BX Options History — December 2009

In December 2009, BX traded between $13.11 and $13.87. ATM implied volatility averaged 41.5%, placing in the 2.3% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 5.9% (HV 20d: 35.6%). Max pain ranged from $14.00 to $15.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.07.

Notable Days

  • 2009-12-16: Highest Volume — 19,834 contracts
  • 2009-12-21: Largest IV drop — 24.4% change
  • 2009-12-01: Highest IV Rank — 6.0%
  • 2009-12-01: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.41$13.11$13.87$13.61$13.12
Max Pain$14.23$14.00$15.00$15.00$14.00
ATM IV41.5%33.8%50.2%50.2%35.5%
Expected Move12.2%9.7%14.4%14.4%10.2%
HV 20d35.6%22.5%48.0%48.0%22.5%
HV 60d53.6%50.7%55.7%55.7%50.7%
IV Rank2.3%0.0%6.0%6.0%1.0%
IV Percentile2.1%0.0%9.5%9.5%0.4%
Term Structure6.7%2.0%11.9%2.0%7.0%
VWIV42.7%34.2%50.9%50.9%35.4%
Skew 25d4.0%-1.4%10.8%0.9%-1.1%
Skew 10d9.2%-7.9%25.7%-3.9%2.9%
Call IV 25d41.4%32.7%51.3%51.3%37.1%
Put IV 25d45.4%36.0%52.6%52.2%36.0%
Bid-Ask Spread %8.515.9911.8810.199.05
Gamma HHI0.150.110.390.110.12
Net GEX285.2K-1.2M976.7K905.7K348.1K
Net DEX3.0M-5.9M26.0M-3.7M-2.1M
Net VEX-355.0K-401.2K-326.2K-388.2K-332.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.145.440.400.43
Total Volume7,704.4553,03719,8349,9274,540
Total OI247,035.591195,519284,486253,051220,248

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-12-01$13.61$15.0050.2%14.4%48.0%6.0%50.9%0.9%2.0%905.7K-3.7M-388.2K0.4010.19N/AN/A7,0892,838150,902102,149
2009-12-02$13.55$15.0049.2%14.1%47.9%5.3%50.5%2.3%4.9%917.3K-5.2M-401.2K0.6510.60N/AN/A2,3581,524154,852103,279
2009-12-03$13.54$15.0048.4%13.9%47.8%4.8%48.3%-1.4%2.6%892.0K-3.7M-391.1K0.449.40N/AN/A3,2661,427155,776104,215
2009-12-04$13.69$14.0040.9%13.7%47.9%0.2%48.8%4.0%6.3%976.7K-5.9M-390.3K3.579.01N/AN/A2,89110,321155,373104,507
2009-12-07$13.65$14.0040.9%13.3%40.5%0.2%47.7%2.9%8.0%539.7K-350.6K-381.9K0.388.11N/AN/A2,9991,131156,195109,372
2009-12-08$13.34$14.0042.3%13.7%35.6%1.0%48.5%4.6%7.7%369.0K8.2M-366.2K0.549.98N/AN/A3,7512,043157,451109,344
2009-12-09$13.37$14.0039.5%13.0%35.5%0.0%45.6%6.4%11.9%275.8K10.2M-359.1K1.7511.88N/AN/A2,7794,858157,771109,859
2009-12-10$13.87$14.0045.8%13.1%37.4%3.8%45.7%4.9%7.3%575.8K-5.6M-380.4K0.5510.27N/AN/A3,6401,997158,817111,649
2009-12-11$13.71$14.0044.8%12.8%36.6%3.2%44.6%1.2%7.3%415.5K528.3K-366.7K0.6410.97N/AN/A1,8531,184159,225112,072
2009-12-14$13.70$14.0043.6%12.5%36.6%2.5%45.1%2.7%9.4%345.1K2.7M-353.2K0.858.35N/AN/A2,4882,118159,973112,634
2009-12-15$13.42$14.0043.8%12.6%37.0%2.6%43.7%4.3%9.6%91.1K11.4M-337.7K5.447.77N/AN/A2,11511,515160,194112,104
2009-12-16$13.39$14.0041.0%11.8%36.8%0.9%42.6%6.2%10.7%-188.4K17.9M-339.8K3.797.88N/AN/A4,13915,695160,358117,105
2009-12-17$13.23$15.0043.3%12.4%35.7%2.3%41.6%3.6%7.4%-773.4K25.2M-331.7K0.687.58N/AN/A2,5701,738161,656121,796
2009-12-18$13.17$15.0044.7%12.8%35.6%3.2%47.3%10.8%7.1%-1.2M26.0M-326.2K0.667.28N/AN/A7,7665,157162,658121,828
2009-12-21$13.50$14.0033.8%9.7%37.0%0.0%39.6%6.7%10.2%130.9K-3.2M-343.2K0.407.72N/AN/A7,1792,848112,71882,801
2009-12-22$13.24$14.0038.8%11.1%37.1%2.9%34.2%7.7%3.7%169.9K471.4K-341.3K0.336.25N/AN/A6,6022,163116,97684,878
2009-12-23$13.18$14.0037.3%10.7%28.3%2.1%34.2%5.4%5.0%271.8K-1.2M-346.7K0.146.40N/AN/A6,9781,002121,23586,274
2009-12-24$13.17$14.0038.1%10.9%28.1%2.6%37.2%5.4%5.3%270.9K-1.8M-332.7K0.265.99N/AN/A3,258833121,45486,324
2009-12-28$13.19$14.0037.7%10.8%25.7%2.3%35.2%4.3%3.8%333.5K-2.3M-326.5K1.026.98N/AN/A4,0914,154122,94186,842
2009-12-29$13.11$14.0035.6%10.2%22.9%1.1%35.3%2.6%7.6%302.6K-716.2K-335.6K0.307.82N/AN/A3,5201,070124,93488,898
2009-12-30$13.19$14.0038.8%11.1%22.5%3.0%36.9%3.5%2.7%293.7K-1.4M-338.1K0.287.83N/AN/A6,2491,761125,59489,552
2009-12-31$13.12$14.0035.5%10.2%22.5%1.0%35.4%-1.1%7.0%348.1K-2.1M-332.3K0.439.05N/AN/A3,1701,370129,47590,773