BX Options History — February 2009

In February 2009, BX traded between $3.87 and $5.37. ATM implied volatility averaged 120.5%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 33.8%. IV traded above realized volatility by 4.3% (HV 20d: 116.3%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.74.

Notable Days

  • 2009-02-27: Highest Volume — 24,787 contracts
  • 2009-02-18: Largest IV spike — 22.9% change
  • 2009-02-26: Highest IV Rank — 48.8%
  • 2009-02-26: Largest Expected Move — 43.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.50$3.87$5.37$4.29$4.87
Max Pain$6.97$5.00$7.50$5.00$7.50
ATM IV120.5%103.1%151.4%106.0%117.8%
Expected Move33.8%19.5%43.4%30.4%33.8%
HV 20d116.3%107.1%132.1%110.3%132.1%
HV 60d120.2%102.3%128.0%123.8%113.2%
IV Rank35.9%28.5%48.8%29.8%34.7%
IV Percentile81.9%71.8%95.2%74.6%78.2%
Term Structure-11.0%-56.0%22.1%2.6%17.5%
VWIV117.4%63.8%144.9%105.6%112.2%
Skew 25d20.5%-33.8%63.6%34.6%38.2%
Skew 10d49.4%-13.9%85.6%66.4%58.3%
Call IV 25d116.5%84.5%185.7%107.2%121.5%
Put IV 25d137.0%95.6%174.8%141.8%159.7%
Bid-Ask Spread %9.294.6714.3912.635.54
Gamma HHI0.450.370.670.460.42
Net GEX132.9K48.4K226.9K104.9K154.3K
Net DEX-19.2M-26.9M5.2M-20.7M-23.9M
Net VEX-112.7K-153.8K-22.1K-115.3K-129.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.054.060.450.14
Total Volume2,609.57952324,7871,60524,787
Total OI136,830.632133,068141,015133,885135,434

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$4.29$5.00106.0%30.4%110.3%29.8%105.6%34.6%2.6%104.9K-20.7M-115.3K0.4512.63N/AN/A1,104501104,91528,970
2009-02-03$4.43$5.00113.9%32.7%108.9%33.1%113.9%-5.2%-10.4%102.9K-22.2M-114.1K0.3114.39N/AN/A400123105,41329,113
2009-02-04$4.80$5.00105.1%30.1%109.4%29.4%105.1%30.0%4.9%108.1K-25.5M-125.0K0.5612.91N/AN/A713399105,61829,137
2009-02-05$4.80$5.00103.1%29.6%107.1%28.5%103.1%21.8%7.9%153.3K-21.1M-139.3K0.169.52N/AN/A1,246200105,91829,232
2009-02-06$5.37$7.50104.4%31.6%116.8%29.1%106.0%21.7%-10.5%217.4K-23.7M-153.8K0.599.56N/AN/A1,546915105,93029,209
2009-02-09$4.94$7.50107.8%31.0%119.1%30.5%110.1%18.7%0.4%175.7K-21.8M-140.0K0.526.53N/AN/A2,1481,115106,47229,494
2009-02-10$4.45$7.50121.8%29.9%117.2%36.4%108.2%63.6%-10.5%101.7K-23.5M-109.6K0.428.51N/AN/A844358107,81630,083
2009-02-11$4.61$7.50105.5%19.5%118.0%29.6%63.8%11.1%22.1%226.9K-11.0M-115.1K1.736.28N/AN/A501868108,32630,237
2009-02-12$4.88$7.50108.5%31.1%118.2%30.8%108.4%29.3%-3.3%107.7K-26.9M-123.2K0.2113.95N/AN/A814172108,62230,814
2009-02-13$5.03$7.50108.6%31.1%117.2%30.9%107.3%24.6%-9.6%170.2K-22.7M-145.2K0.278.37N/AN/A694187108,96930,877
2009-02-17$4.55$7.50112.4%32.2%122.0%32.5%112.4%44.0%-33.6%177.8K-17.8M-124.2K2.905.56N/AN/A249723109,34331,019
2009-02-18$4.23$7.50138.2%39.6%117.5%43.3%141.7%-4.7%-56.0%92.2K-22.0M-100.0K0.174.67N/AN/A870144109,51831,129
2009-02-19$4.05$7.50135.5%38.9%117.2%42.2%136.4%-5.4%-23.3%97.1K-20.1M-95.6K0.166.09N/AN/A1,222199109,59231,147
2009-02-20$3.96$7.50133.9%38.4%116.4%41.5%135.5%-8.4%-16.1%150.7K-9.1M-91.2K0.3713.65N/AN/A430157109,83631,179
2009-02-23$3.89$7.50144.7%41.5%113.1%46.0%144.9%41.6%-16.4%48.4K5.2M-22.1K0.059.72N/AN/A1,16455103,63729,431
2009-02-24$4.29$7.50130.5%37.4%119.0%40.1%131.6%62.6%-21.5%128.0K-20.2M-106.5K0.4113.29N/AN/A1,556635104,39529,374
2009-02-25$4.12$7.50141.1%40.4%119.6%44.5%141.1%-33.8%-23.5%102.5K-18.6M-97.2K0.645.50N/AN/A1,028655104,70329,760
2009-02-26$3.87$7.50151.4%43.4%109.8%48.8%142.7%5.8%-29.1%104.5K-18.8M-94.9K4.069.90N/AN/A170690105,38129,739
2009-02-27$4.87$7.50117.8%33.8%132.1%34.7%112.2%38.2%17.5%154.3K-23.9M-129.7K0.145.54N/AN/A21,7683,019105,46229,972