BX Options History — March 2022

In March 2022, BX traded between $108.92 and $132.39. ATM implied volatility averaged 45.2%, placing in the 70.6% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 19.6% (HV 20d: 64.8%). Max pain ranged from $110.00 to $125.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.76.

Notable Days

2022-03-04: Highest Volume — 45,581 contracts
2022-03-07: Largest IV spike — 14.7% change
2022-03-01: Highest IV Rank — 100.0%
2022-03-07: Largest Expected Move — 19.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$120.93	$108.92	$132.39	$123.59	$127.77
Max Pain	$119.35	$110.00	$125.00	$125.00	$125.00
ATM IV	45.2%	35.9%	57.5%	49.1%	38.7%
Expected Move	13.3%	10.5%	19.1%	15.1%	10.5%
HV 20d	64.8%	50.4%	69.4%	50.4%	65.7%
HV 60d	55.7%	49.8%	58.5%	49.8%	58.4%
IV Rank	70.6%	41.8%	100.0%	100.0%	49.5%
IV Percentile	90.8%	70.6%	100.0%	100.0%	82.9%
Term Structure	-0.3%	-5.0%	3.1%	1.7%	-2.5%
VWIV	47.2%	36.1%	68.5%	54.1%	37.7%
Skew 25d	8.9%	5.6%	11.5%	11.0%	6.9%
Skew 10d	18.8%	4.6%	38.4%	19.6%	21.6%
Call IV 25d	41.8%	30.8%	54.8%	45.3%	35.4%
Put IV 25d	50.7%	40.1%	64.3%	56.3%	42.3%
Bid-Ask Spread %	36.10	17.83	48.59	25.53	42.55
Gamma HHI	0.06	0.05	0.09	0.05	0.08
Net GEX	7.4M	-5.7M	24.2M	7.3M	24.2M
Net DEX	-222.5M	-685.2M	190.0M	-263.8M	-512.2M
Net VEX	-4.1M	-4.5M	-3.7M	-4.4M	-4.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.30	1.64	0.81	1.06
Total Volume	24,976.304	13,330	45,581	18,709	20,845
Total OI	238,064.304	202,606	275,793	240,382	232,203

Daily Data (23 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
2022-03-01	$123.59	$125.00	49.1%	15.1%	50.4%	100.0%	54.1%	11.0%	1.7%	7.3M	-263.8M	-4.4M	0.81	25.53	N/A	N/A	10,337	8,372	136,044	104,338
2022-03-02	$130.89	$125.00	44.2%	13.0%	54.0%	82.9%	47.6%	8.4%	-1.3%	20.9M	-562.1M	-4.5M	0.72	21.58	N/A	N/A	16,686	12,063	137,577	105,834
2022-03-03	$125.30	$125.00	45.9%	13.7%	55.3%	88.9%	48.1%	7.3%	-0.4%	11.5M	-322.3M	-4.5M	0.66	17.83	N/A	N/A	15,107	9,951	143,113	108,990
2022-03-04	$120.15	$125.00	50.1%	15.0%	56.2%	100.0%	53.1%	10.7%	-3.3%	-2.3M	-94.0M	-4.3M	0.30	19.29	N/A	N/A	34,960	10,621	146,528	111,673
2022-03-07	$109.65	$125.00	57.5%	19.1%	64.0%	100.0%	68.5%	9.5%	-0.6%	-4.7M	183.9M	-3.8M	1.07	23.72	N/A	N/A	16,307	17,438	133,818	102,316
2022-03-08	$109.64	$125.00	56.6%	18.3%	64.0%	97.6%	65.7%	10.6%	-0.6%	-5.7M	190.0M	-3.8M	0.93	33.01	N/A	N/A	16,484	15,350	134,431	107,057
2022-03-09	$117.30	$125.00	50.4%	15.6%	69.4%	80.9%	55.8%	9.6%	0.1%	-3.4M	-26.1M	-4.1M	0.57	35.96	N/A	N/A	16,842	9,608	135,086	111,541
2022-03-10	$116.89	$125.00	50.9%	15.7%	66.8%	82.3%	58.4%	10.3%	-0.1%	-2.2M	-38.2M	-4.2M	0.70	39.39	N/A	N/A	11,586	8,109	141,678	112,662
2022-03-11	$116.55	$125.00	50.5%	15.4%	66.9%	81.1%	56.8%	10.2%	-0.7%	903.5K	-37.6M	-4.2M	0.77	40.53	N/A	N/A	12,446	9,561	143,056	114,269
2022-03-14	$108.92	$110.00	56.4%	15.3%	64.8%	97.1%	52.0%	11.5%	-2.9%	-4.4M	168.1M	-3.7M	1.35	35.75	N/A	N/A	12,592	16,957	133,302	104,752
2022-03-15	$109.29	$110.00	52.6%	14.7%	64.8%	86.7%	51.7%	10.4%	0.9%	-4.9M	175.8M	-3.7M	1.64	25.22	N/A	N/A	9,732	15,980	136,770	115,000
2022-03-16	$115.29	$110.00	48.0%	13.7%	67.2%	74.4%	47.8%	9.6%	0.0%	-1.4M	10.7M	-3.9M	0.93	36.23	N/A	N/A	17,220	16,081	138,246	117,677
2022-03-17	$120.17	$110.00	43.7%	12.5%	68.7%	62.9%	45.0%	9.9%	-1.7%	4.5M	-173.9M	-4.1M	0.79	34.89	N/A	N/A	13,863	10,958	143,791	122,230
2022-03-18	$123.58	$110.00	39.8%	11.4%	68.6%	52.5%	39.6%	9.3%	1.3%	7.4M	-333.6M	-4.1M	0.42	33.79	N/A	N/A	17,145	7,179	148,124	127,669
2022-03-21	$122.45	$110.00	41.2%	11.8%	68.5%	56.1%	39.4%	6.7%	-0.5%	9.3M	-316.5M	-4.1M	0.55	48.14	N/A	N/A	11,776	6,440	112,793	89,813
2022-03-22	$126.46	$115.00	37.5%	10.8%	69.0%	46.2%	36.8%	8.1%	1.3%	14.6M	-464.9M	-4.1M	0.36	48.59	N/A	N/A	16,753	6,025	116,316	92,199
2022-03-23	$124.45	$115.00	40.6%	11.2%	69.1%	54.6%	39.0%	8.6%	-5.0%	15.1M	-401.9M	-4.1M	0.67	44.52	N/A	N/A	9,444	6,312	122,198	94,419
2022-03-24	$125.96	$115.00	37.6%	10.8%	69.2%	46.6%	38.0%	8.4%	0.5%	17.4M	-450.5M	-4.2M	0.71	42.02	N/A	N/A	7,800	5,530	122,988	96,989
2022-03-25	$123.53	$115.00	37.5%	10.7%	65.8%	46.2%	37.7%	5.6%	3.1%	9.7M	-356.1M	-4.1M	1.04	48.58	N/A	N/A	10,863	11,317	125,050	98,628
2022-03-28	$124.06	$125.00	38.8%	10.9%	65.6%	49.7%	37.5%	6.3%	0.2%	10.6M	-328.0M	-4.1M	0.60	45.34	N/A	N/A	8,847	5,319	116,931	93,807
2022-03-29	$132.39	$125.00	35.9%	10.5%	68.9%	41.8%	39.6%	9.4%	0.5%	21.9M	-685.2M	-4.1M	0.36	39.92	N/A	N/A	24,001	8,622	119,360	95,076
2022-03-30	$127.00	$125.00	37.2%	10.8%	67.5%	45.4%	36.1%	6.0%	2.6%	23.3M	-479.7M	-4.2M	0.44	48.01	N/A	N/A	17,389	7,637	131,942	97,195
2022-03-31	$127.77	$125.00	38.7%	10.5%	65.7%	49.5%	37.7%	6.9%	-2.5%	24.2M	-512.2M	-4.2M	1.06	42.55	N/A	N/A	10,112	10,733	132,965	99,238