BRCC Options History — January 2025

In January 2025, BRCC traded between $2.69 and $3.20. ATM implied volatility averaged 88.0%, placing in the 47.3% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded above realized volatility by 48.0% (HV 20d: 40.0%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.29.

Notable Days

2025-01-15: Highest Volume — 5,060 contracts
2025-01-10: Largest IV spike — 51.0% change
2025-01-10: Highest IV Rank — 100.0%
2025-01-02: Largest Expected Move — 28.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.97	$2.69	$3.20	$3.20	$2.69
Max Pain	$2.85	$2.00	$3.00	$3.00	$3.00
ATM IV	88.0%	62.6%	157.5%	100.9%	71.3%
Expected Move	22.4%	17.9%	28.9%	28.9%	20.4%
HV 20d	40.0%	37.9%	42.7%	40.9%	39.3%
HV 60d	40.0%	38.7%	41.1%	38.9%	41.1%
IV Rank	47.3%	19.1%	100.0%	76.0%	26.5%
IV Percentile	72.1%	26.6%	100.0%	96.8%	55.2%
Term Structure	4.3%	-19.0%	16.4%	-19.0%	14.0%
VWIV	80.0%	62.7%	127.0%	102.1%	71.8%
Skew 25d	32.4%	-5.6%	74.9%	16.6%	66.4%
Skew 10d	48.0%	-1.9%	110.4%	27.5%	90.9%
Call IV 25d	71.5%	48.0%	114.3%	114.3%	71.3%
Put IV 25d	103.9%	65.1%	146.0%	130.9%	137.7%
Bid-Ask Spread %	54.36	8.32	81.60	8.32	59.68
Gamma HHI	0.44	0.38	0.71	0.38	0.39
Net GEX	46.1K	24.6K	114.7K	45.8K	26.4K
Net DEX	-1.3M	-2.5M	-485.0K	-1.6M	-783.9K
Net VEX	-7.6K	-8.9K	-6.7K	-8.8K	-6.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.01	1.47	0.09	0.03
Total Volume	1,114.65	46	5,060	496	257
Total OI	23,440.65	14,148	32,390	27,284	17,092

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
2025-01-02	$3.20	$3.00	100.9%	28.9%	40.9%	76.0%	102.1%	16.6%	-19.0%	45.8K	-1.6M	-8.8K	0.09	8.32	455	41	23,389	3,895
2025-01-03	$3.18	$3.00	97.0%	27.8%	40.9%	71.1%	127.0%	1.1%	-16.5%	47.3K	-1.6M	-8.7K	0.12	45.31	41	5	23,461	3,902
2025-01-06	$3.06	$2.00	100.4%	23.4%	41.9%	75.3%	82.4%	18.0%	-3.9%	44.0K	-1.3M	-7.9K	0.05	79.51	508	25	23,472	3,907
2025-01-07	$3.09	$2.00	96.1%	22.5%	41.2%	70.0%	76.6%	51.8%	4.2%	46.4K	-1.3M	-7.8K	1.47	81.60	87	128	23,771	3,853
2025-01-08	$3.20	$2.00	90.9%	23.6%	41.4%	63.5%	83.2%	10.0%	-2.6%	49.9K	-1.6M	-8.0K	0.05	72.48	4,432	201	23,850	3,764
2025-01-10	$3.12	$3.00	137.3%	23.2%	42.7%	100.0%	84.8%	46.6%	4.2%	61.2K	-2.0M	-8.9K	0.05	55.94	1,541	80	26,886	3,964
2025-01-13	$3.05	$3.00	157.5%	26.4%	37.9%	100.0%	91.7%	43.8%	0.9%	70.7K	-2.0M	-8.5K	0.05	55.16	1,938	102	28,326	4,064
2025-01-14	$2.98	$3.00	114.9%	24.4%	38.5%	63.7%	84.9%	27.8%	5.0%	86.3K	-1.6M	-7.8K	0.27	56.79	523	141	28,018	4,124
2025-01-15	$3.13	$3.00	73.1%	21.0%	39.1%	28.1%	74.4%	7.9%	8.9%	114.7K	-2.5M	-8.0K	0.32	54.72	3,846	1,214	28,115	4,170
2025-01-16	$3.08	$3.00	78.9%	22.6%	39.4%	33.0%	76.4%	10.6%	13.2%	83.5K	-1.6M	-7.5K	0.77	55.02	393	301	25,513	4,373
2025-01-17	$2.96	$3.00	68.0%	19.5%	41.8%	23.8%	71.9%	2.3%	9.1%	24.6K	-485.0K	-7.0K	0.05	80.39	1,407	74	25,685	4,191
2025-01-21	$2.91	$3.00	72.5%	20.8%	39.0%	27.5%	72.5%	43.0%	4.2%	24.8K	-967.0K	-6.9K	0.18	70.01	1,227	219	11,979	2,169
2025-01-22	$2.92	$3.00	69.8%	20.0%	38.7%	25.2%	69.8%	65.2%	8.8%	28.1K	-1.0M	-7.1K	0.04	57.06	564	24	12,888	2,117
2025-01-23	$2.88	$3.00	67.0%	19.2%	39.0%	22.8%	67.0%	53.2%	11.3%	29.1K	-1.1M	-7.2K	0.42	37.20	382	159	13,360	2,140
2025-01-24	$2.85	$3.00	68.1%	19.5%	38.9%	23.8%	68.1%	29.0%	16.4%	29.1K	-1.0M	-7.3K	0.11	54.43	167	18	13,695	2,299
2025-01-27	$2.85	$3.00	62.6%	17.9%	38.1%	19.1%	62.7%	71.4%	13.6%	29.7K	-939.2K	-7.0K	0.08	55.14	454	35	13,823	2,304
2025-01-28	$2.71	$3.00	77.7%	22.3%	41.5%	32.0%	77.7%	-5.6%	6.7%	25.9K	-836.6K	-6.7K	0.25	13.55	322	80	14,204	2,312
2025-01-29	$2.71	$3.00	79.4%	22.8%	39.9%	33.4%	79.3%	14.7%	2.1%	26.6K	-849.2K	-6.7K	0.01	37.31	637	7	14,464	2,325
2025-01-30	$2.75	$3.00	77.5%	22.2%	39.5%	31.8%	76.6%	74.9%	5.3%	28.3K	-883.8K	-6.8K	1.35	57.57	110	148	14,618	2,331
2025-01-31	$2.69	$3.00	71.3%	20.4%	39.3%	26.5%	71.8%	66.4%	14.0%	26.4K	-783.9K	-6.7K	0.03	59.68	249	8	14,648	2,444