BX Options History — July 2009

In July 2009, BX traded between $8.60 and $11.70. ATM implied volatility averaged 58.3%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded below realized volatility by 5.7% (HV 20d: 64.0%). Max pain ranged from $10.00 to $11.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2009-07-08: Highest Volume — 13,781 contracts
  • 2009-07-16: Largest IV spike — 21.0% change
  • 2009-07-13: Highest IV Rank — 13.6%
  • 2009-07-10: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.40$8.60$11.70$10.81$11.26
Max Pain$10.55$10.00$11.00$11.00$11.00
ATM IV58.3%47.2%69.3%47.2%61.1%
Expected Move17.6%13.5%20.6%13.5%17.5%
HV 20d64.0%46.7%72.2%47.8%72.2%
HV 60d75.6%64.7%82.3%79.2%64.7%
IV Rank8.9%4.2%13.6%4.2%10.1%
IV Percentile21.9%9.1%37.3%9.1%26.2%
Term Structure0.3%-4.2%13.9%13.9%-4.2%
VWIV61.3%49.2%72.0%49.2%60.7%
Skew 25d6.9%0.4%11.7%7.5%5.0%
Skew 10d15.6%1.8%38.3%2.5%26.8%
Call IV 25d58.8%44.9%72.1%44.9%59.0%
Put IV 25d65.7%51.7%80.1%52.4%64.0%
Bid-Ask Spread %14.189.2119.9510.3610.69
Gamma HHI0.170.150.220.180.15
Net GEX482.4K252.9K654.8K527.5K615.5K
Net DEX-21.4M-38.9M2.8M-27.3M-32.7M
Net VEX-269.6K-293.2K-217.1K-289.8K-281.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.071.591.181.38
Total Volume4,403.2731,32413,7813,9542,685
Total OI165,419.636157,182174,394161,281164,241

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$10.81$11.0047.2%13.5%47.8%4.2%49.2%7.5%13.9%527.5K-27.3M-289.8K1.1810.36N/AN/A1,8112,143110,56650,715
2009-07-02$10.72$11.0048.4%13.9%46.7%4.7%49.2%3.9%13.8%536.6K-27.7M-292.9K1.0419.95N/AN/A1,3381,394111,69251,540
2009-07-06$10.18$11.0055.6%18.6%49.8%7.8%64.1%8.3%-2.0%473.1K-17.3M-270.9K0.1818.03N/AN/A5,632989112,28251,777
2009-07-07$9.61$11.0059.1%18.8%52.8%9.2%68.7%8.1%-3.9%389.3K-9.7M-254.0K0.7617.85N/AN/A4,9763,785112,80952,226
2009-07-08$8.60$11.0062.8%20.4%64.4%10.8%72.0%8.0%-1.6%285.8K1.9M-217.1K1.5918.67N/AN/A5,3128,469113,72053,596
2009-07-09$8.68$11.0065.3%20.3%64.8%11.9%70.1%9.6%-2.8%255.6K2.4M-229.4K0.6116.03N/AN/A1,600981113,94857,368
2009-07-10$8.73$11.0058.7%20.6%57.8%9.1%71.3%9.0%-4.2%252.9K2.8M-226.8K0.5813.08N/AN/A2,0111,158113,97557,806
2009-07-13$9.13$10.0069.3%19.7%61.6%13.6%66.7%11.7%-1.9%283.5K-1.6M-242.0K0.259.21N/AN/A2,733675114,73157,561
2009-07-14$9.48$10.0058.2%19.7%63.8%8.9%65.0%8.9%-1.5%325.0K-6.6M-259.9K0.3915.18N/AN/A3,5371,381115,55057,704
2009-07-15$9.97$10.0051.7%18.1%67.1%6.1%62.1%10.0%0.4%331.5K-13.9M-268.5K0.4319.31N/AN/A2,107896115,92957,868
2009-07-16$10.58$10.0062.6%17.9%70.8%10.7%63.1%6.7%-1.8%445.3K-25.1M-293.2K0.4014.34N/AN/A2,7791,119116,40957,985
2009-07-17$10.39$10.0063.6%18.2%70.8%11.2%61.1%7.5%0.7%444.3K-21.2M-270.2K0.3117.80N/AN/A3,7791,157115,31456,655
2009-07-20$10.64$10.0056.8%16.3%66.6%8.3%57.6%7.6%0.6%544.4K-26.6M-271.0K0.9311.67N/AN/A2,4972,334108,12049,062
2009-07-21$10.48$10.0061.0%17.5%65.0%10.1%59.2%9.0%-2.6%541.4K-24.5M-275.6K0.449.80N/AN/A3,3671,492109,60950,570
2009-07-22$10.86$10.0056.9%16.3%65.7%8.3%54.9%4.5%-1.2%590.1K-30.2M-281.5K0.4614.30N/AN/A1,472678109,97251,153
2009-07-23$11.60$10.0054.7%15.7%69.7%7.4%55.9%4.8%1.4%654.8K-37.6M-288.7K0.5614.47N/AN/A5,1492,887107,53351,436
2009-07-24$11.58$10.0056.1%16.1%69.5%8.0%59.6%2.9%3.3%637.5K-37.4M-289.1K0.3814.92N/AN/A1,213457108,30252,434
2009-07-27$11.70$11.0056.4%16.2%69.2%8.1%58.5%5.0%2.3%654.3K-38.9M-288.4K0.5512.35N/AN/A954522108,41052,590
2009-07-28$11.53$11.0055.8%16.0%69.4%7.9%57.9%8.7%2.4%635.4K-36.2M-283.6K0.319.42N/AN/A1,009315108,32552,462
2009-07-29$10.96$11.0060.1%17.2%71.2%9.7%60.5%0.4%-1.7%564.3K-28.4M-273.0K0.4913.57N/AN/A3,6401,783108,65052,619
2009-07-30$11.42$11.0061.9%17.7%72.1%10.5%61.0%4.5%-3.4%625.1K-35.3M-284.6K0.0710.90N/AN/A2,486170110,17353,845
2009-07-31$11.26$11.0061.1%17.5%72.2%10.1%60.7%5.0%-4.2%615.5K-32.7M-281.6K1.3810.69N/AN/A1,1291,556110,29253,949