BB Options History — January 2023

In January 2023, BB traded between $3.33 and $4.41. ATM implied volatility averaged 75.2%, placing in the 55.9% IV rank vs the trailing year. The 30-day expected move averaged 22.1%. IV traded above realized volatility by 11.7% (HV 20d: 63.5%). Max pain ranged from $4.00 to $4.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-01-30: Highest Volume — 65,245 contracts
  • 2023-01-30: Largest IV spike — 18.1% change
  • 2023-01-31: Highest IV Rank — 83.7%
  • 2023-01-31: Largest Expected Move — 25.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.95$3.33$4.41$3.33$4.28
Max Pain$4.05$4.00$4.50$4.50$4.00
ATM IV75.2%70.1%85.4%76.7%85.4%
Expected Move22.1%19.7%25.6%22.3%25.6%
HV 20d63.5%47.4%74.5%57.2%51.1%
HV 60d58.6%57.4%60.5%57.5%58.1%
IV Rank55.9%41.9%83.7%60.0%83.7%
IV Percentile74.2%56.0%96.0%83.3%96.0%
Term Structure0.9%-4.3%4.4%1.3%-0.7%
VWIV83.0%70.5%100.2%85.4%98.7%
Skew 25d-3.5%-12.3%2.4%-2.1%-12.3%
Skew 10d-8.7%-38.3%2.7%-0.7%-16.6%
Call IV 25d83.3%74.0%97.2%85.4%97.2%
Put IV 25d79.8%71.1%87.8%83.3%84.9%
Bid-Ask Spread %7.772.1124.232.113.22
Gamma HHI0.210.150.470.180.24
Net GEX302.4K115.7K725.4K211.0K422.0K
Net DEX-6.1M-17.3M3.1M3.1M-17.3M
Net VEX-124.4K-160.3K-85.6K-85.6K-160.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.052.470.130.13
Total Volume23,400.856,35165,24516,31413,768
Total OI391,322.7236,714496,468398,163295,060

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$3.33$4.5076.7%22.3%57.2%60.0%85.4%-2.1%1.3%211.0K3.1M-85.6K0.132.1114,4761,838342,03856,125
2023-01-04$3.66$4.5075.9%23.7%67.9%57.8%87.3%-5.4%1.7%276.8K-4.3M-100.9K0.402.2826,07510,316351,96557,373
2023-01-05$3.51$4.0080.7%23.9%67.4%70.9%83.8%-3.5%1.3%468.5K-6.8K-101.8K2.475.427,35518,146356,67371,331
2023-01-06$3.54$4.0078.9%23.5%66.7%65.9%84.1%-6.2%4.4%725.4K-1.6M-109.1K1.075.6617,94919,209358,78385,058
2023-01-09$3.50$4.0076.9%23.5%66.6%60.6%83.9%-2.1%4.4%115.7K2.5M-111.0K1.625.699,12614,770354,32199,639
2023-01-10$3.63$4.0073.5%21.6%68.7%51.3%76.9%-1.3%2.0%165.5K2.0M-108.7K1.215.876,0527,325357,187110,847
2023-01-11$3.71$4.0073.9%20.7%69.3%52.2%78.3%2.4%-1.5%211.6K714.0K-120.3K0.335.555,9771,982360,251117,189
2023-01-12$3.83$4.0071.3%20.3%70.6%45.1%73.3%0.7%-0.8%336.9K-1.6M-121.2K1.1822.369,17210,850362,830117,968
2023-01-13$3.83$4.0070.1%19.7%70.5%41.9%70.5%-2.9%-1.1%196.1K-9.7K-119.0K0.315.339,3042,882366,582128,024
2023-01-17$4.08$4.0074.2%21.2%74.4%53.0%86.7%-8.2%2.0%438.2K-5.8M-127.3K0.095.0940,2673,797360,347115,034
2023-01-18$4.16$4.0071.2%20.4%74.5%45.0%77.0%-5.8%1.2%605.0K-8.6M-129.9K0.275.2520,6485,472376,646116,528
2023-01-19$4.12$4.0073.7%21.1%73.9%51.8%81.9%-0.7%-1.0%197.6K-8.8M-129.3K0.496.518,7674,327379,449116,422
2023-01-20$4.20$4.0076.4%22.2%74.0%59.1%84.7%-3.2%-4.3%212.5K-10.3M-130.4K0.635.3825,41316,005378,897117,571
2023-01-23$4.25$4.0075.1%22.0%62.8%55.5%85.5%-1.9%0.1%231.0K-11.6M-140.5K0.7022.8712,9729,116147,58689,128
2023-01-24$4.26$4.0073.1%21.8%52.3%50.2%80.4%-1.7%1.1%284.2K-12.9M-147.1K0.8224.237,9336,491154,71493,612
2023-01-25$4.21$4.0072.8%21.5%52.7%49.2%80.4%-1.4%1.1%255.0K-10.8M-135.0K0.646.323,8732,478158,93496,881
2023-01-26$4.22$4.0070.4%20.4%50.6%42.7%77.4%-3.0%2.6%248.0K-11.0M-137.5K0.776.313,6672,806159,15697,969
2023-01-27$4.41$4.0070.7%21.4%47.4%43.6%84.4%-0.3%3.0%232.1K-14.1M-132.6K0.254.9017,7344,434159,733100,324
2023-01-30$4.22$4.0083.6%24.5%51.6%78.7%100.2%-10.4%1.5%215.1K-11.7M-140.7K0.055.0962,0753,170160,50597,774
2023-01-31$4.28$4.0085.4%25.6%51.1%83.7%98.7%-12.3%-0.7%422.0K-17.3M-160.3K0.133.2212,1711,597195,34599,715