BX Options History — March 2014

In March 2014, BX traded between $31.91 and $35.18. ATM implied volatility averaged 30.4%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 6.0% (HV 20d: 24.4%). Max pain ranged from $27.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2014-03-14: Highest Volume — 49,839 contracts
  • 2014-03-24: Largest IV spike — 13.5% change
  • 2014-03-26: Highest IV Rank — 58.8%
  • 2014-03-27: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.62$31.91$35.18$32.68$33.25
Max Pain$29.00$27.00$30.00$27.00$30.00
ATM IV30.4%26.3%35.6%29.9%32.0%
Expected Move9.5%9.2%9.8%9.7%9.4%
HV 20d24.4%19.4%28.9%26.5%28.0%
HV 60d26.0%24.7%27.6%24.8%27.6%
IV Rank36.4%19.4%58.8%34.6%43.1%
IV Percentile57.0%15.9%90.5%59.1%68.7%
Term Structure0.4%-1.8%3.1%0.3%-0.3%
VWIV33.5%30.5%35.2%34.4%35.2%
Skew 25d3.4%2.7%5.1%3.3%3.4%
Skew 10d7.4%4.4%10.8%7.0%4.4%
Call IV 25d29.1%25.5%33.9%28.6%29.9%
Put IV 25d32.5%28.4%37.6%31.9%33.3%
Bid-Ask Spread %12.607.6720.8212.4811.62
Gamma HHI0.180.140.360.150.14
Net GEX9.9M3.2M16.2M11.7M3.8M
Net DEX-351.7M-504.7M-176.5M-314.9M-271.8M
Net VEX-2.4M-2.5M-2.2M-2.3M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.252.320.281.02
Total Volume17,553.815,15249,83920,6996,949
Total OI404,304.238337,945438,439414,301357,015

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$32.68$27.0029.9%9.7%26.5%34.6%34.4%3.3%0.3%11.7M-314.9M-2.3M0.2812.48N/AN/A16,1414,558225,545188,756
2014-03-04$33.66$27.0027.7%9.3%21.3%25.4%34.2%2.7%0.5%14.9M-403.4M-2.3M0.328.98N/AN/A12,2743,891229,772191,026
2014-03-05$34.39$27.0027.4%9.3%21.0%23.9%32.5%2.9%0.4%14.6M-461.5M-2.3M0.298.14N/AN/A10,8023,166228,863192,664
2014-03-06$34.44$27.0027.2%9.4%20.7%23.3%33.0%3.0%0.5%14.8M-471.1M-2.2M0.3712.57N/AN/A13,0854,862230,831192,698
2014-03-07$34.77$27.0026.3%9.2%19.4%19.4%33.4%2.9%0.5%10.4M-504.7M-2.2M0.2712.56N/AN/A15,6534,229232,177193,547
2014-03-10$35.18$27.0027.5%9.3%19.5%24.6%34.6%2.8%0.1%11.2M-479.1M-2.2M0.357.67N/AN/A12,7264,473220,754191,811
2014-03-11$34.44$27.0027.9%9.4%21.7%25.5%34.1%3.0%1.0%12.0M-425.9M-2.3M0.3515.59N/AN/A11,4063,952225,138192,890
2014-03-12$34.27$30.0027.9%9.3%22.0%25.5%33.8%3.4%0.7%12.2M-414.2M-2.4M0.3912.67N/AN/A6,4022,502229,623195,284
2014-03-13$33.41$30.0030.6%9.7%24.0%37.0%32.9%4.2%-0.3%10.0M-352.8M-2.4M0.3513.14N/AN/A10,0273,475230,472196,887
2014-03-14$32.94$30.0033.4%9.8%24.8%49.0%33.6%3.5%0.7%7.6M-315.0M-2.4M1.3412.04N/AN/A21,30228,537230,819198,540
2014-03-17$33.47$30.0032.1%9.7%24.5%43.5%33.0%4.0%0.5%11.7M-350.0M-2.4M0.6412.62N/AN/A5,7553,662230,471178,016
2014-03-18$34.19$30.0030.6%9.3%25.3%37.3%31.9%4.2%2.3%13.2M-401.2M-2.4M2.3220.82N/AN/A9,90522,981232,264179,990
2014-03-19$33.77$30.0029.8%9.3%25.8%33.7%33.7%3.3%2.6%10.5M-361.9M-2.4M0.7815.44N/AN/A12,3899,655234,755201,487
2014-03-20$33.80$30.0029.8%9.4%25.7%33.8%32.6%2.9%2.6%10.3M-353.5M-2.5M0.4216.56N/AN/A6,0802,524233,669202,715
2014-03-21$33.92$30.0028.9%9.2%25.5%30.0%30.5%2.8%3.1%16.2M-362.3M-2.4M0.2510.72N/AN/A10,1972,583233,892204,547
2014-03-24$33.12$30.0032.9%9.7%25.8%47.0%34.7%5.1%-0.8%3.6M-253.6M-2.4M0.5010.90N/AN/A16,3638,215196,369141,576
2014-03-25$32.88$30.0032.7%9.7%25.9%46.1%34.1%4.8%-1.6%4.6M-247.0M-2.5M0.779.96N/AN/A9,4117,284205,515147,123
2014-03-26$31.91$30.0035.6%9.6%27.9%58.8%34.2%3.6%-1.4%3.2M-176.5M-2.4M0.8813.04N/AN/A10,2659,001208,297152,638
2014-03-27$32.40$30.0034.6%9.8%28.3%54.4%34.7%3.8%-1.8%3.6M-207.2M-2.4M0.4211.15N/AN/A3,6191,533207,141158,633
2014-03-28$33.04$30.0033.1%9.4%28.9%47.8%33.2%2.9%-1.6%7.8M-258.0M-2.4M0.9816.00N/AN/A8,4828,314207,474158,705
2014-03-31$33.25$30.0032.0%9.4%28.0%43.1%35.2%3.4%-0.3%3.8M-271.8M-2.4M1.0211.62N/AN/A3,4393,510201,870155,145