BIRD Options History — March 2022

In March 2022, BIRD traded between $103.00 and $150.20. ATM implied volatility averaged 99.5%. The 30-day expected move averaged 30.1%. IV traded above realized volatility by 17.6% (HV 20d: 82.0%). Max pain ranged from $100.00 to $300.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.72.

Notable Days

  • 2022-03-17: Highest Volume — 233 contracts
  • 2022-03-31: Largest IV drop — 19.2% change
  • 2022-03-10: Largest Expected Move — 34.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.37$103.00$150.20$150.20$120.60
Max Pain$172.73$100.00$300.00$200.00$150.00
ATM IV99.5%75.6%114.5%114.5%76.6%
Expected Move30.1%24.7%34.9%32.8%28.6%
HV 20d82.0%65.0%101.9%69.6%90.1%
HV 60d92.0%84.2%103.2%103.2%84.9%
Term Structure6.9%-10.9%46.4%-10.9%39.0%
VWIV108.4%91.2%166.9%114.7%91.2%
Skew 25d0.1%-15.9%22.2%-15.9%-1.3%
Skew 10d-6.2%-50.9%34.4%-50.9%-2.7%
Call IV 25d104.0%83.5%152.8%112.8%95.2%
Put IV 25d104.1%93.4%140.8%96.9%93.9%
Bid-Ask Spread %18.393.8545.987.7527.95
Gamma HHI0.180.150.210.210.17
Net GEX9.7K-19723.9K23.9K14.7K
Net DEX3.7M1.4M5.2M4.4M1.7M
Net VEX-17.5K-24.3K-12.4K-24.3K-19.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.121.650.550.12
Total Volume120.26152233132194
Total OI1,776.871,4492,1291,7771,655

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$150.20$200.00114.5%32.8%69.6%0.0%114.7%-15.9%-10.9%23.9K4.4M-24.3K0.557.75N/AN/A85471,157620
2022-03-02$148.20$200.00110.6%31.7%68.4%0.0%111.2%3.7%6.7%21.0K4.7M-22.5K0.669.41N/AN/A108721,171628
2022-03-03$134.60$200.00113.0%32.4%72.7%0.0%113.3%4.6%5.7%8.0K5.2M-18.0K0.657.05N/AN/A88581,166647
2022-03-04$125.00$200.00102.0%29.2%72.9%0.0%107.0%-2.1%4.8%7.2K5.0M-16.8K0.647.01N/AN/A93601,208652
2022-03-07$120.00$200.00110.7%31.7%72.7%0.0%115.0%-4.6%-4.1%5.3K5.1M-14.7K0.6717.12N/AN/A74491,218654
2022-03-08$114.00$200.00106.0%32.7%68.0%0.0%115.5%4.0%-1.3%3.4K4.9M-14.3K0.529.52N/AN/A89461,208659
2022-03-09$118.40$200.00106.1%24.7%72.5%0.0%166.9%-1.9%-3.5%6.2K5.2M-13.5K0.763.85N/AN/A43321,213659
2022-03-10$119.40$200.00106.8%34.9%65.0%0.0%117.0%-1.2%-1.6%5.0K4.9M-15.1K1.243.91N/AN/A54671,223661
2022-03-11$107.80$200.00104.2%30.9%69.3%0.0%106.0%-9.4%-1.0%7585.1M-12.4K0.929.22N/AN/A92851,249692
2022-03-14$103.00$300.00102.0%30.0%66.4%0.0%111.5%22.2%2.2%-1975.1M-12.7K0.9317.65N/AN/A47431,312724
2022-03-15$105.40$300.00101.6%30.2%70.2%0.0%108.2%-13.2%4.2%9384.9M-13.7K1.6527.17N/AN/A33551,321723
2022-03-16$118.80$300.0099.7%30.0%89.1%0.0%107.0%-3.3%6.5%6.1K4.9M-16.4K0.4943.47N/AN/A76371,330717
2022-03-17$132.40$0.00105.7%30.3%101.9%0.0%106.4%4.5%0.6%11.7K4.8M-19.8K0.1945.98N/AN/A196371,336717
2022-03-18$127.20$150.0098.1%29.0%96.9%0.0%105.4%-4.5%2.9%16.4K4.3M-21.2K0.5519.66N/AN/A80441,411718
2022-03-21$123.40$100.0097.5%30.3%94.3%0.0%105.1%2.8%9.3%12.4K2.1M-18.2K0.9524.99N/AN/A5754965484
2022-03-22$124.40$100.0098.3%30.3%93.2%0.0%100.1%5.8%11.4%12.8K1.9M-19.1K0.8920.86N/AN/A6154981511
2022-03-23$123.80$100.0091.7%29.7%92.6%0.0%102.2%-1.2%15.8%10.1K2.1M-17.9K1.1231.03N/AN/A3236986525
2022-03-24$123.40$100.0075.6%29.2%92.8%0.0%98.2%13.0%46.4%11.0K2.0M-18.6K0.7317.30N/AN/A4533999528
2022-03-25$119.60$100.0086.1%28.1%90.5%0.0%96.4%-0.1%14.2%7.4K2.0M-17.3K0.9925.13N/AN/A26261,004530
2022-03-28$121.40$100.0098.9%28.7%91.0%0.0%100.1%-12.0%1.0%5.8K2.1M-16.0K0.8417.63N/AN/A30251,015532
2022-03-29$127.00$100.0088.9%28.0%92.3%0.0%96.5%3.8%7.0%12.7K1.8M-19.0K0.2214.73N/AN/A77171,018535
2022-03-30$129.60$100.0094.7%27.8%92.9%0.0%98.5%8.7%2.2%19.4K1.4M-20.6K0.2914.52N/AN/A85241,070536
2022-03-31$120.60$150.0076.6%28.6%90.1%0.0%91.2%-1.3%39.0%14.7K1.7M-19.5K0.1227.95N/AN/A173211,110545