BRCC Options History — November 2025

In November 2025, BRCC traded between $1.19 and $1.42. ATM implied volatility averaged 153.8%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 47.1%. IV traded above realized volatility by 92.0% (HV 20d: 61.8%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.49.

Notable Days

2025-11-21: Highest Volume — 1,261 contracts
2025-11-07: Largest IV spike — 186.8% change
2025-11-07: Highest IV Rank — 76.4%
2025-11-28: Largest Expected Move — 65.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.25	$1.19	$1.42	$1.42	$1.23
Max Pain	$1.32	$1.00	$2.00	$1.00	$1.00
ATM IV	153.8%	80.9%	243.8%	98.5%	227.2%
Expected Move	47.1%	23.2%	65.1%	28.2%	65.1%
HV 20d	61.8%	50.5%	71.7%	53.6%	71.7%
HV 60d	54.1%	52.1%	55.8%	52.7%	55.8%
IV Rank	41.8%	13.9%	76.4%	20.6%	70.0%
IV Percentile	82.4%	44.8%	99.6%	74.6%	98.8%
Term Structure	66.6%	-29.0%	191.0%	-29.0%	18.1%
VWIV	70.8%	47.6%	105.9%	73.9%	74.2%
Skew 25d	-12.8%	-204.2%	26.5%	-19.6%	26.5%
Skew 10d	-40.9%	-324.6%	29.7%	-104.9%	29.7%
Call IV 25d	101.7%	62.3%	375.6%	232.1%	67.6%
Put IV 25d	88.9%	64.1%	212.5%	212.5%	94.1%
Bid-Ask Spread %	109.51	84.94	131.90	90.48	105.95
Gamma HHI	0.37	0.34	0.45	0.36	0.40
Net GEX	5.6K	4.7K	6.4K	5.9K	6.2K
Net DEX	-457.4K	-566.8K	-308.4K	-528.1K	-425.9K
Net VEX	-1.9K	-2.3K	-1.3K	-2.1K	-1.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.00	4.00	0.27	0.04
Total Volume	320.842	32	1,261	246	114
Total OI	12,927.579	12,171	13,764	12,171	13,764

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
2025-11-03	$1.42	$1.00	98.5%	28.2%	53.6%	20.6%	73.9%	-19.6%	-29.0%	5.9K	-528.1K	-2.1K	0.27	90.48	193	53	10,633	1,538
2025-11-04	$1.33	$1.00	105.9%	30.4%	50.5%	23.5%	95.9%	22.3%	15.6%	6.2K	-466.5K	-2.1K	0.41	88.91	100	41	10,941	1,588
2025-11-05	$1.27	$1.00	88.1%	25.3%	52.7%	16.7%	97.6%	-204.2%	-20.6%	4.7K	-308.4K	-1.3K	0.00	84.94	163	0	10,937	1,527
2025-11-06	$1.21	$2.00	85.0%	57.0%	55.0%	15.5%	74.1%	-40.8%	41.2%	5.7K	-366.6K	-1.8K	0.35	90.88	233	81	11,025	1,527
2025-11-07	$1.21	$2.00	243.8%	54.9%	53.8%	76.4%	0.0%	-4.0%	60.0%	5.9K	-381.8K	-1.9K	0.10	120.31	49	5	11,251	1,445
2025-11-10	$1.25	$2.00	91.1%	33.8%	55.0%	17.8%	0.0%	-13.2%	142.7%	5.5K	-562.1K	-2.3K	4.00	109.63	25	100	11,271	1,445
2025-11-11	$1.33	$2.00	92.7%	59.3%	59.2%	18.4%	0.0%	19.9%	27.1%	6.0K	-445.8K	-1.7K	0.00	111.47	32	0	11,295	1,545
2025-11-12	$1.33	$2.00	209.5%	60.1%	58.9%	63.2%	64.4%	9.4%	103.0%	5.9K	-546.3K	-2.2K	0.06	117.17	47	3	11,303	1,545
2025-11-13	$1.25	$2.00	201.6%	57.8%	62.5%	60.2%	71.7%	-9.6%	149.1%	5.1K	-532.7K	-2.2K	0.15	89.83	314	48	11,291	1,548
2025-11-14	$1.25	$1.00	188.3%	54.0%	62.5%	55.1%	49.9%	1.3%	85.6%	5.6K	-469.5K	-2.0K	0.01	131.90	195	2	11,160	1,526
2025-11-17	$1.21	$1.00	202.6%	58.1%	62.8%	60.5%	73.2%	-5.4%	12.2%	5.0K	-372.6K	-1.5K	0.04	116.35	496	22	11,248	1,518
2025-11-18	$1.27	$1.00	209.1%	60.0%	65.8%	63.1%	0.0%	-0.0%	107.6%	5.6K	-555.5K	-2.2K	0.00	127.73	516	1	11,488	1,514
2025-11-19	$1.21	$1.00	197.1%	56.5%	67.5%	58.4%	0.0%	6.7%	67.7%	5.5K	-385.5K	-1.6K	0.88	129.63	78	69	11,711	1,515
2025-11-20	$1.19	$1.00	203.5%	58.3%	67.6%	60.9%	53.8%	-10.7%	38.4%	5.3K	-385.2K	-1.6K	0.80	104.84	147	118	11,779	1,539
2025-11-21	$1.21	$1.00	204.0%	58.5%	68.1%	61.1%	47.6%	-25.1%	191.0%	5.0K	-566.8K	-2.1K	0.10	128.21	1,147	114	11,958	1,522
2025-11-24	$1.19	$1.00	80.9%	23.2%	68.1%	13.9%	58.0%	-20.3%	158.8%	4.9K	-436.1K	-1.8K	0.03	103.21	714	19	11,148	1,502
2025-11-25	$1.19	$1.00	95.4%	27.4%	67.3%	19.5%	105.9%	6.6%	62.1%	5.6K	-466.9K	-2.0K	0.34	128.43	580	200	11,851	1,506
2025-11-26	$1.27	$1.00	97.5%	28.0%	71.0%	20.3%	51.6%	18.0%	35.8%	6.4K	-487.8K	-1.8K	1.66	100.83	29	48	12,268	1,452
2025-11-28	$1.23	$1.00	227.2%	65.1%	71.7%	70.0%	74.2%	26.5%	18.1%	6.2K	-425.9K	-1.7K	0.04	105.95	110	4	12,286	1,478