BOX Options History — February 2023

In February 2023, BOX traded between $32.66 and $34.48. ATM implied volatility averaged 38.4%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 9.8% (HV 20d: 28.5%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 1.56.

Notable Days

  • 2023-02-02: Highest Volume — 5,313 contracts
  • 2023-02-08: Largest IV spike — 11.0% change
  • 2023-02-28: Highest IV Rank — 43.8%
  • 2023-02-28: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.73$32.66$34.48$33.00$33.36
Max Pain$30.79$30.00$31.00$31.00$31.00
ATM IV38.4%30.2%47.7%30.2%47.7%
Expected Move11.3%8.7%13.7%8.7%13.7%
HV 20d28.5%23.0%38.6%35.9%28.0%
HV 60d35.2%34.3%36.7%35.9%34.8%
IV Rank20.4%0.0%43.8%0.0%43.8%
IV Percentile48.1%0.0%91.7%0.0%91.7%
Term Structure-4.0%-11.3%5.9%5.9%-11.3%
VWIV40.1%31.2%48.5%31.2%46.8%
Skew 25d5.3%4.3%6.7%4.3%6.7%
Skew 10d11.7%5.3%16.2%5.3%16.2%
Call IV 25d37.1%28.7%43.4%28.7%43.4%
Put IV 25d42.4%33.0%50.1%33.0%50.1%
Bid-Ask Spread %40.2218.4064.8654.4537.65
Gamma HHI0.200.140.250.200.14
Net GEX1.1M540.6K1.6M917.3K540.6K
Net DEX-27.2M-35.1M-16.9M-25.3M-16.9M
Net VEX-112.8K-120.5K-105.5K-114.4K-112.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.560.118.390.362.14
Total Volume1,396.9471685,3139151,502
Total OI27,777.21123,89933,59926,11528,522

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$33.00$31.0030.2%8.7%35.9%0.0%31.2%4.3%5.9%917.3K-25.3M-114.4K0.3654.45N/AN/A67324216,8539,262
2023-02-02$34.45$31.0032.0%10.5%38.6%4.5%38.9%4.8%-1.7%1.0M-34.4M-109.4K0.6119.32N/AN/A3,2952,01816,9809,562
2023-02-03$34.31$31.0032.2%10.6%36.0%4.9%37.6%4.9%-1.9%1.3M-33.9M-109.7K0.6725.54N/AN/A89560117,8278,877
2023-02-06$33.86$31.0033.4%10.7%36.2%7.9%38.1%5.2%-1.6%1.3M-31.3M-117.2K0.1127.24N/AN/A4524918,5099,419
2023-02-07$34.48$31.0034.2%11.0%36.1%10.1%38.0%5.6%-2.7%1.4M-34.8M-117.2K0.1218.40N/AN/A5206018,8159,412
2023-02-08$34.36$31.0038.0%10.9%24.9%19.5%37.8%4.6%-2.0%1.4M-35.1M-118.1K0.3126.84N/AN/A1284019,1079,435
2023-02-09$34.17$31.0038.5%11.0%24.9%20.8%37.3%5.3%-2.8%1.4M-33.3M-118.0K8.3923.38N/AN/A9680519,1789,448
2023-02-10$33.81$31.0037.9%10.9%23.6%19.2%39.1%5.0%-2.2%1.4M-30.4M-120.5K1.7431.56N/AN/A17830919,30310,089
2023-02-13$33.70$30.0039.6%11.4%23.4%23.5%40.6%5.8%-4.2%1.4M-30.0M-115.9K0.5020.54N/AN/A41120619,33110,070
2023-02-14$34.03$30.0038.5%11.0%23.0%20.7%40.4%5.2%-3.1%1.6M-32.2M-114.4K1.0826.67N/AN/A13014019,39510,244
2023-02-15$33.53$30.0037.3%10.7%23.9%17.8%39.8%5.0%-2.6%1.3M-28.0M-113.5K0.9336.89N/AN/A2,7082,51519,47410,344
2023-02-16$33.63$30.0037.4%10.7%23.7%17.9%37.4%4.7%-3.9%1.4M-30.3M-117.0K0.7961.57N/AN/A24319120,77012,829
2023-02-17$32.66$31.0038.8%11.1%26.4%21.6%39.0%5.6%-4.0%824.0K-19.9M-105.7K2.5064.86N/AN/A32982218,26410,543
2023-02-21$33.52$31.0042.1%12.1%27.1%29.7%41.2%5.6%-6.7%806.0K-21.2M-105.5K1.2860.64N/AN/A24631515,0068,893
2023-02-22$33.55$31.0041.5%11.9%27.1%28.3%42.9%5.8%-7.5%822.4K-21.3M-106.7K1.6563.96N/AN/A9816215,1639,193
2023-02-23$33.80$31.0040.6%11.6%27.1%26.0%41.0%5.5%-6.9%877.8K-22.8M-107.2K1.6260.77N/AN/A26843315,1849,263
2023-02-24$33.19$31.0043.3%12.4%28.1%32.6%48.5%5.3%-7.0%749.4K-18.3M-109.4K3.3357.37N/AN/A1,1373,78215,3269,720
2023-02-27$33.47$31.0046.1%13.2%28.1%39.6%46.3%6.4%-9.4%587.7K-18.1M-111.2K1.5546.60N/AN/A21333015,07213,085
2023-02-28$33.36$31.0047.7%13.7%28.0%43.8%46.8%6.7%-11.3%540.6K-16.9M-112.8K2.1437.65N/AN/A4791,02315,10213,420