BOX Options History — September 2021

In September 2021, BOX traded between $22.47 and $26.05. ATM implied volatility averaged 35.1%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 3.7% (HV 20d: 38.8%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.42.

Notable Days

  • 2021-09-17: Highest Volume — 21,232 contracts
  • 2021-09-07: Largest IV spike — 15.5% change
  • 2021-09-13: Highest IV Rank — 26.3%
  • 2021-09-13: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.16$22.47$26.05$26.03$23.76
Max Pain$24.38$24.00$25.00$24.00$24.00
ATM IV35.1%30.0%39.6%32.7%35.9%
Expected Move10.1%9.4%11.4%9.4%10.3%
HV 20d38.8%32.8%43.5%32.8%43.3%
HV 60d34.6%30.3%37.3%30.3%36.9%
IV Rank16.6%5.9%26.3%11.6%18.3%
IV Percentile19.3%2.0%32.1%9.9%26.6%
Term Structure2.3%-0.9%4.5%3.4%0.7%
VWIV38.0%33.6%47.0%34.7%35.4%
Skew 25d-0.2%-3.6%3.6%-3.6%3.6%
Skew 10d-1.9%-21.7%14.6%-1.0%2.8%
Call IV 25d38.1%33.7%44.7%38.0%35.6%
Put IV 25d37.9%34.3%42.3%34.3%39.2%
Bid-Ask Spread %40.8014.6663.8943.6135.55
Gamma HHI0.230.160.660.240.16
Net GEX2.1M-4.7M6.8M6.1M2.0M
Net DEX-37.0M-104.7M13.4M-104.7M-30.4M
Net VEX-347.5K-422.6K-268.3K-422.6K-372.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.041.500.040.44
Total Volume6,460.5711,71321,2327,8242,237
Total OI135,750.23889,641173,416152,258113,588

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$26.03$24.0032.7%9.4%32.8%11.6%34.7%-3.6%3.4%6.1M-104.7M-422.6K0.0443.61N/AN/A7,494330109,03943,219
2021-09-02$25.70$25.0031.8%9.8%33.2%9.7%35.6%-0.8%4.1%6.1M-92.6M-406.5K0.0537.73N/AN/A1,63578110,39743,249
2021-09-03$26.05$25.0030.0%9.6%33.4%5.9%33.6%0.6%4.2%6.8M-102.0M-406.1K0.1835.85N/AN/A2,232391110,90043,340
2021-09-07$25.79$25.0034.7%9.7%33.5%15.8%34.3%-1.6%4.2%6.4M-93.1M-373.6K0.2248.06N/AN/A1,637358110,08643,387
2021-09-08$25.38$25.0034.4%9.9%34.0%15.2%41.0%-2.8%4.5%5.6M-76.5M-357.9K0.2236.85N/AN/A2,242501110,00043,433
2021-09-09$23.66$25.0034.9%10.0%42.2%16.2%40.6%-3.2%3.4%1.1M-16.9M-298.3K0.8756.89N/AN/A4,7934,190110,49843,561
2021-09-10$22.97$25.0035.2%10.1%39.8%16.8%40.4%-0.8%4.1%-244.0K4.4M-268.3K0.3729.81N/AN/A5,6132,081111,46843,844
2021-09-13$23.41$25.0039.6%11.4%40.6%26.3%43.0%-2.9%1.6%844.1K-9.9M-297.7K0.3463.89N/AN/A15,6775,397112,32146,106
2021-09-14$22.70$25.0037.3%10.7%39.7%21.2%47.0%-2.9%2.3%-627.0K13.4M-269.4K0.3757.64N/AN/A7,5922,773114,32947,423
2021-09-15$23.24$24.0036.2%10.4%39.3%19.0%37.6%-1.2%4.2%466.5K-4.5M-289.1K0.6253.81N/AN/A2,4241,495118,58948,612
2021-09-16$23.06$24.0034.7%9.9%37.8%15.8%37.7%-0.1%1.3%-680.7K3.7M-289.9K1.5035.96N/AN/A3,0494,560121,03650,622
2021-09-17$22.93$24.0035.4%10.2%37.4%17.3%43.3%-1.8%0.5%-4.7M12.7M-282.1K1.3649.64N/AN/A8,98712,245122,56650,850
2021-09-20$22.47$24.0039.1%11.2%37.6%25.0%42.9%1.9%-0.9%693.6K-5.0M-300.1K0.1728.63N/AN/A3,33356762,85626,785
2021-09-21$23.21$24.0033.7%9.7%39.2%13.6%33.7%2.5%2.3%797.9K-11.1M-335.8K0.0643.43N/AN/A7,11939565,44930,665
2021-09-22$24.05$24.0033.2%9.5%40.2%12.6%34.1%2.7%3.1%1.3M-25.7M-365.3K0.4751.80N/AN/A4,2562,01667,44431,026
2021-09-23$24.66$24.0034.4%9.9%41.5%15.2%35.0%2.6%0.9%2.2M-45.1M-393.4K0.0831.69N/AN/A4,35235173,51731,169
2021-09-24$25.14$24.0033.8%9.7%41.4%13.8%35.6%0.1%1.7%2.7M-58.4M-406.1K0.0723.34N/AN/A5,00933675,62931,183
2021-09-27$25.24$24.0034.4%9.9%40.6%15.2%35.3%2.0%2.1%2.9M-63.7M-401.4K0.2032.04N/AN/A2,68653577,40731,277
2021-09-28$24.18$24.0037.8%10.8%43.2%22.4%38.3%-0.2%0.0%2.4M-41.3M-390.8K0.7845.89N/AN/A1,23395980,32731,399
2021-09-29$23.66$24.0037.1%10.6%43.5%20.9%38.5%0.8%0.6%2.0M-30.2M-371.3K0.4214.66N/AN/A1,77474080,54931,610
2021-09-30$23.76$24.0035.9%10.3%43.3%18.3%35.4%3.6%0.7%2.0M-30.4M-372.7K0.4435.55N/AN/A1,54968881,37532,213