BOX Options History — March 2021

In March 2021, BOX traded between $18.20 and $23.70. ATM implied volatility averaged 56.3%, placing in the 30.1% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 3.2% (HV 20d: 59.5%). Max pain ranged from $18.00 to $22.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.33.

Notable Days

  • 2021-03-22: Highest Volume — 70,719 contracts
  • 2021-03-22: Largest IV spike — 49.8% change
  • 2021-03-22: Highest IV Rank — 67.3%
  • 2021-03-22: Largest Expected Move — 21.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.53$18.20$23.70$18.96$23.09
Max Pain$19.78$18.00$22.00$18.00$22.00
ATM IV56.3%44.3%74.5%67.0%60.9%
Expected Move16.0%12.8%21.4%19.2%17.5%
HV 20d59.5%45.7%70.9%47.0%60.3%
HV 60d47.4%40.2%51.3%44.3%50.0%
IV Rank30.1%4.0%67.3%41.3%49.7%
IV Percentile57.0%4.8%96.4%89.7%84.1%
Term Structure-1.5%-11.3%4.8%-11.3%-4.3%
VWIV56.4%45.0%73.7%70.0%61.5%
Skew 25d-2.1%-16.6%2.9%-2.8%-4.1%
Skew 10d-5.4%-33.8%21.2%-6.8%-16.7%
Call IV 25d58.0%43.4%80.9%71.3%64.7%
Put IV 25d55.9%46.2%68.5%68.5%60.6%
Bid-Ask Spread %39.6717.5666.6423.8425.27
Gamma HHI0.170.130.260.130.17
Net GEX3.2M988.4K5.0M1.0M4.5M
Net DEX-103.8M-168.5M-25.8M-36.6M-149.8M
Net VEX-426.8K-693.3K-210.3K-229.4K-693.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.021.940.141.94
Total Volume20,592.5223,08170,7193,61610,349
Total OI124,407.47868,592195,16368,592195,163

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$18.96$18.0067.0%19.2%47.0%41.3%70.0%-2.8%-11.3%1.0M-36.6M-229.4K0.1423.84N/AN/A3,17344355,78412,808
2021-03-02$18.80$18.0068.1%19.5%47.2%43.2%68.9%-7.9%-10.6%1.0M-35.0M-224.6K0.3717.56N/AN/A6,2322,31256,97312,855
2021-03-03$18.68$18.0049.4%14.2%45.7%12.4%52.0%-4.5%-1.5%1.2M-33.4M-218.4K0.3725.31N/AN/A11,9444,36859,49614,134
2021-03-04$18.20$18.0048.1%13.8%46.5%10.3%46.9%0.1%2.6%988.4K-25.8M-210.3K0.7339.80N/AN/A3,7572,74862,23615,946
2021-03-05$18.57$18.0044.3%12.8%47.1%4.0%45.0%2.9%4.7%1.0M-27.4M-221.3K0.1731.10N/AN/A2,93151061,38117,867
2021-03-08$18.88$18.0051.2%13.6%46.9%15.4%47.7%1.5%2.6%1.1M-31.4M-215.0K0.8337.17N/AN/A1,7941,48860,88117,689
2021-03-09$21.34$18.0060.2%14.8%63.5%30.1%52.9%-0.4%2.9%1.9M-70.8M-243.0K0.0620.03N/AN/A60,9133,73661,44816,482
2021-03-10$21.21$18.0054.5%15.6%63.6%20.7%54.3%1.6%0.3%2.6M-80.9M-313.0K0.0446.46N/AN/A29,5511,05682,87815,856
2021-03-11$22.31$18.0048.9%14.0%64.6%11.6%49.2%0.5%1.9%3.8M-121.2M-390.8K0.0851.30N/AN/A24,2811,931103,13316,481
2021-03-12$22.86$19.0048.5%13.9%64.7%10.9%48.6%1.7%2.1%4.0M-135.1M-428.6K0.3939.77N/AN/A9,8823,867107,62117,648
2021-03-15$21.97$21.0047.2%13.5%66.6%8.7%47.3%-1.0%4.3%3.6M-108.9M-408.5K0.1740.52N/AN/A5,333911106,67120,966
2021-03-16$21.79$21.0045.5%13.1%66.1%6.0%45.5%0.9%4.8%3.7M-103.7M-399.6K0.0449.24N/AN/A6,624251107,66920,817
2021-03-17$21.88$21.0046.8%13.4%66.2%8.1%47.2%-0.3%3.5%3.9M-107.8M-405.3K0.1145.01N/AN/A2,787294110,29120,854
2021-03-18$21.06$21.0049.6%14.2%68.0%12.7%50.5%-1.0%-0.2%3.8M-87.2M-380.2K0.0331.64N/AN/A14,082485110,87420,931
2021-03-19$22.47$21.0049.7%14.3%70.9%14.4%50.3%0.9%-0.2%2.7M-130.8M-430.3K0.0247.48N/AN/A42,930654117,41720,843
2021-03-22$23.52$21.0074.5%21.4%68.1%67.3%73.7%-16.6%-9.2%3.4M-149.2M-551.9K0.0844.73N/AN/A65,5245,195119,21010,411
2021-03-23$23.70$21.0060.3%17.3%61.5%38.0%60.5%0.6%-8.3%5.0M-168.5M-619.4K0.0557.46N/AN/A22,2551,055142,65414,605
2021-03-24$23.18$21.0062.1%17.8%62.2%51.6%60.9%-2.0%-7.8%4.9M-155.8M-619.1K0.0666.64N/AN/A31,9231,863148,60915,060
2021-03-25$23.29$21.0066.5%19.1%60.4%63.5%68.7%-4.7%-2.5%4.1M-144.0M-590.0K0.0350.35N/AN/A48,1661,255135,24416,648
2021-03-26$23.13$21.0061.1%17.5%60.6%50.2%63.4%-3.9%1.0%4.8M-159.1M-679.5K0.2357.33N/AN/A6,9931,582158,81417,518
2021-03-29$23.30$21.0063.7%18.3%60.5%57.0%65.4%-4.4%-2.0%5.0M-165.4M-676.9K0.1922.44N/AN/A3,958752160,89818,861
2021-03-30$23.10$21.0066.7%19.1%60.5%64.8%66.9%-5.3%-6.8%5.0M-159.1M-667.0K1.5042.00N/AN/A8,60412,886161,31419,433
2021-03-31$23.09$22.0060.9%17.5%60.3%49.7%61.5%-4.1%-4.3%4.5M-149.8M-693.3K1.9425.27N/AN/A3,5186,831164,07031,093