BX Options History — January 2009

In January 2009, BX traded between $4.20 and $8.10. ATM implied volatility averaged 103.9%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 29.9%. IV traded above realized volatility by 9.6% (HV 20d: 94.4%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.78.

Notable Days

  • 2009-01-21: Highest Volume — 5,753 contracts
  • 2009-01-14: Largest IV spike — 15.6% change
  • 2009-01-20: Highest IV Rank — 37.9%
  • 2009-01-20: Largest Expected Move — 35.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.73$4.20$8.10$7.14$4.51
Max Pain$6.75$5.00$10.00$10.00$5.00
ATM IV103.9%86.3%125.3%86.3%102.5%
Expected Move29.9%24.7%35.9%24.7%29.4%
HV 20d94.4%74.8%118.9%79.7%117.1%
HV 60d132.8%118.9%160.9%160.6%124.1%
IV Rank28.9%21.5%37.9%21.5%28.3%
IV Percentile77.4%72.6%86.1%74.6%73.0%
Term Structure5.7%-11.5%15.9%7.0%10.1%
VWIV102.0%80.1%126.5%85.4%102.4%
Skew 25d25.3%11.1%43.1%43.1%30.3%
Skew 10d52.3%17.3%84.2%67.7%68.1%
Call IV 25d95.3%72.3%112.0%72.3%102.6%
Put IV 25d120.6%87.2%143.6%115.4%132.9%
Bid-Ask Spread %14.494.2327.374.2315.64
Gamma HHI0.550.400.820.450.52
Net GEX193.6K132.9K287.6K200.0K154.1K
Net DEX-18.7M-31.3M-8.0M-23.6M-16.3M
Net VEX-160.4K-225.9K-112.0K-203.9K-125.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.152.920.270.59
Total Volume2,887.556295,7531,1521,720
Total OI153,660.8123,083177,107169,172132,833

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-01-02$7.14$10.0086.3%24.7%79.7%21.5%85.4%43.1%7.0%200.0K-23.6M-203.9K0.274.23N/AN/A908244134,07435,098
2009-01-05$7.50$7.5096.8%26.9%77.6%25.9%89.0%19.9%3.9%209.7K-27.6M-201.8K0.4815.62N/AN/A2,035986134,59035,211
2009-01-06$8.10$7.5090.7%26.1%76.0%23.3%80.1%16.5%15.9%223.1K-31.3M-225.9K0.2014.72N/AN/A4,490918135,72035,677
2009-01-07$7.41$7.5093.7%27.6%77.7%24.6%93.3%11.1%3.6%261.7K-23.4M-216.1K2.9221.30N/AN/A7082,070137,66135,425
2009-01-08$7.50$7.5087.8%27.0%77.6%22.1%93.9%20.4%7.2%287.6K-23.5M-212.0K1.1921.94N/AN/A1,2681,512138,01835,765
2009-01-09$7.28$7.5089.7%26.6%74.8%22.9%100.1%17.3%4.6%264.7K-23.6M-216.3K1.4918.80N/AN/A634945138,32734,891
2009-01-12$6.44$7.50103.6%26.2%87.1%28.7%99.9%28.7%11.2%180.9K-20.3M-170.0K0.7314.57N/AN/A1,024751138,61935,410
2009-01-13$6.12$7.50104.0%32.9%87.9%28.9%101.0%26.8%15.6%287.2K-8.0M-153.7K0.1511.87N/AN/A4,976739139,03034,810
2009-01-14$5.67$7.50120.2%33.8%91.9%35.7%97.8%28.4%7.0%219.5K-12.0M-166.2K0.3011.82N/AN/A4,0211,189142,18934,918
2009-01-15$5.34$7.50119.0%34.1%93.7%35.2%114.9%19.5%10.5%186.7K-16.6M-152.6K0.4916.85N/AN/A1,530750141,25534,752
2009-01-16$5.20$7.50113.3%32.5%93.6%32.8%108.7%23.9%4.0%136.9K-15.4M-149.5K1.2114.68N/AN/A284345140,30734,643
2009-01-20$4.62$7.50125.3%35.9%101.6%37.9%126.5%30.8%-1.9%148.3K-16.6M-125.0K0.3027.37N/AN/A3,4561,04298,33224,751
2009-01-21$4.40$7.50111.5%32.0%101.5%32.1%111.8%15.1%8.1%132.9K-17.0M-113.7K0.6111.90N/AN/A3,5672,18698,69725,610
2009-01-22$4.20$5.00118.4%33.9%102.0%35.0%118.6%12.5%-11.5%139.1K-13.2M-112.0K1.0712.61N/AN/A2,0572,198100,90326,604
2009-01-23$4.51$5.00106.1%30.4%106.2%29.8%106.7%35.0%1.4%142.2K-16.4M-133.6K0.4910.76N/AN/A1,808892102,37928,384
2009-01-26$4.56$5.00107.6%30.9%106.1%30.4%107.9%18.8%0.5%217.1K-11.4M-122.7K0.1711.35N/AN/A1,700297103,21827,997
2009-01-27$4.47$5.00103.7%29.7%104.9%28.8%104.0%41.2%2.3%140.7K-18.8M-129.9K1.1213.49N/AN/A501561104,21627,961
2009-01-28$5.10$5.0096.7%27.7%112.0%25.8%96.6%36.0%11.9%190.5K-21.0M-145.2K1.4511.65N/AN/A7541,096104,12727,973
2009-01-29$4.50$5.00102.1%29.3%118.9%28.1%102.1%30.6%3.4%149.4K-17.4M-132.8K0.308.60N/AN/A1,222367104,45928,382
2009-01-30$4.51$5.00102.5%29.4%117.1%28.3%102.4%30.3%10.1%154.1K-16.3M-125.2K0.5915.64N/AN/A1,084636104,19128,642