PBP Options History — December 2023

In December 2023, PBP traded between $21.38 and $21.69. ATM implied volatility averaged 41.4%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 37.1% (HV 20d: 4.3%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2023-12-13: Largest IV drop — 69.3% change
  • 2023-12-12: Highest IV Rank — 43.3%
  • 2023-12-01: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.53$21.38$21.69$21.45$21.69
ATM IV41.4%23.0%89.6%42.6%32.8%
Expected Move8.3%6.6%12.2%12.2%9.4%
HV 20d4.3%2.7%7.9%7.8%3.1%
HV 60d9.7%8.7%10.1%10.0%8.7%
IV Rank13.5%2.0%43.3%14.4%8.1%
IV Percentile62.9%5.2%97.6%83.7%61.5%
Term Structure-7.0%-19.5%-2.5%-19.5%-8.3%
Skew 25d4.9%2.0%9.5%6.9%4.9%
Skew 10d7.8%5.2%17.4%7.3%9.1%
Call IV 25d22.8%18.5%36.5%29.4%25.2%
Put IV 25d27.7%20.7%40.0%36.4%30.1%
Bid-Ask Spread %138.72134.53140.56137.80137.73
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$21.45$0.0042.6%12.2%7.8%14.4%0.0%6.9%-19.5%0000.00137.80N/AN/A0000
2023-12-04$21.38$0.0047.4%7.4%7.9%17.4%0.0%2.2%-6.1%0000.00140.06N/AN/A0000
2023-12-05$21.38$0.0048.8%7.3%7.8%18.2%0.0%2.0%-6.1%0000.00139.18N/AN/A0000
2023-12-06$21.38$0.0051.4%7.4%7.8%19.9%0.0%2.4%-6.3%0000.00139.23N/AN/A0000
2023-12-07$21.47$0.0056.2%7.7%6.2%22.8%0.0%3.0%-7.9%0000.00139.50N/AN/A0000
2023-12-08$21.48$0.0060.1%7.8%3.3%25.2%0.0%2.2%-7.5%0000.00139.80N/AN/A0000
2023-12-11$21.48$0.0078.0%8.0%3.3%36.2%0.0%5.5%-7.4%0000.00138.98N/AN/A0000
2023-12-12$21.54$0.0089.6%7.8%3.4%43.3%0.0%5.7%-6.7%0000.00139.52N/AN/A0000
2023-12-13$21.52$0.0027.5%7.9%3.4%5.2%0.0%5.4%-7.0%0000.00140.56N/AN/A0000
2023-12-14$21.53$0.0027.4%7.9%3.4%5.1%0.0%4.8%-4.4%0000.00140.05N/AN/A0000
2023-12-15$21.59$0.0027.3%7.8%3.6%5.1%0.0%4.7%-5.4%0000.00139.63N/AN/A0000
2023-12-18$21.58$0.0028.5%8.2%3.5%5.4%0.0%7.0%-5.3%0000.00139.00N/AN/A0000
2023-12-19$21.58$0.0023.0%6.6%2.7%2.0%0.0%3.7%-2.5%0000.00134.53N/AN/A0000
2023-12-20$21.50$0.0031.0%8.9%3.1%6.9%0.0%9.5%-7.1%0000.00139.01N/AN/A0000
2023-12-21$21.55$0.0030.0%8.6%3.1%6.3%0.0%7.7%-6.1%0000.00137.27N/AN/A0000
2023-12-22$21.59$0.0028.9%8.3%3.1%5.7%0.0%5.0%-5.2%0000.00138.33N/AN/A0000
2023-12-26$21.62$0.0031.8%9.1%3.1%7.5%0.0%5.9%-6.5%0000.00138.21N/AN/A0000
2023-12-27$21.65$0.0032.5%9.3%3.1%7.9%0.0%6.6%-7.9%0000.00137.70N/AN/A0000
2023-12-28$21.67$0.0032.6%9.4%3.1%8.0%0.0%3.5%-7.1%0000.00138.29N/AN/A0000
2023-12-29$21.69$0.0032.8%9.4%3.1%8.1%0.0%4.9%-8.3%0000.00137.73N/AN/A0000