BOX Options History — May 2023

In May 2023, BOX traded between $25.96 and $28.09. ATM implied volatility averaged 36.3%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 17.2% (HV 20d: 19.1%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.96.

Notable Days

  • 2023-05-30: Highest Volume — 17,502 contracts
  • 2023-05-31: Largest IV drop — 56.0% change
  • 2023-05-30: Highest IV Rank — 100.0%
  • 2023-05-30: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.04$25.96$28.09$26.24$28.09
Max Pain$26.86$26.00$27.00$26.00$27.00
ATM IV36.3%25.4%63.8%29.1%28.1%
Expected Move10.9%8.1%18.3%8.3%8.1%
HV 20d19.1%14.7%22.1%15.8%19.5%
HV 60d34.5%22.3%36.9%36.1%22.3%
IV Rank29.3%0.0%100.0%4.9%6.9%
IV Percentile43.9%0.0%100.0%3.2%1.2%
Term Structure-4.0%-22.3%8.0%6.0%-0.4%
VWIV37.4%28.2%63.9%28.2%29.1%
Skew 25d5.5%1.1%8.1%4.6%1.1%
Skew 10d15.5%0.3%28.4%15.0%4.5%
Call IV 25d35.2%26.8%62.0%26.8%28.1%
Put IV 25d40.7%29.2%64.9%31.4%29.2%
Bid-Ask Spread %52.8810.4176.7352.1810.41
Gamma HHI0.180.130.250.220.17
Net GEX207.1K64.9K970.9K182.3K970.9K
Net DEX-1.4M-9.3M3.8M2.7M-9.3M
Net VEX-86.9K-102.7K-79.5K-89.2K-102.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.068.260.290.28
Total Volume2,053.18220017,50247911,558
Total OI23,617.63620,70236,22023,75636,220

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$26.24$26.0029.1%8.3%15.8%4.9%28.2%4.6%6.0%182.3K2.7M-89.2K0.2952.18N/AN/A37010913,39910,357
2023-05-02$25.98$26.0028.9%8.3%15.6%4.4%29.3%5.8%8.0%171.7K3.8M-88.8K2.1661.26N/AN/A23951613,56410,347
2023-05-03$26.07$26.0029.1%8.4%15.2%4.9%29.1%3.3%7.4%192.0K3.4M-88.0K1.9465.29N/AN/A6813213,59310,345
2023-05-04$25.96$27.0030.8%11.0%14.7%10.1%36.4%5.9%-2.6%168.6K3.4M-87.7K8.2646.98N/AN/A9578513,60610,230
2023-05-05$26.64$27.0025.4%10.0%17.6%0.0%34.6%6.7%-0.7%275.0K-332.9K-86.8K0.2676.62N/AN/A1744513,5989,896
2023-05-08$26.88$27.0026.7%10.7%17.8%3.4%36.7%6.5%-3.1%293.7K-1.6M-85.4K0.2134.61N/AN/A1823813,6259,890
2023-05-09$27.12$27.0028.4%10.9%18.1%8.2%38.0%6.2%-4.0%298.1K-3.1M-85.2K0.3963.57N/AN/A26510313,6799,916
2023-05-10$27.26$27.0037.4%10.7%18.1%33.8%36.8%5.8%-3.1%278.4K-3.5M-85.0K0.0749.48N/AN/A1,80413513,66110,011
2023-05-11$26.56$27.0036.6%10.5%20.0%31.6%35.7%6.5%-3.3%139.7K1.6M-84.2K1.4975.26N/AN/A35552813,05810,104
2023-05-12$26.52$27.0037.5%10.7%20.0%34.0%37.0%5.7%-2.9%120.1K1.7M-81.3K0.0665.82N/AN/A4052513,1009,837
2023-05-15$26.96$27.0037.2%10.7%20.3%33.2%35.3%6.5%-3.3%99.7K-310.6K-79.5K0.3023.30N/AN/A1,29238513,1419,841
2023-05-16$26.77$27.0038.3%11.0%20.4%36.5%37.2%6.3%-4.4%143.1K-500.2K-83.3K0.2425.59N/AN/A2445914,1609,618
2023-05-17$27.43$27.0038.2%11.0%21.8%36.2%37.3%4.4%-3.5%173.4K-4.2M-85.1K0.0857.46N/AN/A1,51512714,2409,647
2023-05-18$27.70$27.0037.4%10.7%21.9%33.8%36.8%8.1%-6.0%217.1K-5.8M-87.2K0.1023.60N/AN/A1,10511014,5879,716
2023-05-19$27.52$27.0037.9%10.9%22.1%35.3%37.9%7.1%-6.3%64.9K-5.4M-87.6K0.6037.43N/AN/A75244914,7439,725
2023-05-22$27.71$27.0039.0%11.2%21.7%38.3%38.7%7.3%-6.5%123.0K-2.3M-87.6K0.3873.29N/AN/A36714012,1758,527
2023-05-23$27.38$27.0042.5%12.2%19.9%48.2%40.7%6.9%-9.6%94.1K-1.3M-85.3K0.3976.30N/AN/A31112112,2978,533
2023-05-24$27.24$27.0041.0%11.8%20.0%44.2%39.9%4.7%-7.8%83.2K-844.0K-85.4K1.2976.73N/AN/A10613712,4458,648
2023-05-25$27.30$27.0042.9%12.3%19.7%49.5%43.4%5.5%-9.2%84.3K-978.5K-85.8K1.4171.77N/AN/A13418912,5058,755
2023-05-26$27.74$27.0042.0%12.1%20.2%47.0%41.7%4.1%-9.6%152.8K-2.8M-88.3K0.5568.93N/AN/A1,41977512,8108,893
2023-05-30$27.91$27.0063.8%18.3%20.1%100.0%63.9%2.9%-22.3%230.4K-5.1M-91.8K0.3427.47N/AN/A13,0734,42913,6538,893
2023-05-31$28.09$27.0028.1%8.1%19.5%6.9%29.1%1.1%-0.4%970.9K-9.3M-102.7K0.2810.41N/AN/A9,0472,51123,73512,485