BB Options History — April 2020

In April 2020, BB traded between $3.20 and $4.38. ATM implied volatility averaged 72.0%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 22.0%. IV traded below realized volatility by 45.5% (HV 20d: 117.5%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2020-04-20: Highest Volume — 36,016 contracts
  • 2020-04-02: Largest IV spike — 947.5% change
  • 2020-04-02: Highest IV Rank — 100.0%
  • 2020-04-20: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.88$3.20$4.38$3.34$4.30
Max Pain$4.83$4.00$5.00$4.00$4.00
ATM IV72.0%16.2%169.3%16.2%62.7%
Expected Move22.0%17.0%27.0%26.7%19.5%
HV 20d117.5%63.3%154.6%154.6%63.3%
HV 60d96.9%92.1%99.5%92.1%99.5%
IV Rank36.5%0.0%100.0%0.0%30.4%
IV Percentile79.7%0.0%100.0%0.0%81.7%
Term Structure-9.7%-183.1%54.7%-9.5%0.3%
VWIV76.0%53.0%97.0%92.8%68.2%
Skew 25d1.8%-36.1%19.5%-4.7%4.0%
Skew 10d18.8%1.7%63.6%63.6%4.1%
Call IV 25d73.9%54.4%96.5%92.0%62.7%
Put IV 25d75.7%55.1%112.0%87.4%66.7%
Bid-Ask Spread %4.242.017.785.604.96
Gamma HHI0.210.160.280.160.23
Net GEX185.2K25.5K322.1K154.3K298.7K
Net DEX-3.1M-7.2M1.1M-193.1K-5.5M
Net VEX-240.9K-272.2K-189.6K-207.3K-266.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.103.530.300.24
Total Volume10,516.813,15236,01626,5664,044
Total OI272,279.952256,913302,369290,891268,372

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$3.34$4.0016.2%26.7%154.6%0.0%92.8%-4.7%-9.5%154.3K-193.1K-207.3K0.305.6020,4516,115219,16371,728
2020-04-02$3.20$5.00169.3%25.3%154.4%100.0%88.3%-36.1%-183.1%119.6K1.1M-189.6K0.586.756,9944,050224,90472,299
2020-04-03$3.21$5.0067.3%25.7%154.0%33.4%89.6%7.8%-72.0%123.1K502.7K-200.6K0.417.063,8181,556227,69774,672
2020-04-06$3.48$5.0043.8%23.1%152.2%18.1%78.2%2.6%50.8%164.4K-399.7K-212.4K0.342.047,6282,579201,39770,193
2020-04-07$3.67$5.0099.4%22.0%151.4%54.4%76.0%15.5%-32.7%186.0K-2.2M-228.4K0.227.7811,0812,434203,57871,598
2020-04-08$3.84$5.0021.4%21.7%152.5%3.4%76.0%0.7%54.7%239.5K-4.1M-245.5K0.284.006,1111,737204,69172,678
2020-04-09$3.77$5.0078.5%21.7%147.2%40.7%75.7%19.5%-2.7%191.8K-2.5M-232.1K0.293.726,8101,944205,83573,539
2020-04-13$3.86$5.0071.0%21.8%139.6%35.8%76.2%8.5%-1.0%208.1K-2.2M-234.2K0.243.684,4751,096195,10971,062
2020-04-14$3.99$5.0072.5%20.8%122.6%36.8%72.9%6.2%0.8%250.0K-3.5M-248.7K0.102.603,704355196,72871,894
2020-04-15$3.74$5.0075.6%21.7%99.1%38.8%53.0%-5.0%23.9%186.4K-361.8K-225.8K0.332.012,376776196,65671,920
2020-04-16$4.00$5.0078.8%23.3%97.4%40.9%81.4%1.1%-19.2%285.4K-5.0M-250.6K0.313.729,0862,833196,77472,386
2020-04-17$4.22$5.0072.9%20.9%98.0%37.1%72.9%3.4%0.6%198.5K-7.2M-267.6K0.204.6213,7422,793198,91473,531
2020-04-20$4.11$5.0089.3%27.0%98.3%47.8%97.0%1.2%-7.1%189.8K-4.7M-257.4K3.533.047,94628,070184,55372,360
2020-04-21$3.95$5.0083.9%22.9%99.7%44.2%80.7%-2.0%-3.3%25.5K-1.3M-248.2K2.435.173,8269,301184,63180,597
2020-04-22$3.94$5.0077.5%21.9%99.4%40.1%78.1%1.7%-2.6%97.7K-1.8M-247.7K0.294.534,2191,203187,00776,963
2020-04-23$4.02$5.0073.1%20.8%96.3%37.2%74.1%2.1%-0.8%98.5K-3.4M-250.5K0.153.179,7081,414187,47976,456
2020-04-24$4.04$5.0069.3%20.1%96.3%34.7%70.4%1.4%-1.9%88.0K-4.1M-251.2K0.474.523,9741,864193,92076,397
2020-04-27$4.24$4.5065.8%19.0%97.5%32.4%66.8%3.8%2.2%212.3K-5.2M-261.2K0.253.475,5951,386188,66971,743
2020-04-28$4.23$4.5063.5%18.9%97.5%30.9%66.4%1.9%0.2%250.1K-5.1M-260.1K0.242.705,6661,376191,58371,924
2020-04-29$4.38$4.5060.5%17.0%97.0%28.9%61.1%4.7%-0.6%322.1K-6.9M-272.2K0.123.885,974743193,56072,719
2020-04-30$4.30$4.0062.7%19.5%63.3%30.4%68.2%4.0%0.3%298.7K-5.5M-266.9K0.244.963,249795195,61572,757