BOX Options History — July 2025

In July 2025, BOX traded between $32.23 and $33.77. ATM implied volatility averaged 22.4%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.1% (HV 20d: 18.3%). Max pain ranged from $33.00 to $36.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.50.

Notable Days

  • 2025-07-11: Highest Volume — 2,977 contracts
  • 2025-07-22: Largest IV drop — 34.5% change
  • 2025-07-21: Highest IV Rank — 20.2%
  • 2025-07-21: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.90$32.23$33.77$33.77$32.23
Max Pain$33.77$33.00$36.00$36.00$34.00
ATM IV22.4%17.6%26.8%21.6%22.9%
Expected Move6.4%5.0%7.7%6.2%6.6%
HV 20d18.3%15.0%19.5%18.8%15.0%
HV 60d37.2%36.2%40.9%40.9%36.3%
IV Rank10.0%0.0%20.2%6.6%13.4%
IV Percentile28.1%0.0%65.9%15.1%39.7%
Term Structure9.1%-0.4%12.4%-0.4%12.1%
VWIV22.4%21.2%23.7%22.9%23.0%
Skew 25d2.6%0.0%4.9%4.9%1.9%
Skew 10d5.4%-0.8%10.7%5.3%9.4%
Call IV 25d21.8%20.3%23.3%20.3%23.3%
Put IV 25d24.4%22.1%25.7%25.3%25.1%
Bid-Ask Spread %74.5063.7587.7167.8872.25
Gamma HHI0.230.180.280.190.26
Net GEX893.6K491.7K1.2M668.5K907.2K
Net DEX-19.0M-27.0M-12.2M-22.7M-12.2M
Net VEX-249.7K-263.9K-233.5K-255.4K-233.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.032.240.180.54
Total Volume951.9552712,977742754
Total OI44,045.541,14948,42841,15745,189

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$33.77$36.0021.6%6.2%18.8%6.6%22.9%4.9%-0.4%668.5K-22.7M-255.4K0.1867.88N/AN/A62811428,69812,459
2025-07-02$32.95$36.0022.1%6.3%19.3%8.0%21.7%2.4%0.8%511.4K-16.9M-255.0K2.0864.97N/AN/A24751329,16612,486
2025-07-03$33.19$33.0022.4%6.6%19.1%8.7%21.2%3.9%7.5%657.6K-20.7M-258.6K0.1580.67N/AN/A1,13817629,33811,811
2025-07-07$33.13$33.0023.8%6.7%18.9%12.4%22.7%2.8%7.7%763.9K-20.9M-253.3K0.2669.93N/AN/A51413330,26911,966
2025-07-08$33.51$33.0022.0%6.5%19.4%7.7%22.9%3.1%8.1%971.6K-23.9M-255.9K0.1377.97N/AN/A6859230,70112,045
2025-07-09$33.77$33.0021.9%6.3%19.5%7.3%21.3%3.9%9.0%1.1M-27.0M-263.9K0.0387.71N/AN/A7702630,94012,048
2025-07-10$33.33$33.0023.2%6.6%17.8%10.7%22.3%3.9%8.6%969.8K-23.5M-257.8K0.6584.22N/AN/A16410731,39112,038
2025-07-11$32.48$33.0022.9%6.6%19.1%10.1%21.6%2.6%9.5%491.7K-16.8M-245.3K0.5176.35N/AN/A1,9771,00031,53011,973
2025-07-14$32.58$33.0022.3%6.4%19.2%8.3%22.0%3.9%9.9%820.8K-18.7M-245.7K0.2576.04N/AN/A1,41535232,41611,558
2025-07-15$32.25$33.0022.6%6.5%19.2%9.3%23.1%2.6%9.6%659.5K-16.3M-237.8K0.1775.86N/AN/A2955133,71011,745
2025-07-16$32.45$33.0023.4%6.7%19.3%11.3%22.4%2.7%9.4%806.4K-18.7M-242.0K2.2475.45N/AN/A8711,94934,21011,597
2025-07-17$32.50$34.0023.5%6.7%19.2%11.6%22.5%2.7%9.5%680.1K-15.9M-251.8K0.2276.98N/AN/A4399734,81013,462
2025-07-18$32.40$34.0022.4%6.4%18.5%8.7%22.4%1.9%10.2%713.5K-14.2M-244.8K0.0668.00N/AN/A5222934,97513,453
2025-07-21$32.80$34.0026.8%7.7%17.6%20.2%22.9%1.1%8.7%1.1M-18.4M-249.0K0.8673.71N/AN/A36431230,59812,227
2025-07-22$33.09$34.0017.6%5.0%18.0%0.0%21.8%1.7%12.0%1.1M-20.8M-252.4K0.6575.19N/AN/A45429730,82012,493
2025-07-23$33.01$34.0022.2%6.4%17.8%11.6%21.7%3.2%10.7%1.1M-19.7M-250.2K0.2173.14N/AN/A3166631,05012,696
2025-07-24$33.02$34.0021.1%6.1%17.7%9.0%22.0%1.6%12.4%1.1M-19.7M-251.3K0.1476.99N/AN/A5768131,17612,742
2025-07-25$33.16$34.0021.5%6.2%17.9%10.0%22.7%0.0%11.6%1.2M-21.1M-255.3K0.2863.75N/AN/A1,18933831,63312,774
2025-07-28$32.89$34.0021.7%6.2%17.5%10.4%23.7%0.8%12.2%1.1M-18.7M-247.9K0.3865.59N/AN/A45817231,88012,820
2025-07-29$32.75$34.0021.8%6.2%17.1%10.5%23.2%2.4%11.6%1.1M-17.5M-246.5K0.4672.21N/AN/A45920932,20212,802
2025-07-30$32.45$34.0022.8%6.5%17.1%13.2%23.1%2.5%10.5%1.0M-13.7M-240.0K0.5684.16N/AN/A38221232,25812,846
2025-07-31$32.23$34.0022.9%6.6%15.0%13.4%23.0%1.9%12.1%907.2K-12.2M-233.5K0.5472.25N/AN/A49126332,35512,834