PBP Options History — May 2025

In May 2025, PBP traded between $21.29 and $21.77. ATM implied volatility averaged 35.3%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 17.7% (HV 20d: 17.6%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2025-05-29: Largest IV spike — 93.2% change
  • 2025-05-12: Highest IV Rank — 44.9%
  • 2025-05-02: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.61$21.29$21.77$21.63$21.55
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV35.3%16.0%65.4%38.8%26.7%
Expected Move7.6%4.6%11.3%11.1%7.7%
HV 20d17.6%4.7%43.7%43.7%6.3%
HV 60d27.7%27.4%27.7%27.7%27.4%
IV Rank21.9%7.1%44.9%24.6%15.3%
IV Percentile54.2%7.5%94.4%79.8%29.8%
Term Structure-4.6%-13.4%13.0%-12.6%-5.6%
Skew 25d6.6%1.3%14.8%2.6%2.8%
Skew 10d1.9%-2.6%11.7%11.7%-0.6%
Call IV 25d16.7%9.3%45.7%44.7%19.7%
Put IV 25d23.3%13.6%48.9%47.3%22.5%
Bid-Ask Spread %147.11135.67153.74151.23135.67
Gamma HHI0.380.350.400.370.39
Net GEX17676264119215
Net DEX-2.3K-3.2K-687-2.6K-1.7K
Net VEX-39-51-25-50-29
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2020202020

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$21.63$0.0038.8%11.1%43.7%24.6%0.0%2.6%-12.6%119-2.6K-500.00151.23N/AN/A001010
2025-05-02$21.68$0.0039.4%11.3%42.1%25.1%0.0%3.2%-13.4%171-2.6K-510.00151.48N/AN/A001010
2025-05-05$21.63$20.0043.6%7.5%38.1%28.3%0.0%5.8%-4.9%122-2.5K-490.00153.39N/AN/A001010
2025-05-06$21.68$20.0044.9%7.5%37.3%29.2%0.0%7.1%-5.0%144-2.8K-470.00153.53N/AN/A001010
2025-05-07$21.70$20.0048.2%7.7%36.1%31.8%0.0%7.1%-5.1%151-3.0K-470.00153.74N/AN/A001010
2025-05-08$21.72$20.0050.2%7.7%22.1%33.3%0.0%7.0%-5.3%168-3.0K-470.00153.71N/AN/A001010
2025-05-09$21.74$20.0051.5%7.5%19.7%34.3%0.0%7.7%-4.6%166-3.2K-450.00152.92N/AN/A001010
2025-05-12$21.73$20.0065.4%7.4%17.6%44.9%0.0%4.0%-5.5%182-2.9K-410.00152.17N/AN/A001010
2025-05-13$21.77$20.0058.1%6.0%16.6%39.3%0.0%4.4%-10.3%229-2.4K-400.00141.74N/AN/A001010
2025-05-14$21.76$20.0021.1%6.0%16.5%11.0%0.0%5.3%-9.6%204-2.6K-390.00141.35N/AN/A001010
2025-05-15$21.77$20.0026.4%7.6%12.5%15.1%0.0%6.2%-4.7%179-2.5K-430.00150.55N/AN/A001010
2025-05-16$21.73$20.0026.8%7.7%12.1%15.4%0.0%7.8%-4.1%134-2.8K-410.00150.21N/AN/A001010
2025-05-19$21.54$20.0027.5%7.9%7.9%16.0%0.0%6.5%-4.1%241-2.2K-410.00145.87N/AN/A001010
2025-05-20$21.50$20.0030.5%8.8%5.8%18.3%0.0%4.7%-5.1%224-2.0K-400.00148.38N/AN/A001010
2025-05-21$21.38$20.0030.8%8.8%5.8%18.4%0.0%11.4%-4.3%170-1.2K-320.00148.17N/AN/A001010
2025-05-22$21.39$20.0024.9%7.1%4.7%13.9%0.0%11.3%-3.8%114-1.5K-290.00136.06N/AN/A001010
2025-05-23$21.29$20.0022.2%6.4%4.9%11.9%0.0%1.3%-4.6%76-687-330.00146.37N/AN/A001010
2025-05-27$21.54$20.0016.9%4.8%6.5%7.8%0.0%14.8%9.7%264-2.2K-270.00138.27N/AN/A001010
2025-05-28$21.52$20.0016.0%4.6%6.4%7.1%0.0%14.0%13.0%244-2.2K-250.00136.65N/AN/A001010
2025-05-29$21.52$20.0030.8%8.8%6.4%18.5%0.0%3.8%-6.9%176-2.1K-320.00147.88N/AN/A001010
2025-05-30$21.55$20.0026.7%7.7%6.3%15.3%0.0%2.8%-5.6%215-1.7K-290.00135.67N/AN/A001010