BRCC Options History — April 2024

In April 2024, BRCC traded between $3.90 and $4.83. ATM implied volatility averaged 73.3%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded above realized volatility by 13.5% (HV 20d: 59.8%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.44.

Notable Days

  • 2024-04-04: Highest Volume — 1,519 contracts
  • 2024-04-10: Largest IV spike — 22.1% change
  • 2024-04-23: Highest IV Rank — 67.2%
  • 2024-04-23: Largest Expected Move — 26.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.35$3.90$4.83$4.36$3.90
Max Pain$4.18$4.00$5.00$4.00$4.00
ATM IV73.3%61.6%92.7%73.3%76.6%
Expected Move21.5%18.0%26.6%21.0%22.0%
HV 20d59.8%43.3%91.0%91.0%44.6%
HV 60d74.7%68.1%79.6%79.1%68.5%
IV Rank43.9%29.9%67.2%43.9%47.8%
IV Percentile68.9%35.3%95.2%73.0%77.8%
Term Structure-5.1%-19.0%15.5%4.1%-8.8%
VWIV74.7%64.3%89.4%71.0%76.0%
Skew 25d0.9%-18.0%21.6%4.8%13.1%
Skew 10d18.1%-19.8%88.1%10.4%21.5%
Call IV 25d72.9%58.6%88.2%68.5%59.1%
Put IV 25d73.8%61.0%84.3%73.3%72.2%
Bid-Ask Spread %65.4847.0482.0461.2047.04
Gamma HHI0.530.310.790.760.41
Net GEX24.9K10.4K56.7K42.3K10.5K
Net DEX-1.1M-1.9M-734.8K-1.4M-734.8K
Net VEX-8.0K-9.6K-7.0K-9.6K-7.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.012.701.380.04
Total Volume376.318991,519150524
Total OI11,771.7278,47613,94813,87910,116

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$4.36$4.0073.3%21.0%91.0%43.9%71.0%4.8%4.1%42.3K-1.4M-9.6K1.3861.20638710,8363,043
2024-04-02$4.37$4.0063.1%18.1%89.5%31.6%64.4%-5.7%9.6%45.2K-1.4M-9.3K0.1257.468349710,8533,095
2024-04-03$4.44$4.0062.8%18.0%89.3%31.3%64.3%-3.7%15.5%42.8K-1.4M-8.9K0.2768.621193210,2163,098
2024-04-04$4.46$4.0069.6%21.5%88.4%39.4%79.0%-4.2%-1.9%45.1K-1.5M-9.2K0.0664.071,4398010,2633,101
2024-04-05$4.75$4.0062.2%20.9%66.3%30.6%72.5%5.3%1.2%47.8K-1.7M-9.1K0.0282.0420749,3853,092
2024-04-08$4.76$4.0064.5%21.1%58.0%33.3%73.4%0.4%-5.8%52.7K-1.8M-9.2K0.0474.97605239,5143,090
2024-04-09$4.83$4.0061.6%20.3%55.1%29.9%71.1%6.6%-5.7%56.7K-1.9M-9.1K0.0280.3020149,4273,096
2024-04-10$4.54$4.0075.3%21.6%59.5%46.2%75.1%21.1%-9.2%41.7K-1.4M-8.4K1.3677.6442579,4173,096
2024-04-11$4.41$4.0071.3%20.4%60.2%41.4%71.8%21.6%-5.8%13.0K-1.1M-8.0K0.5577.97174959,4353,154
2024-04-12$4.21$4.0076.6%22.0%61.6%47.8%78.8%-5.4%-8.8%20.2K-871.3K-7.6K2.7065.2730819,4333,232
2024-04-15$4.37$4.0072.2%20.7%63.2%42.5%78.3%9.5%1.4%10.9K-968.2K-7.4K0.2076.42130269,4453,330
2024-04-16$4.28$5.0074.9%21.5%57.4%45.7%83.6%-8.4%-7.5%19.1K-859.8K-7.5K0.2967.18116349,5333,434
2024-04-17$4.26$5.0074.4%21.3%57.4%45.1%76.7%-11.0%-5.7%10.8K-864.0K-7.3K0.1570.65156249,6373,438
2024-04-18$4.29$5.0078.7%22.6%57.6%50.3%68.6%5.9%-7.8%10.6K-853.0K-7.0K0.0159.3527539,6133,434
2024-04-19$4.34$5.0076.1%21.8%50.8%47.2%66.8%0.7%-11.0%10.4K-938.2K-7.5K0.0850.81691529,8233,459
2024-04-22$4.33$4.0077.9%22.3%46.2%49.4%76.2%1.6%-9.9%12.3K-947.8K-7.3K0.7150.092331666,4831,993
2024-04-23$4.26$4.0092.7%26.6%44.1%67.2%89.4%-4.3%-19.0%11.4K-916.0K-7.4K0.1151.79150176,6542,158
2024-04-24$4.21$4.0077.5%22.2%43.9%48.8%77.6%3.9%-9.4%11.4K-839.7K-7.1K0.6665.4290596,8182,168
2024-04-25$4.12$4.0075.0%21.5%44.5%45.8%72.9%-13.2%-8.5%10.7K-800.0K-7.1K0.5073.1188446,8552,220
2024-04-26$4.08$4.0076.7%22.0%44.4%47.9%77.9%-0.8%-7.7%10.7K-789.6K-7.1K0.1070.47145146,9182,261
2024-04-29$4.04$4.0080.2%23.0%43.3%52.2%78.9%-18.0%-10.7%10.5K-767.6K-7.1K0.3648.767132557,0372,275
2024-04-30$3.90$4.0076.6%22.0%44.6%47.8%76.0%13.1%-8.8%10.5K-734.8K-7.3K0.0447.04504207,6232,493