BOX Options History — May 2018

In May 2018, BOX traded between $23.19 and $28.61. ATM implied volatility averaged 52.3%, placing in the 65.4% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 6.6% (HV 20d: 45.8%). Max pain ranged from $22.00 to $26.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.56.

Notable Days

2018-05-10: Highest Volume — 40,411 contracts
2018-05-31: Largest IV drop — 40.4% change
2018-05-30: Highest IV Rank — 100.0%
2018-05-30: Largest Expected Move — 20.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.63	$23.19	$28.61	$23.19	$25.77
Max Pain	$24.23	$22.00	$26.00	$22.00	$26.00
ATM IV	52.3%	39.2%	70.8%	39.9%	42.2%
Expected Move	15.3%	11.4%	20.3%	11.4%	12.1%
HV 20d	45.8%	38.2%	53.5%	45.3%	47.9%
HV 60d	66.6%	43.9%	72.3%	71.1%	46.3%
IV Rank	65.4%	31.6%	100.0%	34.2%	33.1%
IV Percentile	88.3%	61.9%	100.0%	64.3%	70.2%
Term Structure	-7.4%	-20.0%	6.2%	6.2%	-2.9%
VWIV	53.8%	39.5%	73.1%	39.9%	43.0%
Skew 25d	0.2%	-2.3%	2.5%	2.5%	0.7%
Skew 10d	-0.1%	-6.2%	4.3%	4.3%	-2.4%
Call IV 25d	53.9%	38.3%	71.8%	38.3%	43.5%
Put IV 25d	54.1%	39.9%	74.0%	40.8%	44.2%
Bid-Ask Spread %	14.02	7.61	21.24	13.51	7.61
Gamma HHI	0.17	0.13	0.21	0.16	0.17
Net GEX	1.9M	828.3K	3.9M	1.2M	828.3K
Net DEX	-87.1M	-135.5M	-41.3M	-41.8M	-41.3M
Net VEX	-394.4K	-450.8K	-310.8K	-311.4K	-437.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.22	1.12	0.59	0.68
Total Volume	16,126.091	5,095	40,411	5,276	39,504
Total OI	102,475.182	73,503	131,062	73,503	131,062

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-05-01	$23.19	$22.00	39.9%	11.4%	45.3%	34.2%	39.9%	2.5%	6.2%	1.2M	-41.8M	-311.4K	0.59	13.51	N/A	N/A	3,320	1,956	47,217	26,286
2018-05-02	$23.66	$22.00	39.6%	11.4%	45.4%	33.0%	39.5%	-0.4%	5.6%	1.3M	-49.9M	-310.8K	0.40	11.95	N/A	N/A	7,707	3,049	47,758	26,250
2018-05-03	$24.39	$22.00	39.2%	13.9%	46.2%	31.6%	48.7%	2.4%	-5.0%	1.4M	-59.6M	-318.3K	0.78	16.01	N/A	N/A	7,521	5,853	48,481	26,678
2018-05-04	$24.28	$22.00	39.3%	13.4%	43.9%	31.7%	47.2%	1.6%	-4.9%	1.5M	-59.0M	-331.5K	0.79	16.48	N/A	N/A	6,897	5,458	50,199	29,283
2018-05-07	$25.45	$22.00	42.4%	13.4%	45.7%	39.1%	47.6%	1.4%	-4.9%	1.5M	-74.9M	-318.0K	0.22	14.15	N/A	N/A	12,880	2,830	50,013	29,571
2018-05-08	$26.54	$22.00	45.5%	14.1%	46.9%	47.6%	49.1%	0.2%	-6.4%	1.5M	-90.3M	-322.5K	0.34	11.41	N/A	N/A	13,994	4,739	52,900	30,430
2018-05-09	$27.07	$22.00	53.9%	15.4%	46.9%	70.4%	54.2%	-0.2%	-7.5%	1.8M	-99.2M	-340.3K	0.25	14.67	N/A	N/A	26,387	6,669	56,899	31,137
2018-05-10	$28.61	$23.00	53.2%	15.3%	49.1%	68.7%	53.8%	-0.4%	-6.8%	2.1M	-127.4M	-370.6K	0.29	10.64	N/A	N/A	31,289	9,122	65,088	33,520
2018-05-11	$27.33	$24.00	54.2%	15.5%	53.1%	71.2%	54.8%	-0.8%	-6.7%	2.8M	-105.8M	-401.1K	0.37	12.56	N/A	N/A	18,072	6,707	72,342	38,909
2018-05-14	$27.22	$25.00	55.3%	15.9%	53.5%	74.3%	55.6%	-1.2%	-7.1%	3.2M	-107.7M	-424.8K	0.40	15.02	N/A	N/A	9,826	3,882	80,301	41,771
2018-05-15	$27.42	$25.00	57.0%	16.3%	53.5%	78.9%	57.1%	1.1%	-8.4%	3.4M	-113.6M	-434.5K	0.86	15.46	N/A	N/A	5,328	4,565	82,476	43,073
2018-05-16	$27.68	$25.00	55.6%	16.0%	53.4%	75.3%	55.8%	-0.1%	-8.2%	3.6M	-120.5M	-432.3K	0.39	11.28	N/A	N/A	7,799	3,067	83,079	43,949
2018-05-17	$27.64	$25.00	54.6%	15.7%	53.4%	72.4%	55.0%	0.4%	-7.4%	3.9M	-119.0M	-427.5K	0.64	14.08	N/A	N/A	5,037	3,217	83,214	44,232
2018-05-18	$28.11	$25.00	56.4%	16.2%	50.7%	77.3%	56.2%	0.1%	-9.3%	1.6M	-135.5M	-429.7K	0.37	15.31	N/A	N/A	7,393	2,764	83,391	45,078
2018-05-21	$27.88	$25.00	56.5%	16.2%	39.1%	77.7%	56.5%	-1.5%	-9.6%	1.7M	-88.3M	-420.3K	0.74	17.12	N/A	N/A	6,411	4,773	62,275	34,924
2018-05-22	$27.00	$26.00	57.0%	16.4%	39.6%	79.1%	58.1%	-2.3%	-10.9%	1.4M	-73.5M	-427.9K	0.37	15.38	N/A	N/A	7,535	2,809	63,431	36,867
2018-05-23	$27.28	$26.00	56.8%	16.3%	38.7%	78.5%	57.1%	-0.4%	-10.2%	1.6M	-79.3M	-437.2K	0.51	15.99	N/A	N/A	5,637	2,885	65,982	37,689
2018-05-24	$27.25	$26.00	58.6%	16.8%	38.4%	83.3%	58.3%	-0.6%	-11.5%	1.6M	-80.8M	-445.1K	0.81	13.53	N/A	N/A	2,811	2,284	67,278	38,311
2018-05-25	$27.37	$26.00	58.3%	16.7%	38.2%	82.5%	57.9%	1.0%	-12.6%	1.7M	-82.2M	-450.8K	1.12	14.04	N/A	N/A	4,006	4,475	67,653	38,583
2018-05-29	$27.14	$26.00	64.3%	18.4%	38.8%	98.7%	64.4%	-1.2%	-15.0%	1.7M	-78.5M	-438.6K	0.79	10.99	N/A	N/A	3,821	3,023	68,782	38,888
2018-05-30	$27.67	$26.00	70.8%	20.3%	38.9%	100.0%	73.1%	2.2%	-20.0%	1.7M	-87.5M	-445.2K	0.59	21.24	N/A	N/A	23,555	13,917	69,376	39,828
2018-05-31	$25.77	$26.00	42.2%	12.1%	47.9%	33.1%	43.0%	0.7%	-2.9%	828.3K	-41.3M	-437.7K	0.68	7.61	N/A	N/A	23,566	15,938	82,060	49,002