BOX Options History — March 2024

In March 2024, BOX traded between $26.57 and $29.98. ATM implied volatility averaged 32.1%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 8.5% (HV 20d: 40.6%). Max pain ranged from $26.00 to $30.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.12.

Notable Days

  • 2024-03-05: Highest Volume — 17,069 contracts
  • 2024-03-06: Largest IV drop — 62.2% change
  • 2024-03-04: Highest IV Rank — 100.0%
  • 2024-03-01: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.80$26.57$29.98$26.57$28.41
Max Pain$29.00$26.00$30.00$26.00$30.00
ATM IV32.1%19.8%87.4%66.6%19.9%
Expected Move7.9%5.7%19.1%19.1%5.7%
HV 20d40.6%26.5%44.7%26.5%40.6%
HV 60d30.3%25.2%33.6%32.2%30.0%
IV Rank19.9%0.0%100.0%91.6%0.2%
IV Percentile34.1%0.0%100.0%99.6%1.2%
Term Structure0.5%-27.7%12.2%-27.7%1.2%
VWIV27.5%18.9%67.1%67.1%19.5%
Skew 25d0.5%-1.1%1.6%0.4%0.6%
Skew 10d2.5%-0.5%8.1%8.1%1.0%
Call IV 25d27.8%20.0%67.3%67.3%20.0%
Put IV 25d28.3%20.6%67.7%67.7%20.6%
Bid-Ask Spread %46.0922.4064.9357.0436.01
Gamma HHI0.220.120.610.130.15
Net GEX123.5K-1.8M1.5M347.6K100.5K
Net DEX-13.6M-34.4M692.6K-9.1M-2.9M
Net VEX-109.5K-117.8K-88.8K-88.8K-116.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.245.710.280.26
Total Volume3,88427517,0692,836275
Total OI38,341.5526,45457,33426,45432,049

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$26.57$26.0066.6%19.1%26.5%91.6%67.1%0.4%-27.7%347.6K-9.1M-88.8K0.2857.04N/AN/A2,22461218,0608,394
2024-03-04$27.86$26.0078.9%12.1%31.2%100.0%42.9%-0.6%-3.4%541.0K-17.1M-99.1K0.2442.47N/AN/A5,7961,36719,3448,966
2024-03-05$27.20$27.0087.4%13.0%32.4%100.0%45.4%0.4%-5.8%429.2K-12.6M-97.4K1.4936.65N/AN/A6,84410,22519,6099,822
2024-03-06$29.73$27.0033.0%7.7%44.7%19.6%28.0%-1.1%5.2%1.2M-34.4M-104.1K0.3948.05N/AN/A8,3503,26724,65221,178
2024-03-07$29.61$27.0024.8%7.1%44.5%7.3%25.6%0.7%4.4%1.5M-33.8M-101.5K0.3158.19N/AN/A2,47776025,74620,605
2024-03-08$29.66$27.0025.4%7.1%44.4%8.2%24.8%0.6%3.7%1.4M-33.4M-102.3K2.7646.50N/AN/A1,7824,91425,47921,061
2024-03-11$29.51$30.0030.6%6.9%44.3%15.9%24.5%0.2%4.3%392.4K-25.2M-108.9K0.3463.13N/AN/A1,47650325,16225,185
2024-03-12$29.98$30.0026.2%7.0%44.1%9.5%24.3%0.2%4.9%395.2K-31.9M-109.7K2.0353.52N/AN/A2,0414,14626,02725,508
2024-03-13$29.82$30.0023.5%6.7%42.6%5.5%23.5%0.4%5.1%-1.1M-24.9M-114.1K1.4954.48N/AN/A8951,33325,85128,816
2024-03-14$29.46$30.0023.4%6.7%43.0%5.3%23.5%0.6%12.2%-571.3K-14.3M-113.2K0.5749.18N/AN/A1,44583026,15330,117
2024-03-15$29.70$30.0024.6%7.0%43.0%7.1%24.5%1.1%0.1%-1.8M-17.4M-117.8K1.2643.03N/AN/A72691526,79830,536
2024-03-18$29.20$30.0025.2%7.2%43.1%8.0%25.3%1.4%-0.5%-133.1K-4.9M-115.2K0.6754.45N/AN/A1,25783915,24111,393
2024-03-19$28.94$30.0024.3%7.0%42.0%6.7%25.4%1.6%-1.6%-129.9K-3.6M-114.9K1.0664.93N/AN/A2,3342,46815,92711,751
2024-03-20$28.43$30.0022.9%6.6%41.2%4.6%22.9%1.1%-0.3%-146.9K692.6K-115.4K0.7948.19N/AN/A1,21895917,27613,488
2024-03-21$28.38$30.0021.9%6.3%40.9%3.1%21.9%0.1%0.9%-120.1K615.9K-116.8K0.6531.35N/AN/A54935717,88313,812
2024-03-22$28.46$30.0021.4%6.1%40.8%2.4%19.1%1.3%1.7%-94.8K-519.3K-117.3K5.7131.92N/AN/A3532,01718,23613,755
2024-03-25$28.36$30.0021.1%6.0%40.8%1.9%21.1%0.4%2.0%109.2K-2.9M-112.6K0.5822.40N/AN/A43825618,36812,294
2024-03-26$28.32$30.0021.2%6.1%40.7%2.0%22.2%0.3%1.6%99.8K-2.9M-114.6K0.3742.93N/AN/A30811318,62612,459
2024-03-27$28.34$30.0019.8%5.7%40.8%0.0%18.9%1.1%2.6%84.2K-2.2M-110.5K1.0737.42N/AN/A48952218,69012,514
2024-03-28$28.41$30.0019.9%5.7%40.6%0.2%19.5%0.6%1.2%100.5K-2.9M-116.7K0.2636.01N/AN/A2195619,12612,923