BX Options History — March 2019

In March 2019, BX traded between $32.91 and $35.58. ATM implied volatility averaged 21.9%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 3.0% (HV 20d: 18.9%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.11.

Notable Days

  • 2019-03-04: Highest Volume — 22,660 contracts
  • 2019-03-22: Largest IV spike — 16.6% change
  • 2019-03-28: Highest IV Rank — 35.7%
  • 2019-03-27: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.26$32.91$35.58$33.58$35.01
Max Pain$33.71$33.00$34.00$34.00$34.00
ATM IV21.9%17.8%27.0%20.6%24.9%
Expected Move6.0%5.4%6.5%5.6%6.1%
HV 20d18.9%17.0%20.7%18.9%20.7%
HV 60d23.7%20.9%29.0%29.0%21.0%
IV Rank18.2%3.9%35.7%13.6%28.6%
IV Percentile41.4%7.5%71.8%30.2%62.7%
Term Structure0.5%-3.2%5.8%0.3%-3.2%
VWIV20.7%16.6%24.4%19.3%20.6%
Skew 25d3.5%2.5%6.7%2.9%6.7%
Skew 10d7.1%4.6%12.2%6.1%7.3%
Call IV 25d20.4%16.8%25.3%19.0%20.8%
Put IV 25d23.9%19.3%27.9%21.8%27.5%
Bid-Ask Spread %23.217.0650.977.0650.97
Gamma HHI0.170.110.470.160.35
Net GEX11.7M-6.7M37.3M2.4M27.1M
Net DEX-182.8M-272.8M-66.5M-135.9M-231.1M
Net VEX-2.4M-2.6M-2.2M-2.4M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.243.772.860.40
Total Volume10,911.193,37222,66014,0448,145
Total OI336,339.143301,401361,208345,424326,935

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$33.58$34.0020.6%5.6%18.9%13.6%19.3%2.9%0.3%2.4M-135.9M-2.4M2.867.06N/AN/A3,64210,402210,984134,440
2019-03-04$33.59$34.0021.5%6.3%18.6%16.9%24.4%3.3%0.1%6.1M-135.3M-2.4M3.777.17N/AN/A4,74617,914207,702130,694
2019-03-05$33.61$34.0021.9%6.2%18.5%18.3%22.0%4.4%-0.5%4.9M-128.1M-2.4M1.8520.37N/AN/A4,1417,657210,141139,846
2019-03-06$33.62$34.0022.0%6.3%17.7%18.4%23.7%4.1%-0.0%4.7M-130.9M-2.5M3.078.04N/AN/A4,59314,087212,362138,267
2019-03-07$33.30$34.0022.6%6.1%17.9%20.6%21.4%4.8%-0.1%-373.0K-98.2M-2.4M1.7417.24N/AN/A6,73711,754214,959138,237
2019-03-08$32.91$34.0022.6%6.5%18.3%20.5%22.9%4.3%0.1%-6.7M-66.5M-2.4M0.4617.50N/AN/A7,1473,267217,916143,185
2019-03-11$33.59$33.0020.3%5.9%17.2%12.7%18.6%3.2%1.0%6.8M-129.7M-2.4M0.3614.51N/AN/A7,0312,530215,105135,656
2019-03-12$33.64$33.0020.2%5.7%17.0%12.2%19.6%3.2%0.5%8.3M-146.2M-2.3M0.4415.52N/AN/A2,3341,038218,861136,261
2019-03-13$34.36$33.0018.2%5.8%18.1%5.4%19.9%2.6%1.7%15.1M-204.3M-2.5M0.2912.14N/AN/A6,7381,957219,990136,426
2019-03-14$34.41$33.0018.9%5.8%18.1%7.6%21.4%2.7%2.0%16.4M-214.6M-2.4M0.3811.03N/AN/A3,7681,420223,574136,401
2019-03-15$34.93$33.0017.8%5.4%17.9%3.9%20.3%2.5%0.7%37.3M-272.8M-2.4M0.5916.09N/AN/A11,7436,902224,587136,621
2019-03-18$35.58$33.0019.0%5.5%18.8%8.1%18.3%2.8%5.8%15.4M-271.0M-2.4M0.2450.18N/AN/A11,0552,701193,127108,274
2019-03-19$34.89$34.0019.6%5.6%20.5%10.3%17.9%2.6%1.7%15.4M-233.7M-2.4M0.5716.40N/AN/A7,1264,064200,342110,017
2019-03-20$34.95$34.0020.8%5.5%18.2%14.3%18.9%3.0%1.7%15.7M-242.2M-2.2M0.5332.09N/AN/A5,2542,771202,179111,275
2019-03-21$35.27$34.0020.9%5.8%17.8%14.9%21.2%2.6%1.9%16.4M-268.0M-2.5M1.1439.28N/AN/A6,3177,205203,755112,368
2019-03-22$34.25$34.0024.4%6.5%20.6%27.0%22.7%3.1%0.5%11.4M-178.4M-2.6M0.8310.93N/AN/A4,5233,764207,360117,349
2019-03-25$34.09$34.0025.4%6.4%20.4%30.4%22.5%4.0%-0.6%10.6M-164.3M-2.5M1.0230.57N/AN/A3,5473,612204,255112,354
2019-03-26$34.56$34.0024.9%5.9%20.7%28.6%21.3%3.9%-1.2%12.4M-192.0M-2.6M1.1136.66N/AN/A2,8053,113206,458115,741
2019-03-27$34.50$34.0026.8%6.5%20.5%35.0%21.9%4.5%-1.7%12.3M-191.9M-2.5M0.8938.57N/AN/A3,0392,694207,665116,068
2019-03-28$34.72$34.0027.0%6.0%20.6%35.7%16.6%2.6%-0.7%13.8M-203.8M-2.6M0.7635.11N/AN/A3,3282,524208,897116,488
2019-03-29$35.01$34.0024.9%6.1%20.7%28.6%20.6%6.7%-3.2%27.1M-231.1M-2.5M0.4050.97N/AN/A5,8152,330210,355116,580