BSY Options History — March 2025

In March 2025, BSY traded between $39.48 and $43.52. ATM implied volatility averaged 32.4%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 3.8% (HV 20d: 28.6%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2025-03-11: Highest Volume — 225 contracts
  • 2025-03-10: Largest IV spike — 32.3% change
  • 2025-03-10: Highest IV Rank — 50.6%
  • 2025-03-10: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.78$39.48$43.52$42.71$39.48
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV32.4%26.1%47.3%26.3%30.9%
Expected Move9.8%7.2%13.5%7.5%10.2%
HV 20d28.6%23.4%32.6%23.5%31.5%
HV 60d24.2%22.8%26.1%23.3%25.8%
IV Rank27.7%17.9%50.6%18.2%25.4%
IV Percentile52.9%14.3%91.7%15.9%50.4%
Term Structure2.4%-7.1%12.5%11.7%4.5%
VWIV37.5%28.3%66.6%33.6%35.2%
Skew 25d5.2%-4.4%14.3%3.3%13.1%
Skew 10d5.4%-6.9%21.0%1.3%21.0%
Call IV 25d26.4%17.6%34.5%19.4%25.6%
Put IV 25d31.6%21.6%40.9%22.7%38.7%
Bid-Ask Spread %98.2377.14116.48102.8682.96
Gamma HHI0.350.330.390.370.36
Net GEX96.0K36.6K135.5K134.7K36.6K
Net DEX-774.6K-2.0M415.7K-1.5M141.4K
Net VEX-27.0K-35.3K-16.2K-33.3K-16.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.003.003.001.75
Total Volume20.191225411
Total OI4,951.2864,3105,3145,0654,348

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$42.71$45.0026.3%7.5%23.5%18.2%33.6%3.3%11.7%134.7K-1.5M-33.3K3.00102.86N/AN/A134,229836
2025-03-04$42.56$45.0026.1%7.5%23.4%17.9%31.2%-0.0%5.0%109.3K-1.5M-33.9K0.29100.70N/AN/A724,230837
2025-03-05$43.52$45.0032.3%9.3%24.2%27.5%32.3%2.6%1.5%135.5K-2.0M-35.3K0.0587.68N/AN/A1914,236836
2025-03-06$43.02$45.0038.4%11.0%24.2%36.9%0.0%4.4%0.3%133.7K-1.7M-33.7K0.0089.61N/AN/A804,246836
2025-03-07$42.98$45.0035.7%10.2%24.3%32.8%35.8%3.2%0.0%128.5K-1.6M-32.9K0.0096.55N/AN/A2504,252836
2025-03-10$41.29$45.0047.3%13.5%27.0%50.6%37.3%12.8%-0.7%101.1K-356.0K-28.1K1.0794.84N/AN/A14154,260836
2025-03-11$41.59$45.0036.3%12.4%26.8%33.6%42.6%6.4%0.1%92.9K-565.3K-28.6K0.1194.07N/AN/A203224,254840
2025-03-12$41.02$45.0037.9%12.9%26.5%36.1%66.6%14.3%-3.8%97.0K-360.1K-27.8K0.0097.61N/AN/A014,453855
2025-03-13$40.17$45.0034.2%12.4%27.0%30.5%0.0%6.8%1.0%70.2K415.7K-24.1K0.00116.48N/AN/A024,453854
2025-03-14$41.52$45.0033.9%8.6%30.0%29.9%0.0%6.8%3.1%82.9K75.0K-25.4K0.00104.15N/AN/A024,453855
2025-03-17$42.61$45.0030.9%9.3%31.7%25.3%32.3%3.2%1.8%91.8K-629.0K-27.2K0.2577.14N/AN/A414,453856
2025-03-18$42.04$45.0032.9%11.6%31.3%28.5%0.0%3.1%10.5%95.2K-462.4K-27.6K0.0093.51N/AN/A504,457855
2025-03-19$42.22$45.0032.3%10.4%31.5%27.5%0.0%4.3%12.5%101.9K-1.2M-30.5K0.00113.19N/AN/A104,459855
2025-03-20$41.88$45.0030.5%9.0%30.8%24.8%0.0%13.3%-1.8%89.8K-703.4K-28.1K0.00107.40N/AN/A014,459842
2025-03-21$41.89$45.0030.7%8.8%30.6%25.1%0.0%10.4%1.9%95.6K137.1K-24.1K0.3399.13N/AN/A624,459841
2025-03-24$42.71$45.0027.4%8.1%30.4%19.9%28.3%2.9%1.5%123.8K-1.7M-25.6K0.0889.12N/AN/A1313,824486
2025-03-25$41.84$45.0028.3%7.2%30.6%21.4%0.0%0.9%4.8%90.0K-1.1M-22.6K0.00102.62N/AN/A403,832486
2025-03-26$42.14$45.0029.2%8.7%30.6%22.7%0.0%0.6%1.9%99.1K-1.4M-23.7K0.00113.44N/AN/A103,836486
2025-03-27$40.63$45.0028.9%7.6%31.8%22.2%0.0%0.9%-7.1%56.5K-491.1K-20.0K2.00103.77N/AN/A5103,837486
2025-03-28$39.63$45.0030.7%9.6%32.6%25.0%0.0%-4.4%2.8%50.8K-13.7K-17.5K1.4396.04N/AN/A14203,842491
2025-03-31$39.48$45.0030.9%10.2%31.5%25.4%35.2%13.1%4.5%36.6K141.4K-16.2K1.7582.96N/AN/A473,856492