BIRD Options History — August 2023

In August 2023, BIRD traded between $25.40 and $33.80. ATM implied volatility averaged 119.2%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 32.2%. IV traded above realized volatility by 3.2% (HV 20d: 116.0%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.17.

Notable Days

  • 2023-08-09: Highest Volume — 77 contracts
  • 2023-08-09: Largest IV drop — 39.8% change
  • 2023-08-08: Highest IV Rank — 38.3%
  • 2023-08-30: Largest Expected Move — 42.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.70$25.40$33.80$29.20$25.80
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV119.2%71.6%175.7%109.7%147.4%
Expected Move32.2%20.5%42.5%31.5%42.3%
HV 20d116.0%81.2%137.0%81.2%119.1%
HV 60d86.3%69.3%93.3%71.5%90.1%
IV Rank21.7%7.8%38.3%18.9%30.0%
IV Percentile69.5%14.7%94.4%67.1%88.9%
Term Structure-13.7%-66.4%49.6%32.5%-60.3%
VWIV132.5%77.9%194.8%194.8%162.2%
Bid-Ask Spread %12.414.2354.7453.509.97
Gamma HHI0.630.520.740.740.56
Net GEX5.7K2.2K10.7K9.7K2.6K
Net DEX-629.8K-1.1M-333.6K-874.6K-333.6K
Net VEX-5.8K-8.8K-4.0K-7.8K-4.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.001.380.051.38
Total Volume14.47817722
Total OI1,226.6091,1291,3151,3151,143

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$29.20$50.00109.7%31.5%81.2%18.9%194.8%0.0%32.5%9.7K-874.6K-7.8K0.0553.50N/AN/A201,28035
2023-08-02$27.60$50.00111.7%32.0%83.9%19.5%105.8%0.0%-47.0%9.0K-828.6K-7.5K0.014.43N/AN/A5401,28035
2023-08-03$29.20$50.00116.7%32.1%83.4%21.0%82.9%0.0%25.3%8.9K-806.6K-7.4K0.0254.74N/AN/A1601,23135
2023-08-04$27.60$50.00137.0%23.0%86.1%26.9%0.0%0.0%36.2%5.5K-580.6K-5.9K0.306.73N/AN/A311,23635
2023-08-07$26.60$50.00161.9%40.2%87.2%34.2%172.7%0.0%-66.4%5.2K-527.6K-5.5K0.025.99N/AN/A1301,23936
2023-08-08$25.40$50.00175.7%29.2%88.1%38.3%105.7%0.0%15.8%5.0K-497.4K-5.2K0.326.41N/AN/A311,24136
2023-08-09$33.80$50.00105.7%30.3%133.9%17.8%123.8%0.0%-11.4%10.6K-1.1M-8.6K0.1617.17N/AN/A67101,24437
2023-08-10$33.00$50.00114.6%32.9%134.5%20.4%132.4%0.0%-17.1%10.7K-1.1M-8.8K0.105.27N/AN/A2421,26545
2023-08-11$31.60$50.0071.6%20.5%135.9%7.8%0.0%0.0%49.6%10.1K-1.0M-8.4K0.086.60N/AN/A1311,25837
2023-08-14$30.40$50.0077.7%22.3%137.0%9.6%0.0%0.0%49.5%9.1K-1.0M-7.9K0.015.80N/AN/A1001,25336
2023-08-15$27.60$50.0081.1%23.3%133.0%10.6%77.9%0.0%31.5%5.4K-625.6K-5.7K1.005.98N/AN/A111,25036
2023-08-16$26.60$50.0098.9%28.3%126.6%15.8%107.8%0.0%29.2%2.4K-382.8K-4.2K0.034.23N/AN/A3111,25035
2023-08-17$26.20$50.0097.9%28.1%126.6%15.5%0.0%0.0%0.0%5.2K-520.8K-5.4K0.005.65N/AN/A401,22335
2023-08-18$26.60$50.00102.3%29.3%126.9%16.8%0.0%0.0%-15.9%5.1K-587.4K-5.6K0.0011.92N/AN/A4501,22435
2023-08-21$26.60$50.00118.9%34.1%125.1%21.6%0.0%0.0%-35.3%7.6K-700.9K-6.4K0.0018.49N/AN/A801,09534
2023-08-22$25.40$50.00126.1%36.2%125.7%23.8%0.0%0.0%-39.0%2.2K-369.3K-4.0K0.3313.38N/AN/A101,10034
2023-08-23$26.20$50.00121.8%34.9%124.6%22.5%0.0%0.0%-39.2%5.1K-558.1K-5.5K0.009.80N/AN/A401,10035
2023-08-24$26.20$50.00135.5%38.9%122.8%26.5%0.0%0.0%-41.0%2.2K-418.3K-4.1K0.0011.21N/AN/A101,10335
2023-08-25$26.20$50.00114.5%32.8%122.2%20.4%0.0%0.0%-43.0%2.3K-415.3K-4.1K0.005.65N/AN/A201,10335
2023-08-28$26.20$50.00123.5%35.4%122.2%23.0%0.0%0.0%-49.9%2.5K-399.9K-4.0K0.005.65N/AN/A301,10435
2023-08-29$26.60$50.00143.8%41.2%122.2%28.9%191.7%0.0%-51.7%2.4K-394.2K-4.2K0.118.43N/AN/A401,10234
2023-08-30$26.60$50.00148.2%42.5%120.7%30.2%0.0%0.0%-54.7%2.5K-432.4K-4.1K0.008.43N/AN/A501,10335
2023-08-31$25.80$50.00147.4%42.3%119.1%30.0%162.2%0.0%-60.3%2.6K-333.6K-4.0K1.389.97N/AN/A111,10835