PBP Options History — January 2026

In January 2026, PBP traded between $22.48 and $23.24. ATM implied volatility averaged 36.6%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 28.4% (HV 20d: 8.2%). Max pain ranged from $20.72 to $20.72. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 3 of 20 days.

Notable Days

  • 2026-01-05: Highest Volume — 1 contracts
  • 2026-01-05: Largest IV spike — 84.0% change
  • 2026-01-13: Highest IV Rank — 61.2%
  • 2026-01-30: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.88$22.48$23.24$22.86$22.84
Max Pain$20.72$20.72$20.72$20.72$20.72
ATM IV36.6%22.3%72.5%22.3%32.6%
Expected Move7.5%4.5%9.4%6.4%9.4%
HV 20d8.2%5.3%11.3%5.3%10.6%
HV 60d6.8%5.5%7.7%6.6%7.7%
IV Rank27.8%14.5%61.2%14.5%24.0%
IV Percentile60.8%17.5%97.2%17.5%67.1%
Term Structure-1.5%-11.0%18.0%-11.0%-6.3%
Skew 25d6.0%-2.5%13.3%-2.5%2.6%
Skew 10d5.4%1.8%15.7%3.4%2.6%
Call IV 25d22.0%16.2%27.0%25.1%23.5%
Put IV 25d28.0%22.4%35.1%22.6%26.1%
Bid-Ask Spread %155.68153.01158.68153.94153.65
Gamma HHI0.950.621.001.001.00
Net GEX126-85393286-80
Net DEX-8.8K-17.6K844-17.5K803
Net VEX-5-11-2-3-5
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.050100
Total OI5.31981

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$22.86$20.7222.3%6.4%5.3%14.5%0.0%-2.5%-11.0%286-17.5K-30.00153.94N/AN/A0080
2026-01-05$22.90$0.0041.0%7.2%5.4%31.9%0.0%13.3%-1.6%384-16.7K-50.00157.76N/AN/A0180
2026-01-06$22.92$0.0043.8%4.7%5.4%34.6%0.0%5.8%16.3%312-15.6K-110.00158.68N/AN/A0081
2026-01-07$22.92$0.0046.2%4.5%5.4%36.8%0.0%5.3%18.0%309-15.7K-100.00157.88N/AN/A0081
2026-01-08$22.91$0.0047.2%7.4%5.4%37.7%0.0%7.7%-1.4%393-16.5K-50.00158.06N/AN/A0081
2026-01-09$22.97$0.0050.3%7.4%5.3%40.6%0.0%9.8%-2.0%379-16.6K-40.00158.06N/AN/A0081
2026-01-12$22.95$0.0065.3%7.7%5.3%54.5%0.0%9.9%-2.7%383-16.6K-30.00157.22N/AN/A0081
2026-01-13$23.24$0.0072.5%6.6%6.9%61.2%0.0%6.8%2.1%296-17.4K-20.00157.06N/AN/A0081
2026-01-14$22.99$0.0027.2%7.8%8.0%19.1%0.0%10.4%-2.8%355-17.0K-20.00156.76N/AN/A0081
2026-01-15$23.00$0.0027.1%7.8%8.0%19.0%0.0%10.4%-3.0%222-16.5K-60.00155.59N/AN/A0081
2026-01-16$22.96$0.0026.6%7.6%8.0%18.6%0.0%8.6%-2.4%-85-17.6K-50.00155.09N/AN/A0081
2026-01-20$22.48$0.0023.3%6.7%11.0%15.4%0.0%5.0%-3.7%-76789-50.00154.28N/AN/A0001
2026-01-21$22.66$0.0027.5%7.9%11.3%19.3%0.0%8.1%-3.0%-85844-50.00154.29N/AN/A0001
2026-01-22$22.76$0.0028.3%8.1%10.6%20.2%0.0%2.0%-3.5%-84815-50.00155.27N/AN/A0001
2026-01-23$22.80$0.0028.8%8.3%10.6%20.6%0.0%2.8%-3.7%-75831-50.00154.55N/AN/A0001
2026-01-26$22.85$0.0029.4%8.4%10.6%21.1%0.0%3.7%-4.5%-80799-50.00154.53N/AN/A0001
2026-01-27$22.89$0.0029.9%8.6%10.6%21.6%0.0%3.6%-4.7%-78796-50.00153.85N/AN/A0001
2026-01-28$22.89$0.0031.1%8.9%10.6%22.7%0.0%3.3%-5.5%-78796-50.00154.16N/AN/A0001
2026-01-29$22.84$0.0031.3%9.0%10.6%22.8%0.0%2.7%-5.8%-78810-50.00153.01N/AN/A0001
2026-01-30$22.84$0.0032.6%9.4%10.6%24.0%0.0%2.6%-6.3%-80803-50.00153.65N/AN/A0001