BBSI Options History — February 2018

In February 2018, BBSI traded between $15.94 and $18.66. ATM implied volatility averaged 38.1%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 5.3% (HV 20d: 32.8%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.88.

Notable Days

2018-02-16: Highest Volume — 576 contracts
2018-02-28: Largest IV drop — 37.1% change
2018-02-27: Highest IV Rank — 64.0%
2018-02-27: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.95	$15.94	$18.66	$17.42	$18.66
Max Pain	$17.50	$17.50	$17.50	$17.50	$17.50
ATM IV	38.1%	28.3%	46.3%	28.3%	29.1%
Expected Move	11.2%	8.4%	13.3%	9.8%	8.4%
HV 20d	32.8%	29.9%	35.9%	31.8%	33.0%
HV 60d	29.1%	27.9%	30.6%	29.6%	30.6%
IV Rank	47.6%	28.0%	64.0%	28.0%	29.6%
IV Percentile	70.7%	41.3%	91.3%	41.3%	46.8%
Term Structure	-4.2%	-13.9%	1.7%	-1.9%	1.7%
VWIV	33.5%	26.4%	46.5%	32.2%	26.4%
Skew 25d	5.9%	-1.6%	12.1%	5.2%	6.9%
Skew 10d	11.7%	1.0%	20.7%	6.6%	13.1%
Call IV 25d	35.7%	26.8%	47.3%	32.0%	26.8%
Put IV 25d	41.5%	33.6%	45.7%	37.2%	33.6%
Bid-Ask Spread %	78.19	50.77	98.30	74.76	59.95
Gamma HHI	0.45	0.27	0.70	0.68	0.27
Net GEX	37.6K	5.5K	95.6K	94.1K	17.6K
Net DEX	-301.3K	-875.0K	-45.0K	-875.0K	-379.2K
Net VEX	-1.7K	-2.6K	-1.3K	-2.6K	-1.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.88	0.57	1.06	0.97	0.57
Total Volume	453.895	280	576	504	476
Total OI	1,194.526	452	1,648	1,600	612

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
2018-02-01	$17.42	$17.50	28.3%	9.8%	31.8%	28.0%	32.2%	5.2%	-1.9%	94.1K	-875.0K	-2.6K	0.97	74.76	256	248	1,184	416
2018-02-02	$17.40	$17.50	28.4%	10.2%	31.7%	28.1%	34.3%	8.8%	-4.0%	95.6K	-857.1K	-2.5K	0.97	50.77	256	248	1,184	416
2018-02-05	$17.15	$17.50	29.2%	10.1%	32.3%	29.7%	35.9%	4.1%	-0.3%	89.2K	-635.4K	-2.3K	0.97	63.10	256	248	1,184	416
2018-02-06	$16.77	$17.50	38.2%	11.7%	33.5%	47.7%	37.1%	7.0%	-3.7%	66.0K	-424.2K	-2.2K	0.97	66.99	256	248	1,184	416
2018-02-07	$16.17	$17.50	36.6%	10.5%	35.7%	44.5%	32.4%	4.9%	1.1%	46.6K	-233.1K	-1.9K	0.94	58.64	264	248	1,184	416
2018-02-08	$15.94	$17.50	40.4%	11.6%	35.9%	52.2%	28.9%	3.3%	-3.8%	29.6K	-45.0K	-1.6K	0.91	93.09	272	248	1,204	416
2018-02-09	$16.18	$17.50	42.6%	12.2%	34.3%	56.6%	28.4%	9.1%	-6.5%	38.7K	-131.4K	-1.8K	0.89	93.86	280	248	1,232	416
2018-02-12	$15.99	$17.50	41.6%	11.9%	34.1%	54.6%	39.9%	7.9%	-4.8%	36.6K	-90.5K	-1.6K	0.89	90.96	280	248	1,232	416
2018-02-13	$16.26	$17.50	40.7%	11.7%	34.3%	52.8%	29.3%	6.8%	-3.7%	33.8K	-86.3K	-1.5K	0.89	79.69	280	248	1,232	416
2018-02-14	$16.49	$17.50	39.8%	11.4%	32.5%	51.0%	30.3%	6.8%	-3.1%	59.9K	-226.4K	-1.4K	0.89	83.53	280	248	1,232	360
2018-02-15	$16.62	$17.50	40.1%	11.5%	32.7%	51.5%	28.6%	11.9%	-3.3%	61.0K	-308.0K	-1.5K	0.91	86.11	272	248	1,232	360
2018-02-16	$17.00	$17.50	37.1%	10.6%	30.8%	45.6%	27.7%	12.1%	-2.1%	5.5K	-325.5K	-1.4K	0.76	88.17	328	248	1,232	360
2018-02-20	$16.69	$17.50	43.0%	12.3%	31.3%	57.4%	28.7%	5.4%	-7.4%	5.5K	-123.2K	-1.4K	0.92	85.63	156	144	260	192
2018-02-21	$17.17	$17.50	41.6%	11.9%	33.2%	54.6%	39.5%	2.4%	-7.1%	6.8K	-165.5K	-1.3K	0.92	71.98	156	144	260	192
2018-02-22	$16.97	$17.50	41.4%	11.9%	31.8%	54.2%	37.1%	1.7%	-6.5%	6.0K	-151.3K	-1.3K	0.92	90.67	156	144	260	192
2018-02-23	$17.29	$17.50	38.6%	11.1%	32.4%	48.6%	35.3%	6.8%	-5.0%	5.9K	-184.0K	-1.3K	0.88	98.30	164	144	260	192
2018-02-26	$17.59	$17.50	40.8%	11.7%	29.9%	53.0%	37.6%	2.4%	-5.8%	7.5K	-213.4K	-1.3K	1.06	81.73	136	144	276	192
2018-02-27	$18.24	$17.50	46.3%	13.3%	32.2%	64.0%	46.5%	-1.6%	-13.9%	7.5K	-270.3K	-1.3K	0.58	67.74	256	148	276	192
2018-02-28	$18.66	$17.50	29.1%	8.4%	33.0%	29.6%	26.4%	6.9%	1.7%	17.6K	-379.2K	-1.3K	0.57	59.95	304	172	416	196