BX Options History — July 2008

In July 2008, BX traded between $14.63 and $18.57. ATM implied volatility averaged 54.6%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 3.8% (HV 20d: 50.7%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2008-07-15: Highest Volume — 7,714 contracts
  • 2008-07-09: Largest IV spike — 15.6% change
  • 2008-07-11: Highest IV Rank — 55.4%
  • 2008-07-11: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.90$14.63$18.57$17.56$18.57
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV54.6%46.0%64.7%48.9%54.5%
Expected Move15.8%13.2%18.5%14.0%15.6%
HV 20d50.7%35.1%65.0%37.5%65.0%
HV 60d42.3%37.2%47.4%37.4%47.4%
IV Rank37.6%22.8%55.4%29.6%37.0%
IV Percentile69.4%44.0%90.5%56.7%69.8%
Term Structure-3.7%-8.7%6.9%4.6%-5.0%
VWIV56.5%46.4%68.4%49.3%51.6%
Skew 25d12.0%8.6%15.9%11.1%10.1%
Skew 10d25.0%11.7%35.0%22.3%30.0%
Call IV 25d49.9%44.2%61.6%45.3%46.1%
Put IV 25d61.9%56.2%75.5%56.4%56.2%
Bid-Ask Spread %17.7510.7029.5615.4810.79
Gamma HHI0.180.150.230.160.21
Net GEX318.2K-7.8K702.1K334.6K702.1K
Net DEX-74.0M-111.2M-34.1M-83.8M-111.2M
Net VEX-790.0K-854.3K-513.7K-847.9K-827.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.154.351.000.52
Total Volume3,730.1369207,7144,5493,466
Total OI208,445.909146,839216,850207,743212,517

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$17.56$17.5048.9%14.0%37.5%29.6%49.3%11.1%4.6%334.6K-83.8M-847.9K1.0015.48N/AN/A2,2742,275130,81876,925
2008-07-02$17.32$17.5047.1%13.5%37.6%26.5%48.1%11.2%6.9%274.1K-79.2M-842.6K4.3513.78N/AN/A4932,143132,21677,466
2008-07-03$17.23$17.5046.0%13.2%37.6%24.4%46.4%11.7%6.9%255.5K-74.7M-854.3K0.6719.40N/AN/A1,340902132,34577,961
2008-07-07$16.77$17.5050.2%15.6%37.6%31.8%53.2%12.4%-5.2%153.4K-67.0M-789.1K0.9410.70N/AN/A1,7531,645132,53378,160
2008-07-08$17.20$17.5046.3%15.2%38.6%22.8%50.4%12.2%-5.2%218.9K-71.8M-839.3K0.8313.77N/AN/A3,6723,055133,54278,869
2008-07-09$16.65$17.5053.6%15.5%40.0%35.8%54.1%9.9%-5.1%124.6K-64.8M-790.7K1.3215.09N/AN/A1,8622,450133,13278,891
2008-07-10$16.44$17.5056.4%16.2%35.1%40.4%60.3%11.6%-5.3%128.6K-59.0M-791.3K0.9414.72N/AN/A2,1782,040133,07779,288
2008-07-11$15.64$17.5064.7%18.5%38.8%55.4%62.0%10.9%-7.1%46.9K-49.0M-736.7K0.5922.45N/AN/A3,6212,142133,48579,280
2008-07-14$14.81$17.5063.6%18.2%38.1%53.4%63.3%10.9%-5.7%78.0K-49.4M-513.7K3.1612.28N/AN/A1,1533,640100,90845,931
2008-07-15$14.63$17.5064.6%18.5%37.0%55.2%68.4%13.9%-8.7%-7.8K-34.1M-698.0K0.6222.99N/AN/A4,7662,948135,58680,269
2008-07-16$16.43$17.5056.1%16.1%58.3%39.9%61.5%13.0%-4.9%242.7K-66.8M-799.3K0.8716.92N/AN/A3,6423,156137,81979,031
2008-07-17$17.02$17.5054.3%15.6%60.0%36.6%62.7%14.9%-4.7%362.1K-77.9M-833.4K1.1622.52N/AN/A2,0852,410138,02178,332
2008-07-18$17.29$17.5053.5%15.3%59.7%35.2%58.9%9.0%-3.1%360.8K-80.5M-834.2K2.1223.89N/AN/A5481,161137,99177,659
2008-07-21$17.10$17.5052.2%15.0%59.7%32.9%52.8%13.5%-2.8%463.6K-77.0M-822.4K0.5116.26N/AN/A890455132,92173,581
2008-07-22$17.26$17.5052.0%14.9%59.8%32.4%52.0%13.4%-3.1%427.8K-81.2M-788.2K0.7321.51N/AN/A1,331975133,44273,841
2008-07-23$17.80$17.5051.4%14.7%60.9%31.3%53.0%12.7%-3.5%496.9K-91.5M-806.5K0.5213.91N/AN/A1,415734133,50774,057
2008-07-24$16.86$17.5056.8%16.3%62.2%41.1%58.9%11.9%-5.0%389.3K-76.0M-770.9K0.3629.56N/AN/A4,2951,559134,06573,860
2008-07-25$17.01$17.5055.2%15.8%62.2%38.2%55.1%13.2%-4.5%474.2K-77.1M-818.4K0.1522.25N/AN/A1,178174135,31174,871
2008-07-28$16.75$17.5058.9%16.9%62.3%44.9%63.0%8.6%-6.9%398.5K-75.5M-771.1K0.7621.08N/AN/A523397136,17074,908
2008-07-29$17.60$17.5057.8%16.6%64.6%43.0%60.7%15.9%-7.4%514.4K-88.8M-801.4K0.7712.96N/AN/A1,057818136,30075,038
2008-07-30$17.77$17.5056.3%16.2%63.4%40.3%56.2%12.7%-7.3%560.2K-92.8M-804.0K0.2018.13N/AN/A2,869573136,85075,036
2008-07-31$18.57$17.5054.5%15.6%65.0%37.0%51.6%10.1%-5.0%702.1K-111.2M-827.7K0.5210.79N/AN/A2,2811,185137,29075,227