PBP Options History — July 2025

In July 2025, PBP traded between $21.75 and $22.05. ATM implied volatility averaged 30.7%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 22.1% (HV 20d: 8.6%). Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2025-07-09: Largest IV drop — 39.2% change
  • 2025-07-08: Highest IV Rank — 26.5%
  • 2025-07-31: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.98$21.75$22.05$21.75$22.01
ATM IV30.7%25.1%41.3%33.8%35.1%
Expected Move8.3%6.8%10.1%9.7%10.1%
HV 20d8.6%2.9%10.6%10.3%2.9%
HV 60d11.6%7.2%24.9%24.9%7.2%
IV Rank18.4%14.1%26.5%20.7%21.8%
IV Percentile49.6%18.3%82.5%64.3%70.2%
Term Structure-19.6%-26.8%-9.4%-9.4%-26.8%
Skew 25d1.5%-1.3%4.6%-1.3%1.6%
Skew 10d0.9%-1.1%6.2%2.5%1.9%
Call IV 25d22.2%18.2%27.9%27.9%27.3%
Put IV 25d23.7%20.7%28.8%26.6%28.8%
Bid-Ask Spread %152.95150.30154.43152.48151.72
Gamma HHI0.640.550.680.680.63
Net GEX-809-905-640-640-783
Net DEX2.8K2.2K4.3K4.3K2.3K
Net VEX-35-43-32-43-33
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1111111111

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$21.75$0.0033.8%9.7%10.3%20.7%0.0%-1.3%-9.4%-6404.3K-430.00152.48N/AN/A00110
2025-07-02$21.88$0.0034.8%10.0%10.5%21.5%0.0%0.3%-9.5%-7363.6K-410.00153.41N/AN/A00110
2025-07-03$21.97$0.0033.6%6.8%10.6%20.6%0.0%2.5%-16.9%-8472.9K-370.00154.43N/AN/A00110
2025-07-07$21.98$0.0039.4%7.2%10.5%25.0%0.0%3.3%-17.9%-8752.8K-350.00153.23N/AN/A00110
2025-07-08$22.00$0.0041.3%7.2%10.4%26.5%0.0%2.6%-18.2%-8442.8K-350.00154.19N/AN/A00110
2025-07-09$22.02$0.0025.1%7.2%10.4%14.1%0.0%1.9%-18.4%-8572.8K-360.00153.63N/AN/A00110
2025-07-10$22.05$0.0025.5%7.3%10.4%14.4%0.0%1.1%-18.6%-8862.5K-340.00153.74N/AN/A00110
2025-07-11$22.01$0.0025.8%7.4%10.4%14.7%0.0%1.0%-17.1%-8463.0K-360.00153.75N/AN/A00110
2025-07-14$22.03$0.0027.0%7.7%10.4%15.6%0.0%1.1%-18.0%-8862.7K-340.00153.29N/AN/A00110
2025-07-15$22.04$0.0026.9%7.7%10.3%15.5%0.0%1.1%-18.1%-8952.6K-330.00153.04N/AN/A00110
2025-07-16$22.04$0.0027.4%7.8%10.1%15.8%0.0%2.1%-17.8%-8992.5K-330.00153.63N/AN/A00110
2025-07-17$22.04$0.0027.3%7.8%10.1%15.8%0.0%1.2%-18.2%-9052.6K-330.00153.29N/AN/A00110
2025-07-18$21.95$0.0027.8%8.0%10.2%16.2%0.0%1.7%-19.7%-8113.1K-350.00152.36N/AN/A00110
2025-07-21$21.92$0.0028.9%8.3%9.9%17.0%0.0%1.1%-20.9%-6663.1K-390.00152.68N/AN/A00110
2025-07-22$21.88$0.0029.5%8.5%9.8%17.5%0.0%2.3%-23.3%-8032.7K-350.00152.67N/AN/A00110
2025-07-23$21.94$0.0028.4%8.1%9.7%16.6%0.0%1.5%-18.9%-7352.8K-350.00152.78N/AN/A00110
2025-07-24$21.95$0.0030.2%8.7%7.1%18.0%0.0%0.0%-24.2%-7852.6K-340.00152.94N/AN/A00110
2025-07-25$22.00$0.0030.3%8.7%4.2%18.1%0.0%1.3%-23.9%-7042.7K-350.00153.26N/AN/A00110
2025-07-28$22.03$0.0032.0%9.2%4.2%19.4%0.0%1.8%-24.5%-7902.2K-320.00152.09N/AN/A00110
2025-07-29$22.01$0.0032.3%9.3%4.2%19.6%0.0%4.6%-25.5%-7362.5K-340.00150.30N/AN/A00110
2025-07-30$21.98$0.0033.4%9.6%3.5%20.4%0.0%1.2%-24.6%-8692.7K-340.00152.08N/AN/A00110
2025-07-31$22.01$0.0035.1%10.1%2.9%21.8%0.0%1.6%-26.8%-7832.3K-330.00151.72N/AN/A00110