BB Options History — November 2018

In November 2018, BB traded between $8.59 and $9.63. ATM implied volatility averaged 43.7%, placing in the 50.2% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 6.6% (HV 20d: 37.0%). Max pain ranged from $9.50 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2018-11-21: Highest Volume — 40,788 contracts
  • 2018-11-19: Largest IV spike — 17.1% change
  • 2018-11-20: Highest IV Rank — 85.5%
  • 2018-11-20: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.04$8.59$9.63$9.52$8.84
Max Pain$9.95$9.50$10.00$9.50$10.00
ATM IV43.7%32.9%53.7%39.9%49.1%
Expected Move14.0%12.0%15.6%12.2%15.3%
HV 20d37.0%30.4%40.3%40.3%30.4%
HV 60d41.5%40.6%42.4%40.8%40.6%
IV Rank50.2%12.1%85.5%36.7%69.5%
IV Percentile62.7%11.9%95.2%51.2%88.1%
Term Structure1.4%-4.0%10.3%-0.2%-1.6%
VWIV48.8%41.8%55.4%43.3%54.8%
Skew 25d1.1%0.1%2.6%1.0%0.2%
Skew 10d3.3%-1.0%6.4%3.1%6.1%
Call IV 25d44.7%34.3%55.7%41.0%51.0%
Put IV 25d45.8%34.5%57.2%42.0%51.2%
Bid-Ask Spread %8.982.3336.815.535.24
Gamma HHI0.170.130.240.190.14
Net GEX659.4K273.1K1.2M944.4K488.2K
Net DEX17.3M-323.1K27.2M4.0M19.1M
Net VEX-691.8K-738.6K-626.4K-738.6K-736.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.303.260.350.46
Total Volume15,714.3337,88940,7889,46816,544
Total OI422,424.762406,877441,648415,625441,648

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$9.52$9.5039.9%12.2%40.3%36.7%43.3%1.0%-0.2%944.4K4.0M-738.6K0.355.536,9922,476269,778145,847
2018-11-02$9.32$9.5040.5%12.5%40.0%39.0%43.3%0.1%-0.0%759.9K10.7M-718.1K0.358.149,6783,387272,045146,183
2018-11-05$9.32$10.0040.6%13.3%40.0%39.4%47.4%1.2%-0.2%830.2K11.6M-712.7K0.414.336,5852,699268,622144,677
2018-11-06$9.40$10.0039.0%12.8%39.7%33.6%45.5%0.7%0.6%935.9K10.6M-692.4K0.323.957,0562,282270,590144,838
2018-11-07$9.63$10.0035.4%12.0%36.7%20.9%41.8%1.3%1.7%1.2M-323.1K-732.9K0.304.8910,2663,064271,416144,736
2018-11-08$9.56$10.0032.9%12.0%35.5%12.1%41.9%0.1%1.0%1.2M2.5M-719.7K0.434.265,5232,366273,565144,590
2018-11-09$9.36$10.0035.3%12.6%36.3%20.5%43.8%1.6%-0.7%764.6K10.9M-699.8K0.493.647,7903,820274,607145,258
2018-11-12$8.99$10.0038.7%13.6%38.8%32.5%47.7%0.6%8.9%537.9K26.4M-642.1K0.3836.818,7683,336268,392145,143
2018-11-13$8.97$10.0038.6%13.8%36.7%32.3%48.4%0.7%10.3%475.3K24.8M-649.5K0.359.318,6413,009269,773143,900
2018-11-14$8.86$10.0039.1%14.0%36.8%34.0%49.4%0.3%10.0%419.7K24.8M-644.2K0.415.438,9843,649272,767144,331
2018-11-15$8.82$10.0040.5%14.0%36.8%38.9%49.9%0.5%9.8%365.9K26.3M-643.7K0.504.366,3753,158275,416144,549
2018-11-16$8.99$10.0043.0%14.0%36.3%47.9%48.7%2.6%9.6%273.1K20.4M-661.9K0.372.3316,8796,308278,303144,645
2018-11-19$8.59$10.0050.4%15.0%38.9%73.9%53.5%1.7%-3.4%520.4K27.2M-626.4K0.4922.3316,0577,916267,033139,844
2018-11-20$8.66$10.0053.7%15.6%39.1%85.5%55.4%1.5%-2.3%571.3K22.8M-658.6K0.634.4813,1968,248273,238143,036
2018-11-21$8.78$10.0052.8%15.1%37.4%82.4%50.9%1.9%-2.5%729.0K19.4M-683.4K3.264.549,57231,216276,567147,472
2018-11-23$8.67$10.0052.9%15.5%37.1%82.9%52.9%1.9%-4.0%413.6K25.4M-689.6K2.657.697,12218,855278,829158,548
2018-11-26$8.93$10.0049.5%15.1%38.2%70.9%49.4%1.4%-1.9%536.3K18.3M-726.8K1.323.837,0799,377274,019156,937
2018-11-27$8.89$10.0048.6%14.9%36.4%67.8%52.0%0.2%-2.2%610.2K18.4M-723.6K1.014.174,8134,849277,012157,526
2018-11-28$8.92$10.0048.2%14.8%33.7%66.4%52.1%2.5%-1.8%615.9K20.4M-709.2K1.1121.228,8249,809277,941157,850
2018-11-29$8.84$10.0048.2%15.1%32.3%66.2%52.7%0.6%-2.1%689.4K19.4M-718.8K0.8022.177,4775,956281,072158,377
2018-11-30$8.84$10.0049.1%15.3%30.4%69.5%54.8%0.2%-1.6%488.2K19.1M-736.1K0.465.2411,3055,239282,799158,849