BX Options History — September 2009

In September 2009, BX traded between $12.03 and $15.05. ATM implied volatility averaged 52.9%, placing in the 3.4% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 9.3% (HV 20d: 43.7%). Max pain ranged from $12.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2009-09-18: Highest Volume — 19,737 contracts
  • 2009-09-11: Largest IV drop — 8.2% change
  • 2009-09-02: Highest IV Rank — 7.3%
  • 2009-09-04: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.71$12.03$15.05$12.25$14.20
Max Pain$14.05$12.00$15.00$14.00$15.00
ATM IV52.9%47.0%59.7%57.6%47.8%
Expected Move15.4%13.5%17.6%16.5%13.7%
HV 20d43.7%36.4%73.8%73.8%36.9%
HV 60d74.8%72.5%76.4%76.3%72.5%
IV Rank3.4%0.6%7.3%7.1%0.9%
IV Percentile6.5%0.4%21.4%15.1%1.2%
Term Structure6.9%2.8%10.8%6.3%10.4%
VWIV53.7%46.4%60.2%60.2%46.7%
Skew 25d5.6%0.8%9.1%4.2%4.9%
Skew 10d13.6%4.5%25.4%6.0%17.1%
Call IV 25d51.7%44.1%61.1%58.5%45.5%
Put IV 25d57.3%49.9%65.4%62.7%50.3%
Bid-Ask Spread %13.787.8020.5013.068.94
Gamma HHI0.190.110.770.140.13
Net GEX932.3K417.5K5.5M504.0K567.7K
Net DEX-41.7M-78.1M-13.4M-18.6M-45.6M
Net VEX-368.9K-392.5K-340.4K-340.4K-369.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.126.312.180.30
Total Volume7,929.3811,69619,73712,0243,626
Total OI192,971.143176,128213,634183,928188,438

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-09-01$12.25$14.0057.6%16.5%73.8%7.1%60.2%4.2%6.3%504.0K-18.6M-340.4K2.1813.06N/AN/A3,7848,240108,03775,891
2009-09-02$12.03$14.0058.0%16.6%48.7%7.3%57.9%0.8%5.2%417.5K-13.4M-342.6K0.298.54N/AN/A3,5471,034108,82182,026
2009-09-03$12.19$14.0055.1%15.8%44.7%5.1%57.1%6.9%7.9%470.4K-15.4M-348.5K0.278.46N/AN/A1,334362111,47082,241
2009-09-04$12.28$12.0052.9%17.6%43.9%3.4%59.9%9.1%4.2%538.3K-17.9M-348.6K0.4718.46N/AN/A3,7011,749111,78982,322
2009-09-08$12.68$12.0056.8%17.4%42.6%4.9%60.2%8.1%2.8%662.7K-24.5M-351.5K0.3218.73N/AN/A2,961961112,77383,191
2009-09-09$12.98$12.0056.1%16.5%43.1%4.6%58.0%5.0%5.6%741.1K-30.0M-356.7K0.5620.08N/AN/A3,2951,858112,61183,492
2009-09-10$13.50$13.0059.7%17.1%45.7%6.1%56.9%7.8%3.1%876.1K-42.5M-364.3K0.5313.34N/AN/A7,7684,098113,40183,711
2009-09-11$13.57$13.0054.7%15.7%45.8%4.0%56.9%6.2%5.7%866.7K-40.7M-364.7K0.2020.50N/AN/A6,6971,370114,72786,298
2009-09-14$13.94$13.0055.2%15.8%46.1%4.2%56.4%7.3%4.5%971.3K-48.2M-364.3K0.2315.72N/AN/A7,5631,737113,52786,445
2009-09-15$13.99$13.0055.3%15.8%36.4%4.2%54.1%6.5%4.3%1.1M-48.6M-371.3K6.3118.60N/AN/A2,10513,280115,22687,608
2009-09-16$14.68$15.0053.8%15.4%39.6%3.6%55.3%6.8%3.7%1.2M-65.6M-378.3K0.1816.22N/AN/A14,6352,692115,36891,295
2009-09-17$15.05$15.0053.8%15.4%40.0%3.6%54.3%6.2%5.3%1.7M-78.1M-387.8K0.6016.01N/AN/A8,8495,288117,71392,257
2009-09-18$15.00$15.0050.4%14.5%39.8%2.1%50.3%4.5%6.4%5.5M-73.4M-390.2K0.4817.13N/AN/A13,3626,375118,10795,527
2009-09-21$14.45$15.0051.5%14.8%42.5%2.6%51.2%6.3%9.7%444.1K-49.1M-388.1K0.439.78N/AN/A4,8432,098103,26572,863
2009-09-22$14.66$15.0048.3%13.9%39.5%1.2%48.4%2.8%9.5%473.0K-54.7M-392.5K0.2514.55N/AN/A5,8601,478105,72174,180
2009-09-23$14.53$15.0047.0%13.5%39.1%0.6%47.8%6.2%10.5%460.9K-50.2M-387.5K0.2511.74N/AN/A2,684680105,77975,215
2009-09-24$14.00$15.0050.8%14.6%41.7%2.3%51.6%5.5%9.5%482.7K-40.2M-377.9K0.4610.91N/AN/A4,1711,926106,80475,230
2009-09-25$13.79$15.0049.2%14.1%42.1%1.6%50.4%3.2%10.0%487.0K-36.5M-375.0K1.0911.85N/AN/A1,4221,555108,63576,366
2009-09-28$14.11$15.0049.6%14.2%42.8%1.7%46.7%5.7%10.5%498.3K-43.0M-372.3K0.127.80N/AN/A3,653425109,34977,034
2009-09-29$14.05$15.0048.2%13.8%42.2%1.1%46.4%3.7%10.8%545.3K-40.6M-374.4K0.298.89N/AN/A2,679772110,61677,025
2009-09-30$14.20$15.0047.8%13.7%36.9%0.9%46.7%4.9%10.4%567.7K-45.6M-369.3K0.308.94N/AN/A2,779847111,27577,163