BRSL Options History — December 2025

In December 2025, BRSL traded between $14.91 and $16.11. ATM implied volatility averaged 26.6%. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 4.8% (HV 20d: 21.9%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.09.

Notable Days

  • 2025-12-11: Highest Volume — 2,639 contracts
  • 2025-12-10: Largest IV drop — 32.2% change
  • 2025-12-04: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.62$14.91$16.11$15.66$15.48
Max Pain$14.27$14.00$16.00$16.00$14.00
ATM IV26.6%22.6%39.6%26.8%26.1%
Expected Move7.5%6.5%10.4%7.7%7.5%
HV 20d21.9%20.2%24.6%20.5%20.2%
HV 60d23.7%22.0%24.4%23.2%22.0%
Term Structure6.8%-8.1%28.5%4.5%0.6%
VWIV27.6%18.4%50.0%26.4%50.0%
Skew 25d7.2%-3.8%15.7%-3.8%1.9%
Skew 10d12.8%-26.6%28.9%23.0%1.3%
Call IV 25d22.0%16.0%28.6%23.0%26.2%
Put IV 25d29.2%19.2%40.1%19.2%28.1%
Bid-Ask Spread %102.2283.64113.84102.4885.97
Gamma HHI0.440.270.580.330.54
Net GEX619.3K390.0K735.7K531.4K715.8K
Net DEX-16.9M-22.1M-8.9M-16.1M-16.1M
Net VEX-55.7K-72.0K-42.9K-64.3K-42.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.0012.001.0012.00
Total Volume204.09122,639213
Total OI50,502.13649,73951,13849,87251,138

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$15.66$16.0026.8%7.7%20.5%0.0%26.4%-3.8%4.5%531.4K-16.1M-64.3K1.00102.481126,66923,203
2025-12-02$15.41$16.0031.1%8.9%21.0%0.0%22.8%10.6%4.3%584.9K-15.3M-62.6K0.0183.64111126,67023,204
2025-12-03$15.36$16.0031.8%9.1%20.9%0.0%32.6%10.8%0.1%544.4K-12.9M-66.4K0.1299.911732126,73523,205
2025-12-04$15.09$14.0030.3%10.4%20.8%0.0%35.3%13.0%-8.1%407.1K-10.3M-72.0K0.06106.55151926,77323,208
2025-12-05$14.98$14.0030.9%8.3%20.8%0.0%25.8%7.4%9.9%451.7K-10.1M-70.1K1.88107.20163026,80522,957
2025-12-08$14.91$14.0039.6%7.5%20.8%0.0%25.1%12.0%4.4%390.0K-8.9M-71.4K0.35103.70572026,79222,987
2025-12-09$15.25$14.0034.4%9.1%20.7%0.0%27.0%15.7%1.7%551.3K-12.5M-59.1K0.01109.42165126,84222,897
2025-12-10$15.66$14.0023.3%6.7%23.6%0.0%23.3%4.3%21.4%663.2K-17.4M-54.1K0.14113.8421326,92122,898
2025-12-11$15.93$14.0024.9%7.1%24.2%0.0%25.5%10.6%5.1%622.8K-20.0M-53.5K0.00108.942,631826,95222,898
2025-12-12$16.04$14.0024.5%7.0%24.4%0.0%24.6%10.2%7.6%613.4K-20.7M-56.9K0.08106.6238327,99422,906
2025-12-15$16.04$14.0023.6%6.8%24.3%0.0%23.6%9.9%8.7%635.8K-21.0M-54.3K1.48104.41466827,98522,906
2025-12-16$15.81$14.0022.7%6.5%24.6%0.0%24.9%4.4%9.6%688.7K-19.3M-54.6K1.43105.4071028,02722,903
2025-12-17$15.77$14.0022.9%6.6%22.3%0.0%23.4%6.4%8.0%701.8K-19.0M-51.6K0.04104.78122528,03222,903
2025-12-18$16.05$14.0022.6%6.5%22.0%0.0%22.8%9.5%28.5%648.1K-21.1M-50.9K0.08105.8912128,08622,903
2025-12-19$16.11$14.0022.9%6.6%21.9%0.0%23.4%9.6%5.3%660.9K-22.0M-51.5K0.23106.04571328,08722,904
2025-12-22$16.04$14.0023.5%6.7%21.6%0.0%22.2%12.7%20.3%649.1K-22.1M-50.6K0.19108.552484827,84722,838
2025-12-23$15.73$14.0024.6%7.1%22.8%0.0%0.0%2.8%5.4%687.8K-18.5M-50.6K4.46101.892812528,01022,857
2025-12-24$15.66$14.0023.8%6.8%21.5%0.0%25.9%1.6%4.7%707.6K-17.7M-49.6K0.22100.159228,03422,982
2025-12-26$15.68$14.0024.3%7.0%20.7%0.0%18.4%6.2%12.3%711.0K-18.0M-48.7K0.0099.6716028,02622,982
2025-12-29$15.48$14.0024.2%6.9%21.1%0.0%48.4%1.4%2.1%735.7K-16.2M-46.3K0.1199.711121228,01922,982
2025-12-30$15.50$14.0027.3%7.8%21.0%0.0%27.5%0.5%-5.8%722.1K-16.1M-44.0K0.0184.0574128,09122,989
2025-12-31$15.48$14.0026.1%7.5%20.2%0.0%50.0%1.9%0.6%715.8K-16.1M-42.9K12.0085.9711228,15622,982