BB Options History — April 2023

In April 2023, BB traded between $3.90 and $4.62. ATM implied volatility averaged 57.1%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded below realized volatility by 4.3% (HV 20d: 61.4%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.79.

Notable Days

  • 2023-04-03: Highest Volume — 24,018 contracts
  • 2023-04-17: Largest IV spike — 7.7% change
  • 2023-04-03: Highest IV Rank — 25.5%
  • 2023-04-17: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.33$3.90$4.62$4.58$3.90
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV57.1%52.5%64.3%64.3%52.5%
Expected Move16.3%14.5%17.4%17.3%14.5%
HV 20d61.4%58.8%80.5%80.5%60.4%
HV 60d56.0%54.1%57.2%57.1%54.1%
IV Rank6.9%0.0%25.5%25.5%0.0%
IV Percentile6.5%0.0%25.8%25.8%0.0%
Term Structure0.8%-4.2%5.5%-2.1%1.5%
VWIV57.8%50.7%62.8%60.9%50.7%
Skew 25d3.5%-2.7%8.0%2.8%6.4%
Skew 10d9.2%-17.9%37.8%4.8%37.5%
Call IV 25d56.6%50.4%65.8%65.8%54.5%
Put IV 25d60.1%53.8%68.6%68.6%60.9%
Bid-Ask Spread %8.842.8313.404.309.00
Gamma HHI0.270.160.550.270.24
Net GEX16.1K-670.4K323.3K264.0K-62.7K
Net DEX-8.6M-20.5M608.8K-19.0M608.8K
Net VEX-116.5K-134.3K-88.7K-129.6K-88.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.122.170.700.48
Total Volume9,306.1583,07824,01824,0185,146
Total OI205,023.789175,421224,025213,391193,550

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$4.58$4.0064.3%17.3%80.5%25.5%60.9%2.8%-2.1%264.0K-19.0M-129.6K0.704.3014,1219,897150,54262,849
2023-04-04$4.62$4.0059.7%15.6%60.3%13.0%58.1%3.8%1.5%131.0K-20.5M-134.3K1.182.836,5497,744152,89167,337
2023-04-05$4.54$4.0060.8%16.1%60.7%16.1%60.6%-2.3%1.7%64.5K-18.3M-132.6K0.876.433,1952,767155,01669,009
2023-04-06$4.51$4.0056.6%16.9%61.0%4.7%62.5%1.3%-0.3%323.3K-17.8M-130.1K2.178.246,89314,938154,18968,781
2023-04-10$4.53$4.0057.9%17.0%58.8%8.2%60.2%5.5%0.2%52.1K-12.3M-126.1K1.069.863,6623,882137,81263,080
2023-04-11$4.56$4.0058.6%16.7%58.8%10.1%62.8%6.4%-1.1%12.8K-13.5M-127.8K1.197.585,2466,257139,39164,428
2023-04-12$4.41$4.0057.6%17.0%60.5%7.6%62.5%0.4%1.4%-46.1K-7.6M-122.1K0.419.205,5302,288142,90969,102
2023-04-13$4.51$4.0055.4%16.2%60.5%1.7%59.0%3.0%0.8%-218.1K-11.5M-126.3K1.338.643,5354,708145,48369,877
2023-04-14$4.51$4.0054.7%15.6%60.5%0.0%54.7%2.1%-0.5%-670.4K-10.7M-127.2K0.2913.405,2841,515146,98173,315
2023-04-17$4.49$4.0058.9%17.4%60.6%11.3%55.8%8.0%-4.2%131.9K-9.7M-123.7K0.7812.617,2845,678139,84061,088
2023-04-18$4.42$4.0059.2%17.1%60.3%12.1%59.4%2.7%-0.2%-39.9K-7.4M-119.5K0.3211.833,6561,165142,18365,135
2023-04-19$4.33$4.0057.3%16.4%59.6%6.9%56.2%-1.0%-1.5%25.0K-6.2M-123.6K1.139.142,2882,582144,83265,316
2023-04-20$4.20$4.0057.3%16.4%60.3%7.0%57.3%-2.7%1.6%63.1K-1.5M-107.2K0.418.662,185893145,45467,042
2023-04-21$4.21$4.0056.4%15.8%59.5%4.5%55.3%1.6%4.2%54.5K-1.6M-110.0K0.177.414,101702146,07967,179
2023-04-24$4.08$4.0055.2%15.2%60.8%1.4%52.9%7.1%0.5%42.4K-2.6M-98.4K0.269.515,3031,367124,92550,496
2023-04-25$3.96$4.0054.2%16.0%61.8%0.0%55.4%7.9%2.4%31.7K-972.2K-95.9K0.1210.996,780784128,04451,001
2023-04-26$3.98$4.0054.8%16.3%61.3%1.5%58.0%5.7%2.8%79.2K-1.4M-95.4K0.859.076,6475,666129,83851,183
2023-04-27$3.96$4.0052.8%15.8%60.2%0.0%55.3%7.5%5.5%68.3K-589.6K-95.9K1.299.192,8733,706133,17456,101
2023-04-28$3.90$4.0052.5%14.5%60.4%0.0%50.7%6.4%1.5%-62.7K608.8K-88.7K0.489.003,4841,662135,26758,283