BOX Options History — September 2011

In September 2011, BOX traded between $10.75 and $12.82. ATM implied volatility averaged 57.6%. The 30-day expected move averaged 15.0%. IV traded below realized volatility by 6.3% (HV 20d: 63.8%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 4 of 18 trading days. Term structure was in contango for 8 of 18 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-09-15: Highest Volume — 250 contracts
  • 2011-09-21: Largest IV spike — 112.1% change
  • 2011-09-21: Largest Expected Move — 38.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.78$10.75$12.82$12.82$12.13
Max Pain$12.65$12.50$15.00$15.00$12.50
ATM IV57.6%34.9%134.9%51.7%34.9%
Expected Move15.0%10.0%38.7%14.8%10.0%
HV 20d63.8%54.2%83.2%79.5%58.6%
HV 60d56.5%55.5%58.6%55.8%58.5%
Term Structure1.0%-42.0%54.2%-14.3%22.7%
VWIV57.3%57.3%57.3%57.3%57.3%
Skew 25d1.0%-11.3%24.8%-3.8%15.2%
Skew 10d14.2%-22.4%44.3%15.5%19.5%
Call IV 25d49.5%34.7%112.2%43.6%34.7%
Put IV 25d50.5%37.8%104.2%39.8%49.9%
Bid-Ask Spread %123.7595.11200.0095.11118.55
Gamma HHI0.540.340.810.810.41
Net GEX-716-5.1K457-5.1K457
Net DEX305.7K5.9K580.5K575.1K5.9K
Net VEX-118-2410-241-53
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume15.389025070
Total OI388.056114611604136

Daily Data (18 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-09-01$12.82$15.0051.7%14.8%79.5%0.0%0.0%0.0%-14.3%-5.1K575.1K-2410.0095.11N/AN/A07116488
2011-09-06$12.20$12.5048.8%16.5%80.5%0.0%57.3%-3.8%-2.5%-2.2K565.6K-2040.0099.96N/AN/A07116495
2011-09-07$12.53$12.5054.9%14.5%81.5%0.0%0.0%24.8%-2.1%-3.1K580.5K-1940.00118.75N/AN/A00116495
2011-09-08$11.97$12.5053.7%12.8%82.1%0.0%0.0%-0.8%0.6%-639562.9K-1570.00113.01N/AN/A07116495
2011-09-09$11.42$12.5065.6%11.6%83.2%0.0%0.0%0.5%8.7%-684544.1K-1050.00122.09N/AN/A00116492
2011-09-12$11.46$12.5065.8%11.8%64.0%0.0%0.0%3.3%12.8%-302547.5K-980.00112.29N/AN/A00116492
2011-09-13$12.18$12.5059.3%14.3%61.2%0.0%0.0%-1.3%-0.0%-43573.4K-1400.00107.22N/AN/A00116492
2011-09-14$12.07$12.5082.0%14.4%58.5%0.0%0.0%-0.9%0.1%-784565.8K-1450.00115.87N/AN/A00116492
2011-09-15$12.08$12.5050.1%14.4%55.1%0.0%0.0%-1.8%-0.6%1571.1K-1220.00110.14N/AN/A0250116492
2011-09-16$11.69$12.5045.7%13.1%54.3%0.0%0.0%-5.1%2.5%-68264.1K-1050.00109.92N/AN/A00116242
2011-09-19$11.65$0.0050.2%14.4%54.2%0.0%0.0%0.0%-11.4%-19.3K00.00200.00N/AN/A001068
2011-09-20$11.05$12.5063.6%18.2%56.6%0.0%0.0%-3.8%-42.0%-20425.2K-810.00116.37N/AN/A0011535
2011-09-21$10.75$12.50134.9%38.7%54.6%0.0%0.0%-8.1%-30.9%3689.5K-1560.00170.31N/AN/A0011535
2011-09-22$11.08$12.5042.6%12.2%54.7%0.0%0.0%-11.3%54.2%-10425.6K-700.00173.73N/AN/A0011535
2011-09-23$11.50$12.5047.5%13.6%55.2%0.0%0.0%7.3%-2.7%-22927.5K-720.00103.73N/AN/A0011535
2011-09-26$11.35$12.5046.3%13.3%54.9%0.0%0.0%1.1%-4.5%-23128.4K-680.00121.53N/AN/A0011535
2011-09-29$12.10$12.5038.4%11.0%59.9%0.0%0.0%15.2%26.8%3320.1K-1080.00118.94N/AN/A6011535
2011-09-30$12.13$12.5034.9%10.0%58.6%0.0%0.0%0.0%22.7%4575.9K-530.00118.55N/AN/A0012115