BB Options History — December 2023

In December 2023, BB traded between $3.54 and $4.37. ATM implied volatility averaged 59.3%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 12.0% (HV 20d: 47.3%). Max pain ranged from $4.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-12-21: Highest Volume — 62,380 contracts
  • 2023-12-21: Largest IV drop — 9.6% change
  • 2023-12-20: Highest IV Rank — 45.5%
  • 2023-12-20: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.94$3.54$4.37$3.84$3.55
Max Pain$4.88$4.50$5.00$5.00$4.50
ATM IV59.3%54.2%69.9%57.1%54.2%
Expected Move16.3%14.4%20.0%14.4%15.6%
HV 20d47.3%31.3%66.6%44.2%66.2%
HV 60d56.5%52.0%62.2%61.2%60.5%
IV Rank27.7%19.2%45.5%24.1%19.2%
IV Percentile42.8%21.0%69.0%36.5%21.0%
Term Structure-2.3%-5.4%1.9%-1.9%0.2%
VWIV60.1%49.8%72.5%49.8%62.6%
Skew 25d-1.0%-7.0%5.9%3.8%-4.8%
Skew 10d-3.5%-19.9%7.8%3.5%-12.9%
Call IV 25d63.0%56.0%74.4%57.9%61.7%
Put IV 25d62.0%56.9%73.7%61.7%56.9%
Bid-Ask Spread %15.127.4835.0035.009.21
Gamma HHI0.170.140.230.160.15
Net GEX217.1K37.7K454.5K90.3K84.4K
Net DEX-3.5M-10.8M2.8M401.4K-930.4K
Net VEX-92.4K-115.5K-76.0K-76.0K-87.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.041.490.110.17
Total Volume14,930.153,02362,38012,64911,374
Total OI284,873.8254,681316,009273,205305,553

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$3.84$5.0057.1%14.4%44.2%24.1%49.8%3.8%-1.9%90.3K401.4K-76.0K0.1135.0011,3661,283219,61953,586
2023-12-04$3.91$5.0058.7%15.4%44.4%26.7%56.0%-0.2%-3.4%166.6K-448.8K-79.9K0.5122.725,7182,942216,75452,121
2023-12-05$3.98$5.0060.2%15.8%43.9%29.2%56.7%-1.0%-2.9%200.8K-2.1M-85.8K0.0729.037,288495220,13254,700
2023-12-06$3.96$5.0060.4%15.5%42.7%29.5%54.8%-0.5%-3.8%210.0K-1.6M-79.9K0.1017.6610,8521,075222,47554,958
2023-12-07$3.95$5.0059.2%15.5%41.8%27.6%57.2%-2.8%-3.6%249.6K-2.3M-87.0K0.0417.407,571321225,35255,294
2023-12-08$4.14$5.0058.1%15.2%41.9%25.8%55.6%0.3%-2.9%232.6K-5.8M-91.3K0.2116.6914,0412,942226,65355,408
2023-12-11$4.08$5.0058.7%15.6%42.2%26.7%56.9%-0.9%-3.9%241.5K-3.1M-88.8K0.1920.699,1371,751226,13053,676
2023-12-12$4.05$5.0056.4%15.4%38.7%22.8%55.9%1.6%-3.3%293.5K-4.1M-97.5K0.209.212,523500232,51753,554
2023-12-13$4.24$5.0057.3%15.7%34.5%24.3%56.9%0.5%-2.3%334.3K-6.8M-98.4K0.087.4810,054761233,04853,746
2023-12-14$4.33$5.0057.2%15.6%33.0%24.2%56.5%-3.6%-3.0%454.5K-10.8M-115.0K0.109.2212,3931,271238,83454,101
2023-12-15$4.37$5.0059.7%16.6%31.3%28.4%65.6%0.6%-2.6%339.3K-10.3M-106.9K1.4918.709,54614,269243,84554,778
2023-12-18$4.17$5.0065.1%18.5%36.6%37.5%66.8%-1.2%-3.2%307.7K-8.4M-101.6K0.1816.5413,9322,514210,48444,197
2023-12-19$4.21$5.0064.4%18.3%36.4%36.3%69.2%-2.8%-2.3%362.0K-10.8M-115.5K0.288.3110,6242,939216,85146,043
2023-12-20$4.11$5.0069.9%20.0%36.9%45.5%72.5%-0.7%-5.4%324.0K-8.4M-108.6K0.488.3417,6598,434222,66548,167
2023-12-21$3.54$5.0063.2%18.2%66.5%34.2%67.9%-4.3%-1.4%37.7K2.8M-80.3K0.9215.6132,52229,858232,44853,463
2023-12-22$3.56$4.5058.5%16.6%66.6%26.5%64.7%-7.0%1.9%51.7K1.5M-88.3K0.387.8712,0254,570244,73271,277
2023-12-26$3.62$4.5058.0%16.4%66.2%25.6%60.0%5.9%-1.7%154.6K-499.6K-94.0K0.4816.647,7963,707228,94266,401
2023-12-27$3.56$4.5055.1%15.4%66.4%20.7%57.0%-0.8%-0.1%96.4K839.3K-82.6K0.597.854,1012,431231,86969,256
2023-12-28$3.55$4.5054.4%15.4%66.2%19.5%59.7%-1.9%0.2%111.3K-54.0K-83.9K0.228.154,9401,078235,07068,777
2023-12-29$3.55$4.5054.2%15.6%66.2%19.2%62.6%-4.8%0.2%84.4K-930.4K-87.1K0.179.219,7241,650236,13869,415