BOX Options History — February 2012

In February 2012, BOX traded between $15.50 and $16.96. ATM implied volatility averaged 28.9%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 8.9% (HV 20d: 20.0%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.16.

Notable Days

  • 2012-02-24: Highest Volume — 41 contracts
  • 2012-02-02: Largest IV spike — 51.2% change
  • 2012-02-03: Highest IV Rank — 23.4%
  • 2012-02-02: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.39$15.50$16.96$15.50$16.34
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV28.9%19.5%47.4%29.9%19.5%
Expected Move7.8%5.6%13.0%8.6%5.6%
HV 20d20.0%17.2%21.6%17.2%21.0%
HV 60d29.0%26.2%31.7%31.7%26.2%
IV Rank7.3%0.0%23.4%8.0%0.0%
IV Percentile13.0%0.0%72.0%7.4%0.0%
Term Structure3.7%-11.0%18.7%2.2%4.6%
Skew 25d2.7%-6.0%39.6%8.7%-2.4%
Skew 10d8.0%-3.7%29.9%17.3%2.3%
Call IV 25d24.5%18.3%30.6%23.1%22.5%
Put IV 25d27.2%20.1%59.8%31.8%20.1%
Bid-Ask Spread %84.1930.22145.4039.18117.22
Gamma HHI0.930.891.000.890.93
Net GEX19.7K13.6K38.2K13.6K26.1K
Net DEX-296.1K-449.8K-195.8K-195.8K-281.0K
Net VEX-1.5K-1.6K-1.2K-1.2K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.004.004.000.00
Total Volume6041020
Total OI534.4482566540523

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-02-01$15.50$15.0029.9%8.6%17.2%8.0%0.0%8.7%2.2%13.6K-195.8K-1.2K0.0039.18N/AN/A0050733
2012-02-02$15.79$15.0045.2%13.0%18.2%21.4%0.0%39.6%-3.0%15.0K-231.7K-1.3K0.00107.01N/AN/A0050733
2012-02-03$16.24$0.0047.4%7.3%20.1%23.4%0.0%5.5%10.9%17.0K-299.4K-1.5K4.00145.40N/AN/A52050733
2012-02-06$16.05$0.0035.2%8.8%20.1%12.7%0.0%9.5%1.4%18.0K-254.8K-1.4K0.0076.30N/AN/A01051233
2012-02-07$16.03$0.0030.1%8.0%19.5%8.3%0.0%10.2%8.2%16.6K-252.3K-1.4K0.0065.98N/AN/A0051243
2012-02-08$16.40$0.0030.6%8.1%20.5%8.7%0.0%1.1%-1.1%18.4K-287.2K-1.5K0.0067.33N/AN/A0051243
2012-02-09$16.23$0.0026.1%7.5%21.1%4.7%0.0%-1.2%-6.1%16.8K-289.0K-1.5K0.00137.16N/AN/A0051243
2012-02-10$16.09$0.0028.9%8.3%21.6%7.2%0.0%-3.2%-3.3%17.9K-272.5K-1.4K0.0080.55N/AN/A5051243
2012-02-13$16.30$0.0023.6%6.8%21.2%2.6%0.0%0.6%9.3%17.5K-294.9K-1.5K0.0078.54N/AN/A0051743
2012-02-14$16.53$0.0024.2%6.9%21.3%3.1%0.0%2.0%7.8%18.5K-328.4K-1.5K1.00118.90N/AN/A1151743
2012-02-15$16.78$0.0030.1%8.6%20.1%8.3%0.0%-4.3%-0.5%20.9K-367.3K-1.6K0.0059.92N/AN/A2051643
2012-02-16$16.93$0.0031.3%9.0%20.1%9.2%0.0%-2.9%-0.9%21.4K-387.2K-1.6K0.0058.60N/AN/A15051843
2012-02-17$16.96$0.0030.3%8.7%18.6%8.4%0.0%-3.6%0.3%21.7K-385.4K-1.6K0.0062.11N/AN/A0052343
2012-02-21$16.76$0.0024.5%7.0%19.6%3.3%0.0%-5.9%-11.0%38.2K-449.8K-1.6K0.00119.10N/AN/A0046121
2012-02-22$16.48$0.0024.6%7.1%19.7%3.4%0.0%-6.0%3.5%19.0K-269.1K-1.5K0.0063.27N/AN/A0046121
2012-02-23$16.68$0.0030.1%8.6%19.6%8.3%0.0%1.8%15.7%17.1K-254.8K-1.5K0.0068.28N/AN/A0046121
2012-02-24$16.67$0.0023.2%6.6%19.7%2.2%0.0%5.2%14.6%19.6K-272.3K-1.5K3.1067.86N/AN/A103146121
2012-02-27$16.63$0.0019.9%5.7%19.8%0.0%0.0%4.9%18.7%19.3K-239.9K-1.6K0.0030.22N/AN/A0047152
2012-02-28$16.38$0.0022.8%6.5%21.0%2.5%0.0%-5.0%2.3%21.4K-309.3K-1.6K0.00120.83N/AN/A0047152
2012-02-29$16.34$0.0019.5%5.6%21.0%0.0%0.0%-2.4%4.6%26.1K-281.0K-1.5K0.00117.22N/AN/A20047152