BBSI Options History — February 2019

In February 2019, BBSI traded between $15.69 and $20.12. ATM implied volatility averaged 44.0%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 16.4% (HV 20d: 27.6%). Max pain ranged from $13.75 to $16.25. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.77.

Notable Days

2019-02-21: Highest Volume — 136 contracts
2019-02-27: Largest IV drop — 27.1% change
2019-02-21: Highest IV Rank — 48.0%
2019-02-21: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.35	$15.69	$20.12	$15.69	$19.70
Max Pain	$15.83	$13.75	$16.25	$16.25	$16.25
ATM IV	44.0%	33.6%	48.8%	38.4%	41.3%
Expected Move	12.9%	9.6%	14.0%	12.7%	11.9%
HV 20d	27.6%	17.2%	33.5%	33.5%	30.7%
HV 60d	36.9%	33.9%	43.4%	43.4%	37.0%
IV Rank	38.9%	19.3%	48.0%	28.2%	33.9%
IV Percentile	70.1%	25.8%	84.5%	46.0%	60.3%
Term Structure	-5.2%	-14.7%	-1.6%	-2.3%	-14.7%
VWIV	47.5%	32.1%	58.7%	45.8%	44.9%
Skew 25d	6.6%	-5.4%	12.1%	8.3%	10.6%
Skew 10d	14.7%	9.6%	21.4%	14.5%	18.8%
Call IV 25d	43.6%	34.1%	48.6%	41.7%	48.6%
Put IV 25d	50.2%	28.7%	59.2%	50.1%	59.2%
Bid-Ask Spread %	47.93	28.74	121.55	28.74	121.55
Gamma HHI	0.25	0.20	0.37	0.27	0.32
Net GEX	1.1K	-560	4.0K	867	3.6K
Net DEX	-94.4K	-309.4K	-12.9K	-12.9K	-286.2K
Net VEX	-339	-391	-304	-356	-350
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.00	2.00	2.00	0.35
Total Volume	39.789	0	136	16	92
Total OI	449.474	160	584	584	372

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
2019-02-01	$15.69	$0.00	38.4%	12.7%	33.5%	28.2%	0.0%	8.3%	-2.3%	867	-12.9K	-356	0.00	28.74	0	16	420	164
2019-02-04	$16.01	$0.00	40.0%	12.8%	31.2%	31.3%	0.0%	8.9%	-1.6%	733	-23.8K	-349	0.00	33.56	0	8	420	164
2019-02-05	$16.10	$0.00	37.9%	12.4%	30.8%	27.5%	0.0%	7.2%	-1.7%	597	-25.0K	-341	0.00	34.59	0	12	420	156
2019-02-06	$16.06	$0.00	45.9%	13.2%	30.5%	42.5%	45.8%	7.0%	-3.6%	704	-23.9K	-338	2.00	31.68	4	8	420	156
2019-02-07	$15.97	$16.25	45.1%	12.9%	30.5%	41.1%	45.1%	8.4%	-2.0%	693	-25.4K	-337	2.00	35.51	4	8	424	148
2019-02-08	$15.85	$16.25	45.2%	12.9%	30.5%	41.1%	45.1%	8.1%	-2.5%	793	-22.7K	-331	2.00	34.40	4	8	424	148
2019-02-11	$16.26	$16.25	45.9%	13.1%	31.4%	42.4%	0.0%	8.1%	-3.0%	105	-35.5K	-319	0.00	30.35	0	0	424	148
2019-02-12	$16.52	$16.25	46.8%	13.4%	28.9%	44.1%	0.0%	6.0%	-4.1%	-560	-44.3K	-312	0.00	28.74	4	0	424	148
2019-02-13	$16.78	$16.25	44.9%	12.9%	29.1%	40.7%	0.0%	5.1%	-2.7%	46	-52.9K	-317	0.00	38.14	4	0	428	148
2019-02-14	$17.18	$16.25	43.7%	12.5%	28.7%	38.3%	0.0%	5.1%	-2.3%	767	-62.5K	-314	0.00	34.39	8	0	428	148
2019-02-15	$17.68	$16.25	44.9%	12.9%	29.5%	40.7%	45.3%	2.8%	-3.4%	1.2K	-74.1K	-318	0.00	40.51	60	0	432	148
2019-02-19	$17.92	$16.25	46.5%	13.3%	29.4%	43.6%	46.7%	7.5%	-7.0%	1.5K	-68.8K	-312	0.00	40.35	4	0	76	84
2019-02-20	$18.00	$16.25	47.3%	13.6%	21.6%	45.3%	57.3%	4.1%	-7.8%	1.5K	-71.4K	-304	0.53	44.00	60	32	76	84
2019-02-21	$18.12	$13.75	48.8%	14.0%	21.6%	48.0%	49.9%	7.7%	-9.5%	1.8K	-163.3K	-362	1.27	46.46	60	76	132	120
2019-02-22	$18.32	$15.00	46.2%	13.2%	21.0%	43.0%	58.7%	6.6%	-8.1%	345	-156.0K	-391	1.27	45.77	60	76	132	160
2019-02-25	$18.59	$15.00	47.5%	13.6%	21.0%	45.5%	52.0%	6.4%	-10.1%	631	-165.4K	-365	1.00	55.49	4	4	132	160
2019-02-26	$18.69	$15.00	46.2%	13.2%	17.2%	43.0%	47.3%	12.1%	-7.5%	934	-169.6K	-379	0.43	77.08	56	24	136	164
2019-02-27	$20.12	$16.25	33.6%	9.6%	28.3%	19.3%	32.1%	-5.4%	-4.5%	4.0K	-309.4K	-343	0.67	109.47	36	24	188	184
2019-02-28	$19.70	$16.25	41.3%	11.9%	30.7%	33.9%	44.9%	10.6%	-14.7%	3.6K	-286.2K	-350	0.35	121.55	68	24	188	184