BRSL Options History — September 2025

In September 2025, BRSL traded between $16.29 and $17.28. ATM implied volatility averaged 29.6%. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 9.9% (HV 20d: 19.7%). Max pain ranged from $14.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.64.

Notable Days

  • 2025-09-23: Highest Volume — 3,287 contracts
  • 2025-09-25: Largest IV spike — 74.5% change
  • 2025-09-25: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.78$16.29$17.28$16.43$17.18
Max Pain$14.62$14.00$15.00$14.00$15.00
ATM IV29.6%19.7%51.2%32.6%19.7%
Expected Move8.5%5.7%14.7%9.3%5.7%
HV 20d19.7%17.7%27.1%27.1%18.5%
HV 60d26.9%26.7%27.1%27.1%26.7%
Term Structure3.2%-10.7%14.0%-2.2%14.0%
VWIV28.9%22.0%32.7%27.6%25.7%
Skew 25d0.7%-13.7%11.9%11.9%-9.2%
Skew 10d1.8%-12.0%10.7%2.0%5.6%
Call IV 25d25.3%18.0%30.6%18.1%27.7%
Put IV 25d26.0%16.7%31.3%30.0%18.5%
Bid-Ask Spread %88.7774.46104.27101.8782.47
Gamma HHI0.190.170.210.180.18
Net GEX529.5K425.9K639.3K535.3K492.2K
Net DEX-30.7M-33.3M-26.9M-28.8M-30.4M
Net VEX-117.8K-130.3K-111.4K-125.6K-114.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.640.0029.730.340.23
Total Volume481313,2876369
Total OI60,499.47657,18162,28760,60459,334

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$16.43$14.0032.6%9.3%27.1%0.0%27.6%11.9%-2.2%535.3K-28.8M-125.6K0.34101.87471634,33726,267
2025-09-03$16.29$14.0030.2%8.7%22.8%0.0%30.3%8.8%0.1%541.1K-27.8M-130.3K0.0095.3831034,35026,267
2025-09-04$16.63$14.0028.6%8.3%23.5%0.0%26.5%-2.2%3.7%536.5K-30.7M-122.2K0.2090.452054134,36526,267
2025-09-05$16.76$14.0030.5%7.5%20.9%0.0%30.1%10.0%3.5%534.8K-31.9M-120.3K0.3696.89973534,51026,299
2025-09-08$16.80$14.0031.4%8.9%20.7%0.0%30.8%-13.7%1.6%530.2K-32.4M-115.4K0.1092.124864734,52926,327
2025-09-09$16.76$14.0026.6%8.8%20.5%0.0%30.2%0.1%1.1%558.0K-32.6M-116.8K0.0587.428754734,77426,352
2025-09-10$16.49$14.0027.6%7.9%21.9%0.0%28.4%0.2%5.6%636.2K-31.1M-117.7K0.6791.0528519035,29826,387
2025-09-11$16.73$14.0029.8%8.5%17.8%0.0%29.7%-2.9%3.9%598.5K-33.0M-115.5K0.3383.00832735,38726,511
2025-09-12$16.51$15.0022.8%6.5%17.9%0.0%28.6%-13.0%3.3%639.3K-31.4M-114.7K0.47104.27743535,39426,515
2025-09-15$16.75$15.0030.4%8.7%18.3%0.0%27.1%-2.6%3.2%607.1K-33.3M-113.9K0.1388.911942635,39426,523
2025-09-16$16.72$15.0030.2%8.6%18.2%0.0%30.2%-1.6%3.5%598.5K-33.2M-112.8K0.0595.2498535,48426,522
2025-09-17$16.58$15.0030.1%8.6%18.7%0.0%22.0%4.4%3.0%584.3K-32.4M-112.5K0.3796.881987435,55726,525
2025-09-18$16.66$15.0029.7%8.5%18.5%0.0%29.6%9.2%-10.0%555.9K-33.2M-111.4K0.2188.871202535,62126,584
2025-09-19$16.55$15.0030.3%8.7%18.8%0.0%30.4%4.8%7.1%491.2K-32.0M-113.2K29.7391.95852,52735,68026,607
2025-09-22$16.91$15.0027.5%7.9%17.7%0.0%27.1%2.5%8.4%433.2K-26.9M-113.6K0.1385.691612131,40425,777
2025-09-23$17.09$15.0029.9%8.6%17.8%0.0%32.7%3.2%-10.7%441.3K-28.1M-115.5K0.0075.673,2761131,49625,798
2025-09-24$17.13$15.0029.4%8.4%17.7%0.0%29.3%10.5%7.4%425.9K-28.5M-129.0K0.4979.29452233,12425,797
2025-09-25$16.89$15.0051.2%14.7%18.6%0.0%32.0%1.0%3.9%471.2K-27.5M-121.9K0.3679.211013633,16225,814
2025-09-26$17.16$15.0022.6%6.5%19.0%0.0%29.1%-3.2%8.3%446.9K-29.2M-123.9K0.0383.10121433,20925,838
2025-09-29$17.28$15.0030.1%8.6%19.1%0.0%30.1%-3.9%7.3%462.6K-30.9M-113.5K0.2274.462144733,26125,842
2025-09-30$17.18$15.0019.7%5.7%18.5%0.0%25.7%-9.2%14.0%492.2K-30.4M-114.1K0.2382.47561333,44925,885