BOX Options History — February 2025

In February 2025, BOX traded between $32.47 and $35.28. ATM implied volatility averaged 36.4%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 18.4% (HV 20d: 18.0%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.19.

Notable Days

  • 2025-02-03: Highest Volume — 2,194 contracts
  • 2025-02-12: Largest IV spike — 74.0% change
  • 2025-02-28: Highest IV Rank — 46.8%
  • 2025-02-28: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.08$32.47$35.28$33.47$32.47
Max Pain$32.84$32.00$33.00$32.00$33.00
ATM IV36.4%21.5%50.9%24.3%50.9%
Expected Move11.4%6.4%14.6%7.0%14.6%
HV 20d18.0%16.1%21.2%19.2%16.2%
HV 60d24.2%22.5%25.8%25.8%22.6%
IV Rank25.7%4.0%46.8%8.1%46.8%
IV Percentile72.5%19.0%96.8%54.0%96.8%
Term Structure-5.2%-13.1%14.5%11.8%-13.1%
VWIV39.6%22.4%50.3%23.8%50.3%
Skew 25d2.0%-0.5%5.0%0.7%5.0%
Skew 10d6.0%-1.7%12.6%3.1%12.6%
Call IV 25d38.9%22.7%48.7%24.0%48.3%
Put IV 25d40.9%23.7%53.3%24.7%53.3%
Bid-Ask Spread %55.3447.8961.9348.4952.96
Gamma HHI0.170.160.210.160.16
Net GEX1.4M850.9K1.9M1.1M850.9K
Net DEX-37.5M-48.7M-25.9M-30.2M-25.9M
Net VEX-268.4K-282.3K-255.4K-259.4K-265.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.0211.9811.980.72
Total Volume791.5262052,1942,194280
Total OI37,549.10535,55740,09737,44137,972

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$33.47$32.0024.3%7.0%19.2%8.1%23.8%0.7%11.8%1.1M-30.2M-259.4K11.9848.49N/AN/A1692,02525,57111,870
2025-02-04$33.57$32.0023.5%6.7%19.2%6.9%24.6%-0.5%12.1%1.3M-32.0M-255.4K0.0655.15N/AN/A5693425,6519,906
2025-02-05$34.05$32.0022.3%6.4%18.9%5.1%22.4%1.0%14.5%1.4M-35.7M-262.1K0.1058.48N/AN/A3393426,0309,918
2025-02-06$34.39$33.0021.5%10.8%18.2%4.0%37.4%1.3%-5.8%1.5M-38.2M-261.3K0.1547.89N/AN/A1,26319326,0879,943
2025-02-07$34.37$33.0022.9%10.8%18.3%6.1%37.7%1.9%-5.7%1.6M-38.5M-264.4K0.0255.38N/AN/A540926,66110,007
2025-02-10$34.55$33.0023.3%11.0%17.4%6.6%38.3%1.9%-5.8%1.7M-40.1M-263.8K0.0256.93N/AN/A487827,06910,016
2025-02-11$34.70$33.0022.8%11.2%17.4%5.9%38.8%2.3%-6.4%1.6M-40.9M-262.3K0.6859.50N/AN/A1228326,74110,019
2025-02-12$34.95$33.0039.6%11.4%17.4%30.5%39.4%1.6%-8.3%1.6M-43.1M-264.6K0.0257.20N/AN/A1,7423826,72010,089
2025-02-13$35.24$33.0039.6%11.3%17.2%30.3%38.8%1.8%-7.0%1.9M-48.2M-282.3K0.1658.06N/AN/A2694228,39110,115
2025-02-14$35.28$33.0039.2%11.2%17.0%29.8%39.4%1.4%-6.7%1.9M-48.7M-275.9K0.1158.58N/AN/A5005428,39510,103
2025-02-18$35.23$33.0041.8%12.0%16.9%33.5%42.1%2.0%-9.3%1.9M-48.0M-278.9K0.2253.45N/AN/A1874228,66110,135
2025-02-19$35.08$33.0041.7%12.0%17.0%33.4%41.3%1.8%-9.5%1.9M-47.1M-276.9K0.1258.05N/AN/A1,56219528,67610,153
2025-02-20$34.69$33.0042.0%12.1%16.7%33.9%42.2%2.1%-8.2%1.9M-44.8M-281.7K0.9260.51N/AN/A32630029,77210,284
2025-02-21$33.62$33.0043.4%12.4%21.0%35.9%42.9%2.0%-7.8%1.1M-34.6M-269.6K0.9661.93N/AN/A27626430,03510,062
2025-02-24$33.47$33.0046.5%13.3%21.2%40.4%45.4%3.2%-9.9%1.0M-31.7M-269.0K0.1453.90N/AN/A1,29517527,0278,672
2025-02-25$33.20$33.0047.1%13.5%19.8%41.3%48.4%3.0%-10.4%1.1M-31.9M-273.5K4.4753.33N/AN/A18080528,2868,798
2025-02-26$32.70$33.0048.6%13.9%16.1%43.4%48.2%2.9%-11.5%923.4K-27.4M-265.5K0.4652.64N/AN/A26612228,2479,543
2025-02-27$32.55$33.0050.1%14.4%16.2%45.6%50.3%2.3%-12.2%886.9K-25.9M-267.9K1.3549.05N/AN/A10414028,2239,585
2025-02-28$32.47$33.0050.9%14.6%16.2%46.8%50.3%5.0%-13.1%850.9K-25.9M-265.3K0.7252.96N/AN/A16311728,2709,702