BFIN Options History — September 2016

In September 2016, BFIN traded between $12.26 and $12.80. ATM implied volatility averaged 32.2%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 17.7% (HV 20d: 14.5%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2016-09-01: Highest Volume — 57 contracts
2016-09-09: Largest IV spike — 114.8% change
2016-09-01: Highest IV Rank — 11.9%
2016-09-01: Largest Expected Move — 9.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.52	$12.26	$12.80	$12.35	$12.67
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	32.2%	22.4%	63.5%	32.2%	30.9%
Expected Move	7.8%	6.2%	9.2%	9.2%	8.8%
HV 20d	14.5%	13.1%	16.0%	13.4%	14.1%
HV 60d	16.5%	14.0%	18.2%	18.0%	14.0%
IV Rank	8.0%	3.9%	11.9%	11.9%	10.8%
IV Percentile	38.1%	7.6%	66.0%	66.0%	56.4%
Term Structure	-2.3%	-8.7%	5.7%	-6.7%	-5.6%
VWIV	27.5%	21.8%	33.5%	33.5%	31.1%
Skew 25d	7.9%	1.9%	20.2%	10.2%	19.1%
Skew 10d	14.7%	2.5%	41.3%	9.6%	38.8%
Call IV 25d	31.7%	20.5%	48.0%	44.9%	41.9%
Put IV 25d	39.5%	23.7%	61.0%	55.1%	61.0%
Bid-Ask Spread %	96.98	27.59	128.34	127.04	126.15
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	109	-4.4K	2.5K	-1.3K	2.1K
Net DEX	-5.3K	-24.1K	31.2K	8.3K	-21.5K
Net VEX	-57	-94	-36	-94	-36
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.00	0.84	0.84	0.00
Total Volume	44.619	31	57	57	31
Total OI	51.429	31	70	70	31

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
2016-09-01	$12.35	$12.50	32.2%	9.2%	13.4%	11.9%	33.5%	10.2%	-6.7%	-1.3K	8.3K	-94	0.84	127.04	N/A	N/A	31	26	31	39
2016-09-02	$12.56	$12.50	31.9%	9.1%	14.2%	11.6%	32.2%	4.9%	-8.7%	-1.4K	2.5K	-93	0.84	128.34	N/A	N/A	31	26	31	39
2016-09-06	$12.46	$12.50	30.8%	6.5%	14.6%	4.7%	22.8%	4.0%	0.5%	-1.7K	6.4K	-85	0.84	115.43	N/A	N/A	31	26	31	39
2016-09-07	$12.53	$12.50	38.2%	8.0%	14.4%	8.6%	28.0%	3.5%	-4.5%	-1.7K	2.6K	-82	0.84	121.60	N/A	N/A	31	26	31	39
2016-09-08	$12.49	$12.50	23.0%	6.2%	14.5%	3.9%	21.8%	2.6%	1.7%	-3.7K	1.3K	-80	0.84	37.18	N/A	N/A	31	26	31	39
2016-09-09	$12.31	$12.50	49.4%	7.5%	15.5%	7.3%	26.4%	3.5%	-0.9%	-1.1K	5.3K	-77	0.84	127.62	N/A	N/A	31	26	31	39
2016-09-12	$12.42	$12.50	57.5%	8.8%	15.6%	10.7%	30.7%	3.8%	-4.8%	-1.7K	6.9K	-69	0.84	119.03	N/A	N/A	31	26	31	39
2016-09-13	$12.34	$12.50	63.5%	7.7%	15.1%	7.9%	27.1%	4.0%	-2.0%	-1.6K	9.5K	-65	0.84	126.97	N/A	N/A	31	26	31	39
2016-09-14	$12.28	$12.50	22.4%	6.4%	13.1%	4.4%	22.5%	1.9%	0.7%	-4.4K	21.2K	-57	0.84	27.59	N/A	N/A	31	26	31	39
2016-09-15	$12.26	$12.50	25.3%	7.2%	13.1%	6.6%	24.4%	2.3%	1.9%	-2.7K	16.9K	-55	0.84	60.08	N/A	N/A	31	26	31	39
2016-09-16	$12.44	$12.50	22.8%	6.5%	14.0%	4.7%	23.0%	11.4%	5.7%	2.2K	31.2K	-46	0.84	98.06	N/A	N/A	31	26	31	39
2016-09-19	$12.56	$12.50	24.6%	7.1%	14.1%	6.1%	25.4%	2.7%	-0.9%	2.1K	-22.7K	-44	0.00	60.86	N/A	N/A	31	0	31	0
2016-09-20	$12.58	$12.50	27.4%	7.9%	14.1%	8.2%	26.9%	4.2%	1.3%	1.8K	-21.4K	-44	0.00	57.49	N/A	N/A	31	0	31	0
2016-09-21	$12.67	$12.50	27.5%	7.9%	14.2%	8.3%	27.8%	16.4%	-3.8%	2.0K	-21.4K	-43	0.00	125.49	N/A	N/A	31	0	31	0
2016-09-22	$12.80	$12.50	27.8%	8.0%	14.5%	8.5%	29.2%	9.7%	-4.7%	2.4K	-23.4K	-39	0.00	126.80	N/A	N/A	31	0	31	0
2016-09-23	$12.75	$12.50	29.5%	8.4%	14.7%	9.8%	29.6%	15.3%	-6.6%	2.0K	-22.4K	-40	0.00	125.78	N/A	N/A	31	0	31	0
2016-09-26	$12.55	$12.50	31.4%	9.0%	15.9%	11.3%	31.3%	18.5%	-4.1%	1.8K	-19.8K	-39	0.00	66.02	N/A	N/A	31	0	31	0
2016-09-27	$12.64	$12.50	24.6%	7.0%	16.0%	6.1%	26.5%	3.7%	1.7%	2.5K	-24.1K	-37	0.00	72.57	N/A	N/A	31	0	31	0
2016-09-28	$12.66	$12.50	25.2%	7.2%	15.1%	6.6%	27.2%	3.3%	-4.1%	2.5K	-23.9K	-36	0.00	59.76	N/A	N/A	31	0	31	0
2016-09-29	$12.69	$12.50	30.1%	8.6%	14.2%	10.3%	30.2%	20.2%	-4.7%	2.2K	-21.8K	-36	0.00	126.80	N/A	N/A	31	0	31	0
2016-09-30	$12.67	$12.50	30.9%	8.8%	14.1%	10.8%	31.1%	19.1%	-5.6%	2.1K	-21.5K	-36	0.00	126.15	N/A	N/A	31	0	31	0