PBP Options History — November 2022

In November 2022, PBP traded between $19.92 and $20.44. ATM implied volatility averaged 51.3%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 40.5% (HV 20d: 10.8%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.06.

Notable Days

2022-11-01: Highest Volume — 14 contracts
2022-11-23: Largest IV spike — 263.3% change
2022-11-02: Highest IV Rank — 72.5%
2022-11-02: Largest Expected Move — 43.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.20	$19.92	$20.44	$20.11	$20.44
Max Pain	$18.00	$18.00	$18.00	$18.00	$18.00
ATM IV	51.3%	31.1%	152.0%	48.5%	48.6%
Expected Move	13.7%	7.3%	43.6%	13.9%	13.9%
HV 20d	10.8%	6.5%	16.8%	16.6%	8.3%
HV 60d	75.0%	48.7%	94.6%	94.5%	48.8%
IV Rank	20.2%	10.5%	72.5%	19.4%	16.4%
IV Percentile	65.7%	24.2%	99.2%	82.9%	81.0%
Term Structure	-15.1%	-60.6%	-0.5%	-15.7%	-16.7%
VWIV	33.2%	14.6%	192.7%	67.4%	31.3%
Skew 25d	16.9%	4.0%	34.6%	4.0%	21.6%
Skew 10d	23.6%	5.9%	112.1%	28.9%	12.2%
Call IV 25d	37.1%	14.4%	208.6%	56.2%	21.2%
Put IV 25d	54.0%	25.7%	226.2%	60.2%	42.8%
Bid-Ask Spread %	138.41	132.75	152.54	138.06	137.08
Gamma HHI	0.88	0.73	0.93	0.93	0.89
Net GEX	937	331	1.2K	995	1.2K
Net DEX	-10.5K	-13.2K	-8.6K	-9.6K	-11.3K
Net VEX	-25	-37	-18	-29	-18
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.00	0.08	0.08	0.00
Total Volume	11.19	0	14	14	0
Total OI	13.667	13	14	14	13

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
2022-11-01	$20.11	$18.00	48.5%	13.9%	16.6%	19.4%	67.4%	4.0%	-15.7%	995	-9.6K	-29	0.08	138.06	N/A	N/A	13	1	13	1
2022-11-02	$20.00	$18.00	152.0%	43.6%	16.8%	72.5%	192.7%	17.6%	-60.6%	331	-12.5K	-37	0.08	151.72	N/A	N/A	13	1	13	1
2022-11-03	$19.92	$18.00	49.5%	9.6%	16.6%	19.9%	26.8%	17.7%	-9.0%	704	-10.0K	-31	0.08	137.35	N/A	N/A	13	1	13	1
2022-11-04	$19.99	$18.00	50.4%	9.7%	14.6%	20.4%	22.2%	9.7%	-8.5%	1.0K	-8.6K	-25	0.08	133.61	N/A	N/A	13	1	13	1
2022-11-07	$20.16	$18.00	57.5%	10.1%	14.5%	24.0%	19.2%	20.3%	-9.7%	795	-10.8K	-30	0.08	138.25	N/A	N/A	13	1	13	1
2022-11-08	$20.22	$18.00	43.1%	7.3%	13.5%	16.7%	14.6%	12.3%	-0.5%	1.1K	-10.0K	-27	0.08	133.75	N/A	N/A	13	1	13	1
2022-11-09	$20.12	$18.00	35.3%	10.1%	13.8%	12.7%	16.1%	11.0%	-10.7%	844	-10.3K	-28	0.08	135.55	N/A	N/A	13	1	13	1
2022-11-10	$20.29	$18.00	35.6%	10.2%	12.6%	12.8%	17.0%	21.4%	-11.2%	819	-11.4K	-28	0.08	137.00	N/A	N/A	13	1	13	1
2022-11-11	$20.24	$18.00	31.1%	8.9%	11.8%	10.5%	16.9%	8.6%	-12.7%	1.1K	-9.8K	-26	0.08	132.75	N/A	N/A	13	1	13	1
2022-11-14	$20.23	$18.00	36.3%	10.4%	10.2%	13.1%	17.7%	23.3%	-18.3%	1.0K	-10.4K	-26	0.08	135.69	N/A	N/A	13	1	13	1
2022-11-15	$20.28	$18.00	37.8%	10.8%	9.7%	13.9%	24.0%	6.7%	-14.1%	1.1K	-10.3K	-26	0.08	137.78	N/A	N/A	13	1	13	1
2022-11-16	$20.29	$18.00	43.9%	12.6%	9.1%	17.1%	23.0%	29.5%	-5.0%	838	-11.1K	-26	0.08	148.79	N/A	N/A	13	1	13	1
2022-11-17	$20.25	$18.00	38.6%	11.1%	8.4%	14.3%	24.5%	6.2%	-8.8%	970	-10.6K	-24	0.08	135.24	N/A	N/A	13	1	13	1
2022-11-18	$20.11	$18.00	38.9%	11.2%	7.5%	14.5%	17.8%	11.7%	-9.9%	965	-9.8K	-23	0.08	135.39	N/A	N/A	13	1	13	1
2022-11-21	$20.16	$18.00	39.9%	11.4%	6.6%	15.0%	17.2%	11.5%	-10.5%	1.0K	-10.1K	-21	0.00	135.38	N/A	N/A	13	0	13	0
2022-11-22	$20.19	$18.00	34.6%	9.9%	6.5%	12.3%	15.9%	14.3%	-9.5%	1.2K	-9.4K	-19	0.00	139.61	N/A	N/A	13	0	13	0
2022-11-23	$20.37	$18.00	125.6%	36.0%	7.2%	57.6%	31.3%	24.5%	-44.4%	465	-13.2K	-25	0.00	152.54	N/A	N/A	13	0	13	0
2022-11-25	$20.36	$18.00	37.9%	10.9%	7.2%	10.9%	0.0%	32.6%	-10.0%	1.2K	-10.7K	-20	0.00	138.29	N/A	N/A	0	0	13	0
2022-11-28	$20.23	$18.00	45.5%	13.0%	7.5%	14.7%	0.0%	34.6%	-14.8%	1.0K	-10.4K	-19	0.00	136.29	N/A	N/A	0	0	13	0
2022-11-29	$20.23	$18.00	46.8%	13.4%	7.5%	15.4%	0.0%	16.1%	-15.8%	1.0K	-10.4K	-18	0.00	136.56	N/A	N/A	0	0	13	0
2022-11-30	$20.44	$18.00	48.6%	13.9%	8.3%	16.4%	0.0%	21.6%	-16.7%	1.2K	-11.3K	-18	0.00	137.08	N/A	N/A	0	0	13	0