BIRD Options History — March 2023

In March 2023, BIRD traded between $21.20 and $60.40. ATM implied volatility averaged 149.7%, placing in the 49.9% IV rank vs the trailing year. The 30-day expected move averaged 33.8%. IV traded below realized volatility by 33.2% (HV 20d: 182.8%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.30.

Notable Days

  • 2023-03-10: Highest Volume — 226 contracts
  • 2023-03-10: Largest IV spike — 93.1% change
  • 2023-03-03: Highest IV Rank — 100.0%
  • 2023-03-15: Largest Expected Move — 57.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.79$21.20$60.40$57.00$24.20
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV149.7%106.1%386.1%118.7%125.8%
Expected Move33.8%21.4%57.2%34.0%36.1%
HV 20d182.8%57.9%238.5%69.1%235.7%
HV 60d127.0%73.8%151.1%73.8%148.4%
IV Rank49.9%17.9%100.0%73.7%23.7%
IV Percentile92.9%82.5%100.0%94.4%93.3%
Term Structure-13.9%-56.6%106.1%-33.7%-42.0%
VWIV126.9%74.7%295.6%118.7%147.1%
Bid-Ask Spread %31.654.5369.8912.4455.05
Gamma HHI0.610.390.730.720.66
Net GEX2.5K-2.0K6.1K5.1K3.9K
Net DEX-124.4K-692.3K423.8K-445.0K-228.1K
Net VEX-3.8K-6.1K-1.4K-5.9K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.003.250.200.00
Total Volume35.9136226712
Total OI701.348596910601726

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$57.00$50.00118.7%34.0%69.1%73.7%118.7%0.0%-33.7%5.1K-445.0K-5.9K0.2012.44N/AN/A61440161
2023-03-02$58.40$50.00132.1%37.9%64.4%87.2%131.8%0.0%-39.3%6.1K-505.7K-6.1K0.0245.43N/AN/A200444161
2023-03-03$60.40$50.00146.4%42.0%58.8%100.0%146.4%0.0%-56.6%5.9K-692.3K-5.5K0.2743.82N/AN/A3810435161
2023-03-06$57.00$50.00113.1%22.8%57.9%67.2%79.3%0.0%1.4%3.8K-419.3K-5.6K3.2526.60N/AN/A1240462167
2023-03-07$52.40$50.00107.0%24.8%64.1%61.1%86.5%0.0%-7.4%-1.4K-169.0K-5.1K1.4423.10N/AN/A45458200
2023-03-08$51.20$50.00107.8%21.4%64.2%62.0%74.7%0.0%1.4%-2.0K-165.8K-4.8K0.4016.95N/AN/A52460200
2023-03-09$47.60$50.00118.2%24.6%66.6%72.1%86.0%0.0%-1.1%-1.8K34.1K-4.7K0.2223.95N/AN/A6514464201
2023-03-10$25.00$50.00228.2%27.0%235.0%100.0%106.2%0.0%-28.8%769423.8K-1.4K0.5855.05N/AN/A14383476211
2023-03-13$23.00$50.00294.6%27.6%234.3%100.0%98.5%0.0%39.8%1.8K221.6K-2.3K0.094.91N/AN/A606614178
2023-03-14$22.40$50.00386.1%30.1%233.9%100.0%0.0%0.0%37.4%1.8K188.4K-2.4K0.0255.77N/AN/A491658165
2023-03-15$21.60$50.00199.3%57.2%232.6%45.2%295.6%0.0%-38.4%1.7K163.6K-2.2K0.0719.96N/AN/A463691156
2023-03-16$21.20$50.00111.5%32.0%231.0%19.5%0.0%0.0%0.0%686166.9K-1.7K0.035.05N/AN/A241734154
2023-03-17$22.00$50.00106.1%30.4%232.2%17.9%108.3%0.0%106.1%2.3K123.1K-2.9K0.0353.85N/AN/A341756154
2023-03-20$21.20$50.00118.0%33.8%231.0%21.4%122.9%0.0%-11.1%2.0K-104.9K-2.7K0.164.53N/AN/A25457850
2023-03-21$23.40$50.00110.6%31.7%236.7%19.2%117.8%0.0%-28.6%3.1K-166.1K-3.5K0.0112.34N/AN/A9060353
2023-03-22$22.60$50.00180.2%51.7%235.8%39.6%0.0%0.0%-30.9%2.7K-148.8K-3.3K0.0020.11N/AN/A16061153
2023-03-23$22.60$50.00121.2%34.7%235.1%22.3%0.0%0.0%-13.0%3.0K-200.3K-3.7K0.0056.64N/AN/A23062252
2023-03-24$23.00$50.00147.3%42.2%236.1%30.0%183.7%0.0%-32.7%3.4K-201.2K-3.6K0.0169.89N/AN/A7061952
2023-03-27$24.60$50.00118.5%34.0%238.5%21.5%0.0%0.0%-34.3%3.4K-170.9K-3.5K0.0755.05N/AN/A6062552
2023-03-28$25.00$50.00110.5%31.7%238.1%19.2%0.0%0.0%-35.2%3.9K-188.4K-4.1K0.006.96N/AN/A14063052
2023-03-29$24.60$50.00108.1%31.0%237.6%18.5%0.0%0.0%-18.8%3.7K-197.1K-4.1K0.025.48N/AN/A6064352
2023-03-30$23.80$50.00133.8%38.4%236.4%26.0%147.1%0.0%-40.9%3.5K-179.3K-3.9K0.0354.94N/AN/A30164552
2023-03-31$24.20$50.00125.8%36.1%235.7%23.7%0.0%0.0%-42.0%3.9K-228.1K-4.4K0.0055.05N/AN/A12067452