BB Options History — April 2018

In April 2018, BB traded between $10.18 and $10.80. ATM implied volatility averaged 38.8%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 9.0% (HV 20d: 47.8%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.73.

Notable Days

2018-04-04: Highest Volume — 36,610 contracts
2018-04-27: Largest IV drop — 9.5% change
2018-04-24: Highest IV Rank — 38.3%
2018-04-02: Largest Expected Move — 14.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.52	$10.18	$10.80	$10.69	$10.50
Max Pain	$11.76	$10.00	$12.50	$12.50	$10.50
ATM IV	38.8%	32.8%	47.2%	47.2%	33.1%
Expected Move	11.3%	9.5%	14.1%	14.1%	9.5%
HV 20d	47.8%	28.8%	52.7%	50.0%	28.8%
HV 60d	40.0%	38.8%	41.3%	41.2%	38.8%
IV Rank	28.5%	15.4%	38.3%	29.2%	16.6%
IV Percentile	27.4%	11.3%	40.0%	26.2%	11.9%
Term Structure	-0.3%	-1.9%	2.8%	2.8%	0.7%
VWIV	40.3%	34.1%	52.2%	52.2%	34.3%
Skew 25d	-0.6%	-5.5%	4.5%	4.5%	0.1%
Skew 10d	1.1%	-8.8%	39.4%	-3.8%	-8.8%
Call IV 25d	41.1%	34.3%	49.4%	49.4%	34.3%
Put IV 25d	40.5%	34.4%	53.9%	53.9%	34.4%
Bid-Ask Spread %	3.04	1.82	4.54	4.54	2.78
Gamma HHI	0.21	0.17	0.45	0.19	0.20
Net GEX	988.3K	-564.2K	2.6M	1.2M	516.4K
Net DEX	-14.6M	-26.4M	-1.9M	-26.4M	-13.1M
Net VEX	-1.0M	-1.1M	-960.7K	-1.0M	-984.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.22	1.94	0.61	0.53
Total Volume	17,459.429	10,073	36,610	30,200	10,073
Total OI	426,415.381	403,016	457,407	403,016	408,008

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-04-02	$10.69	$12.50	47.2%	14.1%	50.0%	0.0%	52.2%	4.5%	2.8%	1.2M	-26.4M	-1.0M	0.61	4.54	18,758	11,442	280,362	122,654
2018-04-03	$10.43	$12.50	46.0%	13.5%	50.2%	0.0%	48.9%	1.7%	-1.6%	980.5K	-9.2M	-988.8K	0.35	3.58	16,885	5,977	284,789	130,222
2018-04-04	$10.54	$12.50	44.1%	13.2%	50.5%	0.0%	46.8%	1.0%	-1.3%	1.2M	-14.8M	-1.0M	0.22	4.38	30,120	6,490	290,827	132,207
2018-04-05	$10.45	$12.50	41.0%	12.0%	50.3%	0.0%	42.6%	-0.6%	-0.7%	1.3M	-10.6M	-992.6K	0.49	2.45	11,825	5,761	291,935	134,073
2018-04-06	$10.18	$12.50	43.6%	12.3%	48.6%	0.0%	43.5%	-0.1%	-1.0%	957.2K	-1.9M	-960.7K	0.35	3.67	11,601	4,056	298,216	135,893
2018-04-09	$10.24	$10.00	41.3%	11.7%	48.8%	0.0%	41.0%	0.7%	-0.7%	1.1M	-5.2M	-965.1K	0.23	1.86	9,504	2,146	280,866	133,751
2018-04-10	$10.65	$10.00	39.6%	11.6%	52.0%	0.0%	40.6%	0.0%	1.2%	1.3M	-23.1M	-1.0M	1.07	3.18	10,319	11,049	284,441	134,117
2018-04-11	$10.37	$12.50	38.1%	10.9%	52.2%	0.0%	39.1%	-0.4%	0.4%	1.3M	-8.9M	-994.0K	1.94	1.82	6,333	12,307	287,904	141,749
2018-04-12	$10.59	$12.50	37.4%	11.0%	52.7%	0.0%	38.7%	0.1%	1.0%	1.6M	-20.3M	-1.1M	1.40	1.85	6,649	9,304	288,681	144,658
2018-04-13	$10.49	$12.50	36.0%	10.3%	50.1%	0.0%	36.0%	-0.9%	-0.1%	2.6M	-12.0M	-1.0M	1.00	3.13	9,601	9,604	290,130	147,241
2018-04-16	$10.52	$12.50	35.4%	10.1%	50.3%	0.0%	39.1%	-5.5%	0.9%	1.1M	-12.3M	-1.0M	0.85	2.34	7,726	6,538	284,395	147,384
2018-04-17	$10.79	$12.50	35.1%	10.1%	51.7%	0.0%	35.5%	-1.8%	-1.8%	1.1M	-23.6M	-1.1M	0.81	3.92	8,756	7,083	286,776	147,989
2018-04-18	$10.80	$12.50	36.9%	10.6%	50.1%	29.2%	37.8%	-3.0%	-1.7%	1.1M	-24.7M	-1.1M	0.98	2.81	11,639	11,399	288,319	154,277
2018-04-19	$10.62	$12.50	37.6%	10.9%	49.8%	31.8%	38.8%	-3.9%	-1.9%	1.2M	-14.4M	-1.0M	0.69	3.17	7,193	4,932	295,543	158,562
2018-04-20	$10.61	$12.50	38.2%	11.0%	49.6%	33.6%	41.1%	-4.0%	-0.9%	593.8K	-16.2M	-1.0M	0.65	2.79	8,752	5,679	297,692	159,715
2018-04-23	$10.62	$12.50	36.8%	10.4%	49.1%	28.9%	36.4%	0.2%	-0.4%	668.4K	-21.9M	-1.0M	0.72	2.56	9,641	6,914	261,435	147,851
2018-04-24	$10.36	$10.00	39.5%	11.3%	44.8%	38.3%	40.8%	0.3%	-1.1%	615.7K	-10.9M	-1.0M	0.69	3.58	7,374	5,074	266,956	150,682
2018-04-25	$10.36	$10.50	38.7%	11.4%	42.4%	35.5%	40.7%	-0.4%	-0.1%	500.5K	-9.6M	-1.0M	0.71	3.14	6,536	4,647	267,549	152,057
2018-04-26	$10.55	$10.50	36.2%	10.7%	43.4%	27.0%	38.2%	0.1%	-0.3%	505.7K	-18.8M	-1.0M	0.62	3.01	7,779	4,834	268,482	152,644
2018-04-27	$10.46	$10.50	32.8%	9.7%	38.4%	15.4%	34.1%	0.0%	-0.6%	-564.2K	-9.0M	-1.0M	0.46	3.29	9,807	4,541	270,181	153,510
2018-04-30	$10.50	$10.50	33.1%	9.5%	28.8%	16.6%	34.3%	0.1%	0.7%	516.4K	-13.1M	-984.7K	0.53	2.78	6,594	3,479	260,785	147,223