BX Options History — January 2022

In January 2022, BX traded between $108.02 and $131.64. ATM implied volatility averaged 39.5%, placing in the 73.6% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 7.2% (HV 20d: 46.7%). Max pain ranged from $118.00 to $125.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.73.

Notable Days

2022-01-27: Highest Volume — 44,002 contracts
2022-01-05: Largest IV spike — 13.9% change
2022-01-24: Highest IV Rank — 100.0%
2022-01-24: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$117.55	$108.02	$131.64	$126.52	$131.64
Max Pain	$122.00	$118.00	$125.00	$125.00	$118.00
ATM IV	39.5%	34.1%	48.0%	35.1%	37.0%
Expected Move	11.3%	8.9%	14.5%	8.9%	11.1%
HV 20d	46.7%	39.3%	56.0%	41.6%	56.0%
HV 60d	41.3%	38.3%	45.1%	38.3%	45.1%
IV Rank	73.6%	54.4%	100.0%	58.6%	60.3%
IV Percentile	95.9%	88.1%	100.0%	91.3%	89.7%
Term Structure	-1.0%	-3.5%	1.3%	-3.3%	-0.3%
VWIV	40.4%	31.2%	53.4%	31.2%	39.3%
Skew 25d	7.1%	4.5%	9.8%	8.3%	5.5%
Skew 10d	11.6%	-0.0%	17.8%	5.6%	12.3%
Call IV 25d	37.6%	33.4%	43.6%	33.4%	36.5%
Put IV 25d	44.7%	38.8%	52.7%	41.7%	42.0%
Bid-Ask Spread %	22.46	8.19	36.78	31.38	8.19
Gamma HHI	0.06	0.05	0.07	0.06	0.07
Net GEX	-1.3M	-8.8M	16.5M	515.7K	16.5M
Net DEX	-27.3M	-682.6M	218.5M	-260.7M	-682.6M
Net VEX	-3.5M	-4.0M	-3.1M	-3.5M	-4.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.40	1.51	0.42	0.55
Total Volume	30,859.8	21,405	44,002	27,958	32,132
Total OI	257,964.5	192,509	294,680	250,865	215,138

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$126.52	$125.00	35.1%	8.9%	41.6%	58.6%	31.2%	8.3%	-3.3%	515.7K	-260.7M	-3.5M	0.42	31.38	N/A	N/A	19,671	8,287	131,074	119,791
2022-01-04	$124.53	$125.00	34.1%	9.0%	41.7%	54.4%	32.9%	4.5%	-3.5%	-2.0M	-181.9M	-3.5M	0.75	36.78	N/A	N/A	17,725	13,312	133,214	122,874
2022-01-05	$117.75	$125.00	38.8%	10.8%	43.5%	73.1%	36.6%	6.2%	1.3%	-5.7M	81.2M	-3.3M	0.85	35.92	N/A	N/A	19,174	16,365	135,643	127,351
2022-01-06	$119.60	$125.00	38.5%	10.6%	43.8%	71.8%	37.7%	7.1%	-1.8%	-8.8M	41.9M	-3.5M	0.50	36.50	N/A	N/A	20,576	10,353	139,714	134,726
2022-01-07	$116.57	$125.00	38.2%	10.7%	44.3%	70.5%	38.5%	6.4%	-2.2%	-5.4M	149.1M	-3.3M	0.43	32.73	N/A	N/A	17,781	7,564	143,895	136,526
2022-01-10	$113.58	$125.00	38.2%	10.6%	44.8%	70.8%	37.0%	6.0%	-0.8%	-6.5M	211.4M	-3.1M	0.59	12.28	N/A	N/A	21,386	12,530	133,798	131,459
2022-01-11	$121.36	$120.00	37.2%	10.5%	51.5%	66.8%	36.6%	6.0%	-1.0%	-2.1M	-117.6M	-3.6M	0.50	8.27	N/A	N/A	25,547	12,667	139,621	132,943
2022-01-12	$122.36	$120.00	35.6%	10.2%	50.5%	60.6%	35.4%	5.6%	-0.5%	346.3K	-171.5M	-3.7M	0.44	33.92	N/A	N/A	19,665	8,622	144,385	137,233
2022-01-13	$118.85	$120.00	37.0%	10.5%	51.3%	65.8%	37.2%	5.2%	-1.5%	-2.7M	-6.2M	-3.5M	0.81	26.91	N/A	N/A	14,519	11,754	146,888	138,470
2022-01-14	$116.14	$120.00	38.8%	11.0%	51.1%	73.1%	39.0%	6.7%	-1.1%	-6.9M	138.3M	-3.4M	0.73	14.40	N/A	N/A	19,640	14,320	148,703	141,604
2022-01-18	$113.62	$120.00	40.0%	11.4%	51.5%	77.7%	40.3%	7.8%	-1.9%	-5.0M	173.0M	-3.3M	0.73	36.09	N/A	N/A	13,840	10,136	144,183	139,011
2022-01-19	$112.91	$120.00	38.5%	11.0%	50.2%	71.7%	39.3%	7.5%	-0.4%	-5.7M	179.8M	-3.3M	0.61	20.43	N/A	N/A	13,293	8,112	148,092	139,819
2022-01-20	$112.53	$120.00	38.2%	11.0%	48.9%	70.6%	39.5%	6.9%	-0.8%	-5.8M	187.6M	-3.3M	0.78	26.09	N/A	N/A	13,174	10,313	150,516	140,609
2022-01-21	$110.26	$120.00	43.2%	12.5%	42.5%	90.4%	44.8%	8.4%	-0.8%	-53.6K	218.5M	-3.2M	1.51	10.92	N/A	N/A	14,330	21,606	152,829	141,851
2022-01-24	$108.02	$125.00	48.0%	14.5%	39.3%	100.0%	53.4%	9.8%	-0.3%	-1.3M	125.0M	-3.2M	1.17	20.84	N/A	N/A	15,941	18,575	113,657	78,852
2022-01-25	$110.69	$125.00	46.4%	14.0%	41.2%	94.2%	53.4%	8.3%	-0.7%	-215.1K	39.9M	-3.5M	1.19	13.42	N/A	N/A	11,453	13,628	118,245	88,928
2022-01-26	$111.35	$122.00	45.6%	14.2%	41.2%	91.2%	48.6%	9.8%	-0.7%	-362.6K	18.4M	-3.5M	0.74	26.36	N/A	N/A	16,309	12,116	120,673	94,059
2022-01-27	$119.40	$120.00	42.0%	12.6%	49.1%	78.4%	44.5%	7.6%	-0.4%	7.9M	-248.5M	-3.8M	0.40	9.15	N/A	N/A	31,439	12,563	124,939	96,355
2022-01-28	$123.36	$120.00	40.3%	11.9%	50.8%	72.2%	42.6%	8.0%	0.5%	7.2M	-440.5M	-4.0M	0.82	8.61	N/A	N/A	20,229	16,549	132,580	99,042
2022-01-31	$131.64	$118.00	37.0%	11.1%	56.0%	60.3%	39.3%	5.5%	-0.3%	16.5M	-682.6M	-4.0M	0.55	8.19	N/A	N/A	20,783	11,349	123,519	91,619