BX Options History — February 2022

In February 2022, BX traded between $120.71 and $137.78. ATM implied volatility averaged 40.8%, placing in the 74.2% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 13.7% (HV 20d: 54.5%). Max pain ranged from $119.00 to $125.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.57.

Notable Days

2022-02-03: Highest Volume — 128,722 contracts
2022-02-10: Largest IV spike — 17.3% change
2022-02-11: Highest IV Rank — 93.1%
2022-02-23: Largest Expected Move — 13.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$127.90	$120.71	$137.78	$134.96	$126.91
Max Pain	$124.42	$119.00	$125.00	$119.00	$125.00
ATM IV	40.8%	34.4%	46.1%	35.9%	44.9%
Expected Move	11.8%	10.0%	13.6%	10.4%	13.5%
HV 20d	54.5%	48.3%	57.4%	55.7%	55.0%
HV 60d	47.5%	44.4%	50.2%	45.4%	49.7%
IV Rank	74.2%	50.9%	93.1%	56.2%	88.8%
IV Percentile	93.5%	81.0%	99.2%	85.7%	97.2%
Term Structure	-0.6%	-5.5%	0.6%	-0.4%	-1.5%
VWIV	41.8%	34.9%	48.4%	36.9%	48.4%
Skew 25d	6.7%	3.6%	8.9%	6.3%	8.9%
Skew 10d	17.3%	6.6%	25.1%	14.3%	13.4%
Call IV 25d	38.7%	31.6%	46.3%	33.8%	41.4%
Put IV 25d	45.4%	36.7%	51.8%	40.1%	50.3%
Bid-Ask Spread %	37.08	5.62	54.89	6.92	31.41
Gamma HHI	0.07	0.05	0.09	0.08	0.06
Net GEX	7.5M	-4.1M	21.7M	20.3M	11.2M
Net DEX	-385.9M	-913.3M	-92.0M	-831.0M	-375.5M
Net VEX	-4.3M	-4.5M	-4.0M	-4.0M	-4.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.17	1.05	0.83	0.68
Total Volume	37,894.211	22,335	128,722	34,093	22,862
Total OI	232,864.842	212,982	252,281	224,136	232,687

Daily Data (19 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
2022-02-01	$134.96	$119.00	35.9%	10.4%	55.7%	56.2%	36.9%	6.3%	-0.4%	20.3M	-831.0M	-4.0M	0.83	6.92	N/A	N/A	18,671	15,422	128,347	95,789
2022-02-02	$137.78	$120.00	34.4%	10.1%	55.5%	50.9%	34.9%	5.1%	0.3%	21.7M	-913.3M	-4.1M	0.50	5.62	N/A	N/A	19,709	9,887	130,292	101,611
2022-02-03	$133.75	$125.00	38.0%	11.0%	52.4%	64.0%	39.4%	5.6%	-0.2%	19.8M	-729.2M	-4.3M	0.17	49.90	N/A	N/A	109,768	18,954	132,655	103,907
2022-02-04	$132.27	$125.00	37.7%	11.1%	52.6%	62.9%	38.7%	5.7%	-0.4%	11.3M	-496.2M	-4.4M	0.37	52.50	N/A	N/A	37,832	14,084	120,640	108,601
2022-02-07	$131.36	$125.00	37.2%	10.8%	51.6%	61.1%	37.7%	5.8%	0.6%	9.9M	-470.9M	-4.3M	0.46	49.54	N/A	N/A	17,660	8,078	119,323	93,659
2022-02-08	$128.75	$125.00	36.2%	10.4%	51.1%	57.6%	37.1%	6.8%	-0.3%	6.3M	-370.3M	-4.3M	0.57	44.91	N/A	N/A	15,158	8,660	121,504	95,198
2022-02-09	$134.68	$125.00	35.9%	10.0%	48.3%	56.6%	36.5%	5.0%	0.2%	17.4M	-610.4M	-4.3M	0.40	26.80	N/A	N/A	22,186	8,801	122,649	96,901
2022-02-10	$133.43	$125.00	42.2%	11.8%	48.6%	79.0%	41.4%	5.6%	-0.9%	17.4M	-590.9M	-4.5M	0.28	52.26	N/A	N/A	43,613	12,223	128,235	98,497
2022-02-11	$122.86	$125.00	46.1%	12.9%	56.5%	93.1%	45.5%	5.5%	-1.1%	-739.4K	-134.6M	-4.4M	0.66	54.89	N/A	N/A	34,743	22,861	147,314	102,522
2022-02-14	$121.22	$125.00	46.1%	13.2%	56.0%	93.0%	45.8%	8.2%	-0.9%	-2.5M	-92.0M	-4.2M	1.05	39.12	N/A	N/A	15,884	16,749	129,328	102,956
2022-02-15	$124.56	$125.00	42.2%	12.2%	55.9%	79.1%	42.6%	8.9%	-5.5%	-985.7K	-195.3M	-4.3M	0.78	54.77	N/A	N/A	15,301	11,949	131,719	108,378
2022-02-16	$126.94	$125.00	40.3%	11.6%	56.0%	72.3%	40.9%	7.1%	-0.8%	3.4M	-297.3M	-4.4M	0.54	52.91	N/A	N/A	16,508	8,964	133,452	110,959
2022-02-17	$123.09	$125.00	41.4%	11.8%	57.4%	76.1%	42.3%	8.4%	0.6%	-4.1M	-137.4M	-4.4M	0.62	41.49	N/A	N/A	14,101	8,727	136,848	113,209
2022-02-18	$124.82	$125.00	42.1%	12.1%	56.8%	78.7%	43.8%	7.6%	0.1%	-1.2M	-220.5M	-4.4M	0.56	43.04	N/A	N/A	15,525	8,752	137,864	114,417
2022-02-22	$122.08	$125.00	43.7%	12.7%	56.9%	84.6%	44.6%	6.6%	-0.7%	1.0M	-162.2M	-4.2M	0.83	22.50	N/A	N/A	13,288	11,064	123,459	96,680
2022-02-23	$120.71	$125.00	43.7%	13.6%	56.8%	84.4%	45.3%	3.6%	-0.0%	-444.4K	-118.3M	-4.2M	0.69	25.18	N/A	N/A	13,229	9,106	124,384	103,867
2022-02-24	$121.08	$125.00	45.5%	13.3%	56.8%	90.9%	47.5%	8.2%	-0.5%	35.5K	-115.0M	-4.2M	0.54	28.41	N/A	N/A	18,566	9,941	127,576	106,717
2022-02-25	$128.89	$125.00	42.4%	12.4%	55.7%	79.6%	45.2%	7.6%	-0.3%	13.5M	-472.3M	-4.4M	0.25	22.29	N/A	N/A	41,079	10,085	133,185	109,103
2022-02-28	$126.91	$125.00	44.9%	13.5%	55.0%	88.8%	48.4%	8.9%	-1.5%	11.2M	-375.5M	-4.4M	0.68	31.41	N/A	N/A	13,575	9,287	132,653	100,034