BB Options History — February 2023

In February 2023, BB traded between $3.79 and $4.54. ATM implied volatility averaged 77.6%, placing in the 61.4% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 35.8% (HV 20d: 41.8%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-02-06: Highest Volume — 66,547 contracts
  • 2023-02-28: Largest IV drop — 14.5% change
  • 2023-02-06: Highest IV Rank — 100.0%
  • 2023-02-06: Largest Expected Move — 25.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.18$3.79$4.54$4.50$3.85
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV77.6%63.9%92.1%80.1%63.9%
Expected Move22.3%19.1%25.8%23.7%19.1%
HV 20d41.8%37.0%52.6%52.6%39.3%
HV 60d55.0%53.5%58.8%58.8%54.7%
IV Rank61.4%24.6%100.0%69.3%24.6%
IV Percentile74.2%23.8%100.0%88.1%23.8%
Term Structure3.0%-0.9%17.6%1.6%17.5%
VWIV85.2%67.1%112.2%89.3%67.1%
Skew 25d-6.2%-15.6%7.0%-6.2%7.0%
Skew 10d-15.6%-45.1%8.0%-4.2%-1.3%
Call IV 25d88.6%74.0%105.0%91.1%74.0%
Put IV 25d82.3%74.0%90.7%84.9%81.0%
Bid-Ask Spread %8.184.6521.195.116.68
Gamma HHI0.230.170.330.270.17
Net GEX405.1K67.8K1.1M636.9K145.4K
Net DEX-13.3M-24.8M-2.1M-23.8M-3.7M
Net VEX-141.7K-171.4K-109.7K-171.4K-110.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.091.260.270.23
Total Volume13,981.8424,28866,54726,0865,625
Total OI277,034.211239,477307,997299,779243,771

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$4.50$4.0080.1%23.7%52.6%69.3%89.3%-6.2%1.6%636.9K-23.8M-171.4K0.275.1120,4625,624199,052100,727
2023-02-02$4.54$4.0083.2%25.0%43.5%77.7%89.6%-12.8%1.1%726.3K-24.8M-168.6K0.306.3416,0344,877198,261105,110
2023-02-03$4.49$4.0082.8%24.2%39.7%76.8%88.6%-11.5%-0.6%1.1M-22.9M-169.3K0.227.479,6252,078200,137107,860
2023-02-06$4.41$4.0092.1%25.8%41.2%100.0%98.3%-14.3%-0.9%443.4K-20.9M-165.4K0.099.0961,0035,544189,48882,946
2023-02-07$4.42$4.0087.2%25.4%40.5%87.0%95.9%-8.9%0.2%630.5K-20.9M-168.9K0.386.4415,6035,995205,72085,774
2023-02-08$4.37$4.0085.0%24.4%40.1%81.1%96.4%-12.5%0.5%597.9K-19.7M-163.6K0.236.354,8731,106207,65990,087
2023-02-09$4.24$4.0082.8%23.8%42.2%75.1%112.2%-15.6%0.2%439.1K-15.0M-154.2K0.326.518,4812,694208,75690,197
2023-02-10$4.13$4.0080.9%23.0%42.6%70.1%90.1%-9.3%-0.0%393.3K-12.1M-149.1K0.295.365,2701,517211,59390,570
2023-02-13$4.19$4.0083.0%23.9%42.8%75.8%89.0%-2.2%1.1%443.8K-12.7M-145.9K0.224.658,2081,770192,73784,188
2023-02-14$4.25$4.0077.0%22.0%37.0%59.7%76.9%-2.3%1.3%479.7K-13.9M-143.2K1.085.523,2173,484196,81984,717
2023-02-15$4.36$4.0074.4%21.3%37.4%52.6%87.1%-8.0%-0.1%475.5K-16.1M-143.6K0.576.982,7381,550198,20186,811
2023-02-16$4.26$4.0071.7%20.4%38.3%45.3%81.5%-8.2%1.9%304.1K-14.2M-135.1K0.767.143,3262,517199,03187,228
2023-02-17$4.16$4.0069.2%19.3%38.7%38.7%75.6%-1.4%6.9%232.1K-12.1M-130.0K0.486.2412,6426,088199,98687,382
2023-02-21$3.91$4.0065.8%20.5%44.1%29.6%84.5%0.8%17.6%143.9K-4.9M-122.7K0.1512.2610,0981,470165,93874,504
2023-02-22$3.88$4.0071.8%21.0%44.0%45.6%77.2%0.6%3.3%175.8K-4.9M-114.5K0.157.816,7521,016171,32575,302
2023-02-23$3.88$4.0073.5%20.0%44.0%50.1%75.2%1.2%5.0%132.1K-3.3M-115.3K0.1416.124,762683173,97875,806
2023-02-24$3.79$4.0074.8%20.7%44.4%53.7%73.8%-5.5%0.7%67.8K-2.1M-109.7K1.2621.194,5585,734176,74675,766
2023-02-27$3.87$4.0074.8%19.8%41.7%53.6%70.8%-9.3%-0.9%137.5K-3.8M-111.0K0.368.066,3392,292162,41477,063
2023-02-28$3.85$4.0063.9%19.1%39.3%24.6%67.1%7.0%17.5%145.4K-3.7M-110.5K0.236.684,5851,040166,47977,292