BRCC Options History — June 2023

In June 2023, BRCC traded between $5.19 and $5.64. ATM implied volatility averaged 51.8%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 2.1% (HV 20d: 49.7%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.38.

Notable Days

2023-06-15: Highest Volume — 600 contracts
2023-06-13: Largest IV spike — 26.0% change
2023-06-13: Highest IV Rank — 12.8%
2023-06-05: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.39	$5.19	$5.64	$5.64	$5.19
Max Pain	$6.00	$6.00	$6.00	$6.00	$6.00
ATM IV	51.8%	44.8%	61.4%	46.0%	47.4%
Expected Move	15.5%	13.2%	17.6%	13.2%	13.6%
HV 20d	49.7%	28.3%	66.2%	65.7%	28.3%
HV 60d	49.9%	46.6%	55.1%	54.3%	46.6%
IV Rank	6.6%	2.1%	12.8%	2.9%	3.8%
IV Percentile	4.9%	0.4%	11.9%	0.4%	1.6%
Term Structure	9.5%	-5.4%	34.5%	1.6%	17.0%
VWIV	51.7%	32.4%	60.0%	48.0%	47.1%
Skew 25d	9.6%	-3.0%	35.3%	13.2%	9.1%
Skew 10d	31.0%	-7.5%	106.1%	23.0%	37.4%
Call IV 25d	50.7%	35.7%	57.7%	48.4%	56.7%
Put IV 25d	60.3%	50.5%	89.8%	61.5%	65.8%
Bid-Ask Spread %	71.44	27.38	95.91	50.25	80.76
Gamma HHI	0.33	0.30	0.37	0.33	0.37
Net GEX	-608	-4.2K	3.6K	3.6K	-4.2K
Net DEX	118.2K	5.8K	222.2K	5.8K	197.0K
Net VEX	-7.6K	-8.3K	-7.1K	-7.6K	-7.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.38	0.00	8.38	8.38	0.79
Total Volume	116.905	11	600	225	147
Total OI	8,415.381	7,936	8,933	7,936	8,933

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-06-01	$5.64	$6.00	46.0%	13.2%	65.7%	2.9%	48.0%	13.2%	1.6%	3.6K	5.8K	-7.6K	8.38	50.25	24	201	4,295	3,641
2023-06-02	$5.50	$6.00	47.8%	13.7%	66.2%	4.0%	53.3%	0.3%	10.2%	134	146.3K	-7.2K	0.34	27.38	47	16	4,283	3,705
2023-06-05	$5.31	$6.00	44.8%	17.6%	65.6%	2.1%	56.8%	5.2%	-0.9%	-1.5K	222.2K	-7.2K	0.58	79.14	79	46	4,318	3,721
2023-06-06	$5.34	$6.00	51.1%	16.9%	64.9%	6.1%	49.0%	10.5%	-5.4%	-147	135.4K	-7.6K	0.13	71.25	31	4	4,351	3,766
2023-06-07	$5.46	$6.00	49.1%	16.6%	61.0%	4.9%	56.6%	6.9%	7.4%	1.3K	105.2K	-7.6K	0.12	66.59	17	2	4,379	3,757
2023-06-08	$5.50	$6.00	50.3%	16.4%	59.5%	5.6%	55.2%	19.6%	4.2%	1.9K	49.5K	-7.6K	0.44	85.38	34	15	4,386	3,759
2023-06-09	$5.45	$6.00	46.0%	14.2%	57.0%	2.8%	47.6%	9.9%	18.2%	-492	155.1K	-7.2K	0.22	90.65	9	2	4,382	3,768
2023-06-12	$5.41	$6.00	48.8%	17.0%	56.7%	4.6%	58.8%	3.2%	7.7%	-1.4K	152.4K	-7.2K	4.69	69.32	13	61	4,377	3,770
2023-06-13	$5.45	$6.00	61.4%	16.3%	49.8%	12.8%	49.9%	-0.3%	-3.1%	-1.0K	143.1K	-7.2K	0.78	82.56	46	36	4,382	3,808
2023-06-14	$5.38	$6.00	57.5%	16.5%	47.4%	10.3%	54.6%	16.4%	4.0%	-2.1K	174.2K	-7.2K	3.33	95.54	15	50	4,422	3,824
2023-06-15	$5.55	$6.00	49.2%	14.1%	48.5%	4.9%	51.7%	6.0%	12.4%	-1.5K	71.4K	-7.1K	0.12	92.41	535	65	4,442	3,874
2023-06-16	$5.45	$6.00	58.0%	16.6%	45.4%	10.6%	60.0%	6.0%	28.3%	1.2K	13.0K	-8.1K	2.47	95.91	36	89	4,900	3,919
2023-06-20	$5.31	$6.00	53.5%	15.3%	46.1%	7.7%	54.2%	-3.0%	3.0%	-926	122.7K	-7.6K	3.97	57.92	36	143	4,484	3,733
2023-06-21	$5.36	$6.00	57.3%	16.4%	46.2%	10.1%	56.7%	8.6%	30.7%	-2.0K	146.1K	-7.6K	0.28	82.51	265	75	4,512	3,875
2023-06-22	$5.42	$6.00	56.4%	16.2%	41.4%	9.5%	47.3%	9.0%	4.3%	-39	24.6K	-8.3K	0.09	70.57	57	5	4,767	3,951
2023-06-23	$5.41	$6.00	56.0%	16.0%	39.1%	9.3%	48.9%	14.4%	1.4%	-7	67.7K	-7.9K	0.28	77.57	61	17	4,804	3,955
2023-06-26	$5.25	$6.00	49.8%	14.3%	40.3%	5.3%	49.8%	16.6%	34.5%	-1.4K	133.1K	-8.0K	1.24	87.37	29	36	4,861	3,970
2023-06-27	$5.30	$6.00	55.5%	15.9%	40.1%	9.0%	54.9%	35.3%	3.9%	-1.2K	134.6K	-7.9K	0.77	62.93	13	10	4,874	4,006
2023-06-28	$5.33	$6.00	51.7%	14.8%	40.0%	6.5%	53.2%	-1.8%	4.8%	-602	99.8K	-7.7K	0.00	38.21	40	0	4,884	3,996
2023-06-29	$5.24	$6.00	50.9%	14.6%	35.5%	6.0%	32.4%	16.1%	15.9%	-2.5K	183.8K	-7.7K	0.02	36.08	47	1	4,893	3,996
2023-06-30	$5.19	$6.00	47.4%	13.6%	28.3%	3.8%	47.1%	9.1%	17.0%	-4.2K	197.0K	-7.5K	0.79	80.76	82	65	4,936	3,997