PBP Options History — March 2023

In March 2023, PBP traded between $20.45 and $21.26. ATM implied volatility averaged 41.2%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 29.4% (HV 20d: 11.8%). Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 1 of 23 days.

Notable Days

  • 2023-03-22: Largest IV spike — 111.4% change
  • 2023-03-14: Highest IV Rank — 42.9%
  • 2023-03-22: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.92$20.45$21.26$20.85$21.23
ATM IV41.2%25.7%99.1%38.6%33.9%
Expected Move9.1%7.0%18.0%11.1%9.7%
HV 20d11.8%5.7%14.7%5.7%13.8%
HV 60d9.2%7.9%10.0%7.9%9.5%
IV Rank12.0%3.6%42.9%11.1%8.0%
IV Percentile41.9%2.8%95.6%48.4%28.6%
Term Structure-5.0%-18.1%48.4%-14.0%-9.0%
Skew 25d7.0%0.3%51.4%2.1%11.3%
Skew 10d12.5%5.2%41.5%7.2%22.1%
Call IV 25d23.7%17.7%41.6%28.7%21.8%
Put IV 25d30.7%20.8%89.5%30.8%33.0%
Bid-Ask Spread %135.22130.32156.64134.85134.63
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$20.85$0.0038.6%11.1%5.7%11.1%0.0%2.1%-14.0%0000.00134.85N/AN/A0000
2023-03-02$20.94$0.0038.4%11.0%5.7%10.9%0.0%7.3%-13.8%0000.00135.14N/AN/A0000
2023-03-03$21.24$0.0038.5%11.0%7.6%10.5%0.0%5.7%-13.2%0000.00133.46N/AN/A0000
2023-03-06$21.26$0.0045.2%7.3%7.6%14.0%0.0%3.2%-5.2%0000.00135.26N/AN/A0000
2023-03-07$21.05$0.0045.1%7.3%8.5%14.0%0.0%3.1%-5.4%0000.00134.77N/AN/A0000
2023-03-08$21.05$0.0047.5%7.4%8.4%15.3%0.0%3.2%-5.6%0000.00134.77N/AN/A0000
2023-03-09$20.77$0.0047.6%7.0%9.7%15.3%0.0%1.2%-5.7%0000.00132.69N/AN/A0000
2023-03-10$20.45$0.0060.0%8.4%11.0%21.9%0.0%2.0%-5.9%0000.00132.28N/AN/A0000
2023-03-13$20.55$0.0069.8%9.0%11.2%27.2%0.0%4.6%-6.1%0000.00133.26N/AN/A0000
2023-03-14$20.64$0.0099.1%9.4%11.3%42.9%0.0%3.5%-8.0%0000.00138.95N/AN/A0000
2023-03-15$20.58$0.0028.8%8.3%11.4%5.2%0.0%0.9%-7.0%0000.00135.65N/AN/A0000
2023-03-16$21.04$0.0025.7%7.4%14.0%3.6%0.0%5.9%48.4%0000.00130.32N/AN/A0000
2023-03-17$20.78$0.0027.2%7.8%14.7%4.4%0.0%2.9%-4.0%0000.00131.61N/AN/A0000
2023-03-20$20.78$0.0030.4%8.7%14.7%6.1%0.0%0.3%-5.5%0000.00135.44N/AN/A0000
2023-03-21$20.93$0.0029.8%8.5%14.7%5.7%0.0%7.2%-5.7%0000.00135.99N/AN/A0000
2023-03-22$20.96$0.0062.9%18.0%14.7%23.5%0.0%51.4%-18.1%0000.00156.64N/AN/A0000
2023-03-23$20.83$0.0029.2%8.4%14.6%5.4%0.0%5.5%-4.5%0000.00134.98N/AN/A0000
2023-03-24$20.86$0.0031.3%9.0%14.3%6.6%0.0%7.1%-6.6%0000.00135.34N/AN/A0000
2023-03-27$21.04$0.0031.3%9.0%14.6%6.6%0.0%4.6%-7.5%0000.00135.01N/AN/A0000
2023-03-28$20.99$0.0026.2%7.5%14.6%3.8%0.0%8.2%-1.1%0000.00133.03N/AN/A0000
2023-03-29$21.11$0.0032.6%9.3%14.7%7.2%0.0%9.2%-8.1%0000.00133.88N/AN/A0000
2023-03-30$21.16$0.0029.6%8.5%14.7%5.6%0.0%10.7%-3.5%0000.00132.04N/AN/A0000
2023-03-31$21.23$0.0033.9%9.7%13.8%8.0%0.0%11.3%-9.0%0000.00134.63N/AN/A0000