BIRD Options History — July 2023

In July 2023, BIRD traded between $24.20 and $33.40. ATM implied volatility averaged 123.7%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 31.3%. IV traded above realized volatility by 58.9% (HV 20d: 64.8%). 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 6 of 20 days. Put/call ratio averaged 0.13.

Notable Days

  • 2023-07-19: Highest Volume — 320 contracts
  • 2023-07-19: Largest IV spike — 86.6% change
  • 2023-07-11: Highest IV Rank — 41.5%
  • 2023-07-25: Largest Expected Move — 44.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.27$24.20$33.40$25.80$30.00
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV123.7%76.4%186.5%118.7%112.3%
Expected Move31.3%21.9%44.2%34.0%32.2%
HV 20d64.8%48.2%80.7%59.5%80.7%
HV 60d66.1%61.7%72.4%62.0%71.6%
IV Rank23.1%9.2%41.5%21.6%19.7%
IV Percentile72.1%22.6%97.2%82.1%72.2%
Term Structure-8.8%-59.0%50.3%-45.3%38.8%
VWIV162.0%144.6%187.7%144.6%174.6%
Bid-Ask Spread %12.704.0583.964.247.89
Gamma HHI0.660.460.730.660.72
Net GEX7.0K1.6K10.7K4.6K9.8K
Net DEX-776.1K-1.3M-274.8K-398.7K-1.0M
Net VEX-6.7K-9.5K-3.2K-4.7K-8.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.000.870.000.64
Total Volume30032043
Total OI1,186.251,0731,3471,0731,313

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$25.80$50.00118.7%34.0%59.5%21.6%0.0%0.0%-45.3%4.6K-398.7K-4.7K0.004.24N/AN/A401,03934
2023-07-05$25.40$50.00119.6%34.3%58.7%21.8%0.0%0.0%-52.3%4.1K-465.5K-4.7K0.006.59N/AN/A501,04134
2023-07-06$24.20$50.00148.5%25.5%61.2%30.3%0.0%0.0%-18.9%1.6K-274.8K-3.2K0.405.38N/AN/A001,04434
2023-07-07$25.00$50.00161.4%27.0%58.0%34.1%0.0%0.0%-18.7%4.1K-463.8K-4.8K0.876.73N/AN/A111,04434
2023-07-10$25.40$50.00167.6%25.8%57.7%35.9%0.0%0.0%-20.1%4.1K-464.4K-4.8K0.004.09N/AN/A801,04535
2023-07-11$24.60$50.00186.5%27.8%53.8%41.5%0.0%0.0%-21.5%4.2K-420.0K-4.8K0.258.80N/AN/A001,04435
2023-07-12$25.40$50.0092.5%26.5%55.2%13.9%0.0%0.0%-21.3%4.2K-450.5K-4.8K0.006.96N/AN/A1501,04435
2023-07-13$25.80$50.0085.1%24.4%54.3%11.7%0.0%0.0%45.5%6.3K-645.5K-6.2K0.005.65N/AN/A2401,05135
2023-07-14$25.80$50.0086.3%24.7%48.2%12.1%0.0%0.0%-6.3%4.5K-561.5K-5.3K0.005.65N/AN/A1301,06635
2023-07-17$26.20$50.0093.3%26.7%48.6%14.1%0.0%0.0%50.3%4.6K-568.6K-5.4K0.245.65N/AN/A511,07335
2023-07-18$30.00$50.0076.4%21.9%66.2%9.2%0.0%0.0%46.5%8.1K-861.0K-7.4K0.036.35N/AN/A2511,07735
2023-07-19$33.40$50.00142.7%40.9%70.2%28.6%144.6%0.0%-16.5%9.0K-1.1M-8.5K0.006.87N/AN/A31911,11735
2023-07-20$33.00$50.00126.9%36.4%68.8%24.0%146.4%0.0%-33.8%10.1K-1.3M-9.3K0.0111.10N/AN/A4201,28736
2023-07-21$33.00$50.00122.2%35.0%69.0%22.6%145.7%0.0%-17.9%10.7K-1.3M-9.5K0.014.05N/AN/A2301,31136
2023-07-24$30.80$50.00143.1%41.0%74.7%28.7%173.3%0.0%-55.1%10.1K-1.1M-8.7K0.0253.64N/AN/A1801,30033
2023-07-25$30.00$50.00154.1%44.2%75.7%32.0%187.7%0.0%-59.0%9.7K-1.1M-8.4K0.007.89N/AN/A4101,30434
2023-07-26$31.60$50.00142.2%40.8%75.8%28.5%174.6%0.0%-51.2%10.5K-1.0M-8.6K0.0083.96N/AN/A1301,29534
2023-07-27$29.60$50.0099.4%28.5%80.1%15.9%0.0%0.0%41.0%9.4K-968.0K-8.0K0.006.19N/AN/A2901,29734
2023-07-28$30.40$50.0095.4%27.4%80.3%14.8%0.0%0.0%40.3%9.9K-1.0M-8.4K0.076.35N/AN/A711,27634
2023-07-31$30.00$50.00112.3%32.2%80.7%19.7%0.0%0.0%38.8%9.8K-1.0M-8.3K0.647.89N/AN/A211,27934