BOX Options History — April 2021

In April 2021, BOX traded between $21.21 and $24.50. ATM implied volatility averaged 41.3%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 7.8% (HV 20d: 49.1%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2021-04-08: Highest Volume — 74,957 contracts
  • 2021-04-14: Largest IV drop — 22.1% change
  • 2021-04-01: Highest IV Rank — 56.0%
  • 2021-04-01: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.22$21.21$24.50$23.88$21.21
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV41.3%32.4%61.2%61.2%32.4%
Expected Move11.4%9.3%17.6%17.6%9.3%
HV 20d49.1%41.3%60.2%59.2%41.3%
HV 60d52.3%50.3%54.0%50.3%50.5%
IV Rank11.6%0.0%56.0%56.0%0.0%
IV Percentile17.7%0.0%85.3%85.3%0.0%
Term Structure4.3%-8.5%7.7%-8.5%4.4%
VWIV40.4%32.3%62.2%62.2%32.3%
Skew 25d-1.2%-6.2%1.8%-6.2%0.9%
Skew 10d-1.6%-12.4%6.0%-12.4%1.0%
Call IV 25d41.3%33.6%66.3%66.3%34.0%
Put IV 25d40.1%33.5%60.1%60.1%34.9%
Bid-Ask Spread %22.2710.4046.7817.2621.70
Gamma HHI0.170.140.200.170.14
Net GEX3.8M2.1M5.5M4.7M2.1M
Net DEX-83.7M-204.6M-27.9M-176.8M-27.9M
Net VEX-496.8K-725.4K-401.6K-725.4K-401.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.043.030.170.64
Total Volume8,780.38169274,9579,6312,713
Total OI165,587.238125,741205,170201,394144,312

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$23.88$22.0061.2%17.6%59.2%56.0%62.2%-6.2%-8.5%4.7M-176.8M-725.4K0.1717.26N/AN/A8,2371,394165,08936,305
2021-04-05$24.50$22.0059.0%15.0%59.4%49.5%53.2%-1.9%3.1%5.5M-204.6M-710.2K0.0634.71N/AN/A8,430524167,34436,914
2021-04-06$24.15$22.0053.2%14.2%60.2%32.7%50.0%-2.7%2.3%5.5M-190.1M-693.2K0.2419.92N/AN/A3,058725167,92737,243
2021-04-07$24.30$22.0050.5%14.0%43.9%25.0%49.3%-2.0%3.9%5.5M-192.9M-682.8K0.1725.60N/AN/A2,488429166,82237,608
2021-04-08$21.99$22.0047.1%12.3%57.9%15.2%45.5%-2.4%4.9%4.1M-84.6M-575.4K0.3337.84N/AN/A56,20318,754166,81837,573
2021-04-09$21.66$22.0046.5%12.3%55.2%13.3%44.5%-4.2%4.8%4.1M-73.4M-513.0K0.3211.74N/AN/A5,0631,596151,81032,923
2021-04-12$21.56$22.0050.0%12.2%54.3%23.5%43.4%-2.5%2.6%4.2M-64.2M-480.4K0.1839.13N/AN/A5,126943152,73533,074
2021-04-13$21.23$22.0047.7%11.4%52.8%16.9%41.9%-3.1%5.6%4.1M-48.2M-458.2K0.5946.78N/AN/A5,3403,161153,57033,654
2021-04-14$21.72$22.0037.2%10.7%53.4%0.0%38.2%-2.4%5.8%4.1M-65.0M-468.1K0.0424.70N/AN/A15,186615153,65734,443
2021-04-15$21.64$22.0037.1%10.6%53.4%0.0%38.4%-2.0%5.4%4.2M-61.1M-439.0K0.3613.52N/AN/A2,461891152,84934,307
2021-04-16$21.56$22.0035.2%10.1%51.6%0.0%35.6%0.4%6.1%2.8M-54.3M-417.3K0.2826.46N/AN/A3,9621,114153,04134,478
2021-04-19$21.40$22.0034.8%10.0%45.8%0.0%35.7%-0.8%5.9%2.7M-50.4M-403.6K0.5411.00N/AN/A3,1041,675107,38418,357
2021-04-20$21.81$22.0035.7%10.2%43.0%2.2%35.9%-0.1%5.0%3.0M-56.4M-420.7K0.0810.40N/AN/A2,472188108,01719,794
2021-04-21$22.01$22.0034.8%10.0%43.0%0.0%34.2%1.8%4.6%3.2M-62.0M-437.4K0.2619.43N/AN/A1,943507109,43019,852
2021-04-22$21.95$22.0034.9%10.0%42.5%0.3%34.3%0.6%4.8%3.2M-60.4M-429.0K1.2216.44N/AN/A1,4331,748110,04919,917
2021-04-23$22.12$22.0033.8%9.7%42.6%0.0%36.4%0.5%6.2%3.3M-62.8M-431.9K3.0322.78N/AN/A1,7195,211110,19120,667
2021-04-26$22.26$22.0035.4%10.2%42.6%3.9%37.6%0.3%4.9%3.3M-63.5M-458.2K0.1218.96N/AN/A1,559183111,10125,701
2021-04-27$22.02$22.0032.7%9.4%42.6%0.0%33.7%-0.9%7.7%3.2M-56.6M-437.6K0.6610.70N/AN/A953627111,43025,680
2021-04-28$22.11$22.0033.3%9.5%42.6%1.3%34.3%0.2%5.7%3.3M-56.7M-439.7K0.4619.31N/AN/A473219111,63426,053
2021-04-29$21.60$22.0034.3%9.8%43.3%3.6%32.7%0.6%4.9%2.8M-45.2M-409.3K2.6519.28N/AN/A3,2808,681111,53326,046
2021-04-30$21.21$22.0032.4%9.3%41.3%0.0%32.3%0.9%4.4%2.1M-27.9M-401.6K0.6421.70N/AN/A1,6521,061111,40432,908