BX Options History — April 2020

In April 2020, BX traded between $40.67 and $54.65. ATM implied volatility averaged 63.7%, placing in the 47.5% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded below realized volatility by 36.2% (HV 20d: 99.9%). Max pain ranged from $43.00 to $50.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2020-04-23: Highest Volume — 28,828 contracts
  • 2020-04-30: Largest IV spike — 16.7% change
  • 2020-04-01: Highest IV Rank — 65.7%
  • 2020-04-01: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.54$40.67$54.65$40.67$52.29
Max Pain$44.76$43.00$50.00$50.00$47.00
ATM IV63.7%39.7%81.2%81.2%46.3%
Expected Move18.4%11.8%27.0%27.0%13.3%
HV 20d99.9%68.5%126.9%126.5%68.5%
HV 60d84.4%79.4%88.0%79.4%87.9%
IV Rank47.5%22.0%65.7%65.7%28.8%
IV Percentile89.9%84.1%94.8%94.8%85.7%
Term Structure-1.5%-7.8%4.1%0.6%-0.9%
VWIV65.2%41.6%89.0%89.0%47.3%
Skew 25d14.7%8.3%27.4%15.4%11.6%
Skew 10d34.0%15.2%57.9%46.1%34.1%
Call IV 25d57.6%36.9%76.6%76.6%42.3%
Put IV 25d72.4%45.3%96.6%92.1%53.9%
Bid-Ask Spread %30.5413.8367.8767.8716.15
Gamma HHI0.080.060.200.120.06
Net GEX1.8M-2.2M6.2M-1.9M5.5M
Net DEX-49.1M-280.4M116.9M116.9M-178.2M
Net VEX-2.5M-2.7M-2.2M-2.2M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.301.401.040.37
Total Volume12,991.9055,80228,8289,50420,575
Total OI296,993.476277,259314,587292,050307,947

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$40.67$50.0081.2%27.0%126.5%65.7%89.0%15.4%0.6%-1.9M116.9M-2.2M1.0467.87N/AN/A4,6674,837133,284158,766
2020-04-02$41.08$43.0079.6%23.4%126.9%64.2%82.2%13.6%-1.1%-2.2M110.0M-2.3M0.5824.09N/AN/A4,8952,818135,583159,362
2020-04-03$41.52$43.0072.0%22.4%125.9%56.7%79.4%27.4%2.5%-1.9M89.7M-2.3M1.0723.98N/AN/A2,8023,000138,109159,828
2020-04-06$46.22$43.0074.4%20.0%126.3%59.1%68.8%18.9%-0.8%233.1K1.4M-2.5M0.7634.59N/AN/A7,3545,597132,002145,257
2020-04-07$46.04$43.0069.4%19.5%124.7%54.1%67.4%17.8%0.5%642.2K1.1M-2.5M1.4041.60N/AN/A9,07212,745136,215148,710
2020-04-08$46.68$43.0066.7%18.6%123.2%51.4%64.8%21.8%-2.6%654.9K-9.8M-2.6M0.4143.87N/AN/A5,5132,251140,122158,644
2020-04-09$49.12$43.0070.7%18.2%109.2%55.4%60.5%21.8%-0.7%1.9M-88.6M-2.6M0.4131.42N/AN/A9,5333,913143,202159,989
2020-04-13$47.58$45.0069.6%19.6%102.6%54.3%70.2%13.6%-7.3%779.7K-34.7M-2.6M0.5448.09N/AN/A6,2513,355143,768156,178
2020-04-14$48.60$45.0069.1%19.8%97.5%53.8%65.9%12.5%-0.1%1.8M-66.1M-2.6M0.5938.96N/AN/A5,4243,212145,826158,578
2020-04-15$45.62$45.0072.1%20.7%100.1%56.8%70.1%11.2%-7.8%489.4K16.8M-2.5M0.6627.74N/AN/A5,1443,394148,278160,105
2020-04-16$47.86$45.0070.3%20.3%100.2%55.0%70.7%14.8%-5.0%1.8M-50.1M-2.6M0.6124.81N/AN/A5,5203,349149,769161,872
2020-04-17$50.05$45.0066.0%19.1%99.8%50.8%67.5%14.0%-2.0%4.5M-127.2M-2.7M0.3029.34N/AN/A12,3603,682151,433163,154
2020-04-20$47.75$45.0067.1%19.9%92.8%50.1%77.3%8.7%-2.5%1.4M-51.3M-2.6M1.0918.67N/AN/A3,8744,237135,251143,562
2020-04-21$45.70$45.0069.0%20.8%93.0%52.0%74.4%15.4%-1.1%452.8K-708.5K-2.5M0.7115.46N/AN/A4,3533,092136,686146,641
2020-04-22$46.76$45.0064.7%19.3%87.6%47.7%76.7%20.0%-1.2%865.9K-22.5M-2.5M1.2036.76N/AN/A10,37812,403137,850148,361
2020-04-23$48.60$45.0054.6%16.1%81.5%37.3%57.4%11.6%-5.7%3.9M-82.3M-2.5M1.1336.44N/AN/A13,52715,301143,075151,715
2020-04-24$48.67$45.0046.8%13.1%76.6%29.3%48.1%11.2%4.1%3.3M-73.6M-2.5M0.4027.43N/AN/A5,1852,083147,488159,841
2020-04-27$51.34$45.0045.0%12.5%78.4%27.4%44.3%10.3%0.4%3.7M-143.5M-2.6M0.4217.53N/AN/A10,8714,593139,160152,670
2020-04-28$51.61$45.0042.9%12.0%78.3%25.2%44.8%9.2%-1.1%4.8M-157.1M-2.6M0.3313.83N/AN/A9,5783,208142,769154,418
2020-04-29$54.65$45.0039.7%11.8%77.8%22.0%41.6%8.3%0.2%6.2M-280.4M-2.6M0.8022.73N/AN/A10,4928,392145,444155,951
2020-04-30$52.29$47.0046.3%13.3%68.5%28.8%47.3%11.6%-0.9%5.5M-178.2M-2.6M0.3716.15N/AN/A15,0565,519147,694160,253