BRCC Options History — February 2025

In February 2025, BRCC traded between $2.42 and $2.69. ATM implied volatility averaged 87.6%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 25.5%. IV traded above realized volatility by 48.4% (HV 20d: 39.2%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.26.

Notable Days

2025-02-24: Highest Volume — 766 contracts
2025-02-07: Largest IV spike — 97.2% change
2025-02-28: Highest IV Rank — 64.5%
2025-02-28: Largest Expected Move — 33.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.56	$2.42	$2.69	$2.58	$2.54
Max Pain	$2.16	$2.00	$3.00	$3.00	$2.00
ATM IV	87.6%	54.7%	115.9%	88.0%	115.9%
Expected Move	25.5%	21.3%	33.2%	25.2%	33.2%
HV 20d	39.2%	34.3%	44.1%	40.0%	43.3%
HV 60d	40.0%	38.5%	41.9%	41.9%	40.8%
IV Rank	40.4%	12.4%	64.5%	40.8%	64.5%
IV Percentile	78.5%	9.9%	98.8%	86.1%	98.8%
Term Structure	-4.3%	-27.1%	6.0%	4.9%	-12.5%
VWIV	91.8%	65.7%	116.2%	88.0%	116.2%
Skew 25d	-13.3%	-37.0%	68.5%	68.5%	12.5%
Skew 10d	26.6%	-17.6%	97.2%	97.2%	50.4%
Call IV 25d	87.9%	79.3%	106.1%	87.4%	105.6%
Put IV 25d	74.6%	56.1%	155.9%	155.9%	118.1%
Bid-Ask Spread %	54.38	14.86	74.96	59.95	38.76
Gamma HHI	0.38	0.36	0.39	0.38	0.36
Net GEX	20.1K	16.6K	26.9K	23.5K	19.3K
Net DEX	-575.9K	-801.6K	-401.3K	-739.6K	-646.2K
Net VEX	-5.8K	-6.6K	-5.1K	-6.4K	-6.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.26	0.00	1.62	0.48	0.04
Total Volume	287	45	766	411	373
Total OI	17,994.474	16,077	19,362	17,200	17,106

Daily Data (19 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
2025-02-03	$2.58	$3.00	88.0%	25.2%	40.0%	40.8%	88.0%	68.5%	4.9%	23.5K	-739.6K	-6.4K	0.48	59.95	278	133	14,756	2,444
2025-02-04	$2.69	$3.00	79.1%	22.7%	44.1%	33.2%	79.8%	-10.0%	2.8%	26.9K	-801.6K	-6.6K	0.10	40.40	548	56	14,984	2,471
2025-02-05	$2.59	$3.00	74.2%	21.3%	44.1%	29.0%	65.7%	-25.4%	-4.1%	25.6K	-800.2K	-6.6K	0.04	37.58	187	7	15,434	2,527
2025-02-06	$2.58	$2.00	54.7%	24.7%	43.6%	12.4%	86.1%	8.5%	-5.1%	25.1K	-688.7K	-6.3K	0.00	69.60	253	1	15,578	2,534
2025-02-07	$2.54	$2.00	107.9%	25.1%	40.4%	57.7%	87.4%	-17.9%	-0.7%	23.7K	-672.1K	-6.2K	0.18	59.27	55	10	15,769	2,535
2025-02-10	$2.50	$2.00	91.1%	23.6%	40.1%	43.4%	103.1%	-25.0%	-19.1%	21.3K	-503.9K	-5.6K	0.21	72.05	97	20	15,807	2,535
2025-02-11	$2.52	$2.00	61.4%	24.7%	40.4%	18.1%	75.5%	-28.2%	2.6%	16.8K	-467.0K	-5.4K	0.10	57.37	41	4	15,845	2,553
2025-02-12	$2.52	$2.00	87.5%	25.1%	40.2%	40.3%	80.8%	-25.8%	0.8%	17.0K	-498.2K	-5.6K	1.62	70.48	122	198	15,859	2,558
2025-02-13	$2.58	$2.00	94.2%	27.0%	36.2%	46.1%	91.0%	-15.6%	-2.9%	17.5K	-522.9K	-5.7K	0.23	55.63	91	21	15,944	2,730
2025-02-14	$2.59	$2.00	89.8%	25.7%	36.4%	42.3%	89.8%	-18.0%	-3.3%	17.5K	-490.8K	-5.6K	0.12	40.93	242	28	15,941	2,757
2025-02-18	$2.58	$2.00	89.5%	25.7%	34.5%	42.1%	89.8%	-20.4%	2.2%	17.7K	-470.6K	-5.4K	0.35	55.84	294	104	16,145	2,757
2025-02-19	$2.55	$2.00	86.8%	24.9%	34.3%	39.8%	97.6%	-22.1%	6.0%	18.2K	-484.3K	-5.4K	0.09	74.96	300	28	16,331	2,859
2025-02-20	$2.51	$2.00	90.8%	26.0%	34.3%	43.1%	99.5%	-27.5%	-5.4%	17.3K	-401.3K	-5.1K	0.12	63.44	98	12	16,441	2,872
2025-02-21	$2.58	$2.00	95.2%	27.3%	36.4%	46.9%	94.2%	-36.4%	-0.7%	18.9K	-533.0K	-5.5K	0.21	70.69	461	96	16,490	2,872
2025-02-24	$2.67	$2.00	89.7%	25.7%	38.9%	42.2%	90.0%	3.0%	-3.4%	21.3K	-691.2K	-5.8K	0.92	37.66	400	366	13,697	2,380
2025-02-25	$2.58	$2.00	101.7%	29.2%	40.4%	52.4%	102.0%	-18.9%	-9.1%	20.0K	-584.7K	-5.7K	0.05	14.86	88	4	13,948	2,740
2025-02-26	$2.50	$2.00	85.9%	24.6%	38.1%	38.9%	105.2%	-17.3%	-7.0%	18.2K	-536.7K	-5.6K	0.04	56.45	298	11	13,993	2,744
2025-02-27	$2.42	$2.00	81.4%	23.3%	39.4%	35.1%	102.1%	-37.0%	-27.1%	16.6K	-408.5K	-5.3K	0.08	57.24	118	10	14,204	2,755
2025-02-28	$2.54	$2.00	115.9%	33.2%	43.3%	64.5%	116.2%	12.5%	-12.5%	19.3K	-646.2K	-6.0K	0.04	38.76	357	16	14,341	2,765