PBP Options History — May 2022

In May 2022, PBP traded between $20.78 and $22.82. ATM implied volatility averaged 40.9%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 14.8% (HV 20d: 26.1%). Max pain ranged from $20.76 to $23.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.57.

Notable Days

2022-05-12: Highest Volume — 14 contracts
2022-05-09: Largest IV spike — 54.1% change
2022-05-09: Highest IV Rank — 39.6%
2022-05-09: Largest Expected Move — 13.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.46	$20.78	$22.82	$22.15	$21.29
Max Pain	$20.88	$20.76	$23.00	$23.00	$20.76
ATM IV	40.9%	28.0%	84.2%	36.4%	44.3%
Expected Move	10.5%	8.0%	13.6%	10.4%	12.7%
HV 20d	26.1%	16.7%	31.0%	16.7%	28.3%
HV 60d	18.9%	15.2%	21.0%	15.3%	20.5%
IV Rank	16.3%	9.3%	39.6%	13.9%	18.1%
IV Percentile	60.0%	30.2%	86.7%	56.9%	73.8%
Term Structure	-9.0%	-14.2%	12.4%	-8.2%	-12.0%
VWIV	38.9%	28.5%	51.9%	50.8%	47.6%
Skew 25d	8.8%	1.1%	25.0%	8.8%	14.7%
Skew 10d	8.6%	0.7%	25.7%	1.5%	24.8%
Call IV 25d	29.3%	19.2%	43.6%	28.0%	41.5%
Put IV 25d	38.1%	26.1%	59.5%	36.7%	56.2%
Bid-Ask Spread %	134.59	129.36	138.54	131.03	138.07
Gamma HHI	0.46	0.20	1.00	1.00	0.53
Net GEX	428	-27	772	585	562
Net DEX	-6.0K	-9.3K	2.6K	-4.4K	-8.3K
Net VEX	-26	-39	-18	-20	-23
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.00	2.00	0.00	0.00
Total Volume	7.048	0	14	0	4
Total OI	14.762	8	23	8	12

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-05-02	$22.15	$0.00	36.4%	10.4%	16.7%	13.9%	0.0%	8.8%	-8.2%	585	-4.4K	-20	0.00	131.03	N/A	N/A	0	0	8	0
2022-05-03	$22.33	$0.00	39.2%	11.2%	17.0%	15.4%	50.8%	5.0%	-13.4%	606	-5.1K	-21	0.00	130.71	N/A	N/A	1	0	8	0
2022-05-04	$22.82	$23.00	39.8%	11.4%	19.0%	15.7%	34.9%	11.8%	-7.7%	772	-7.8K	-26	0.00	132.91	N/A	N/A	2	0	9	0
2022-05-05	$22.01	$20.76	45.7%	9.4%	22.7%	18.9%	43.2%	7.0%	-11.7%	706	-9.1K	-26	0.00	131.40	N/A	N/A	2	0	11	0
2022-05-06	$22.01	$20.76	54.6%	10.3%	22.7%	23.7%	40.1%	9.6%	-9.7%	683	-9.3K	-25	0.00	134.59	N/A	N/A	2	0	11	0
2022-05-09	$21.44	$20.76	84.2%	13.6%	24.1%	39.6%	51.9%	25.0%	-14.2%	495	-8.8K	-26	0.00	138.54	N/A	N/A	3	0	11	0
2022-05-10	$21.44	$20.76	55.0%	9.3%	24.1%	23.9%	35.7%	8.3%	-9.0%	705	-8.5K	-21	0.00	131.50	N/A	N/A	4	0	12	0
2022-05-11	$21.17	$20.76	41.7%	12.0%	24.3%	16.7%	42.1%	8.7%	-13.5%	640	-9.1K	-28	2.00	136.81	N/A	N/A	4	8	13	0
2022-05-12	$20.95	$20.76	34.9%	10.0%	24.0%	13.1%	34.5%	8.7%	-10.7%	-27	2.6K	-30	1.33	131.94	N/A	N/A	6	8	13	8
2022-05-13	$21.60	$20.76	28.0%	8.0%	27.1%	9.3%	28.5%	11.1%	-7.4%	50	-5.0K	-39	1.33	131.58	N/A	N/A	6	8	15	8
2022-05-16	$21.46	$20.76	34.2%	9.8%	27.2%	12.7%	36.6%	6.9%	-10.9%	56	-4.2K	-36	1.33	137.54	N/A	N/A	6	8	15	8
2022-05-17	$21.93	$20.76	33.9%	9.7%	28.2%	12.5%	36.3%	22.1%	-10.0%	126	-8.0K	-37	1.33	137.41	N/A	N/A	6	8	15	8
2022-05-18	$21.07	$20.76	38.1%	10.9%	31.0%	14.8%	38.4%	8.9%	-13.7%	-9	-1.7K	-33	1.33	135.87	N/A	N/A	6	8	15	8
2022-05-19	$20.95	$20.76	37.8%	10.8%	30.9%	14.6%	38.4%	4.3%	-8.8%	33	-1.1K	-31	1.33	136.59	N/A	N/A	6	8	15	8
2022-05-20	$20.78	$20.76	31.6%	9.1%	30.5%	11.3%	30.3%	6.1%	-5.2%	447	-2.0K	-20	1.33	129.36	N/A	N/A	6	8	15	4
2022-05-23	$20.93	$20.76	33.9%	9.7%	30.8%	12.5%	33.7%	1.1%	-7.5%	477	-6.5K	-19	0.00	133.72	N/A	N/A	4	0	12	0
2022-05-24	$20.89	$20.76	34.0%	9.7%	30.3%	12.6%	32.5%	3.1%	-7.4%	459	-6.2K	-18	0.00	132.00	N/A	N/A	4	0	12	0
2022-05-25	$20.99	$20.76	40.6%	11.6%	30.4%	16.1%	40.2%	2.3%	-10.1%	508	-7.1K	-22	0.00	138.38	N/A	N/A	4	0	12	0
2022-05-26	$21.19	$20.76	41.2%	11.8%	29.7%	16.5%	40.8%	4.9%	-10.6%	547	-7.6K	-22	0.00	138.09	N/A	N/A	4	0	12	0
2022-05-27	$21.28	$20.76	29.9%	8.6%	28.3%	10.4%	41.7%	6.2%	12.4%	564	-7.8K	-23	0.00	138.23	N/A	N/A	4	0	12	0
2022-05-31	$21.29	$20.76	44.3%	12.7%	28.3%	18.1%	47.6%	14.7%	-12.0%	562	-8.3K	-23	0.00	138.07	N/A	N/A	4	0	12	0