BIRD Options History — February 2024

In February 2024, BIRD traded between $18.00 and $20.80. ATM implied volatility averaged 148.5%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 38.3%. IV traded above realized volatility by 73.2% (HV 20d: 75.3%). Max pain ranged from $20.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.06.

Notable Days

  • 2024-02-26: Highest Volume — 26 contracts
  • 2024-02-07: Largest IV drop — 52.2% change
  • 2024-02-06: Highest IV Rank — 67.3%
  • 2024-02-29: Largest Expected Move — 52.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.18$18.00$20.80$19.20$18.40
Max Pain$30.50$20.00$50.00$50.00$20.00
ATM IV148.5%98.6%276.6%158.2%183.3%
Expected Move38.3%28.3%52.6%38.7%52.6%
HV 20d75.3%65.7%81.0%70.7%75.4%
HV 60d88.7%79.1%102.3%99.7%79.1%
IV Rank29.0%14.1%67.3%31.9%39.4%
IV Percentile52.2%11.5%96.0%65.9%75.0%
Term Structure-38.2%-131.3%20.5%20.5%-62.2%
VWIV160.7%101.7%347.0%154.9%187.7%
Skew 25d14.2%-76.4%83.7%-0.2%35.7%
Skew 10d10.4%-315.3%68.6%29.2%38.1%
Call IV 25d113.2%83.4%173.8%132.3%88.8%
Put IV 25d127.5%93.2%195.5%132.1%124.5%
Bid-Ask Spread %75.139.13110.7860.1079.52
Gamma HHI0.680.570.740.700.57
Net GEX2.7K2.3K3.3K2.3K3.2K
Net DEX-264.2K-460.2K-155.2K-198.6K-267.5K
Net VEX-3.2K-3.7K-2.6K-3.0K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.330.000.28
Total Volume6.8026022
Total OI568.95538623538623

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$19.20$50.00158.2%38.7%70.7%31.9%0.0%0.0%20.5%2.3K-198.6K-3.0K0.0060.10N/AN/A0049642
2024-02-02$20.40$50.00188.4%45.4%71.0%40.9%0.0%0.0%-46.9%2.5K-260.8K-3.4K0.0018.66N/AN/A13049642
2024-02-05$18.60$50.00236.2%36.4%74.9%55.3%0.0%0.0%17.0%2.3K-210.9K-3.1K0.1012.67N/AN/A1050842
2024-02-06$19.20$50.00276.6%41.1%76.3%67.3%0.0%0.0%19.5%2.4K-236.6K-3.1K0.009.13N/AN/A3050942
2024-02-07$18.60$50.00132.2%37.9%72.8%24.2%0.0%-0.2%-128.8%2.4K-196.2K-2.8K0.00106.19N/AN/A6051142
2024-02-08$19.20$50.00123.3%35.3%70.6%21.5%0.0%6.2%-31.4%2.7K-209.0K-3.0K0.0268.67N/AN/A3051742
2024-02-09$19.20$40.00118.4%33.9%65.7%20.1%154.9%-76.4%-66.3%2.7K-248.0K-3.3K0.0090.62N/AN/A0051742
2024-02-12$20.80$30.0098.6%28.3%71.6%14.1%127.5%-58.4%-20.9%3.0K-306.9K-3.7K0.2197.65N/AN/A1051842
2024-02-13$19.20$20.00133.2%38.2%76.6%24.5%0.0%28.9%-131.3%2.7K-248.4K-3.2K0.0075.40N/AN/A2051842
2024-02-14$20.00$20.00121.4%34.8%77.9%21.0%130.6%16.1%-67.3%3.0K-243.3K-3.4K0.0177.45N/AN/A8052042
2024-02-15$20.40$20.00134.0%38.4%77.8%24.7%0.0%26.0%-108.8%3.1K-264.8K-3.5K0.1576.57N/AN/A1052642
2024-02-16$19.20$20.00148.7%42.6%81.0%29.1%347.0%83.7%15.3%2.5K-460.2K-3.6K0.09107.90N/AN/A1052743
2024-02-20$18.40$20.00109.7%31.4%76.5%17.5%0.0%26.1%2.3%2.4K-393.3K-3.3K0.0096.72N/AN/A8052542
2024-02-21$19.00$20.00123.1%35.3%77.2%21.5%121.0%25.9%-55.0%2.6K-155.2K-2.6K0.0488.69N/AN/A4053139
2024-02-22$18.00$20.0098.8%28.3%77.0%14.2%120.0%42.8%5.4%2.4K-242.8K-3.0K0.3376.44N/AN/A0053340
2024-02-23$18.60$20.00108.7%31.2%78.2%17.1%101.7%39.3%17.7%2.8K-231.1K-3.0K0.03110.78N/AN/A6053440
2024-02-26$19.00$20.00144.7%41.5%78.3%27.9%144.8%34.9%-41.0%2.8K-256.7K-3.3K0.0082.93N/AN/A26053940
2024-02-27$19.40$20.00179.1%51.3%78.3%38.2%179.1%-21.5%-61.9%3.2K-286.2K-3.5K0.0073.71N/AN/A19056440
2024-02-28$18.80$20.00153.1%43.9%78.0%30.4%153.3%18.5%-40.4%3.3K-367.8K-3.6K0.0092.74N/AN/A12058140
2024-02-29$18.40$20.00183.3%52.6%75.4%39.4%187.7%35.7%-62.2%3.2K-267.5K-3.2K0.2879.52N/AN/A17558340