BIRD Options History — May 2023

In May 2023, BIRD traded between $23.00 and $27.40. ATM implied volatility averaged 119.1%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 31.8%. IV traded above realized volatility by 55.2% (HV 20d: 63.9%). Max pain ranged from $50.00 to $100.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.09.

Notable Days

  • 2023-05-08: Highest Volume — 351 contracts
  • 2023-05-11: Largest IV spike — 90.7% change
  • 2023-05-08: Highest IV Rank — 39.1%
  • 2023-05-02: Largest Expected Move — 47.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.73$23.00$27.40$25.00$24.60
Max Pain$52.27$50.00$100.00$100.00$50.00
ATM IV119.1%51.3%178.4%127.2%147.9%
Expected Move31.8%14.7%47.7%36.5%42.4%
HV 20d63.9%48.3%70.3%48.3%68.1%
HV 60d146.1%144.5%147.7%144.7%146.2%
IV Rank21.7%1.8%39.1%24.1%30.1%
IV Percentile73.7%1.2%98.0%90.5%95.2%
Term Structure-15.6%-60.2%38.0%-47.4%-60.2%
VWIV106.3%15.0%170.4%152.4%164.2%
Bid-Ask Spread %24.072.6587.9953.076.73
Gamma HHI0.660.510.700.610.69
Net GEX5.5K1.6K7.8K3.3K6.6K
Net DEX-521.9K-733.6K-154.3K-255.2K-648.0K
Net VEX-5.9K-7.6K-2.8K-4.0K-6.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.001.090.000.04
Total Volume47.6821351201
Total OI1,452.0917721,6777721,628

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$25.00$100.00127.2%36.5%48.3%24.1%0.0%0.0%-47.4%3.3K-255.2K-4.0K0.0053.07N/AN/A20073636
2023-05-02$23.80$50.00166.2%47.7%50.1%35.5%0.0%0.0%-53.1%1.6K-154.3K-2.8K0.0087.99N/AN/A209074436
2023-05-03$24.60$50.00129.2%37.0%50.8%24.7%0.0%0.0%-54.3%4.3K-342.1K-4.8K0.0085.02N/AN/A112096136
2023-05-04$23.80$50.00143.3%24.6%52.0%28.8%0.0%0.0%21.7%4.2K-355.3K-4.8K0.1555.05N/AN/A301,05636
2023-05-05$26.20$50.00139.8%23.4%60.8%27.8%0.0%0.0%-23.6%5.9K-506.5K-6.1K0.005.65N/AN/A3001,05736
2023-05-08$26.60$50.00178.4%42.2%58.7%39.1%152.4%0.0%-21.4%6.0K-645.3K-6.7K0.0010.16N/AN/A35101,07037
2023-05-09$27.40$50.00177.0%40.6%58.5%38.7%170.4%0.0%-41.0%7.8K-733.6K-7.6K0.007.20N/AN/A22111,39236
2023-05-10$25.00$50.0051.3%14.7%67.4%1.8%15.0%0.0%35.6%6.9K-678.2K-7.1K0.0253.15N/AN/A2111,64037
2023-05-11$26.20$50.0097.8%28.0%69.2%15.4%0.0%0.0%38.0%7.1K-670.6K-7.1K0.006.96N/AN/A701,62437
2023-05-12$25.40$50.0081.9%23.5%69.2%10.8%0.0%0.0%34.6%7.0K-712.8K-7.2K0.017.13N/AN/A1601,62537
2023-05-15$25.80$50.0090.0%25.8%68.5%13.2%0.0%0.0%32.9%6.8K-669.3K-7.0K0.005.65N/AN/A801,61237
2023-05-16$24.60$50.0093.8%26.9%70.3%14.3%0.0%0.0%15.7%6.4K-624.4K-6.7K0.014.09N/AN/A501,61337
2023-05-17$24.60$50.0095.3%27.3%70.0%14.7%0.0%0.0%11.6%6.6K-614.7K-6.8K0.014.09N/AN/A401,61437
2023-05-18$23.80$50.00104.0%29.8%69.0%17.3%103.1%0.0%23.4%6.3K-598.4K-6.7K0.025.38N/AN/A1101,61537
2023-05-19$23.40$50.00100.6%28.8%68.8%16.3%92.5%0.0%22.8%4.0K-385.5K-4.8K1.092.65N/AN/A111,62237
2023-05-22$23.40$50.00123.0%35.3%66.8%22.9%131.0%0.0%-41.1%4.1K-404.5K-4.9K0.153.86N/AN/A711,58736
2023-05-23$23.80$50.00114.1%32.7%66.9%20.2%112.9%0.0%-42.1%4.2K-445.8K-5.2K0.0454.03N/AN/A301,59737
2023-05-24$24.20$50.00120.5%34.6%66.8%22.1%0.0%0.0%-43.1%4.3K-404.1K-5.0K0.0054.03N/AN/A401,59737
2023-05-25$23.00$50.0070.0%20.1%66.7%7.3%15.0%0.0%-47.7%4.0K-409.7K-4.9K0.334.01N/AN/A311,59737
2023-05-26$23.80$50.00121.8%34.9%67.7%22.5%0.0%0.0%-48.1%6.0K-625.5K-6.2K0.076.73N/AN/A301,59736
2023-05-30$25.00$50.00146.8%42.1%70.2%29.8%164.2%0.0%-55.7%6.8K-598.0K-6.5K0.036.80N/AN/A401,59436
2023-05-31$24.60$50.00147.9%42.4%68.1%30.1%0.0%0.0%-60.2%6.6K-648.0K-6.8K0.046.73N/AN/A101,59236