BBSI Options History — March 2023

In March 2023, BBSI traded between $21.32 and $24.15. ATM implied volatility averaged 36.2%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 7.2% (HV 20d: 29.0%). Max pain ranged from $22.50 to $23.75. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2023-03-01: Highest Volume — 32 contracts
2023-03-09: Largest IV spike — 67.2% change
2023-03-14: Highest IV Rank — 100.0%
2023-03-01: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.21	$21.32	$24.15	$24.15	$22.24
Max Pain	$22.66	$22.50	$23.75	$23.75	$22.50
ATM IV	36.2%	23.3%	76.5%	46.6%	26.3%
Expected Move	8.5%	6.6%	13.4%	13.4%	7.5%
HV 20d	29.0%	17.5%	32.8%	17.5%	25.4%
HV 60d	24.9%	20.8%	26.6%	20.8%	25.0%
IV Rank	30.6%	6.4%	100.0%	52.1%	11.6%
IV Percentile	44.2%	3.2%	100.0%	85.3%	14.7%
Term Structure	4.9%	-15.4%	12.6%	-15.4%	10.7%
VWIV	33.3%	25.7%	41.3%	41.3%	28.1%
Skew 25d	-2.0%	-24.4%	17.5%	2.6%	-17.5%
Skew 10d	-1.0%	-23.9%	32.2%	32.2%	-23.9%
Call IV 25d	36.7%	16.3%	49.9%	47.0%	41.1%
Put IV 25d	34.7%	23.6%	52.6%	49.6%	23.6%
Bid-Ask Spread %	112.35	104.46	119.52	110.30	114.73
Gamma HHI	0.34	0.27	0.42	0.35	0.32
Net GEX	2.4K	-1.9K	4.3K	3.5K	4.3K
Net DEX	-47.1K	-102.4K	7.0K	-102.4K	-60.9K
Net VEX	-712	-838	-631	-670	-670
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	4.174	0	32	32	4
Total OI	240.696	184	268	184	224

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-03-01	$24.15	$23.75	46.6%	13.4%	17.5%	52.1%	0.0%	2.6%	-15.4%	3.5K	-102.4K	-670	110.30	32	0	116	68
2023-03-02	$22.73	$23.75	35.6%	10.2%	27.1%	30.9%	0.0%	17.5%	-9.0%	2.9K	-75.7K	-774	113.69	0	4	148	92
2023-03-03	$22.90	$23.75	40.0%	11.5%	26.8%	39.3%	41.3%	-10.3%	-11.9%	2.9K	-71.8K	-830	109.03	0	4	148	108
2023-03-06	$23.10	$22.50	34.1%	6.6%	26.5%	28.0%	0.0%	3.4%	12.6%	999	-73.9K	-834	104.46	0	0	148	112
2023-03-07	$23.39	$22.50	33.0%	6.6%	26.7%	25.8%	0.0%	8.7%	7.3%	2.4K	-90.4K	-838	111.02	0	0	148	112
2023-03-08	$22.82	$22.50	28.2%	7.5%	27.6%	16.4%	0.0%	8.6%	6.7%	-1.9K	-70.6K	-800	105.15	0	0	148	112
2023-03-09	$22.98	$22.50	47.1%	7.2%	27.2%	53.1%	25.7%	0.4%	9.9%	2.0K	-69.6K	-824	106.26	8	0	148	112
2023-03-10	$22.37	$22.50	48.0%	8.6%	28.5%	54.7%	0.0%	4.0%	2.9%	1.4K	-60.8K	-809	108.90	0	4	156	112
2023-03-13	$21.86	$22.50	66.8%	8.7%	29.2%	91.1%	0.0%	-5.5%	5.8%	1.6K	-27.1K	-726	114.59	0	0	156	108
2023-03-14	$21.83	$22.50	76.5%	7.5%	29.2%	100.0%	0.0%	-6.2%	8.8%	1.3K	-20.6K	-731	114.57	0	0	156	108
2023-03-15	$21.32	$22.50	31.2%	8.9%	29.8%	20.2%	0.0%	-2.7%	5.6%	1.0K	7.0K	-636	113.62	0	0	156	108
2023-03-16	$21.96	$22.50	31.3%	9.0%	30.7%	20.5%	0.0%	-0.9%	10.8%	1.2K	-21.1K	-715	111.28	0	4	156	108
2023-03-17	$21.36	$22.50	30.6%	8.8%	31.5%	19.3%	37.9%	-0.1%	7.7%	3.8K	2.3K	-639	111.48	0	32	156	104
2023-03-20	$21.60	$22.50	33.9%	9.7%	31.8%	25.0%	0.0%	-0.4%	6.5%	2.7K	-27.5K	-680	108.92	0	0	148	72
2023-03-21	$21.75	$22.50	28.7%	8.2%	32.2%	15.9%	28.1%	-5.5%	7.5%	2.7K	-33.6K	-671	112.02	4	0	148	72
2023-03-22	$21.51	$22.50	31.9%	9.1%	32.1%	21.5%	0.0%	-5.0%	1.0%	3.5K	-40.7K	-654	115.30	0	0	152	72
2023-03-23	$21.52	$22.50	30.0%	8.6%	32.0%	18.2%	0.0%	-5.2%	4.2%	3.1K	-33.9K	-650	119.16	0	0	152	72
2023-03-24	$21.72	$22.50	26.7%	7.7%	32.4%	12.4%	0.0%	-8.1%	12.4%	3.4K	-36.6K	-631	117.95	0	0	152	72
2023-03-27	$21.82	$22.50	27.8%	8.0%	32.5%	14.3%	0.0%	-24.4%	8.4%	3.7K	-47.8K	-653	119.52	0	0	152	72
2023-03-28	$21.91	$22.50	24.2%	6.9%	32.6%	7.9%	0.0%	-8.1%	7.5%	3.1K	-34.9K	-636	116.20	0	0	152	72
2023-03-29	$21.99	$22.50	23.3%	6.7%	32.8%	6.4%	0.0%	6.3%	7.8%	3.4K	-45.6K	-667	113.35	0	0	152	72
2023-03-30	$22.04	$22.50	30.2%	8.7%	25.3%	18.5%	0.0%	1.7%	5.2%	3.5K	-48.0K	-642	112.53	0	0	152	72
2023-03-31	$22.24	$22.50	26.3%	7.5%	25.4%	11.6%	0.0%	-17.5%	10.7%	4.3K	-60.9K	-670	114.73	0	4	152	72