PBP Options History — February 2025

In February 2025, PBP traded between $23.16 and $24.11. ATM implied volatility averaged 25.9%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 19.5% (HV 20d: 6.4%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-02-07: Highest Volume — 3 contracts
  • 2025-02-28: Largest IV spike — 276.2% change
  • 2025-02-28: Highest IV Rank — 82.3%
  • 2025-02-28: Largest Expected Move — 32.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.81$23.16$24.11$23.76$23.32
Max Pain$25.65$24.00$26.00$24.00$26.00
ATM IV25.9%9.4%114.3%14.0%114.3%
Expected Move7.9%2.8%32.8%4.0%32.8%
HV 20d6.4%4.3%8.5%7.6%8.5%
HV 60d6.7%6.1%7.7%7.3%7.7%
IV Rank14.7%2.1%82.3%5.6%82.3%
IV Percentile23.0%1.2%99.6%5.2%99.6%
Term Structure-4.5%-35.9%14.4%6.5%-35.9%
VWIV22.3%12.9%31.7%12.9%31.7%
Skew 25d2.7%-6.1%21.4%2.3%21.4%
Skew 10d6.1%-2.7%70.9%2.3%70.9%
Call IV 25d27.5%16.2%141.2%20.6%141.2%
Put IV 25d30.2%16.8%162.6%22.9%162.6%
Bid-Ask Spread %156.29149.54179.78153.92179.78
Gamma HHI0.410.320.510.400.35
Net GEX-117-1.9K1.2K560-122
Net DEX-6.8K-10.9K-886-10.7K-5.5K
Net VEX-46-61-35-46-61
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.4210310
Total OI23.31621252122

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$23.76$24.0014.0%4.0%7.6%5.6%12.9%2.3%6.5%560-10.7K-460.00153.92N/AN/A01912
2025-02-04$23.84$24.0013.9%4.0%7.3%5.5%0.0%-0.4%6.9%256-10.1K-460.00155.04N/AN/A00913
2025-02-05$23.90$24.009.9%2.8%7.2%2.5%0.0%2.6%14.4%-151-10.5K-460.00156.37N/AN/A00913
2025-02-06$23.94$0.009.6%6.2%7.0%2.3%0.0%1.1%-4.2%-256-10.9K-450.00157.44N/AN/A00913
2025-02-07$23.88$0.0016.0%6.0%7.0%7.1%31.7%1.0%-3.5%223-10.2K-460.00156.59N/AN/A03913
2025-02-10$23.96$26.0018.8%6.3%6.6%9.3%0.0%1.1%-4.2%39-5.0K-480.00157.20N/AN/A00916
2025-02-11$24.00$26.009.4%6.5%6.5%2.1%0.0%1.0%-5.2%-1.7K-3.9K-560.00157.55N/AN/A00916
2025-02-12$23.98$26.0023.1%6.6%6.6%12.5%0.0%1.4%-4.5%-1.3K-4.2K-500.00157.19N/AN/A00916
2025-02-13$24.04$26.0023.4%6.7%4.7%12.8%0.0%4.2%-4.9%-1.4K-5.0K-490.00157.44N/AN/A00916
2025-02-14$24.08$26.0023.2%6.7%4.7%12.7%0.0%0.3%-5.3%-120-4.8K-490.00158.08N/AN/A00916
2025-02-18$24.09$26.0024.7%7.1%4.7%13.8%0.0%0.2%-5.5%-36-6.5K-350.00157.12N/AN/A00916
2025-02-19$24.11$26.0024.6%7.1%4.3%13.7%0.0%0.3%-6.6%-131-5.3K-440.00157.65N/AN/A00916
2025-02-20$24.11$26.0024.6%7.0%4.3%13.7%0.0%0.5%-4.5%5-5.2K-420.00156.38N/AN/A00916
2025-02-21$23.82$26.0026.0%7.4%6.2%14.8%0.0%1.8%-5.7%-1.9K-886-420.00151.19N/AN/A03916
2025-02-24$23.57$26.0027.0%7.7%7.3%15.6%0.0%-6.1%-5.2%469-6.3K-470.00150.54N/AN/A10912
2025-02-25$23.45$26.0029.7%8.5%7.0%17.6%0.0%4.0%-6.2%1.1K-8.9K-420.00149.95N/AN/A001012
2025-02-26$23.47$26.0030.3%8.7%6.7%18.1%0.0%6.6%-5.7%940-8.9K-430.00149.54N/AN/A001012
2025-02-27$23.16$26.0030.4%8.7%8.0%18.1%0.0%7.9%-6.8%1.2K-7.5K-420.00150.55N/AN/A001012
2025-02-28$23.32$26.00114.3%32.8%8.5%82.3%0.0%21.4%-35.9%-122-5.5K-610.00179.78N/AN/A001012