PBP Options History — December 2022

In December 2022, PBP traded between $19.94 and $20.59. ATM implied volatility averaged 50.5%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 41.1% (HV 20d: 9.4%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 3 of 21 days.

Notable Days

  • 2022-12-21: Largest IV spike — 206.8% change
  • 2022-12-21: Highest IV Rank — 49.4%
  • 2022-12-21: Largest Expected Move — 31.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.24$19.94$20.59$20.50$20.11
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV50.5%19.1%110.7%50.0%42.3%
Expected Move11.0%5.5%31.7%14.3%12.1%
HV 20d9.4%7.6%11.4%8.0%11.3%
HV 60d23.8%12.4%48.6%48.6%12.4%
IV Rank17.4%0.6%49.4%17.1%13.0%
IV Percentile63.1%0.8%96.8%82.1%64.3%
Term Structure-5.1%-30.7%37.3%-19.9%-10.9%
Skew 25d10.3%2.5%26.1%21.1%10.4%
Skew 10d11.2%5.2%75.3%13.3%7.4%
Call IV 25d26.3%11.9%139.1%22.8%23.1%
Put IV 25d36.6%23.8%156.4%43.9%33.5%
Bid-Ask Spread %139.73132.69158.61136.32139.19
Gamma HHI0.890.870.920.890.89
Net GEX62401.4K1.3K0
Net DEX-5.9K-11.8K0-11.5K0
Net VEX-6-170-170
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI7.429013130

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$20.50$18.0050.0%14.3%8.0%17.1%0.0%21.1%-19.9%1.3K-11.5K-170.00136.32N/AN/A00130
2022-12-02$20.50$18.0051.8%14.8%7.8%18.1%0.0%26.1%-20.5%1.2K-11.6K-170.00134.50N/AN/A00130
2022-12-05$20.41$0.0056.9%9.1%8.0%20.8%0.0%3.2%-6.6%1.2K-11.0K-140.00141.65N/AN/A00130
2022-12-06$20.25$0.0058.2%9.0%8.1%21.5%0.0%2.5%-5.2%1.1K-10.2K-130.00140.24N/AN/A00130
2022-12-07$20.23$0.0053.4%8.1%8.0%18.9%0.0%3.5%-5.6%1.1K-9.8K-120.00136.18N/AN/A00130
2022-12-08$20.35$0.0066.9%9.3%8.1%26.1%0.0%2.9%-6.3%1.1K-10.8K-120.00141.41N/AN/A00130
2022-12-09$20.30$0.0069.4%9.6%7.6%27.5%0.0%2.9%-8.3%1.1K-10.5K-110.00141.48N/AN/A00130
2022-12-12$20.38$0.0091.5%9.7%7.6%39.2%0.0%5.3%-7.3%1.1K-10.9K-90.00141.13N/AN/A00130
2022-12-13$20.56$0.0066.8%5.5%8.2%26.1%0.0%10.4%18.4%1.3K-11.7K-80.00139.40N/AN/A00130
2022-12-14$20.59$0.0019.1%5.5%8.2%0.6%0.0%10.1%18.5%1.4K-11.8K-60.00140.12N/AN/A00130
2022-12-15$20.33$0.0030.7%8.8%9.5%6.8%0.0%10.6%37.3%1.2K-10.2K-40.00139.61N/AN/A00130
2022-12-16$20.12$0.0040.0%11.5%10.2%11.8%0.0%10.0%-6.9%0-4.0K00.00144.02N/AN/A00130
2022-12-19$19.95$0.0035.5%10.2%10.3%9.4%0.0%11.3%-6.2%0000.00138.84N/AN/A0000
2022-12-20$20.02$0.0036.1%10.3%10.3%9.7%0.0%10.5%-6.4%0000.00139.43N/AN/A0000
2022-12-21$20.19$0.00110.7%31.7%10.8%49.4%0.0%17.3%-30.7%0000.00158.61N/AN/A0000
2022-12-22$19.97$0.0030.6%8.8%10.9%6.8%0.0%11.9%-6.1%0000.00132.69N/AN/A0000
2022-12-23$20.08$0.0031.0%8.9%11.2%7.0%0.0%11.8%-6.5%0000.00133.70N/AN/A0000
2022-12-27$20.10$0.0039.6%11.4%11.0%11.6%0.0%10.9%-9.1%0000.00139.22N/AN/A0000
2022-12-28$19.94$0.0039.4%11.3%11.3%11.5%0.0%12.8%-9.6%0000.00138.15N/AN/A0000
2022-12-29$20.16$0.0040.0%11.5%11.4%11.8%0.0%10.7%-9.6%0000.00138.39N/AN/A0000
2022-12-30$20.11$0.0042.3%12.1%11.3%13.0%0.0%10.4%-10.9%0000.00139.19N/AN/A0000