BB Options History — July 2023

In July 2023, BB traded between $4.63 and $5.26. ATM implied volatility averaged 46.7%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 4.8% (HV 20d: 51.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.37.

Notable Days

  • 2023-07-31: Highest Volume — 38,706 contracts
  • 2023-07-20: Largest IV spike — 8.1% change
  • 2023-07-31: Highest IV Rank — 22.5%
  • 2023-07-31: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.85$4.63$5.26$5.26$5.08
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV46.7%42.7%53.8%46.1%53.8%
Expected Move13.1%11.2%14.8%13.0%14.8%
HV 20d51.5%43.6%54.5%47.6%47.4%
HV 60d46.0%43.6%46.9%44.6%45.1%
IV Rank6.6%0.0%22.5%1.6%22.5%
IV Percentile3.7%0.0%14.3%0.8%14.3%
Term Structure-0.8%-3.8%1.9%-1.4%-1.7%
VWIV48.7%39.5%56.8%46.0%56.8%
Skew 25d-2.3%-15.5%1.5%-1.2%-3.8%
Skew 10d-6.0%-27.7%16.2%-1.8%-7.4%
Call IV 25d51.1%45.7%60.1%48.7%60.1%
Put IV 25d48.8%37.0%56.2%47.5%56.2%
Bid-Ask Spread %4.533.876.064.196.06
Gamma HHI0.210.170.270.240.27
Net GEX347.2K117.9K851.5K569.6K851.5K
Net DEX-13.3M-26.3M-8.1M-18.3M-26.3M
Net VEX-124.9K-155.7K-114.4K-139.2K-155.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.033.570.350.29
Total Volume14,948.354,01538,70617,84538,706
Total OI220,858.35203,090240,426221,155240,426

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$5.26$5.0046.1%13.0%47.6%1.6%46.0%-1.2%-1.4%569.6K-18.3M-139.2K0.354.1913,1804,665168,15553,000
2023-07-05$5.14$5.0045.8%12.4%47.9%1.0%46.4%-1.8%1.5%363.5K-16.1M-136.8K0.135.1512,3931,661171,52153,538
2023-07-06$4.83$5.0045.5%12.8%52.2%0.3%46.0%-1.1%0.7%195.0K-8.6M-123.0K0.374.0712,0184,416175,56653,953
2023-07-07$4.76$5.0046.6%12.5%52.0%2.6%47.4%-8.5%-3.7%142.2K-8.1M-114.4K0.313.997,3862,319179,38452,440
2023-07-10$4.84$5.0044.9%12.4%52.5%0.0%50.5%1.2%-1.2%173.2K-10.3M-120.3K0.193.9010,0651,906157,48245,608
2023-07-11$4.92$5.0045.0%12.1%52.9%0.2%42.3%-0.8%-3.0%159.7K-11.2M-115.8K0.083.877,385624159,93147,048
2023-07-12$4.94$5.0043.0%11.2%52.6%0.0%39.5%0.2%-3.8%178.6K-12.1M-120.7K0.154.123,498517164,88147,200
2023-07-13$5.04$5.0042.7%11.7%53.2%0.0%47.4%-1.8%-1.5%216.0K-15.4M-124.3K0.033.9315,469537165,89447,124
2023-07-14$4.89$5.0043.1%12.2%54.1%0.8%46.5%-2.5%-0.5%121.3K-11.5M-116.8K0.173.9911,0521,924171,25447,423
2023-07-17$4.84$5.0043.5%12.4%54.2%1.6%47.4%-4.0%1.0%117.9K-11.3M-114.6K0.055.1316,664902164,29743,236
2023-07-18$4.87$5.0043.0%12.3%54.2%0.5%56.7%0.1%1.5%158.3K-12.9M-122.2K0.095.086,038545174,80743,826
2023-07-19$4.83$5.0045.5%13.0%53.3%5.7%45.5%-15.5%0.6%179.9K-12.9M-129.3K0.034.6715,742520176,81044,083
2023-07-20$4.64$5.0049.2%14.1%54.5%13.2%52.9%-2.4%-0.4%421.7K-8.7M-116.5K0.304.5718,2485,533183,68343,756
2023-07-21$4.71$5.0047.7%13.5%54.0%10.1%47.2%-1.5%1.9%468.0K-10.7M-126.7K0.274.207,7592,085193,37246,921
2023-07-24$4.72$5.0049.6%14.0%52.6%14.1%50.3%0.9%-1.1%510.7K-14.1M-123.3K0.104.4512,4221,198174,77132,522
2023-07-25$4.71$5.0049.4%14.1%52.6%13.6%48.9%-0.8%-0.6%581.1K-14.8M-128.1K0.114.497,155801183,01933,638
2023-07-26$4.69$5.0050.0%14.3%48.9%14.8%50.1%1.5%-3.4%573.0K-14.2M-125.3K3.575.982,96510,596184,32434,186
2023-07-27$4.63$5.0049.5%14.1%49.0%13.7%51.6%-0.7%-0.0%507.2K-12.2M-118.3K0.574.435,0202,852186,10541,905
2023-07-28$4.75$5.0050.1%14.4%43.6%14.9%54.7%-3.1%-1.6%455.9K-15.6M-127.5K0.224.2626,4945,707186,92243,156
2023-07-31$5.08$5.0053.8%14.8%47.4%22.5%56.8%-3.8%-1.7%851.5K-26.3M-155.7K0.296.0630,0718,635197,75642,670