BBSI Options History — September 2019

In September 2019, BBSI traded between $21.55 and $22.52. ATM implied volatility averaged 33.8%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 11.0% (HV 20d: 22.8%). Max pain ranged from $18.75 to $20.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 5.69.

Notable Days

2019-09-26: Highest Volume — 400 contracts
2019-09-30: Largest IV spike — 31.6% change
2019-09-03: Highest IV Rank — 28.2%
2019-09-03: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.02	$21.55	$22.52	$21.66	$22.30
Max Pain	$19.81	$18.75	$20.00	$20.00	$20.00
ATM IV	33.8%	24.3%	40.6%	40.6%	32.0%
Expected Move	9.6%	7.0%	11.6%	11.6%	9.2%
HV 20d	22.8%	16.6%	33.5%	33.5%	17.2%
HV 60d	29.7%	28.1%	31.9%	31.7%	28.2%
IV Rank	14.9%	0.0%	28.2%	28.2%	14.8%
IV Percentile	16.6%	0.0%	48.0%	48.0%	10.3%
Term Structure	6.4%	-4.2%	11.8%	-4.2%	9.6%
VWIV	36.6%	29.5%	45.0%	42.7%	34.5%
Skew 25d	6.5%	1.7%	9.8%	5.6%	6.9%
Skew 10d	11.7%	-3.9%	23.7%	13.3%	-0.5%
Call IV 25d	33.2%	24.7%	46.1%	36.7%	46.1%
Put IV 25d	39.8%	32.4%	53.0%	42.3%	53.0%
Bid-Ask Spread %	84.33	60.60	109.13	83.55	105.36
Gamma HHI	0.59	0.32	0.78	0.70	0.58
Net GEX	-43.5K	-97.0K	-3.3K	-90.3K	-14.6K
Net DEX	191.0K	-32.5K	592.5K	592.5K	209.0K
Net VEX	-1.3K	-2.4K	-524	-2.3K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.69	0.00	18.00	8.71	0.00
Total Volume	63.6	0	400	16	0
Total OI	1,462.2	316	1,976	1,792	724

Daily Data (20 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
2019-09-03	$21.66	$20.00	40.6%	11.6%	33.5%	28.2%	42.7%	5.6%	-4.2%	-90.3K	592.5K	-2.3K	0.00	83.55	0	16	48	1,744
2019-09-04	$21.91	$20.00	35.5%	10.2%	32.8%	18.0%	45.0%	7.8%	-1.4%	-79.7K	471.1K	-2.0K	0.00	81.87	0	8	48	1,760
2019-09-05	$22.10	$18.75	32.8%	9.7%	32.9%	12.6%	34.6%	6.1%	4.8%	-66.5K	286.0K	-1.5K	8.71	60.60	28	244	48	1,752
2019-09-06	$21.74	$18.75	37.4%	10.7%	25.0%	21.7%	0.0%	5.7%	2.4%	-80.5K	380.5K	-1.8K	0.00	71.23	0	0	76	1,744
2019-09-09	$21.77	$18.75	39.5%	10.0%	24.5%	26.1%	38.1%	5.5%	5.2%	-81.4K	397.4K	-1.7K	0.00	65.19	0	156	76	1,744
2019-09-10	$21.55	$20.00	39.1%	9.9%	24.0%	25.2%	0.0%	5.9%	5.6%	-97.0K	465.9K	-1.9K	0.00	71.58	0	24	76	1,900
2019-09-11	$21.70	$20.00	35.4%	10.2%	24.2%	17.8%	0.0%	5.8%	6.6%	-69.5K	228.6K	-1.3K	18.00	72.32	4	72	76	1,876
2019-09-12	$21.62	$20.00	33.7%	9.6%	23.2%	14.3%	29.5%	1.7%	8.9%	-92.3K	346.0K	-1.5K	1.50	88.32	8	12	80	1,872
2019-09-13	$22.00	$20.00	31.7%	9.1%	22.9%	10.4%	32.2%	7.8%	7.5%	-68.7K	286.6K	-1.5K	0.25	86.83	16	4	88	1,872
2019-09-16	$22.16	$20.00	33.8%	9.7%	21.4%	14.5%	0.0%	9.8%	9.7%	-49.2K	12.9K	-747	0.00	93.22	0	16	88	1,868
2019-09-17	$22.52	$20.00	33.5%	9.6%	22.1%	13.9%	0.0%	9.3%	7.0%	-3.9K	-32.5K	-635	0.00	79.86	0	0	88	1,852
2019-09-18	$22.23	$20.00	31.1%	8.9%	22.5%	9.1%	0.0%	8.2%	10.9%	-3.3K	-7.6K	-689	0.00	90.37	0	36	88	1,852
2019-09-19	$22.15	$20.00	31.5%	9.0%	22.4%	10.0%	0.0%	7.1%	7.8%	-34.2K	50.8K	-702	0.00	80.37	0	60	88	1,816
2019-09-20	$22.23	$20.00	31.6%	9.1%	22.4%	10.1%	0.0%	5.8%	7.5%	-5.1K	-27.8K	-563	0.00	85.32	0	160	88	1,808
2019-09-23	$22.29	$20.00	33.9%	9.7%	17.0%	14.8%	0.0%	4.6%	6.5%	-4.8K	-17.6K	-536	0.00	86.97	0	0	72	244
2019-09-24	$21.95	$20.00	34.2%	9.8%	16.6%	15.4%	34.5%	7.0%	5.7%	-6.1K	8.1K	-581	0.00	86.02	8	0	72	244
2019-09-25	$22.34	$20.00	32.2%	9.2%	17.0%	11.3%	0.0%	8.9%	8.1%	-3.7K	-23.5K	-538	0.00	88.00	0	0	80	244
2019-09-26	$22.25	$20.00	31.9%	9.2%	17.0%	10.8%	0.0%	3.6%	8.5%	-3.5K	-25.8K	-524	0.00	100.56	0	400	80	244
2019-09-27	$22.03	$20.00	24.3%	7.0%	17.3%	0.0%	0.0%	7.7%	11.8%	-14.8K	219.5K	-2.4K	0.00	109.13	0	0	80	644
2019-09-30	$22.30	$20.00	32.0%	9.2%	17.2%	14.8%	0.0%	6.9%	9.6%	-14.6K	209.0K	-2.3K	0.00	105.36	0	0	80	644