PBP Options History — February 2022

In February 2022, PBP traded between $21.90 and $22.84. ATM implied volatility averaged 29.6%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 15.4% (HV 20d: 14.1%). Max pain ranged from $23.76 to $23.76. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days.

Notable Days

  • 2022-02-28: Largest IV spike — 110.7% change
  • 2022-02-02: Highest IV Rank — 15.9%
  • 2022-02-02: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.45$21.90$22.84$22.62$22.21
Max Pain$23.76$23.76$23.76$23.76$23.76
ATM IV29.6%17.9%40.2%27.5%37.6%
Expected Move7.9%5.1%11.5%7.9%10.8%
HV 20d14.1%12.4%15.9%12.4%15.1%
HV 60d17.1%16.5%17.7%16.5%17.4%
IV Rank10.2%3.9%15.9%9.0%14.5%
IV Percentile27.8%2.4%48.0%23.4%48.0%
Term Structure-0.1%-19.3%15.4%-8.5%-4.5%
Skew 25d4.5%-4.2%20.6%1.4%2.9%
Skew 10d8.5%-8.4%31.4%5.5%18.0%
Call IV 25d27.7%17.1%41.8%32.4%41.8%
Put IV 25d32.2%13.1%62.2%33.8%44.7%
Bid-Ask Spread %146.02134.23169.59134.78149.41
Gamma HHI0.690.530.800.700.68
Net GEX320173433329280
Net DEX-2.4K-4.6K760-2.6K-1.3K
Net VEX-37-45-22-40-30
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1010101010

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$22.62$0.0027.5%7.9%12.4%9.0%0.0%1.4%-8.5%329-2.6K-400.00134.78N/AN/A0082
2022-02-02$22.69$0.0040.2%11.5%12.5%15.9%0.0%7.2%-19.3%402-2.7K-400.00137.98N/AN/A0082
2022-02-03$22.45$23.7635.4%6.7%12.9%13.3%0.0%4.4%-2.0%323-4.3K-450.00145.66N/AN/A0082
2022-02-04$22.68$23.7618.3%5.2%13.4%4.1%0.0%-4.2%6.5%173-4.1K-420.00134.23N/AN/A0082
2022-02-07$22.67$23.7632.5%6.3%13.4%11.8%0.0%1.8%-2.9%353-2.6K-390.00147.24N/AN/A0082
2022-02-08$22.67$23.7634.1%5.8%13.4%12.6%0.0%4.0%-3.1%326-2.8K-390.00146.78N/AN/A0082
2022-02-09$22.84$23.7619.4%5.6%13.7%4.7%0.0%1.9%-2.9%378-3.2K-400.00146.48N/AN/A0082
2022-02-10$22.65$23.7623.9%6.8%13.9%7.1%0.0%-0.5%-4.1%433-2.5K-400.00140.10N/AN/A0082
2022-02-11$22.38$23.7636.3%10.4%14.4%13.8%0.0%17.5%8.7%352-2.3K-380.00164.90N/AN/A0082
2022-02-14$22.43$23.7638.4%11.0%14.5%14.9%0.0%20.6%7.1%384-2.1K-360.00169.59N/AN/A0082
2022-02-15$22.63$23.7626.5%7.6%14.9%8.5%0.0%5.9%-3.0%356-2.4K-370.00151.90N/AN/A0082
2022-02-16$22.77$23.7626.6%7.6%14.7%8.6%0.0%-0.2%-2.7%327-4.6K-430.00148.91N/AN/A0082
2022-02-17$22.38$23.7629.1%8.3%15.9%9.9%0.0%-0.1%15.3%313-3.5K-410.00140.10N/AN/A0082
2022-02-18$22.15$23.7624.5%7.0%15.7%7.5%0.0%-0.8%-0.6%256-1.3K-330.00147.82N/AN/A0082
2022-02-22$22.13$23.7633.3%9.6%14.1%12.2%0.0%2.6%-0.3%267-1.2K-310.00149.33N/AN/A0082
2022-02-23$21.90$23.7626.8%7.7%14.3%8.7%0.0%6.7%-0.7%271-590-310.00134.59N/AN/A0082
2022-02-24$21.90$23.7633.3%9.6%14.2%12.2%0.0%14.1%-0.8%205760-220.00148.95N/AN/A0082
2022-02-25$22.33$23.7617.9%5.1%15.7%3.9%0.0%-0.1%15.4%344-2.5K-350.00135.55N/AN/A0082
2022-02-28$22.21$23.7637.6%10.8%15.1%14.5%0.0%2.9%-4.5%280-1.3K-300.00149.41N/AN/A0082