BIRD Options History — May 2024

In May 2024, BIRD traded between $11.20 and $15.40. ATM implied volatility averaged 146.5%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 33.0%. IV traded above realized volatility by 38.8% (HV 20d: 107.7%). Max pain ranged from $10.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.18.

Notable Days

  • 2024-05-10: Highest Volume — 79 contracts
  • 2024-05-13: Largest IV spike — 129.8% change
  • 2024-05-14: Highest IV Rank — 46.3%
  • 2024-05-01: Largest Expected Move — 79.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.93$11.20$15.40$11.20$11.80
Max Pain$15.45$10.00$50.00$50.00$10.00
ATM IV146.5%85.5%305.4%276.7%85.5%
Expected Move33.0%17.3%79.3%79.3%24.5%
HV 20d107.7%94.5%119.4%94.5%102.9%
HV 60d94.6%86.5%99.6%86.5%99.6%
IV Rank16.3%3.6%46.3%42.4%3.6%
IV Percentile39.5%3.2%96.4%93.3%3.2%
Term Structure-27.2%-179.3%177.9%-179.3%-44.5%
VWIV123.9%56.9%229.3%56.9%115.7%
Skew 25d15.1%-59.1%83.9%83.9%-59.1%
Skew 10d3.0%-50.3%68.5%68.5%-43.0%
Call IV 25d90.0%58.9%142.7%74.9%142.7%
Put IV 25d105.1%62.5%158.8%158.8%83.6%
Bid-Ask Spread %80.2161.25107.1883.0475.57
Gamma HHI0.430.400.490.480.44
Net GEX2.6K1.8K3.7K1.9K1.9K
Net DEX-216.5K-310.1K-103.2K-205.1K-160.6K
Net VEX-2.2K-2.7K-1.5K-2.1K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.000.980.020.00
Total Volume12.182079100
Total OI858.773810895810884

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$11.20$50.00276.7%79.3%94.5%42.4%0.0%83.9%-179.3%1.9K-205.1K-2.1K0.0283.04N/AN/A10073575
2024-05-02$12.20$50.00107.5%30.8%99.4%10.6%0.0%-4.5%-120.2%1.8K-149.2K-1.8K0.0099.37N/AN/A3074469
2024-05-03$12.20$50.00168.7%48.4%97.7%22.1%0.0%-7.6%-82.1%1.9K-165.4K-2.0K0.19100.69N/AN/A8274769
2024-05-06$12.40$10.00150.3%28.6%97.9%18.6%0.0%53.1%29.1%2.1K-198.4K-2.1K0.3182.18N/AN/A8375171
2024-05-07$13.60$10.00171.1%17.3%103.4%22.6%56.9%59.1%48.7%2.4K-177.6K-2.0K0.0169.86N/AN/A26075773
2024-05-08$12.80$10.00111.8%30.0%105.2%11.4%135.5%50.5%-19.6%2.5K-203.8K-2.2K0.0175.80N/AN/A5074874
2024-05-09$11.80$10.00176.3%21.4%109.2%23.5%89.3%48.5%-4.6%1.8K-103.2K-1.5K0.0069.91N/AN/A17075274
2024-05-10$11.40$10.00117.7%24.7%109.3%12.5%0.0%44.3%-10.9%1.8K-112.9K-1.5K0.0573.29N/AN/A75474868
2024-05-13$13.60$10.00270.4%24.8%119.4%39.5%93.3%37.0%33.7%3.0K-245.6K-2.3K0.9676.66N/AN/A101082372
2024-05-14$14.40$10.00305.4%28.0%113.6%46.3%121.5%38.9%-5.8%3.6K-310.1K-2.7K0.0192.07N/AN/A27082867
2024-05-15$14.20$10.00101.5%29.1%112.8%6.7%116.7%34.7%26.4%3.3K-259.3K-2.6K0.7589.11N/AN/A141181567
2024-05-16$15.40$10.00112.3%32.2%114.3%8.8%130.1%48.1%177.9%3.7K-298.2K-2.5K0.0075.41N/AN/A3080478
2024-05-17$14.60$10.00119.7%34.3%116.0%10.2%146.0%-8.3%-11.7%3.5K-302.0K-2.6K0.0374.75N/AN/A3080478
2024-05-20$14.40$10.00106.5%30.5%113.2%7.7%92.2%3.4%12.4%3.3K-293.3K-2.5K0.0682.25N/AN/A12180165
2024-05-21$14.00$10.00113.6%32.6%110.7%9.0%177.0%21.8%-53.2%3.1K-245.5K-2.4K0.0479.88N/AN/A3081065
2024-05-22$13.60$10.0098.6%28.3%104.2%6.2%106.8%-3.0%-20.8%3.0K-249.6K-2.4K0.0465.50N/AN/A7080965
2024-05-23$12.40$10.00138.1%39.6%109.5%13.8%229.3%-32.2%-97.0%2.5K-265.6K-2.4K0.43107.18N/AN/A0081465
2024-05-24$12.60$10.00137.9%39.5%109.5%13.8%0.0%-30.6%-94.2%2.4K-162.5K-1.8K0.0068.27N/AN/A0081465
2024-05-28$12.40$10.00101.7%29.2%109.0%6.8%115.7%-10.2%-40.4%2.7K-298.3K-2.5K0.9887.13N/AN/A2281365
2024-05-29$11.60$10.00110.8%31.8%110.2%8.5%0.0%-50.7%-28.0%2.2K-176.1K-1.9K0.1361.25N/AN/A0081568
2024-05-30$11.80$10.00139.8%40.1%107.5%14.1%0.0%-59.1%-113.4%2.2K-180.1K-1.9K0.0075.52N/AN/A2081668
2024-05-31$11.80$10.0085.5%24.5%102.9%3.6%0.0%0.0%-44.5%1.9K-160.6K-1.8K0.0075.57N/AN/A0081767