BIRD Options History — May 2022

In May 2022, BIRD traded between $79.20 and $119.60. ATM implied volatility averaged 110.5%, placing in the 32.2% IV rank vs the trailing year. The 30-day expected move averaged 30.4%. IV traded above realized volatility by 13.8% (HV 20d: 96.7%). Max pain ranged from $100.00 to $250.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.44.

Notable Days

  • 2022-05-20: Highest Volume — 287 contracts
  • 2022-05-11: Largest IV drop — 27.1% change
  • 2022-05-23: Highest IV Rank — 40.7%
  • 2022-05-03: Largest Expected Move — 38.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$97.19$79.20$119.60$110.60$107.80
Max Pain$207.14$100.00$250.00$100.00$200.00
ATM IV110.5%89.4%144.9%129.6%96.2%
Expected Move30.4%25.6%38.3%37.2%27.6%
HV 20d96.7%68.5%116.8%77.3%113.5%
HV 60d87.9%80.0%93.5%80.3%92.1%
IV Rank32.2%20.7%40.7%37.5%30.4%
IV Percentile26.8%5.3%50.0%39.7%17.3%
Term Structure-4.0%-24.9%5.9%-19.7%-2.1%
VWIV106.7%91.7%133.5%128.3%97.6%
Skew 25d-5.7%-32.3%34.8%-0.4%34.8%
Skew 10d-7.8%-51.1%55.8%19.7%55.8%
Call IV 25d106.2%65.3%133.6%126.7%65.3%
Put IV 25d100.5%79.6%134.1%126.3%100.1%
Bid-Ask Spread %15.084.6342.3111.977.59
Gamma HHI0.330.290.410.320.32
Net GEX41.1K10.5K72.9K48.7K72.9K
Net DEX330.3K-1.6M1.9M-667.1K-1.4M
Net VEX-26.9K-37.4K-18.9K-34.3K-30.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.120.940.520.64
Total Volume113.6674228769123
Total OI2,622.9522,4792,7312,4792,700

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$110.60$100.00129.6%37.2%77.3%0.0%128.3%-0.4%-19.7%48.7K-667.1K-34.3K0.5211.97N/AN/A45241,870609
2022-05-03$109.00$100.00133.4%38.3%68.5%0.0%133.5%-3.9%-24.9%45.6K-445.9K-33.3K0.2714.43N/AN/A58161,880619
2022-05-04$119.60$100.00120.5%34.6%69.7%0.0%121.2%0.7%-9.8%61.0K-1.6M-37.4K0.2916.86N/AN/A73211,895625
2022-05-05$107.80$250.00121.7%30.2%76.8%0.0%107.9%-12.0%-3.9%44.3K-314.2K-32.9K0.4613.49N/AN/A58271,901624
2022-05-06$105.00$250.00129.0%31.0%77.2%0.0%109.7%-13.9%-6.3%37.3K91.8K-30.7K0.2931.71N/AN/A82241,913638
2022-05-09$100.00$250.00141.2%32.7%78.7%0.0%112.8%-11.8%-7.1%31.4K386.0K-29.5K0.1520.84N/AN/A169261,934639
2022-05-10$91.00$250.00144.9%33.9%84.8%0.0%114.5%12.1%-10.1%28.8K562.5K-28.1K0.557.64N/AN/A75412,039641
2022-05-11$79.20$250.00105.7%30.3%96.4%0.0%108.0%3.4%-1.7%29.1K1.9M-20.0K0.328.09N/AN/A158502,080651
2022-05-12$81.80$250.00110.5%31.7%97.2%0.0%110.1%-1.9%-4.3%27.6K1.9M-18.9K0.5618.00N/AN/A64362,027639
2022-05-13$86.60$250.00103.7%29.7%99.7%0.0%102.4%-32.3%-0.1%31.8K1.7M-21.7K0.384.63N/AN/A32122,010647
2022-05-16$90.40$250.00102.8%29.5%101.3%0.0%103.0%-28.1%-0.8%15.2K1.5M-22.6K0.3442.31N/AN/A31112,014647
2022-05-17$98.40$250.0097.7%28.0%103.9%0.0%99.5%-13.7%2.4%10.5K756.9K-25.5K0.437.19N/AN/A51222,010647
2022-05-18$92.00$200.00100.0%28.7%106.2%0.0%101.4%-25.9%3.3%34.8K1.7M-21.9K0.435.97N/AN/A61262,004652
2022-05-19$94.40$200.00101.2%29.0%106.8%37.5%103.3%-21.4%-2.4%38.4K1.2M-24.0K0.946.29N/AN/A69642,012626
2022-05-20$86.80$200.0099.2%28.4%110.3%34.7%99.2%-5.0%0.3%29.6K1.7M-19.1K0.1220.93N/AN/A255322,015610
2022-05-23$93.60$200.00103.4%29.7%110.4%40.7%103.4%11.7%-5.1%51.3K-375.3K-25.7K0.2940.87N/AN/A58172,093509
2022-05-24$88.60$200.00102.6%29.4%109.5%39.6%103.8%-2.1%-3.2%45.3K24.7K-23.9K0.5720.19N/AN/A69402,097515
2022-05-25$95.20$200.0097.5%28.0%113.0%32.3%98.0%13.1%1.6%53.6K-238.4K-27.0K0.524.98N/AN/A80412,124547
2022-05-26$97.80$200.0090.2%25.9%113.5%21.9%92.1%-11.6%5.9%57.4K-392.2K-26.9K0.536.59N/AN/A83442,132552
2022-05-27$105.40$200.0089.4%25.6%116.8%20.7%91.7%-11.2%4.9%67.7K-957.6K-29.8K0.636.22N/AN/A73462,141554
2022-05-31$107.80$200.0096.2%27.6%113.5%30.4%97.6%34.8%-2.1%72.9K-1.4M-30.8K0.647.59N/AN/A75482,149551