BIRD Options History — June 2023

In June 2023, BIRD traded between $23.80 and $28.40. ATM implied volatility averaged 145.7%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 30.8%. IV traded above realized volatility by 77.0% (HV 20d: 68.8%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.12.

Notable Days

  • 2023-06-14: Highest Volume — 109 contracts
  • 2023-06-14: Largest IV drop — 71.3% change
  • 2023-06-13: Highest IV Rank — 77.2%
  • 2023-06-07: Largest Expected Move — 42.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.77$23.80$28.40$23.80$25.00
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV145.7%88.1%308.3%143.4%132.2%
Expected Move30.8%22.7%42.5%41.1%37.9%
HV 20d68.8%62.1%75.2%68.1%68.0%
HV 60d74.7%61.3%147.2%145.6%61.8%
IV Rank29.5%12.6%77.2%28.8%25.5%
IV Percentile82.0%46.4%99.6%92.9%87.7%
Term Structure0.8%-66.4%56.0%-66.4%-40.5%
VWIV140.0%99.9%209.2%144.7%112.6%
Bid-Ask Spread %14.564.2355.545.387.28
Gamma HHI0.660.610.720.690.62
Net GEX5.8K4.1K8.1K6.3K4.2K
Net DEX-549.7K-771.1K-396.7K-607.8K-450.2K
Net VEX-5.9K-7.4K-4.8K-6.5K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.940.010.02
Total Volume25.333110946
Total OI1,412.4761,0671,6691,6281,067

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$23.80$50.00143.4%41.1%68.1%28.8%0.0%0.0%-66.4%6.3K-607.8K-6.5K0.015.38N/AN/A401,59236
2023-06-02$26.20$50.00139.7%40.1%75.2%27.7%144.7%0.0%23.5%7.2K-692.4K-6.9K0.015.65N/AN/A1201,59236
2023-06-05$25.40$50.00167.6%23.9%67.9%35.9%0.0%0.0%37.9%4.6K-441.2K-5.2K0.0053.47N/AN/A501,59836
2023-06-06$25.40$50.00150.5%24.1%67.7%30.9%0.0%0.0%37.6%4.5K-396.7K-5.0K0.005.54N/AN/A301,59636
2023-06-07$27.00$50.00182.8%42.5%70.5%40.4%0.0%0.0%20.1%7.4K-644.4K-6.7K0.0116.21N/AN/A3001,59436
2023-06-08$27.60$50.00180.6%24.9%62.1%39.7%0.0%0.0%34.3%7.7K-710.1K-7.0K0.0410.59N/AN/A3711,61436
2023-06-09$25.80$50.00189.7%22.7%65.0%42.4%0.0%0.0%38.5%7.1K-614.5K-6.7K0.015.65N/AN/A401,59936
2023-06-12$25.80$50.00283.7%26.5%64.0%70.0%0.0%0.0%34.3%7.1K-618.0K-6.5K0.026.96N/AN/A601,60136
2023-06-13$26.60$50.00308.3%25.3%64.7%77.2%0.0%0.0%31.6%7.2K-573.6K-6.5K0.064.23N/AN/A701,60436
2023-06-14$28.40$50.0088.6%25.4%65.8%12.7%0.0%0.0%46.2%8.1K-740.1K-7.4K0.0755.54N/AN/A10271,60934
2023-06-15$28.00$50.0088.1%25.3%66.2%12.6%0.0%0.0%0.0%7.6K-771.1K-7.4K0.017.39N/AN/A401,62640
2023-06-16$26.60$50.0091.7%26.3%67.9%13.7%0.0%0.0%-6.0%7.2K-671.1K-6.8K1.945.65N/AN/A231,62940
2023-06-20$25.00$50.0097.8%28.0%71.7%15.4%99.9%0.0%56.0%4.4K-462.4K-5.1K0.006.93N/AN/A5801,14334
2023-06-21$24.20$50.00117.3%33.6%72.8%21.2%133.6%0.0%-28.6%4.4K-419.7K-5.0K0.216.59N/AN/A1331,08534
2023-06-22$24.60$50.00121.3%34.8%72.8%22.4%0.0%0.0%-29.2%4.1K-424.5K-4.9K0.006.59N/AN/A101,07734
2023-06-23$25.40$50.00116.9%33.5%73.4%21.0%209.2%0.0%-29.2%4.5K-506.6K-5.2K0.0154.01N/AN/A501,07834
2023-06-26$25.80$50.00125.4%36.0%70.7%23.6%0.0%0.0%-32.4%4.7K-483.2K-5.1K0.0022.33N/AN/A4801,07834
2023-06-27$25.00$50.00110.7%31.7%71.1%19.2%112.6%0.0%-35.2%4.4K-454.2K-5.0K0.006.02N/AN/A3701,06634
2023-06-28$24.60$50.00108.3%31.1%69.1%18.5%0.0%0.0%-37.6%4.3K-424.0K-4.9K0.006.89N/AN/A8101,07034
2023-06-29$25.00$50.00115.5%33.1%69.1%20.6%0.0%0.0%-38.5%4.1K-437.3K-4.8K0.006.93N/AN/A5301,03434
2023-06-30$25.00$50.00132.2%37.9%68.0%25.5%0.0%0.0%-40.5%4.2K-450.2K-4.9K0.027.28N/AN/A601,03334