BBSI Options History — January 2023

In January 2023, BBSI traded between $22.68 and $24.61. ATM implied volatility averaged 27.7%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 2.9% (HV 20d: 24.8%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.33.

Notable Days

2023-01-31: Highest Volume — 160 contracts
2023-01-05: Largest IV spike — 47.6% change
2023-01-10: Highest IV Rank — 34.6%
2023-01-31: Largest Expected Move — 9.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.85	$22.68	$24.61	$23.24	$24.61
Max Pain	$22.75	$22.50	$25.00	$25.00	$22.50
ATM IV	27.7%	21.5%	37.6%	29.9%	31.3%
Expected Move	7.4%	6.2%	9.0%	8.6%	9.0%
HV 20d	24.8%	21.1%	27.7%	22.5%	21.9%
HV 60d	29.4%	27.9%	30.5%	28.9%	27.9%
IV Rank	15.4%	3.5%	34.6%	19.8%	22.4%
IV Percentile	17.8%	0.8%	52.4%	25.0%	32.1%
Term Structure	5.6%	-8.8%	12.2%	-8.8%	1.1%
VWIV	40.6%	29.7%	51.5%	29.7%	51.5%
Skew 25d	1.3%	-11.6%	18.4%	1.0%	0.6%
Skew 10d	3.0%	-18.0%	16.8%	2.5%	1.4%
Call IV 25d	31.2%	23.5%	42.8%	42.8%	41.0%
Put IV 25d	32.4%	22.9%	50.5%	43.8%	41.5%
Bid-Ask Spread %	110.31	104.51	116.69	116.69	111.38
Gamma HHI	0.21	0.17	0.25	0.20	0.19
Net GEX	7.4K	6.0K	8.5K	6.8K	7.9K
Net DEX	-166.0K	-205.3K	-106.3K	-139.7K	-205.3K
Net VEX	-682	-745	-592	-736	-640
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.00	1.00	0.00	1.00
Total Volume	10.2	0	160	0	160
Total OI	248.6	240	276	240	276

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
2023-01-03	$23.24	$25.00	29.9%	8.6%	22.5%	19.8%	0.0%	1.0%	-8.8%	6.8K	-139.7K	-736	0.00	116.69	0	0	180	60
2023-01-04	$23.10	$25.00	22.9%	6.6%	21.8%	6.2%	0.0%	-3.5%	6.6%	6.3K	-124.5K	-730	0.00	115.19	0	0	180	60
2023-01-05	$22.68	$22.50	33.8%	7.5%	22.5%	27.3%	0.0%	3.2%	6.2%	6.0K	-106.3K	-711	0.00	106.59	0	0	180	60
2023-01-06	$23.50	$22.50	32.2%	6.6%	25.8%	24.1%	0.0%	-1.0%	12.2%	7.1K	-143.6K	-719	0.00	109.41	0	0	180	60
2023-01-09	$23.16	$22.50	34.1%	7.7%	25.9%	27.8%	0.0%	3.3%	5.9%	6.7K	-127.3K	-707	0.00	110.78	0	8	180	60
2023-01-10	$23.77	$22.50	37.6%	7.8%	27.5%	34.6%	0.0%	5.1%	6.6%	7.4K	-162.1K	-720	0.00	104.51	0	0	180	68
2023-01-11	$23.87	$22.50	25.7%	7.4%	27.5%	11.6%	0.0%	3.5%	7.9%	8.5K	-159.2K	-705	0.00	105.92	0	0	180	68
2023-01-12	$24.14	$22.50	23.7%	6.8%	27.4%	7.7%	0.0%	5.3%	7.2%	7.8K	-174.7K	-675	0.00	111.98	8	0	180	68
2023-01-13	$24.44	$22.50	22.9%	6.6%	27.7%	6.2%	0.0%	0.8%	9.5%	8.4K	-197.0K	-706	0.00	113.63	0	0	184	68
2023-01-17	$24.51	$22.50	25.0%	7.2%	26.3%	10.3%	0.0%	0.4%	5.0%	8.5K	-204.9K	-700	0.00	112.10	0	0	184	68
2023-01-18	$23.98	$22.50	28.7%	8.2%	27.7%	17.4%	0.0%	2.4%	-1.4%	7.6K	-173.7K	-727	0.00	111.29	0	0	184	68
2023-01-19	$23.92	$22.50	26.9%	7.7%	27.7%	14.0%	0.0%	1.1%	6.6%	7.5K	-164.7K	-689	0.00	111.75	0	0	184	68
2023-01-20	$23.90	$22.50	26.4%	7.6%	27.2%	13.0%	0.0%	1.4%	6.6%	7.3K	-165.3K	-650	0.00	112.14	0	0	184	68
2023-01-23	$23.86	$22.50	24.6%	7.0%	26.2%	9.5%	0.0%	18.4%	8.4%	6.6K	-167.8K	-745	0.00	114.35	0	0	180	68
2023-01-24	$23.99	$22.50	21.5%	6.2%	23.3%	3.5%	0.0%	-2.1%	11.1%	7.7K	-178.8K	-592	0.00	107.34	0	0	180	68
2023-01-25	$24.00	$22.50	29.6%	8.5%	22.9%	19.1%	0.0%	-4.2%	5.0%	7.4K	-174.2K	-647	0.00	107.16	0	0	180	68
2023-01-26	$24.13	$22.50	24.8%	7.1%	21.9%	9.9%	0.0%	-1.8%	5.8%	7.6K	-181.2K	-627	0.00	107.08	0	0	180	68
2023-01-27	$24.07	$22.50	27.4%	7.9%	21.4%	14.9%	29.7%	3.3%	0.6%	7.6K	-178.7K	-622	0.00	108.46	4	0	180	68
2023-01-30	$24.15	$22.50	24.7%	7.1%	21.1%	9.7%	51.5%	-11.6%	11.1%	8.2K	-191.4K	-600	0.00	108.49	0	24	184	68
2023-01-31	$24.61	$22.50	31.3%	9.0%	21.9%	22.4%	0.0%	0.6%	1.1%	7.9K	-205.3K	-640	1.00	111.38	80	80	184	92