BX Options History — March 2020

In March 2020, BX traded between $35.90 and $58.13. ATM implied volatility averaged 79.5%, placing in the 82.5% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded below realized volatility by 9.9% (HV 20d: 89.4%). Max pain ranged from $50.00 to $57.50. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.97.

Notable Days

  • 2020-03-25: Highest Volume — 32,482 contracts
  • 2020-03-09: Largest IV spike — 36.9% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 33.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.34$35.90$58.13$56.58$45.15
Max Pain$53.07$50.00$57.50$57.50$50.00
ATM IV79.5%35.0%115.8%36.9%75.5%
Expected Move22.3%10.4%33.2%11.7%19.6%
HV 20d89.4%45.3%126.3%47.6%123.1%
HV 60d56.6%31.3%76.7%31.3%76.7%
IV Rank82.5%55.4%100.0%60.5%60.2%
IV Percentile98.5%94.8%100.0%97.6%94.8%
Term Structure-4.2%-17.5%7.3%-2.0%7.3%
VWIV77.7%38.5%123.7%40.4%73.2%
Skew 25d22.4%6.8%52.4%8.7%26.5%
Skew 10d45.0%14.5%83.8%17.6%42.7%
Call IV 25d70.6%31.7%95.1%32.7%65.8%
Put IV 25d93.0%38.6%143.9%41.3%92.3%
Bid-Ask Spread %56.6628.5391.6940.8491.65
Gamma HHI0.070.060.120.060.07
Net GEX-1.5M-4.7M2.8M-674.2K-258.5K
Net DEX102.2M-135.0M285.2M-54.0M30.6M
Net VEX-2.2M-2.6M-1.7M-2.2M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.271.680.991.36
Total Volume16,574.1368,78032,48216,10712,090
Total OI275,747.273222,572300,626263,493285,572

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$56.58$57.5036.9%11.7%47.6%60.5%40.4%8.7%-2.0%-674.2K-54.0M-2.2M0.9940.84N/AN/A8,0988,009114,196149,297
2020-03-03$56.55$57.5039.4%12.8%47.6%67.4%47.8%9.4%0.3%-190.0K-59.3M-2.1M0.4850.73N/AN/A8,8254,223117,911153,084
2020-03-04$58.13$57.5035.0%10.4%45.3%55.4%38.5%6.8%-1.8%2.8M-135.0M-2.2M1.0447.82N/AN/A4,3044,476121,937153,974
2020-03-05$57.23$55.0041.8%11.3%45.4%73.9%39.3%9.2%-4.1%1.5M-98.4M-2.3M0.9028.53N/AN/A5,0814,597123,427155,025
2020-03-06$53.64$55.0054.6%15.1%49.6%100.0%52.7%11.8%-3.4%-2.4M46.4M-2.2M1.0440.34N/AN/A13,06913,545125,060157,463
2020-03-09$47.66$55.0074.8%17.5%62.9%100.0%62.4%42.6%-12.7%-3.8M188.2M-2.2M1.3546.92N/AN/A5,6087,582119,306154,207
2020-03-10$50.19$55.0061.4%17.3%65.8%77.7%59.2%12.9%-2.6%-4.1M134.4M-2.3M1.4155.45N/AN/A5,4007,634119,236155,229
2020-03-11$47.34$55.0075.0%20.4%67.4%100.0%64.2%17.3%-1.1%-4.7M199.8M-2.2M0.5039.88N/AN/A8,8294,428121,455159,548
2020-03-12$40.40$55.0094.3%26.4%84.4%100.0%84.9%17.8%-3.8%-3.1M285.2M-1.9M1.0764.23N/AN/A9,74310,460126,010159,194
2020-03-13$45.35$55.0089.1%25.0%97.4%93.5%91.9%16.3%-6.2%-4.2M214.0M-2.2M1.1667.67N/AN/A8,4729,806129,211159,538
2020-03-16$41.68$52.50101.7%29.2%100.1%100.0%96.3%21.3%-5.6%-3.1M252.6M-2.0M0.9954.27N/AN/A8,3398,248127,776160,310
2020-03-17$40.68$52.5096.1%27.3%100.1%93.6%94.7%31.6%-1.9%-3.1M269.3M-1.9M0.8362.51N/AN/A9,5177,939131,519158,727
2020-03-18$39.43$52.50115.8%33.2%99.3%100.0%123.7%52.4%-5.3%-2.3M268.2M-1.9M1.6867.26N/AN/A6,41610,751135,559159,278
2020-03-19$41.56$52.50113.5%32.9%102.8%97.7%107.1%38.2%-17.5%-3.2M213.7M-2.1M0.2763.95N/AN/A9,4262,526136,872159,453
2020-03-20$37.40$50.00101.8%30.1%107.1%86.2%98.4%23.5%-9.5%-688.5K279.4M-1.8M0.9256.84N/AN/A6,8206,248141,580159,046
2020-03-23$35.90$50.00103.2%29.4%107.1%87.6%103.3%36.7%-1.3%-759.5K141.8M-1.7M1.0240.18N/AN/A10,40710,656104,093118,479
2020-03-24$39.57$50.0090.5%25.8%115.3%75.0%93.6%11.9%-2.7%-625.5K108.2M-1.9M0.8659.18N/AN/A12,74310,911109,515125,694
2020-03-25$43.74$50.0097.5%27.5%122.6%81.9%104.0%35.6%-3.8%-64.7K36.2M-2.3M1.3147.12N/AN/A14,07518,407113,276133,431
2020-03-26$47.36$50.0081.5%22.8%126.3%66.1%83.5%26.3%-2.4%534.4K-28.8M-2.5M0.4463.79N/AN/A15,4806,774122,351147,944
2020-03-27$46.53$50.0084.9%24.2%126.1%69.4%80.8%15.9%-6.1%156.6K-23.1M-2.6M1.3365.60N/AN/A6,4348,572129,344152,230
2020-03-30$47.38$50.0084.8%21.3%122.4%69.3%70.1%19.7%-6.9%358.2K-21.3M-2.6M0.4691.69N/AN/A6,6113,052126,754153,329
2020-03-31$45.15$50.0075.5%19.6%123.1%60.2%73.2%26.5%7.3%-258.5K30.6M-2.5M1.3691.65N/AN/A5,1326,958130,612154,960