BOX Options History — April 2018

In April 2018, BOX traded between $20.14 and $22.93. ATM implied volatility averaged 41.7%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded below realized volatility by 4.5% (HV 20d: 46.2%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.92.

Notable Days

  • 2018-04-23: Highest Volume — 40,841 contracts
  • 2018-04-23: Largest IV spike — 23.2% change
  • 2018-04-02: Highest IV Rank — 56.2%
  • 2018-04-02: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.23$20.14$22.93$20.27$22.90
Max Pain$21.24$21.00$22.00$21.00$22.00
ATM IV41.7%37.1%47.7%47.7%38.0%
Expected Move11.9%10.6%13.7%13.7%10.9%
HV 20d46.2%40.7%48.9%48.9%45.3%
HV 60d68.7%67.3%71.2%68.6%71.2%
IV Rank39.7%27.4%56.2%56.2%29.1%
IV Percentile74.3%61.5%90.5%90.5%61.5%
Term Structure4.2%-2.6%7.0%-2.6%7.0%
VWIV40.8%36.0%47.6%43.8%38.3%
Skew 25d1.6%-3.5%3.7%1.7%0.4%
Skew 10d3.0%-11.0%15.7%4.7%2.8%
Call IV 25d41.9%36.0%50.6%49.5%38.9%
Put IV 25d43.5%38.3%51.2%51.2%39.3%
Bid-Ask Spread %17.809.3323.8220.5510.30
Gamma HHI0.170.130.330.130.16
Net GEX534.1K150.7K1.2M256.8K1.2M
Net DEX-14.9M-38.1M-3.3M-6.3M-38.1M
Net VEX-203.8K-309.7K-158.8K-193.9K-308.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.351.820.820.56
Total Volume6,678.0952,46840,8412,9387,112
Total OI59,266.95235,37172,98057,46272,980

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$20.27$21.0047.7%13.7%48.9%56.2%43.8%1.7%-2.6%256.8K-6.3M-193.9K0.8220.55N/AN/A1,6141,32433,94023,522
2018-04-03$20.29$21.0045.5%13.0%48.9%50.7%47.6%2.6%-0.0%199.3K-4.9M-188.3K0.7917.91N/AN/A1,6631,31833,96723,521
2018-04-04$20.65$21.0043.9%12.6%47.9%46.4%45.7%3.2%-0.7%319.6K-8.6M-190.3K0.8818.38N/AN/A1,5581,37733,89523,479
2018-04-05$20.81$21.0042.7%12.0%46.6%43.4%39.2%2.2%3.7%403.1K-10.4M-190.4K1.0219.64N/AN/A1,3631,39434,20523,580
2018-04-06$20.14$21.0045.2%12.6%46.8%49.9%41.7%2.3%3.7%153.6K-3.5M-181.9K0.9623.20N/AN/A1,4421,38234,35223,583
2018-04-09$20.14$21.0046.5%12.6%46.6%53.3%43.8%1.1%2.2%150.7K-3.3M-177.3K0.9021.48N/AN/A1,6021,44634,46423,606
2018-04-10$20.32$21.0044.0%12.2%46.7%46.9%42.4%3.7%4.8%227.4K-5.0M-175.9K0.5018.99N/AN/A2,7601,38834,62723,651
2018-04-11$20.44$21.0042.1%12.1%46.3%40.5%40.3%1.6%4.2%358.3K-7.0M-174.8K0.9417.26N/AN/A1,4351,34334,77523,605
2018-04-12$20.93$21.0040.4%11.6%46.7%36.1%39.0%2.2%5.2%437.4K-10.8M-174.4K1.2818.37N/AN/A1,1641,49534,09323,656
2018-04-13$20.75$21.0040.1%11.5%46.4%35.2%39.1%2.1%4.2%425.8K-8.9M-170.4K1.4318.66N/AN/A1,0481,49534,00923,597
2018-04-16$21.01$21.0039.3%11.3%46.4%33.1%37.0%2.5%4.1%584.8K-11.8M-167.6K1.8214.87N/AN/A1,0992,00033,96223,511
2018-04-17$21.31$21.0037.1%10.6%46.1%27.4%36.0%2.6%5.4%699.6K-14.9M-168.0K1.0217.27N/AN/A1,5571,58233,87823,720
2018-04-18$21.34$21.0037.1%10.6%44.4%27.4%36.1%2.2%5.0%783.7K-15.4M-166.3K1.4719.11N/AN/A9991,46933,97423,720
2018-04-19$21.34$21.0037.2%10.7%40.7%27.6%37.4%2.0%5.5%981.8K-15.9M-163.3K1.6019.86N/AN/A1,0441,66734,00123,561
2018-04-20$20.67$21.0037.6%10.8%41.8%28.7%37.2%2.3%5.5%232.7K-7.7M-158.8K1.1015.63N/AN/A1,5221,67433,99023,672
2018-04-23$22.93$21.0046.4%13.3%47.1%51.7%46.8%-3.5%4.9%343.3K-20.5M-170.8K0.3923.82N/AN/A29,32211,51921,76213,609
2018-04-24$22.29$22.0041.9%12.0%48.1%39.9%41.7%-0.8%6.2%775.2K-26.9M-256.8K0.3516.92N/AN/A17,0375,98838,82221,158
2018-04-25$22.01$22.0041.9%12.0%45.7%39.5%42.5%0.6%5.9%744.0K-24.8M-286.0K0.5217.45N/AN/A6,3153,26143,07624,070
2018-04-26$22.63$22.0041.5%11.9%46.0%38.3%42.0%1.1%6.7%959.0K-33.9M-305.9K0.479.33N/AN/A6,9143,21745,45725,235
2018-04-27$22.62$22.0039.5%11.3%45.8%33.1%39.7%0.9%6.2%1.0M-33.9M-309.7K0.5114.69N/AN/A3,5321,79946,55525,766
2018-04-30$22.90$22.0038.0%10.9%45.3%29.1%38.3%0.4%7.0%1.2M-38.1M-308.0K0.5610.30N/AN/A4,5622,55047,07225,908