BFIN Options History — May 2016

In May 2016, BFIN traded between $12.46 and $12.80. ATM implied volatility averaged 28.2%, placing in the 3.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 6.1% (HV 20d: 22.2%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.86.

Notable Days

2016-05-12: Highest Volume — 85 contracts
2016-05-11: Largest IV drop — 49.2% change
2016-05-04: Highest IV Rank — 9.5%
2016-05-04: Largest Expected Move — 10.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.60	$12.46	$12.80	$12.78	$12.72
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	28.2%	21.1%	43.3%	36.3%	24.6%
Expected Move	6.9%	4.8%	10.6%	10.4%	7.1%
HV 20d	22.2%	11.9%	25.8%	23.8%	11.9%
HV 60d	19.4%	17.2%	21.1%	20.3%	17.2%
IV Rank	3.8%	0.0%	9.5%	9.1%	4.4%
IV Percentile	21.5%	0.0%	69.5%	66.9%	30.3%
Term Structure	2.3%	-19.3%	14.3%	-19.3%	10.9%
VWIV	22.6%	16.6%	25.0%	22.3%	24.6%
Skew 25d	10.3%	0.2%	26.5%	7.0%	14.0%
Skew 10d	18.8%	5.0%	44.1%	13.4%	44.1%
Call IV 25d	35.9%	24.2%	59.9%	44.7%	44.1%
Put IV 25d	46.3%	27.0%	68.9%	51.7%	58.1%
Bid-Ask Spread %	109.82	29.27	143.69	111.08	121.66
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	582	-1.4K	4.9K	-1.4K	3.5K
Net DEX	8.2K	-16.4K	27.1K	15.0K	-9.7K
Net VEX	-215	-244	-180	-222	-182
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.86	1.83	1.90	1.90	1.83
Total Volume	84.619	84	85	84	85
Total OI	114.143	97	127	97	127

Daily Data (21 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
2016-05-02	$12.78	$0.00	36.3%	10.4%	23.8%	9.1%	0.0%	7.0%	-19.3%	-1.4K	15.0K	-222	1.90	111.08	N/A	N/A	29	55	29	68
2016-05-03	$12.47	$0.00	26.7%	7.7%	25.8%	3.7%	0.0%	14.0%	2.4%	-1.4K	27.1K	-217	1.90	129.15	N/A	N/A	29	55	29	68
2016-05-04	$12.46	$0.00	37.0%	10.6%	25.8%	9.5%	0.0%	4.4%	-15.0%	-1.3K	26.8K	-216	1.90	102.06	N/A	N/A	29	55	29	68
2016-05-05	$12.56	$12.50	43.2%	6.4%	25.0%	1.3%	22.3%	7.0%	2.1%	-1.4K	24.2K	-215	1.90	109.08	N/A	N/A	29	55	29	68
2016-05-06	$12.57	$12.50	42.4%	4.8%	24.8%	0.0%	16.6%	2.0%	7.1%	-1.4K	19.3K	-214	1.90	107.74	N/A	N/A	29	55	29	68
2016-05-09	$12.53	$12.50	40.8%	6.7%	24.6%	3.7%	23.3%	6.9%	0.9%	-1.4K	24.4K	-208	1.90	109.57	N/A	N/A	29	55	29	68
2016-05-10	$12.59	$12.50	43.3%	6.3%	24.5%	3.0%	22.1%	24.6%	8.4%	-1.3K	21.0K	-208	1.90	123.00	N/A	N/A	29	55	29	68
2016-05-11	$12.57	$12.50	22.0%	6.3%	24.3%	3.0%	22.0%	9.0%	3.7%	-1.4K	22.2K	-205	1.90	103.86	N/A	N/A	29	55	29	68
2016-05-12	$12.54	$12.50	24.9%	7.2%	24.2%	4.6%	25.0%	5.7%	-1.9%	-1.4K	22.5K	-205	1.83	96.65	N/A	N/A	30	55	29	68
2016-05-13	$12.54	$12.50	22.0%	6.3%	24.2%	3.0%	22.0%	25.5%	2.7%	1.3K	6.6K	-244	1.83	126.57	N/A	N/A	30	55	59	68
2016-05-16	$12.56	$12.50	21.7%	6.2%	24.0%	2.8%	21.6%	26.5%	5.9%	1.4K	5.3K	-238	1.83	143.69	N/A	N/A	30	55	59	68
2016-05-17	$12.48	$12.50	23.8%	6.8%	24.3%	3.9%	23.8%	2.9%	0.4%	757	-763	-239	1.83	29.27	N/A	N/A	30	55	59	68
2016-05-18	$12.52	$12.50	24.0%	6.9%	24.3%	4.1%	24.0%	10.2%	1.0%	1.2K	7.2K	-234	1.83	107.01	N/A	N/A	30	55	59	68
2016-05-19	$12.53	$12.50	24.3%	7.0%	20.4%	4.2%	24.3%	9.9%	0.4%	1.2K	7.4K	-230	1.83	107.01	N/A	N/A	30	55	59	68
2016-05-20	$12.60	$12.50	24.2%	6.9%	19.7%	4.2%	24.2%	19.9%	4.1%	836	3.0K	-228	1.83	119.96	N/A	N/A	30	55	59	68
2016-05-23	$12.61	$12.50	22.4%	6.4%	19.6%	3.2%	22.4%	8.0%	3.4%	2.1K	1.7K	-215	1.83	103.73	N/A	N/A	30	55	59	68
2016-05-24	$12.80	$12.50	24.9%	7.1%	19.3%	4.5%	24.6%	2.9%	14.3%	49	-11.0K	-219	1.83	103.13	N/A	N/A	30	55	59	68
2016-05-25	$12.73	$12.50	21.1%	6.1%	19.1%	2.5%	21.1%	15.3%	6.3%	3.7K	-13.1K	-195	1.83	121.14	N/A	N/A	30	55	59	68
2016-05-26	$12.70	$12.50	21.7%	6.2%	18.4%	2.8%	21.6%	0.8%	5.2%	3.5K	-10.6K	-198	1.83	105.91	N/A	N/A	30	55	59	68
2016-05-27	$12.74	$12.50	21.8%	6.3%	17.2%	2.8%	21.8%	0.2%	4.7%	4.9K	-16.4K	-180	1.83	124.95	N/A	N/A	30	55	59	68
2016-05-31	$12.72	$12.50	24.6%	7.1%	11.9%	4.4%	24.6%	14.0%	10.9%	3.5K	-9.7K	-182	1.83	121.66	N/A	N/A	30	55	59	68