PBP Options History — May 2023

In May 2023, PBP traded between $21.20 and $21.71. ATM implied volatility averaged 27.7%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 19.8% (HV 20d: 7.8%). Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 1 of 22 days.

Notable Days

  • 2023-05-25: Largest IV drop — 23.9% change
  • 2023-05-31: Highest IV Rank — 9.6%
  • 2023-05-31: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.54$21.20$21.71$21.47$21.69
ATM IV27.7%23.5%36.9%24.4%36.9%
Expected Move7.8%6.7%10.6%7.0%10.6%
HV 20d7.8%6.0%8.6%6.0%7.7%
HV 60d9.9%9.6%10.1%9.6%9.7%
IV Rank4.6%2.4%9.6%2.9%9.6%
IV Percentile15.2%5.6%45.6%5.6%45.6%
Term Structure-8.2%-13.3%0.8%-11.2%-13.3%
Skew 25d5.4%-0.9%11.9%5.1%7.0%
Skew 10d7.3%5.7%14.2%14.2%8.2%
Call IV 25d22.8%19.0%29.5%22.6%29.5%
Put IV 25d28.2%22.4%39.8%27.7%36.5%
Bid-Ask Spread %133.95132.81135.26133.82135.23
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$21.47$0.0024.4%7.0%6.0%2.9%0.0%5.1%-11.2%0000.00133.82N/AN/A0000
2023-05-02$21.35$0.0023.5%6.7%6.4%2.4%0.0%-0.2%-9.4%0000.00132.81N/AN/A0000
2023-05-03$21.30$0.0025.8%7.4%6.5%3.6%0.0%-0.9%-13.3%0000.00132.83N/AN/A0000
2023-05-04$21.20$0.0024.6%7.7%6.7%3.0%0.0%3.3%-6.9%0000.00135.26N/AN/A0000
2023-05-05$21.46$0.0027.0%7.7%7.9%4.3%0.0%4.3%-6.8%0000.00135.01N/AN/A0000
2023-05-08$21.49$0.0031.2%7.9%7.9%6.5%0.0%6.3%-7.9%0000.00134.49N/AN/A0000
2023-05-09$21.45$0.0028.4%6.7%7.9%5.0%0.0%6.1%-3.7%0000.00133.62N/AN/A0000
2023-05-10$21.53$0.0023.8%6.8%8.0%2.5%0.0%6.2%-6.2%0000.00133.91N/AN/A0000
2023-05-11$21.58$0.0025.5%7.3%8.0%3.5%0.0%6.2%-10.0%0000.00133.46N/AN/A0000
2023-05-12$21.52$0.0025.4%7.3%8.1%3.4%0.0%5.4%-10.6%0000.00134.34N/AN/A0000
2023-05-15$21.64$0.0026.1%7.5%8.3%3.8%0.0%7.4%-10.0%0000.00133.95N/AN/A0000
2023-05-16$21.62$0.0026.5%7.6%8.3%4.0%0.0%6.1%-10.5%0000.00133.95N/AN/A0000
2023-05-17$21.69$0.0026.5%7.6%8.3%4.0%0.0%5.2%-11.6%0000.00134.23N/AN/A0000
2023-05-18$21.71$0.0026.9%7.7%8.3%4.2%0.0%2.9%0.8%0000.00134.11N/AN/A0000
2023-05-19$21.61$0.0026.8%7.7%8.5%4.2%0.0%5.5%-6.3%0000.00134.17N/AN/A0000
2023-05-22$21.65$0.0028.4%8.1%8.5%5.0%0.0%6.5%-7.3%0000.00134.51N/AN/A0000
2023-05-23$21.54$0.0029.5%8.5%8.1%5.6%0.0%4.5%-7.7%0000.00133.92N/AN/A0000
2023-05-24$21.38$0.0032.7%9.4%8.6%7.3%0.0%11.9%-9.1%0000.00133.12N/AN/A0000
2023-05-25$21.57$0.0024.9%7.1%8.0%3.1%0.0%7.1%-0.3%0000.00133.55N/AN/A0000
2023-05-26$21.67$0.0030.4%8.7%8.0%6.1%0.0%4.7%-8.6%0000.00132.97N/AN/A0000
2023-05-30$21.68$0.0033.1%9.5%8.0%7.6%0.0%8.5%-11.1%0000.00133.66N/AN/A0000
2023-05-31$21.69$0.0036.9%10.6%7.7%9.6%0.0%7.0%-13.3%0000.00135.23N/AN/A0000