BB Options History — November 2023

In November 2023, BB traded between $3.51 and $3.79. ATM implied volatility averaged 52.4%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 4.9% (HV 20d: 57.3%). Max pain ranged from $3.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.33.

Notable Days

  • 2023-11-09: Highest Volume — 13,929 contracts
  • 2023-11-21: Largest IV spike — 6.7% change
  • 2023-11-29: Highest IV Rank — 26.8%
  • 2023-11-01: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.66$3.51$3.79$3.54$3.69
Max Pain$4.93$3.50$5.00$3.50$5.00
ATM IV52.4%46.9%58.7%56.2%57.7%
Expected Move13.8%12.1%16.9%16.9%14.5%
HV 20d57.3%45.0%69.2%69.2%45.0%
HV 60d73.8%69.4%77.9%74.7%69.7%
IV Rank16.2%6.9%26.8%22.5%25.0%
IV Percentile17.4%5.6%41.7%25.8%38.9%
Term Structure2.1%-4.6%13.1%-0.6%-1.9%
VWIV48.7%41.2%59.3%59.3%50.3%
Skew 25d0.9%-2.5%5.5%2.6%2.4%
Skew 10d5.1%-8.0%23.2%11.3%4.8%
Call IV 25d54.2%47.2%60.3%56.4%58.8%
Put IV 25d55.1%48.9%61.2%59.0%61.2%
Bid-Ask Spread %31.6617.9542.7842.6017.95
Gamma HHI0.180.140.220.140.18
Net GEX136.6K35.1K251.2K162.0K66.1K
Net DEX2.0M-1.3M4.5M1.4M2.7M
Net VEX-71.3K-83.6K-64.1K-73.2K-67.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.023.740.170.02
Total Volume5,446.4761,83913,9292,6042,291
Total OI264,350.095253,457273,372257,886272,058

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$3.54$3.5056.2%16.9%69.2%22.5%59.3%2.6%-0.6%162.0K1.4M-73.2K0.1742.602,232372213,02044,866
2023-11-02$3.71$5.0053.1%15.6%59.1%17.4%54.2%0.1%2.2%167.5K-102.8K-76.6K0.1027.185,290530213,46544,927
2023-11-03$3.75$5.0053.0%15.5%59.2%17.2%52.8%-0.4%2.5%202.9K-1.3M-83.6K0.0627.738,774547216,11744,999
2023-11-06$3.67$5.0053.0%14.5%57.8%17.2%50.8%2.1%-2.1%221.6K617.5K-73.2K0.1418.392,898393210,72342,734
2023-11-07$3.79$5.0049.6%14.0%58.8%11.5%50.5%2.0%-0.6%251.2K-921.4K-78.2K0.0927.285,298469212,27842,721
2023-11-08$3.71$5.0051.8%14.5%59.4%15.2%50.6%1.4%-0.6%237.8K127.6K-72.9K0.1427.042,544353214,83042,913
2023-11-09$3.58$5.0050.4%14.3%60.3%12.8%51.1%-1.9%-0.8%203.8K1.8M-65.1K3.7427.902,93910,990214,70442,691
2023-11-10$3.66$5.0048.0%13.9%60.5%8.9%49.0%-0.5%1.1%94.8K2.5M-75.0K0.0633.029,117592215,73953,219
2023-11-13$3.51$5.0047.8%13.6%57.0%8.6%47.8%0.6%11.4%118.3K4.5M-67.2K0.0941.924,936434212,67752,700
2023-11-14$3.76$5.0046.9%13.5%62.4%6.9%46.3%0.7%9.5%191.4K688.3K-76.8K0.1331.867,088925215,25952,264
2023-11-15$3.67$5.0048.2%13.8%60.0%9.2%50.0%-2.5%10.4%154.1K2.4M-74.4K0.1831.263,410600217,89652,396
2023-11-16$3.60$5.0048.1%13.2%59.4%8.9%48.6%1.1%12.4%121.2K3.8M-68.3K0.3634.582,706962218,25452,744
2023-11-17$3.69$5.0049.9%13.1%59.7%12.0%45.7%1.7%13.1%85.7K2.6M-70.6K0.1734.734,298721220,05253,320
2023-11-20$3.67$5.0051.6%12.8%59.6%14.8%45.1%0.2%0.4%112.8K3.3M-69.6K0.1842.033,706654209,86351,936
2023-11-21$3.60$5.0055.0%12.6%56.6%20.6%47.3%0.3%-1.9%122.0K3.7M-68.2K0.1042.781,676163212,35052,313
2023-11-22$3.62$5.0053.4%12.6%55.8%17.9%45.1%-0.3%-0.0%75.8K3.3M-68.3K0.3233.491,431457213,46051,762
2023-11-24$3.62$5.0055.9%12.4%55.4%22.0%42.0%5.5%-0.8%35.1K3.7M-64.1K0.3234.535,4671,738214,14252,084
2023-11-27$3.71$5.0056.9%12.3%55.7%23.7%43.8%2.1%-3.1%94.3K3.0M-66.9K0.4330.176,0732,641212,55252,557
2023-11-28$3.67$5.0055.4%12.1%46.5%21.2%41.2%0.9%-1.1%85.3K2.8M-69.6K0.0631.022,636145215,69353,230
2023-11-29$3.71$5.0058.7%14.8%45.2%26.8%51.3%0.6%-4.6%64.8K2.4M-67.6K0.0827.485,468412216,58153,263
2023-11-30$3.69$5.0057.7%14.5%45.0%25.0%50.3%2.4%-1.9%66.1K2.7M-67.5K0.0217.952,23853218,49953,559