BFIN Options History — January 2015

In January 2015, BFIN traded between $11.13 and $11.74. ATM implied volatility averaged 32.6%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 6.6% (HV 20d: 26.0%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 2.00.

Notable Days

2015-01-02: Highest Volume — 60 contracts
2015-01-14: Largest IV drop — 63.3% change
2015-01-20: Highest IV Rank — 10.1%
2015-01-20: Largest Expected Move — 9.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.43	$11.13	$11.74	$11.69	$11.31
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	32.6%	22.2%	60.9%	28.6%	28.6%
Expected Move	6.9%	5.6%	9.1%	5.6%	8.2%
HV 20d	26.0%	21.5%	28.9%	21.5%	28.9%
HV 60d	22.9%	21.9%	24.1%	22.4%	21.9%
IV Rank	5.6%	2.5%	10.1%	8.1%	8.1%
IV Percentile	27.8%	1.6%	75.4%	53.6%	60.3%
Term Structure	-4.1%	-9.4%	5.8%	-9.4%	-8.8%
VWIV	22.8%	19.3%	26.6%	19.8%	26.5%
Skew 25d	4.2%	0.4%	9.6%	5.6%	0.9%
Skew 10d	4.1%	0.7%	7.1%	1.1%	3.9%
Call IV 25d	25.3%	19.2%	32.3%	20.3%	32.3%
Put IV 25d	29.5%	25.6%	34.4%	25.9%	33.2%
Bid-Ask Spread %	111.13	109.80	112.32	112.32	111.44
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	1.4K	1.1K	1.8K	1.4K	1.3K
Net DEX	23.5K	7.8K	30.8K	7.8K	30.3K
Net VEX	-129	-205	-84	-205	-84
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.00	2.00	2.00	2.00	2.00
Total Volume	36	0	60	60	60
Total OI	125	125	125	125	125

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2015-01-02	$11.69	$12.50	28.6%	5.6%	21.5%	8.1%	19.8%	5.6%	-9.4%	1.4K	7.8K	-205	2.00	112.32	N/A	N/A	20	40	85	40
2015-01-05	$11.51	$12.50	34.5%	5.8%	21.8%	2.8%	0.0%	4.0%	-1.6%	1.5K	20.5K	-156	0.00	111.17	N/A	N/A	0	0	85	40
2015-01-06	$11.13	$12.50	46.6%	7.8%	24.6%	7.3%	0.0%	0.4%	-3.1%	1.1K	28.9K	-109	0.00	111.25	N/A	N/A	0	0	85	40
2015-01-07	$11.36	$12.50	43.1%	6.1%	25.8%	3.5%	0.0%	5.6%	-1.6%	1.4K	24.8K	-138	0.00	111.00	N/A	N/A	0	0	85	40
2015-01-08	$11.74	$12.50	35.7%	5.6%	27.0%	2.5%	20.6%	8.5%	5.8%	1.4K	10.1K	-187	2.00	109.80	N/A	N/A	20	40	85	40
2015-01-09	$11.60	$12.50	39.7%	5.9%	26.8%	3.2%	19.3%	3.7%	3.5%	1.5K	9.1K	-195	2.00	111.72	N/A	N/A	20	40	85	40
2015-01-12	$11.35	$12.50	54.8%	6.4%	27.9%	4.3%	20.8%	1.5%	-4.2%	1.3K	25.7K	-124	2.00	111.24	N/A	N/A	20	40	85	40
2015-01-13	$11.44	$12.50	60.9%	6.7%	27.2%	5.0%	23.7%	3.9%	-4.2%	1.4K	23.3K	-132	2.00	111.87	N/A	N/A	20	40	85	40
2015-01-14	$11.39	$12.50	22.3%	6.4%	27.3%	4.2%	20.4%	2.1%	-4.4%	1.4K	25.4K	-129	2.00	109.80	N/A	N/A	20	40	85	40
2015-01-15	$11.26	$12.50	23.5%	6.7%	23.7%	5.0%	23.0%	2.5%	-2.8%	1.3K	27.6K	-111	2.00	110.96	N/A	N/A	20	40	85	40
2015-01-16	$11.40	$12.50	23.1%	6.6%	23.6%	4.7%	0.0%	5.1%	-4.2%	1.4K	25.8K	-124	0.00	110.62	N/A	N/A	0	0	85	40
2015-01-20	$11.22	$12.50	31.9%	9.1%	23.8%	10.1%	0.0%	1.3%	-7.4%	1.1K	30.8K	-97	0.00	110.96	N/A	N/A	0	0	85	40
2015-01-21	$11.26	$12.50	25.7%	7.4%	23.9%	6.4%	0.0%	2.3%	-5.7%	1.2K	29.4K	-96	0.00	111.27	N/A	N/A	0	0	85	40
2015-01-22	$11.66	$12.50	22.2%	6.4%	27.3%	4.2%	22.8%	9.6%	-3.1%	1.8K	19.9K	-145	2.00	111.14	N/A	N/A	20	40	85	40
2015-01-23	$11.46	$12.50	24.1%	6.9%	27.8%	5.3%	23.6%	6.2%	-4.0%	1.5K	25.2K	-116	2.00	109.96	N/A	N/A	20	40	85	40
2015-01-26	$11.46	$12.50	25.5%	7.3%	27.7%	6.2%	0.0%	6.1%	-4.8%	1.5K	24.8K	-112	0.00	111.51	N/A	N/A	0	0	85	40
2015-01-27	$11.37	$12.50	27.5%	7.9%	27.8%	7.5%	0.0%	5.0%	-7.2%	1.4K	27.9K	-102	0.00	111.33	N/A	N/A	0	0	85	40
2015-01-28	$11.40	$12.50	27.1%	7.8%	27.8%	7.2%	26.3%	3.2%	-7.4%	1.4K	27.7K	-98	2.00	110.95	N/A	N/A	20	40	85	40
2015-01-29	$11.53	$12.50	26.6%	7.6%	28.2%	6.9%	26.6%	5.7%	-7.2%	1.6K	24.8K	-112	2.00	112.25	N/A	N/A	20	40	85	40
2015-01-30	$11.31	$12.50	28.6%	8.2%	28.9%	8.1%	26.5%	0.9%	-8.8%	1.3K	30.3K	-84	2.00	111.44	N/A	N/A	20	40	85	40