BBSI Options History — November 2017

In November 2017, BBSI traded between $14.88 and $16.80. ATM implied volatility averaged 31.3%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 2.3% (HV 20d: 29.0%). Max pain ranged from $13.75 to $16.25. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.87.

Notable Days

2017-11-17: Highest Volume — 636 contracts
2017-11-08: Largest IV drop — 60.2% change
2017-11-07: Highest IV Rank — 74.5%
2017-11-01: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.92	$14.88	$16.80	$15.00	$16.61
Max Pain	$15.66	$13.75	$16.25	$13.75	$15.00
ATM IV	31.3%	21.7%	58.4%	48.8%	26.8%
Expected Move	7.9%	6.2%	14.0%	14.0%	7.7%
HV 20d	29.0%	18.8%	32.8%	18.8%	29.6%
HV 60d	23.4%	21.4%	37.0%	37.0%	21.7%
IV Rank	30.9%	14.6%	74.5%	58.3%	25.0%
IV Percentile	31.2%	0.8%	98.8%	94.4%	23.8%
Term Structure	0.9%	-12.1%	4.5%	-12.1%	-0.9%
VWIV	26.9%	22.1%	58.8%	58.8%	26.7%
Skew 25d	6.5%	4.2%	11.0%	11.0%	4.6%
Skew 10d	13.6%	6.7%	26.5%	26.5%	7.9%
Call IV 25d	24.5%	16.9%	44.7%	44.7%	24.2%
Put IV 25d	31.0%	22.5%	55.7%	55.7%	28.9%
Bid-Ask Spread %	55.84	33.81	86.58	70.40	66.86
Gamma HHI	0.72	0.47	0.96	0.96	0.51
Net GEX	128.9K	7.1K	362.7K	239.0K	24.6K
Net DEX	-3.3M	-6.7M	-247.2K	-3.1M	-343.9K
Net VEX	-2.1K	-5.3K	-343	-5.3K	-1.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.87	0.27	4.94	4.94	0.27
Total Volume	333.143	244	636	380	264
Total OI	3,028	428	4,712	4,500	536

Daily Data (21 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
2017-11-01	$15.00	$13.75	48.8%	14.0%	18.8%	58.3%	58.8%	11.0%	-12.1%	239.0K	-3.1M	-5.3K	4.94	70.40	64	316	4,160	340
2017-11-02	$15.38	$0.00	53.3%	10.0%	20.3%	65.9%	0.0%	6.6%	-1.6%	229.0K	-3.8M	-5.1K	4.94	55.76	64	316	4,160	340
2017-11-03	$15.09	$0.00	50.8%	9.7%	21.9%	61.6%	31.5%	6.3%	-0.4%	250.9K	-3.4M	-5.0K	2.35	47.70	80	188	4,160	340
2017-11-06	$15.17	$16.25	57.1%	10.3%	21.8%	72.3%	30.8%	7.5%	-2.9%	249.8K	-3.5M	-4.5K	2.35	58.10	80	188	4,176	328
2017-11-07	$14.88	$16.25	58.4%	9.9%	23.0%	74.5%	30.1%	6.0%	-0.8%	255.8K	-3.0M	-4.3K	2.90	53.44	80	232	4,176	328
2017-11-08	$15.71	$16.25	23.2%	6.7%	29.4%	15.0%	23.6%	8.4%	3.8%	329.1K	-5.3M	-3.0K	2.06	86.58	128	264	4,176	376
2017-11-09	$15.65	$16.25	21.7%	6.2%	29.4%	14.6%	23.5%	8.9%	2.6%	362.7K	-5.4M	-2.6K	4.19	64.42	64	268	4,216	380
2017-11-10	$16.16	$16.25	23.2%	6.7%	31.1%	17.7%	23.2%	9.6%	3.1%	73.7K	-6.6M	-481	3.40	72.13	80	272	4,220	384
2017-11-13	$16.18	$16.25	23.5%	6.7%	31.1%	18.3%	23.3%	4.2%	2.2%	58.8K	-6.7M	-343	3.24	54.46	84	272	4,200	404
2017-11-14	$15.90	$16.25	22.3%	6.4%	32.1%	15.9%	22.1%	4.3%	3.0%	160.1K	-6.3M	-667	2.00	56.62	136	272	4,196	404
2017-11-15	$15.74	$16.25	22.0%	6.3%	32.4%	15.2%	22.6%	6.9%	4.5%	147.9K	-6.3M	-579	2.27	41.77	120	272	4,232	404
2017-11-16	$15.81	$16.25	23.3%	6.7%	32.4%	17.9%	23.0%	6.1%	2.2%	167.6K	-6.3M	-550	1.74	56.77	156	272	4,236	404
2017-11-17	$16.09	$16.25	23.2%	6.6%	32.7%	17.6%	23.0%	6.3%	4.5%	7.1K	-6.7M	-529	0.75	72.11	364	272	4,308	404
2017-11-20	$16.37	$16.25	25.9%	7.4%	32.6%	23.2%	25.3%	6.0%	0.7%	17.4K	-247.2K	-1.1K	0.30	45.79	188	56	368	60
2017-11-21	$16.43	$15.00	24.2%	6.9%	32.6%	19.6%	23.6%	4.7%	3.4%	21.6K	-305.4K	-1.3K	0.27	34.51	208	56	452	60
2017-11-22	$16.30	$15.00	24.9%	7.1%	32.7%	21.1%	23.8%	5.6%	1.9%	21.7K	-295.3K	-1.4K	0.27	33.81	208	56	472	60
2017-11-24	$16.20	$15.00	25.3%	7.2%	32.8%	21.8%	24.7%	5.3%	1.9%	21.6K	-275.8K	-1.3K	0.27	63.64	208	56	472	60
2017-11-27	$16.32	$15.00	26.9%	7.7%	32.7%	25.1%	26.4%	5.7%	0.3%	22.5K	-294.6K	-1.3K	0.27	49.76	208	56	472	60
2017-11-28	$16.52	$15.00	26.1%	7.5%	30.3%	23.5%	25.8%	6.8%	2.6%	23.0K	-332.2K	-1.4K	0.27	38.77	208	56	472	60
2017-11-29	$16.80	$15.00	26.9%	7.7%	29.8%	25.2%	26.2%	5.7%	2.0%	23.5K	-385.1K	-1.4K	0.27	49.26	208	56	472	60
2017-11-30	$16.61	$15.00	26.8%	7.7%	29.6%	25.0%	26.7%	4.6%	-0.9%	24.6K	-343.9K	-1.3K	0.27	66.86	208	56	476	60