PBP Options History — May 2024

In May 2024, PBP traded between $21.89 and $22.24. ATM implied volatility averaged 34.9%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 30.2% (HV 20d: 4.8%). Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 3 of 22 days.

Notable Days

  • 2024-05-24: Highest Volume — 8 contracts
  • 2024-05-15: Largest IV drop — 71.3% change
  • 2024-05-14: Highest IV Rank — 36.4%
  • 2024-05-03: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.08$21.89$22.24$22.02$21.95
ATM IV34.9%17.9%80.9%32.6%29.7%
Expected Move7.0%5.1%11.2%9.4%8.5%
HV 20d4.8%3.3%6.0%5.9%4.3%
HV 60d4.8%4.2%5.3%5.2%4.5%
IV Rank8.3%0.0%36.4%6.1%7.2%
IV Percentile42.9%0.0%97.6%61.9%43.3%
Term Structure-2.1%-21.0%45.6%-12.5%-6.9%
Skew 25d2.2%-0.5%6.2%1.8%2.9%
Skew 10d8.0%4.3%19.6%7.4%9.6%
Call IV 25d21.2%16.9%28.8%26.2%23.0%
Put IV 25d23.3%18.2%33.4%28.0%25.9%
Bid-Ask Spread %141.89138.52158.89157.12138.55
Gamma HHI1.001.001.001.001.00
Net GEX-131-75900-746
Net DEX1.2K06.7K06.3K
Net VEX-8-4600-44
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.3640800
Total OI1.4550808

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$22.02$0.0032.6%9.4%5.9%6.1%0.0%1.8%-12.5%0000.00157.12N/AN/A0000
2024-05-02$22.04$0.0035.1%10.1%5.8%7.7%0.0%1.6%-14.6%0000.00157.66N/AN/A0000
2024-05-03$22.11$0.0039.1%11.2%5.8%10.2%0.0%1.8%-21.0%0000.00158.89N/AN/A0000
2024-05-06$22.15$0.0041.6%6.1%5.8%11.8%0.0%1.2%-0.0%0000.00139.40N/AN/A0000
2024-05-07$22.11$0.0043.7%6.2%5.9%13.1%0.0%1.5%-0.3%0000.00140.34N/AN/A0000
2024-05-08$22.18$0.0046.8%6.2%6.0%15.0%0.0%1.5%0.2%0000.00139.57N/AN/A0000
2024-05-09$22.23$0.0049.6%6.2%5.7%16.8%0.0%1.6%0.2%0000.00139.90N/AN/A0000
2024-05-10$22.21$0.0052.0%6.3%5.3%18.3%0.0%1.5%-0.0%0000.00139.63N/AN/A0000
2024-05-13$22.24$0.0070.1%6.5%4.8%29.6%0.0%5.3%-0.5%0000.00140.50N/AN/A0000
2024-05-14$22.23$0.0080.9%6.4%4.8%36.4%0.0%1.5%-1.2%0000.00139.22N/AN/A0000
2024-05-15$22.22$0.0023.2%6.7%4.2%0.2%0.0%1.6%-1.0%0000.00140.35N/AN/A0000
2024-05-16$22.21$0.0023.1%6.6%4.1%0.1%0.0%2.3%45.6%0000.00139.39N/AN/A0000
2024-05-17$22.13$0.0023.5%6.7%3.3%0.4%0.0%2.3%-0.0%0000.00139.49N/AN/A0000
2024-05-20$21.98$0.0025.0%7.2%4.2%1.3%0.0%6.2%-3.8%0000.00139.17N/AN/A0000
2024-05-21$21.99$0.0025.4%7.3%3.9%1.6%0.0%6.2%-4.0%0000.00139.16N/AN/A0000
2024-05-22$21.96$0.0024.9%7.1%3.9%1.2%0.0%2.3%-3.1%0000.00138.72N/AN/A0000
2024-05-23$21.92$0.0024.8%7.1%4.0%1.2%0.0%2.9%-3.4%0000.00139.31N/AN/A0000
2024-05-24$22.02$0.0017.9%5.1%4.2%0.0%0.0%1.3%-3.4%0000.00138.52N/AN/A0800
2024-05-28$22.01$0.0019.4%5.6%4.2%0.9%0.0%1.1%-4.6%-7596.1K-430.00138.91N/AN/A0008
2024-05-29$21.96$0.0019.8%5.7%4.1%1.2%0.0%0.5%-6.0%-7326.3K-450.00139.10N/AN/A0008
2024-05-30$21.89$0.0020.3%5.8%4.2%1.4%0.0%-0.5%-6.7%-6446.7K-460.00138.74N/AN/A0008
2024-05-31$21.95$0.0029.7%8.5%4.3%7.2%0.0%2.9%-6.9%-7466.3K-440.00138.55N/AN/A0008