BB Options History — May 2018

In May 2018, BB traded between $10.50 and $11.90. ATM implied volatility averaged 36.4%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 10.9% (HV 20d: 25.5%). Max pain ranged from $10.50 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.42.

Notable Days

2018-05-02: Highest Volume — 43,953 contracts
2018-05-29: Largest IV spike — 9.5% change
2018-05-29: Highest IV Rank — 48.8%
2018-05-03: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.44	$10.50	$11.90	$10.50	$11.87
Max Pain	$12.27	$10.50	$12.50	$10.50	$12.00
ATM IV	36.4%	33.1%	42.6%	33.9%	41.6%
Expected Move	9.7%	8.2%	11.2%	9.8%	9.6%
HV 20d	25.5%	20.6%	29.6%	27.4%	20.6%
HV 60d	37.5%	36.1%	38.5%	38.1%	36.3%
IV Rank	27.6%	16.3%	48.8%	19.0%	45.2%
IV Percentile	29.8%	11.0%	64.9%	15.6%	59.0%
Term Structure	1.9%	-2.5%	7.6%	0.5%	-2.2%
VWIV	34.4%	28.7%	40.2%	35.1%	35.4%
Skew 25d	0.8%	-1.3%	4.7%	0.4%	-0.1%
Skew 10d	-1.2%	-7.9%	2.9%	-3.7%	-0.3%
Call IV 25d	37.3%	31.2%	43.3%	34.5%	43.3%
Put IV 25d	38.1%	33.7%	43.6%	34.9%	43.1%
Bid-Ask Spread %	2.86	1.80	5.77	2.81	3.16
Gamma HHI	0.23	0.19	0.30	0.19	0.23
Net GEX	1.6M	560.9K	2.4M	560.9K	2.4M
Net DEX	-62.2M	-93.9M	-13.8M	-13.8M	-80.2M
Net VEX	-1.1M	-1.2M	-984.8K	-984.8K	-1.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.18	0.93	0.73	0.74
Total Volume	14,632.273	8,387	43,953	19,009	14,721
Total OI	436,208.227	411,177	448,010	411,177	442,492

Daily Data (22 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
2018-05-01	$10.50	$10.50	33.9%	9.8%	27.4%	19.0%	35.1%	0.4%	0.5%	560.9K	-13.8M	-984.8K	0.73	2.81	11,002	8,007	262,769	148,408
2018-05-02	$10.85	$10.50	36.1%	10.5%	29.5%	26.8%	37.2%	-1.3%	0.3%	1.0M	-38.2M	-1.1M	0.33	4.14	33,058	10,895	270,405	153,740
2018-05-03	$10.74	$12.50	36.3%	11.2%	29.6%	27.2%	40.2%	-0.9%	0.0%	1.3M	-33.6M	-1.1M	0.55	3.26	7,026	3,899	280,114	157,789
2018-05-04	$10.84	$12.50	35.8%	11.0%	27.9%	25.6%	38.6%	-0.6%	-0.0%	1.2M	-38.6M	-1.1M	0.81	2.88	7,527	6,100	281,746	158,054
2018-05-07	$10.99	$12.50	35.4%	11.1%	28.1%	24.4%	39.5%	-0.1%	3.4%	1.3M	-43.3M	-1.1M	0.31	2.95	7,112	2,207	275,185	152,773
2018-05-08	$11.13	$12.50	35.2%	10.7%	25.0%	23.5%	37.3%	0.5%	2.1%	1.5M	-52.0M	-1.1M	0.73	3.49	8,291	6,016	278,213	153,767
2018-05-09	$11.54	$12.50	35.2%	10.5%	25.4%	23.5%	36.9%	0.5%	1.4%	1.6M	-73.4M	-1.2M	0.18	2.97	15,483	2,806	279,484	159,365
2018-05-10	$11.87	$12.50	34.2%	10.3%	26.1%	20.2%	36.3%	0.1%	1.9%	2.0M	-93.9M	-1.2M	0.23	1.80	18,580	4,215	282,400	160,171
2018-05-11	$11.61	$12.50	33.8%	10.4%	27.4%	18.9%	36.4%	-1.2%	3.4%	1.5M	-76.1M	-1.2M	0.33	2.01	14,208	4,694	283,121	162,622
2018-05-14	$11.66	$12.50	33.3%	9.7%	27.4%	17.1%	34.0%	1.9%	7.1%	1.7M	-73.2M	-1.2M	0.22	2.31	7,852	1,710	277,908	160,894
2018-05-15	$11.66	$12.50	33.7%	9.7%	26.4%	18.5%	34.0%	2.6%	6.9%	1.7M	-72.0M	-1.2M	0.28	2.24	9,038	2,491	279,646	161,256
2018-05-16	$11.64	$12.50	33.1%	9.5%	26.4%	16.3%	33.2%	4.1%	7.3%	1.7M	-72.2M	-1.2M	0.34	2.02	6,263	2,124	282,443	162,241
2018-05-17	$11.59	$12.50	33.9%	9.3%	25.5%	19.0%	32.5%	4.7%	7.6%	1.7M	-69.3M	-1.1M	0.32	2.20	7,723	2,433	284,180	162,493
2018-05-18	$11.54	$12.50	33.7%	8.9%	25.6%	18.6%	31.2%	3.7%	7.4%	1.9M	-66.7M	-1.1M	0.22	2.50	9,156	2,042	285,291	162,719
2018-05-21	$11.52	$12.50	36.4%	8.6%	25.7%	27.6%	31.8%	-0.1%	-0.5%	1.6M	-61.5M	-1.1M	0.20	2.24	11,525	2,301	273,679	152,235
2018-05-22	$11.60	$12.50	38.3%	8.8%	23.3%	33.9%	31.2%	0.2%	-1.0%	1.9M	-63.0M	-1.1M	0.24	2.67	8,228	1,974	277,961	153,356
2018-05-23	$11.60	$12.50	39.2%	8.5%	23.3%	37.0%	30.2%	0.8%	0.1%	1.9M	-60.8M	-1.1M	0.57	3.57	5,476	3,122	279,118	154,022
2018-05-24	$11.58	$12.50	38.4%	8.2%	23.0%	34.3%	28.7%	0.1%	0.3%	1.9M	-63.5M	-1.1M	0.93	2.66	4,720	4,393	280,564	155,340
2018-05-25	$11.71	$12.50	39.0%	8.8%	22.5%	36.3%	30.5%	0.9%	0.9%	1.5M	-71.7M	-1.1M	0.21	5.77	13,585	2,912	281,055	156,149
2018-05-29	$11.72	$12.50	42.6%	9.4%	22.6%	48.8%	33.5%	0.5%	-2.5%	1.9M	-70.2M	-1.1M	0.38	2.26	7,932	3,006	279,887	154,919
2018-05-30	$11.90	$12.00	41.6%	9.0%	22.7%	45.3%	32.3%	1.0%	-2.2%	2.1M	-80.4M	-1.1M	0.37	2.92	11,732	4,325	280,835	155,772
2018-05-31	$11.87	$12.00	41.6%	9.6%	20.6%	45.2%	35.4%	-0.1%	-2.2%	2.4M	-80.2M	-1.1M	0.74	3.16	8,481	6,240	285,062	157,430