BRCC Options History — February 2022

In February 2022, BRCC traded between $16.85 and $19.64. ATM implied volatility averaged 207.9%. The 30-day expected move averaged 56.2%. Max pain ranged from $15.00 to $15.00. Net GEX was positive for 4 of 4 trading days. Term structure was in contango for 0 of 4 days. Put/call ratio averaged 0.32.

Notable Days

  • 2022-02-23: Highest Volume — 32,758 contracts
  • 2022-02-25: Largest IV drop — 32.8% change
  • 2022-02-24: Largest Expected Move — 60.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.56$16.85$19.64$19.64$16.85
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV207.9%175.0%270.1%205.1%175.0%
Expected Move56.2%52.8%60.3%58.8%52.8%
Term Structure-11.6%-23.8%-4.3%-23.8%-4.3%
VWIV165.1%124.7%197.5%197.5%171.2%
Skew 25d-21.1%-53.1%5.9%-16.8%-20.4%
Skew 10d-33.5%-52.0%5.9%-50.8%-37.1%
Call IV 25d217.9%185.8%239.0%220.5%185.8%
Put IV 25d196.8%165.4%244.9%203.8%165.4%
Bid-Ask Spread %16.7010.9620.8510.9620.76
Gamma HHI0.260.230.270.270.23
Net GEX500.3K341.7K578.7K542.0K341.7K
Net DEX-27.5M-36.7M-13.5M-36.7M-13.5M
Net VEX-71.5K-81.4K-62.1K-62.1K-81.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.230.500.230.50
Total Volume27,079.7520,96332,75832,75830,175
Total OI64,644.2556,45771,35556,45771,355

Daily Data (4 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-23$19.64$15.00205.1%58.8%0.0%0.0%197.5%-16.8%-23.8%542.0K-36.7M-62.1K0.2310.9626,6566,10236,32220,135
2022-02-24$19.24$15.00270.1%60.3%0.0%0.0%124.7%5.9%-10.9%538.9K-34.1M-70.6K0.3114.2418,6855,73840,00923,997
2022-02-25$18.53$15.00181.5%53.0%0.0%0.0%166.9%-53.1%-7.4%578.7K-25.7M-72.0K0.2420.8516,9733,99039,71027,049
2022-02-28$16.85$15.00175.0%52.8%0.0%0.0%171.2%-20.4%-4.3%341.7K-13.5M-81.4K0.5020.7620,05210,12342,47828,877