BIRD Options History — September 2022

In September 2022, BIRD traded between $60.20 and $83.80. ATM implied volatility averaged 70.4%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 21.6%. IV traded above realized volatility by 9.3% (HV 20d: 61.1%). Max pain ranged from $50.00 to $100.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.61.

Notable Days

  • 2022-09-16: Highest Volume — 148 contracts
  • 2022-09-26: Largest IV spike — 46.3% change
  • 2022-09-30: Highest IV Rank — 30.3%
  • 2022-09-01: Largest Expected Move — 26.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.87$60.20$83.80$80.00$61.20
Max Pain$95.24$50.00$100.00$100.00$50.00
ATM IV70.4%49.7%90.9%90.9%78.6%
Expected Move21.6%14.3%26.1%26.1%22.5%
HV 20d61.1%44.4%105.8%105.8%63.2%
HV 60d81.6%78.2%86.4%86.3%78.4%
IV Rank14.0%0.0%30.3%25.0%30.3%
IV Percentile5.1%0.0%24.2%24.2%10.1%
Term Structure12.6%-16.4%32.7%-16.4%29.1%
VWIV78.9%52.5%98.0%98.0%79.8%
Skew 25d8.8%-16.9%51.2%38.0%-9.0%
Skew 10d3.5%-26.8%32.6%7.1%-2.2%
Call IV 25d96.9%76.7%137.4%103.1%94.7%
Put IV 25d105.8%79.1%179.7%141.1%85.6%
Bid-Ask Spread %19.596.9769.1536.958.21
Gamma HHI0.490.380.560.560.38
Net GEX22.9K7.2K37.1K30.5K7.2K
Net DEX-327.6K-800.1K94.9K-378.1K13.6K
Net VEX-10.4K-14.6K-5.7K-13.6K-5.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.610.035.000.413.34
Total Volume46.95261482362
Total OI1,949.7621,3392,5092,4401,388

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-09-01$80.00$100.0090.9%26.1%105.8%25.0%98.0%38.0%-16.4%30.5K-378.1K-13.6K0.4136.95N/AN/A1672,136304
2022-09-02$77.20$100.0062.6%18.0%101.8%0.0%66.5%37.6%18.7%29.3K-400.7K-13.0K0.1769.15N/AN/A1832,146305
2022-09-06$78.00$100.0062.5%25.1%97.6%0.0%92.7%44.1%4.3%30.9K-507.6K-13.7K5.0043.30N/AN/A10512,155308
2022-09-07$81.20$100.0086.6%24.2%67.5%29.3%83.1%34.6%8.0%33.5K-610.2K-13.9K2.5110.55N/AN/A20512,157308
2022-09-08$80.80$100.0068.8%24.5%66.7%7.6%70.2%51.2%3.3%31.9K-401.6K-12.8K0.0311.17N/AN/A4712,164308
2022-09-09$83.20$100.0061.5%24.1%67.9%0.0%84.1%0.1%5.8%36.9K-800.1K-14.6K0.1947.09N/AN/A2242,174307
2022-09-12$83.80$100.0074.2%25.1%52.4%15.2%87.6%0.1%3.5%37.1K-766.0K-14.4K0.9210.09N/AN/A332,187304
2022-09-13$78.00$100.0064.2%25.9%56.6%3.1%90.4%0.1%1.5%31.1K-503.6K-12.8K4.6119.65N/AN/A11492,189304
2022-09-14$78.60$100.0085.8%24.6%56.7%29.1%86.0%4.4%6.8%30.7K-442.8K-12.6K0.1844.56N/AN/A1022,191303
2022-09-15$77.80$100.0081.0%23.2%53.6%23.3%79.5%-5.1%5.7%28.0K-295.1K-11.4K0.0627.93N/AN/A5632,194300
2022-09-16$75.20$100.0079.8%22.9%54.2%21.9%76.1%-2.1%6.3%25.4K-219.3K-11.0K0.968.06N/AN/A75732,209300
2022-09-19$74.60$100.0069.3%19.9%47.1%9.3%86.0%9.9%6.3%23.6K-564.3K-10.3K0.226.97N/AN/A1531,106233
2022-09-20$72.80$100.0066.7%19.1%44.5%6.2%52.5%6.9%-11.3%19.8K-346.6K-9.1K0.047.98N/AN/A801,114236
2022-09-21$68.80$100.0055.4%15.9%47.8%0.0%92.2%-16.9%31.2%19.4K-434.0K-9.6K0.038.95N/AN/A3211,119236
2022-09-22$67.00$100.0052.4%15.0%44.4%0.0%62.3%-3.3%21.2%11.9K-11.9K-7.0K2.319.46N/AN/A14331,136236
2022-09-23$63.60$100.0049.7%14.3%44.6%0.0%0.0%-4.3%32.7%9.2K94.9K-6.2K1.458.42N/AN/A341,146235
2022-09-26$61.00$100.0072.8%20.9%44.4%24.2%69.4%0.7%25.6%9.8K15.9K-6.6K3.077.31N/AN/A17511,151230
2022-09-27$60.20$100.0074.9%21.5%44.4%26.5%78.3%2.0%25.7%9.2K-41.6K-6.2K3.699.60N/AN/A13481,154218
2022-09-28$66.00$100.0064.6%18.5%58.8%15.6%64.7%2.4%28.3%14.6K-193.2K-7.7K1.508.66N/AN/A31471,154218
2022-09-29$61.20$50.0076.8%22.0%63.0%28.4%78.0%-5.7%28.5%10.5K-87.6K-6.4K3.057.27N/AN/A17521,165217
2022-09-30$61.20$50.0078.6%22.5%63.2%30.3%79.8%-9.0%29.1%7.2K13.6K-5.7K3.348.21N/AN/A14481,165223