BB Options History — May 2019

In May 2019, BB traded between $7.83 and $9.39. ATM implied volatility averaged 38.9%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 12.9% (HV 20d: 26.1%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.40.

Notable Days

  • 2019-05-23: Highest Volume — 23,054 contracts
  • 2019-05-23: Largest IV spike — 20.4% change
  • 2019-05-31: Highest IV Rank — 70.3%
  • 2019-05-31: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.52$7.83$9.39$9.11$7.83
Max Pain$8.20$7.50$10.00$9.00$8.00
ATM IV38.9%32.5%51.0%33.2%51.0%
Expected Move11.6%9.1%13.8%9.5%13.8%
HV 20d26.1%17.6%31.6%17.6%29.9%
HV 60d37.0%35.8%38.2%35.9%36.9%
IV Rank30.6%9.5%70.3%11.7%70.3%
IV Percentile47.4%15.9%93.3%18.7%93.3%
Term Structure2.6%-3.2%8.9%1.6%-3.2%
VWIV42.1%32.0%49.6%33.3%49.6%
Skew 25d-0.4%-2.0%0.7%0.4%-0.3%
Skew 10d-1.3%-5.8%4.2%4.0%0.5%
Call IV 25d40.6%33.5%54.2%34.7%54.2%
Put IV 25d40.2%33.0%53.9%35.1%53.9%
Bid-Ask Spread %2.731.793.773.122.82
Gamma HHI0.300.250.380.260.29
Net GEX1.1M652.2K1.7M1.6M652.2K
Net DEX-16.5M-43.2M-2.5M-31.4M-2.5M
Net VEX-808.5K-886.5K-740.0K-860.0K-767.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.081.070.371.07
Total Volume12,120.3185,48523,0548,33422,143
Total OI400,266.091382,493418,518395,031418,518

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$9.11$9.0033.2%9.5%17.6%11.7%33.3%0.4%1.6%1.6M-31.4M-860.0K0.373.126,0782,256266,485128,546
2019-05-02$9.22$9.0033.8%9.5%18.3%13.9%32.8%0.6%-0.1%1.6M-34.3M-853.9K0.452.307,9503,591267,950129,060
2019-05-03$9.39$9.5032.5%9.1%17.6%9.5%32.0%-1.2%0.7%1.7M-43.2M-886.5K0.832.359,2157,624271,127129,913
2019-05-06$9.15$10.0032.5%10.8%19.9%9.6%37.6%0.3%0.6%1.3M-31.0M-852.9K0.172.8315,6342,641257,509129,322
2019-05-07$8.98$10.0035.3%11.0%20.8%18.8%38.5%0.7%0.7%1.2M-25.2M-852.4K0.332.496,6742,234263,718130,526
2019-05-08$8.93$10.0034.0%11.1%20.8%14.5%38.9%0.1%0.9%1.2M-22.9M-839.5K0.292.595,6781,619267,382131,506
2019-05-09$8.85$7.5033.7%11.3%21.0%13.3%39.7%-0.0%1.6%1.1M-19.0M-834.7K0.482.536,3113,003268,644131,361
2019-05-10$8.81$7.5033.8%11.5%20.8%13.8%40.1%0.5%0.8%1.1M-17.8M-831.1K0.083.7711,652948269,986131,754
2019-05-13$8.36$7.5037.1%12.1%27.2%24.8%45.0%-0.8%4.7%721.9K-8.7M-776.6K0.502.837,6213,794264,055124,268
2019-05-14$8.45$7.5035.3%12.0%27.8%18.5%43.2%-0.3%6.6%927.9K-12.7M-806.6K0.182.7710,8821,986273,073125,387
2019-05-15$8.57$7.5034.3%11.9%28.2%15.3%42.7%-0.3%8.8%1.1M-18.2M-826.6K0.311.795,1591,603280,166125,654
2019-05-16$8.62$7.5034.6%11.7%28.3%16.3%40.4%-1.8%8.9%1.2M-20.9M-829.2K0.471.834,4862,100282,571126,156
2019-05-17$8.47$7.5035.6%11.3%28.7%19.6%44.7%-0.4%6.6%1.5M-11.2M-789.6K0.221.989,8392,190284,102126,576
2019-05-20$8.18$7.5039.8%11.7%30.6%33.4%48.0%-0.7%6.3%736.8K-4.9M-740.0K0.222.909,9602,144260,235122,258
2019-05-21$8.23$7.5039.0%11.3%30.9%30.8%43.9%0.3%6.8%833.4K-7.5M-757.1K0.163.119,8211,546265,696123,164
2019-05-22$8.32$8.0038.7%11.1%30.5%29.9%39.5%-0.6%6.9%994.7K-14.4M-805.2K0.382.553,9631,522272,991123,723
2019-05-23$8.03$7.5046.6%13.2%31.6%55.7%47.7%-1.2%1.8%869.5K-9.3M-782.8K0.443.6116,0307,024275,813123,748
2019-05-24$8.07$8.0044.7%12.3%31.1%49.6%45.4%-0.2%5.4%907.6K-8.7M-785.4K0.403.4010,5364,257284,200124,982
2019-05-28$8.07$8.0049.5%12.7%30.3%65.0%47.1%-2.0%-2.5%945.5K-13.1M-797.1K0.482.866,0882,935280,272122,994
2019-05-29$7.90$8.0051.0%13.3%30.6%70.2%47.2%-1.4%-2.8%733.6K-3.4M-765.0K0.122.6510,1611,267282,385125,309
2019-05-30$7.90$8.0050.8%13.1%30.7%69.4%48.5%-0.6%-3.1%873.4K-2.5M-747.5K0.752.868,2986,184286,985125,784
2019-05-31$7.83$8.0051.0%13.8%29.9%70.3%49.6%-0.3%-3.2%652.2K-2.5M-767.1K1.072.8210,67411,469289,090129,428