BB Options History — April 2019

In April 2019, BB traded between $8.93 and $9.61. ATM implied volatility averaged 33.4%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 16.7% (HV 20d: 50.0%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2019-04-01: Highest Volume — 47,606 contracts
  • 2019-04-25: Largest IV spike — 22.6% change
  • 2019-04-01: Highest IV Rank — 30.9%
  • 2019-04-01: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.29$8.93$9.61$9.61$9.18
Max Pain$9.83$9.00$10.00$10.00$9.00
ATM IV33.4%30.1%39.0%39.0%34.7%
Expected Move9.7%8.8%11.1%11.1%10.0%
HV 20d50.0%17.5%55.4%55.4%17.5%
HV 60d36.6%35.5%37.9%37.9%35.9%
IV Rank12.3%1.7%30.9%30.9%16.7%
IV Percentile18.5%1.2%49.2%49.2%29.8%
Term Structure-0.0%-2.1%1.3%0.0%0.0%
VWIV34.0%30.9%39.2%39.2%37.9%
Skew 25d-1.6%-7.2%0.2%-1.9%-0.4%
Skew 10d-2.9%-20.1%11.0%-3.9%-0.4%
Call IV 25d34.4%31.5%42.2%42.2%36.4%
Put IV 25d32.8%24.4%40.3%40.3%36.1%
Bid-Ask Spread %2.631.815.152.422.48
Gamma HHI0.290.230.350.240.27
Net GEX1.8M1.1M2.8M2.5M1.7M
Net DEX-37.8M-58.7M-20.0M-58.7M-36.9M
Net VEX-847.8K-903.9K-791.1K-903.9K-864.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.131.140.480.44
Total Volume14,438.3334,72247,60647,6069,390
Total OI396,208.667362,673425,625396,192391,769

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$9.61$10.0039.0%11.1%55.4%30.9%39.2%-1.9%0.0%2.5M-58.7M-903.9K0.482.4232,08215,524268,917127,275
2019-04-02$9.60$10.0033.2%9.7%55.4%11.9%33.8%-0.6%0.2%2.8M-53.3M-884.9K0.232.0315,8053,614280,893132,387
2019-04-03$9.57$10.0033.9%9.8%53.4%14.1%34.3%-1.4%0.1%2.8M-56.3M-902.5K0.281.9112,8163,591284,310132,872
2019-04-04$9.34$10.0033.6%9.9%54.1%13.2%34.5%-1.2%0.4%2.3M-39.7M-858.4K0.422.789,9134,175288,192133,055
2019-04-05$9.32$10.0033.2%9.6%53.7%11.8%33.5%-1.1%0.1%1.9M-36.5M-855.8K0.361.898,9913,243291,026134,599
2019-04-08$9.34$10.0034.0%10.0%53.7%14.6%35.0%-1.1%1.1%2.0M-38.7M-859.3K0.212.257,9211,627270,190125,583
2019-04-09$9.35$10.0033.1%9.5%53.1%11.4%33.2%-0.6%0.1%2.1M-38.9M-859.7K0.492.393,9601,934273,721126,134
2019-04-10$9.32$10.0032.1%9.5%53.1%8.4%33.2%0.2%1.0%2.0M-36.1M-847.7K0.533.073,0951,627275,089127,364
2019-04-11$9.36$10.0032.3%9.4%53.0%8.8%32.6%-0.2%1.0%2.2M-38.3M-842.8K1.142.373,7084,244275,589127,944
2019-04-12$9.27$10.0032.3%9.5%53.1%8.9%33.4%-0.1%1.3%1.6M-33.2M-825.7K0.432.357,9633,454276,819129,673
2019-04-15$9.22$10.0031.8%9.2%53.2%7.4%32.0%-7.2%-1.2%1.6M-31.5M-825.8K0.352.317,0592,468267,692123,927
2019-04-16$9.30$10.0032.3%9.3%53.2%8.9%32.3%-5.6%-1.2%1.7M-35.9M-835.6K0.683.984,4002,982270,817125,542
2019-04-17$9.22$10.0033.1%9.5%53.2%11.3%32.2%-5.9%-2.1%1.4M-31.8M-823.4K0.372.685,5832,089271,622126,038
2019-04-18$9.22$10.0032.5%9.4%53.2%9.4%32.6%-5.5%-1.3%1.3M-31.9M-828.1K0.321.8115,0504,857273,746126,685
2019-04-22$9.23$10.0030.8%8.8%51.6%3.9%30.9%-0.4%0.6%1.3M-30.1M-817.8K0.193.325,3351,010242,133120,540
2019-04-23$9.16$10.0031.3%9.3%50.9%5.7%33.4%0.1%0.3%1.3M-31.0M-818.2K0.172.379,8651,712245,485121,214
2019-04-24$8.93$10.0030.1%8.8%51.8%1.7%31.0%-0.5%-0.5%1.1M-20.0M-791.1K0.292.5211,2663,278252,103121,921
2019-04-25$9.07$9.5036.9%10.8%52.0%23.9%37.9%-0.0%-0.8%1.3M-30.2M-829.0K0.135.1523,2333,058257,400123,169
2019-04-26$9.18$9.0034.9%10.0%52.1%17.3%34.9%-0.2%-0.3%1.6M-40.1M-849.9K0.332.9616,6685,566269,628124,413
2019-04-29$9.31$9.0035.1%10.2%23.0%18.1%36.5%-1.1%0.9%1.8M-44.1M-879.9K0.552.1112,2606,789260,002122,904
2019-04-30$9.18$9.0034.7%10.0%17.5%16.7%37.9%-0.4%0.0%1.7M-36.9M-864.5K0.442.486,5262,864264,716127,053