PBP Options History — December 2024

In December 2024, PBP traded between $23.21 and $23.73. ATM implied volatility averaged 31.7%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 26.5% (HV 20d: 5.2%). Max pain ranged from $23.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days.

Notable Days

  • 2024-12-30: Highest Volume — 9 contracts
  • 2024-12-11: Largest IV drop — 41.8% change
  • 2024-12-10: Highest IV Rank — 26.5%
  • 2024-12-31: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.42$23.21$23.73$23.27$23.55
Max Pain$24.00$23.00$25.00$25.00$23.00
ATM IV31.7%25.5%43.9%33.4%35.2%
Expected Move8.2%6.9%10.1%9.6%10.1%
HV 20d5.2%1.7%7.5%7.5%7.0%
HV 60d6.4%5.9%7.0%6.4%7.0%
IV Rank16.9%12.1%26.5%18.3%19.7%
IV Percentile49.9%14.3%85.7%63.9%71.4%
Term Structure-6.1%-10.9%-3.1%-10.1%-8.8%
VWIV12.2%12.2%12.2%12.2%12.2%
Skew 25d0.9%-9.0%10.4%10.4%-5.1%
Skew 10d5.1%-6.3%26.6%15.7%2.4%
Call IV 25d24.5%17.4%34.4%29.5%27.4%
Put IV 25d25.3%17.2%42.4%39.9%22.3%
Bid-Ask Spread %158.83156.20160.89158.07156.85
Gamma HHI0.450.360.660.360.38
Net GEX7001231.3K305123
Net DEX-9.4K-14.1K-6.6K-6.6K-9.0K
Net VEX-57-84-45-67-84
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.4760900
Total OI169191819

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$23.27$25.0033.4%9.6%7.5%18.3%0.0%10.4%-10.1%305-6.6K-670.00158.07N/AN/A0099
2024-12-03$23.27$25.0034.4%9.9%7.4%19.0%0.0%9.4%-10.9%543-7.3K-630.00157.50N/AN/A0099
2024-12-04$23.29$25.0034.8%10.0%7.0%19.3%0.0%3.7%-10.4%638-7.7K-620.00157.69N/AN/A0099
2024-12-05$23.29$0.0036.6%6.9%4.3%20.8%0.0%0.7%-4.0%677-7.8K-610.00160.05N/AN/A0099
2024-12-06$23.33$0.0037.8%6.9%4.2%21.7%0.0%0.8%-3.6%740-8.3K-590.00158.90N/AN/A0099
2024-12-09$23.33$0.0043.4%7.3%4.2%26.1%0.0%1.1%-4.3%717-8.1K-580.00160.04N/AN/A0099
2024-12-10$23.33$0.0043.9%7.2%4.2%26.5%0.0%1.0%-4.6%762-8.2K-570.00160.36N/AN/A0099
2024-12-11$23.34$0.0025.5%7.3%4.2%12.1%0.0%1.7%-5.3%778-8.3K-570.00160.36N/AN/A0099
2024-12-12$23.33$0.0025.9%7.4%4.1%12.4%0.0%1.6%-5.6%732-8.2K-570.00160.00N/AN/A0099
2024-12-13$23.34$0.0026.3%7.5%4.1%12.7%0.0%1.7%-5.4%736-8.2K-560.00159.89N/AN/A0099
2024-12-16$23.37$0.0027.0%7.7%3.3%13.2%0.0%-0.2%-5.7%676-8.3K-540.00160.04N/AN/A0099
2024-12-17$23.35$0.0027.4%7.9%1.7%13.6%0.0%-0.1%-5.8%600-8.1K-550.00159.44N/AN/A0099
2024-12-18$23.21$0.0029.4%8.4%2.9%15.1%0.0%-0.3%-7.7%396-7.5K-550.00160.89N/AN/A0099
2024-12-19$23.31$0.0029.3%8.4%3.2%15.1%0.0%9.4%-5.5%601-8.1K-530.00156.20N/AN/A0099
2024-12-20$23.67$0.0026.9%7.7%6.1%13.2%0.0%5.2%-3.1%1.3K-11.7K-450.00158.30N/AN/A0099
2024-12-23$23.56$0.0029.0%8.3%6.4%14.9%0.0%-4.8%-4.6%941-12.9K-510.00157.74N/AN/A0090
2024-12-24$23.67$0.0028.0%8.0%6.6%14.1%0.0%-4.2%-5.0%1.1K-13.8K-480.00158.10N/AN/A0090
2024-12-26$23.73$0.0028.3%8.1%6.6%14.3%12.2%-4.9%-4.6%1.1K-14.1K-470.00158.84N/AN/A0190
2024-12-27$23.61$23.0030.0%8.6%6.9%15.6%0.0%-9.0%-5.5%853-12.4K-520.00158.40N/AN/A0091
2024-12-30$23.59$23.0032.4%9.3%6.9%17.5%0.0%0.6%-8.6%393-12.6K-530.00157.76N/AN/A0991
2024-12-31$23.55$23.0035.2%10.1%7.0%19.7%0.0%-5.1%-8.8%123-9.0K-840.00156.85N/AN/A00910