BOX Options History — March 2020

In March 2020, BOX traded between $9.03 and $16.65. ATM implied volatility averaged 76.2%, placing in the 72.3% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded below realized volatility by 5.5% (HV 20d: 81.7%). Max pain ranged from $13.00 to $15.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.58.

Notable Days

  • 2020-03-11: Highest Volume — 3,961 contracts
  • 2020-03-09: Largest IV spike — 41.0% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 29.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.75$9.03$16.65$16.65$13.83
Max Pain$14.18$13.00$15.00$15.00$13.00
ATM IV76.2%51.3%102.7%53.0%80.2%
Expected Move21.3%14.5%29.4%15.2%23.0%
HV 20d81.7%34.7%124.0%34.7%121.8%
HV 60d53.0%29.8%74.6%29.8%74.4%
IV Rank72.3%42.9%100.0%46.3%69.1%
IV Percentile95.9%84.5%100.0%86.9%96.4%
Term Structure-5.7%-18.4%1.6%-7.7%-10.5%
VWIV74.1%51.6%102.8%53.5%77.9%
Skew 25d4.4%-3.5%12.6%2.2%6.8%
Skew 10d11.4%-15.9%38.7%12.9%24.2%
Call IV 25d74.0%50.8%108.4%52.2%75.9%
Put IV 25d78.3%51.5%110.3%54.4%82.8%
Bid-Ask Spread %41.869.5275.1421.9929.96
Gamma HHI0.150.100.260.180.10
Net GEX171.4K-116.0K1.3M1.3M99.6K
Net DEX2.7M-23.1M14.0M-23.1M-2.3M
Net VEX-107.3K-155.5K-70.7K-155.5K-114.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.032.730.480.12
Total Volume1,846.2275923,9612,2421,669
Total OI66,689.63638,89683,13976,81841,226

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$16.65$15.0053.0%15.2%34.7%46.3%53.5%2.2%-7.7%1.3M-23.1M-155.5K0.4821.99N/AN/A1,51672654,17722,641
2020-03-03$15.97$15.0054.5%15.6%38.4%49.4%53.9%0.7%-6.8%1.0M-14.7M-145.8K0.3413.93N/AN/A1,70958654,40122,763
2020-03-04$15.32$15.0051.3%14.7%40.7%42.9%52.5%-3.5%-3.9%666.3K-6.4M-129.4K0.279.52N/AN/A2,23161154,11622,769
2020-03-05$14.97$15.0053.6%14.5%41.4%47.6%51.6%1.3%-0.7%501.7K-3.8M-127.5K0.8917.02N/AN/A54147954,34522,822
2020-03-06$14.59$15.0061.1%15.1%41.8%62.7%53.5%4.6%-0.3%327.1K-385.7K-123.6K1.4519.38N/AN/A51173954,25223,001
2020-03-09$13.19$15.0086.2%18.6%54.1%100.0%63.9%1.9%-5.5%18.0K7.1M-105.3K0.5424.22N/AN/A1,22865954,23222,739
2020-03-10$12.89$15.0075.8%18.1%53.9%81.6%62.3%6.1%-3.8%-116.0K9.8M-94.0K0.3633.53N/AN/A1,19943454,32922,686
2020-03-11$12.15$15.0065.1%18.7%56.6%62.5%64.0%5.6%-1.1%-87.4K10.7M-90.3K1.6424.85N/AN/A1,5002,46154,65722,636
2020-03-12$10.80$15.0075.0%21.5%67.6%80.0%70.4%3.9%-5.9%-71.8K12.9M-86.0K0.2873.52N/AN/A1,33437454,91624,350
2020-03-13$10.28$14.0075.3%21.6%68.1%80.6%74.5%-2.2%-4.4%-76.0K13.4M-85.1K0.4440.76N/AN/A83336555,36025,364
2020-03-16$9.26$14.0094.8%27.2%72.4%100.0%92.9%6.0%-11.6%-56.1K14.0M-73.2K1.1775.14N/AN/A1,2981,52055,74825,398
2020-03-17$9.03$14.0093.3%26.7%70.3%97.7%93.3%6.0%-12.9%-47.0K13.8M-70.7K0.3771.70N/AN/A1,45154156,42325,293
2020-03-18$9.26$14.00102.7%29.4%72.0%100.0%102.8%-1.5%-18.4%-37.5K12.2M-75.4K2.7369.70N/AN/A7682,09356,27924,437
2020-03-19$11.51$14.0096.5%27.7%113.1%91.5%102.6%7.0%-8.6%-55.6K9.0M-104.8K0.2061.43N/AN/A2,64954056,82125,528
2020-03-20$12.57$14.0084.0%24.1%119.0%74.3%86.2%5.3%-7.1%9.3K8.6M-111.3K0.3562.46N/AN/A1,61956957,52525,614
2020-03-23$11.85$14.0090.3%25.9%120.1%83.0%91.0%7.8%-7.3%-1.4K2.6M-103.8K0.3147.00N/AN/A60118920,12618,770
2020-03-24$12.11$14.0081.0%23.2%119.9%70.2%82.6%1.3%1.6%5732.4M-102.5K0.1556.84N/AN/A69510520,37518,788
2020-03-25$13.02$13.0080.7%23.1%123.5%69.8%79.0%12.1%-3.8%44.0K466.6K-110.5K0.0363.35N/AN/A1,4324921,18518,855
2020-03-26$13.64$13.0074.2%21.3%124.0%60.8%74.1%9.2%-0.5%76.6K-1.8M-116.7K0.2635.77N/AN/A85122421,39118,865
2020-03-27$13.95$13.0075.7%21.7%122.6%62.9%77.0%2.7%-2.8%96.8K-2.6M-118.7K0.1029.48N/AN/A1,02410221,81818,984
2020-03-30$13.74$13.0072.7%20.9%122.2%58.8%71.6%12.6%-2.7%95.1K-1.6M-115.6K0.2439.34N/AN/A47711522,13719,030
2020-03-31$13.83$13.0080.2%23.0%121.8%69.1%77.9%6.8%-10.5%99.6K-2.3M-114.9K0.1229.96N/AN/A1,48818122,12619,100