BOX Options History — April 2025

In April 2025, BOX traded between $28.16 and $31.54. ATM implied volatility averaged 32.6%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 1.9% (HV 20d: 34.5%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.01.

Notable Days

  • 2025-04-07: Highest Volume — 1,000 contracts
  • 2025-04-04: Largest IV spike — 40.3% change
  • 2025-04-08: Highest IV Rank — 97.5%
  • 2025-04-08: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.27$28.16$31.54$31.21$31.16
Max Pain$31.00$31.00$31.00$31.00$31.00
ATM IV32.6%24.5%56.5%26.4%28.1%
Expected Move8.9%7.0%12.5%7.1%8.1%
HV 20d34.5%22.0%39.5%26.2%38.2%
HV 60d27.6%22.5%29.6%22.5%29.0%
IV Rank35.9%14.8%97.5%19.9%24.2%
IV Percentile74.8%52.4%98.8%72.2%68.7%
Term Structure5.3%-1.6%9.0%-1.6%8.6%
VWIV30.5%24.0%39.8%24.1%27.3%
Skew 25d6.2%3.8%8.8%3.8%4.4%
Skew 10d13.3%5.6%26.9%9.6%15.6%
Call IV 25d28.4%22.6%37.9%24.1%25.7%
Put IV 25d34.6%26.9%46.0%27.9%30.0%
Bid-Ask Spread %65.3956.2077.5557.8957.49
Gamma HHI0.190.160.210.160.19
Net GEX641.3K384.7K989.0K899.9K674.4K
Net DEX-15.2M-22.0M-6.8M-21.2M-19.6M
Net VEX-222.9K-241.3K-203.0K-237.3K-227.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.010.0110.250.660.81
Total Volume383.667541,00015356
Total OI34,994.71432,79136,02234,95534,838

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$31.21$31.0026.4%7.1%26.2%19.9%24.1%3.8%-1.6%899.9K-21.2M-237.3K0.6657.89N/AN/A926127,0817,874
2025-04-02$31.45$31.0025.9%7.2%22.0%18.4%24.0%4.3%6.0%989.0K-22.0M-240.4K0.3858.92N/AN/A2208427,1667,905
2025-04-03$31.11$31.0031.4%8.1%22.0%32.9%35.2%5.0%6.8%940.3K-20.3M-241.3K10.2573.79N/AN/A6364627,3627,942
2025-04-04$29.96$31.0044.1%10.5%25.2%65.6%33.5%7.6%2.6%732.3K-15.3M-231.2K3.4977.55N/AN/A18564527,3797,704
2025-04-07$29.05$31.0050.7%11.6%27.0%82.7%38.0%8.8%1.1%586.4K-11.0M-218.2K9.5356.20N/AN/A9590527,3447,828
2025-04-08$28.16$31.0056.5%12.5%28.3%97.5%39.8%8.1%-0.3%452.3K-6.8M-203.0K6.7356.31N/AN/A9161227,4008,031
2025-04-09$30.30$31.0034.9%10.0%39.5%41.7%34.8%6.0%2.6%751.2K-16.1M-228.8K1.3267.24N/AN/A11114727,4858,378
2025-04-10$29.90$31.0037.9%10.9%38.9%49.5%37.2%8.1%2.8%694.2K-14.1M-229.9K2.4563.27N/AN/A6616227,4868,389
2025-04-11$30.18$31.0035.7%10.2%38.2%43.9%34.5%7.7%3.6%722.8K-15.4M-228.6K0.3757.34N/AN/A411527,5278,478
2025-04-14$30.22$31.0030.7%8.8%38.3%30.9%30.1%7.0%5.3%713.8K-14.2M-220.6K0.3362.44N/AN/A511727,5368,479
2025-04-15$29.89$31.0029.6%8.5%38.4%28.2%29.2%6.5%6.1%547.9K-11.5M-211.2K0.2971.11N/AN/A762227,5548,468
2025-04-16$29.90$31.0031.4%9.0%38.3%32.6%29.5%7.0%6.0%522.0K-11.6M-211.3K0.1468.23N/AN/A2854027,6148,394
2025-04-17$29.69$31.0028.8%8.3%37.7%26.1%30.2%6.6%7.4%384.7K-11.1M-208.8K0.5173.75N/AN/A1527827,6468,362
2025-04-21$29.33$31.0032.3%9.3%37.8%35.1%29.6%6.0%6.1%401.4K-11.0M-205.8K2.1667.27N/AN/A28361225,1047,687
2025-04-22$29.80$31.0028.9%8.3%37.9%26.2%27.2%5.9%6.7%477.0K-11.8M-213.9K0.0567.02N/AN/A5352925,3338,247
2025-04-23$30.36$31.0029.4%8.4%38.6%27.6%27.0%6.3%6.7%496.3K-14.2M-221.5K1.5469.47N/AN/A10716525,5448,247
2025-04-24$30.77$31.0027.5%7.9%38.9%22.6%28.3%5.7%6.8%564.1K-16.9M-226.2K0.4469.76N/AN/A1034525,5668,249
2025-04-25$30.93$31.0024.5%7.0%37.8%14.8%25.8%5.2%9.0%561.1K-16.6M-221.8K0.0168.44N/AN/A7621025,6528,265
2025-04-28$30.81$31.0025.4%7.3%37.1%17.2%26.7%5.3%9.0%607.9K-17.7M-222.6K0.6461.82N/AN/A332126,3958,268
2025-04-29$31.54$31.0025.3%7.2%38.0%16.9%27.6%4.7%9.0%747.4K-21.4M-230.8K0.0867.85N/AN/A3092526,4098,273
2025-04-30$31.16$31.0028.1%8.1%38.2%24.2%27.3%4.4%8.6%674.4K-19.6M-227.4K0.8157.49N/AN/A312526,5628,276