BOX Options History — November 2023

In November 2023, BOX traded between $24.59 and $26.23. ATM implied volatility averaged 36.8%, placing in the 38.7% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 14.7% (HV 20d: 22.2%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.17.

Notable Days

  • 2023-11-16: Highest Volume — 1,745 contracts
  • 2023-11-08: Largest IV spike — 34.2% change
  • 2023-11-29: Highest IV Rank — 62.4%
  • 2023-11-29: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.63$24.59$26.23$24.59$26.02
Max Pain$25.33$25.00$26.00$25.00$25.00
ATM IV36.8%25.8%47.3%26.7%46.3%
Expected Move11.1%7.7%13.5%7.7%13.3%
HV 20d22.2%18.2%24.8%22.7%18.2%
HV 60d29.5%20.3%32.7%31.4%20.3%
IV Rank38.7%13.5%62.4%15.8%60.3%
IV Percentile73.0%24.2%97.2%27.4%96.0%
Term Structure-6.3%-15.7%8.7%8.7%-14.4%
VWIV38.7%27.8%46.4%27.8%46.4%
Skew 25d4.0%1.8%5.7%3.6%3.6%
Skew 10d3.8%-5.5%10.0%6.2%7.1%
Call IV 25d37.1%27.6%45.6%27.6%44.9%
Put IV 25d41.1%31.2%48.6%31.2%48.6%
Bid-Ask Spread %32.7611.3269.8822.2420.84
Gamma HHI0.180.140.280.170.15
Net GEX756.8K446.6K1.4M648.2K500.9K
Net DEX-8.6M-16.3M-3.7M-3.7M-7.8M
Net VEX-91.4K-95.7K-83.7K-90.3K-85.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.048.540.410.25
Total Volume465.3811291,745617319
Total OI29,428.1926,51233,61129,68427,398

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$24.59$25.0026.7%7.7%22.7%15.8%27.8%3.6%8.7%648.2K-3.7M-90.3K0.4122.24N/AN/A43917823,1126,572
2023-11-02$25.04$26.0025.8%9.9%23.3%13.6%32.7%4.8%-1.5%818.6K-6.2M-94.3K0.2725.42N/AN/A2496823,2476,661
2023-11-03$25.26$26.0025.8%9.9%23.1%13.5%35.6%5.7%-2.8%918.1K-7.8M-95.7K0.7920.98N/AN/A17814023,2906,711
2023-11-06$24.87$26.0025.9%10.1%23.8%13.8%36.1%4.9%-2.8%734.7K-4.6M-89.0K0.6815.67N/AN/A966523,3156,798
2023-11-07$25.48$26.0026.9%10.3%24.8%16.2%34.3%4.4%-3.1%984.2K-8.8M-94.7K0.3611.32N/AN/A43215523,3516,819
2023-11-08$25.48$26.0036.1%10.4%24.7%37.1%35.6%5.0%-3.3%976.4K-8.6M-93.7K0.5827.13N/AN/A28816723,5236,868
2023-11-09$25.23$26.0037.0%10.6%24.6%39.1%35.5%3.6%-4.3%841.5K-6.7M-90.6K0.7615.69N/AN/A1068123,5456,997
2023-11-10$25.56$26.0036.6%10.5%24.4%38.1%37.7%4.4%-4.2%1.0M-9.4M-95.4K0.1514.71N/AN/A1,11416223,5987,043
2023-11-13$25.57$25.0037.0%10.6%22.9%39.1%37.0%4.1%-4.7%1.0M-10.7M-92.4K1.6517.14N/AN/A10717724,5927,148
2023-11-14$26.23$25.0037.5%10.7%24.5%40.2%37.1%3.2%-5.4%1.4M-16.3M-95.4K0.6467.53N/AN/A42026724,6277,247
2023-11-15$26.02$25.0037.7%10.8%24.4%40.6%37.2%4.3%-5.5%1.1M-14.0M-93.5K0.1919.12N/AN/A1452824,6237,454
2023-11-16$25.77$25.0039.0%11.2%22.6%43.5%41.2%3.5%-7.0%917.5K-11.8M-91.3K8.5469.88N/AN/A1831,56224,6707,451
2023-11-17$25.77$25.0038.8%11.1%21.1%43.1%39.3%2.9%-6.9%750.9K-10.9M-94.1K0.7545.52N/AN/A29822424,7548,857
2023-11-20$26.05$25.0040.8%11.7%21.2%47.7%42.1%4.7%-8.4%486.0K-9.1M-93.0K3.5019.87N/AN/A12343018,4378,075
2023-11-21$25.91$25.0039.5%11.3%21.5%44.6%39.9%3.9%-7.9%464.4K-8.0M-93.2K0.6963.11N/AN/A16711518,4498,321
2023-11-22$25.93$25.0041.2%11.8%20.2%48.7%41.8%3.5%-10.0%457.2K-8.0M-91.9K1.7425.79N/AN/A478218,3748,338
2023-11-24$25.91$25.0042.0%12.1%19.8%50.5%42.5%4.1%-10.5%451.5K-7.7M-90.1K0.4564.97N/AN/A1115018,3978,365
2023-11-27$25.94$25.0043.4%12.4%19.7%53.6%43.8%4.0%-11.5%468.6K-7.6M-87.2K0.0449.46N/AN/A2521118,4548,377
2023-11-28$25.70$25.0042.4%12.2%19.6%51.3%43.2%3.9%-11.5%446.6K-6.5M-85.3K1.6333.27N/AN/A12820918,6218,384
2023-11-29$25.98$25.0047.3%13.5%18.9%62.4%45.8%1.8%-15.7%448.8K-7.3M-83.7K0.4438.39N/AN/A27812218,6728,457
2023-11-30$26.02$25.0046.3%13.3%18.2%60.3%46.4%3.6%-14.4%500.9K-7.8M-85.0K0.2520.84N/AN/A2566318,8618,537