PBP Options History — September 2025

In September 2025, PBP traded between $21.86 and $22.23. ATM implied volatility averaged 17.8%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 11.9% (HV 20d: 6.0%). Max pain ranged from $19.00 to $22.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-09-24: Highest Volume — 3 contracts
  • 2025-09-10: Largest IV spike — 173.2% change
  • 2025-09-23: Highest IV Rank — 21.2%
  • 2025-09-23: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.10$21.86$22.23$21.86$22.14
Max Pain$21.00$19.00$22.00$19.00$22.00
ATM IV17.8%8.1%29.4%8.5%9.0%
Expected Move5.9%2.3%8.4%2.4%2.6%
HV 20d6.0%4.5%7.1%6.6%4.5%
HV 60d6.9%5.4%7.8%7.7%5.5%
IV Rank10.3%1.1%21.2%1.4%2.2%
IV Percentile22.8%4.0%55.2%4.4%6.0%
Term Structure-2.5%-15.0%17.3%16.1%15.6%
VWIV9.6%9.6%9.6%9.6%9.6%
Skew 25d1.3%-2.2%3.9%3.9%-2.2%
Skew 10d0.5%-1.1%7.1%2.3%1.3%
Call IV 25d19.0%12.6%22.2%16.0%18.6%
Put IV 25d20.2%16.2%24.2%19.9%16.4%
Bid-Ask Spread %151.79145.53154.43146.19150.65
Gamma HHI0.660.511.000.540.53
Net GEX-1.1K-1.6K-559-1.0K-1.5K
Net DEX1.7K-8536.2K2.7K5.2K
Net VEX-17-28-8-27-24
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.190300
Total OI10.9059121112

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$21.86$19.008.5%2.4%6.6%1.4%0.0%3.9%16.1%-1.0K2.7K-270.00146.19N/AN/A00110
2025-09-03$21.94$19.008.1%2.3%6.7%1.1%0.0%1.9%17.3%-9872.2K-260.00149.38N/AN/A00110
2025-09-04$22.08$0.009.0%6.8%7.0%1.8%0.0%2.8%-9.9%-1.2K507-160.00154.43N/AN/A00110
2025-09-05$22.05$0.008.6%6.9%7.0%1.5%0.0%1.8%-11.0%-1.2K679-160.00154.02N/AN/A00110
2025-09-08$22.11$0.009.6%7.1%7.0%2.3%0.0%1.3%-11.6%-1.2K340-150.00154.07N/AN/A00110
2025-09-09$22.13$0.009.2%7.2%7.0%1.9%0.0%1.5%-11.8%-1.3K162-150.00153.54N/AN/A10110
2025-09-10$22.13$0.0025.1%7.2%7.0%17.1%0.0%0.7%-12.9%-1.2K151-140.00153.47N/AN/A00110
2025-09-11$22.20$0.0025.8%7.4%7.1%17.8%0.0%1.3%-13.0%-1.1K-572-90.00153.63N/AN/A00110
2025-09-12$22.20$0.0025.7%7.4%7.1%17.7%0.0%1.5%-13.3%-967-393-90.00152.71N/AN/A00110
2025-09-15$22.20$0.0026.9%7.7%6.8%18.8%0.0%0.6%-14.3%-984-287-80.00153.05N/AN/A00110
2025-09-16$22.21$0.0027.3%7.8%5.5%19.2%0.0%0.7%-14.7%-976-389-80.00153.05N/AN/A00110
2025-09-17$22.23$0.0027.7%7.9%5.4%19.6%0.0%1.3%-15.0%-1.0K73-120.00153.39N/AN/A00110
2025-09-18$22.21$0.0027.7%7.9%5.4%19.6%0.0%1.1%-6.7%-1.0K-70-80.00152.44N/AN/A00110
2025-09-19$22.23$0.0028.7%8.2%5.2%20.5%0.0%1.4%-6.3%-865-853-110.00153.37N/AN/A00110
2025-09-22$22.06$0.0028.8%8.3%5.0%20.6%0.0%2.5%-6.8%-5592.9K-210.00152.78N/AN/A0009
2025-09-23$22.02$0.0029.4%8.4%5.0%21.2%0.0%2.0%-8.1%-5782.8K-210.00151.54N/AN/A0009
2025-09-24$22.00$0.009.6%2.8%5.0%2.7%9.6%0.8%12.9%-5782.9K-210.00145.53N/AN/A0309
2025-09-25$21.97$22.0012.2%3.5%5.0%5.1%0.0%-0.4%8.6%-1.6K6.2K-280.00150.92N/AN/A00012
2025-09-26$22.05$22.009.3%2.7%5.0%2.4%0.0%3.8%15.1%-1.6K5.5K-270.00149.69N/AN/A00012
2025-09-29$22.09$22.008.2%2.3%4.8%1.4%0.0%-1.4%16.5%-1.6K5.2K-240.00149.75N/AN/A00012
2025-09-30$22.14$22.009.0%2.6%4.5%2.2%0.0%-2.2%15.6%-1.5K5.2K-240.00150.65N/AN/A00012