BRCC Options History — April 2022

In April 2022, BRCC traded between $14.98 and $32.18. ATM implied volatility averaged 149.0%. The 30-day expected move averaged 41.2%. IV traded below realized volatility by 2.6% (HV 20d: 151.6%). Max pain ranged from $18.00 to $25.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2022-04-04: Highest Volume — 122,866 contracts
  • 2022-04-04: Largest IV spike — 60.8% change
  • 2022-04-12: Largest Expected Move — 46.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.15$14.98$32.18$21.79$15.05
Max Pain$21.75$18.00$25.00$18.00$20.00
ATM IV149.0%117.4%188.8%117.4%125.8%
Expected Move41.2%27.6%46.0%27.6%39.0%
HV 20d151.6%68.2%187.7%68.2%186.3%
HV 60d134.4%133.6%135.1%135.1%133.6%
Term Structure-5.6%-13.0%3.8%3.8%-10.0%
VWIV139.5%96.7%149.6%96.7%135.1%
Skew 25d10.3%-20.4%113.7%46.6%7.4%
Skew 10d-15.0%-92.9%132.3%28.2%-23.2%
Call IV 25d148.1%110.6%176.0%110.6%126.3%
Put IV 25d158.4%133.8%229.6%157.2%133.8%
Bid-Ask Spread %43.5624.8863.5760.7163.57
Gamma HHI0.180.110.600.200.60
Net GEX252.6K-1.3M1.6M1.6M-1.3M
Net DEX-13.6M-102.9M59.0M-76.9M31.1M
Net VEX-124.4K-164.7K-51.5K-95.7K-124.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.131.120.130.75
Total Volume56,7404,201122,86649,66519,223
Total OI126,107.0568,784164,998108,418134,600

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$21.79$18.00117.4%27.6%68.2%0.0%96.7%46.6%3.8%1.6M-76.9M-95.7K0.1360.7143,8265,83963,93044,488
2022-04-04$28.83$18.00188.8%42.1%109.0%0.0%141.8%113.7%-11.3%643.9K-91.9M-51.5K0.4635.5984,17038,69638,48530,299
2022-04-05$24.73$20.00164.1%38.4%122.7%0.0%135.1%13.3%-1.4%803.0K-57.9M-110.9K0.3440.0551,46117,65757,70854,813
2022-04-06$26.05$20.00151.6%42.2%123.0%0.0%143.0%23.6%-8.9%1.1M-78.6M-110.3K0.2133.3056,02311,66363,97062,051
2022-04-07$28.28$21.00162.4%43.3%124.1%0.0%149.6%3.0%-8.2%1.2M-95.8M-95.0K0.1829.8864,31911,71557,51267,139
2022-04-08$29.61$25.00163.5%42.5%123.9%0.0%130.3%-1.0%-9.4%1.1M-102.9M-118.9K0.2035.2562,59912,40762,47773,025
2022-04-11$32.18$25.00160.2%44.4%124.2%0.0%143.9%2.0%0.1%1.2M-101.9M-106.7K0.4924.8881,86040,36448,60056,237
2022-04-12$29.94$25.00156.5%46.0%128.3%0.0%148.0%-20.4%-13.0%863.7K-59.6M-153.7K0.2028.4482,83316,47263,40577,567
2022-04-13$26.15$25.00155.7%43.6%140.9%0.0%139.8%-9.6%-10.4%61.8K23.5M-160.4K0.2238.3157,66112,89470,20985,565
2022-04-14$22.86$25.00153.9%42.9%151.5%0.0%139.1%1.5%-6.8%-345.6K59.0M-144.9K0.2638.7145,40311,77575,57689,422
2022-04-18$23.07$25.00153.0%43.1%151.0%0.0%147.3%7.7%-8.7%55.9K-2.5M-164.7K0.4839.3631,80115,40754,63739,878
2022-04-19$17.48$25.00150.2%42.4%183.5%0.0%139.0%7.0%-0.6%-310.5K41.9M-122.3K1.1240.9028,45231,79160,40050,216
2022-04-20$18.70$21.00145.1%41.6%184.3%0.0%143.5%-8.1%-4.8%-392.0K35.6M-145.9K0.7842.9530,10823,47569,08963,232
2022-04-21$18.15$21.00142.5%41.3%183.5%0.0%145.7%-2.9%-8.9%-343.1K44.5M-153.4K0.6341.8813,9368,83381,38973,140
2022-04-22$18.03$21.00145.8%42.6%182.2%0.0%146.3%-1.1%-5.8%-328.2K53.3M-143.7K0.8649.0615,78913,60885,27076,137
2022-04-25$16.18$20.00141.3%41.7%185.1%0.0%140.3%2.8%3.7%-163.3K21.4M-117.8K0.6151.9224,89215,15562,73445,074
2022-04-26$15.11$20.00139.4%40.7%186.2%0.0%142.5%5.6%-2.3%-139.1K29.4M-115.1K0.6653.9815,95810,51472,84149,974
2022-04-27$15.78$20.00132.9%39.8%187.2%0.0%143.0%3.2%-4.8%-89.2K25.1M-132.0K0.5760.692,6681,53377,76651,775
2022-04-28$14.98$20.00130.2%38.6%187.7%0.0%139.3%11.3%-3.9%-223.8K31.8M-121.7K0.8461.8511,94910,07178,73952,772
2022-04-29$15.05$20.00125.8%39.0%186.3%0.0%135.1%7.4%-10.0%-1.3M31.1M-124.3K0.7563.5710,9608,26379,63454,966