BIRD Options History — April 2024

In April 2024, BIRD traded between $10.80 and $14.00. ATM implied volatility averaged 223.3%, placing in the 32.4% IV rank vs the trailing year. The 30-day expected move averaged 69.2%. IV traded above realized volatility by 132.0% (HV 20d: 91.3%). Max pain ranged from $20.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 1.08.

Notable Days

  • 2024-04-12: Highest Volume — 27 contracts
  • 2024-04-25: Largest IV spike — 62.6% change
  • 2024-04-25: Highest IV Rank — 53.2%
  • 2024-04-25: Largest Expected Move — 95.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.43$10.80$14.00$13.00$12.00
Max Pain$45.91$20.00$50.00$20.00$50.00
ATM IV223.3%114.8%334.0%136.9%328.3%
Expected Move69.2%32.9%95.8%39.3%94.1%
HV 20d91.3%68.3%101.2%99.5%91.5%
HV 60d82.6%77.6%88.6%82.1%87.4%
IV Rank32.4%12.0%53.2%16.1%52.1%
IV Percentile77.1%28.6%98.8%48.4%98.0%
Term Structure-94.9%-214.6%25.0%-22.9%-168.3%
VWIV173.5%120.1%232.7%165.7%232.7%
Skew 25d4.7%-34.1%37.1%32.8%-18.9%
Skew 10d2.6%-59.8%30.5%26.2%2.4%
Call IV 25d99.1%69.5%142.6%81.1%107.8%
Put IV 25d103.7%53.9%134.7%113.9%88.9%
Bid-Ask Spread %86.4955.1195.8175.4684.02
Gamma HHI0.440.390.490.410.46
Net GEX1.9K1.2K2.7K2.4K1.7K
Net DEX-142.6K-198.6K-77.5K-120.7K-130.6K
Net VEX-2.0K-2.4K-1.5K-2.1K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.0020.670.190.08
Total Volume8.54512742
Total OI831.864790896813808

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$13.00$20.00136.9%39.3%99.5%16.1%165.7%32.8%-22.9%2.4K-120.7K-2.1K0.1975.46N/AN/A3173479
2024-04-02$12.80$20.00114.8%32.9%99.4%12.0%120.1%-6.4%25.0%2.4K-158.3K-2.2K0.2576.83N/AN/A10373779
2024-04-03$12.80$20.00145.5%41.7%99.4%17.7%175.6%-19.3%-31.3%2.4K-136.1K-2.1K0.2772.41N/AN/A1073882
2024-04-04$12.40$50.00128.7%43.5%99.5%14.6%0.0%-25.9%-61.2%2.0K-149.4K-2.1K0.1088.16N/AN/A2073871
2024-04-05$13.00$50.00122.8%74.9%101.2%13.5%0.0%2.2%-91.3%2.1K-113.0K-1.8K0.1195.44N/AN/A4174071
2024-04-08$12.80$50.00142.8%72.4%101.1%17.2%0.0%-14.3%-72.7%1.9K-169.6K-2.3K0.0195.81N/AN/A8074472
2024-04-09$12.80$50.00149.8%78.6%100.0%18.5%0.0%9.8%-51.3%2.0K-136.9K-2.0K0.8295.44N/AN/A8775071
2024-04-10$12.40$50.00192.9%55.3%90.2%26.7%0.0%32.2%-33.5%1.9K-174.6K-2.2K0.1983.59N/AN/A3175677
2024-04-11$12.40$50.00281.5%80.7%68.3%43.3%0.0%-17.1%-70.9%1.8K-175.6K-2.4K0.0095.44N/AN/A21075978
2024-04-12$12.00$50.00285.3%81.8%68.7%44.0%0.0%-9.9%-104.2%1.2K-77.5K-1.5K0.1495.44N/AN/A24377878
2024-04-15$10.80$50.00297.2%85.2%75.8%46.3%0.0%-10.6%-53.8%1.6K-95.4K-1.6K0.1294.81N/AN/A10179780
2024-04-16$12.20$50.00302.8%86.8%89.8%47.3%0.0%12.3%-107.7%1.6K-97.1K-1.6K0.0791.13N/AN/A2080080
2024-04-17$11.80$50.00232.7%66.7%89.4%34.2%232.7%30.0%-214.6%1.6K-129.8K-1.8K0.0090.73N/AN/A7081380
2024-04-18$11.40$50.00273.3%78.4%88.8%41.8%0.0%5.2%-166.0%1.4K-109.0K-1.7K0.1186.76N/AN/A3081680
2024-04-19$12.00$50.00256.8%73.6%88.4%38.7%0.0%25.2%-120.9%1.6K-134.1K-1.8K0.0386.76N/AN/A22181680
2024-04-22$13.00$50.00218.0%62.5%91.0%31.4%0.0%37.1%-103.4%2.3K-168.1K-2.2K0.0287.39N/AN/A24071575
2024-04-23$14.00$50.00189.4%54.3%90.7%26.0%0.0%0.0%-121.8%2.7K-198.6K-2.4K0.2983.50N/AN/A1072676
2024-04-24$12.60$50.00205.5%58.9%98.1%29.0%0.0%29.6%-70.8%2.2K-147.3K-1.9K0.0089.06N/AN/A5072876
2024-04-25$12.40$50.00334.0%95.8%95.5%53.2%0.0%28.6%-140.6%1.9K-174.9K-2.1K20.6794.41N/AN/A0373376
2024-04-26$12.20$50.00275.1%78.9%92.7%42.1%0.0%10.0%-145.6%1.9K-161.2K-2.0K0.0085.12N/AN/A4073375
2024-04-29$12.60$50.00298.9%85.7%90.1%46.6%0.0%-34.1%-159.5%2.0K-179.3K-2.1K0.3255.11N/AN/A2173175
2024-04-30$12.00$50.00328.3%94.1%91.5%52.1%0.0%-18.9%-168.3%1.7K-130.6K-1.7K0.0884.02N/AN/A2073375