BB Options History — September 2025

In September 2025, BB traded between $3.75 and $5.00. ATM implied volatility averaged 67.0%, placing in the 45.7% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded above realized volatility by 36.0% (HV 20d: 31.0%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.16.

Notable Days

  • 2025-09-26: Highest Volume — 145,859 contracts
  • 2025-09-25: Largest IV drop — 29.3% change
  • 2025-09-24: Highest IV Rank — 65.9%
  • 2025-09-24: Largest Expected Move — 25.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.14$3.75$5.00$3.76$4.88
Max Pain$3.50$3.00$4.00$4.00$4.00
ATM IV67.0%54.3%82.8%67.5%54.3%
Expected Move18.8%14.8%25.0%16.7%15.3%
HV 20d31.0%24.3%46.9%26.6%46.9%
HV 60d41.0%35.2%44.3%44.1%38.9%
IV Rank45.7%29.4%65.9%46.3%29.4%
IV Percentile62.2%24.6%94.0%67.9%24.6%
Term Structure-2.7%-4.4%0.2%-2.5%-0.7%
VWIV67.7%53.2%89.3%57.7%53.2%
Skew 25d-5.8%-12.2%12.9%-3.0%-7.8%
Skew 10d-15.1%-29.0%7.3%-14.4%-18.8%
Call IV 25d72.3%60.3%88.8%69.1%60.3%
Put IV 25d66.5%52.4%77.4%66.0%52.4%
Bid-Ask Spread %32.444.8673.454.8656.79
Gamma HHI0.230.160.580.170.25
Net GEX891.8K454.0K2.9M483.5K1.5M
Net DEX-36.9M-79.9M-19.3M-19.7M-63.2M
Net VEX-214.9K-306.5K-168.2K-169.6K-303.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.030.560.560.11
Total Volume33,284.7143,911145,85910,47229,583
Total OI344,941.095303,397417,348303,397383,982

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$3.76$4.0067.5%16.7%26.6%46.3%57.7%-3.0%-2.5%483.5K-19.7M-169.6K0.564.866,7013,771247,86055,537
2025-09-03$3.75$4.0064.6%14.8%26.1%42.6%54.0%-5.1%-2.5%454.0K-19.3M-168.2K0.074.966,224460250,95458,988
2025-09-04$3.77$3.0064.2%17.1%26.0%42.1%61.0%-6.6%-1.8%500.2K-20.5M-172.0K0.087.673,605306255,11659,286
2025-09-05$3.88$3.0064.1%17.4%26.0%42.0%61.8%-2.9%-4.3%509.1K-22.5M-173.4K0.0810.019,381723256,38259,340
2025-09-08$3.84$3.0065.4%17.4%26.4%43.6%61.1%-6.6%-3.2%547.3K-21.9M-170.7K0.187.865,7921,044254,67855,830
2025-09-09$3.75$3.0063.3%17.3%27.7%41.0%62.1%-5.9%-2.8%498.2K-19.8M-170.0K0.0734.407,624569257,06656,235
2025-09-10$3.77$3.0065.2%17.9%26.4%43.3%63.4%-3.4%-2.4%542.5K-20.8M-170.5K0.069.524,766301262,00456,701
2025-09-11$3.85$3.0065.1%17.7%26.4%43.3%62.7%-5.9%-3.8%628.8K-23.5M-178.0K0.198.107,5671,405264,41156,924
2025-09-12$3.88$3.0065.9%18.9%25.0%44.3%62.8%-5.9%0.2%570.9K-24.8M-185.4K0.039.3416,882448267,98658,044
2025-09-15$3.98$3.0071.2%20.0%26.2%51.0%73.0%-11.4%-4.1%687.3K-27.7M-184.4K0.079.4139,2352,910268,01357,133
2025-09-16$4.01$3.0070.9%20.2%25.7%50.7%75.4%-4.4%-3.8%799.0K-30.9M-196.8K0.1745.7417,8053,046288,56557,539
2025-09-17$4.01$3.5068.9%19.7%24.3%48.1%72.0%-4.8%-2.5%867.0K-31.8M-202.5K0.1673.4514,0682,241295,72360,073
2025-09-18$4.21$3.5071.1%20.5%28.6%51.0%79.8%-7.3%-2.7%886.2K-40.0M-220.3K0.1054.9336,1473,469299,08261,171
2025-09-19$4.19$3.5071.9%21.0%28.8%52.0%79.4%-7.6%-4.1%751.8K-41.3M-231.5K0.2348.4324,5765,640316,60863,251
2025-09-22$4.38$4.0077.0%22.9%31.0%58.5%84.4%-5.4%-2.9%869.1K-47.4M-245.9K0.1251.9750,8666,182271,04756,495
2025-09-23$4.26$4.0077.4%23.8%33.3%59.0%86.6%12.9%-4.4%915.1K-44.5M-251.5K0.4045.1028,54811,409295,70961,003
2025-09-24$4.26$4.0082.8%25.0%33.3%65.9%89.3%-11.3%-4.4%832.4K-44.5M-255.1K0.3243.6339,22812,556301,40270,642
2025-09-25$4.63$4.0058.5%17.2%43.2%34.8%61.1%-8.4%-0.3%1.5M-61.9M-264.9K0.1146.57100,31711,274326,37881,989
2025-09-26$4.95$4.0061.5%17.6%46.8%38.7%63.6%-12.2%-3.5%2.9M-79.9M-291.5K0.0852.36135,67210,187338,10779,241
2025-09-29$5.00$4.0056.7%16.2%46.8%32.4%57.8%-9.4%0.2%1.5M-69.5M-306.5K0.1756.2031,0755,376312,12865,140
2025-09-30$4.88$4.0054.3%15.3%46.9%29.4%53.2%-7.8%-0.7%1.5M-63.2M-303.3K0.1156.7926,5743,009316,57167,411