BSY Options History — February 2023

In February 2023, BSY traded between $39.00 and $41.92. ATM implied volatility averaged 49.4%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 17.9% (HV 20d: 31.5%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.65.

Notable Days

2023-02-03: Highest Volume — 305 contracts
2023-02-21: Largest IV spike — 57.9% change
2023-02-02: Highest IV Rank — 30.0%
2023-02-21: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.52	$39.00	$41.92	$40.56	$40.56
Max Pain	$37.37	$35.00	$40.00	$40.00	$40.00
ATM IV	49.4%	38.0%	61.9%	47.9%	59.0%
Expected Move	13.5%	10.9%	17.2%	13.7%	16.9%
HV 20d	31.5%	27.0%	37.9%	32.3%	37.9%
HV 60d	33.5%	30.6%	39.2%	38.7%	31.9%
IV Rank	18.6%	8.3%	30.0%	17.2%	27.4%
IV Percentile	31.6%	6.3%	71.8%	24.2%	60.3%
Term Structure	-4.8%	-27.9%	14.7%	-10.6%	-17.9%
VWIV	50.8%	44.2%	59.9%	54.0%	59.9%
Skew 25d	11.0%	-8.3%	20.3%	17.7%	-8.3%
Skew 10d	11.9%	-66.0%	28.5%	25.6%	-66.0%
Call IV 25d	39.6%	25.4%	55.9%	34.9%	55.9%
Put IV 25d	50.6%	45.1%	56.3%	52.5%	47.6%
Bid-Ask Spread %	97.53	81.90	106.67	106.67	105.54
Gamma HHI	0.35	0.27	0.50	0.46	0.32
Net GEX	-6.1K	-68.4K	30.0K	-43.3K	30.0K
Net DEX	-1.2M	-3.2M	261.1K	-683.1K	-977.9K
Net VEX	-8.3K	-11.2K	-6.2K	-9.6K	-6.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.65	0.00	12.00	0.00	7.29
Total Volume	38.421	0	305	2	174
Total OI	2,920.053	1,526	3,655	3,323	1,584

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-02-01	$40.56	$40.00	47.9%	13.7%	32.3%	17.2%	0.0%	17.7%	-10.6%	-43.3K	-683.1K	-9.6K	0.00	106.67	N/A	N/A	2	0	919	2,404
2023-02-02	$41.92	$35.00	61.9%	14.5%	33.6%	30.0%	0.0%	16.3%	-14.8%	-40.1K	-1.0M	-9.4K	0.00	94.21	N/A	N/A	3	0	920	2,404
2023-02-03	$41.30	$35.00	51.0%	12.6%	27.5%	20.1%	0.0%	9.3%	0.1%	-27.4K	-1.3M	-8.6K	0.00	92.26	N/A	N/A	305	0	922	2,404
2023-02-06	$40.84	$35.00	59.9%	12.5%	28.2%	28.2%	0.0%	8.3%	-0.7%	-23.5K	-1.1M	-11.2K	0.00	93.38	N/A	N/A	0	1	1,223	2,404
2023-02-07	$41.38	$35.00	59.8%	14.9%	27.0%	28.1%	0.0%	9.6%	-3.6%	-11.8K	-1.5M	-10.7K	0.00	98.25	N/A	N/A	0	26	1,224	2,403
2023-02-08	$40.67	$35.00	48.7%	14.0%	27.8%	18.0%	54.0%	14.3%	-12.1%	7.1K	-961.4K	-10.4K	0.25	94.65	N/A	N/A	4	1	1,224	2,400
2023-02-09	$40.41	$35.00	42.0%	12.0%	27.3%	11.9%	0.0%	19.7%	-3.3%	-15.4K	-1.3M	-9.9K	0.00	106.00	N/A	N/A	0	0	1,222	2,400
2023-02-10	$39.23	$35.00	41.3%	11.9%	29.2%	11.3%	0.0%	20.3%	-0.3%	-68.4K	261.1K	-9.7K	0.00	92.99	N/A	N/A	1	0	1,222	2,400
2023-02-13	$39.22	$35.00	48.3%	13.9%	29.0%	17.6%	50.5%	19.0%	-8.0%	-41.8K	214.6K	-9.2K	12.00	99.72	N/A	N/A	1	12	1,221	2,400
2023-02-14	$40.98	$35.00	45.0%	12.9%	32.6%	14.6%	44.6%	0.7%	-0.6%	-22.8K	-1.3M	-8.7K	0.00	94.51	N/A	N/A	9	0	1,221	2,406
2023-02-15	$41.67	$35.00	49.1%	14.1%	32.5%	18.4%	45.9%	13.3%	-4.4%	5.6K	-2.3M	-7.7K	0.27	94.38	N/A	N/A	33	9	1,228	2,406
2023-02-16	$41.04	$40.00	44.1%	12.6%	32.6%	13.8%	0.0%	2.9%	9.3%	19.1K	-3.2M	-6.8K	0.00	98.96	N/A	N/A	6	0	1,240	2,415
2023-02-17	$40.91	$40.00	38.0%	10.9%	31.7%	8.3%	44.2%	10.9%	14.7%	24.8K	-3.1M	-6.8K	2.69	99.75	N/A	N/A	16	43	1,208	2,415
2023-02-21	$39.98	$40.00	60.0%	17.2%	32.8%	28.3%	51.9%	13.3%	-27.9%	17.0K	-689.6K	-6.9K	0.33	99.86	N/A	N/A	6	2	628	901
2023-02-22	$39.95	$40.00	44.6%	12.8%	32.3%	14.3%	0.0%	17.5%	-2.8%	19.2K	-778.3K	-6.6K	0.00	99.53	N/A	N/A	0	0	626	903
2023-02-23	$40.89	$40.00	44.7%	12.8%	33.1%	14.3%	0.0%	18.2%	-0.1%	24.5K	-974.7K	-6.6K	0.00	101.23	N/A	N/A	0	0	626	903
2023-02-24	$39.44	$40.00	44.7%	12.8%	35.9%	14.4%	0.0%	6.9%	-4.5%	18.3K	-725.8K	-6.5K	0.11	99.37	N/A	N/A	9	1	626	903
2023-02-27	$39.00	$40.00	48.3%	13.8%	35.4%	17.6%	55.6%	-0.9%	-3.4%	13.3K	-472.3K	-6.3K	0.14	81.90	N/A	N/A	58	8	622	904
2023-02-28	$40.56	$40.00	59.0%	16.9%	37.9%	27.4%	59.9%	-8.3%	-17.9%	30.0K	-977.9K	-6.2K	7.29	105.54	N/A	N/A	21	153	671	913