PBP Options History — April 2024

In April 2024, PBP traded between $21.85 and $22.49. ATM implied volatility averaged 33.2%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 28.8% (HV 20d: 4.4%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2024-04-10: Largest IV drop — 41.9% change
  • 2024-04-09: Highest IV Rank — 17.5%
  • 2024-04-03: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.20$21.85$22.49$22.48$21.99
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV33.2%27.9%48.2%37.0%32.4%
Expected Move8.6%7.3%11.3%10.6%9.3%
HV 20d4.4%2.4%5.8%2.7%5.8%
HV 60d4.9%4.6%5.2%4.7%5.2%
IV Rank8.0%4.9%17.5%10.7%6.1%
IV Percentile57.4%36.5%91.3%77.4%60.3%
Term Structure-12.5%-16.3%-8.0%-10.8%-11.8%
Skew 25d3.6%0.3%13.6%13.6%6.5%
Skew 10d11.6%5.3%20.5%18.6%12.7%
Call IV 25d25.8%19.4%36.7%28.7%36.7%
Put IV 25d29.4%20.2%43.1%42.2%43.1%
Bid-Ask Spread %156.59139.11160.36139.50158.22
Gamma HHI1.001.001.001.001.00
Net GEX7601311170
Net DEX-510-9180-9180
Net VEX-1-20-20
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI0.6820110

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$22.48$23.0037.0%10.6%2.7%10.7%0.0%13.6%-10.8%117-918-20.00139.50N/AN/A0010
2024-04-02$22.43$23.0038.2%11.0%2.8%11.4%0.0%5.9%-13.6%127-856-20.00139.82N/AN/A0010
2024-04-03$22.42$23.0039.5%11.3%2.4%12.1%0.0%5.9%-14.7%127-848-20.00139.11N/AN/A0010
2024-04-04$22.34$0.0039.5%7.3%2.8%12.2%0.0%2.8%-13.8%110-847-20.00160.36N/AN/A0010
2024-04-05$22.41$0.0040.7%7.5%2.9%12.9%0.0%0.7%-13.9%128-833-20.00159.91N/AN/A0010
2024-04-08$22.45$0.0046.7%7.9%3.0%16.6%0.0%3.2%-15.5%116-889-10.00159.87N/AN/A0010
2024-04-09$22.43$0.0048.2%7.8%3.0%17.5%0.0%0.3%-15.0%129-837-10.00159.87N/AN/A0010
2024-04-10$22.38$0.0028.0%8.0%3.1%5.1%0.0%3.1%-15.4%112-854-10.00160.28N/AN/A0010
2024-04-11$22.49$0.0028.2%8.1%3.5%5.2%0.0%0.8%-16.3%131-867-10.00159.96N/AN/A0010
2024-04-12$22.35$0.0028.4%8.1%4.2%5.3%0.0%2.3%-16.2%112-831-10.00159.55N/AN/A0010
2024-04-15$22.20$0.0028.8%8.3%4.9%5.6%0.0%2.3%-13.9%112-727-10.00159.07N/AN/A0010
2024-04-16$22.23$0.0029.8%8.5%4.9%6.2%0.0%2.4%-15.2%121-702-10.00159.85N/AN/A0010
2024-04-17$22.09$0.0027.9%8.0%5.3%4.9%0.0%1.7%-10.1%113-625-10.00159.00N/AN/A0010
2024-04-18$22.04$0.0027.9%8.0%5.1%4.9%0.0%2.6%-10.7%113-57800.00159.04N/AN/A0010
2024-04-19$21.88$0.0028.4%8.1%5.5%5.2%0.0%3.5%-8.5%0000.00159.08N/AN/A0010
2024-04-22$21.85$0.0028.9%8.3%5.5%5.5%0.0%6.6%-8.0%0000.00159.02N/AN/A0000
2024-04-23$21.94$0.0029.5%8.4%5.7%5.8%0.0%2.6%-9.2%0000.00159.40N/AN/A0000
2024-04-24$21.95$0.0029.5%8.5%5.8%5.6%0.0%7.2%-9.6%0000.00158.45N/AN/A0000
2024-04-25$21.95$0.0030.2%8.7%5.7%5.6%0.0%1.8%-8.9%0000.00157.76N/AN/A0000
2024-04-26$22.00$0.0030.9%8.9%5.7%6.0%0.0%1.9%-11.6%0000.00158.66N/AN/A0000
2024-04-29$22.05$0.0032.0%9.2%5.8%6.7%0.0%1.8%-12.0%0000.00159.23N/AN/A0000
2024-04-30$21.99$0.0032.4%9.3%5.8%6.1%0.0%6.5%-11.8%0000.00158.22N/AN/A0000