BOX Options History — December 2025

In December 2025, BOX traded between $29.40 and $32.28. ATM implied volatility averaged 28.2%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 6.7% (HV 20d: 35.0%). Max pain ranged from $30.00 to $33.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.31.

Notable Days

  • 2025-12-03: Highest Volume — 18,187 contracts
  • 2025-12-03: Largest IV drop — 52.9% change
  • 2025-12-01: Highest IV Rank — 100.0%
  • 2025-12-02: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.44$29.40$32.28$29.40$29.97
Max Pain$30.23$30.00$33.00$33.00$30.00
ATM IV28.2%21.5%61.6%59.4%22.8%
Expected Move8.0%6.2%17.7%17.0%6.5%
HV 20d35.0%28.2%39.5%28.2%30.3%
HV 60d25.8%21.2%26.6%21.2%26.2%
IV Rank24.5%8.9%100.0%100.0%12.0%
IV Percentile55.0%7.5%100.0%100.0%31.0%
Term Structure1.2%-19.7%5.8%-19.7%2.1%
VWIV28.6%21.6%63.3%59.1%23.5%
Skew 25d2.6%-0.9%8.7%8.7%-0.9%
Skew 10d8.7%0.3%19.6%19.6%1.7%
Call IV 25d27.7%22.7%60.9%54.9%24.3%
Put IV 25d30.3%23.4%66.8%63.7%23.4%
Bid-Ask Spread %80.5547.1791.5964.4080.21
Gamma HHI0.140.110.190.130.13
Net GEX716.5K-31.4K2.1M29.8K424.9K
Net DEX-15.7M-37.9M-4.6M-4.6M-12.9M
Net VEX-182.1K-242.5K-145.7K-221.5K-145.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.037.700.430.32
Total Volume1,9953818,1872,025120
Total OI58,708.86439,86570,42355,79640,110

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$29.40$33.0059.4%17.0%28.2%100.0%59.1%8.7%-19.7%29.8K-4.6M-221.5K0.4364.40N/AN/A1,41461133,54222,254
2025-12-02$30.18$32.0061.6%17.7%30.2%100.0%63.3%5.9%-18.7%257.5K-8.9M-228.3K0.4647.17N/AN/A9,0354,12534,10422,746
2025-12-03$32.28$30.0029.0%8.3%38.7%26.1%29.6%2.7%-2.8%2.0M-37.9M-242.5K0.2857.00N/AN/A14,2143,97341,32825,936
2025-12-04$31.70$30.0026.3%7.3%39.2%19.9%25.9%3.1%4.5%2.1M-32.8M-240.8K0.3079.18N/AN/A99029443,75126,672
2025-12-05$31.50$30.0026.8%7.5%39.3%21.1%24.9%2.6%4.7%1.9M-29.6M-229.2K0.7984.84N/AN/A45235943,63326,596
2025-12-08$31.22$30.0028.1%7.3%39.4%24.0%24.8%2.5%5.8%1.6M-25.8M-217.3K0.1984.90N/AN/A1,14521643,53726,397
2025-12-09$31.14$30.0028.3%7.5%38.5%24.5%25.9%2.2%4.0%1.7M-26.1M-212.8K0.3183.16N/AN/A3019243,90526,383
2025-12-10$30.42$30.0027.9%8.0%39.2%23.4%30.7%3.6%3.9%755.1K-11.7M-183.4K7.7085.25N/AN/A12697042,58026,380
2025-12-11$30.32$30.0026.9%7.7%39.2%21.3%26.3%1.7%3.9%506.3K-11.3M-183.1K1.2783.30N/AN/A17722442,53926,518
2025-12-12$30.26$30.0025.6%7.3%39.2%18.2%26.9%3.1%5.8%361.0K-10.9M-172.5K4.4585.17N/AN/A8638342,55625,898
2025-12-15$29.72$30.0024.6%7.0%39.5%15.9%26.5%2.3%4.0%-31.4K-4.9M-162.8K3.7277.80N/AN/A18769642,59026,036
2025-12-16$30.13$30.0024.5%7.0%37.8%15.8%25.4%3.4%5.5%200.7K-8.7M-162.6K0.5278.59N/AN/A1829542,66825,751
2025-12-17$30.27$30.0025.4%7.3%35.3%17.7%27.6%2.7%5.3%264.2K-10.7M-164.8K1.6079.60N/AN/A10617042,75925,718
2025-12-18$30.15$30.0024.2%6.9%34.4%15.0%25.8%3.3%3.9%97.2K-9.3M-159.3K0.7582.34N/AN/A63047143,06726,120
2025-12-19$30.39$30.0023.3%6.7%34.4%13.0%21.6%2.3%3.2%458.7K-14.7M-161.8K0.9189.14N/AN/A21019243,46826,144
2025-12-22$30.19$30.0023.9%6.9%30.8%14.4%23.6%0.5%1.9%619.5K-15.4M-157.2K0.5683.93N/AN/A22212529,00810,865
2025-12-23$29.80$30.0021.5%6.2%31.1%8.9%24.2%1.6%2.8%480.4K-12.1M-151.1K3.4087.11N/AN/A16154729,06110,804
2025-12-24$29.72$30.0021.8%6.2%31.1%9.6%23.1%1.2%2.1%399.9K-12.1M-155.7K0.5188.20N/AN/A432229,09710,927
2025-12-26$30.08$30.0022.9%6.6%31.1%12.2%23.0%1.4%1.4%465.2K-12.9M-149.0K0.0591.59N/AN/A2081129,10310,926
2025-12-29$30.51$30.0022.9%6.6%31.5%12.2%24.0%2.5%2.2%663.4K-16.2M-154.3K0.2889.71N/AN/A2095829,10610,917
2025-12-30$30.38$30.0023.7%6.8%31.3%14.0%23.1%1.7%0.5%589.4K-15.9M-150.7K0.0389.60N/AN/A37129,13710,958
2025-12-31$29.97$30.0022.8%6.5%30.3%12.0%23.5%-0.9%2.1%424.9K-12.9M-145.7K0.3280.21N/AN/A912929,15110,959