PBP Options History — August 2025

In August 2025, PBP traded between $21.73 and $22.20. ATM implied volatility averaged 23.9%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 17.8% (HV 20d: 6.2%). Max pain ranged from $19.00 to $19.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days.

Notable Days

  • 2025-08-13: Largest IV drop — 87.7% change
  • 2025-08-12: Highest IV Rank — 50.9%
  • 2025-08-01: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.99$21.73$22.20$21.80$21.95
Max Pain$19.00$19.00$19.00$19.00$19.00
ATM IV23.9%7.2%73.2%37.2%8.1%
Expected Move3.0%2.1%10.7%10.7%2.3%
HV 20d6.2%4.3%7.7%4.3%7.0%
HV 60d7.6%7.3%7.7%7.4%7.6%
IV Rank13.2%0.4%50.9%23.3%1.1%
IV Percentile34.7%1.2%96.8%77.0%3.2%
Term Structure8.9%-30.5%17.6%-30.5%16.7%
Skew 25d1.6%-5.6%8.6%0.5%-5.6%
Skew 10d1.6%-9.9%12.1%2.8%-9.9%
Call IV 25d14.2%8.5%29.9%29.9%15.3%
Put IV 25d15.8%9.7%30.4%30.4%9.8%
Bid-Ask Spread %145.75137.35151.03151.03146.59
Gamma HHI0.580.520.650.640.52
Net GEX-859-1.1K-719-719-1.0K
Net DEX2.2K9593.4K3.4K2.0K
Net VEX-29-37-20-37-26
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1111111111

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$21.80$0.0037.2%10.7%4.3%23.3%0.0%0.5%-30.5%-7193.4K-370.00151.03N/AN/A00110
2025-08-04$21.98$19.0040.2%3.3%5.3%25.7%0.0%4.5%2.4%-8582.0K-290.00149.06N/AN/A00110
2025-08-05$21.99$19.0042.2%3.0%5.3%27.2%0.0%5.2%5.3%-7662.4K-320.00144.55N/AN/A00110
2025-08-06$22.05$19.0043.5%2.8%5.3%28.1%0.0%4.0%4.6%-8082.1K-310.00150.49N/AN/A00110
2025-08-07$22.07$19.0045.1%2.9%5.3%29.4%0.0%4.8%4.7%-8171.9K-290.00148.28N/AN/A00110
2025-08-08$22.13$19.0048.1%2.8%5.4%31.7%0.0%3.3%4.9%-7722.2K-310.00149.86N/AN/A00110
2025-08-11$22.16$19.0063.5%3.0%5.4%43.5%0.0%-3.6%4.2%-7892.0K-300.00147.47N/AN/A00110
2025-08-12$22.20$19.0073.2%2.5%5.4%50.9%0.0%1.3%5.1%-8102.0K-300.00148.57N/AN/A00110
2025-08-13$22.20$19.009.0%2.6%5.4%1.8%0.0%1.3%4.5%-7621.8K-290.00148.12N/AN/A00110
2025-08-14$22.20$19.0010.0%2.9%5.4%2.6%0.0%0.9%13.3%-8031.9K-290.00145.60N/AN/A00110
2025-08-15$22.09$19.009.0%2.6%5.5%1.8%0.0%1.8%14.4%-8022.0K-290.00150.43N/AN/A00110
2025-08-18$21.86$19.008.1%2.3%6.7%1.1%0.0%-2.6%15.6%-8472.7K-320.00141.64N/AN/A00110
2025-08-19$21.81$19.007.2%2.1%6.7%0.4%0.0%-2.7%16.6%-8212.9K-320.00141.35N/AN/A00110
2025-08-20$21.80$19.007.3%2.1%6.6%0.5%0.0%-2.7%15.9%-8942.6K-300.00142.05N/AN/A00110
2025-08-21$21.73$19.007.4%2.1%6.7%0.6%0.0%8.6%16.2%-8622.9K-310.00142.70N/AN/A00110
2025-08-22$21.95$19.008.2%2.3%7.6%1.2%0.0%2.6%16.2%-9202.2K-290.00145.47N/AN/A00110
2025-08-25$21.92$19.009.8%2.8%7.6%2.4%0.0%-1.5%10.9%-8702.2K-270.00140.68N/AN/A00110
2025-08-26$21.94$19.007.2%2.1%7.6%0.4%0.0%1.7%17.6%-9902.0K-270.00137.35N/AN/A00110
2025-08-27$21.95$19.007.7%2.2%7.6%0.8%0.0%7.4%16.6%-9832.1K-270.00144.31N/AN/A00110
2025-08-28$22.04$19.0010.8%3.1%7.7%3.2%0.0%5.1%11.2%-1.1K959-200.00145.25N/AN/A00110
2025-08-29$21.95$19.008.1%2.3%7.0%1.1%0.0%-5.6%16.7%-1.0K2.0K-260.00146.59N/AN/A00110