BOX Options History — October 2025

In October 2025, BOX traded between $31.68 and $33.61. ATM implied volatility averaged 24.6%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 9.2% (HV 20d: 15.4%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.59.

Notable Days

2025-10-17: Highest Volume — 4,041 contracts
2025-10-06: Largest IV spike — 18.2% change
2025-10-13: Highest IV Rank — 29.7%
2025-10-10: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.72	$31.68	$33.61	$32.04	$32.15
Max Pain	$32.74	$32.00	$33.00	$32.00	$33.00
ATM IV	24.6%	21.7%	29.4%	23.2%	23.9%
Expected Move	6.8%	6.2%	7.4%	6.7%	6.9%
HV 20d	15.4%	14.0%	19.3%	15.1%	19.3%
HV 60d	18.4%	18.1%	19.1%	18.3%	19.1%
IV Rank	17.5%	10.3%	29.7%	14.2%	15.9%
IV Percentile	46.5%	10.3%	74.6%	39.3%	46.8%
Term Structure	6.9%	-0.2%	11.2%	0.2%	8.4%
VWIV	24.2%	21.7%	28.2%	23.8%	23.9%
Skew 25d	1.5%	-0.5%	3.0%	1.3%	2.8%
Skew 10d	6.1%	-1.5%	15.5%	5.5%	9.7%
Call IV 25d	23.8%	20.9%	26.2%	23.7%	23.5%
Put IV 25d	25.3%	23.8%	28.8%	25.0%	26.3%
Bid-Ask Spread %	71.50	49.56	101.48	49.63	90.23
Gamma HHI	0.18	0.16	0.27	0.16	0.17
Net GEX	2.0M	742.1K	3.3M	1.6M	931.2K
Net DEX	-37.5M	-49.2M	-17.5M	-28.6M	-22.2M
Net VEX	-313.2K	-337.4K	-278.7K	-278.7K	-301.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.05	2.07	1.14	0.05
Total Volume	1,363.609	164	4,041	1,077	644
Total OI	55,688.87	51,556	61,885	51,556	55,301

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$32.04	$32.00	23.2%	6.7%	15.1%	14.2%	23.8%	1.3%	0.2%	1.6M	-28.6M	-278.7K	1.14	49.63	N/A	N/A	504	573	38,939	12,617
2025-10-02	$32.42	$32.00	23.6%	6.8%	14.2%	15.1%	24.1%	-0.5%	-0.0%	1.9M	-34.7M	-290.2K	0.39	61.86	N/A	N/A	1,470	576	39,061	12,743
2025-10-03	$32.25	$32.00	23.6%	6.8%	14.3%	15.0%	22.0%	0.8%	-0.2%	1.8M	-33.2M	-299.4K	0.13	53.10	N/A	N/A	1,553	195	40,108	12,773
2025-10-06	$33.05	$32.00	27.9%	7.3%	16.1%	25.8%	26.1%	1.0%	6.0%	2.6M	-46.3M	-314.5K	0.15	59.72	N/A	N/A	1,486	219	41,254	12,798
2025-10-07	$32.76	$32.00	27.3%	7.2%	16.1%	24.4%	25.8%	1.4%	6.6%	2.6M	-43.7M	-304.8K	0.77	49.56	N/A	N/A	1,211	928	41,715	12,879
2025-10-08	$33.01	$32.00	26.5%	6.9%	14.8%	22.5%	24.0%	1.6%	6.4%	2.8M	-47.4M	-311.3K	0.73	59.10	N/A	N/A	2,072	1,513	41,824	12,965
2025-10-09	$33.11	$33.00	26.7%	7.3%	14.6%	22.8%	25.4%	1.2%	6.5%	3.0M	-49.2M	-319.2K	0.57	60.13	N/A	N/A	433	246	43,250	14,202
2025-10-10	$32.98	$33.00	26.5%	7.4%	14.1%	22.3%	25.7%	0.9%	6.9%	2.9M	-44.7M	-318.7K	0.62	75.42	N/A	N/A	843	523	43,250	14,238
2025-10-13	$32.78	$33.00	29.4%	7.3%	14.0%	29.7%	25.6%	1.4%	6.3%	3.0M	-42.1M	-306.5K	0.16	71.29	N/A	N/A	2,137	351	43,585	14,746
2025-10-14	$32.56	$33.00	27.5%	7.0%	14.1%	25.0%	25.0%	1.0%	6.9%	2.7M	-40.3M	-326.6K	1.11	74.22	N/A	N/A	903	1,005	45,223	14,749
2025-10-15	$32.81	$33.00	25.0%	7.2%	14.2%	18.7%	24.9%	0.5%	6.9%	3.3M	-44.9M	-329.6K	0.46	76.50	N/A	N/A	570	262	45,949	15,570
2025-10-16	$32.45	$33.00	25.8%	7.4%	14.2%	20.5%	26.5%	2.8%	7.1%	2.3M	-37.4M	-319.1K	0.53	77.41	N/A	N/A	509	270	46,141	15,633
2025-10-17	$32.64	$33.00	22.2%	6.4%	14.0%	11.7%	22.2%	2.1%	9.8%	1.3M	-38.1M	-317.1K	1.02	82.10	N/A	N/A	1,997	2,044	46,217	15,668
2025-10-20	$33.08	$33.00	23.7%	6.8%	14.3%	15.3%	23.7%	1.3%	8.8%	1.5M	-36.3M	-329.0K	0.69	75.11	N/A	N/A	1,427	987	38,142	13,816
2025-10-21	$33.45	$33.00	23.9%	6.9%	14.7%	16.0%	22.6%	3.0%	6.9%	1.6M	-43.1M	-333.6K	0.49	63.45	N/A	N/A	348	172	39,235	14,480
2025-10-22	$33.61	$33.00	21.7%	6.2%	14.7%	10.3%	22.1%	3.0%	8.9%	1.8M	-46.0M	-337.4K	0.43	63.00	N/A	N/A	526	228	39,317	14,611
2025-10-23	$33.27	$33.00	22.7%	6.5%	15.1%	13.0%	28.2%	2.3%	8.4%	1.6M	-40.2M	-334.4K	0.91	85.25	N/A	N/A	244	222	39,406	14,947
2025-10-24	$33.31	$33.00	22.8%	6.5%	15.1%	13.2%	22.2%	2.3%	7.6%	1.6M	-40.9M	-322.0K	0.13	80.96	N/A	N/A	261	35	39,396	15,147
2025-10-27	$32.75	$33.00	22.0%	6.3%	16.4%	11.1%	21.7%	1.2%	9.2%	1.4M	-34.7M	-313.8K	0.15	65.45	N/A	N/A	142	22	39,402	15,156
2025-10-28	$32.61	$33.00	22.7%	6.5%	16.1%	12.8%	23.2%	2.4%	9.1%	1.3M	-33.2M	-317.9K	0.53	71.93	N/A	N/A	114	60	39,404	15,172
2025-10-29	$31.68	$33.00	24.2%	6.9%	19.2%	16.6%	25.4%	-0.3%	9.7%	843.0K	-17.5M	-286.7K	2.07	101.48	N/A	N/A	441	911	39,378	15,145
2025-10-30	$31.73	$33.00	22.2%	6.4%	18.7%	11.5%	22.1%	1.9%	11.2%	742.1K	-18.2M	-291.9K	0.28	97.55	N/A	N/A	145	41	39,618	15,674
2025-10-31	$32.15	$33.00	23.9%	6.9%	19.3%	15.9%	23.9%	2.8%	8.4%	931.2K	-22.2M	-301.4K	0.05	90.23	N/A	N/A	612	32	39,617	15,684