BOX Options History — July 2020

In July 2020, BOX traded between $17.59 and $21.26. ATM implied volatility averaged 53.6%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded below realized volatility by 0.4% (HV 20d: 54.0%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.19.

Notable Days

  • 2020-07-20: Highest Volume — 25,387 contracts
  • 2020-07-15: Largest IV drop — 23.9% change
  • 2020-07-14: Highest IV Rank — 52.4%
  • 2020-07-20: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.18$17.59$21.26$21.26$17.87
Max Pain$19.59$19.00$20.00$20.00$19.00
ATM IV53.6%47.1%68.8%52.8%48.7%
Expected Move14.9%13.5%16.2%15.1%14.0%
HV 20d54.0%38.4%63.2%62.4%38.9%
HV 60d48.3%46.1%50.4%46.2%48.3%
IV Rank31.3%20.8%52.4%31.5%23.1%
IV Percentile64.7%47.2%90.1%65.9%50.0%
Term Structure4.9%1.5%7.2%1.5%7.2%
VWIV52.5%47.4%56.6%53.2%48.8%
Skew 25d0.2%-4.3%2.5%0.6%-2.6%
Skew 10d-1.2%-12.1%4.4%0.8%-12.1%
Call IV 25d52.7%47.5%58.1%53.8%49.1%
Put IV 25d53.0%46.5%57.7%54.4%46.5%
Bid-Ask Spread %39.0413.3764.9313.3756.89
Gamma HHI0.220.110.420.420.13
Net GEX1.6M573.9K3.6M3.1M806.5K
Net DEX-29.8M-64.4M-11.1M-64.4M-13.7M
Net VEX-208.1K-269.5K-169.0K-269.5K-172.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.030.830.120.20
Total Volume5,489.8181,53825,3875,2233,386
Total OI96,177.571,540110,697103,75985,766

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$21.26$20.0052.8%15.1%62.4%31.5%53.2%0.6%1.5%3.1M-64.4M-269.5K0.1213.37N/AN/A4,65756677,13526,624
2020-07-02$20.70$20.0048.4%13.9%63.0%25.4%52.1%-4.3%3.4%2.9M-54.1M-259.4K0.1537.50N/AN/A4,35767177,63526,702
2020-07-06$20.80$20.0054.9%15.2%62.3%34.0%53.6%2.3%4.7%3.1M-55.2M-255.6K0.2824.45N/AN/A7,5722,12079,50326,527
2020-07-07$20.63$20.0055.4%15.6%60.4%34.6%54.1%1.3%3.8%3.0M-52.3M-251.5K0.1319.05N/AN/A3,28144180,43526,726
2020-07-08$21.12$20.0053.8%15.5%60.8%32.4%53.8%1.3%3.5%3.6M-62.8M-257.7K0.1035.92N/AN/A4,79546481,46826,850
2020-07-09$20.99$20.0060.5%15.7%60.8%41.6%55.6%2.1%4.2%3.3M-60.2M-253.7K0.1345.15N/AN/A4,19053481,42726,814
2020-07-10$20.62$20.0055.0%15.2%54.2%34.1%53.9%2.5%5.9%3.2M-51.5M-244.3K0.0641.93N/AN/A4,45826481,84126,816
2020-07-13$19.38$20.0066.9%15.7%59.4%50.5%54.5%2.1%4.2%1.7M-26.1M-205.2K0.1750.61N/AN/A7,7531,35781,06327,052
2020-07-14$18.70$20.0068.8%15.6%60.9%52.4%55.2%-0.2%3.2%831.2K-13.4M-189.9K0.2451.01N/AN/A4,05398081,02327,882
2020-07-15$19.02$20.0052.3%15.0%60.4%29.3%52.5%-0.9%5.4%916.6K-16.9M-193.1K0.8338.95N/AN/A2,6012,16881,89327,970
2020-07-16$18.45$20.0053.6%15.4%61.1%31.1%54.0%0.4%4.6%596.4K-11.1M-181.9K0.1642.09N/AN/A2,57441282,02228,028
2020-07-17$18.53$20.0051.1%14.7%61.1%27.7%51.6%1.2%6.2%573.9K-12.9M-181.9K0.4446.74N/AN/A2,4401,06983,24227,455
2020-07-20$19.45$20.0056.6%16.2%63.2%35.4%56.6%-0.5%3.9%760.6K-25.3M-198.0K0.0346.79N/AN/A24,64674147,77923,761
2020-07-21$18.95$19.0055.0%15.8%49.9%33.1%54.5%0.6%3.6%996.1K-26.7M-203.0K0.0946.60N/AN/A5,70751055,30824,205
2020-07-22$18.84$19.0051.9%14.9%47.3%28.7%52.6%-0.5%5.4%1.0M-25.3M-203.0K0.1035.62N/AN/A2,27021956,57624,620
2020-07-23$18.37$19.0050.8%14.6%47.6%27.2%51.5%0.3%6.6%933.4K-20.8M-192.4K0.1630.73N/AN/A4,38169957,02124,752
2020-07-24$17.77$19.0049.2%14.1%47.8%24.9%50.8%-0.5%5.9%784.4K-15.1M-183.0K0.1340.62N/AN/A3,61245358,54425,332
2020-07-27$17.65$19.0049.1%14.1%45.7%24.9%50.1%1.1%6.6%741.1K-12.2M-171.7K0.0434.57N/AN/A4,66419958,94825,319
2020-07-28$17.65$19.0049.5%14.2%42.0%24.2%49.4%-0.8%4.7%733.1K-11.8M-170.4K0.1827.17N/AN/A2,03636058,57825,352
2020-07-29$17.66$19.0047.1%13.5%40.1%20.8%47.4%0.9%7.2%743.9K-12.0M-169.0K0.1964.93N/AN/A1,28825059,26625,373
2020-07-30$17.59$19.0047.9%13.7%38.4%22.0%49.7%-1.6%7.0%722.7K-11.3M-171.1K0.2428.09N/AN/A1,26930959,74325,529
2020-07-31$17.87$19.0048.7%14.0%38.9%23.1%48.8%-2.6%7.2%806.5K-13.7M-172.9K0.2056.89N/AN/A2,82456260,16225,604