BOX Options History — March 2019

In March 2019, BOX traded between $18.76 and $20.21. ATM implied volatility averaged 38.5%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 37.0% (HV 20d: 75.5%). Max pain ranged from $19.00 to $21.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.10.

Notable Days

  • 2019-03-01: Highest Volume — 17,436 contracts
  • 2019-03-05: Largest IV drop — 9.7% change
  • 2019-03-04: Highest IV Rank — 17.9%
  • 2019-03-11: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.48$18.76$20.21$20.14$19.30
Max Pain$19.85$19.00$21.00$21.00$19.00
ATM IV38.5%34.9%42.6%40.4%36.3%
Expected Move11.4%10.2%12.9%11.6%10.8%
HV 20d75.5%30.3%86.4%86.0%30.7%
HV 60d61.0%56.2%63.1%63.0%56.2%
IV Rank9.4%2.2%17.9%13.3%4.9%
IV Percentile13.0%0.4%35.7%25.0%2.0%
Term Structure2.8%-1.3%7.2%0.0%1.7%
VWIV40.0%35.6%44.6%40.3%37.2%
Skew 25d0.8%-1.8%2.6%0.1%1.5%
Skew 10d0.6%-7.9%17.7%9.7%1.7%
Call IV 25d38.4%35.2%42.1%42.1%36.0%
Put IV 25d39.3%36.1%42.2%42.2%37.5%
Bid-Ask Spread %20.449.0837.259.0813.46
Gamma HHI0.110.070.140.090.13
Net GEX514.6K188.5K777.1K528.6K633.4K
Net DEX-13.2M-22.6M814.3K-11.1M-16.4M
Net VEX-309.5K-333.1K-287.6K-311.1K-290.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.173.680.540.98
Total Volume5,073.6191,08717,43617,4361,370
Total OI95,820.66773,790116,545102,51378,061

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$20.14$21.0040.4%11.6%86.0%13.3%40.3%0.1%0.0%528.6K-11.1M-311.1K0.549.08N/AN/A11,3416,09568,63333,880
2019-03-04$19.46$21.0042.6%12.2%86.4%17.9%43.4%0.9%4.2%370.8K-4.9M-308.5K2.3728.92N/AN/A4,0179,53372,43135,395
2019-03-05$19.14$21.0038.5%11.0%86.2%9.4%41.3%-0.1%6.1%346.2K-3.1M-319.1K1.9035.87N/AN/A3,7367,08173,53838,757
2019-03-06$18.76$21.0039.5%11.3%78.4%11.5%40.7%-1.8%6.4%366.6K814.3K-311.3K1.6428.62N/AN/A4,6277,59174,63838,989
2019-03-07$18.93$20.0041.1%11.8%78.7%14.8%41.2%0.8%4.7%444.0K-3.3M-317.9K3.6831.19N/AN/A1,8396,76576,27338,437
2019-03-08$19.07$20.0039.1%11.2%78.8%10.7%39.6%-0.4%5.2%463.5K-5.3M-320.6K2.4537.25N/AN/A2,7626,75576,73238,433
2019-03-11$19.77$19.0042.2%12.9%79.2%17.0%44.1%1.2%4.7%505.6K-15.3M-330.1K0.4019.09N/AN/A2,49399577,55138,517
2019-03-12$20.21$19.0040.0%12.9%79.9%12.6%44.6%0.8%5.7%487.6K-21.6M-333.1K0.3917.11N/AN/A2,9501,15977,60438,801
2019-03-13$19.88$19.0039.0%12.6%78.8%10.4%43.3%1.0%4.4%283.6K-15.6M-322.5K0.6417.95N/AN/A1,10870877,50839,037
2019-03-14$19.69$19.0038.0%12.6%78.7%8.4%43.7%0.0%5.4%188.5K-12.3M-315.6K0.3316.81N/AN/A1,69055277,38938,816
2019-03-15$19.80$19.0035.5%12.2%78.7%3.3%42.8%0.0%7.2%633.5K-12.8M-314.9K0.9117.69N/AN/A1,9191,74877,58937,625
2019-03-18$19.94$0.0036.1%10.4%78.7%4.5%37.0%-0.4%1.1%642.8K-21.9M-314.1K0.1916.61N/AN/A1,96637046,48827,302
2019-03-19$19.96$20.0034.9%10.2%78.7%2.2%35.6%1.5%1.1%685.4K-22.2M-311.4K0.4519.89N/AN/A1,34660547,05927,597
2019-03-20$19.72$20.0037.2%10.5%78.7%6.8%36.7%0.7%-0.4%646.4K-20.4M-309.4K0.1720.91N/AN/A2,55443647,51927,623
2019-03-21$19.96$20.0035.6%10.2%79.0%3.6%35.7%2.1%0.4%777.1K-22.6M-311.3K0.2116.43N/AN/A1,50231248,63627,664
2019-03-22$19.05$20.0038.0%11.2%79.7%8.4%38.2%1.2%0.6%580.9K-14.7M-296.0K0.9518.44N/AN/A1,5761,49448,84727,659
2019-03-25$19.11$20.0039.6%11.1%79.9%11.8%39.1%2.3%-1.3%567.8K-14.1M-294.1K0.5816.47N/AN/A81447549,26028,271
2019-03-26$19.15$20.0039.0%11.2%79.9%10.4%38.8%1.1%0.1%590.9K-15.6M-293.4K2.0312.85N/AN/A35972849,39228,330
2019-03-27$18.87$20.0037.6%10.9%78.9%7.7%38.5%2.6%0.3%493.9K-11.6M-288.0K0.7717.54N/AN/A1,11286049,43328,557
2019-03-28$19.11$19.0037.5%10.9%30.3%7.5%38.0%2.6%0.7%569.4K-14.2M-287.6K1.4517.10N/AN/A49271149,57828,385
2019-03-29$19.30$19.0036.3%10.8%30.7%4.9%37.2%1.5%1.7%633.4K-16.4M-290.3K0.9813.46N/AN/A69267849,65128,410