BOX Options History — April 2023

In April 2023, BOX traded between $26.06 and $27.66. ATM implied volatility averaged 29.4%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 7.7% (HV 20d: 21.7%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 1.65.

Notable Days

  • 2023-04-17: Highest Volume — 3,517 contracts
  • 2023-04-25: Largest IV spike — 10.5% change
  • 2023-04-25: Highest IV Rank — 12.8%
  • 2023-04-25: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.85$26.06$27.66$26.37$26.32
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV29.4%27.5%31.8%30.7%28.1%
Expected Move8.5%7.9%9.1%8.8%8.1%
HV 20d21.7%18.8%28.9%28.9%18.8%
HV 60d38.7%37.4%41.5%41.5%37.4%
IV Rank4.6%0.0%12.8%7.2%1.9%
IV Percentile3.0%0.0%13.5%2.8%0.4%
Term Structure4.9%0.7%7.5%0.7%7.5%
VWIV29.8%27.2%32.4%30.2%27.2%
Skew 25d4.7%3.0%6.0%4.3%4.1%
Skew 10d15.8%5.8%72.8%20.2%12.5%
Call IV 25d28.0%26.0%29.7%29.7%26.0%
Put IV 25d32.6%30.1%35.1%34.0%30.1%
Bid-Ask Spread %58.7523.6680.6579.7967.93
Gamma HHI0.220.150.340.340.21
Net GEX323.3K102.1K482.4K451.9K172.2K
Net DEX-4.1M-9.7M3.1M-4.4M2.1M
Net VEX-84.4K-102.0K-72.5K-72.5K-92.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.0318.870.730.18
Total Volume781.1051803,517491206
Total OI22,681.42120,16827,27120,70823,626

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$26.37$26.0030.7%8.8%28.9%7.2%30.2%4.3%0.7%451.9K-4.4M-72.5K0.7379.79N/AN/A28420714,6886,020
2023-04-04$26.63$26.0028.7%8.2%26.0%0.9%29.5%3.0%2.8%447.2K-7.1M-76.2K0.2059.84N/AN/A1503014,6185,587
2023-04-05$26.89$26.0029.4%8.4%25.8%3.0%28.9%4.6%2.3%448.7K-7.6M-74.6K0.2578.91N/AN/A3578814,6025,566
2023-04-06$26.96$26.0028.5%8.9%23.5%0.5%31.6%5.6%5.2%482.4K-8.0M-73.6K2.1443.97N/AN/A6011,28614,7025,534
2023-04-10$26.80$26.0030.6%8.7%22.8%6.8%31.7%4.9%5.6%436.6K-6.3M-75.9K0.5165.72N/AN/A1296614,6996,347
2023-04-11$26.84$26.0029.3%8.6%22.6%2.8%32.4%5.3%4.9%432.7K-6.1M-73.6K0.2154.11N/AN/A1994214,7286,401
2023-04-12$26.95$26.0029.8%8.5%22.3%4.4%30.9%4.1%5.4%417.7K-6.8M-72.7K0.3068.22N/AN/A42813014,6566,302
2023-04-13$27.21$26.0029.4%8.4%20.9%3.1%28.8%3.4%6.3%428.0K-8.2M-73.6K0.8254.75N/AN/A25721214,5446,272
2023-04-14$27.30$26.0029.0%8.3%19.7%2.0%29.7%5.2%6.1%443.8K-8.1M-73.9K1.4240.48N/AN/A31144214,6846,415
2023-04-17$27.66$26.0027.5%7.9%19.9%0.0%29.1%4.7%6.6%468.1K-9.7M-74.9K18.8766.01N/AN/A1773,34014,8426,739
2023-04-18$27.54$26.0028.2%8.1%20.0%2.2%28.8%6.0%5.6%335.3K-6.5M-91.8K1.8840.37N/AN/A1,1502,15714,8009,949
2023-04-19$27.16$26.0029.6%8.5%20.7%6.2%27.9%5.8%3.5%226.8K-3.7M-102.0K0.0359.11N/AN/A177615,38611,505
2023-04-20$27.02$26.0029.6%8.5%19.3%6.3%29.3%4.1%4.6%191.8K-2.8M-99.7K0.8058.57N/AN/A26421015,49111,498
2023-04-21$27.04$26.0029.1%8.4%19.1%4.9%28.6%4.7%5.5%102.1K-3.1M-99.3K0.4359.50N/AN/A42518415,65611,615
2023-04-24$26.74$26.0028.7%8.2%19.7%3.8%29.0%5.1%6.0%159.1K1.1M-96.3K0.1023.66N/AN/A3042912,92310,497
2023-04-25$26.06$26.0031.8%9.1%22.1%12.8%32.0%5.3%4.7%132.7K3.1M-93.8K0.5946.86N/AN/A23714113,05910,261
2023-04-26$26.13$26.0030.9%8.9%21.9%10.3%30.5%3.9%4.5%168.6K2.6M-93.2K0.7480.65N/AN/A14110413,21310,158
2023-04-27$26.45$26.0030.5%8.8%18.8%9.1%30.0%4.3%5.1%197.2K1.3M-93.6K1.0967.89N/AN/A17719313,21410,150
2023-04-28$26.32$26.0028.1%8.1%18.8%1.9%27.2%4.1%7.5%172.2K2.1M-92.4K0.1867.93N/AN/A1743213,27910,347