BX Options History — May 2020

In May 2020, BX traded between $49.59 and $57.01. ATM implied volatility averaged 43.4%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 11.0% (HV 20d: 54.5%). Max pain ranged from $49.00 to $52.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.65.

Notable Days

  • 2020-05-26: Highest Volume — 19,325 contracts
  • 2020-05-13: Largest IV spike — 14.4% change
  • 2020-05-01: Highest IV Rank — 31.8%
  • 2020-05-01: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.00$49.59$57.01$50.58$56.59
Max Pain$52.33$49.00$52.50$49.00$52.50
ATM IV43.4%38.5%49.3%49.3%38.6%
Expected Move12.7%10.7%14.6%14.6%10.8%
HV 20d54.5%39.7%71.2%70.4%39.7%
HV 60d88.3%87.1%89.5%88.1%87.1%
IV Rank25.8%20.8%31.8%31.8%20.9%
IV Percentile81.7%75.8%86.1%86.1%75.8%
Term Structure1.2%-1.9%11.8%-1.2%-0.4%
VWIV45.6%38.7%53.3%53.3%39.7%
Skew 25d8.7%-7.3%13.7%10.2%9.7%
Skew 10d24.3%16.9%38.0%25.5%20.0%
Call IV 25d41.3%33.4%60.4%45.0%34.8%
Put IV 25d50.0%44.5%56.0%55.1%44.5%
Bid-Ask Spread %20.8113.0035.8615.9416.86
Gamma HHI0.080.060.110.060.10
Net GEX5.1M1.6M10.0M1.7M9.7M
Net DEX-186.2M-356.0M-55.9M-97.7M-332.5M
Net VEX-2.6M-2.7M-2.5M-2.7M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.261.510.811.02
Total Volume9,2105,19719,3258,43710,686
Total OI309,471.6289,863320,775308,768320,775

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$50.58$49.0049.3%14.6%70.4%31.8%53.3%10.2%-1.2%1.7M-97.7M-2.7M0.8115.94N/AN/A4,6633,774146,363162,405
2020-05-04$49.59$52.5048.1%14.4%71.2%30.6%49.9%11.5%0.5%1.6M-55.9M-2.6M0.7215.06N/AN/A3,9932,868142,143159,808
2020-05-05$50.60$52.5041.5%14.1%61.3%23.9%45.8%13.7%11.8%2.6M-98.4M-2.6M0.4013.00N/AN/A6,4422,599143,218161,882
2020-05-06$51.45$52.5045.2%13.4%61.4%27.6%53.2%-7.3%-1.9%3.7M-133.2M-2.7M0.5635.86N/AN/A3,3371,860145,599163,031
2020-05-07$52.82$52.5044.3%13.2%61.7%26.7%45.8%11.3%1.1%5.4M-190.1M-2.7M0.4213.49N/AN/A10,1974,285147,105163,658
2020-05-08$52.90$52.5042.6%12.6%59.4%25.0%43.8%8.8%0.5%7.7M-199.3M-2.7M0.8019.66N/AN/A3,5002,806151,542165,634
2020-05-11$53.19$52.5042.4%12.9%57.9%24.8%47.7%7.3%2.6%5.7M-204.4M-2.6M0.5219.22N/AN/A3,4821,824148,454162,881
2020-05-12$52.55$52.5041.6%12.5%57.9%23.9%44.2%-6.0%3.3%5.6M-177.9M-2.6M0.9927.50N/AN/A2,8272,800149,988163,901
2020-05-13$49.65$52.5047.6%13.8%57.0%30.0%48.2%10.3%0.9%2.5M-56.8M-2.5M0.7028.57N/AN/A6,5204,539150,881165,201
2020-05-14$50.59$52.5049.2%14.4%54.9%31.8%51.1%10.8%1.0%3.5M-92.1M-2.6M0.7329.78N/AN/A5,6044,073151,275167,327
2020-05-15$51.02$52.5048.6%14.2%52.7%31.1%49.5%10.9%1.3%2.4M-110.4M-2.6M0.2723.22N/AN/A7,3821,988151,836168,297
2020-05-18$53.59$52.5043.5%12.4%52.1%25.8%43.7%10.7%1.9%3.4M-183.6M-2.6M0.3017.35N/AN/A7,6372,278138,883150,980
2020-05-19$53.30$52.5043.6%12.5%49.0%26.0%41.2%11.0%-0.0%4.0M-180.0M-2.6M0.3018.30N/AN/A7,1072,130143,333151,791
2020-05-20$54.45$52.5041.4%11.9%48.9%23.7%46.0%9.8%0.8%5.3M-226.5M-2.6M0.4717.15N/AN/A6,0472,872147,080152,921
2020-05-21$53.67$52.5042.3%12.1%48.1%24.7%43.6%10.3%0.4%4.7M-199.0M-2.6M1.5119.42N/AN/A2,3183,507150,282154,573
2020-05-22$53.88$52.5039.8%11.2%48.0%22.1%38.7%9.5%1.0%7.4M-201.2M-2.6M0.5926.06N/AN/A3,6152,130150,954156,615
2020-05-26$56.41$52.5040.2%11.8%47.1%22.5%42.0%9.7%0.7%6.7M-306.3M-2.6M0.2622.21N/AN/A15,2904,035148,609153,661
2020-05-27$56.20$52.5039.9%11.3%47.2%22.2%44.6%9.9%-1.2%8.6M-322.2M-2.7M0.4822.89N/AN/A9,7474,709160,261156,771
2020-05-28$57.01$52.5038.5%10.7%43.1%20.8%39.1%12.5%0.2%10.0M-356.0M-2.7M1.1014.65N/AN/A4,1604,569161,680157,834
2020-05-29$56.59$52.5038.6%10.8%39.7%20.9%39.7%9.7%-0.4%9.7M-332.5M-2.7M1.0216.86N/AN/A5,2905,396162,043158,732