BIRD Options History — March 2024

In March 2024, BIRD traded between $12.40 and $18.40. ATM implied volatility averaged 176.6%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 35.6%. IV traded above realized volatility by 96.5% (HV 20d: 80.0%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.04.

Notable Days

  • 2024-03-12: Highest Volume — 328 contracts
  • 2024-03-13: Largest IV drop — 88.5% change
  • 2024-03-12: Highest IV Rank — 100.0%
  • 2024-03-01: Largest Expected Move — 74.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.49$12.40$18.40$18.20$14.00
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV176.6%66.9%582.6%258.5%134.8%
Expected Move35.6%19.2%74.1%74.1%38.7%
HV 20d80.0%62.4%97.2%75.5%97.2%
HV 60d81.4%77.1%86.0%79.1%81.0%
IV Rank30.9%2.9%100.0%61.9%15.7%
IV Percentile49.2%0.4%100.0%95.2%48.0%
Term Structure22.1%-124.8%262.8%-124.8%-31.2%
VWIV127.5%74.6%256.9%256.9%138.6%
Skew 25d-7.1%-48.4%41.8%-48.4%12.1%
Skew 10d-14.9%-126.1%47.4%35.1%-24.8%
Call IV 25d108.1%73.2%183.2%151.8%102.6%
Put IV 25d101.0%55.3%142.1%103.4%114.8%
Bid-Ask Spread %88.1972.89108.19101.4178.89
Gamma HHI0.450.390.550.550.39
Net GEX3.0K1.8K4.4K3.0K2.8K
Net DEX-218.4K-391.9K-105.7K-242.1K-145.8K
Net VEX-2.7K-3.4K-1.9K-3.0K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.009.000.000.06
Total Volume32.52328116
Total OI773.36391,065639809

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$18.20$20.00258.5%74.1%75.5%61.9%256.9%-48.4%-124.8%3.0K-242.1K-3.0K0.00101.41N/AN/A11059445
2024-03-04$18.20$20.00220.7%34.2%71.7%50.6%119.4%38.4%-1.0%3.3K-391.9K-3.3K0.0188.69N/AN/A4060545
2024-03-05$17.60$20.00234.2%32.3%65.0%54.6%102.9%21.7%-3.6%3.4K-269.1K-3.0K0.03108.19N/AN/A2060645
2024-03-06$17.40$20.00218.0%40.5%63.7%49.8%141.3%3.1%-16.5%3.3K-356.4K-3.2K5.0394.28N/AN/A21060745
2024-03-07$17.80$20.00169.2%46.1%63.6%35.2%157.2%40.6%-43.5%3.4K-362.0K-3.3K0.0297.67N/AN/A5060755
2024-03-08$17.60$20.00228.5%36.3%62.4%52.9%126.8%41.8%-10.0%3.3K-225.6K-2.9K0.02100.69N/AN/A31161153
2024-03-11$16.60$20.00360.7%44.0%65.3%92.4%153.4%31.3%-41.5%2.8K-193.0K-2.7K0.1583.28N/AN/A49864253
2024-03-12$18.40$20.00582.6%44.3%69.7%100.0%154.4%-41.1%-5.1%4.4K-356.3K-3.4K0.0983.49N/AN/A3022669161
2024-03-13$15.40$20.0066.9%19.2%89.4%2.9%81.0%-7.5%62.3%3.4K-212.8K-2.8K0.33104.19N/AN/A491697788
2024-03-14$15.20$20.0080.8%23.2%87.2%5.6%74.6%-12.2%0.0%3.4K-224.8K-2.8K1.9196.10N/AN/A2398676
2024-03-15$14.60$20.00119.7%34.3%86.8%12.9%93.6%-29.1%0.0%3.0K-175.6K-2.5K1.9191.44N/AN/A81598773
2024-03-18$14.20$20.0092.7%26.6%85.3%7.8%117.1%-18.4%262.8%2.1K-163.6K-2.4K0.2286.31N/AN/A11267957
2024-03-19$13.60$20.0097.0%27.8%85.4%8.6%105.0%-36.4%154.2%2.6K-171.6K-2.4K0.0079.44N/AN/A3068857
2024-03-20$14.00$20.00115.4%33.1%85.1%12.1%0.0%-38.0%0.0%2.8K-182.7K-2.4K1.0774.53N/AN/A4469057
2024-03-21$14.80$20.00128.7%36.9%87.4%14.6%137.1%-4.8%75.7%3.2K-190.6K-2.6K0.0277.18N/AN/A7069361
2024-03-22$13.80$20.00122.3%35.1%88.3%13.4%81.5%-34.8%0.0%2.7K-161.6K-2.2K0.2275.58N/AN/A5169961
2024-03-25$12.80$20.0094.6%27.1%89.7%8.2%117.0%-23.0%0.0%2.1K-105.7K-1.9K0.0283.16N/AN/A35170362
2024-03-26$12.40$20.0087.7%25.1%88.5%6.9%0.0%-44.3%26.6%1.8K-116.1K-1.9K9.0086.37N/AN/A22172863
2024-03-27$13.20$20.00118.5%34.0%93.4%12.6%138.1%7.7%26.5%2.4K-119.7K-2.1K0.7072.89N/AN/A2272978
2024-03-28$14.00$20.00134.8%38.7%97.2%15.7%138.6%12.1%-31.2%2.8K-145.8K-2.4K0.0678.89N/AN/A6072980