BOX Options History — May 2025

In May 2025, BOX traded between $30.86 and $37.78. ATM implied volatility averaged 31.3%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 4.0% (HV 20d: 27.3%). Max pain ranged from $31.00 to $32.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.17.

Notable Days

  • 2025-05-28: Highest Volume — 24,245 contracts
  • 2025-05-14: Largest IV spike — 43.0% change
  • 2025-05-27: Highest IV Rank — 69.1%
  • 2025-05-27: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.33$30.86$37.78$31.25$37.78
Max Pain$31.10$31.00$32.00$31.00$32.00
ATM IV31.3%22.6%45.5%26.0%22.6%
Expected Move9.9%6.5%13.0%7.4%6.5%
HV 20d27.3%17.3%56.1%38.1%55.7%
HV 60d30.8%28.8%42.5%29.0%41.0%
IV Rank32.6%10.1%69.1%18.7%10.1%
IV Percentile68.7%33.3%93.3%62.3%33.3%
Term Structure-2.6%-7.8%10.3%9.4%-0.9%
VWIV34.6%22.7%44.6%25.2%22.7%
Skew 25d5.0%0.4%7.0%4.6%1.4%
Skew 10d10.7%0.7%16.2%13.1%0.7%
Call IV 25d32.3%22.0%42.6%24.0%22.0%
Put IV 25d37.4%23.3%48.3%28.6%23.3%
Bid-Ask Spread %53.0915.8463.2263.2257.24
Gamma HHI0.190.180.220.190.20
Net GEX1.1M592.3K2.9M680.7K2.9M
Net DEX-28.3M-73.0M-17.7M-18.9M-73.0M
Net VEX-223.2K-254.6K-211.1K-227.8K-250.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.087.840.450.51
Total Volume2,152.3331624,245165,643
Total OI36,414.04833,95647,34834,84347,348

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$31.25$31.0026.0%7.4%38.1%18.7%25.2%4.6%9.4%680.7K-18.9M-227.8K0.4563.22N/AN/A11526,5608,283
2025-05-02$31.23$31.0025.1%7.2%37.9%16.4%24.7%4.3%10.3%711.8K-19.7M-227.2K0.6362.77N/AN/A412626,5688,281
2025-05-05$31.18$31.0025.0%10.2%35.2%16.1%36.2%5.7%-2.5%700.5K-19.6M-224.1K0.8554.95N/AN/A201726,5778,285
2025-05-06$30.86$31.0025.6%10.2%33.3%17.6%36.2%6.1%-2.4%592.3K-17.9M-219.9K0.4354.98N/AN/A984226,5828,290
2025-05-07$30.94$31.0026.8%10.2%30.8%20.8%35.4%5.1%-2.0%649.8K-17.7M-218.0K1.2361.33N/AN/A313826,6178,294
2025-05-08$31.51$31.0025.5%10.0%18.1%17.4%36.4%6.1%-2.0%743.8K-21.0M-222.4K1.0857.23N/AN/A9710526,6308,301
2025-05-09$31.39$31.0025.2%10.3%17.4%16.7%35.7%6.4%-3.1%722.1K-20.1M-219.3K0.9056.21N/AN/A302726,6448,308
2025-05-12$31.85$31.0024.9%10.3%17.8%16.0%34.4%5.8%-3.4%836.6K-23.0M-219.9K0.5453.61N/AN/A21111326,6458,330
2025-05-13$31.84$31.0025.4%10.2%17.8%17.3%35.4%6.2%-3.6%874.4K-23.2M-218.3K0.4756.32N/AN/A1225726,7788,303
2025-05-14$31.56$31.0036.3%10.4%17.6%45.5%37.0%6.0%-4.5%793.6K-21.9M-218.6K7.8455.63N/AN/A3225126,8568,324
2025-05-15$32.23$31.0037.1%10.6%18.7%47.4%38.6%5.9%-4.1%1.0M-25.7M-220.5K0.2756.47N/AN/A69618726,8678,297
2025-05-16$32.22$31.0036.9%10.6%18.3%47.0%35.6%7.0%-5.2%1.1M-26.2M-222.0K0.0862.64N/AN/A1911627,2578,326
2025-05-19$32.02$31.0038.7%11.1%17.7%51.6%37.5%5.7%-5.6%878.2K-22.4M-216.3K0.0860.90N/AN/A2141826,4947,462
2025-05-20$31.97$31.0038.6%11.1%17.3%51.3%40.9%5.4%-6.0%850.2K-23.3M-217.0K1.7958.58N/AN/A346126,5937,473
2025-05-21$31.45$31.0039.9%11.4%17.7%54.7%37.1%6.2%-6.2%782.0K-21.0M-211.8K0.2049.35N/AN/A1553126,6157,533
2025-05-22$31.30$31.0040.3%11.5%17.3%55.6%39.8%5.1%-5.9%756.1K-20.1M-211.2K5.5854.23N/AN/A7843526,7257,560
2025-05-23$31.12$31.0041.8%12.0%17.4%59.5%40.8%6.0%-7.0%731.6K-19.0M-211.1K0.2156.12N/AN/A4259126,7927,628
2025-05-27$31.50$31.0045.5%13.0%17.8%69.1%44.6%5.7%-7.8%828.5K-20.9M-212.1K0.4121.09N/AN/A5,5862,29527,0467,696
2025-05-28$36.66$31.0027.2%7.8%56.1%22.0%27.9%0.4%-1.7%2.6M-71.4M-244.0K0.2515.84N/AN/A19,3994,84634,04111,062
2025-05-29$37.16$32.0023.8%6.8%55.7%13.2%25.0%0.9%-0.9%2.6M-68.0M-254.6K0.6946.16N/AN/A2,0231,40134,19312,231
2025-05-30$37.78$32.0022.6%6.5%55.7%10.1%22.7%1.4%-0.9%2.9M-73.0M-250.1K0.5157.24N/AN/A3,7451,89834,43212,916