BBSI Options History — September 2018

In September 2018, BBSI traded between $15.79 and $18.56. ATM implied volatility averaged 39.6%, placing in the 42.0% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 3.1% (HV 20d: 36.6%). Max pain ranged from $16.25 to $18.75. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.49.

Notable Days

2018-09-04: Highest Volume — 552 contracts
2018-09-05: Largest IV spike — 28.9% change
2018-09-17: Highest IV Rank — 50.7%
2018-09-17: Largest Expected Move — 12.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.81	$15.79	$18.56	$18.56	$16.68
Max Pain	$18.04	$16.25	$18.75	$18.75	$16.25
ATM IV	39.6%	33.8%	44.9%	33.8%	39.8%
Expected Move	11.3%	9.7%	12.9%	9.7%	11.4%
HV 20d	36.6%	25.7%	103.7%	103.7%	30.5%
HV 60d	65.2%	63.5%	66.1%	66.1%	64.4%
IV Rank	42.0%	32.3%	50.7%	32.3%	42.2%
IV Percentile	76.1%	55.6%	91.7%	59.5%	75.0%
Term Structure	2.5%	-11.4%	7.0%	1.9%	7.0%
VWIV	37.4%	29.2%	46.2%	35.8%	39.7%
Skew 25d	5.9%	-2.9%	17.4%	1.4%	14.6%
Skew 10d	5.8%	-8.7%	19.9%	13.1%	19.9%
Call IV 25d	39.1%	33.9%	46.8%	33.9%	37.5%
Put IV 25d	45.0%	35.3%	56.0%	35.3%	52.0%
Bid-Ask Spread %	81.43	47.10	110.44	101.94	90.09
Gamma HHI	0.23	0.18	0.29	0.20	0.28
Net GEX	-15.2K	-25.5K	-4.2K	-19.7K	-5.0K
Net DEX	552.8K	304.0K	801.7K	344.0K	378.9K
Net VEX	-1.6K	-2.6K	-1.2K	-2.4K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.34	0.86	0.86	0.51
Total Volume	456.211	400	552	552	472
Total OI	1,171.789	932	1,320	1,232	968

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
2018-09-04	$18.56	$18.75	33.8%	9.7%	103.7%	32.3%	35.8%	1.4%	1.9%	-19.7K	344.0K	-2.4K	0.86	101.94	296	256	556	676
2018-09-05	$18.55	$18.75	43.6%	12.5%	103.5%	48.6%	46.2%	2.0%	-11.4%	-15.2K	304.0K	-2.6K	0.86	110.16	296	256	556	676
2018-09-06	$18.40	$0.00	38.8%	11.3%	33.0%	40.6%	0.0%	7.0%	0.4%	-19.4K	361.5K	-2.3K	0.86	87.13	296	256	556	676
2018-09-07	$17.96	$0.00	40.5%	10.5%	34.2%	43.5%	0.0%	6.3%	5.2%	-23.7K	476.8K	-2.1K	0.43	47.10	296	128	556	676
2018-09-10	$17.69	$0.00	40.2%	10.6%	28.8%	42.9%	0.0%	8.7%	5.2%	-25.5K	478.5K	-2.0K	0.35	56.20	296	104	556	676
2018-09-11	$17.20	$0.00	42.8%	12.2%	29.1%	47.2%	0.0%	-1.6%	1.0%	-23.5K	584.5K	-1.9K	0.36	60.94	296	108	556	680
2018-09-12	$16.78	$0.00	41.8%	12.0%	27.3%	45.5%	39.1%	3.9%	2.2%	-23.5K	654.5K	-1.6K	0.46	71.06	296	136	556	676
2018-09-13	$16.24	$18.75	38.5%	11.0%	28.2%	40.1%	29.2%	-2.9%	2.9%	-18.0K	756.2K	-1.3K	0.46	74.59	296	136	556	696
2018-09-14	$16.47	$18.75	38.6%	11.1%	28.8%	40.3%	30.9%	3.0%	4.4%	-20.3K	761.7K	-1.3K	0.46	86.96	296	136	556	700
2018-09-17	$16.27	$18.75	44.9%	12.9%	28.4%	50.7%	31.3%	0.6%	0.9%	-18.7K	758.1K	-1.3K	0.46	64.20	296	136	556	700
2018-09-18	$16.21	$18.75	41.9%	12.0%	28.2%	45.8%	32.2%	0.8%	2.9%	-19.0K	708.7K	-1.3K	0.46	67.29	296	136	556	672
2018-09-19	$15.86	$18.75	39.8%	11.4%	26.2%	42.2%	38.8%	8.8%	3.2%	-16.6K	723.7K	-1.2K	0.48	74.51	308	148	556	672
2018-09-20	$15.79	$18.75	37.3%	10.7%	25.7%	38.1%	39.5%	8.8%	2.0%	-15.3K	801.7K	-1.2K	0.45	108.09	348	156	596	720
2018-09-21	$15.83	$18.75	40.2%	11.5%	25.9%	43.0%	40.8%	7.5%	-0.3%	-5.5K	784.0K	-1.4K	0.44	76.34	352	156	600	720
2018-09-24	$16.13	$18.75	35.7%	10.2%	27.6%	35.5%	36.5%	13.7%	5.9%	-6.0K	407.8K	-1.4K	0.34	90.95	308	104	468	464
2018-09-25	$16.20	$16.25	40.9%	11.7%	27.9%	44.2%	43.6%	3.6%	3.0%	-5.6K	407.7K	-1.2K	0.36	95.95	312	112	488	464
2018-09-26	$16.56	$16.25	34.5%	9.9%	28.6%	33.5%	37.1%	8.2%	6.8%	-4.2K	398.0K	-1.3K	0.36	110.44	312	112	492	472
2018-09-27	$16.07	$16.25	39.5%	11.3%	29.0%	41.7%	40.3%	17.4%	3.6%	-4.4K	413.3K	-1.3K	0.36	73.29	312	112	492	472
2018-09-28	$16.68	$16.25	39.8%	11.4%	30.5%	42.2%	39.7%	14.6%	7.0%	-5.0K	378.9K	-1.4K	0.51	90.09	312	160	492	476