BRCC Options History — February 2024

In February 2024, BRCC traded between $3.88 and $4.31. ATM implied volatility averaged 82.7%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded above realized volatility by 3.1% (HV 20d: 79.6%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.79.

Notable Days

2024-02-15: Highest Volume — 5,146 contracts
2024-02-13: Largest IV spike — 17.5% change
2024-02-13: Highest IV Rank — 66.4%
2024-02-13: Largest Expected Move — 26.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.06	$3.88	$4.31	$3.99	$4.13
Max Pain	$4.00	$4.00	$4.00	$4.00	$4.00
ATM IV	82.7%	72.0%	92.4%	77.1%	89.7%
Expected Move	24.3%	21.6%	26.5%	25.7%	25.7%
HV 20d	79.6%	66.8%	90.3%	83.3%	66.8%
HV 60d	76.4%	74.4%	79.9%	77.8%	74.5%
IV Rank	54.8%	42.1%	66.4%	48.2%	63.2%
IV Percentile	88.7%	73.8%	96.0%	86.1%	94.0%
Term Structure	-4.4%	-16.2%	10.8%	-13.1%	-10.4%
VWIV	85.9%	74.6%	104.3%	90.7%	90.1%
Skew 25d	-9.4%	-52.2%	37.0%	-16.8%	27.7%
Skew 10d	-2.7%	-48.9%	93.7%	0.1%	69.9%
Call IV 25d	91.1%	81.0%	118.4%	91.6%	93.4%
Put IV 25d	81.7%	57.6%	138.8%	74.8%	121.1%
Bid-Ask Spread %	84.90	61.47	102.13	101.51	85.84
Gamma HHI	0.58	0.45	0.77	0.49	0.72
Net GEX	27.7K	13.1K	50.9K	36.1K	19.2K
Net DEX	-1.2M	-3.6M	-717.6K	-1.2M	-948.3K
Net VEX	-8.1K	-8.8K	-7.5K	-8.6K	-8.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.00	5.10	0.06	0.07
Total Volume	411.9	13	5,146	37	122
Total OI	12,635.8	9,032	18,774	13,725	10,429

Daily Data (20 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
2024-02-01	$3.99	$4.00	77.1%	25.7%	83.3%	48.2%	90.7%	-16.8%	-13.1%	36.1K	-1.2M	-8.6K	0.06	101.51	35	2	11,609	2,116
2024-02-02	$4.01	$4.00	72.0%	25.2%	81.2%	42.1%	77.5%	-12.8%	-12.3%	38.1K	-1.2M	-8.6K	0.18	88.58	11	2	11,623	2,117
2024-02-05	$4.03	$4.00	80.5%	25.3%	81.2%	52.2%	87.4%	-19.1%	-9.0%	40.0K	-1.2M	-8.5K	4.83	95.83	6	29	11,632	2,119
2024-02-06	$4.26	$4.00	75.3%	23.3%	81.7%	46.0%	84.1%	-8.2%	-0.9%	50.9K	-1.6M	-8.8K	0.09	93.74	188	16	11,636	2,145
2024-02-07	$3.99	$4.00	86.2%	24.7%	84.5%	59.0%	96.5%	-17.2%	-5.6%	38.0K	-1.2M	-8.3K	0.52	102.13	27	14	11,747	2,138
2024-02-08	$4.04	$4.00	82.2%	23.6%	84.6%	54.2%	83.8%	-12.2%	2.0%	38.1K	-1.2M	-8.3K	0.67	99.76	79	53	11,770	2,147
2024-02-09	$4.17	$4.00	78.6%	22.5%	85.2%	50.0%	82.6%	-9.6%	0.8%	41.7K	-1.4M	-8.5K	5.10	100.67	10	51	11,828	2,200
2024-02-12	$4.30	$4.00	78.7%	22.6%	85.8%	50.0%	80.7%	-2.0%	8.1%	17.1K	-1.6M	-8.1K	0.17	92.23	162	28	11,836	2,171
2024-02-13	$3.94	$4.00	92.4%	26.5%	90.3%	66.4%	104.3%	-52.2%	-9.0%	34.0K	-1.1M	-7.7K	0.59	77.54	184	108	11,903	2,175
2024-02-14	$3.88	$4.00	88.6%	25.4%	85.4%	61.9%	86.0%	7.7%	-11.4%	35.7K	-993.2K	-7.7K	0.36	69.94	119	43	11,973	2,250
2024-02-15	$4.19	$4.00	91.3%	26.2%	88.6%	65.1%	87.9%	-13.1%	-11.8%	34.4K	-1.5M	-8.1K	0.00	94.72	5,126	20	12,051	2,276
2024-02-16	$4.31	$4.00	79.4%	22.8%	87.5%	51.0%	81.2%	-14.2%	10.8%	18.1K	-3.6M	-8.1K	0.67	83.90	135	90	16,550	2,224
2024-02-20	$4.06	$4.00	81.8%	23.5%	78.0%	53.8%	82.3%	-20.4%	-6.7%	16.2K	-864.4K	-7.8K	0.48	67.62	334	162	7,132	1,900
2024-02-21	$3.91	$4.00	75.3%	21.6%	76.5%	46.1%	77.7%	-34.4%	8.3%	13.1K	-717.6K	-7.5K	0.19	81.32	453	86	7,425	2,142
2024-02-22	$3.88	$4.00	83.6%	24.0%	75.5%	56.0%	84.9%	4.9%	1.8%	14.6K	-723.0K	-7.7K	0.67	71.36	100	67	7,877	2,218
2024-02-23	$3.96	$4.00	75.5%	21.7%	70.8%	46.3%	74.6%	-17.3%	1.7%	15.5K	-778.3K	-7.7K	0.00	71.22	145	0	7,942	2,269
2024-02-26	$4.01	$4.00	84.9%	24.3%	69.5%	57.5%	88.0%	-14.8%	-9.1%	16.9K	-815.5K	-7.8K	0.28	61.47	71	20	8,054	2,269
2024-02-27	$4.13	$4.00	91.8%	26.3%	68.8%	65.7%	90.7%	-0.3%	-5.8%	17.9K	-1.0M	-8.2K	0.37	75.10	63	23	8,111	2,289
2024-02-28	$4.04	$4.00	88.7%	25.4%	67.2%	62.0%	87.8%	37.0%	-16.2%	17.9K	-892.1K	-7.9K	0.42	83.58	38	16	8,133	2,290
2024-02-29	$4.13	$4.00	89.7%	25.7%	66.8%	63.2%	90.1%	27.7%	-10.4%	19.2K	-948.3K	-8.0K	0.07	85.84	114	8	8,143	2,286