BMAX Options History — March 2026

In March 2026, BMAX traded between $17.75 and $24.26. ATM implied volatility averaged 69.1%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 20.1%. IV traded below realized volatility by 55.0% (HV 20d: 124.1%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2026-03-13: Highest Volume — 1 contracts
  • 2026-03-25: Largest IV spike — 799.3% change
  • 2026-03-25: Highest IV Rank — 100.0%
  • 2026-03-26: Largest Expected Move — 78.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.55$17.75$24.26$24.26$22.93
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV69.1%23.7%273.5%56.2%32.7%
Expected Move20.1%8.5%78.4%16.1%9.4%
HV 20d124.1%94.0%151.8%133.0%147.2%
HV 60d190.2%175.9%208.3%208.3%175.9%
IV Rank16.5%0.0%100.0%10.8%1.3%
IV Percentile42.7%0.0%100.0%67.9%1.7%
Term Structure-11.9%-88.0%3.7%-9.7%3.7%
Skew 25d-2.3%-62.3%12.1%11.9%6.5%
Skew 10d-8.8%-73.8%12.0%8.3%-2.3%
Call IV 25d57.1%39.8%139.0%52.4%54.5%
Put IV 25d54.9%44.4%76.8%64.4%61.0%
Bid-Ask Spread %93.1554.36153.28153.2861.85
Gamma HHI0.690.510.800.510.80
Net GEX-2.7K-3.3K-968-2.9K-2.9K
Net DEX106.1K82.2K114.9K97.1K112.1K
Net VEX-312-351-271-335-289
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0910101
Total OI111.545111112111112

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$24.26$0.0056.2%16.1%133.0%10.8%0.0%11.9%-9.7%-2.9K97.1K-3350.00153.28N/AN/A002109
2026-03-03$22.84$0.0057.2%16.4%134.7%11.2%0.0%1.2%-16.2%-2.8K111.4K-3500.00147.52N/AN/A002109
2026-03-04$23.23$0.0058.4%16.7%134.7%11.7%0.0%4.6%-18.3%-3.0K113.1K-3250.00147.96N/AN/A002109
2026-03-05$23.88$30.0054.4%11.6%134.8%10.0%0.0%4.6%-0.6%-2.8K106.0K-3240.00140.66N/AN/A002109
2026-03-06$23.00$30.0060.0%12.4%134.6%12.4%0.0%2.6%-1.0%-2.6K113.2K-3380.00140.57N/AN/A002109
2026-03-09$23.30$30.0068.6%12.7%134.3%16.1%0.0%4.7%-1.7%-2.9K108.4K-3310.00143.04N/AN/A002109
2026-03-10$23.00$30.0064.3%12.0%133.0%14.2%0.0%3.4%-0.4%-2.7K112.4K-3360.00138.73N/AN/A002109
2026-03-11$23.00$30.0043.4%12.4%132.0%5.3%0.0%4.7%0.6%-2.9K114.9K-3150.00139.04N/AN/A002109
2026-03-12$23.00$30.0044.4%0.0%130.1%5.8%0.0%6.3%2.2%-3.2K113.4K-3100.0062.81N/AN/A002109
2026-03-13$23.00$30.0046.8%17.5%115.1%6.8%0.0%1.0%-5.0%-2.8K106.9K-3150.0074.67N/AN/A012109
2026-03-16$20.45$30.00153.3%40.9%94.0%52.1%0.0%12.1%-88.0%-2.6K82.2K-3240.0068.77N/AN/A002110
2026-03-17$23.63$30.0024.8%11.9%105.8%0.0%0.0%4.4%-0.1%-3.2K105.1K-2790.0065.68N/AN/A002110
2026-03-18$23.44$30.0030.6%13.7%105.8%0.0%0.0%3.1%-4.4%-3.0K106.4K-2960.0065.28N/AN/A002110
2026-03-19$23.56$30.0023.7%11.7%101.3%0.0%0.0%3.2%-7.4%-3.0K107.9K-2760.0054.36N/AN/A002110
2026-03-20$23.00$30.0040.8%18.6%98.8%4.3%0.0%-7.4%-20.8%-3.0K99.7K-2900.0071.67N/AN/A002110
2026-03-23$22.75$30.0028.9%14.7%98.8%0.0%0.0%-0.8%-9.9%-2.8K103.1K-2710.0062.34N/AN/A002110
2026-03-24$22.95$30.0029.6%13.4%98.8%0.0%0.0%5.6%-8.9%-3.3K110.2K-2820.0056.43N/AN/A002110
2026-03-25$17.75$30.00266.2%64.5%134.4%100.0%0.0%-61.4%-21.8%-1.0K94.3K-3510.0061.27N/AN/A002110
2026-03-26$17.75$30.00273.5%78.4%128.2%100.0%0.0%-62.3%-27.9%-96892.3K-3450.0058.23N/AN/A002110
2026-03-27$22.63$30.0029.5%8.5%151.8%0.0%0.0%-0.0%-11.1%-2.9K110.6K-2930.0064.55N/AN/A002110
2026-03-30$22.75$30.0032.7%9.4%148.8%1.3%0.0%1.9%-14.9%-2.9K112.8K-2910.0070.63N/AN/A002110
2026-03-31$22.93$30.0032.7%9.4%147.2%1.3%0.0%6.5%3.7%-2.9K112.1K-2890.0061.85N/AN/A102110