BIRD Options History — September 2023

In September 2023, BIRD traded between $22.00 and $28.00. ATM implied volatility averaged 162.6%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 32.9%. IV traded above realized volatility by 106.3% (HV 20d: 56.3%). 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 8 of 20 days. Put/call ratio averaged 1.06.

Notable Days

  • 2023-09-26: Highest Volume — 48 contracts
  • 2023-09-13: Largest IV drop — 67.4% change
  • 2023-09-12: Highest IV Rank — 83.4%
  • 2023-09-28: Largest Expected Move — 49.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.79$22.00$28.00$26.20$22.40
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV162.6%92.4%329.6%155.5%140.4%
Expected Move32.9%24.1%49.9%44.6%40.3%
HV 20d56.3%38.8%117.8%117.8%47.9%
HV 60d87.9%86.7%89.4%89.3%87.7%
IV Rank34.5%13.9%83.4%32.4%28.0%
IV Percentile78.5%41.3%99.6%90.9%80.6%
Term Structure-2.4%-63.0%51.7%-63.0%-25.2%
VWIV121.0%121.0%121.0%121.0%121.0%
Bid-Ask Spread %23.126.3972.5121.7415.88
Gamma HHI0.520.430.560.540.51
Net GEX2.2K1.5K3.4K2.5K1.8K
Net DEX-351.0K-670.5K-259.3K-383.8K-317.0K
Net VEX-3.9K-4.3K-3.3K-4.0K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.0018.180.770.00
Total Volume5.104821
Total OI1,015.658621,1521,143910

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$26.20$50.00155.5%44.6%117.8%32.4%0.0%0.0%-63.0%2.5K-383.8K-4.0K0.7721.74N/AN/A111,10934
2023-09-05$25.40$50.00194.3%24.1%117.6%43.7%0.0%0.0%37.6%2.5K-329.8K-4.0K0.0072.51N/AN/A001,10834
2023-09-06$25.80$50.00189.7%25.0%116.6%42.4%0.0%0.0%38.4%2.5K-354.6K-4.0K18.1811.33N/AN/A1101,10834
2023-09-07$25.40$50.00286.6%27.2%47.4%70.8%0.0%0.0%39.8%2.3K-320.6K-4.1K0.008.21N/AN/A001,10844
2023-09-08$25.80$50.00214.9%25.5%48.4%49.8%0.0%0.0%46.5%2.3K-363.8K-4.1K0.006.96N/AN/A001,10844
2023-09-11$27.00$50.00273.5%25.5%51.1%67.0%0.0%0.0%36.6%3.4K-396.7K-4.2K0.1915.43N/AN/A201,10844
2023-09-12$28.00$50.00329.6%24.6%52.0%83.4%0.0%0.0%51.7%1.5K-670.5K-3.3K0.1414.77N/AN/A301,10744
2023-09-13$27.00$50.00107.4%30.8%41.0%18.3%0.0%0.0%43.0%2.5K-337.7K-4.2K0.0021.42N/AN/A101,10644
2023-09-14$27.00$50.0092.4%26.5%38.8%13.9%0.0%0.0%7.6%2.6K-350.4K-4.3K0.0014.85N/AN/A101,10644
2023-09-15$25.80$50.0097.3%27.9%41.8%15.3%0.0%0.0%-6.3%2.5K-338.7K-4.1K1.2914.88N/AN/A001,10644
2023-09-18$25.00$50.00107.6%30.8%42.7%18.3%121.0%0.0%-8.7%2.4K-311.0K-4.1K0.0362.32N/AN/A12080953
2023-09-19$25.40$50.00111.3%31.9%43.2%19.4%0.0%0.0%-26.2%2.2K-317.7K-4.1K0.2955.49N/AN/A1081653
2023-09-20$25.00$50.00111.0%31.8%40.4%19.3%0.0%0.0%-10.4%2.0K-379.6K-4.0K0.0020.06N/AN/A3081654
2023-09-21$23.40$50.00114.5%32.8%44.8%20.3%0.0%0.0%-30.9%1.9K-334.9K-3.8K0.0114.96N/AN/A4081754
2023-09-22$22.60$50.00123.5%35.4%45.9%23.0%0.0%0.0%-33.4%1.7K-336.9K-3.6K0.0213.18N/AN/A3081854
2023-09-25$22.00$50.00125.2%35.9%46.3%23.5%0.0%0.0%-38.8%2.0K-259.3K-3.6K0.2310.42N/AN/A4182054
2023-09-26$22.60$50.00133.2%38.2%47.9%25.8%0.0%0.0%-39.4%1.9K-316.9K-3.7K0.006.39N/AN/A48082455
2023-09-27$22.00$50.00170.2%48.8%47.6%36.7%0.0%0.0%-42.5%1.6K-330.2K-3.6K0.0335.98N/AN/A4085655
2023-09-28$22.00$50.00174.0%49.9%47.6%37.8%0.0%0.0%-23.7%1.8K-270.4K-3.5K0.0025.62N/AN/A1085655
2023-09-29$22.40$50.00140.4%40.3%47.9%28.0%0.0%0.0%-25.2%1.8K-317.0K-3.6K0.0015.88N/AN/A1085555