BBSI Options History — February 2017

In February 2017, BBSI traded between $15.01 and $16.12. ATM implied volatility averaged 42.7%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 17.2% (HV 20d: 25.4%). Max pain ranged from $13.75 to $16.25. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.60.

Notable Days

2017-02-14: Highest Volume — 5,008 contracts
2017-02-27: Largest IV spike — 30.1% change
2017-02-27: Highest IV Rank — 27.2%
2017-02-01: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.60	$15.01	$16.12	$15.16	$15.95
Max Pain	$15.53	$13.75	$16.25	$13.75	$15.00
ATM IV	42.7%	36.1%	53.4%	47.1%	46.4%
Expected Move	11.7%	10.3%	13.5%	13.5%	13.3%
HV 20d	25.4%	20.9%	28.0%	23.3%	24.7%
HV 60d	24.3%	22.7%	27.3%	27.2%	23.0%
IV Rank	20.6%	15.2%	27.2%	20.7%	26.6%
IV Percentile	32.1%	19.8%	53.6%	39.3%	42.5%
Term Structure	-0.6%	-7.5%	4.7%	-5.6%	-5.4%
VWIV	39.2%	34.7%	49.1%	49.1%	44.8%
Skew 25d	9.2%	5.7%	18.8%	10.3%	6.0%
Skew 10d	16.8%	9.0%	26.4%	12.9%	15.5%
Call IV 25d	37.3%	34.2%	43.2%	39.9%	43.2%
Put IV 25d	46.5%	43.4%	57.1%	50.2%	49.2%
Bid-Ask Spread %	68.22	50.98	96.52	96.52	83.38
Gamma HHI	0.92	0.89	0.96	0.89	0.91
Net GEX	230.2K	171.3K	281.0K	175.3K	269.2K
Net DEX	-2.8M	-3.9M	-2.0M	-2.2M	-3.1M
Net VEX	-8.6K	-9.7K	-7.3K	-9.7K	-7.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.14	1.78	0.15	1.21
Total Volume	3,220.842	624	5,008	4,948	680
Total OI	7,151.579	4,756	8,432	8,140	4,900

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2017-02-01	$15.16	$13.75	47.1%	13.5%	23.3%	20.7%	49.1%	10.3%	-5.6%	175.3K	-2.2M	-9.7K	0.15	96.52	4,320	628	4,836	3,304
2017-02-02	$15.01	$16.25	47.4%	11.9%	23.4%	20.9%	37.6%	9.5%	-0.5%	171.3K	-2.1M	-9.3K	0.15	55.05	4,320	628	4,836	3,304
2017-02-03	$15.27	$16.25	48.6%	11.6%	20.9%	21.9%	36.0%	9.4%	0.1%	182.4K	-2.2M	-9.3K	0.15	62.57	4,320	628	4,836	3,304
2017-02-06	$15.03	$16.25	49.3%	11.7%	21.5%	22.5%	35.4%	9.6%	-0.1%	182.8K	-2.0M	-8.3K	0.15	52.33	4,308	628	4,836	3,304
2017-02-07	$15.50	$16.25	53.4%	11.4%	24.4%	25.9%	34.7%	11.3%	2.2%	205.6K	-2.6M	-9.2K	0.15	66.37	4,308	628	4,864	3,304
2017-02-08	$15.24	$16.25	39.8%	11.4%	25.0%	19.3%	37.1%	9.0%	0.1%	181.6K	-2.1M	-8.4K	0.15	71.90	4,308	628	4,864	3,304
2017-02-09	$15.23	$16.25	41.5%	11.9%	24.7%	21.2%	35.3%	13.4%	-0.5%	197.6K	-2.3M	-8.7K	0.15	66.27	4,308	640	4,864	3,304
2017-02-10	$15.68	$16.25	37.6%	10.8%	27.0%	16.9%	36.9%	9.2%	1.6%	229.5K	-3.2M	-9.2K	0.14	51.07	4,340	624	4,864	3,320
2017-02-13	$15.47	$16.25	40.7%	11.7%	27.2%	20.3%	38.3%	8.0%	1.8%	229.7K	-3.0M	-8.7K	0.14	62.26	4,372	624	4,864	3,328
2017-02-14	$15.87	$16.25	38.0%	10.9%	27.6%	17.3%	38.2%	9.7%	1.1%	256.6K	-3.4M	-8.9K	0.14	53.68	4,384	624	4,964	3,328
2017-02-15	$16.12	$16.25	39.2%	11.2%	28.0%	18.6%	39.1%	7.8%	0.3%	275.4K	-3.9M	-8.9K	0.15	64.65	4,368	636	4,944	3,364
2017-02-16	$15.98	$16.25	40.5%	11.6%	27.2%	20.0%	39.9%	8.2%	-1.5%	255.7K	-3.7M	-8.8K	1.19	50.98	636	756	4,948	3,376
2017-02-17	$16.04	$16.25	41.4%	11.9%	27.0%	21.1%	40.1%	7.5%	-2.5%	238.0K	-3.9M	-8.9K	1.78	51.98	484	860	5,056	3,376
2017-02-21	$15.78	$16.25	38.8%	11.1%	27.5%	18.2%	39.1%	5.7%	-1.1%	260.1K	-2.6M	-8.1K	1.14	76.52	292	332	4,460	296
2017-02-22	$15.73	$13.75	36.6%	10.5%	26.8%	15.8%	39.2%	6.6%	3.0%	274.5K	-2.5M	-7.9K	1.14	87.45	292	332	4,460	388
2017-02-23	$15.57	$13.75	41.8%	12.0%	25.8%	21.5%	40.5%	6.6%	-2.2%	257.3K	-2.2M	-7.7K	1.08	78.31	308	332	4,472	388
2017-02-24	$15.70	$13.75	36.1%	10.3%	25.8%	15.2%	39.6%	7.8%	4.7%	281.0K	-2.2M	-7.3K	1.08	90.04	308	332	4,472	388
2017-02-27	$16.01	$13.75	46.9%	13.5%	25.5%	27.2%	43.4%	18.8%	-7.5%	250.4K	-3.1M	-7.7K	1.21	74.91	308	372	4,472	388
2017-02-28	$15.95	$15.00	46.4%	13.3%	24.7%	26.6%	44.8%	6.0%	-5.4%	269.2K	-3.1M	-7.5K	1.21	83.38	308	372	4,472	428