BB Options History — January 2019

In January 2019, BB traded between $6.89 and $8.12. ATM implied volatility averaged 37.4%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 5.2% (HV 20d: 42.6%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2019-01-25: Highest Volume — 20,268 contracts
2019-01-31: Largest IV drop — 7.1% change
2019-01-02: Highest IV Rank — 46.4%
2019-01-02: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.62	$6.89	$8.12	$7.09	$8.03
Max Pain	$7.62	$7.50	$10.00	$10.00	$7.50
ATM IV	37.4%	31.3%	43.8%	43.8%	31.3%
Expected Move	10.7%	9.3%	12.8%	12.8%	9.9%
HV 20d	42.6%	29.6%	50.9%	46.6%	31.2%
HV 60d	39.2%	37.7%	40.7%	39.1%	37.7%
IV Rank	25.5%	5.6%	46.4%	46.4%	5.6%
IV Percentile	32.0%	4.8%	64.7%	64.7%	4.8%
Term Structure	0.0%	-1.8%	1.6%	0.3%	0.8%
VWIV	37.5%	32.6%	45.1%	45.1%	34.3%
Skew 25d	0.5%	-11.1%	4.6%	1.9%	-0.0%
Skew 10d	-2.4%	-48.0%	11.0%	1.5%	-8.6%
Call IV 25d	38.2%	32.0%	47.2%	43.2%	32.4%
Put IV 25d	38.7%	32.4%	45.1%	45.1%	32.4%
Bid-Ask Spread %	3.01	2.06	4.34	2.39	3.73
Gamma HHI	0.25	0.17	0.38	0.22	0.26
Net GEX	602.5K	383.8K	962.5K	456.9K	962.5K
Net DEX	8.7M	-15.2M	35.2M	30.4M	-12.6M
Net VEX	-643.7K	-709.0K	-556.3K	-594.7K	-693.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.11	0.86	0.52	0.57
Total Volume	8,983.143	2,268	20,268	6,284	5,379
Total OI	404,464.905	294,991	473,265	458,932	318,083

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
2019-01-02	$7.09	$10.00	43.8%	12.8%	46.6%	46.4%	45.1%	1.9%	0.3%	456.9K	30.4M	-594.7K	0.52	2.39	4,124	2,160	309,525	149,407
2019-01-03	$6.89	$7.50	43.3%	12.7%	45.6%	44.9%	44.4%	1.5%	0.3%	386.2K	35.2M	-556.3K	0.58	3.05	3,487	2,032	311,080	149,921
2019-01-04	$7.21	$7.50	43.3%	12.1%	49.6%	44.7%	42.0%	1.3%	0.8%	383.8K	26.2M	-576.7K	0.60	2.95	7,406	4,451	312,582	146,130
2019-01-07	$7.41	$7.50	43.0%	12.4%	50.9%	43.8%	43.2%	0.2%	-0.4%	479.4K	21.1M	-618.5K	0.62	2.37	2,618	1,619	309,499	144,791
2019-01-08	$7.39	$7.50	42.1%	12.5%	50.9%	41.1%	43.7%	0.1%	1.6%	529.7K	20.0M	-624.4K	0.13	4.34	9,253	1,197	311,735	145,772
2019-01-09	$7.45	$7.50	41.4%	11.2%	50.0%	38.8%	39.2%	0.3%	-1.8%	564.8K	20.1M	-612.5K	0.63	3.75	5,571	3,494	314,518	146,118
2019-01-10	$7.54	$7.50	40.3%	11.5%	50.3%	35.2%	40.0%	0.8%	-0.7%	664.8K	16.8M	-628.0K	0.86	3.21	3,473	2,983	316,023	147,963
2019-01-11	$7.59	$7.50	37.6%	10.9%	49.8%	26.3%	38.0%	1.1%	0.4%	469.4K	14.4M	-644.3K	0.47	3.49	9,443	4,423	317,273	148,647
2019-01-14	$7.49	$7.50	36.8%	10.4%	47.8%	23.4%	36.4%	-7.2%	0.4%	537.2K	18.4M	-617.5K	0.55	2.59	2,338	1,289	314,502	148,696
2019-01-15	$7.53	$7.50	34.6%	9.9%	47.6%	16.3%	34.5%	4.6%	1.0%	567.3K	19.3M	-615.8K	0.40	3.72	4,741	1,900	315,537	149,534
2019-01-16	$7.62	$7.50	36.5%	10.5%	47.3%	22.7%	36.5%	4.5%	-0.7%	609.2K	14.0M	-644.5K	0.52	2.08	9,535	4,975	317,703	149,697
2019-01-17	$7.66	$7.50	35.5%	10.2%	47.3%	19.4%	35.6%	3.8%	-0.8%	639.3K	15.8M	-633.7K	0.34	3.69	9,175	3,146	320,201	151,243
2019-01-18	$7.85	$7.50	33.8%	9.7%	47.5%	13.8%	33.7%	-11.1%	-0.0%	472.5K	11.7M	-675.1K	0.34	4.26	14,372	4,958	321,080	152,185
2019-01-22	$7.61	$7.50	36.1%	10.5%	48.1%	21.3%	36.5%	1.0%	-0.4%	581.0K	-2.5M	-641.1K	0.11	3.34	8,260	899	187,531	107,460
2019-01-23	$7.71	$7.50	36.6%	10.4%	32.9%	22.9%	35.7%	2.5%	-0.5%	617.0K	-5.5M	-664.5K	0.17	2.76	6,664	1,122	192,801	108,174
2019-01-24	$7.77	$7.50	34.4%	9.9%	29.6%	15.9%	35.3%	1.1%	-0.1%	677.3K	-7.2M	-670.1K	0.51	2.60	4,649	2,385	197,881	109,034
2019-01-25	$8.07	$7.50	32.4%	9.3%	30.1%	9.1%	32.6%	1.1%	0.6%	617.7K	-14.7M	-698.7K	0.22	2.18	16,586	3,682	199,977	109,829
2019-01-28	$8.03	$7.50	34.2%	9.6%	30.3%	15.0%	34.2%	1.0%	-0.1%	782.1K	-12.3M	-709.0K	0.37	2.28	1,661	607	200,442	111,462
2019-01-29	$7.96	$7.50	34.3%	9.7%	30.5%	15.4%	34.0%	1.0%	0.4%	795.5K	-9.8M	-690.1K	0.39	2.06	3,409	1,331	202,364	112,133
2019-01-30	$8.12	$7.50	33.7%	9.5%	30.8%	13.5%	33.1%	0.8%	-0.2%	858.7K	-15.2M	-708.0K	0.29	2.30	6,068	1,781	202,780	112,450
2019-01-31	$8.03	$7.50	31.3%	9.9%	31.2%	5.6%	34.3%	-0.0%	0.8%	962.5K	-12.6M	-693.8K	0.57	3.73	3,433	1,946	204,991	113,092