BRCC Options History — April 2025

In April 2025, BRCC traded between $1.98 and $2.33. ATM implied volatility averaged 98.1%, placing in the 49.4% IV rank vs the trailing year. The 30-day expected move averaged 27.5%. IV traded above realized volatility by 50.4% (HV 20d: 47.7%). 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 1 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2025-04-21: Highest Volume — 512 contracts
  • 2025-04-03: Largest IV spike — 31.0% change
  • 2025-04-25: Highest IV Rank — 64.7%
  • 2025-04-25: Largest Expected Move — 33.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.14$1.98$2.33$2.03$2.29
Max Pain$2.14$2.00$3.00$3.00$2.00
ATM IV98.1%66.3%116.1%88.3%100.1%
Expected Move27.5%20.2%33.3%24.3%28.7%
HV 20d47.7%40.5%54.4%51.6%40.5%
HV 60d55.6%54.7%57.0%55.0%55.7%
IV Rank49.4%22.2%64.7%41.1%51.1%
IV Percentile87.5%40.9%98.8%84.1%89.3%
Term Structure-20.8%-48.0%0.4%-3.6%-48.0%
VWIV97.0%58.6%116.1%84.7%112.3%
Skew 25d33.8%-3.9%60.4%28.1%10.8%
Skew 10d60.3%19.6%95.6%51.9%91.2%
Call IV 25d84.2%62.1%154.9%82.7%68.4%
Put IV 25d118.1%74.7%213.5%110.8%79.2%
Bid-Ask Spread %59.0716.54136.8062.3018.41
Gamma HHI0.470.410.550.530.55
Net GEX6.7K5.4K8.7K5.4K8.4K
Net DEX-164.3K-390.4K84.1K84.1K-327.5K
Net VEX-2.6K-2.8K-2.3K-2.3K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.008.710.160.05
Total Volume158.2861551218421
Total OI14,236.0957,93317,87817,5428,835

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$2.03$3.0088.3%24.3%51.6%41.1%84.7%28.1%-3.6%5.4K84.1K-2.3K0.1662.301592514,9192,623
2025-04-02$2.09$3.0066.3%22.5%52.9%22.2%0.0%40.5%0.4%5.4K56.4K-2.5K0.0578.39144715,0352,647
2025-04-03$2.01$3.0086.8%26.4%54.2%39.8%91.9%45.4%-8.8%5.9K52.3K-2.5K0.0982.024063615,1772,642
2025-04-04$1.98$2.00101.8%20.2%54.4%52.5%0.0%-3.9%-9.1%8.1K-123.0K-2.8K8.71136.8076115,4522,181
2025-04-07$1.98$2.00114.1%26.4%51.1%63.0%0.0%17.9%-1.8%6.1K-63.8K-2.6K0.08124.69115915,4542,228
2025-04-08$1.98$2.00102.0%28.2%50.8%52.7%98.5%27.1%-13.2%6.3K-71.3K-2.6K0.0848.3936315,5482,233
2025-04-09$2.02$2.0088.2%25.3%51.4%41.0%87.0%37.7%-11.3%5.5K-40.9K-2.4K0.1647.70731215,5442,233
2025-04-10$2.04$2.0076.8%22.0%49.3%31.2%99.4%23.9%-20.7%6.0K-77.7K-2.5K0.03102.2636115,6112,232
2025-04-11$2.17$2.0092.2%26.4%45.0%44.4%58.6%45.9%-18.9%8.7K-163.9K-2.7K0.0084.54306115,6452,233
2025-04-14$2.15$2.0095.7%27.4%45.1%47.3%89.3%3.6%-9.0%6.1K-154.6K-2.7K0.6768.70896015,4492,224
2025-04-15$2.13$2.0090.5%26.0%45.0%42.9%0.0%-2.5%-13.5%5.8K-115.4K-2.5K0.0269.49108215,5242,254
2025-04-16$2.06$2.0096.9%27.8%45.3%48.3%96.9%43.6%-8.3%5.5K-90.8K-2.4K0.2568.7412315,4802,250
2025-04-17$2.13$2.00100.6%28.8%47.0%51.5%100.5%56.2%-45.9%5.8K-137.7K-2.4K0.0246.25195315,4882,206
2025-04-21$2.13$2.00108.3%31.0%46.9%58.1%108.3%60.4%-26.3%5.4K-194.2K-2.3K0.0144.9550846,5821,351
2025-04-22$2.20$2.00110.5%31.7%47.9%59.9%110.5%50.0%-30.2%7.1K-275.3K-2.7K0.0049.9134807,0111,355
2025-04-23$2.29$2.00110.8%31.8%46.8%60.2%90.4%47.2%-39.9%7.2K-359.2K-2.8K0.0720.848767,1411,355
2025-04-24$2.25$2.00110.3%31.6%47.4%59.8%110.3%58.7%-36.6%7.8K-333.9K-2.8K0.2318.5757137,1731,355
2025-04-25$2.29$2.00116.1%33.3%46.1%64.7%116.1%52.4%-30.8%7.5K-361.2K-2.7K0.0519.79241117,2281,368
2025-04-28$2.33$2.00109.1%31.3%41.9%58.7%112.3%58.6%-28.4%8.2K-390.4K-2.8K0.2931.1734107,4491,379
2025-04-29$2.30$2.0094.9%27.2%42.2%46.6%0.0%8.9%-32.8%8.6K-362.7K-2.8K0.1516.5465107,4831,381
2025-04-30$2.29$2.00100.1%28.7%40.5%51.1%0.0%10.8%-48.0%8.4K-327.5K-2.8K0.0518.412017,4441,391