BX Options History — February 2020

In February 2020, BX traded between $52.25 and $64.44. ATM implied volatility averaged 28.2%, placing in the 54.7% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 2.4% (HV 20d: 30.5%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.79.

Notable Days

  • 2020-02-06: Highest Volume — 324,531 contracts
  • 2020-02-28: Largest IV spike — 26.2% change
  • 2020-02-27: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.92$52.25$64.44$60.57$52.25
Max Pain$58.39$50.00$60.00$59.00$58.00
ATM IV28.2%21.9%51.3%25.9%51.3%
Expected Move8.2%6.3%16.0%7.5%16.0%
HV 20d30.5%23.2%36.1%23.2%36.1%
HV 60d22.2%18.2%26.7%18.2%26.7%
IV Rank54.7%31.3%100.0%48.5%100.0%
IV Percentile71.3%26.2%100.0%74.6%100.0%
Term Structure-0.6%-2.8%0.9%-0.2%-2.8%
VWIV29.0%19.6%55.2%26.0%55.2%
Skew 25d4.5%2.7%12.4%3.3%12.4%
Skew 10d8.8%4.8%27.0%7.6%27.0%
Call IV 25d26.7%21.9%47.6%25.4%47.6%
Put IV 25d31.1%25.0%60.0%28.7%60.0%
Bid-Ask Spread %15.972.8144.4413.2244.44
Gamma HHI0.130.060.200.100.06
Net GEX7.3M-3.8M18.1M10.6M-3.4M
Net DEX-291.9M-744.7M120.3M-509.5M120.3M
Net VEX-1.9M-2.1M-1.8M-2.0M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.021.611.011.21
Total Volume33,745.2636,224324,5319,32824,982
Total OI278,513.368253,331319,742304,283270,837

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$60.57$59.0025.9%7.5%23.2%48.5%26.0%3.3%-0.2%10.6M-509.5M-2.0M1.0113.22N/AN/A4,6384,690164,567139,716
2020-02-04$63.51$59.0025.4%7.1%27.5%46.1%25.9%2.7%0.0%15.5M-715.6M-1.8M0.5014.24N/AN/A17,4548,748166,226143,446
2020-02-05$63.57$59.0025.0%6.8%27.6%44.5%23.9%2.9%-0.4%16.0M-699.8M-1.9M0.3510.46N/AN/A14,9475,286167,690146,675
2020-02-06$64.19$50.0024.2%6.8%27.4%41.0%19.6%2.8%-0.1%18.1M-744.7M-1.8M0.0216.24N/AN/A317,3717,160170,284149,458
2020-02-07$62.55$57.5025.1%7.0%29.4%45.0%28.8%4.0%0.2%-733.0K-300.1M-1.9M1.5210.27N/AN/A9,06813,820116,840152,347
2020-02-10$64.01$57.5025.2%7.1%30.0%45.5%25.9%3.9%-0.5%11.6M-363.9M-1.9M0.4315.39N/AN/A9,2753,962112,876147,714
2020-02-11$64.44$57.5024.9%7.0%29.9%44.2%25.3%3.6%-0.6%13.9M-394.2M-1.9M0.703.34N/AN/A7,6885,368115,571149,814
2020-02-12$62.92$57.5024.6%6.9%31.5%42.9%24.4%3.1%-0.6%10.3M-301.7M-2.0M0.278.84N/AN/A12,5103,375116,493152,286
2020-02-13$62.97$60.0024.4%6.8%31.5%42.1%25.8%3.3%-0.9%13.0M-304.6M-2.0M0.4820.74N/AN/A4,2082,016122,244153,983
2020-02-14$62.91$60.0023.1%6.5%30.0%36.4%25.1%3.3%-0.5%12.5M-297.1M-2.0M1.2210.05N/AN/A4,4635,439124,127154,827
2020-02-18$62.05$57.5024.8%7.1%30.4%43.7%24.9%3.5%-1.7%8.3M-256.9M-1.9M0.923.02N/AN/A10,3719,582118,877149,482
2020-02-19$62.86$60.0021.9%6.3%30.4%31.3%25.1%3.1%0.9%12.3M-305.0M-1.9M0.752.81N/AN/A7,7195,778122,403154,983
2020-02-20$62.45$60.0024.7%7.1%29.4%43.4%23.2%3.3%-1.0%9.9M-271.9M-1.9M0.4411.15N/AN/A9,9454,343123,625156,698
2020-02-21$61.25$60.0026.1%7.6%29.7%49.2%26.7%4.0%-0.9%1.3M-190.2M-1.9M1.6127.88N/AN/A10,30616,591124,052158,011
2020-02-24$58.68$60.0030.0%8.9%31.9%66.4%32.1%4.8%-0.6%-956.9K-95.9M-2.0M1.1717.47N/AN/A10,84312,706109,484143,847
2020-02-25$56.40$60.0034.4%10.2%34.4%85.2%35.8%6.7%-0.5%-2.8M-587.5K-2.0M1.0519.72N/AN/A10,00210,483112,040147,997
2020-02-26$56.09$58.5033.9%10.3%34.2%83.2%35.0%6.6%-0.4%-2.8M847.7K-2.0M0.5925.01N/AN/A7,8404,617115,195149,313
2020-02-27$53.75$58.5040.7%12.5%35.8%100.0%43.1%8.1%-1.5%-3.8M84.1M-2.1M0.8129.07N/AN/A13,02610,540117,647150,079
2020-02-28$52.25$58.0051.3%16.0%36.1%100.0%55.2%12.4%-2.8%-3.4M120.3M-2.1M1.2144.44N/AN/A11,32313,659120,189150,648