BRCC Options History — September 2025

In September 2025, BRCC traded between $1.52 and $1.73. ATM implied volatility averaged 77.5%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 22.2%. IV traded above realized volatility by 16.1% (HV 20d: 61.4%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.16.

Notable Days

  • 2025-09-16: Highest Volume — 659 contracts
  • 2025-09-08: Largest IV spike — 56.1% change
  • 2025-09-08: Highest IV Rank — 31.6%
  • 2025-09-18: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.59$1.52$1.73$1.54$1.54
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV77.5%55.8%104.7%64.8%64.8%
Expected Move22.2%16.0%27.0%18.6%18.6%
HV 20d61.4%52.7%110.0%110.0%52.7%
HV 60d99.5%95.7%100.9%100.1%95.7%
IV Rank17.3%5.9%31.6%10.6%10.6%
IV Percentile46.2%6.7%86.9%23.4%20.2%
Term Structure2.3%-34.0%29.4%24.9%21.7%
VWIV97.6%80.5%153.0%111.0%111.0%
Skew 25d70.4%-22.1%191.9%-22.1%83.9%
Skew 10d91.6%-50.4%261.1%-50.4%72.8%
Call IV 25d107.3%59.6%171.9%158.4%171.9%
Put IV 25d177.7%83.4%277.5%136.3%255.8%
Bid-Ask Spread %64.8137.7783.2641.7868.33
Gamma HHI0.450.340.560.460.34
Net GEX8.2K4.6K12.5K8.0K4.9K
Net DEX-486.2K-701.4K-398.6K-434.4K-423.1K
Net VEX-2.2K-2.7K-1.9K-2.3K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.001.360.000.29
Total Volume2042165913549
Total OI14,704.85713,57515,80014,34714,675

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$1.54$2.0064.8%18.6%110.0%10.6%111.0%-22.1%24.9%8.0K-434.4K-2.3K0.0041.78135012,4231,924
2025-09-03$1.56$2.0069.5%19.9%89.2%13.1%0.0%-1.6%26.0%8.1K-446.9K-2.4K0.0083.26423012,5151,924
2025-09-04$1.52$2.0079.2%23.9%84.0%18.2%82.8%-11.3%-12.3%8.3K-452.2K-2.3K0.0359.4129112,8101,924
2025-09-05$1.52$2.0067.1%22.4%60.5%11.8%82.0%181.0%-11.0%8.5K-464.1K-2.3K0.0073.9354012,8141,925
2025-09-08$1.62$2.00104.7%25.5%56.2%31.6%89.6%116.7%-11.6%9.5K-499.7K-2.3K0.0082.3463012,8441,925
2025-09-09$1.58$2.0075.0%21.7%57.3%16.0%90.8%-1.0%-10.2%9.3K-491.6K-2.3K0.0058.6162012,9081,925
2025-09-10$1.54$2.0083.2%23.9%58.2%20.3%0.0%-9.7%-16.7%8.6K-473.9K-2.3K0.0458.7045212,9081,925
2025-09-11$1.65$2.0078.5%22.5%53.8%17.8%85.6%174.9%-14.3%10.4K-522.8K-2.2K0.0073.49454212,8771,927
2025-09-12$1.61$2.0093.4%26.8%54.4%25.7%95.0%77.5%-16.4%9.7K-503.7K-2.2K0.0478.2489413,0061,929
2025-09-15$1.60$2.0089.7%25.7%54.3%23.7%87.9%15.9%-19.3%9.6K-484.3K-2.2K1.3637.77141912,9911,936
2025-09-16$1.69$2.0087.6%25.1%55.0%22.6%87.6%191.9%-16.0%11.0K-544.2K-2.2K0.0174.51655413,0011,945
2025-09-17$1.73$2.0093.2%26.7%55.2%25.6%93.4%36.3%-14.5%12.5K-675.0K-2.7K0.0862.742692113,6261,950
2025-09-18$1.71$2.0094.0%27.0%55.1%26.0%94.2%21.8%-34.0%12.5K-701.4K-2.6K0.1145.303403913,7781,958
2025-09-19$1.67$2.0091.8%26.3%56.2%24.8%80.5%183.2%-7.5%12.0K-629.8K-2.7K0.6474.09473013,8461,954
2025-09-22$1.56$2.0073.4%21.0%60.6%15.1%153.0%29.9%29.4%4.6K-400.9K-2.0K0.2055.601372811,7421,837
2025-09-23$1.56$2.0074.9%21.5%57.7%15.9%88.5%127.1%25.6%4.7K-411.0K-1.9K0.0478.783171211,7491,826
2025-09-24$1.54$2.0055.8%16.0%57.2%5.9%106.1%59.7%26.5%4.8K-420.5K-2.0K0.0273.356461312,0401,836
2025-09-25$1.52$2.0065.5%18.8%54.8%11.0%107.9%67.3%27.5%4.7K-398.6K-2.0K0.1160.8079912,6681,836
2025-09-26$1.54$2.0058.4%16.7%52.9%7.2%99.6%75.8%28.8%4.7K-407.4K-2.0K0.0262.66169312,6751,840
2025-09-29$1.54$2.0063.0%18.1%52.9%9.6%107.8%81.6%22.8%4.9K-425.6K-2.0K0.4057.3415612,8181,842
2025-09-30$1.54$2.0064.8%18.6%52.7%10.6%111.0%83.9%21.7%4.9K-423.1K-2.0K0.2968.33381112,8271,848