BX Options History — February 2008

In February 2008, BX traded between $15.72 and $18.83. ATM implied volatility averaged 59.3%, placing in the 72.4% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 8.8% (HV 20d: 50.5%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.29.

Notable Days

  • 2008-02-14: Highest Volume — 24,129 contracts
  • 2008-02-14: Largest IV spike — 42.8% change
  • 2008-02-25: Highest IV Rank — 95.9%
  • 2008-02-25: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.14$15.72$18.83$18.72$16.50
Max Pain$21.50$20.00$22.50$20.00$20.00
ATM IV59.3%38.6%68.2%67.6%63.2%
Expected Move17.0%15.5%19.5%19.4%18.1%
HV 20d50.5%26.6%71.1%71.1%38.6%
HV 60d50.1%48.6%53.1%52.9%50.2%
IV Rank72.4%17.5%95.9%94.3%82.8%
IV Percentile83.3%21.8%98.8%98.0%90.4%
Term Structure-4.2%-12.8%0.0%-12.8%-6.5%
VWIV59.5%54.7%66.2%64.6%63.5%
Skew 25d6.9%3.6%12.2%7.4%8.1%
Skew 10d11.8%2.1%23.9%12.2%20.5%
Call IV 25d57.2%53.6%62.6%60.2%62.6%
Put IV 25d64.1%58.0%71.1%67.6%70.6%
Bid-Ask Spread %12.767.1147.377.3910.52
Gamma HHI0.260.160.400.270.26
Net GEX-460.8K-652.2K-249.4K-428.3K-556.3K
Net DEX76.0M54.5M98.9M55.1M78.9M
Net VEX-514.1K-589.4K-455.5K-556.4K-574.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.383.460.721.47
Total Volume10,442.62,32124,1294,29916,604
Total OI205,866.65182,441237,195182,611237,195

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$18.72$20.0067.6%19.4%71.1%94.3%64.6%7.4%-12.8%-428.3K55.1M-556.4K0.727.39N/AN/A2,5031,79693,52389,088
2008-02-04$18.83$22.5066.1%15.7%69.7%90.4%56.0%6.8%-4.6%-449.5K54.5M-548.2K0.448.90N/AN/A1,61770493,63688,805
2008-02-05$18.22$22.5066.8%16.6%68.9%92.5%57.5%5.0%-3.4%-476.0K62.2M-522.8K0.4111.31N/AN/A3,8611,57194,08588,927
2008-02-06$17.82$22.5066.8%16.7%63.8%92.3%59.0%7.8%-4.7%-479.4K71.5M-485.0K1.0512.20N/AN/A2,0232,11896,20189,167
2008-02-07$17.68$22.5055.2%16.8%63.8%61.6%58.9%4.5%-4.3%-584.6K72.4M-490.9K0.5611.90N/AN/A11,8036,55697,18590,323
2008-02-08$17.51$22.5055.5%16.6%53.6%62.5%59.6%5.5%-4.3%-249.4K71.2M-498.4K0.5712.46N/AN/A2,8381,628104,79893,951
2008-02-11$17.78$22.5056.2%16.5%53.8%64.2%58.7%5.0%-2.9%-330.1K68.2M-511.3K0.3811.60N/AN/A3,7551,414103,77894,331
2008-02-12$17.59$22.5047.4%15.7%53.1%40.8%56.5%6.6%-3.0%-339.1K72.8M-488.1K1.0514.05N/AN/A3,4493,613105,11294,417
2008-02-13$17.63$22.5038.6%15.5%52.3%17.5%54.7%4.3%0.0%-408.1K73.3M-488.0K2.5615.64N/AN/A2,2985,884105,46895,026
2008-02-14$16.83$22.5055.1%15.8%53.5%61.3%56.4%4.3%-0.5%-423.2K87.7M-455.5K1.8516.44N/AN/A8,46015,669105,72697,581
2008-02-15$16.57$22.5054.6%15.6%52.3%59.9%56.5%7.6%-0.2%-343.0K98.9M-461.3K1.9414.23N/AN/A6,61512,856109,540106,808
2008-02-19$16.13$22.5060.3%17.3%52.2%75.1%57.4%7.4%-4.3%-405.4K83.5M-462.6K0.779.72N/AN/A5,8144,48995,89199,880
2008-02-20$16.23$22.5059.7%17.1%52.2%73.6%57.9%6.4%-4.0%-407.9K83.0M-482.8K3.4610.37N/AN/A3,18911,03798,909102,782
2008-02-21$15.93$20.0063.5%18.2%36.9%83.5%63.2%9.7%-3.4%-478.5K86.5M-490.9K2.1347.37N/AN/A3,9988,522100,172109,032
2008-02-22$15.72$20.0063.2%18.1%35.0%82.7%60.4%3.6%-4.4%-565.2K90.1M-499.3K2.977.13N/AN/A3,1779,435102,056115,131
2008-02-25$15.95$20.0068.2%19.5%26.6%95.9%66.2%8.6%-6.1%-652.2K87.2M-523.0K0.957.11N/AN/A4,6324,408103,061120,288
2008-02-26$17.00$20.0059.9%17.2%37.2%74.0%62.2%8.5%-5.6%-574.0K76.3M-568.7K1.138.62N/AN/A7,3958,335104,753121,601
2008-02-27$17.20$20.0057.7%16.6%37.7%68.3%59.1%12.2%-3.6%-536.8K72.8M-585.3K0.638.25N/AN/A6,8364,314106,994125,775
2008-02-28$17.06$20.0060.2%17.3%37.4%74.8%61.1%8.4%-5.8%-529.4K74.0M-589.4K0.749.93N/AN/A2,0841,552108,963127,374
2008-02-29$16.50$20.0063.2%18.1%38.6%82.8%63.5%8.1%-6.5%-556.3K78.9M-574.9K1.4710.52N/AN/A6,7159,889109,479127,716