BOX Options History — August 2025

In August 2025, BOX traded between $31.05 and $32.80. ATM implied volatility averaged 33.0%, placing in the 38.7% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 14.9% (HV 20d: 18.1%). Max pain ranged from $32.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2025-08-26: Highest Volume — 18,372 contracts
  • 2025-08-27: Largest IV drop — 53.7% change
  • 2025-08-26: Highest IV Rank — 85.4%
  • 2025-08-26: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.68$31.05$32.80$31.61$32.61
Max Pain$34.00$32.00$35.00$34.00$32.00
ATM IV33.0%22.2%51.6%24.4%22.2%
Expected Move10.6%6.4%14.8%7.0%6.4%
HV 20d18.1%13.9%23.9%16.0%22.8%
HV 60d31.7%18.4%36.9%36.5%20.0%
IV Rank38.7%11.7%85.4%17.1%11.7%
IV Percentile68.8%26.2%98.0%50.4%26.2%
Term Structure-4.9%-12.2%11.8%11.8%-0.2%
VWIV36.9%23.1%52.8%24.4%23.5%
Skew 25d4.1%0.5%6.2%3.3%1.5%
Skew 10d8.8%-2.3%21.6%-2.3%1.0%
Call IV 25d36.1%22.7%52.5%23.8%22.7%
Put IV 25d40.1%24.2%54.3%27.1%24.2%
Bid-Ask Spread %53.1319.9786.3486.3438.58
Gamma HHI0.190.150.270.270.15
Net GEX1.0M624.9K2.8M778.3K2.5M
Net DEX-13.3M-38.7M-3.2M-7.6M-33.9M
Net VEX-224.4K-251.9K-210.0K-225.2K-241.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.092.110.330.43
Total Volume2,653.85718418,3721,075934
Total OI48,359.85741,07660,83745,60460,201

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$31.61$34.0024.4%7.0%16.0%17.1%24.4%3.3%11.8%778.3K-7.6M-225.2K0.3386.34N/AN/A80726832,80512,799
2025-08-04$31.95$35.0024.7%10.3%16.6%18.0%36.0%5.4%-4.2%810.4K-9.3M-231.1K0.4056.72N/AN/A41016333,10713,747
2025-08-05$31.56$35.0024.3%10.4%16.3%16.9%35.1%4.4%-4.3%730.7K-6.8M-227.9K0.4457.15N/AN/A1667333,08813,816
2025-08-06$31.95$35.0023.7%10.6%16.7%15.3%36.1%5.4%-4.8%790.6K-8.4M-230.2K0.3360.39N/AN/A1384633,44413,867
2025-08-07$31.74$35.0025.4%10.6%16.4%19.6%35.9%5.0%-5.1%763.7K-7.4M-224.0K0.1162.66N/AN/A6066633,50813,861
2025-08-08$31.80$35.0023.7%10.6%13.9%15.4%38.1%3.8%-5.2%844.9K-8.1M-224.5K0.1157.02N/AN/A7778533,94613,886
2025-08-11$31.14$35.0028.4%11.1%15.5%27.3%37.7%4.3%-5.7%624.9K-3.2M-213.8K0.2258.23N/AN/A94620934,34513,898
2025-08-12$31.14$35.0026.0%11.1%15.2%21.3%38.7%4.6%-6.0%630.5K-3.5M-214.2K0.2454.02N/AN/A43210534,75313,997
2025-08-13$31.68$35.0038.2%11.0%16.4%51.8%38.4%5.6%-5.8%807.3K-7.7M-218.4K0.1961.46N/AN/A90117134,90113,940
2025-08-14$31.05$35.0039.4%11.3%17.7%54.9%38.4%3.1%-6.0%676.1K-3.5M-210.0K2.1153.52N/AN/A33470435,09114,054
2025-08-15$31.52$34.0039.3%11.3%18.7%54.5%38.4%5.3%-6.0%676.3K-6.6M-213.9K0.3457.17N/AN/A68423135,21013,908
2025-08-18$31.58$34.0040.8%11.7%18.0%58.2%40.2%5.2%-7.0%724.2K-13.7M-212.9K0.1062.67N/AN/A1,03410629,38011,696
2025-08-19$31.55$34.0040.4%11.6%17.6%57.2%39.3%6.1%-6.3%750.6K-13.4M-211.9K0.1058.10N/AN/A1,14411030,02511,731
2025-08-20$31.61$34.0041.8%12.0%17.7%60.7%42.1%6.2%-8.3%771.3K-14.4M-214.5K0.3057.52N/AN/A2,73680830,40311,762
2025-08-21$31.20$34.0043.4%12.4%18.1%64.8%42.1%5.4%-8.8%792.0K-12.6M-215.6K0.0951.03N/AN/A1,27911532,34911,817
2025-08-22$31.77$33.0042.8%12.3%19.4%63.4%43.9%3.8%-8.5%991.6K-18.1M-229.1K0.4051.89N/AN/A44617733,40111,904
2025-08-25$31.43$33.0046.4%13.3%19.5%72.4%46.3%3.5%-10.2%920.8K-15.4M-223.5K0.7346.77N/AN/A2,4451,77733,59912,046
2025-08-26$31.23$33.0051.6%14.8%19.6%85.4%52.8%1.8%-12.2%996.2K-18.7M-236.7K0.3634.79N/AN/A13,4654,90735,64212,750
2025-08-27$32.36$32.0023.9%6.8%23.5%15.8%25.1%0.5%0.2%2.2M-28.1M-242.1K0.3119.97N/AN/A10,2763,23445,06514,978
2025-08-28$32.80$32.0022.3%6.4%23.9%11.8%23.1%1.7%0.1%2.8M-38.7M-251.9K0.2529.83N/AN/A1,93747946,56814,269
2025-08-29$32.61$32.0022.2%6.4%22.8%11.7%23.5%1.5%-0.2%2.5M-33.9M-241.5K0.4338.58N/AN/A65128345,98214,219