PBP Options History — January 2023

In January 2023, PBP traded between $20.10 and $20.92. ATM implied volatility averaged 32.8%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 23.8% (HV 20d: 9.0%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-01-26: Highest Volume — 1 contracts
2023-01-11: Largest IV drop — 49.2% change
2023-01-10: Highest IV Rank — 21.3%
2023-01-04: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.58	$20.10	$20.92	$20.10	$20.92
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	32.8%	21.6%	57.8%	44.9%	28.4%
Expected Move	8.4%	6.2%	13.5%	12.9%	8.1%
HV 20d	9.0%	4.7%	11.5%	11.3%	4.7%
HV 60d	9.7%	8.5%	12.3%	12.3%	8.5%
IV Rank	7.9%	2.0%	21.3%	14.4%	5.6%
IV Percentile	26.2%	1.6%	87.3%	69.8%	11.5%
Term Structure	1.0%	-14.6%	9.0%	-13.2%	3.2%
VWIV	17.1%	15.3%	19.0%	15.3%	19.0%
Skew 25d	4.9%	-4.3%	13.1%	13.1%	1.7%
Skew 10d	9.4%	6.0%	15.7%	8.3%	8.0%
Call IV 25d	23.5%	19.8%	31.0%	23.6%	25.6%
Put IV 25d	28.4%	18.2%	37.5%	36.6%	27.3%
Bid-Ask Spread %	137.92	134.87	141.53	138.00	135.60
Gamma HHI	0.68	0.52	1.00	1.00	0.53
Net GEX	1	-89	57	0	57
Net DEX	-24	-533	528	0	-533
Net VEX	-0	-3	0	0	-3
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.1	0	1	0	0
Total OI	0.25	0	2	0	2

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-01-03	$20.10	$0.00	44.9%	12.9%	11.3%	14.4%	0.0%	13.1%	-13.2%	0	0	0	138.00	N/A	N/A	0	0	0	0
2023-01-04	$20.13	$0.00	47.0%	13.5%	11.3%	15.5%	0.0%	12.7%	-14.6%	0	0	0	138.13	N/A	N/A	0	0	0	0
2023-01-05	$20.15	$0.00	40.0%	7.9%	11.0%	11.8%	0.0%	2.2%	-3.8%	0	0	0	136.05	N/A	N/A	0	0	0	0
2023-01-06	$20.34	$0.00	41.0%	8.0%	11.5%	12.3%	0.0%	2.3%	-4.4%	0	0	0	134.87	N/A	N/A	0	0	0	0
2023-01-09	$20.35	$0.00	55.3%	9.8%	11.3%	19.9%	0.0%	4.0%	-5.6%	0	0	0	141.01	N/A	N/A	0	0	0	0
2023-01-10	$20.40	$0.00	57.8%	9.9%	11.3%	21.3%	0.0%	4.5%	-5.7%	0	0	0	141.01	N/A	N/A	0	0	0	0
2023-01-11	$20.48	$0.00	29.3%	8.4%	11.3%	6.1%	0.0%	6.4%	-4.7%	0	0	0	134.98	N/A	N/A	0	0	0	0
2023-01-12	$20.55	$0.00	25.3%	7.3%	10.9%	4.0%	0.0%	7.0%	9.0%	0	0	0	141.40	N/A	N/A	0	0	0	0
2023-01-13	$20.55	$0.00	23.2%	6.6%	10.9%	2.8%	0.0%	6.7%	4.5%	0	0	0	135.74	N/A	N/A	0	0	0	0
2023-01-17	$20.57	$0.00	26.7%	7.7%	9.8%	4.7%	0.0%	6.9%	8.0%	0	0	0	141.22	N/A	N/A	0	0	0	0
2023-01-18	$20.56	$0.00	27.2%	7.8%	8.9%	5.0%	0.0%	7.5%	7.1%	0	0	0	141.26	N/A	N/A	0	0	0	0
2023-01-19	$20.56	$0.00	28.2%	8.1%	8.2%	5.5%	0.0%	7.0%	7.8%	0	0	0	141.53	N/A	N/A	0	0	0	0
2023-01-20	$20.71	$0.00	21.6%	6.2%	8.4%	2.0%	0.0%	5.4%	8.0%	0	0	0	135.71	N/A	N/A	0	0	0	0
2023-01-23	$20.84	$0.00	27.4%	7.9%	8.2%	5.1%	0.0%	4.4%	0.8%	0	0	0	141.07	N/A	N/A	0	0	0	0
2023-01-24	$20.80	$0.00	25.1%	7.2%	6.9%	3.9%	0.0%	3.2%	5.3%	0	0	0	135.64	N/A	N/A	0	0	0	0
2023-01-25	$20.84	$0.00	25.6%	7.3%	6.8%	4.1%	0.0%	2.5%	4.4%	0	0	0	135.75	N/A	N/A	0	0	0	0
2023-01-26	$20.90	$0.00	26.2%	7.5%	6.8%	4.4%	15.3%	-4.3%	5.3%	0	0	0	136.35	N/A	N/A	0	1	0	0
2023-01-27	$20.92	$20.00	26.8%	7.7%	5.7%	4.8%	19.0%	2.9%	5.1%	-89	528	-2	137.18	N/A	N/A	1	0	0	1
2023-01-30	$20.88	$20.00	28.3%	8.1%	4.9%	5.5%	0.0%	1.4%	4.2%	50	-478	-3	135.91	N/A	N/A	0	0	1	1
2023-01-31	$20.92	$20.00	28.4%	8.1%	4.7%	5.6%	0.0%	1.7%	3.2%	57	-533	-3	135.60	N/A	N/A	0	0	1	1