BX Options History — March 2009

In March 2009, BX traded between $4.77 and $8.20. ATM implied volatility averaged 137.6%, placing in the 43.1% IV rank vs the trailing year. The 30-day expected move averaged 38.6%. IV traded below realized volatility by 2.5% (HV 20d: 140.2%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.64.

Notable Days

  • 2009-03-23: Highest Volume — 58,672 contracts
  • 2009-03-03: Largest IV spike — 40.7% change
  • 2009-03-10: Highest IV Rank — 70.1%
  • 2009-03-04: Largest Expected Move — 51.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.46$4.77$8.20$4.77$7.25
Max Pain$5.23$5.00$7.50$5.00$5.00
ATM IV137.6%63.1%202.1%119.6%63.1%
Expected Move38.6%18.1%51.5%34.3%18.1%
HV 20d140.2%120.5%153.9%132.4%120.5%
HV 60d120.1%113.0%127.9%113.0%127.1%
IV Rank43.1%11.8%70.1%35.5%11.8%
IV Percentile80.8%44.8%99.2%80.6%44.8%
Term Structure-22.9%-100.5%24.1%10.7%24.1%
VWIV133.8%81.0%195.0%120.9%81.0%
Skew 25d-9.1%-94.2%78.1%0.1%6.9%
Skew 10d53.6%-45.8%124.2%9.3%32.7%
Call IV 25d125.8%51.1%195.8%128.2%87.3%
Put IV 25d116.7%94.1%149.2%128.4%94.2%
Bid-Ask Spread %17.765.4229.0812.5316.65
Gamma HHI0.380.330.480.390.40
Net GEX244.0K166.7K388.8K166.7K388.8K
Net DEX-41.1M-62.6M-29.2M-29.2M-46.8M
Net VEX-196.7K-261.9K-131.8K-131.8K-249.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.112.720.310.34
Total Volume9,459.7731,02258,6722,5753,454
Total OI172,581.045148,657199,736149,585199,736

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$4.77$5.00119.6%34.3%132.4%35.5%120.9%0.1%10.7%166.7K-29.2M-131.8K0.3112.53N/AN/A1,970605118,06031,525
2009-03-03$5.69$5.00168.3%48.3%144.3%55.9%182.5%-78.2%-83.2%177.1K-35.1M-162.1K0.3010.09N/AN/A16,0064,775118,16531,529
2009-03-04$6.13$7.50179.8%51.5%145.8%60.7%157.5%-42.8%-38.1%205.3K-31.4M-188.8K0.425.42N/AN/A14,3406,058120,08334,697
2009-03-05$5.44$7.50160.5%46.0%151.3%52.6%195.0%-94.2%-70.3%176.5K-37.2M-154.7K0.748.37N/AN/A1,7011,254127,53338,944
2009-03-06$5.93$5.00159.0%46.8%153.9%52.0%157.4%-56.9%-1.8%192.0K-37.5M-181.2K0.4027.96N/AN/A3,3721,347124,55538,899
2009-03-09$5.61$5.00171.6%49.6%150.6%57.3%176.4%-28.9%-100.5%172.8K-36.7M-167.1K0.2429.08N/AN/A825197126,76939,821
2009-03-10$5.98$5.00202.1%45.0%148.6%70.1%139.0%-48.9%-30.5%213.5K-35.5M-165.7K2.0617.39N/AN/A6741,390126,92439,834
2009-03-11$6.10$5.00192.1%48.2%142.4%65.9%147.4%-80.0%-25.6%208.0K-37.9M-184.7K1.4915.01N/AN/A2,4933,706125,86239,967
2009-03-12$6.10$5.00162.9%46.7%142.3%53.7%142.7%-76.1%-24.9%207.6K-33.8M-164.6K0.1316.29N/AN/A3,928498126,33042,056
2009-03-13$5.96$5.00149.7%42.9%141.9%48.1%143.6%-61.1%-44.3%222.5K-37.2M-182.3K2.7220.38N/AN/A4891,331129,19042,303
2009-03-16$6.06$5.00150.6%43.2%141.7%48.5%146.7%40.8%-47.3%226.4K-35.2M-167.5K1.1121.74N/AN/A1,5001,659129,38642,493
2009-03-17$5.97$5.00154.5%44.3%136.1%50.1%144.6%64.0%-40.8%219.2K-32.6M-189.9K1.1922.15N/AN/A9201,096129,57843,762
2009-03-18$6.07$5.00143.2%41.0%132.2%45.4%116.2%78.1%-9.9%224.8K-38.7M-186.3K0.1125.12N/AN/A3,713392129,87544,452
2009-03-19$6.50$5.00109.1%31.3%131.3%31.1%113.4%22.6%1.8%231.5K-40.8M-182.8K0.1426.23N/AN/A9,9441,422131,65944,546
2009-03-20$6.30$5.00107.7%30.9%131.7%30.5%113.6%34.4%-7.6%243.6K-35.7M-182.6K0.589.62N/AN/A2,6871,569131,74945,107
2009-03-23$7.81$5.00118.1%33.9%147.1%34.8%127.6%27.5%6.1%269.2K-51.0M-233.2K0.4018.60N/AN/A42,04516,627112,90935,748
2009-03-24$8.20$5.00112.4%32.2%145.3%32.4%111.3%35.0%-1.3%383.7K-55.4M-251.8K0.177.10N/AN/A18,7863,214135,58149,425
2009-03-25$7.79$5.00103.2%29.6%146.1%28.6%112.2%16.0%-33.9%317.2K-53.8M-240.3K0.5823.16N/AN/A6,3373,659136,56550,936
2009-03-26$7.90$5.00101.7%29.1%142.0%28.0%102.5%36.1%0.3%307.2K-62.6M-261.9K0.3023.97N/AN/A3,8361,147138,40253,038
2009-03-27$7.75$5.0098.8%28.3%123.1%26.8%100.5%-14.4%6.7%302.7K-59.8M-257.5K0.2017.58N/AN/A5,5541,100140,00153,482
2009-03-30$6.84$5.00100.4%28.8%133.2%27.4%112.4%19.3%7.1%311.1K-41.3M-241.5K0.1616.24N/AN/A9,0841,411141,41653,891
2009-03-31$7.25$5.0063.1%18.1%120.5%11.8%81.0%6.9%24.1%388.8K-46.8M-249.8K0.3416.65N/AN/A2,578876144,99954,737