BOX Options History — January 2023

In January 2023, BOX traded between $27.96 and $32.05. ATM implied volatility averaged 32.5%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 4.3% (HV 20d: 36.8%). Max pain ranged from $29.00 to $31.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-01-18: Highest Volume — 9,528 contracts
  • 2023-01-30: Largest IV spike — 7.1% change
  • 2023-01-10: Highest IV Rank — 11.8%
  • 2023-01-05: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.73$27.96$32.05$31.35$31.89
Max Pain$30.65$29.00$31.00$29.00$31.00
ATM IV32.5%30.8%35.1%33.8%32.6%
Expected Move9.3%8.8%10.1%9.7%9.4%
HV 20d36.8%33.7%43.2%34.9%34.1%
HV 60d35.5%33.5%36.5%34.6%35.5%
IV Rank5.2%1.1%11.8%8.5%5.6%
IV Percentile8.9%2.0%19.4%14.3%12.7%
Term Structure4.1%1.0%5.9%1.0%5.1%
VWIV33.1%30.6%36.0%33.5%33.2%
Skew 25d4.8%2.6%6.0%4.7%3.5%
Skew 10d9.5%4.5%15.2%5.4%11.3%
Call IV 25d31.0%28.8%32.8%31.2%32.7%
Put IV 25d35.8%33.5%38.8%36.0%36.2%
Bid-Ask Spread %41.5618.7964.0036.4937.72
Gamma HHI0.270.160.460.220.19
Net GEX911.1K-184.5K1.5M1.3M742.5K
Net DEX-19.0M-30.6M-1.1M-29.6M-18.0M
Net VEX-93.8K-113.9K-68.0K-97.8K-112.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.022.480.120.80
Total Volume1,620.52829,5282,581602
Total OI31,951.221,93742,53934,79625,709

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$31.35$29.0033.8%9.7%34.9%8.5%33.5%4.7%1.0%1.3M-29.6M-97.8K0.1236.49N/AN/A2,31326823,54411,252
2023-01-04$31.35$29.0032.6%9.3%33.7%5.5%33.2%2.6%1.8%1.3M-30.6M-102.5K0.2957.12N/AN/A2186424,54511,316
2023-01-05$30.30$31.0034.3%10.1%36.0%9.8%34.2%5.9%3.8%1.1M-19.7M-91.5K2.4347.55N/AN/A26363823,63411,357
2023-01-06$29.99$31.0032.4%9.7%36.3%5.0%33.7%5.4%4.3%1.0M-16.7M-87.2K1.3148.35N/AN/A37348723,60711,376
2023-01-09$29.81$31.0033.6%9.8%36.2%8.1%34.4%6.0%4.1%1.1M-15.1M-83.3K2.4853.72N/AN/A18746323,71411,302
2023-01-10$27.96$31.0035.1%10.0%43.2%11.8%33.2%6.0%3.8%249.3K-1.1M-68.0K1.1749.11N/AN/A2,3692,78023,74411,597
2023-01-11$28.66$31.0034.0%9.7%38.4%9.0%35.2%6.0%3.8%753.7K-9.6M-82.0K1.7431.80N/AN/A27347525,79910,175
2023-01-12$29.71$31.0031.9%9.2%37.2%3.9%34.3%5.2%5.0%1.3M-16.2M-77.0K0.2419.26N/AN/A71716923,91810,334
2023-01-13$30.27$30.0031.9%9.1%37.9%3.7%31.6%4.5%4.8%1.4M-21.4M-79.1K1.0818.79N/AN/A19921424,11910,601
2023-01-17$30.80$30.0031.5%9.0%38.2%2.9%32.6%4.5%4.9%1.5M-26.3M-75.8K0.1542.51N/AN/A74010924,29710,828
2023-01-18$30.66$30.0032.4%9.3%37.8%5.1%32.1%4.6%4.1%1.4M-25.0M-75.2K1.1459.12N/AN/A4,4565,07224,31110,874
2023-01-19$30.59$31.0032.9%9.4%36.8%6.4%36.0%5.0%4.0%1.4M-25.4M-97.8K0.4364.00N/AN/A42718228,03614,205
2023-01-20$30.98$31.0031.3%9.0%36.8%2.3%33.1%5.1%4.6%-184.5K-29.9M-97.0K0.3255.68N/AN/A1,46446828,29814,241
2023-01-23$31.55$31.0030.9%8.9%37.2%1.2%31.8%4.8%3.3%541.9K-13.4M-103.0K0.4921.46N/AN/A64431413,9407,997
2023-01-24$31.48$31.0032.0%9.2%36.6%4.0%31.2%4.9%3.8%557.5K-13.5M-103.7K0.1645.01N/AN/A4076714,3368,203
2023-01-25$31.52$31.0031.0%8.9%36.6%1.5%32.0%4.8%4.4%568.0K-13.7M-103.9K0.0222.81N/AN/A1,8993314,6178,226
2023-01-26$31.81$31.0031.1%8.9%36.7%1.9%32.6%3.6%4.2%777.7K-17.5M-111.5K0.3044.56N/AN/A1,06831616,2428,306
2023-01-27$32.05$31.0030.8%8.8%36.3%1.1%30.6%3.7%5.9%766.9K-19.3M-113.9K0.5339.92N/AN/A80042516,2578,608
2023-01-30$31.88$31.0033.0%9.5%34.6%6.6%33.4%4.4%4.2%722.5K-17.9M-113.0K0.2436.12N/AN/A3608716,5319,028
2023-01-31$31.89$31.0032.6%9.4%34.1%5.6%33.2%3.5%5.1%742.5K-18.0M-112.9K0.8037.72N/AN/A33526716,6439,066