BB Options History — December 2025

In December 2025, BB traded between $3.75 and $4.42. ATM implied volatility averaged 58.8%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 14.0% (HV 20d: 44.7%). Max pain ranged from $3.00 to $4.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.19.

Notable Days

  • 2025-12-19: Highest Volume — 71,262 contracts
  • 2025-12-19: Largest IV drop — 20.5% change
  • 2025-12-17: Highest IV Rank — 33.3%
  • 2025-12-01: Largest Expected Move — 20.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.14$3.75$4.42$3.98$3.77
Max Pain$3.43$3.00$4.50$4.50$3.50
ATM IV58.8%43.7%68.8%67.5%43.8%
Expected Move16.5%11.7%20.1%20.1%13.3%
HV 20d44.7%30.1%66.7%31.2%65.2%
HV 60d45.4%42.2%50.0%43.7%46.9%
IV Rank22.1%5.2%33.3%31.8%5.4%
IV Percentile36.1%1.6%67.9%62.7%2.0%
Term Structure-1.3%-46.3%28.7%-2.2%28.7%
VWIV60.0%43.1%83.5%83.5%51.1%
Skew 25d-3.0%-13.5%7.4%-4.5%6.4%
Skew 10d-18.9%-75.8%51.6%-34.7%-23.7%
Call IV 25d63.8%48.7%76.4%73.3%49.9%
Put IV 25d60.8%38.5%77.9%68.8%56.2%
Bid-Ask Spread %26.318.9268.6852.6918.25
Gamma HHI0.230.160.420.190.23
Net GEX780.7K420.5K1.1M609.2K448.6K
Net DEX-29.3M-40.3M-12.0M-25.5M-17.3M
Net VEX-195.8K-226.2K-157.9K-197.7K-157.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.040.410.140.06
Total Volume14,230.5455,39971,2628,50614,449
Total OI388,251.5369,884427,616369,884381,372

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$3.98$4.5067.5%20.1%31.2%31.8%83.5%-4.5%-2.2%609.2K-25.5M-197.7K0.1452.697,4381,068313,85456,030
2025-12-02$4.06$4.5064.1%19.6%32.9%28.1%75.4%7.4%7.9%660.6K-26.6M-192.8K0.1846.076,6561,208318,60757,008
2025-12-03$4.17$4.5063.7%19.9%34.3%27.6%72.5%-3.8%-2.4%751.1K-29.9M-204.1K0.1468.686,199861321,52856,993
2025-12-04$4.24$3.0066.8%16.8%34.4%31.1%61.7%-1.0%1.5%813.9K-31.9M-206.4K0.2423.086,3831,537325,10657,720
2025-12-05$4.31$3.0064.4%17.3%34.4%28.3%62.4%-2.8%0.5%847.1K-35.6M-217.2K0.0829.3310,273821326,30658,900
2025-12-08$4.42$3.0062.8%17.3%35.4%26.7%61.9%-8.0%2.7%952.1K-38.8M-221.0K0.1113.569,022971322,19758,118
2025-12-09$4.42$3.0064.8%17.6%34.6%28.9%61.6%-5.4%-1.8%994.4K-39.1M-218.5K0.4115.917,4653,098325,71258,750
2025-12-10$4.42$3.0067.5%18.1%34.0%31.9%66.4%5.0%-4.4%1.0M-40.3M-226.2K0.3649.363,9621,437329,52259,619
2025-12-11$4.36$3.0065.2%18.3%34.1%29.3%63.8%-2.4%-2.9%951.2K-36.1M-212.2K0.1413.004,748677330,13060,383
2025-12-12$4.29$3.0067.0%17.6%31.8%31.3%65.5%-1.8%-5.7%833.6K-34.0M-206.8K0.1025.256,524668331,95460,444
2025-12-15$4.29$3.0065.3%18.5%31.6%29.4%66.0%-8.5%-2.3%851.2K-33.8M-199.0K0.1322.437,510949327,83860,425
2025-12-16$4.39$3.0065.9%18.8%30.7%30.1%65.7%-10.0%-1.4%950.0K-38.4M-211.2K0.0424.5820,415718330,76161,075
2025-12-17$4.28$3.5068.8%19.7%30.1%33.3%70.5%-8.1%-6.0%906.1K-35.2M-208.9K0.1825.6111,1101,991341,83961,479
2025-12-18$4.38$3.5066.3%19.2%30.5%30.5%68.4%-9.2%-4.2%1.0M-39.9M-222.8K0.3410.8721,9077,426344,33262,795
2025-12-19$3.75$3.5052.7%14.9%63.2%15.3%57.5%-9.3%1.9%451.6K-12.0M-161.9K0.4016.9450,78620,476357,79869,818
2025-12-22$3.96$3.5043.7%11.7%66.6%5.2%46.8%0.7%4.3%624.7K-21.8M-174.2K0.1014.6626,1282,612314,69259,374
2025-12-23$4.00$3.5046.0%12.7%66.7%7.8%45.2%0.8%0.8%919.5K-26.0M-186.4K0.0653.6316,142927329,19961,411
2025-12-24$4.00$3.5047.6%12.3%65.6%9.6%44.4%3.4%-1.2%1.1M-25.1M-182.6K0.1612.385,277868333,38861,910
2025-12-26$3.94$3.5045.4%12.5%65.6%7.2%43.1%-0.1%1.9%528.6K-21.3M-173.2K0.3521.404,2901,494333,72962,089
2025-12-29$3.88$3.5046.9%13.3%65.7%8.8%43.1%-13.5%-46.3%515.0K-20.3M-167.6K0.2212.287,9281,736317,25360,187
2025-12-30$3.79$3.5046.2%12.6%65.7%8.0%43.9%-2.2%1.7%420.5K-16.9M-158.1K0.158.926,036881318,26661,622
2025-12-31$3.77$3.5043.8%13.3%65.2%5.4%51.1%6.4%28.7%448.6K-17.3M-157.9K0.0618.2513,611838320,17161,201