BRCC Options History — December 2025

In December 2025, BRCC traded between $1.12 and $1.31. ATM implied volatility averaged 96.2%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 29.4%. IV traded above realized volatility by 47.9% (HV 20d: 48.4%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 4.78.

Notable Days

  • 2025-12-22: Highest Volume — 1,981 contracts
  • 2025-12-11: Largest IV spike — 86.2% change
  • 2025-12-11: Highest IV Rank — 53.5%
  • 2025-12-11: Largest Expected Move — 52.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.22$1.12$1.31$1.25$1.12
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV96.2%61.0%184.1%86.4%85.9%
Expected Move29.4%17.5%52.8%24.8%24.6%
HV 20d48.4%33.5%71.7%71.7%33.5%
HV 60d52.0%50.3%55.9%55.9%50.8%
IV Rank19.8%6.3%53.5%16.0%15.8%
IV Percentile57.4%10.3%94.8%49.6%44.8%
Term Structure-21.9%-158.3%141.9%141.9%-35.6%
VWIV106.2%43.2%200.0%200.0%90.4%
Skew 25d-0.1%-72.2%33.0%10.5%-64.6%
Skew 10d-3.9%-66.3%30.8%1.5%-66.3%
Call IV 25d89.2%59.8%160.8%72.4%120.8%
Put IV 25d89.1%49.8%112.3%82.9%56.2%
Bid-Ask Spread %56.4934.18101.71101.7134.18
Gamma HHI0.400.330.500.370.50
Net GEX5.5K5.1K6.3K6.3K5.1K
Net DEX-439.6K-620.5K-289.4K-457.3K-289.4K
Net VEX-1.6K-2.4K-1.3K-1.7K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.780.0350.211.833.08
Total Volume523.045341,9813453
Total OI14,332.513,73015,23213,87614,168

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$1.25$1.0086.4%24.8%71.7%16.0%200.0%10.5%141.9%6.3K-457.3K-1.7K1.83101.71122212,3981,478
2025-12-02$1.29$1.0061.0%17.5%63.2%6.3%43.2%26.7%32.1%5.3K-498.4K-1.5K1.1647.8818621512,4071,473
2025-12-03$1.31$1.0079.4%22.8%59.3%13.3%75.1%33.0%-9.7%5.5K-484.1K-1.4K4.0784.058936212,3311,568
2025-12-04$1.27$1.0072.9%26.2%58.0%10.8%0.0%19.6%-11.6%5.7K-421.8K-1.5K1.7768.3928249912,4021,700
2025-12-05$1.25$1.0080.7%31.0%55.5%13.8%130.0%15.7%-13.9%6.1K-444.8K-1.8K3.2769.8910434012,5231,809
2025-12-08$1.21$1.0080.1%26.5%56.8%13.6%99.6%8.2%1.9%6.2K-443.9K-1.5K6.5468.168756912,4521,520
2025-12-09$1.23$1.00100.5%51.7%55.9%21.4%0.0%-72.2%-104.1%5.2K-609.1K-2.4K4.7881.7910449712,5882,035
2025-12-10$1.27$1.0098.9%28.3%52.3%20.8%0.0%20.6%12.0%5.7K-452.0K-1.4K1.6343.537812712,5031,584
2025-12-11$1.27$1.00184.1%52.8%52.3%53.5%0.0%-11.7%-158.3%5.6K-620.5K-2.0K11.7158.817284312,6111,630
2025-12-12$1.23$1.00110.8%31.8%48.7%25.4%0.0%-24.6%-16.1%5.5K-501.3K-2.2K50.2144.091470312,6712,278
2025-12-15$1.23$1.00127.5%36.5%48.7%31.8%158.7%14.6%-47.5%5.9K-457.5K-1.7K0.0849.803152412,6751,758
2025-12-16$1.21$1.0081.8%23.4%47.7%14.2%0.0%20.8%46.6%5.3K-416.7K-1.3K3.2540.4222573112,5911,754
2025-12-17$1.21$1.00116.8%33.5%44.1%27.7%0.0%6.6%33.0%5.3K-459.3K-2.0K0.0639.662331312,7852,242
2025-12-18$1.23$1.00100.0%28.7%41.0%21.2%0.0%17.7%-30.0%5.6K-447.3K-1.6K8.1741.799073513,0032,229
2025-12-19$1.21$1.0074.6%21.4%41.0%11.5%71.6%2.2%-24.5%5.2K-416.7K-1.3K0.0346.154351313,0401,821
2025-12-22$1.21$1.0091.2%26.1%40.6%17.8%0.0%-5.9%-52.0%5.5K-358.7K-1.3K0.8249.631,09189011,9911,739
2025-12-23$1.17$1.0097.7%28.0%41.9%20.3%97.7%9.4%-50.0%5.3K-368.0K-1.6K0.8450.0037831611,9952,424
2025-12-24$1.21$1.0081.0%23.2%43.7%13.9%51.5%32.0%-2.4%5.1K-406.8K-1.5K0.0863.883833211,9602,291
2025-12-26$1.19$1.0089.9%25.8%36.8%17.3%93.0%-7.2%-54.9%5.3K-389.5K-1.7K1.2664.249111512,1962,271
2025-12-29$1.17$1.00126.9%36.4%35.7%31.5%163.3%-34.3%-101.8%5.3K-375.6K-1.7K0.3954.19281112,1592,048
2025-12-30$1.14$1.0089.2%25.6%35.9%17.1%90.4%-19.5%-38.0%5.5K-353.0K-1.6K0.0540.5495512,1662,048
2025-12-31$1.12$1.0085.9%24.6%33.5%15.8%0.0%-64.6%-35.6%5.1K-289.4K-1.4K3.0834.18134012,1222,046