BOX Options History — March 2022

In March 2022, BOX traded between $25.22 and $29.56. ATM implied volatility averaged 41.9%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 4.8% (HV 20d: 37.1%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.66.

Notable Days

2022-03-18: Highest Volume — 22,785 contracts
2022-03-03: Largest IV drop — 35.4% change
2022-03-01: Highest IV Rank — 91.1%
2022-03-01: Largest Expected Move — 20.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.16	$25.22	$29.56	$25.30	$29.19
Max Pain	$25.57	$25.00	$26.00	$25.00	$26.00
ATM IV	41.9%	30.4%	70.3%	70.3%	31.0%
Expected Move	12.2%	9.1%	20.1%	20.1%	9.3%
HV 20d	37.1%	31.8%	42.0%	31.8%	38.3%
HV 60d	31.0%	27.6%	33.0%	27.9%	33.0%
IV Rank	31.4%	7.3%	91.1%	91.1%	8.7%
IV Percentile	53.9%	2.8%	99.6%	99.6%	5.6%
Term Structure	-1.4%	-16.7%	2.1%	-16.7%	1.7%
VWIV	42.6%	32.9%	69.2%	69.2%	34.9%
Skew 25d	5.2%	-0.2%	8.3%	6.2%	-0.2%
Skew 10d	10.6%	2.5%	16.4%	14.3%	2.5%
Call IV 25d	39.3%	29.8%	65.1%	65.1%	31.5%
Put IV 25d	44.5%	31.4%	71.3%	71.3%	31.4%
Bid-Ask Spread %	40.00	23.79	61.58	47.87	51.87
Gamma HHI	0.25	0.13	0.58	0.13	0.36
Net GEX	2.0M	422.9K	5.9M	855.9K	2.8M
Net DEX	-31.1M	-55.7M	-6.8M	-17.2M	-51.2M
Net VEX	-193.8K	-212.8K	-161.5K	-200.9K	-210.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.06	1.49	0.65	1.04
Total Volume	5,213.783	1,460	22,785	3,148	1,460
Total OI	55,329	37,376	68,793	57,427	45,242

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-03-01	$25.30	$25.00	70.3%	20.1%	31.8%	91.1%	69.2%	6.2%	-16.7%	855.9K	-17.2M	-200.9K	0.65	47.87	N/A	N/A	1,910	1,238	37,664	19,763
2022-03-02	$25.94	$25.00	66.9%	19.2%	33.1%	84.0%	66.5%	7.8%	-5.8%	1.1M	-24.1M	-208.2K	0.90	26.46	N/A	N/A	3,333	2,985	38,185	20,160
2022-03-03	$26.62	$25.00	43.2%	12.4%	34.2%	33.8%	44.4%	8.3%	0.0%	1.8M	-31.9M	-206.8K	0.36	26.69	N/A	N/A	7,255	2,620	40,277	21,007
2022-03-04	$27.19	$25.00	43.0%	12.3%	33.2%	33.4%	42.4%	6.8%	-2.4%	2.2M	-36.3M	-202.9K	0.26	34.97	N/A	N/A	8,856	2,329	39,747	21,318
2022-03-07	$26.52	$26.00	47.5%	13.6%	32.6%	42.9%	47.8%	6.8%	-1.5%	1.8M	-26.6M	-196.5K	0.53	40.79	N/A	N/A	2,415	1,270	40,102	21,642
2022-03-08	$26.01	$26.00	45.8%	13.8%	33.4%	39.3%	47.8%	5.9%	-1.8%	1.4M	-20.1M	-186.3K	0.57	43.51	N/A	N/A	2,903	1,659	40,805	21,951
2022-03-09	$27.01	$26.00	44.0%	13.1%	36.1%	35.5%	45.3%	6.3%	-2.5%	2.4M	-35.1M	-196.3K	0.32	59.69	N/A	N/A	4,845	1,555	41,920	22,059
2022-03-10	$26.04	$26.00	45.5%	14.2%	38.1%	38.7%	49.7%	6.4%	-2.6%	1.5M	-19.6M	-184.3K	0.38	46.32	N/A	N/A	3,484	1,310	42,474	22,371
2022-03-11	$25.46	$26.00	46.8%	14.1%	38.4%	41.3%	49.8%	6.4%	-2.3%	927.6K	-12.6M	-177.5K	0.65	61.58	N/A	N/A	2,361	1,530	42,784	22,503
2022-03-14	$25.22	$25.00	47.0%	12.5%	37.6%	41.9%	42.9%	5.7%	-3.2%	422.9K	-6.8M	-163.1K	0.58	39.48	N/A	N/A	2,595	1,511	42,554	23,087
2022-03-15	$25.55	$25.00	45.0%	12.0%	38.0%	37.6%	42.3%	7.6%	-3.5%	638.4K	-10.5M	-161.5K	1.49	36.20	N/A	N/A	1,470	2,183	43,609	23,328
2022-03-16	$25.97	$25.00	41.5%	11.6%	37.4%	30.2%	40.6%	6.0%	-0.9%	1.2M	-16.0M	-163.3K	1.23	44.92	N/A	N/A	2,226	2,748	43,598	23,096
2022-03-17	$27.34	$25.00	40.5%	11.2%	42.0%	28.1%	39.6%	4.7%	-1.1%	4.5M	-41.1M	-175.8K	0.39	45.39	N/A	N/A	3,521	1,371	43,880	23,602
2022-03-18	$27.74	$25.00	37.0%	10.9%	39.6%	20.7%	39.1%	6.9%	0.4%	5.9M	-50.5M	-177.1K	0.06	35.92	N/A	N/A	21,416	1,369	44,917	23,876
2022-03-21	$28.49	$25.00	38.3%	10.9%	39.1%	23.4%	38.1%	2.3%	0.5%	1.7M	-36.6M	-202.0K	0.50	28.12	N/A	N/A	3,277	1,645	29,641	7,735
2022-03-22	$28.14	$26.00	35.0%	10.2%	39.4%	18.1%	35.1%	2.7%	0.7%	1.8M	-33.7M	-203.5K	0.55	28.90	N/A	N/A	2,238	1,230	31,253	8,472
2022-03-23	$27.44	$26.00	35.1%	10.2%	38.5%	18.2%	35.3%	3.3%	-0.2%	1.6M	-26.5M	-195.1K	0.72	36.98	N/A	N/A	2,420	1,751	31,788	8,839
2022-03-24	$28.02	$26.00	33.6%	10.1%	38.0%	14.7%	34.7%	4.2%	1.3%	2.0M	-33.5M	-206.0K	0.46	29.98	N/A	N/A	1,806	839	32,927	8,893
2022-03-25	$28.22	$26.00	32.7%	9.9%	38.0%	12.6%	35.0%	3.8%	1.6%	2.2M	-37.0M	-209.3K	0.85	45.49	N/A	N/A	900	767	33,896	9,063
2022-03-28	$28.71	$26.00	32.7%	9.7%	38.2%	12.6%	33.4%	4.9%	1.6%	2.4M	-42.5M	-206.5K	0.60	38.90	N/A	N/A	1,873	1,118	33,998	9,054
2022-03-29	$29.56	$26.00	30.4%	9.1%	38.7%	7.3%	32.9%	3.3%	1.3%	2.6M	-55.7M	-211.3K	0.82	46.20	N/A	N/A	1,237	1,010	35,077	9,391
2022-03-30	$29.09	$26.00	30.8%	9.4%	39.1%	8.1%	33.5%	2.5%	2.1%	2.7M	-49.2M	-212.8K	1.20	23.79	N/A	N/A	945	1,133	35,398	9,621
2022-03-31	$29.19	$26.00	31.0%	9.3%	38.3%	8.7%	34.9%	-0.2%	1.7%	2.8M	-51.2M	-210.9K	1.04	51.87	N/A	N/A	714	746	35,306	9,936