BB Options History — March 2019

In March 2019, BB traded between $8.72 and $10.06. ATM implied volatility averaged 45.7%, placing in the 52.6% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 19.1% (HV 20d: 26.6%). 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 4 of 21 days. Put/call ratio averaged 0.23.

Notable Days

  • 2019-03-29: Highest Volume — 135,327 contracts
  • 2019-03-29: Largest IV drop — 27.7% change
  • 2019-03-28: Highest IV Rank — 71.7%
  • 2019-03-28: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.16$8.72$10.06$8.77$10.06
Max Pain$8.81$7.50$10.00$7.50$10.00
ATM IV45.7%37.2%51.5%41.1%37.2%
Expected Move11.6%8.8%14.1%8.8%10.8%
HV 20d26.6%22.0%52.3%23.2%52.3%
HV 60d32.9%26.9%37.0%36.6%37.0%
IV Rank52.6%25.0%71.7%37.7%25.0%
IV Percentile75.3%40.1%94.0%57.5%40.1%
Term Structure-1.4%-4.1%2.2%-1.2%-0.7%
VWIV41.9%30.7%50.8%30.8%39.3%
Skew 25d-1.9%-5.8%3.4%-1.9%-5.8%
Skew 10d-7.9%-60.6%0.1%-3.9%-60.6%
Call IV 25d48.8%43.4%56.7%44.9%44.1%
Put IV 25d46.9%38.3%53.8%42.9%38.3%
Bid-Ask Spread %3.552.1411.022.442.51
Gamma HHI0.300.220.570.270.57
Net GEX1.6M923.6K4.4M923.6K4.4M
Net DEX-43.6M-99.2M-24.1M-30.2M-99.2M
Net VEX-821.6K-941.0K-730.0K-745.5K-941.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.110.380.110.21
Total Volume21,608.4764,470135,32714,494135,327
Total OI357,950.19341,887387,876343,596387,876

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$8.77$7.5041.1%8.8%23.2%37.7%30.8%-1.9%-1.2%923.6K-30.2M-745.5K0.112.4413,0861,408224,874118,722
2019-03-04$8.72$7.5042.0%9.2%23.4%40.7%34.8%0.0%-0.7%1.1M-24.1M-730.0K0.172.986,5021,114224,394117,493
2019-03-05$8.72$7.5041.9%9.1%23.0%40.4%30.7%-0.2%-2.7%1.0M-24.6M-731.9K0.182.323,793677225,676118,067
2019-03-06$9.12$7.5045.5%11.5%27.1%52.2%43.0%-1.7%-0.9%1.5M-43.9M-783.7K0.323.0823,0137,253226,488118,230
2019-03-07$9.03$7.5045.9%11.3%27.4%53.5%40.0%-0.1%-2.7%1.2M-38.0M-794.9K0.382.9813,5425,180231,514124,130
2019-03-08$9.20$7.5044.5%10.8%25.9%48.9%39.2%-0.6%-4.1%1.5M-47.0M-818.1K0.313.129,6853,040234,593124,728
2019-03-11$9.27$7.5043.4%10.7%25.7%45.2%38.1%-0.3%0.0%1.7M-47.9M-816.2K0.195.0117,9383,450232,913121,056
2019-03-12$9.47$7.5043.4%11.0%25.9%45.1%38.3%-1.3%-0.1%2.0M-55.8M-836.5K0.133.6222,2122,839237,705122,525
2019-03-13$9.45$7.5044.7%11.4%25.6%49.5%41.8%-1.3%2.2%2.1M-57.4M-849.9K0.152.8419,9172,893244,227122,924
2019-03-14$9.36$7.5048.2%12.5%26.1%61.0%43.8%-2.6%0.5%1.9M-52.4M-861.5K0.143.1816,8472,292249,415123,512
2019-03-15$9.39$10.0045.8%11.6%26.1%53.2%43.5%3.4%0.9%1.6M-54.7M-863.9K0.2311.0218,7874,332254,985124,103
2019-03-18$9.41$10.0046.6%11.8%25.6%55.6%41.2%-3.3%-3.3%1.7M-50.3M-860.2K0.242.145,6671,377227,694116,394
2019-03-19$9.34$10.0044.2%11.3%25.8%47.9%39.4%-2.0%-0.7%1.7M-44.4M-837.3K0.262.507,6691,974230,007117,068
2019-03-20$9.39$10.0044.9%11.6%23.0%50.1%44.3%-1.3%-1.7%1.8M-48.3M-866.1K0.233.326,2631,458233,099117,954
2019-03-21$9.38$10.0048.1%12.2%22.0%60.6%50.8%-3.4%-3.7%1.9M-48.9M-866.1K0.172.677,9851,383235,571118,488
2019-03-22$9.05$10.0047.6%12.3%25.4%59.0%49.2%-2.9%-3.1%1.4M-35.6M-830.0K0.203.7718,6553,676240,691119,087
2019-03-25$8.84$10.0051.0%13.5%26.4%70.0%47.2%-5.2%-1.6%1.2M-27.7M-817.4K0.283.7912,1743,453236,952116,278
2019-03-26$8.82$10.0050.8%13.5%26.0%69.3%47.1%-4.1%-3.1%1.2M-27.5M-790.3K0.242.807,0311,685242,601118,078
2019-03-27$8.77$10.0050.5%13.7%26.1%68.4%47.5%-3.4%-1.1%1.2M-25.5M-791.7K0.313.418,0042,470246,693118,878
2019-03-28$8.85$10.0051.5%14.1%26.3%71.7%49.1%-2.9%-0.4%1.4M-31.7M-820.5K0.305.0021,3086,419251,003120,268
2019-03-29$10.06$10.0037.2%10.8%52.3%25.0%39.3%-5.8%-0.7%4.4M-99.2M-941.0K0.212.51111,71723,610263,580124,296