BIRD Options History — February 2023

In February 2023, BIRD traded between $53.80 and $63.80. ATM implied volatility averaged 93.3%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 28.4%. IV traded above realized volatility by 23.2% (HV 20d: 70.1%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.38.

Notable Days

  • 2023-02-02: Highest Volume — 145 contracts
  • 2023-02-08: Largest IV spike — 35.3% change
  • 2023-02-28: Highest IV Rank — 66.5%
  • 2023-02-28: Largest Expected Move — 31.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.39$53.80$63.80$59.00$56.60
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV93.3%58.7%111.4%73.1%111.4%
Expected Move28.4%20.9%31.9%20.9%31.9%
HV 20d70.1%64.4%77.3%64.4%69.2%
HV 60d76.4%74.2%79.8%77.4%74.2%
IV Rank48.3%13.6%66.5%28.0%66.5%
IV Percentile57.4%3.2%90.9%15.9%90.9%
Term Structure-11.2%-24.1%44.3%44.3%-24.1%
VWIV99.3%86.9%107.1%90.6%102.4%
Bid-Ask Spread %16.128.1350.088.1314.95
Gamma HHI0.660.560.860.570.63
Net GEX5.0K3.8K6.9K5.4K5.4K
Net DEX-505.7K-726.0K-353.8K-509.3K-473.7K
Net VEX-5.8K-6.4K-5.2K-6.0K-5.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.002.320.200.00
Total Volume18.1050145300
Total OI579.526513618513607

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$59.00$50.0073.1%20.9%64.4%28.0%90.6%0.0%44.3%5.4K-509.3K-6.0K0.208.13N/AN/A255370143
2023-02-02$63.80$50.0074.2%25.3%65.6%29.2%87.3%0.0%-6.3%6.9K-726.0K-6.4K0.0828.11N/AN/A13411382148
2023-02-03$59.80$50.0072.2%25.0%67.5%27.1%86.9%0.0%-4.3%6.1K-560.1K-6.1K0.1014.02N/AN/A192396150
2023-02-06$61.00$50.0058.7%30.5%66.9%13.6%106.3%0.0%-21.2%4.2K-667.4K-5.3K0.7411.55N/AN/A1713397150
2023-02-07$61.00$50.0071.5%30.9%66.2%26.5%107.1%0.0%-23.1%4.3K-677.0K-5.5K0.0111.56N/AN/A60404150
2023-02-08$58.00$50.0096.7%27.7%70.0%51.7%96.1%0.0%-15.3%3.8K-613.0K-5.2K0.3012.64N/AN/A103407166
2023-02-09$56.20$50.0093.9%26.9%70.7%48.9%92.8%0.0%-7.0%4.0K-403.2K-6.0K0.3812.94N/AN/A11411172
2023-02-10$57.40$50.0099.9%28.6%70.8%54.9%99.7%0.0%-16.0%4.8K-463.2K-5.9K0.0111.71N/AN/A70412172
2023-02-13$57.00$50.00101.8%29.2%71.0%56.8%101.5%0.0%-14.7%4.9K-473.8K-6.0K0.0914.94N/AN/A30419172
2023-02-14$58.20$50.00105.4%30.2%70.7%60.4%105.4%0.0%-19.2%4.5K-662.5K-5.3K0.4613.14N/AN/A63421172
2023-02-15$60.00$50.00102.6%29.4%66.1%57.6%102.5%0.0%-9.1%6.0K-595.8K-6.2K0.4114.02N/AN/A73420172
2023-02-16$54.00$50.0097.3%27.9%77.3%52.3%97.3%0.0%-9.9%4.6K-381.6K-5.6K0.1910.77N/AN/A234425173
2023-02-17$55.00$50.0094.2%27.0%75.8%49.2%94.4%0.0%-6.5%5.2K-441.0K-5.9K0.2914.15N/AN/A113443175
2023-02-21$53.80$50.00103.2%29.6%72.3%58.2%103.6%0.0%-17.6%4.9K-353.8K-5.8K0.9912.97N/AN/A55432156
2023-02-22$54.60$50.00104.8%30.0%72.3%59.8%104.8%0.0%-20.6%4.8K-364.9K-5.8K0.1313.87N/AN/A51433160
2023-02-23$55.80$50.00106.0%30.4%72.6%61.0%106.0%0.0%-13.6%5.4K-435.9K-6.0K0.3850.08N/AN/A10438160
2023-02-24$54.20$50.00102.9%29.5%72.3%57.9%103.1%0.0%-16.2%4.9K-382.8K-5.8K0.0421.03N/AN/A70438160
2023-02-27$55.00$50.00102.3%29.3%69.7%57.4%102.4%0.0%-12.4%4.8K-423.2K-5.8K2.3215.75N/AN/A12445160
2023-02-28$56.60$50.00111.4%31.9%69.2%66.5%0.0%0.0%-24.1%5.4K-473.7K-5.9K0.0014.95N/AN/A00446161