BOX Options History — August 2018

In August 2018, BOX traded between $23.76 and $26.64. ATM implied volatility averaged 48.8%, placing in the 48.5% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 8.6% (HV 20d: 40.1%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.56.

Notable Days

2018-08-29: Highest Volume — 54,792 contracts
2018-08-29: Largest IV drop — 39.2% change
2018-08-28: Highest IV Rank — 90.8%
2018-08-28: Largest Expected Move — 19.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.25	$23.76	$26.64	$23.76	$24.53
Max Pain	$24.78	$24.00	$25.00	$25.00	$25.00
ATM IV	48.8%	33.9%	66.8%	46.2%	33.9%
Expected Move	14.6%	9.7%	19.2%	13.2%	9.7%
HV 20d	40.1%	29.0%	51.2%	38.6%	50.8%
HV 60d	41.6%	39.0%	45.5%	43.3%	45.5%
IV Rank	48.5%	13.7%	90.8%	42.4%	13.7%
IV Percentile	73.0%	27.0%	99.6%	75.0%	27.0%
Term Structure	-4.3%	-13.5%	7.6%	3.6%	2.1%
VWIV	51.3%	34.5%	66.3%	47.5%	34.5%
Skew 25d	0.3%	-3.5%	2.7%	-1.2%	-0.5%
Skew 10d	-0.2%	-9.6%	4.5%	-4.2%	-2.9%
Call IV 25d	51.5%	36.0%	65.7%	48.7%	36.0%
Put IV 25d	51.8%	35.5%	66.1%	47.5%	35.5%
Bid-Ask Spread %	13.41	7.53	20.40	18.38	8.16
Gamma HHI	0.10	0.09	0.11	0.10	0.11
Net GEX	1.8M	1.0M	2.5M	1.1M	1.9M
Net DEX	-50.7M	-85.6M	-9.3M	-20.0M	-36.9M
Net VEX	-479.7K	-518.1K	-442.0K	-444.8K	-513.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.22	0.97	0.41	0.57
Total Volume	13,687.043	6,374	54,792	11,031	12,940
Total OI	134,813.391	115,078	176,892	122,489	176,892

Daily Data (23 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
2018-08-01	$23.76	$25.00	46.2%	13.2%	38.6%	42.4%	47.5%	-1.2%	3.6%	1.1M	-20.0M	-444.8K	0.41	18.38	N/A	N/A	7,806	3,225	82,770	39,719
2018-08-02	$24.54	$25.00	45.3%	13.0%	39.8%	40.3%	46.7%	-0.5%	5.8%	1.5M	-36.0M	-484.1K	0.22	11.26	N/A	N/A	9,392	2,085	86,108	41,019
2018-08-03	$24.42	$25.00	43.3%	12.4%	39.6%	35.7%	44.9%	0.2%	7.6%	1.8M	-37.9M	-486.4K	0.55	14.25	N/A	N/A	4,118	2,256	91,350	41,031
2018-08-06	$24.88	$24.00	44.0%	14.6%	39.5%	37.4%	51.1%	0.6%	-3.8%	2.0M	-46.9M	-489.9K	0.33	16.12	N/A	N/A	6,164	2,013	91,801	41,078
2018-08-07	$25.61	$24.00	42.4%	14.5%	40.7%	33.6%	50.3%	0.7%	-3.8%	2.2M	-61.4M	-499.0K	0.89	14.24	N/A	N/A	5,959	5,331	91,567	41,366
2018-08-08	$25.70	$24.00	43.4%	14.6%	40.7%	36.0%	50.3%	1.1%	-4.6%	2.3M	-63.5M	-495.0K	0.97	12.51	N/A	N/A	4,126	4,014	91,775	41,242
2018-08-09	$26.19	$24.00	42.5%	14.4%	40.9%	33.8%	50.1%	1.2%	-3.6%	2.5M	-74.9M	-504.4K	0.70	15.79	N/A	N/A	7,497	5,274	91,814	41,769
2018-08-10	$25.82	$24.00	38.9%	14.4%	40.9%	25.5%	51.1%	0.7%	-4.5%	2.2M	-63.2M	-490.9K	0.66	20.40	N/A	N/A	7,037	4,629	92,184	42,316
2018-08-13	$25.22	$25.00	44.2%	14.3%	41.7%	37.9%	49.2%	-0.2%	-3.3%	1.9M	-47.7M	-465.2K	0.77	17.61	N/A	N/A	4,748	3,632	92,199	42,679
2018-08-14	$25.66	$25.00	44.1%	14.4%	39.7%	37.7%	50.8%	1.1%	-4.6%	2.0M	-55.8M	-471.6K	0.45	13.48	N/A	N/A	6,581	2,934	92,553	42,773
2018-08-15	$25.21	$25.00	54.0%	15.5%	39.6%	60.7%	53.5%	0.7%	-5.6%	1.7M	-46.6M	-467.7K	0.53	16.37	N/A	N/A	5,216	2,777	93,012	43,401
2018-08-16	$25.30	$25.00	51.7%	14.8%	39.4%	55.5%	51.6%	1.4%	-5.1%	1.8M	-48.0M	-460.8K	0.63	15.16	N/A	N/A	4,701	2,947	93,924	43,496
2018-08-17	$24.61	$25.00	53.3%	15.3%	40.3%	59.1%	53.1%	1.5%	-7.5%	1.3M	-31.0M	-447.6K	0.66	16.25	N/A	N/A	4,924	3,250	94,160	43,203
2018-08-20	$25.19	$25.00	56.4%	16.2%	40.6%	66.4%	55.1%	1.5%	-8.4%	1.5M	-47.7M	-454.2K	0.32	10.82	N/A	N/A	7,843	2,482	77,095	37,983
2018-08-21	$25.40	$25.00	57.8%	16.6%	39.5%	69.6%	56.3%	0.5%	-9.4%	1.7M	-54.1M	-470.6K	0.58	12.65	N/A	N/A	4,525	2,613	80,141	38,572
2018-08-22	$25.68	$25.00	56.1%	16.1%	38.9%	65.7%	56.0%	1.6%	-7.7%	1.8M	-60.2M	-475.1K	0.62	8.80	N/A	N/A	5,608	3,484	81,795	39,072
2018-08-23	$26.00	$25.00	56.5%	16.2%	39.2%	66.5%	56.6%	2.7%	-7.8%	1.9M	-67.0M	-482.4K	0.51	9.69	N/A	N/A	5,442	2,753	82,359	39,867
2018-08-24	$26.61	$25.00	58.5%	16.8%	32.9%	71.3%	58.6%	1.3%	-9.9%	2.1M	-80.0M	-492.7K	0.35	10.53	N/A	N/A	10,589	3,691	84,007	40,064
2018-08-27	$26.07	$25.00	65.3%	18.7%	29.0%	87.2%	65.2%	-0.5%	-13.5%	2.1M	-72.5M	-497.0K	0.63	15.80	N/A	N/A	9,373	5,898	89,645	41,161
2018-08-28	$26.64	$25.00	66.8%	19.2%	29.7%	90.8%	66.3%	0.9%	-13.0%	2.3M	-85.6M	-518.1K	0.43	14.13	N/A	N/A	27,990	11,942	93,416	43,789
2018-08-29	$23.80	$25.00	40.6%	11.6%	51.2%	29.4%	42.8%	-3.5%	-1.3%	1.0M	-9.3M	-442.0K	0.54	7.53	N/A	N/A	35,501	19,291	104,071	51,724
2018-08-30	$23.89	$25.00	36.6%	10.5%	49.8%	20.2%	38.2%	-3.4%	0.4%	1.5M	-19.3M	-480.9K	0.60	8.43	N/A	N/A	12,593	7,608	111,862	56,884
2018-08-31	$24.53	$25.00	33.9%	9.7%	50.8%	13.7%	34.5%	-0.5%	2.1%	1.9M	-36.9M	-513.4K	0.57	8.16	N/A	N/A	8,217	4,723	116,650	60,242