BX Options History — October 2008

In October 2008, BX traded between $7.00 and $15.34. ATM implied volatility averaged 137.4%, placing in the 60.5% IV rank vs the trailing year. The 30-day expected move averaged 37.9%. IV traded below realized volatility by 24.4% (HV 20d: 161.8%). Max pain ranged from $10.00 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.61.

Notable Days

  • 2008-10-14: Highest Volume — 18,184 contracts
  • 2008-10-09: Largest IV spike — 84.7% change
  • 2008-10-06: Highest IV Rank — 100.0%
  • 2008-10-10: Largest Expected Move — 64.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.33$7.00$15.34$15.02$9.14
Max Pain$12.17$10.00$17.50$17.50$10.00
ATM IV137.4%76.6%273.3%81.1%123.1%
Expected Move37.9%22.0%64.5%23.3%35.3%
HV 20d161.8%77.9%213.8%77.9%212.9%
HV 60d103.0%60.0%131.1%60.1%131.0%
IV Rank60.5%37.1%100.0%82.8%37.2%
IV Percentile98.2%94.0%100.0%98.0%94.0%
Term Structure-13.6%-44.6%-1.3%-7.7%-8.8%
VWIV131.3%75.1%219.6%76.3%131.8%
Skew 25d28.4%3.9%45.0%17.8%29.6%
Skew 10d46.7%-10.8%125.8%45.1%57.7%
Call IV 25d116.5%66.3%199.6%66.3%121.1%
Put IV 25d144.9%84.1%238.6%84.1%150.7%
Bid-Ask Spread %26.3812.9548.2023.4212.95
Gamma HHI0.270.190.420.200.33
Net GEX244.9K147.4K461.3K457.2K221.5K
Net DEX-30.2M-67.6M-6.0M-67.6M-15.4M
Net VEX-459.0K-674.4K-309.0K-657.2K-396.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.131.320.250.76
Total Volume5,604.21739218,1843921,771
Total OI198,761193,603205,291193,603205,291

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$15.02$17.5081.1%23.3%77.9%82.8%76.3%17.8%-7.7%457.2K-67.6M-657.2K0.2523.42N/AN/A31379135,48558,118
2008-10-02$14.60$17.5083.8%24.0%78.0%87.6%86.1%16.9%-5.1%422.5K-59.7M-656.3K0.9917.74N/AN/A400398135,55158,127
2008-10-03$15.34$17.5076.6%22.0%80.4%74.9%75.1%18.2%-1.3%461.3K-67.0M-674.4K0.6934.65N/AN/A944654135,57458,245
2008-10-06$13.70$17.50116.4%28.3%88.6%100.0%92.2%25.9%-8.7%352.7K-52.2M-619.7K1.1141.45N/AN/A1,0141,130135,89058,197
2008-10-07$13.39$17.50106.8%28.0%87.7%88.4%96.9%21.6%-13.8%293.4K-43.7M-596.1K1.0339.56N/AN/A4,2134,325136,36457,889
2008-10-08$12.70$17.50117.9%28.8%88.8%100.0%97.0%24.7%-9.2%269.8K-36.7M-576.5K0.6945.92N/AN/A3,7512,575137,75259,907
2008-10-09$8.71$15.00217.6%54.2%157.1%100.0%169.1%31.8%-44.6%181.7K-18.7M-407.2K1.0848.20N/AN/A6,6977,216138,42859,742
2008-10-10$7.99$10.00273.3%64.5%158.0%100.0%219.6%39.1%-23.2%147.4K-20.6M-389.3K1.3245.77N/AN/A4,1665,509137,48462,166
2008-10-13$9.67$10.00195.3%50.5%175.8%67.4%174.2%39.9%-14.8%161.1K-34.1M-448.2K0.4534.37N/AN/A11,3505,151137,89961,307
2008-10-14$10.87$10.00128.0%39.1%182.8%39.2%135.4%36.6%-13.3%235.8K-31.7M-511.9K0.2335.85N/AN/A14,7993,385139,12960,653
2008-10-15$9.20$10.00128.3%39.2%188.1%39.4%139.5%45.0%-14.5%281.0K-19.3M-408.6K0.5826.35N/AN/A1,326774141,90359,551
2008-10-16$9.36$10.00134.0%38.4%180.3%41.8%142.0%41.6%-13.0%296.6K-19.6M-403.0K0.2320.02N/AN/A3,412782140,77359,256
2008-10-17$10.88$10.00134.0%38.4%190.0%41.8%132.2%38.0%-18.1%213.5K-36.4M-468.6K0.1334.92N/AN/A10,7841,397141,78858,570
2008-10-20$10.36$10.00122.9%35.2%188.8%37.1%111.0%37.4%-11.4%216.7K-33.9M-452.9K0.1816.23N/AN/A1,636301138,85157,009
2008-10-21$9.00$10.00123.4%35.4%192.8%37.3%128.2%24.0%-7.4%197.0K-23.0M-398.0K0.7014.50N/AN/A1,6731,164139,78556,929
2008-10-22$8.90$10.00130.5%37.4%192.0%40.3%137.7%33.6%-12.3%148.4K-26.7M-369.3K0.2515.92N/AN/A1,170297140,61257,307
2008-10-23$8.50$10.00154.6%44.3%191.9%50.4%139.3%25.0%-16.0%177.3K-19.7M-375.6K0.1914.39N/AN/A1,058198141,30357,452
2008-10-24$7.89$10.00142.7%40.9%191.6%45.4%140.5%5.3%-7.0%154.1K-15.8M-335.4K0.3219.60N/AN/A3,1961,007141,46957,580
2008-10-27$7.00$10.00157.5%45.2%193.6%51.6%157.0%3.9%-16.3%171.5K-6.0M-309.0K0.8017.62N/AN/A2,8872,312142,19558,118
2008-10-28$7.45$10.00158.0%45.3%196.9%51.8%155.5%37.5%-20.7%167.4K-7.4M-327.6K0.5115.01N/AN/A2,7051,374142,78059,611
2008-10-29$9.08$10.00126.9%36.4%213.8%38.8%138.5%30.2%-13.0%203.9K-22.0M-394.5K0.2915.18N/AN/A5,4611,602144,76760,439
2008-10-30$8.91$10.00127.6%36.6%213.8%39.1%144.3%30.5%-12.2%202.0K-17.5M-380.9K1.2117.16N/AN/A1,1481,393143,41860,839
2008-10-31$9.14$10.00123.1%35.3%212.9%37.2%131.8%29.6%-8.8%221.5K-15.4M-396.1K0.7612.95N/AN/A1,004767143,55361,738