BOX Options History — March 2023

In March 2023, BOX traded between $25.27 and $33.48. ATM implied volatility averaged 36.4%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 14.2% (HV 20d: 50.6%). Max pain ranged from $26.00 to $33.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.74.

Notable Days

  • 2023-03-02: Highest Volume — 9,158 contracts
  • 2023-03-15: Largest IV drop — 33.7% change
  • 2023-03-14: Highest IV Rank — 82.0%
  • 2023-03-01: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.61$25.27$33.48$33.48$26.71
Max Pain$28.96$26.00$33.00$31.00$26.00
ATM IV36.4%28.4%55.3%51.1%28.4%
Expected Move9.8%8.1%14.7%14.7%8.1%
HV 20d50.6%26.5%56.7%28.0%28.8%
HV 60d41.8%32.1%44.5%32.1%41.9%
IV Rank19.7%0.0%82.0%52.3%0.0%
IV Percentile32.4%0.0%98.8%94.0%0.0%
Term Structure0.5%-12.7%3.5%-12.7%2.2%
VWIV34.1%28.9%53.8%53.8%28.9%
Skew 25d5.5%3.0%10.0%10.0%5.4%
Skew 10d12.5%0.7%24.1%20.6%16.7%
Call IV 25d32.2%27.9%44.7%44.7%27.9%
Put IV 25d37.7%33.2%54.7%54.7%33.2%
Bid-Ask Spread %60.8335.0078.2947.7158.10
Gamma HHI0.200.080.360.140.31
Net GEX-148.2K-849.4K531.1K531.1K462.3K
Net DEX10.1M-17.3M24.2M-17.3M-6.4M
Net VEX-66.5K-111.4K-55.7K-111.4K-77.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.022.001.620.23
Total Volume1,762.6091879,1585,5181,075
Total OI26,929.8715,85636,67828,69121,168

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$33.48$31.0051.1%14.7%28.0%52.3%53.8%10.0%-12.7%531.1K-17.3M-111.4K1.6247.71N/AN/A2,1073,41115,08213,609
2023-03-02$29.05$31.0034.0%9.8%56.7%9.6%33.4%5.4%-3.3%-849.4K16.8M-86.4K0.9140.55N/AN/A4,8034,35516,20616,437
2023-03-03$28.62$30.0030.5%8.7%53.6%0.9%29.9%7.0%-0.3%-419.8K10.2M-83.8K0.5967.84N/AN/A80147318,78714,558
2023-03-06$28.44$33.0033.7%8.8%53.6%11.5%30.9%5.4%3.5%-489.0K10.3M-78.9K1.5554.85N/AN/A36857219,21414,125
2023-03-07$27.34$31.0035.2%9.4%54.6%16.5%31.7%5.3%2.5%-589.1K18.2M-66.9K1.0163.83N/AN/A1,0471,06019,21314,332
2023-03-08$26.95$31.0034.8%9.4%53.6%15.0%32.3%5.9%2.4%-532.4K18.0M-64.7K2.0067.81N/AN/A41382519,45213,649
2023-03-09$26.19$30.0037.7%9.9%53.8%24.5%33.6%5.7%2.0%-480.4K21.9M-61.2K0.8372.53N/AN/A61651019,56214,229
2023-03-10$25.78$30.0042.5%10.3%53.7%40.3%36.2%5.2%2.3%-464.1K22.9M-60.2K0.6443.26N/AN/A45929220,01514,978
2023-03-13$25.63$30.0052.9%10.7%53.7%74.2%39.0%7.7%1.5%-447.2K23.8M-57.5K0.8376.10N/AN/A1,2621,05120,14715,083
2023-03-14$25.41$30.0055.3%10.2%53.6%82.0%34.3%5.3%2.8%-401.3K24.2M-57.4K0.6676.60N/AN/A55536721,03815,640
2023-03-15$26.05$30.0036.6%10.5%54.8%21.1%35.7%6.8%2.3%-470.1K20.7M-61.2K1.2174.33N/AN/A30637121,15415,263
2023-03-16$25.62$29.0034.9%10.0%54.8%15.5%35.0%4.4%0.6%-287.9K23.0M-55.7K0.8076.48N/AN/A43034421,27215,269
2023-03-17$25.59$28.0035.4%10.1%54.7%17.1%34.2%6.9%-0.1%22.4K20.9M-56.9K1.3957.99N/AN/A27538221,51614,609
2023-03-20$25.84$28.0034.2%9.8%54.9%13.1%34.2%5.4%0.8%17.6K4.7M-57.9K0.3149.61N/AN/A5191629,5936,263
2023-03-21$26.09$28.0032.4%9.3%53.7%7.2%32.2%5.3%0.8%41.5K4.2M-59.6K0.1035.00N/AN/A346349,9456,392
2023-03-22$25.59$28.0031.4%9.0%53.5%3.9%32.0%5.3%-0.3%39.7K4.8M-58.0K0.0677.24N/AN/A9886010,0606,411
2023-03-23$25.46$28.0034.9%10.0%53.1%15.5%34.5%5.8%0.2%61.6K3.8M-58.9K1.2760.12N/AN/A22128110,4535,966
2023-03-24$25.41$27.0034.6%9.9%53.2%14.5%33.4%5.3%0.4%79.7K3.8M-60.9K0.1375.44N/AN/A1782410,8026,204
2023-03-27$25.46$27.0032.9%9.4%52.9%9.0%31.4%4.0%-0.4%89.5K3.8M-59.6K0.2639.72N/AN/A1483910,9216,222
2023-03-28$25.27$27.0032.9%9.4%52.8%8.9%34.4%3.0%0.5%100.0K3.3M-57.8K0.4348.04N/AN/A1345711,0225,903
2023-03-29$26.14$27.0030.4%8.7%55.2%0.8%30.9%4.0%1.2%140.5K1.2M-62.6K0.0257.53N/AN/A7,34612411,0745,840
2023-03-30$25.98$26.0030.3%8.7%26.5%0.5%32.1%3.3%2.5%435.7K-3.3M-74.4K0.0978.29N/AN/A1,23611314,7885,921
2023-03-31$26.71$26.0028.4%8.1%28.8%0.0%28.9%5.4%2.2%462.3K-6.4M-77.3K0.2358.10N/AN/A87220315,1985,970