BBSI Options History — July 2017

In July 2017, BBSI traded between $13.74 and $14.77. ATM implied volatility averaged 35.8%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 17.7% (HV 20d: 18.1%). Max pain ranged from $13.75 to $16.25. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.94.

Notable Days

2017-07-17: Highest Volume — 648 contracts
2017-07-12: Largest IV spike — 51.5% change
2017-07-31: Highest IV Rank — 47.0%
2017-07-31: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.23	$13.74	$14.77	$14.41	$13.74
Max Pain	$16.00	$13.75	$16.25	$13.75	$16.25
ATM IV	35.8%	21.3%	45.8%	21.3%	45.8%
Expected Move	10.8%	6.1%	13.1%	6.1%	13.1%
HV 20d	18.1%	15.9%	19.1%	17.2%	17.5%
HV 60d	19.8%	18.5%	21.3%	20.4%	18.5%
IV Rank	27.8%	0.0%	47.0%	0.0%	47.0%
IV Percentile	43.1%	0.0%	80.2%	0.0%	80.2%
Term Structure	-2.3%	-11.6%	16.4%	10.6%	-11.6%
VWIV	34.0%	24.9%	42.3%	25.3%	42.3%
Skew 25d	7.4%	-0.8%	11.3%	3.0%	8.9%
Skew 10d	15.2%	13.4%	18.8%	13.9%	16.2%
Call IV 25d	34.6%	22.9%	42.0%	22.9%	42.0%
Put IV 25d	42.0%	25.3%	50.9%	25.9%	50.9%
Bid-Ask Spread %	57.65	35.33	105.01	90.86	49.70
Gamma HHI	0.53	0.28	0.80	0.66	0.29
Net GEX	-25.0K	-55.7K	1.6K	-39.8K	-751
Net DEX	142.3K	30.0K	335.6K	244.5K	139.3K
Net VEX	-755	-1.4K	-315	-1.4K	-315
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.94	0.90	2.55	2.38	0.97
Total Volume	519.4	236	648	636	244
Total OI	1,149.6	516	1,436	1,400	528

Daily Data (20 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
2017-07-03	$14.41	$13.75	21.3%	6.1%	17.2%	0.0%	25.3%	3.0%	10.6%	-39.8K	244.5K	-1.4K	2.38	90.86	188	448	404	996
2017-07-05	$14.22	$13.75	23.5%	6.7%	17.7%	4.1%	24.9%	-0.8%	16.4%	-37.4K	237.7K	-1.3K	2.38	105.01	188	448	404	996
2017-07-06	$14.24	$16.25	31.0%	10.8%	15.9%	18.5%	31.5%	6.8%	-1.7%	-48.5K	335.6K	-1.4K	2.38	38.16	188	448	404	996
2017-07-07	$14.77	$16.25	27.9%	10.1%	18.4%	12.5%	28.8%	7.7%	-0.4%	-24.1K	79.0K	-1.2K	2.55	52.86	176	448	404	996
2017-07-10	$14.63	$16.25	27.8%	10.2%	18.5%	12.5%	32.5%	7.5%	-2.0%	-26.9K	131.0K	-1.1K	2.55	54.67	176	448	412	996
2017-07-11	$14.51	$16.25	23.4%	10.4%	18.4%	4.0%	30.5%	7.5%	-1.8%	-42.9K	142.9K	-990	2.55	35.33	176	448	412	996
2017-07-12	$14.45	$16.25	35.5%	10.2%	18.2%	27.2%	31.3%	8.0%	-1.4%	-22.7K	89.7K	-854	2.29	56.16	196	448	412	996
2017-07-13	$14.41	$16.25	35.1%	10.1%	18.2%	26.5%	31.4%	8.6%	-2.0%	-40.3K	166.7K	-949	2.29	39.05	196	448	436	996
2017-07-14	$14.38	$16.25	35.2%	10.1%	18.2%	26.6%	33.9%	6.3%	-1.4%	-51.7K	167.2K	-870	2.29	60.73	196	448	436	996
2017-07-17	$14.38	$16.25	40.6%	11.6%	18.2%	36.8%	31.8%	8.8%	-4.9%	-44.1K	154.5K	-736	2.31	49.75	196	452	436	996
2017-07-18	$14.36	$16.25	40.9%	11.7%	18.1%	37.6%	35.6%	7.8%	-5.7%	-45.6K	144.7K	-711	2.31	51.02	196	452	436	1,000
2017-07-19	$14.26	$16.25	42.5%	12.2%	18.3%	40.5%	35.4%	10.1%	-6.8%	-55.7K	124.6K	-616	2.31	47.85	196	452	436	1,000
2017-07-20	$14.34	$16.25	41.3%	11.8%	18.2%	38.3%	34.7%	8.5%	-5.5%	-21.4K	42.6K	-464	2.31	48.69	196	452	436	1,000
2017-07-21	$14.17	$16.25	40.2%	11.5%	18.5%	36.2%	35.9%	6.8%	-4.9%	1.6K	30.0K	-444	2.29	40.52	196	448	436	1,000
2017-07-24	$13.97	$16.25	40.4%	11.6%	19.1%	36.6%	37.4%	7.4%	-5.4%	678	111.4K	-387	0.90	67.66	124	112	280	236
2017-07-25	$13.98	$16.25	41.0%	11.7%	19.1%	37.7%	37.6%	7.9%	-3.9%	451	117.5K	-346	0.90	70.77	124	112	280	236
2017-07-26	$13.82	$16.25	40.7%	11.7%	18.2%	37.2%	39.0%	11.3%	-3.6%	272	121.9K	-359	0.90	85.25	124	112	280	240
2017-07-27	$13.75	$16.25	41.1%	11.8%	18.0%	37.9%	38.5%	8.7%	-5.6%	-687	136.4K	-319	0.97	64.66	124	120	280	240
2017-07-28	$13.80	$16.25	41.4%	11.9%	18.1%	38.5%	40.9%	7.1%	-5.4%	-409	128.5K	-380	0.97	44.29	124	120	280	248
2017-07-31	$13.74	$16.25	45.8%	13.1%	17.5%	47.0%	42.3%	8.9%	-11.6%	-751	139.3K	-315	0.97	49.70	124	120	280	248