BOX Options History — January 2025

In January 2025, BOX traded between $30.80 and $33.41. ATM implied volatility averaged 22.6%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 7.4% (HV 20d: 15.2%). Max pain ranged from $27.00 to $32.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.75.

Notable Days

  • 2025-01-28: Highest Volume — 4,885 contracts
  • 2025-01-15: Largest IV drop — 26.3% change
  • 2025-01-14: Highest IV Rank — 15.0%
  • 2025-01-13: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.79$30.80$33.41$31.46$33.28
Max Pain$30.80$27.00$32.00$27.00$32.00
ATM IV22.6%20.1%29.1%23.1%22.4%
Expected Move6.3%5.7%6.7%6.6%6.4%
HV 20d15.2%11.4%29.1%29.1%19.2%
HV 60d24.7%24.2%25.9%24.4%25.9%
IV Rank5.6%1.9%15.0%6.4%5.3%
IV Percentile29.6%3.2%74.2%39.3%29.0%
Term Structure9.4%0.0%14.0%0.0%13.0%
VWIV22.1%20.2%24.1%23.1%23.0%
Skew 25d1.4%-0.5%3.0%1.1%0.3%
Skew 10d2.2%-4.6%4.7%-4.6%1.2%
Call IV 25d21.8%20.1%23.9%22.5%22.9%
Put IV 25d23.2%21.0%24.9%23.6%23.3%
Bid-Ask Spread %54.3324.7370.6767.0436.67
Gamma HHI0.180.160.220.160.16
Net GEX433.9K78.0K1.0M329.5K1.0M
Net DEX-25.4M-31.0M-15.5M-29.8M-28.4M
Net VEX-231.4K-261.2K-221.3K-231.7K-261.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.072.681.870.11
Total Volume698.3704,885384407
Total OI40,336.129,32647,31745,83437,200

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$31.46$27.0023.1%6.6%29.1%6.4%23.1%1.1%0.0%329.5K-29.8M-231.7K1.8767.04N/AN/A13425033,06212,772
2025-01-03$31.59$27.0021.2%6.1%13.8%3.6%22.2%1.4%0.7%380.1K-30.5M-231.8K0.6870.67N/AN/A604133,11112,765
2025-01-06$31.27$31.0023.4%6.4%14.1%6.8%22.7%2.4%7.8%252.4K-27.6M-224.4K1.2058.00N/AN/A28133833,11012,782
2025-01-07$30.96$31.0022.5%6.4%13.2%5.4%21.9%2.8%7.8%151.0K-25.8M-225.1K0.8554.59N/AN/A26122233,22812,941
2025-01-08$31.11$31.0021.5%6.2%13.3%4.1%22.7%3.0%9.3%132.9K-26.9M-225.7K0.0762.27N/AN/A2511733,22312,896
2025-01-10$30.80$31.0024.5%6.6%13.3%8.4%23.0%0.9%8.4%78.0K-24.5M-226.0K0.6562.78N/AN/A1107133,52713,460
2025-01-13$31.08$31.0026.7%6.7%13.9%11.6%23.6%1.8%8.9%94.2K-26.2M-222.3K0.2955.63N/AN/A862533,56013,435
2025-01-14$31.25$31.0029.1%6.5%11.4%15.0%22.0%2.1%9.3%125.7K-27.7M-227.7K0.0759.34N/AN/A5243933,58613,438
2025-01-15$31.66$31.0021.4%6.1%11.8%3.9%22.4%1.0%9.5%277.1K-31.0M-224.6K0.1863.61N/AN/A57810433,65413,536
2025-01-16$31.55$31.0021.0%6.0%11.8%3.3%20.8%1.8%9.5%312.4K-29.8M-222.7K0.3562.91N/AN/A1103834,16613,151
2025-01-17$31.46$31.0021.5%6.2%11.7%4.0%21.0%1.2%10.6%244.0K-28.8M-225.5K0.4060.18N/AN/A1536134,16513,135
2025-01-21$31.88$31.0020.1%5.7%12.5%1.9%20.3%1.6%12.1%498.5K-18.3M-221.3K2.6838.18N/AN/A4321,15720,1309,196
2025-01-22$31.46$31.0021.7%6.2%13.2%4.3%21.5%2.1%10.0%459.4K-16.5M-230.2K1.9045.96N/AN/A11521920,45810,277
2025-01-23$31.38$31.0021.8%6.2%13.1%4.4%21.5%0.6%10.3%425.3K-15.5M-224.0K1.2647.00N/AN/A313920,52910,485
2025-01-24$31.45$31.0020.2%5.8%12.9%2.2%20.2%0.7%12.1%445.7K-16.1M-228.4K0.6954.38N/AN/A493420,55110,428
2025-01-27$32.25$31.0022.7%6.5%15.7%5.8%22.5%1.8%11.1%600.6K-19.8M-229.7K0.9241.42N/AN/A13512420,59710,456
2025-01-28$33.41$32.0021.8%6.3%20.0%4.5%24.1%-0.5%14.0%748.5K-27.0M-233.9K0.1950.80N/AN/A4,11976620,63710,538
2025-01-29$33.31$32.0023.1%6.6%19.8%6.4%22.6%-0.4%11.7%1.0M-29.0M-252.6K0.4370.33N/AN/A1,25453424,40611,273
2025-01-30$33.17$32.0022.4%6.4%19.9%5.4%21.7%1.3%12.9%1.0M-27.9M-258.6K0.3224.73N/AN/A60419325,10311,755
2025-01-31$33.28$32.0022.4%6.4%19.2%5.3%23.0%0.3%13.0%1.0M-28.4M-261.2K0.1136.67N/AN/A3683925,32911,871