BOX Options History — March 2025

In March 2025, BOX traded between $30.29 and $33.89. ATM implied volatility averaged 28.7%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 2.4% (HV 20d: 26.3%). Max pain ranged from $31.00 to $34.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.50.

Notable Days

  • 2025-03-04: Highest Volume — 10,207 contracts
  • 2025-03-05: Largest IV drop — 49.5% change
  • 2025-03-04: Highest IV Rank — 56.3%
  • 2025-03-04: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.39$30.29$33.89$32.67$30.93
Max Pain$32.26$31.00$34.00$33.00$31.00
ATM IV28.7%20.3%57.4%55.4%25.3%
Expected Move8.7%6.0%16.5%15.9%7.0%
HV 20d26.3%16.3%29.8%16.3%29.7%
HV 60d21.3%20.2%23.6%22.7%22.4%
IV Rank20.0%4.1%56.3%53.3%16.9%
IV Percentile60.4%6.3%98.4%97.6%64.7%
Term Structure0.5%-16.6%5.3%-16.6%-0.8%
VWIV30.4%21.4%57.1%56.1%24.6%
Skew 25d3.2%1.9%4.6%3.4%3.5%
Skew 10d8.1%3.5%15.3%10.0%10.7%
Call IV 25d26.7%20.4%53.5%53.2%24.7%
Put IV 25d29.9%22.5%58.0%56.5%28.2%
Bid-Ask Spread %58.4736.4572.9443.2868.83
Gamma HHI0.180.150.250.170.17
Net GEX612.2K181.0K1.1M906.6K861.1K
Net DEX-17.3M-33.4M-8.2M-26.8M-18.8M
Net VEX-240.6K-277.5K-213.3K-265.2K-237.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.086.735.630.98
Total Volume1,564.1917810,2072,866178
Total OI41,506.71432,62046,82438,09234,898

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$32.67$33.0055.4%15.9%16.3%53.3%56.1%3.4%-16.6%906.6K-26.8M-265.2K5.6343.28N/AN/A4322,43428,3269,766
2025-03-04$33.89$33.0057.4%16.5%21.0%56.3%57.1%4.4%-16.6%1.0M-33.4M-277.5K0.6640.12N/AN/A6,1504,05728,54011,493
2025-03-05$32.45$33.0029.0%8.3%26.1%14.9%29.5%2.7%3.9%550.0K-19.4M-265.6K0.5949.58N/AN/A3,2981,93132,36314,461
2025-03-06$32.11$33.0030.6%8.8%25.6%17.2%29.8%2.7%3.3%515.1K-18.4M-262.6K0.5758.78N/AN/A48928032,36413,621
2025-03-07$32.30$33.0028.7%8.2%25.4%14.5%28.7%3.1%4.6%568.7K-20.9M-259.0K0.8462.30N/AN/A1,18599432,35813,406
2025-03-10$32.13$33.0034.6%9.9%25.4%41.0%35.9%3.9%2.4%578.5K-19.8M-261.8K6.7366.41N/AN/A2261,52232,77513,020
2025-03-11$31.63$33.0027.9%9.7%25.5%23.8%33.2%4.2%3.2%438.8K-15.3M-252.2K0.5865.08N/AN/A21412432,80412,591
2025-03-12$31.09$33.0027.2%9.2%25.7%22.0%30.8%3.9%3.3%244.1K-10.6M-243.5K0.2566.13N/AN/A41010132,80412,538
2025-03-13$30.38$32.0028.6%9.9%25.9%25.5%33.3%3.6%3.0%181.1K-9.2M-232.2K0.6962.58N/AN/A32222233,09712,050
2025-03-14$31.04$32.0024.9%8.1%27.4%16.0%26.1%3.8%5.1%181.0K-12.6M-240.4K2.6452.92N/AN/A26971033,08411,808
2025-03-17$31.02$32.0025.5%8.7%27.3%17.5%29.8%3.8%4.7%309.7K-12.6M-229.2K0.8036.45N/AN/A49840033,20511,550
2025-03-18$30.84$32.0026.0%8.7%27.2%18.9%28.0%3.4%4.5%379.8K-12.1M-226.9K0.2742.26N/AN/A80122033,64011,657
2025-03-19$30.96$32.0023.9%8.5%27.5%13.4%28.7%4.6%5.3%678.4K-13.0M-225.8K0.7337.89N/AN/A34325134,25411,642
2025-03-20$30.29$0.0022.4%6.8%28.0%9.5%0.0%2.7%1.3%208.2K-8.2M-213.3K0.6466.84N/AN/A1489434,16511,371
2025-03-21$30.38$0.0024.2%6.7%26.6%14.1%22.3%2.1%-0.6%505.6K-13.2M-216.7K0.0864.69N/AN/A1,38111334,29510,142
2025-03-24$30.82$34.0022.0%6.4%27.5%8.5%21.9%2.5%0.2%892.8K-18.7M-219.6K0.8169.96N/AN/A38931726,1656,455
2025-03-25$30.72$31.0020.3%6.0%27.5%4.1%21.4%2.1%0.2%921.0K-18.4M-223.2K1.4272.94N/AN/A27338926,3916,675
2025-03-26$30.86$31.0022.2%6.4%27.3%8.8%21.8%3.0%0.1%917.0K-18.7M-228.9K1.8871.07N/AN/A19336226,6516,985
2025-03-27$31.63$31.0021.7%6.2%29.0%7.6%22.8%1.9%-0.0%1.1M-22.8M-239.2K0.3664.24N/AN/A27810126,7827,228
2025-03-28$30.96$31.0024.9%7.1%29.8%16.0%25.7%2.5%-0.3%939.6K-19.5M-233.2K4.2765.58N/AN/A14260726,9717,250
2025-03-31$30.93$31.0025.3%7.0%29.7%16.9%24.6%3.5%-0.8%861.1K-18.8M-237.2K0.9868.83N/AN/A908827,0787,820