BBSI Options History — November 2018

In November 2018, BBSI traded between $16.26 and $19.21. ATM implied volatility averaged 45.9%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 2.7% (HV 20d: 48.5%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.53.

Notable Days

2018-11-06: Highest Volume — 488 contracts
2018-11-09: Largest IV spike — 35.4% change
2018-11-06: Highest IV Rank — 100.0%
2018-11-02: Largest Expected Move — 18.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.60	$16.26	$19.21	$16.26	$17.63
Max Pain	$17.30	$15.00	$20.00	$20.00	$18.75
ATM IV	45.9%	30.9%	76.3%	59.7%	43.0%
Expected Move	11.7%	8.8%	18.7%	17.1%	12.3%
HV 20d	48.5%	36.6%	54.5%	36.6%	54.1%
HV 60d	39.0%	32.8%	41.9%	33.8%	41.9%
IV Rank	43.7%	16.4%	100.0%	72.0%	37.2%
IV Percentile	74.8%	35.7%	100.0%	97.2%	82.5%
Term Structure	-2.8%	-28.7%	5.4%	-10.8%	-5.1%
VWIV	40.3%	27.5%	65.6%	63.0%	40.3%
Skew 25d	4.6%	-12.6%	13.5%	-6.4%	3.2%
Skew 10d	11.8%	-7.0%	33.5%	5.3%	5.8%
Call IV 25d	43.0%	30.2%	80.7%	74.7%	47.8%
Put IV 25d	47.6%	38.3%	68.3%	68.3%	51.0%
Bid-Ask Spread %	84.44	54.67	125.21	103.02	125.21
Gamma HHI	0.25	0.14	0.67	0.24	0.17
Net GEX	-2.1K	-21.3K	3.3K	-5.9K	3.3K
Net DEX	157.1K	-38.5K	446.1K	415.6K	-29.2K
Net VEX	-975	-1.3K	-743	-973	-815
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.47	0.61	0.47	0.50
Total Volume	416.381	344	488	452	360
Total OI	833.333	576	1,080	996	596

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
2018-11-01	$16.26	$20.00	59.7%	17.1%	36.6%	72.0%	63.0%	-6.4%	-10.8%	-5.9K	415.6K	-973	0.47	103.02	308	144	488	508
2018-11-02	$16.71	$20.00	65.3%	18.7%	37.4%	82.6%	65.6%	-12.6%	-28.7%	-6.4K	403.4K	-1.1K	0.49	101.84	292	144	488	512
2018-11-05	$16.38	$0.00	73.3%	13.0%	38.1%	97.7%	0.0%	3.3%	-3.5%	-4.9K	446.1K	-957	0.49	56.70	296	144	492	512
2018-11-06	$17.00	$0.00	76.3%	12.6%	39.5%	100.0%	46.4%	-11.5%	-2.8%	-6.9K	384.8K	-1.0K	0.56	84.43	312	176	496	512
2018-11-07	$18.44	$15.00	52.0%	11.3%	44.7%	55.5%	45.3%	5.5%	-0.8%	-10.7K	246.1K	-1.3K	0.57	67.66	308	176	520	560
2018-11-08	$18.22	$15.00	35.3%	9.6%	42.9%	24.9%	39.0%	9.4%	2.9%	-7.7K	300.4K	-1.0K	0.57	73.45	308	176	520	560
2018-11-09	$17.90	$15.00	47.8%	10.4%	43.8%	47.8%	38.2%	7.9%	0.7%	-4.5K	325.1K	-1.1K	0.57	61.63	308	176	520	560
2018-11-12	$19.21	$15.00	38.5%	10.3%	49.2%	30.3%	36.8%	3.4%	0.6%	-21.3K	201.6K	-1.2K	0.57	69.24	308	176	516	560
2018-11-13	$18.27	$15.00	47.0%	9.5%	52.9%	46.1%	35.8%	7.5%	2.1%	-2.0K	305.3K	-1.1K	0.49	81.80	300	148	516	560
2018-11-14	$18.26	$15.00	37.4%	10.7%	53.0%	28.3%	41.4%	8.0%	0.4%	2.7K	337.3K	-943	0.49	64.24	300	148	516	560
2018-11-15	$18.37	$15.00	30.9%	8.8%	50.2%	16.4%	38.2%	13.5%	-1.4%	658	-26.6K	-952	0.51	85.09	300	152	516	372
2018-11-16	$17.69	$15.00	38.3%	11.0%	52.0%	28.5%	36.5%	7.0%	0.0%	2.8K	33.4K	-791	0.61	54.67	300	184	516	364
2018-11-19	$17.43	$18.75	34.8%	10.0%	52.4%	21.9%	27.5%	6.4%	5.4%	2.0K	-1.0K	-895	0.54	83.70	224	120	400	176
2018-11-20	$17.49	$18.75	41.6%	11.9%	51.8%	34.6%	34.2%	6.6%	-1.4%	1.9K	-1.5K	-876	0.54	66.63	224	120	400	176
2018-11-21	$17.23	$18.75	36.5%	10.5%	52.1%	24.9%	28.9%	6.9%	1.1%	1.4K	3.1K	-826	0.53	77.68	228	120	400	176
2018-11-23	$17.70	$18.75	39.3%	11.3%	52.5%	30.1%	36.5%	4.0%	-2.2%	1.9K	-66	-904	0.53	94.13	228	120	404	180
2018-11-26	$17.48	$18.75	40.6%	11.6%	52.9%	32.6%	35.9%	11.1%	-2.1%	3.2K	-38.5K	-1.1K	0.53	83.45	228	120	404	180
2018-11-27	$17.00	$18.75	41.5%	11.9%	54.3%	34.3%	34.1%	4.1%	-1.5%	696	26.3K	-743	0.53	95.96	228	120	404	180
2018-11-28	$17.59	$18.75	44.8%	12.8%	54.1%	40.5%	38.2%	10.5%	-6.7%	2.2K	-4.4K	-927	0.50	119.56	240	120	404	180
2018-11-29	$17.31	$18.75	39.3%	11.3%	54.5%	30.3%	44.3%	8.4%	-4.8%	3.0K	-28.4K	-838	0.50	123.23	240	120	416	180
2018-11-30	$17.63	$18.75	43.0%	12.3%	54.1%	37.2%	40.3%	3.2%	-5.1%	3.3K	-29.2K	-815	0.50	125.21	240	120	416	180