BRCC Options History — March 2025

In March 2025, BRCC traded between $1.96 and $2.56. ATM implied volatility averaged 76.3%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded above realized volatility by 3.4% (HV 20d: 72.9%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2025-03-04: Highest Volume — 997 contracts
  • 2025-03-28: Largest IV spike — 55.8% change
  • 2025-03-03: Highest IV Rank — 83.0%
  • 2025-03-03: Largest Expected Move — 39.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.14$1.96$2.56$2.56$2.09
Max Pain$2.28$2.00$3.00$2.00$3.00
ATM IV76.3%44.8%137.6%137.6%62.2%
Expected Move24.3%15.0%39.4%39.4%23.1%
HV 20d72.9%42.9%78.7%42.9%77.0%
HV 60d52.8%40.8%55.2%40.8%55.0%
IV Rank30.8%3.9%83.0%83.0%18.7%
IV Percentile54.1%1.6%99.6%99.6%28.6%
Term Structure-2.2%-32.9%32.0%-32.9%-3.4%
VWIV90.3%54.5%140.1%137.6%54.9%
Skew 25d35.6%-11.6%98.3%30.5%-4.0%
Skew 10d119.8%21.2%188.8%70.4%41.3%
Call IV 25d81.9%53.6%112.5%107.7%77.1%
Put IV 25d117.5%45.8%188.5%138.2%73.1%
Bid-Ask Spread %54.6418.32108.4337.0978.27
Gamma HHI0.440.370.520.370.51
Net GEX7.8K5.3K20.2K20.2K6.0K
Net DEX6.9K-683.4K153.8K-683.4K57.8K
Net VEX-3.3K-5.9K-2.5K-5.9K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.004.570.550.40
Total Volume241.1433099770549
Total OI18,448.66717,36619,30817,36617,567

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$2.56$2.00137.6%39.4%42.9%83.0%137.6%30.5%-32.9%20.2K-683.4K-5.9K0.5537.0945525014,5882,778
2025-03-04$2.17$2.00111.8%32.1%71.1%61.1%107.2%42.0%-24.8%11.1K-71.1K-3.8K0.4341.4169630114,8872,998
2025-03-05$2.17$2.0066.4%19.0%68.7%22.4%83.2%32.9%6.5%9.1K17.8K-3.6K0.3739.9560322114,9443,140
2025-03-06$2.13$2.0073.3%21.0%68.0%28.2%73.2%15.9%6.0%8.3K-4.2K-3.7K0.5249.17442315,4493,326
2025-03-07$2.13$2.0094.8%27.2%68.1%46.6%94.7%32.8%-1.8%9.1K-40.4K-3.8K0.7250.89815815,4663,345
2025-03-10$2.02$2.0089.6%25.7%69.8%42.1%89.7%60.3%-11.9%7.1K55.9K-3.4K0.1951.164999315,5133,349
2025-03-11$2.05$2.0087.4%29.3%70.4%40.3%103.4%57.6%-7.6%6.9K73.5K-3.3K0.0344.70153415,5043,349
2025-03-12$2.04$2.0071.8%24.5%70.1%26.9%82.9%36.4%-8.6%6.9K65.0K-3.2K0.4644.751225615,5893,351
2025-03-13$1.96$2.0087.0%27.4%70.7%39.9%95.5%76.0%-3.0%5.3K143.2K-2.9K0.1349.813274215,6273,329
2025-03-14$2.13$2.0086.8%30.7%77.6%39.8%140.1%98.3%3.2%8.6K31.4K-3.4K0.9356.32434015,7933,355
2025-03-17$2.13$2.0090.1%22.4%77.5%42.5%87.2%40.1%-10.4%8.0K-24.3K-3.3K3.2525.74247815,8893,359
2025-03-18$2.10$2.0067.7%23.8%77.5%23.5%84.7%50.4%2.6%6.6K41.2K-3.0K4.5718.32146415,8993,393
2025-03-19$2.16$2.0061.7%22.0%78.7%18.4%79.8%38.2%12.3%5.8K109.2K-2.8K0.0223.04147315,9093,378
2025-03-20$2.17$0.0068.0%20.5%78.7%23.7%0.0%39.3%-2.8%7.7K-15.9K-3.3K0.0587.08110515,9193,375
2025-03-21$2.19$0.0058.1%15.0%77.9%15.2%0.0%10.3%-11.9%6.3K42.2K-3.0K0.04108.4385315,9153,393
2025-03-24$2.23$0.0057.0%23.5%77.0%14.4%79.7%-11.6%11.3%7.0K73.8K-3.0K0.0944.9485814,5933,085
2025-03-25$2.13$3.0061.2%18.8%77.6%17.9%0.0%4.2%8.7%5.6K153.8K-2.5K0.0083.3830014,6603,088
2025-03-26$2.13$3.0056.1%21.8%77.2%13.6%0.0%38.1%3.0%6.1K64.8K-2.6K0.0580.20101514,6862,692
2025-03-27$2.21$3.0044.8%21.8%78.2%3.9%86.5%-4.8%32.0%5.5K12.4K-2.7K0.0367.6660214,7752,681
2025-03-28$2.10$3.0069.7%21.3%77.2%25.2%54.5%65.5%-13.3%6.6K41.6K-2.6K0.0065.2380014,8052,681
2025-03-31$2.09$3.0062.2%23.1%77.0%18.7%54.9%-4.0%-3.4%6.0K57.8K-2.6K0.4078.27351414,8862,681