BBSI Options History — November 2019

In November 2019, BBSI traded between $21.60 and $23.36. ATM implied volatility averaged 33.5%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 0.2% (HV 20d: 33.7%). Max pain ranged from $21.25 to $23.75. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.59.

Notable Days

2019-11-05: Highest Volume — 104 contracts
2019-11-06: Largest IV drop — 43.7% change
2019-11-04: Highest IV Rank — 74.5%
2019-11-01: Largest Expected Move — 15.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.47	$21.60	$23.36	$22.29	$22.14
Max Pain	$22.25	$21.25	$23.75	$22.50	$21.25
ATM IV	33.5%	23.6%	63.1%	53.6%	33.7%
Expected Move	9.0%	7.4%	15.4%	15.4%	9.7%
HV 20d	33.7%	21.9%	36.5%	22.2%	35.7%
HV 60d	27.9%	24.2%	29.4%	24.4%	28.2%
IV Rank	19.1%	0.0%	74.5%	56.4%	20.1%
IV Percentile	20.2%	0.0%	97.2%	90.1%	23.0%
Term Structure	1.1%	-15.9%	6.3%	-15.9%	-2.4%
VWIV	29.6%	26.0%	37.6%	37.6%	26.6%
Skew 25d	5.8%	-4.1%	18.9%	7.4%	7.6%
Skew 10d	10.5%	-1.5%	29.8%	20.2%	3.3%
Call IV 25d	29.3%	22.8%	51.4%	51.4%	26.6%
Put IV 25d	35.1%	27.9%	58.7%	58.7%	34.3%
Bid-Ask Spread %	92.55	55.57	113.61	75.52	112.86
Gamma HHI	0.50	0.35	0.63	0.55	0.58
Net GEX	-6.1K	-13.2K	7.7K	-12.4K	-13.0K
Net DEX	160.5K	-19.0K	264.4K	220.3K	202.0K
Net VEX	-1.7K	-2.0K	-1.5K	-1.9K	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.00	2.00	0.14	1.33
Total Volume	15.2	0	104	0	0
Total OI	575.2	480	672	544	508

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
2019-11-01	$22.29	$22.50	53.6%	15.4%	22.2%	56.4%	0.0%	7.4%	-15.9%	-12.4K	220.3K	-1.9K	0.00	75.52	0	0	68	476
2019-11-04	$22.23	$23.75	63.1%	11.2%	21.9%	74.5%	37.6%	9.0%	-4.4%	-12.6K	226.4K	-1.8K	0.14	55.57	28	4	68	476
2019-11-05	$21.60	$23.75	57.8%	12.2%	24.1%	64.4%	0.0%	18.9%	-5.6%	-12.1K	264.4K	-2.0K	0.13	68.86	92	12	92	480
2019-11-06	$23.35	$23.75	32.5%	8.1%	36.3%	15.8%	28.7%	6.9%	2.9%	4.5K	-19.0K	-1.8K	0.06	81.18	64	4	180	492
2019-11-07	$23.36	$22.50	23.6%	7.9%	36.3%	0.0%	0.0%	1.9%	2.6%	7.7K	25.0K	-1.7K	0.00	99.74	4	0	176	492
2019-11-08	$22.92	$22.50	26.2%	8.0%	36.0%	5.2%	29.0%	3.6%	3.2%	3.5K	101.5K	-1.7K	0.67	86.18	12	8	176	492
2019-11-11	$22.55	$22.50	33.7%	8.1%	35.8%	20.0%	0.0%	8.8%	5.6%	1.3K	122.8K	-1.8K	2.00	92.94	4	8	176	492
2019-11-12	$22.71	$22.50	24.0%	8.1%	35.7%	0.8%	0.0%	3.0%	4.6%	5.2K	145.2K	-1.7K	0.00	85.37	0	0	176	492
2019-11-13	$22.66	$22.50	28.3%	8.1%	35.7%	9.3%	0.0%	1.8%	3.3%	2.3K	155.0K	-1.7K	0.00	86.79	0	0	176	492
2019-11-14	$22.83	$22.50	28.0%	8.0%	35.4%	8.7%	0.0%	4.3%	4.4%	386	131.0K	-1.6K	0.00	81.52	0	8	176	492
2019-11-15	$22.80	$22.50	26.0%	7.4%	35.3%	4.7%	26.0%	5.1%	5.6%	-8.2K	81.7K	-1.6K	0.40	91.53	20	8	176	472
2019-11-18	$22.80	$22.50	29.2%	8.4%	34.5%	11.1%	0.0%	8.2%	6.3%	-10.0K	155.0K	-1.5K	0.00	91.96	0	0	56	424
2019-11-19	$22.66	$22.50	28.2%	8.1%	34.1%	9.1%	26.6%	6.6%	2.2%	-10.1K	164.4K	-1.6K	1.33	93.28	12	16	56	424
2019-11-20	$22.66	$21.25	30.6%	8.8%	33.7%	13.8%	0.0%	9.3%	-0.3%	-9.7K	194.4K	-1.7K	0.00	107.22	0	0	68	440
2019-11-21	$21.88	$21.25	28.8%	8.2%	35.9%	10.3%	0.0%	0.5%	4.9%	-12.9K	186.7K	-1.6K	0.00	102.98	0	0	68	440
2019-11-22	$21.68	$21.25	31.3%	9.0%	36.0%	15.2%	0.0%	-0.0%	-0.4%	-13.2K	214.5K	-1.7K	0.00	110.11	0	0	68	440
2019-11-25	$22.05	$21.25	29.3%	8.4%	36.5%	11.4%	0.0%	5.5%	4.0%	-11.9K	227.3K	-1.6K	0.00	104.08	0	0	68	440
2019-11-26	$22.13	$21.25	29.0%	8.3%	36.3%	10.8%	0.0%	12.4%	-0.5%	-10.5K	234.5K	-1.7K	0.00	109.68	0	0	68	440
2019-11-27	$22.08	$21.25	33.4%	9.6%	36.3%	19.5%	0.0%	-4.1%	1.5%	-10.5K	176.5K	-1.5K	0.00	113.61	0	0	68	440
2019-11-29	$22.14	$21.25	33.7%	9.7%	35.7%	20.1%	0.0%	7.6%	-2.4%	-13.0K	202.0K	-1.6K	0.00	112.86	0	0	68	440