BB Options History — May 2023

In May 2023, BB traded between $3.90 and $5.42. ATM implied volatility averaged 53.9%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 4.8% (HV 20d: 49.1%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.24.

Notable Days

  • 2023-05-10: Highest Volume — 27,332 contracts
  • 2023-05-24: Largest IV spike — 22.6% change
  • 2023-05-31: Highest IV Rank — 24.6%
  • 2023-05-04: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.01$3.90$5.42$3.90$5.31
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV53.9%45.9%58.7%51.8%57.3%
Expected Move14.8%12.8%17.2%14.6%14.9%
HV 20d49.1%24.5%55.6%24.5%44.8%
HV 60d58.5%54.0%59.8%54.0%57.8%
IV Rank10.4%0.0%24.6%0.0%24.6%
IV Percentile4.8%0.0%15.5%0.0%15.5%
Term Structure2.1%-5.5%10.0%2.8%-3.2%
VWIV53.3%47.5%60.6%52.0%53.3%
Skew 25d2.3%-4.2%7.6%7.6%2.3%
Skew 10d7.6%-27.3%34.6%7.1%4.4%
Call IV 25d55.5%51.2%61.8%51.2%59.7%
Put IV 25d57.8%53.7%62.0%58.8%62.0%
Bid-Ask Spread %5.983.4810.389.844.10
Gamma HHI0.230.180.310.240.21
Net GEX510.9K-65.1K778.3K-65.1K733.5K
Net DEX-21.3M-31.3M-85.5K-85.5K-25.2M
Net VEX-131.3K-148.4K-87.8K-87.8K-134.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.110.640.310.15
Total Volume11,594.1823,76827,3323,7684,966
Total OI203,334.5186,019226,057186,019196,138

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$3.90$4.0051.8%14.6%24.5%0.0%52.0%7.6%2.8%-65.1K-85.5K-87.8K0.319.842,875893129,29656,723
2023-05-02$4.22$4.0058.7%16.2%39.5%17.2%54.6%2.5%0.8%66.1K-6.8M-113.8K0.247.7712,1262,954131,00157,040
2023-05-03$4.37$4.0056.5%16.6%41.7%11.7%60.6%5.1%-1.0%223.5K-10.1M-119.8K0.119.0111,5901,269137,28857,982
2023-05-04$4.38$4.0056.6%17.2%41.4%12.0%58.7%4.3%-2.3%242.2K-10.1M-120.4K0.6410.385,8553,765140,21458,535
2023-05-05$4.70$4.0054.5%15.9%48.6%6.8%57.4%3.5%0.4%334.7K-17.4M-127.7K0.137.2418,4672,409142,15261,689
2023-05-08$4.96$4.0054.9%15.5%52.0%7.9%54.5%0.3%-0.3%503.1K-20.8M-134.7K0.126.8317,5072,147140,36158,523
2023-05-09$5.01$4.0055.5%15.8%52.0%9.2%57.8%3.2%-0.5%593.4K-23.3M-138.2K0.147.4913,8151,971145,52159,689
2023-05-10$5.24$4.0055.6%14.7%51.8%9.5%55.3%-0.9%-2.9%649.6K-28.4M-148.4K0.175.1023,3373,995150,15860,590
2023-05-11$5.13$4.0054.8%15.3%52.6%7.4%54.0%3.6%-1.7%625.8K-25.6M-141.7K0.187.128,9141,649157,47462,676
2023-05-12$5.00$4.0053.7%14.4%53.8%4.9%54.7%7.5%-5.5%504.4K-21.9M-133.5K0.378.0010,6743,925158,25563,588
2023-05-15$5.14$4.0050.9%14.3%54.2%0.0%53.7%-2.5%4.7%605.7K-24.7M-139.9K0.415.284,6321,906151,58857,788
2023-05-16$5.08$4.0048.4%13.7%54.0%0.0%51.8%-0.9%10.0%618.1K-23.1M-134.7K0.173.735,444912154,41958,817
2023-05-17$5.37$4.0050.6%14.5%55.6%5.1%51.4%1.6%6.0%675.4K-29.8M-143.7K0.144.179,5191,331156,35959,249
2023-05-18$5.39$4.0052.7%14.9%53.5%9.9%51.8%1.6%4.8%778.3K-31.3M-140.7K0.374.6415,5685,753159,77459,821
2023-05-19$5.38$4.0051.7%14.5%53.6%7.6%50.9%2.6%2.6%546.7K-29.5M-139.4K0.204.498,7031,731161,47164,586
2023-05-22$5.42$4.0052.6%13.5%51.2%9.6%51.1%2.0%3.0%595.3K-26.6M-137.1K0.184.394,427777145,31945,133
2023-05-23$5.28$4.0045.9%13.2%50.8%0.0%50.2%0.4%8.9%625.4K-23.7M-132.0K0.344.974,2651,430147,64445,653
2023-05-24$5.21$4.0056.3%13.6%51.6%22.5%48.0%3.8%2.6%604.2K-22.4M-128.5K0.394.354,1181,606148,14246,438
2023-05-25$5.20$4.0054.0%12.8%51.5%17.4%47.5%7.6%5.5%631.1K-22.6M-132.9K0.225.443,723805150,36147,080
2023-05-26$5.24$4.0056.8%13.9%50.4%23.4%52.5%-0.1%9.6%548.3K-23.5M-131.4K0.133.4810,1271,338151,51947,069
2023-05-30$5.20$4.0055.7%14.8%50.8%21.1%51.3%-4.2%2.8%599.3K-21.7M-128.2K0.123.7110,6211,233146,99043,246
2023-05-31$5.31$4.0057.3%14.9%44.8%24.6%53.3%2.3%-3.2%733.5K-25.2M-134.2K0.154.104,324642152,15443,984