BX Options History — March 2010

In March 2010, BX traded between $13.96 and $14.90. ATM implied volatility averaged 30.8%, placing in the 2.1% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 5.4% (HV 20d: 25.4%). Max pain ranged from $14.00 to $14.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.76.

Notable Days

  • 2010-03-10: Highest Volume — 943,825 contracts
  • 2010-03-05: Largest IV drop — 13.2% change
  • 2010-03-15: Highest IV Rank — 4.1%
  • 2010-03-15: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.45$13.96$14.90$14.11$14.00
Max Pain$14.00$14.00$14.00$14.00$14.00
ATM IV30.8%26.3%34.1%32.0%29.0%
Expected Move8.9%7.6%9.8%9.2%8.3%
HV 20d25.4%20.4%35.1%35.1%28.1%
HV 60d31.9%31.4%32.6%31.5%31.6%
IV Rank2.1%0.0%4.1%1.6%3.1%
IV Percentile2.9%0.0%8.7%2.0%2.0%
Term Structure4.0%-1.6%5.9%3.4%5.9%
VWIV32.1%27.5%50.9%33.4%29.3%
Skew 25d5.6%3.2%7.2%7.1%3.6%
Skew 10d11.9%7.0%16.1%11.7%7.0%
Call IV 25d29.4%25.4%31.3%29.5%29.0%
Put IV 25d35.0%31.4%38.3%36.7%32.6%
Bid-Ask Spread %5.352.547.684.564.20
Gamma HHI0.300.210.650.320.31
Net GEX1.1M-3.0M2.1M1.5M881.2K
Net DEX-21.4M-50.8M10.0M-23.1M-5.2M
Net VEX-447.0K-494.5K-407.2K-412.1K-490.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.005.380.420.60
Total Volume50,878.0874,925943,8255,9698,003
Total OI217,334.913155,177248,992235,614192,203

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$14.11$14.0032.0%9.2%35.1%1.6%33.4%7.1%3.4%1.5M-23.1M-412.1K0.424.56N/AN/A4,2141,755149,04686,568
2010-03-02$14.11$14.0031.7%9.1%28.7%1.5%33.3%6.3%3.0%1.6M-21.9M-407.2K0.935.39N/AN/A3,4663,228149,46787,237
2010-03-03$14.23$14.0033.5%9.6%26.8%2.5%32.8%4.8%-0.1%1.6M-27.1M-414.8K0.235.15N/AN/A14,3123,256149,47087,319
2010-03-04$14.32$14.0033.3%9.6%26.4%2.4%35.6%3.2%-1.6%1.6M-28.0M-424.2K0.672.54N/AN/A3,7712,508152,22289,308
2010-03-05$14.90$14.0028.9%8.8%24.4%0.0%31.4%7.2%5.4%1.9M-50.8M-447.9K0.306.62N/AN/A16,6795,080153,64790,660
2010-03-08$14.65$14.0032.5%9.1%25.8%2.1%33.0%6.6%4.5%1.9M-40.5M-441.3K0.247.68N/AN/A8,4872,008156,86490,322
2010-03-09$14.85$14.0031.0%9.2%24.0%1.2%33.7%7.2%4.8%2.0M-47.0M-450.2K0.577.04N/AN/A4,4532,544157,58591,407
2010-03-10$14.84$14.0031.7%9.2%24.0%1.6%50.9%7.1%4.1%2.1M-45.2M-443.4K0.005.65N/AN/A940,3433,482156,37492,412
2010-03-11$14.90$14.0032.5%9.3%21.6%2.2%33.5%6.6%4.2%1.7M-33.6M-457.3K0.465.31N/AN/A10,7524,988140,10893,198
2010-03-12$14.65$14.0031.1%8.9%23.5%1.6%32.8%6.7%4.3%1.1M-20.5M-444.5K0.446.81N/AN/A6,8532,986138,76193,550
2010-03-15$14.43$14.0034.1%9.8%24.0%4.1%31.9%5.8%3.0%836.2K-11.0M-433.3K0.445.10N/AN/A6,1152,669140,17694,521
2010-03-16$14.43$14.0033.3%9.5%20.4%3.5%31.6%6.2%3.3%872.7K-11.6M-431.5K0.685.10N/AN/A2,9351,990142,33295,085
2010-03-17$14.65$14.0030.5%8.7%20.8%1.3%32.3%5.7%3.5%1.3M-18.0M-438.3K0.276.74N/AN/A6,2441,690143,29295,811
2010-03-18$14.50$14.0032.2%9.2%21.3%2.9%31.2%5.5%3.7%933.8K-11.1M-432.2K5.384.44N/AN/A3,14816,950143,01495,635
2010-03-19$13.96$14.0031.9%9.1%25.2%3.4%31.9%5.0%3.2%-3.0M10.0M-428.5K1.384.66N/AN/A3,7505,169143,909103,423
2010-03-22$14.12$14.0030.6%8.8%25.4%1.9%30.5%5.4%4.7%606.8K-8.5M-424.3K0.785.94N/AN/A7,0125,44189,31065,867
2010-03-23$14.39$14.0028.9%8.3%26.2%0.0%27.5%6.0%5.9%832.5K-13.4M-448.1K0.404.93N/AN/A4,1941,68193,97269,840
2010-03-24$14.52$14.0026.3%7.6%26.0%0.0%27.8%4.9%5.9%962.2K-18.7M-464.6K0.644.98N/AN/A4,0522,61396,01070,430
2010-03-25$14.69$14.0027.2%7.8%26.1%1.0%28.1%4.4%5.8%1.1M-25.0M-478.9K0.515.23N/AN/A11,8856,08098,58172,016
2010-03-26$14.53$14.0028.2%8.1%26.5%2.1%28.8%4.7%5.2%1.1M-18.9M-485.3K0.424.45N/AN/A5,0502,103103,38074,541
2010-03-29$14.27$14.0029.9%8.6%27.3%4.1%29.2%4.4%5.5%1.1M-11.6M-488.4K0.735.83N/AN/A5,1363,748106,86076,131
2010-03-30$14.29$14.0029.2%8.4%27.3%3.4%28.3%4.9%5.4%1.1M-11.2M-494.5K1.064.79N/AN/A3,5803,793108,87777,962
2010-03-31$14.00$14.0029.0%8.3%28.1%3.1%29.3%3.6%5.9%881.2K-5.2M-490.0K0.604.20N/AN/A4,9973,006111,05381,150