BOX Options History — November 2025

In November 2025, BOX traded between $29.04 and $32.17. ATM implied volatility averaged 36.8%, placing in the 48.2% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 14.4% (HV 20d: 22.4%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 4.51.

Notable Days

  • 2025-11-18: Highest Volume — 5,364 contracts
  • 2025-11-12: Largest IV spike — 51.2% change
  • 2025-11-28: Highest IV Rank — 94.7%
  • 2025-11-28: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.85$29.04$32.17$32.05$29.69
Max Pain$33.00$33.00$33.00$33.00$33.00
ATM IV36.8%23.0%55.3%23.6%55.3%
Expected Move11.2%6.7%15.9%6.8%15.9%
HV 20d22.4%17.0%30.4%17.0%28.8%
HV 60d19.7%18.1%21.7%19.1%21.2%
IV Rank48.2%13.7%94.7%15.1%94.7%
IV Percentile74.1%35.3%98.0%42.5%98.0%
Term Structure-4.7%-15.3%9.8%9.8%-15.3%
VWIV40.3%23.5%58.2%23.6%53.9%
Skew 25d4.4%1.7%10.3%2.0%7.2%
Skew 10d7.5%-1.0%19.6%8.4%19.6%
Call IV 25d37.8%22.4%52.4%23.0%52.4%
Put IV 25d42.3%25.0%59.6%25.0%59.6%
Bid-Ask Spread %71.2060.2092.1192.1178.17
Gamma HHI0.170.130.220.170.13
Net GEX319.3K-243.8K914.7K914.7K22.2K
Net DEX-9.6M-21.5M11.4M-21.5M-5.0M
Net VEX-250.2K-290.1K-213.5K-290.1K-228.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.510.0145.340.800.32
Total Volume1,407.263725,36472279
Total OI59,216.21151,04265,75555,76655,594

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$32.05$33.0023.6%6.8%17.0%15.1%23.6%2.0%9.8%914.7K-21.5M-290.1K0.8092.11N/AN/A403240,08815,678
2025-11-04$31.56$33.0023.4%6.7%17.5%14.5%25.0%2.9%9.0%602.1K-13.8M-273.6K0.0566.85N/AN/A4492140,10815,676
2025-11-05$31.32$33.0026.5%7.6%17.2%22.3%23.5%5.7%8.8%492.7K-11.5M-263.2K0.2460.20N/AN/A3488339,92115,672
2025-11-06$31.17$33.0023.5%9.9%17.1%15.0%33.9%2.2%-3.4%419.2K-10.5M-261.4K2.1370.82N/AN/A5211140,14715,740
2025-11-07$31.32$33.0023.9%9.9%17.3%15.9%34.2%3.2%-3.6%297.2K-10.0M-266.1K0.0771.15N/AN/A1931440,16219,723
2025-11-10$32.02$33.0024.8%9.9%19.3%18.1%35.1%3.9%-2.8%586.3K-18.7M-271.6K45.3473.13N/AN/A562,53940,16419,733
2025-11-11$32.17$33.0023.0%9.9%19.3%13.7%36.1%1.7%-3.8%558.9K-21.0M-281.6K0.0374.99N/AN/A319940,18022,174
2025-11-12$32.09$33.0034.8%10.0%19.1%43.2%36.8%1.8%-3.8%519.9K-19.6M-274.1K0.0174.93N/AN/A2,8582140,12222,167
2025-11-13$31.91$33.0038.0%10.9%18.8%51.3%38.0%1.9%-6.0%267.7K-17.1M-268.2K0.0372.63N/AN/A1,2233739,24022,179
2025-11-14$32.01$33.0038.5%11.0%18.7%52.6%38.4%2.7%-5.8%499.2K-17.6M-263.7K0.9171.82N/AN/A1,2481,13240,23722,204
2025-11-17$30.82$33.0038.8%11.1%22.0%53.3%38.7%3.2%-7.0%215.2K-1.7M-245.2K0.0468.07N/AN/A1,9897541,10323,204
2025-11-18$29.70$33.0038.8%11.1%24.3%53.3%47.9%2.9%-6.7%214.1K8.6M-221.7K2.7970.61N/AN/A1,4163,94841,88422,447
2025-11-19$29.07$33.0044.6%12.8%24.6%67.9%44.1%6.3%-9.2%-125.1K11.4M-213.5K0.3270.63N/AN/A2718742,34223,413
2025-11-20$29.04$33.0046.3%13.3%24.6%72.1%47.7%5.9%-5.8%-75.7K4.3M-216.5K0.4468.25N/AN/A70831342,42820,904
2025-11-21$30.34$33.0045.0%12.9%30.4%68.8%44.5%4.3%-8.9%-243.8K-9.8M-229.1K0.1663.88N/AN/A3064942,47319,450
2025-11-24$30.18$33.0047.7%13.7%30.1%75.6%49.9%10.3%-10.0%406.8K-9.9M-217.7K4.0774.48N/AN/A4161,69433,05517,987
2025-11-25$30.05$33.0051.1%14.7%30.1%84.2%58.2%7.2%-13.6%371.9K-10.9M-231.3K25.4664.81N/AN/A1393,53933,22119,141
2025-11-26$29.69$33.0051.3%14.7%28.8%84.5%55.6%8.6%-11.2%123.6K-8.5M-236.2K2.4065.29N/AN/A21351133,19221,955
2025-11-28$29.69$33.0055.3%15.9%28.8%94.7%53.9%7.2%-15.3%22.2K-5.0M-228.3K0.3278.17N/AN/A2126733,36122,233