PBP Options History — November 2025

In November 2025, PBP traded between $22.44 and $22.82. ATM implied volatility averaged 34.0%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 28.1% (HV 20d: 5.9%). Max pain ranged from $20.00 to $27.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-11-20: Highest Volume — 40 contracts
  • 2025-11-14: Largest IV spike — 250.7% change
  • 2025-11-14: Highest IV Rank — 77.6%
  • 2025-11-14: Largest Expected Move — 25.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.62$22.44$22.82$22.58$22.82
Max Pain$21.11$20.00$27.00$27.00$20.00
ATM IV34.0%23.4%90.1%32.6%29.5%
Expected Move8.9%6.7%25.8%9.3%8.5%
HV 20d5.9%3.9%8.2%8.1%6.5%
HV 60d6.3%5.8%6.5%6.5%6.3%
IV Rank25.4%15.5%77.6%24.1%21.3%
IV Percentile57.5%19.8%99.2%68.3%56.3%
Term Structure-10.3%-76.9%7.5%-9.2%-6.0%
Skew 25d6.0%0.5%50.8%5.3%3.4%
Skew 10d8.8%0.7%84.2%2.7%2.2%
Call IV 25d28.7%20.4%75.9%27.8%22.6%
Put IV 25d34.7%23.8%126.7%33.1%26.0%
Bid-Ask Spread %152.97149.57181.05149.90152.11
Gamma HHI0.960.821.000.941.00
Net GEX-359-444-237-371-252
Net DEX1.3K5485.0K1.2K1.0K
Net VEX-8-22-3-8-5
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.10504000
Total OI9.789910109

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$22.58$27.0032.6%9.3%8.1%24.1%0.0%5.3%-9.2%-3711.2K-80.00149.90N/AN/A0019
2025-11-04$22.56$27.0032.9%9.4%8.1%24.4%0.0%2.8%-8.7%-3811.4K-100.00150.22N/AN/A0019
2025-11-05$22.62$27.0033.9%9.7%8.1%25.3%0.0%3.7%-9.1%-3972.2K-130.00150.17N/AN/A0019
2025-11-06$22.54$20.0035.6%7.1%8.2%26.9%0.0%3.4%-7.7%-3851.2K-80.00152.48N/AN/A0019
2025-11-07$22.52$20.0036.9%7.2%5.9%28.1%0.0%1.5%-7.1%-3981.5K-90.00151.78N/AN/A0019
2025-11-10$22.63$20.0040.9%7.0%5.3%31.8%0.0%3.8%-7.5%-369921-60.00153.36N/AN/A0019
2025-11-11$22.65$20.0042.1%7.2%5.3%32.9%0.0%3.2%-7.7%-366850-50.00153.55N/AN/A0019
2025-11-12$22.66$20.0024.9%7.2%5.2%17.0%0.0%3.9%-8.0%-369820-50.00153.40N/AN/A0019
2025-11-13$22.59$20.0025.7%7.4%5.2%17.7%0.0%2.5%-8.5%-386875-60.00152.01N/AN/A0019
2025-11-14$22.63$20.0090.1%25.8%3.9%77.6%0.0%50.8%-76.9%-2375.0K-220.00181.05N/AN/A0019
2025-11-17$22.55$20.0027.7%7.9%4.0%19.5%0.0%2.2%-8.0%-407962-60.00151.55N/AN/A0019
2025-11-18$22.54$20.0028.1%8.1%4.0%19.9%0.0%4.1%-8.0%-4111.1K-60.00150.43N/AN/A0019
2025-11-19$22.59$20.0028.1%8.1%3.9%19.9%0.0%5.2%-8.7%-405931-50.00150.65N/AN/A0019
2025-11-20$22.44$20.0023.4%6.7%4.3%15.5%0.0%0.5%7.5%-4441.2K-70.00149.57N/AN/A40019
2025-11-21$22.74$20.0028.1%8.1%6.4%20.0%0.0%1.9%-5.7%-390548-30.00152.07N/AN/A0019
2025-11-24$22.67$20.0028.2%8.1%6.4%20.1%0.0%6.8%-5.0%-3001.4K-70.00150.37N/AN/A0009
2025-11-25$22.73$20.0028.3%8.1%6.5%20.1%0.0%5.7%-5.2%-2831.2K-70.00150.47N/AN/A0009
2025-11-26$22.81$20.0028.8%8.3%6.6%20.6%0.0%4.1%-6.4%-2641.1K-60.00151.29N/AN/A0009
2025-11-28$22.82$20.0029.5%8.5%6.5%21.3%0.0%3.4%-6.0%-2521.0K-50.00152.11N/AN/A0009