BX Options History — January 2014

In January 2014, BX traded between $30.52 and $33.19. ATM implied volatility averaged 32.6%, placing in the 46.5% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 12.8% (HV 20d: 19.8%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.43.

Notable Days

  • 2014-01-30: Highest Volume — 72,500 contracts
  • 2014-01-24: Largest IV spike — 22.6% change
  • 2014-01-27: Highest IV Rank — 88.2%
  • 2014-01-29: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.93$30.52$33.19$31.28$32.75
Max Pain$27.90$25.00$30.00$30.00$25.00
ATM IV32.6%26.7%42.4%32.9%29.9%
Expected Move9.2%8.7%9.9%9.2%9.1%
HV 20d19.8%15.3%29.4%17.7%29.4%
HV 60d29.6%27.9%32.2%32.2%28.6%
IV Rank46.5%21.1%88.2%47.7%35.0%
IV Percentile75.3%24.2%99.6%84.1%63.1%
Term Structure-1.9%-6.1%0.9%0.1%0.0%
VWIV33.5%30.3%38.7%33.7%32.4%
Skew 25d4.3%1.8%5.9%4.8%3.5%
Skew 10d8.6%3.0%17.2%9.8%6.2%
Call IV 25d30.5%24.7%39.6%31.1%28.8%
Put IV 25d34.9%28.3%44.8%35.9%32.2%
Bid-Ask Spread %14.265.9945.569.5816.09
Gamma HHI0.210.120.390.390.14
Net GEX11.4M9.7M15.1M11.0M15.0M
Net DEX-620.4M-853.0M-301.2M-745.7M-460.9M
Net VEX-2.1M-2.3M-1.9M-2.2M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.091.360.410.20
Total Volume26,841.5715,42872,50022,98420,197
Total OI492,699.905362,944586,586552,214439,574

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-01-02$31.28$30.0032.9%9.2%17.7%47.7%33.7%4.8%0.1%11.0M-745.7M-2.2M0.419.58N/AN/A16,3356,649343,802208,412
2014-01-03$32.05$30.0030.0%9.0%17.7%35.2%35.4%4.5%0.9%10.1M-807.6M-1.9M0.309.69N/AN/A16,9335,141338,403213,437
2014-01-06$31.48$30.0033.1%9.1%18.2%48.3%32.8%5.9%-2.1%10.5M-750.0M-1.9M0.579.13N/AN/A14,8648,434337,043212,036
2014-01-07$31.75$30.0031.7%9.1%17.8%42.3%32.8%5.8%-1.8%10.4M-779.1M-2.0M0.368.54N/AN/A16,1255,800345,760212,602
2014-01-08$31.52$30.0032.0%9.1%18.3%43.7%33.3%5.6%-2.1%10.8M-775.1M-2.1M0.0911.42N/AN/A15,2371,341353,883214,170
2014-01-09$31.94$30.0031.8%9.1%17.2%42.9%38.7%5.0%-2.1%10.2M-784.8M-2.0M0.868.71N/AN/A4,1203,538342,822214,541
2014-01-10$32.28$30.0032.0%9.1%17.1%43.8%37.2%5.5%-2.8%9.8M-813.1M-2.0M0.6110.42N/AN/A13,5388,219344,460215,848
2014-01-13$32.09$27.0033.7%9.1%17.1%50.8%32.4%3.2%-3.8%9.7M-791.8M-2.0M0.127.87N/AN/A30,8993,650344,598216,404
2014-01-14$32.07$27.0032.8%9.1%17.2%47.2%35.7%3.9%-3.1%11.0M-798.4M-2.0M0.3611.83N/AN/A3,9971,431355,008217,704
2014-01-15$32.35$27.0034.2%9.1%17.2%53.1%32.9%2.6%-4.0%11.1M-795.4M-2.0M0.135.99N/AN/A21,4372,843347,162217,196
2014-01-16$32.49$27.0032.0%9.1%16.4%43.7%32.2%4.2%-1.3%12.5M-810.5M-2.0M0.0910.47N/AN/A44,5993,872355,380219,084
2014-01-17$32.69$27.0028.9%8.9%15.7%30.5%32.2%3.8%-2.1%13.0M-853.0M-2.0M0.239.18N/AN/A24,4085,735364,970221,616
2014-01-21$32.92$27.0027.5%8.7%15.3%24.3%30.3%4.3%-1.0%12.7M-450.5M-2.0M0.3811.98N/AN/A11,2534,284235,363127,581
2014-01-22$33.19$27.0026.7%9.7%15.3%21.1%34.7%3.6%-1.1%12.7M-472.3M-2.0M0.6021.33N/AN/A13,6438,229236,578130,453
2014-01-23$31.81$27.0032.3%9.0%21.7%44.9%33.0%3.5%-0.0%10.3M-366.4M-2.1M0.2719.38N/AN/A39,04010,404242,933135,839
2014-01-24$31.13$27.0039.6%9.0%23.1%76.2%31.0%4.5%-1.1%11.2M-333.3M-2.2M0.4614.43N/AN/A34,96516,155257,170141,294
2014-01-27$30.52$27.0042.4%9.9%24.0%88.2%31.7%5.1%-6.1%10.1M-301.2M-2.2M0.2520.55N/AN/A22,6875,652259,382141,796
2014-01-28$31.11$27.0036.8%9.4%25.1%64.2%32.4%5.0%-2.2%11.8M-346.9M-2.2M1.3616.80N/AN/A5,7327,793263,677144,157
2014-01-29$30.93$27.0035.7%9.9%25.1%59.8%36.5%4.7%-2.2%11.6M-337.9M-2.2M0.9645.56N/AN/A6,1115,883265,451148,984
2014-01-30$32.23$27.0029.5%9.1%29.1%33.3%31.3%1.8%-1.0%15.1M-455.2M-2.1M0.4020.47N/AN/A51,83520,665268,240151,885
2014-01-31$32.75$25.0029.9%9.1%29.4%35.0%32.4%3.5%0.0%15.0M-460.9M-2.3M0.2016.09N/AN/A16,8443,353275,661163,913