BX Options History — May 2022

In May 2022, BX traded between $96.75 and $120.55. ATM implied volatility averaged 50.3%, placing in the 79.9% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 8.0% (HV 20d: 58.3%). Max pain ranged from $115.00 to $120.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2022-05-27: Highest Volume — 35,768 contracts
2022-05-05: Largest IV spike — 12.0% change
2022-05-10: Highest IV Rank — 100.0%
2022-05-11: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$106.72	$96.75	$120.55	$105.06	$118.55
Max Pain	$115.24	$115.00	$120.00	$115.00	$115.00
ATM IV	50.3%	43.0%	58.1%	51.3%	45.0%
Expected Move	14.6%	12.8%	16.7%	15.6%	13.6%
HV 20d	58.3%	50.8%	65.9%	52.1%	59.1%
HV 60d	58.9%	57.0%	60.6%	57.2%	58.5%
IV Rank	79.9%	59.9%	100.0%	83.3%	65.3%
IV Percentile	93.3%	79.0%	100.0%	98.4%	83.7%
Term Structure	-0.8%	-3.1%	0.8%	-1.0%	-0.8%
VWIV	52.7%	47.4%	61.1%	56.5%	56.4%
Skew 25d	10.5%	9.3%	11.9%	10.4%	9.8%
Skew 10d	20.5%	5.7%	25.7%	20.9%	19.1%
Call IV 25d	46.0%	39.0%	54.3%	47.4%	41.0%
Put IV 25d	56.5%	48.3%	65.2%	57.9%	50.7%
Bid-Ask Spread %	27.83	7.49	45.87	18.31	17.12
Gamma HHI	0.06	0.05	0.08	0.06	0.07
Net GEX	820.9K	-6.4M	16.1M	-2.6M	8.6M
Net DEX	24.5M	-595.0M	329.7M	148.1M	-393.5M
Net VEX	-3.8M	-4.3M	-3.3M	-3.8M	-4.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.40	1.80	0.75	1.80
Total Volume	24,512.571	16,651	35,768	26,430	34,317
Total OI	257,145.286	231,942	272,134	243,844	254,338

Daily Data (21 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
2022-05-02	$105.06	$115.00	51.3%	15.6%	52.1%	83.3%	56.5%	10.4%	-1.0%	-2.6M	148.1M	-3.8M	0.75	18.31	N/A	N/A	15,101	11,329	135,391	108,453
2022-05-03	$107.33	$115.00	49.1%	15.1%	51.6%	77.4%	52.1%	9.8%	0.7%	163.2K	64.2M	-3.9M	0.71	7.49	N/A	N/A	13,031	9,280	139,962	113,423
2022-05-04	$111.46	$115.00	45.4%	13.6%	50.8%	67.6%	50.6%	9.7%	-0.1%	5.5M	-84.4M	-4.1M	1.46	10.07	N/A	N/A	11,612	16,948	142,454	115,587
2022-05-05	$104.44	$120.00	50.9%	14.1%	53.8%	82.2%	52.0%	11.4%	-0.9%	-3.0M	191.5M	-3.8M	0.64	43.07	N/A	N/A	13,967	8,998	143,560	123,005
2022-05-06	$101.53	$115.00	50.0%	14.1%	54.3%	80.0%	49.5%	9.7%	-2.0%	-6.4M	266.1M	-3.6M	0.69	42.82	N/A	N/A	14,580	9,998	147,400	124,734
2022-05-09	$97.00	$115.00	55.4%	15.6%	56.0%	94.2%	55.2%	11.2%	-1.2%	-5.2M	329.7M	-3.3M	0.86	39.84	N/A	N/A	11,910	10,202	138,331	114,398
2022-05-10	$98.47	$115.00	57.5%	16.6%	56.4%	100.0%	61.1%	10.8%	0.5%	-4.4M	286.0M	-3.4M	0.72	43.34	N/A	N/A	13,764	9,894	139,916	115,052
2022-05-11	$96.75	$115.00	57.6%	16.7%	56.4%	100.0%	56.4%	10.8%	0.8%	-5.1M	321.3M	-3.3M	0.75	41.32	N/A	N/A	10,082	7,514	140,954	116,684
2022-05-12	$98.86	$115.00	58.1%	16.3%	56.1%	100.0%	59.7%	11.8%	-2.0%	-4.6M	278.1M	-3.5M	0.78	17.67	N/A	N/A	11,522	9,030	142,140	117,948
2022-05-13	$107.96	$115.00	51.8%	14.8%	65.3%	83.5%	53.2%	10.5%	0.4%	462.1K	-5.0M	-3.9M	0.43	34.98	N/A	N/A	20,521	8,764	144,278	119,074
2022-05-16	$104.56	$115.00	51.5%	14.7%	65.9%	82.5%	50.4%	11.1%	-1.5%	-2.1M	123.7M	-3.6M	0.59	38.76	N/A	N/A	11,715	6,878	142,773	115,387
2022-05-17	$107.47	$115.00	49.0%	14.1%	64.0%	76.0%	50.3%	10.1%	-3.1%	-296.0K	21.2M	-3.8M	0.57	45.87	N/A	N/A	10,588	6,063	146,292	117,360
2022-05-18	$103.51	$115.00	52.7%	15.1%	63.6%	85.6%	54.9%	10.4%	-1.5%	-2.2M	149.2M	-3.6M	0.91	31.13	N/A	N/A	9,268	8,449	147,066	118,081
2022-05-19	$105.17	$115.00	49.8%	14.4%	59.8%	78.1%	51.8%	11.9%	-1.6%	-737.0K	122.4M	-3.6M	0.74	36.73	N/A	N/A	11,579	8,589	147,897	119,946
2022-05-20	$106.53	$115.00	49.4%	14.4%	59.9%	77.0%	54.0%	10.2%	-2.6%	-400.1K	45.1M	-3.7M	0.59	14.82	N/A	N/A	16,809	9,869	148,574	121,448
2022-05-23	$107.92	$115.00	47.9%	14.0%	60.1%	73.0%	49.1%	9.6%	0.1%	2.2M	-48.0M	-3.7M	0.78	18.39	N/A	N/A	11,124	8,696	129,591	102,351
2022-05-24	$108.13	$115.00	48.4%	14.1%	58.2%	74.3%	49.4%	10.9%	-0.1%	3.2M	-51.7M	-3.8M	0.62	19.95	N/A	N/A	17,217	10,698	133,173	105,669
2022-05-25	$111.20	$115.00	48.1%	14.1%	59.0%	73.5%	49.2%	10.4%	-0.1%	6.8M	-174.0M	-4.1M	0.40	16.79	N/A	N/A	20,397	8,092	136,697	110,618
2022-05-26	$118.69	$115.00	44.5%	13.0%	63.2%	64.0%	48.6%	10.3%	0.4%	11.4M	-481.4M	-4.3M	0.46	21.90	N/A	N/A	21,018	9,583	142,950	113,068
2022-05-27	$120.55	$115.00	43.0%	12.8%	58.7%	59.9%	47.4%	9.3%	-0.2%	16.1M	-595.0M	-4.3M	0.60	24.06	N/A	N/A	22,416	13,352	147,709	116,319
2022-05-31	$118.55	$115.00	45.0%	13.6%	59.1%	65.3%	56.4%	9.8%	-0.8%	8.6M	-393.5M	-4.3M	1.80	17.12	N/A	N/A	12,256	22,061	140,141	114,197