BX Options History — April 2009

In April 2009, BX traded between $7.24 and $9.79. ATM implied volatility averaged 89.2%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 26.4%. IV traded below realized volatility by 14.3% (HV 20d: 103.5%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2009-04-09: Highest Volume — 22,122 contracts
  • 2009-04-07: Largest IV spike — 96.5% change
  • 2009-04-13: Highest IV Rank — 32.5%
  • 2009-04-13: Largest Expected Move — 32.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.15$7.24$9.79$7.33$9.79
Max Pain$7.31$5.00$7.50$5.00$7.50
ATM IV89.2%45.7%112.4%67.5%59.9%
Expected Move26.4%17.2%32.2%19.3%17.2%
HV 20d103.5%85.0%121.9%118.3%91.0%
HV 60d122.0%117.4%126.7%126.7%118.5%
IV Rank22.7%4.4%32.5%13.6%10.4%
IV Percentile51.4%17.1%67.5%48.0%36.5%
Term Structure-14.3%-57.2%12.3%12.3%-7.1%
VWIV98.9%69.8%125.2%82.3%74.4%
Skew 25d15.5%-35.7%43.8%7.1%25.0%
Skew 10d40.6%11.8%66.4%28.6%38.5%
Call IV 25d88.3%62.2%116.9%91.5%74.9%
Put IV 25d103.8%80.7%117.1%98.6%99.9%
Bid-Ask Spread %19.7414.3728.1617.0922.53
Gamma HHI0.400.350.550.400.48
Net GEX473.3K369.9K744.5K381.2K485.6K
Net DEX-53.4M-72.2M-41.0M-48.2M-72.2M
Net VEX-238.8K-271.8K-215.0K-232.0K-252.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.115.580.560.18
Total Volume6,275.3811,68222,1223,24511,292
Total OI194,564.952181,570205,848200,550186,851

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$7.33$5.0067.5%19.3%118.3%13.6%82.3%7.1%12.3%381.2K-48.2M-232.0K0.5617.09N/AN/A2,0801,165145,49655,054
2009-04-02$7.83$6.0097.1%27.8%109.6%26.0%122.7%-35.7%-47.6%397.4K-55.4M-241.6K0.4818.25N/AN/A4,0281,944145,65055,424
2009-04-03$8.07$7.5095.7%28.7%106.7%25.4%99.5%31.5%-12.3%446.5K-61.6M-271.8K0.2328.16N/AN/A5,5031,251145,62656,204
2009-04-06$7.79$7.5045.7%27.3%105.2%4.4%90.3%19.0%-2.2%475.7K-54.3M-234.6K0.3121.63N/AN/A2,676837144,93656,266
2009-04-07$7.24$7.5089.8%26.8%108.2%23.0%91.1%22.2%5.0%402.0K-44.6M-238.7K0.5214.37N/AN/A1,361710145,26956,606
2009-04-08$7.27$7.5092.2%27.8%108.1%24.0%97.9%21.5%-1.8%376.1K-47.1M-239.9K0.2415.38N/AN/A4,9891,188145,40656,593
2009-04-09$7.63$7.50101.3%29.0%109.0%27.8%100.2%23.2%-5.4%523.6K-51.0M-231.0K5.5821.30N/AN/A3,36318,759147,05656,740
2009-04-13$7.80$7.50112.4%32.2%108.3%32.5%118.3%-9.8%-57.2%468.9K-53.9M-249.2K0.1121.46N/AN/A9,4351,083147,24057,159
2009-04-14$8.37$7.5091.2%26.1%110.1%23.6%96.7%27.8%-6.0%487.8K-59.4M-251.6K0.2021.16N/AN/A11,0442,238143,02557,819
2009-04-15$8.86$7.5091.0%26.1%110.4%23.5%92.0%28.8%-6.2%744.5K-60.0M-244.4K0.1724.21N/AN/A3,880679147,06258,786
2009-04-16$8.90$7.5087.9%25.2%110.5%22.2%102.9%31.6%-10.3%617.9K-65.5M-253.5K0.2021.10N/AN/A4,381891145,87256,866
2009-04-17$8.67$7.5082.6%23.7%110.0%20.0%97.9%24.8%-4.8%674.4K-58.1M-225.4K0.1715.65N/AN/A2,705468146,65457,241
2009-04-20$7.55$7.50109.3%31.3%121.9%31.1%105.8%17.9%-18.9%426.2K-41.0M-215.0K0.5319.43N/AN/A3,4441,810133,09551,078
2009-04-21$7.65$7.50101.5%29.1%94.7%27.9%125.2%-24.3%-43.5%369.9K-42.5M-231.1K0.1119.53N/AN/A7,396800132,74251,697
2009-04-22$7.88$7.50108.1%31.0%93.6%30.6%109.9%-24.6%-55.1%393.6K-42.9M-229.4K0.5417.71N/AN/A1,182637129,58251,988
2009-04-23$8.31$7.5087.2%25.0%93.6%21.9%96.1%38.1%-8.6%396.1K-54.1M-234.8K0.6215.26N/AN/A1,039643130,05352,237
2009-04-24$8.75$7.5082.7%23.7%95.1%20.0%91.1%25.5%-3.2%504.6K-50.2M-236.4K0.2024.91N/AN/A2,834572130,60452,605
2009-04-27$8.25$7.50108.7%31.2%97.5%30.9%115.4%8.8%-26.3%452.9K-48.5M-231.3K0.4515.83N/AN/A2,8291,287131,15352,850
2009-04-28$8.30$7.5086.9%24.9%85.0%21.8%97.4%22.5%-2.5%426.7K-49.8M-234.1K0.4220.99N/AN/A3,4241,453130,55253,700
2009-04-29$8.92$7.5074.8%21.4%86.2%16.7%69.8%43.8%0.1%488.7K-60.9M-236.9K1.0218.64N/AN/A2,2212,262131,26653,761
2009-04-30$9.79$7.5059.9%17.2%91.0%10.4%74.4%25.0%-7.1%485.6K-72.2M-252.9K0.1822.53N/AN/A9,5971,695132,02554,826