BIRD Options History — January 2023

In January 2023, BIRD traded between $45.00 and $56.20. ATM implied volatility averaged 77.4%, placing in the 32.3% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded below realized volatility by 0.9% (HV 20d: 78.3%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.17.

Notable Days

2023-01-17: Highest Volume — 66 contracts
2023-01-06: Largest IV drop — 28.9% change
2023-01-05: Highest IV Rank — 48.5%
2023-01-03: Largest Expected Move — 25.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.42	$45.00	$56.20	$45.00	$54.80
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	77.4%	64.5%	93.5%	87.4%	71.0%
Expected Move	22.4%	20.3%	25.1%	25.1%	20.3%
HV 20d	78.3%	63.5%	95.3%	88.5%	66.0%
HV 60d	74.7%	71.9%	77.0%	71.9%	76.1%
IV Rank	32.3%	19.5%	48.5%	42.4%	25.9%
IV Percentile	21.9%	7.5%	50.0%	37.7%	11.9%
Term Structure	6.5%	-5.6%	23.4%	-5.6%	12.5%
VWIV	77.4%	61.2%	90.4%	90.4%	71.9%
Bid-Ask Spread %	26.49	12.05	70.73	70.73	15.46
Gamma HHI	0.51	0.47	0.65	0.52	0.52
Net GEX	4.9K	3.0K	10.6K	3.0K	4.5K
Net DEX	-276.4K	-458.8K	-74.6K	-74.6K	-383.8K
Net VEX	-5.4K	-5.9K	-4.6K	-4.6K	-5.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	0.90	0.10	0.13
Total Volume	19.1	2	66	26	7
Total OI	511.25	473	536	473	513

Daily Data (20 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
2023-01-03	$45.00	$50.00	87.4%	25.1%	88.5%	42.4%	90.4%	0.0%	-5.6%	3.0K	-74.6K	-4.6K	0.10	70.73	N/A	N/A	24	2	335	138
2023-01-04	$48.20	$50.00	77.7%	22.3%	93.0%	32.7%	77.7%	0.0%	3.2%	3.6K	-203.3K	-5.3K	0.90	24.44	N/A	N/A	13	12	347	140
2023-01-05	$45.80	$50.00	93.5%	24.4%	93.8%	48.5%	0.0%	0.0%	8.9%	3.6K	-164.3K	-5.0K	0.05	18.17	N/A	N/A	2	0	356	144
2023-01-06	$47.60	$50.00	66.5%	21.5%	95.3%	21.4%	74.9%	0.0%	7.3%	4.2K	-198.2K	-5.0K	0.34	24.18	N/A	N/A	5	2	367	144
2023-01-09	$46.80	$50.00	64.5%	22.4%	93.5%	19.5%	78.0%	0.0%	6.7%	4.1K	-194.7K	-4.9K	0.01	24.18	N/A	N/A	18	0	367	144
2023-01-10	$47.40	$50.00	78.6%	22.6%	84.5%	33.5%	78.8%	0.0%	5.9%	3.9K	-180.3K	-5.1K	0.30	24.21	N/A	N/A	11	3	367	144
2023-01-11	$49.20	$50.00	75.5%	21.6%	83.7%	30.5%	75.5%	0.0%	12.0%	3.8K	-222.2K	-5.3K	0.00	19.00	N/A	N/A	18	0	364	147
2023-01-12	$50.00	$50.00	84.1%	24.1%	84.0%	39.1%	84.1%	0.0%	0.8%	5.1K	-261.9K	-5.3K	0.04	17.55	N/A	N/A	15	1	377	147
2023-01-13	$50.20	$50.00	81.3%	23.3%	84.0%	36.3%	81.3%	0.0%	6.7%	5.7K	-272.8K	-5.3K	0.58	27.88	N/A	N/A	7	4	377	146
2023-01-17	$51.60	$50.00	83.8%	24.0%	84.8%	38.8%	83.8%	0.0%	2.1%	5.8K	-365.9K	-5.3K	0.02	39.52	N/A	N/A	65	1	383	146
2023-01-18	$48.40	$50.00	79.7%	22.9%	86.6%	34.7%	79.7%	0.0%	3.7%	8.7K	-221.3K	-5.2K	0.07	25.91	N/A	N/A	39	3	390	146
2023-01-19	$47.40	$50.00	71.3%	20.5%	67.7%	26.3%	71.4%	0.0%	12.9%	3.3K	-122.3K	-5.1K	0.00	29.55	N/A	N/A	21	0	382	147
2023-01-20	$49.80	$50.00	72.6%	20.8%	63.5%	27.6%	72.6%	0.0%	4.9%	10.6K	-256.0K	-5.4K	0.05	27.97	N/A	N/A	10	1	388	147
2023-01-23	$53.40	$50.00	75.8%	21.7%	67.3%	30.7%	75.6%	0.0%	9.1%	5.1K	-356.4K	-5.7K	0.07	34.54	N/A	N/A	17	1	362	137
2023-01-24	$54.20	$50.00	78.5%	22.5%	67.1%	33.5%	78.8%	0.0%	3.0%	4.9K	-387.8K	-5.8K	0.11	24.75	N/A	N/A	15	2	364	138
2023-01-25	$55.00	$50.00	79.3%	22.7%	66.2%	34.2%	79.9%	0.0%	-0.3%	4.3K	-458.8K	-5.6K	0.01	17.11	N/A	N/A	17	0	366	138
2023-01-26	$53.20	$50.00	79.3%	22.7%	64.3%	34.2%	79.2%	0.0%	4.0%	5.1K	-375.1K	-5.7K	0.25	20.99	N/A	N/A	16	4	370	139
2023-01-27	$56.20	$50.00	76.1%	21.8%	66.2%	31.1%	75.3%	0.0%	9.1%	4.7K	-447.9K	-5.9K	0.03	12.05	N/A	N/A	22	1	364	142
2023-01-30	$54.20	$50.00	71.0%	20.4%	65.9%	26.0%	61.2%	0.0%	23.4%	4.6K	-379.6K	-5.7K	0.37	31.67	N/A	N/A	2	1	370	142
2023-01-31	$54.80	$50.00	71.0%	20.3%	66.0%	25.9%	71.9%	0.0%	12.5%	4.5K	-383.8K	-5.7K	0.13	15.46	N/A	N/A	6	1	370	143