BIRD Options History — December 2023

In December 2023, BIRD traded between $20.40 and $28.40. ATM implied volatility averaged 176.8%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 36.0%. IV traded above realized volatility by 76.4% (HV 20d: 100.3%). 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 3 of 20 days. Put/call ratio averaged 0.23.

Notable Days

2023-12-18: Highest Volume — 36 contracts
2023-12-13: Largest IV drop — 62.9% change
2023-12-11: Highest IV Rank — 93.1%
2023-12-08: Largest Expected Move — 59.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.82	$20.40	$28.40	$20.40	$24.60
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	176.8%	95.8%	362.9%	188.4%	129.4%
Expected Move	36.0%	27.5%	59.6%	54.0%	37.1%
HV 20d	100.3%	80.8%	131.9%	130.9%	94.9%
HV 60d	97.0%	94.5%	102.2%	94.7%	102.2%
IV Rank	37.6%	13.3%	93.1%	42.0%	23.3%
IV Percentile	62.9%	21.4%	99.6%	86.1%	56.0%
Term Structure	-22.8%	-83.1%	42.8%	-83.1%	-41.2%
VWIV	128.2%	95.8%	214.0%	105.4%	95.8%
Bid-Ask Spread %	15.69	5.13	57.67	47.25	16.53
Gamma HHI	0.59	0.56	0.62	0.60	0.59
Net GEX	2.3K	1.9K	3.3K	1.9K	2.6K
Net DEX	-276.4K	-396.3K	-195.8K	-221.4K	-295.7K
Net VEX	-3.5K	-4.5K	-3.0K	-3.0K	-3.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.23	0.00	1.87	0.20	0.00
Total Volume	7.35	0	36	11	0
Total OI	855.1	724	945	932	761

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-12-01	$20.40	$50.00	188.4%	54.0%	130.9%	42.0%	0.0%	0.0%	-83.1%	1.9K	-221.4K	-3.0K	0.20	47.25	N/A	N/A	9	2	896	36
2023-12-04	$20.40	$50.00	233.8%	30.2%	130.5%	55.3%	0.0%	0.0%	-17.0%	2.0K	-195.8K	-3.0K	0.00	57.67	N/A	N/A	5	0	901	38
2023-12-05	$21.20	$50.00	251.8%	28.7%	130.9%	59.9%	105.4%	0.0%	-17.0%	2.0K	-244.8K	-3.1K	0.38	12.42	N/A	N/A	3	1	901	38
2023-12-06	$22.40	$50.00	254.8%	28.1%	131.9%	60.8%	0.0%	0.0%	42.8%	2.2K	-309.4K	-3.5K	0.22	8.68	N/A	N/A	5	1	903	39
2023-12-07	$22.60	$50.00	251.3%	43.3%	131.7%	59.8%	0.0%	0.0%	-17.0%	2.2K	-304.5K	-3.5K	0.00	12.59	N/A	N/A	2	0	899	38
2023-12-08	$21.20	$50.00	322.8%	59.6%	101.8%	81.1%	0.0%	0.0%	-19.1%	2.0K	-285.5K	-3.4K	0.60	33.46	N/A	N/A	2	1	901	38
2023-12-11	$21.60	$50.00	362.9%	52.9%	91.9%	93.1%	0.0%	0.0%	40.7%	2.1K	-286.2K	-3.4K	0.00	23.61	N/A	N/A	0	0	903	40
2023-12-12	$20.40	$50.00	310.8%	33.1%	96.0%	77.5%	0.0%	0.0%	-39.6%	2.0K	-234.6K	-3.1K	0.07	20.38	N/A	N/A	2	0	903	40
2023-12-13	$22.00	$50.00	115.3%	33.1%	92.1%	19.1%	0.0%	0.0%	-37.7%	2.1K	-242.4K	-3.2K	1.87	9.63	N/A	N/A	1	1	905	40
2023-12-14	$22.60	$50.00	109.2%	31.3%	89.6%	17.3%	0.0%	0.0%	0.0%	2.3K	-270.5K	-3.5K	0.00	9.46	N/A	N/A	13	0	906	39
2023-12-15	$22.00	$50.00	118.5%	34.0%	87.3%	20.1%	0.0%	0.0%	7.5%	2.2K	-268.1K	-3.2K	0.09	6.26	N/A	N/A	1	0	905	39
2023-12-18	$21.20	$50.00	130.8%	37.5%	88.0%	23.8%	0.0%	0.0%	-30.7%	2.1K	-227.6K	-3.1K	0.71	9.11	N/A	N/A	21	15	689	35
2023-12-19	$22.00	$50.00	112.8%	32.3%	88.2%	18.4%	214.0%	0.0%	-30.6%	2.2K	-217.9K	-3.2K	0.28	5.13	N/A	N/A	7	2	693	50
2023-12-20	$22.00	$50.00	114.6%	32.9%	80.8%	18.9%	0.0%	0.0%	-31.8%	2.3K	-226.8K	-3.2K	0.11	5.13	N/A	N/A	1	0	698	49
2023-12-21	$22.60	$50.00	121.4%	34.8%	81.0%	20.9%	0.0%	0.0%	-32.1%	2.4K	-250.6K	-3.5K	0.00	5.54	N/A	N/A	1	0	699	48
2023-12-22	$24.20	$50.00	109.5%	31.4%	83.3%	17.4%	0.0%	0.0%	-30.9%	2.5K	-300.3K	-3.7K	0.00	7.13	N/A	N/A	19	0	699	48
2023-12-26	$28.00	$50.00	95.8%	27.5%	92.3%	13.3%	97.5%	0.0%	-30.5%	3.3K	-396.3K	-4.5K	0.01	8.36	N/A	N/A	26	0	717	48
2023-12-27	$28.40	$50.00	100.9%	28.9%	91.5%	14.8%	0.0%	0.0%	-31.2%	3.3K	-395.1K	-4.4K	0.01	6.54	N/A	N/A	5	0	711	49
2023-12-28	$26.60	$50.00	100.5%	28.8%	92.1%	14.7%	95.8%	0.0%	-35.7%	3.0K	-354.1K	-4.3K	0.07	8.81	N/A	N/A	1	0	711	49
2023-12-29	$24.60	$50.00	129.4%	37.1%	94.9%	23.3%	0.0%	0.0%	-41.2%	2.6K	-295.7K	-3.7K	0.00	16.53	N/A	N/A	0	0	712	49