BOX Options History — February 2026

In February 2026, BOX traded between $21.80 and $25.77. ATM implied volatility averaged 46.0%, placing in the 64.5% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 8.9% (HV 20d: 37.1%). Max pain ranged from $25.00 to $28.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.71.

Notable Days

  • 2026-02-19: Highest Volume — 1,646 contracts
  • 2026-02-11: Largest IV spike — 46.3% change
  • 2026-02-27: Highest IV Rank — 93.7%
  • 2026-02-27: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.58$21.80$25.77$25.77$23.39
Max Pain$26.32$25.00$28.00$28.00$25.00
ATM IV46.0%29.6%58.8%30.3%58.8%
Expected Move13.9%8.7%16.9%8.7%16.9%
HV 20d37.1%33.7%43.9%33.7%42.4%
HV 60d34.3%31.9%36.5%31.9%36.5%
IV Rank64.5%27.3%93.7%28.9%93.7%
IV Percentile89.8%71.4%99.2%75.4%99.2%
Term Structure-6.3%-14.5%11.8%11.8%-14.5%
VWIV49.0%32.3%59.4%32.3%59.4%
Skew 25d2.6%-2.9%5.9%2.8%3.2%
Skew 10d7.8%1.1%17.5%8.1%3.8%
Call IV 25d48.3%30.8%59.9%30.8%59.9%
Put IV 25d51.0%31.4%63.1%33.6%63.1%
Bid-Ask Spread %71.4262.7590.3184.5370.79
Gamma HHI0.160.120.200.160.12
Net GEX141.2K80.3K219.7K181.9K216.4K
Net DEX-806.9K-4.3M1.5M-2.8M-3.6M
Net VEX-78.4K-93.6K-64.2K-93.6K-87.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.162.870.160.38
Total Volume533.7372411,646267416
Total OI21,192.68419,82523,42819,92921,407

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$25.77$28.0030.3%8.7%33.7%28.9%32.3%2.8%11.8%181.9K-2.8M-93.6K0.1684.53N/AN/A2313616,6063,323
2026-02-03$24.29$27.0034.9%10.0%38.7%39.4%34.4%-2.9%7.4%109.4K-331.3K-78.7K0.2688.14N/AN/A41710916,8113,318
2026-02-04$24.75$27.0037.0%10.6%39.2%44.2%37.1%3.8%7.3%164.3K-2.0M-84.9K2.8790.31N/AN/A12034417,0513,299
2026-02-05$24.45$28.0037.9%13.2%35.4%46.2%46.1%2.6%-5.8%118.7K-987.3K-83.4K0.3768.17N/AN/A2469117,1393,604
2026-02-06$24.62$28.0033.9%13.0%35.7%37.2%45.9%2.3%-6.8%124.0K-1.1M-83.7K0.6465.33N/AN/A1549917,3623,603
2026-02-09$24.56$27.0029.6%12.5%35.3%27.3%45.2%3.2%-6.4%117.5K-1.6M-88.7K1.7270.52N/AN/A20034317,4793,617
2026-02-10$24.48$27.0032.8%12.7%35.3%34.7%45.1%2.1%-4.7%109.1K-1.5M-89.0K1.2866.17N/AN/A11815117,5813,682
2026-02-11$23.38$27.0048.0%13.8%36.0%69.2%46.6%2.1%-9.4%80.3K912.0K-75.3K0.4268.56N/AN/A37716017,6273,753
2026-02-12$22.84$27.0049.6%14.2%34.7%72.8%49.8%2.9%-8.2%95.8K1.5M-72.8K0.2671.39N/AN/A40510617,9303,897
2026-02-13$23.16$27.0049.0%14.0%35.2%71.3%49.5%2.1%-8.7%99.3K683.0K-73.7K0.6869.41N/AN/A1459918,1043,702
2026-02-17$22.66$26.0052.2%15.0%35.1%78.7%52.4%3.5%-12.7%112.6K1.4M-64.2K0.4368.67N/AN/A35515218,1913,692
2026-02-18$22.85$26.0052.4%15.0%35.5%79.2%52.2%-0.8%-12.3%116.3K1.4M-70.0K0.6370.98N/AN/A32920618,3533,796
2026-02-19$22.65$25.0049.0%14.1%35.4%71.5%54.0%5.2%-5.0%148.2K1.4M-66.3K1.4872.41N/AN/A66398318,6673,829
2026-02-20$22.81$25.0051.3%14.7%34.6%76.7%51.1%3.2%-8.9%202.1K393.9K-73.0K0.3369.50N/AN/A1816019,3084,120
2026-02-23$21.80$25.0056.3%16.1%37.0%87.9%56.9%3.5%-10.5%118.1K-330.2K-64.3K0.2664.43N/AN/A67717716,5963,229
2026-02-24$22.75$25.0056.0%16.1%40.3%87.4%56.7%1.7%-11.3%175.1K-2.3M-76.3K0.3562.75N/AN/A60921516,9983,297
2026-02-25$22.96$25.0057.7%16.5%40.6%91.2%58.2%3.7%-11.6%175.0K-2.2M-75.0K0.4564.31N/AN/A31414017,2213,478
2026-02-26$23.89$25.0056.5%16.2%43.9%88.4%58.3%5.9%-9.6%219.7K-4.3M-89.2K0.5770.66N/AN/A45326017,3903,601
2026-02-27$23.39$25.0058.8%16.9%42.4%93.7%59.4%3.2%-14.5%216.4K-3.6M-87.1K0.3870.79N/AN/A30211417,6893,718