BBSI Options History — March 2019

In March 2019, BBSI traded between $18.64 and $20.33. ATM implied volatility averaged 40.3%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 11.0% (HV 20d: 29.3%). Max pain ranged from $15.00 to $18.75. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.91.

Notable Days

2019-03-01: Highest Volume — 92 contracts
2019-03-12: Largest IV drop — 53.0% change
2019-03-11: Highest IV Rank — 95.7%
2019-03-08: Largest Expected Move — 17.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.71	$18.64	$20.33	$19.97	$19.39
Max Pain	$15.95	$15.00	$18.75	$16.25	$15.00
ATM IV	40.3%	26.9%	74.0%	44.5%	36.5%
Expected Move	11.6%	10.2%	17.1%	12.8%	10.2%
HV 20d	29.3%	20.1%	34.4%	30.1%	20.1%
HV 60d	32.4%	30.2%	37.1%	37.1%	30.3%
IV Rank	31.9%	6.6%	95.7%	39.9%	24.7%
IV Percentile	44.3%	2.8%	99.2%	69.8%	32.9%
Term Structure	2.0%	-7.3%	8.7%	-7.3%	-3.7%
VWIV	54.3%	41.7%	75.5%	41.7%	61.6%
Skew 25d	1.0%	-13.8%	11.7%	6.0%	2.7%
Skew 10d	0.6%	-22.7%	22.6%	22.6%	-4.2%
Call IV 25d	35.4%	22.1%	48.0%	48.0%	44.8%
Put IV 25d	36.4%	28.0%	54.0%	54.0%	47.5%
Bid-Ask Spread %	104.16	71.19	124.91	123.33	105.69
Gamma HHI	0.37	0.23	0.51	0.30	0.38
Net GEX	2.8K	1.3K	4.1K	4.1K	2.4K
Net DEX	-149.9K	-289.7K	-90.2K	-289.7K	-109.2K
Net VEX	-270	-454	-203	-454	-203
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.00	2.00	0.35	2.00
Total Volume	7.81	0	92	92	0
Total OI	248.19	172	384	384	172

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
2019-03-01	$19.97	$16.25	44.5%	12.8%	30.1%	39.9%	41.7%	6.0%	-7.3%	4.1K	-289.7K	-454	0.35	123.33	68	24	200	184
2019-03-04	$20.33	$18.75	44.8%	12.9%	29.7%	40.5%	47.8%	2.8%	5.5%	3.7K	-206.6K	-284	0.00	120.69	4	0	132	184
2019-03-05	$20.30	$18.75	46.7%	13.4%	30.0%	44.1%	75.5%	0.6%	4.7%	2.2K	-177.4K	-346	1.00	124.91	4	4	132	184
2019-03-06	$20.29	$18.75	40.4%	11.6%	30.3%	32.1%	43.9%	0.9%	4.7%	3.3K	-198.6K	-353	1.00	101.10	4	4	132	184
2019-03-07	$20.20	$18.75	54.0%	15.5%	30.4%	57.9%	55.3%	3.7%	3.5%	3.6K	-195.3K	-309	1.00	109.07	4	4	132	184
2019-03-08	$20.14	$18.75	59.8%	17.1%	30.2%	68.7%	61.6%	1.0%	1.4%	3.5K	-190.1K	-301	1.00	103.70	4	4	132	184
2019-03-11	$20.16	$15.00	74.0%	10.8%	29.7%	95.7%	0.0%	-3.8%	4.2%	3.8K	-195.0K	-281	0.00	101.97	0	0	132	184
2019-03-12	$20.09	$15.00	34.8%	10.7%	29.7%	21.5%	0.0%	-1.7%	3.4%	4.1K	-196.2K	-278	0.00	104.57	0	8	132	184
2019-03-13	$20.05	$15.00	34.2%	10.4%	30.0%	20.3%	0.0%	11.7%	1.3%	3.8K	-188.2K	-302	0.00	100.87	0	8	132	188
2019-03-14	$20.00	$15.00	32.7%	10.7%	30.2%	17.6%	0.0%	-3.2%	4.8%	1.3K	-132.3K	-241	0.00	106.93	0	8	100	188
2019-03-15	$19.80	$15.00	32.0%	10.6%	30.4%	16.2%	0.0%	3.4%	5.4%	2.1K	-132.2K	-243	2.00	107.82	4	8	100	188
2019-03-18	$19.85	$15.00	35.5%	10.3%	29.3%	22.8%	0.0%	2.6%	-2.7%	2.2K	-110.5K	-263	0.00	101.56	0	0	84	88
2019-03-19	$19.59	$15.00	34.8%	10.5%	29.9%	21.4%	0.0%	-1.8%	-0.7%	2.1K	-111.0K	-239	0.00	103.33	0	0	84	88
2019-03-20	$19.39	$15.00	30.6%	10.5%	30.3%	13.6%	0.0%	-8.3%	3.4%	2.2K	-107.9K	-238	0.00	102.69	0	0	84	88
2019-03-21	$19.38	$15.00	26.9%	10.5%	30.4%	6.6%	0.0%	10.5%	8.7%	2.3K	-106.7K	-231	0.00	85.14	0	0	84	88
2019-03-22	$18.64	$15.00	31.8%	11.1%	33.7%	15.8%	0.0%	7.0%	6.4%	2.2K	-90.2K	-254	0.00	71.19	0	0	84	88
2019-03-25	$19.11	$15.00	37.2%	10.9%	34.4%	26.1%	0.0%	5.1%	0.8%	2.5K	-98.9K	-209	0.00	101.12	0	0	84	88
2019-03-26	$19.03	$15.00	38.1%	10.9%	34.4%	27.8%	0.0%	-13.8%	-3.5%	2.3K	-104.7K	-208	0.00	103.87	0	0	84	88
2019-03-27	$19.02	$15.00	40.6%	11.1%	21.1%	32.6%	0.0%	-5.9%	-5.0%	2.3K	-104.0K	-215	0.00	102.61	0	0	84	88
2019-03-28	$19.18	$15.00	35.8%	10.7%	20.3%	23.4%	0.0%	2.6%	6.7%	2.4K	-104.3K	-208	0.00	105.13	0	0	84	88
2019-03-29	$19.39	$15.00	36.5%	10.2%	20.1%	24.7%	0.0%	2.7%	-3.7%	2.4K	-109.2K	-203	0.00	105.69	0	0	84	88