PBP Options History — November 2023

In November 2023, PBP traded between $21.11 and $21.46. ATM implied volatility averaged 39.5%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 28.3% (HV 20d: 11.2%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2023-11-02: Largest IV drop — 76.4% change
  • 2023-11-01: Highest IV Rank — 76.6%
  • 2023-11-01: Largest Expected Move — 41.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.36$21.11$21.46$21.18$21.38
ATM IV39.5%25.6%143.9%143.9%40.6%
Expected Move10.4%6.5%41.2%41.2%11.6%
HV 20d11.2%8.0%13.7%12.6%8.0%
HV 60d9.9%9.5%10.3%9.5%10.0%
IV Rank12.5%4.0%76.6%76.6%13.2%
IV Percentile58.1%17.1%98.8%98.8%81.0%
Term Structure-8.8%-56.3%42.0%-56.3%-16.6%
Skew 25d7.6%-2.5%23.3%23.3%6.1%
Skew 10d17.6%4.8%196.2%196.2%8.5%
Call IV 25d31.6%17.1%189.9%189.9%28.4%
Put IV 25d39.2%18.7%213.3%213.3%34.5%
Bid-Ask Spread %138.39133.13156.96156.96137.91
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$21.18$0.00143.9%41.2%12.6%76.6%0.0%23.3%-56.3%0000.00156.96N/AN/A0000
2023-11-02$21.32$0.0034.0%6.5%12.8%9.2%0.0%4.5%-7.0%0000.00133.13N/AN/A0000
2023-11-03$21.37$0.0042.7%7.8%12.0%14.5%0.0%2.3%-9.0%0000.00140.15N/AN/A0000
2023-11-06$21.39$0.0049.1%8.1%12.0%18.4%0.0%10.7%-9.8%0000.00139.08N/AN/A0000
2023-11-07$21.39$0.0048.8%8.2%11.8%18.2%0.0%10.9%-10.2%0000.00139.99N/AN/A0000
2023-11-08$21.11$0.0028.9%8.3%12.4%6.1%0.0%6.5%-11.8%0000.00140.23N/AN/A0000
2023-11-09$21.43$0.0028.9%8.3%13.7%6.0%0.0%-2.5%-10.7%0000.00140.10N/AN/A0000
2023-11-10$21.42$0.0029.8%8.6%13.5%6.6%0.0%11.5%-11.1%0000.00139.60N/AN/A0000
2023-11-13$21.43$0.0025.6%7.3%12.5%4.0%0.0%6.2%-9.4%0000.00133.86N/AN/A0000
2023-11-14$21.44$0.0030.1%8.6%12.5%6.8%0.0%11.8%-11.7%0000.00139.24N/AN/A0000
2023-11-15$21.45$0.0025.9%7.4%11.6%4.2%0.0%5.8%-10.0%0000.00134.04N/AN/A0000
2023-11-16$21.46$0.0031.1%8.9%11.4%7.4%0.0%14.3%34.6%0000.00136.56N/AN/A0000
2023-11-17$21.42$0.0026.3%7.5%10.9%4.5%0.0%5.3%42.0%0000.00134.11N/AN/A0000
2023-11-20$21.30$0.0027.5%7.9%10.7%5.2%0.0%5.2%-7.8%0000.00134.41N/AN/A0000
2023-11-21$21.29$0.0033.4%9.6%10.6%8.8%0.0%3.6%-11.2%0000.00138.78N/AN/A0000
2023-11-22$21.34$0.0030.4%8.7%10.2%7.0%0.0%10.7%-8.6%0000.00137.62N/AN/A0000
2023-11-24$21.36$0.0035.4%10.2%9.7%10.1%0.0%4.7%-13.1%0000.00138.55N/AN/A0000
2023-11-27$21.37$0.0037.7%10.8%9.5%11.5%0.0%5.6%-15.0%0000.00135.88N/AN/A0000
2023-11-28$21.38$0.0038.1%10.9%8.7%11.7%0.0%5.7%-15.3%0000.00138.43N/AN/A0000
2023-11-29$21.38$0.0040.7%11.7%8.7%13.3%0.0%6.9%-17.5%0000.00137.54N/AN/A0000
2023-11-30$21.38$0.0040.6%11.6%8.0%13.2%0.0%6.1%-16.6%0000.00137.91N/AN/A0000