BX Options History — March 2023

In March 2023, BX traded between $80.14 and $91.82. ATM implied volatility averaged 48.9%, placing in the 53.6% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 5.6% (HV 20d: 43.3%). Max pain ranged from $87.50 to $92.50. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 2.50.

Notable Days

  • 2023-03-10: Highest Volume — 240,536 contracts
  • 2023-03-10: Largest IV spike — 31.5% change
  • 2023-03-10: Highest IV Rank — 100.0%
  • 2023-03-24: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.29$80.14$91.82$90.03$87.43
Max Pain$90.09$87.50$92.50$92.50$87.50
ATM IV48.9%36.4%61.0%38.6%44.6%
Expected Move14.3%10.8%17.2%11.3%12.7%
HV 20d43.3%28.6%52.0%31.0%52.0%
HV 60d39.6%35.7%41.7%37.1%40.6%
IV Rank53.6%5.1%100.0%14.2%36.5%
IV Percentile60.6%1.2%100.0%11.1%39.7%
Term Structure-0.0%-1.9%3.2%-0.6%-0.6%
VWIV52.2%37.8%66.9%40.4%46.0%
Skew 25d9.8%5.3%16.2%6.5%8.4%
Skew 10d20.1%10.8%32.9%11.9%16.3%
Call IV 25d44.2%33.9%54.7%35.4%40.0%
Put IV 25d54.0%39.3%68.3%41.9%48.3%
Bid-Ask Spread %15.263.2442.254.024.99
Gamma HHI0.100.070.250.080.07
Net GEX-14.4M-30.7M-3.8M-9.3M-3.8M
Net DEX280.1M12.5M731.4M114.9M116.0M
Net VEX-5.1M-5.5M-4.6M-4.7M-5.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.500.778.662.370.77
Total Volume42,054.17413,098240,53616,25917,094
Total OI474,622.261396,648562,185489,232435,141

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$90.03$92.5038.6%11.3%31.0%14.2%40.4%6.5%-0.6%-9.3M114.9M-4.7M2.374.02N/AN/A4,82211,437152,050337,182
2023-03-02$89.35$92.5038.2%11.4%29.2%12.8%40.5%5.5%-0.8%-11.5M153.8M-4.7M2.156.56N/AN/A7,10415,293153,936339,137
2023-03-03$90.88$92.5036.8%10.8%29.4%6.9%37.8%5.7%-0.1%-7.6M72.2M-4.7M1.194.39N/AN/A22,90127,199155,907344,780
2023-03-06$91.58$92.5036.4%11.1%28.6%5.1%40.5%5.4%1.2%-5.4M32.9M-4.7M1.9210.79N/AN/A6,71212,889151,789329,458
2023-03-07$89.88$92.5037.2%11.2%28.8%8.7%39.9%5.3%0.2%-9.2M126.1M-4.6M2.789.86N/AN/A4,97913,854155,447335,200
2023-03-08$91.82$90.0037.2%11.2%29.6%8.5%41.7%6.2%-0.6%-4.0M12.5M-4.7M2.1414.87N/AN/A5,44911,634157,359340,385
2023-03-09$84.75$90.0046.3%13.6%40.1%46.3%50.8%6.5%-1.7%-19.9M414.1M-4.6M4.7722.11N/AN/A12,67560,510160,056346,099
2023-03-10$80.14$90.0060.9%17.1%42.4%100.0%62.9%13.8%-0.8%-30.7M731.4M-4.8M8.6614.37N/AN/A24,891215,645162,948370,277
2023-03-13$83.44$90.0061.0%17.2%45.0%100.0%66.9%16.2%-0.4%-22.2M511.7M-5.3M2.9716.43N/AN/A17,50652,013166,460361,604
2023-03-14$86.07$90.0051.1%15.5%44.4%61.8%62.0%12.4%3.2%-17.5M348.3M-5.4M2.8715.51N/AN/A12,76936,674173,614365,839
2023-03-15$86.45$90.0056.5%16.5%44.4%82.6%63.4%14.0%0.8%-15.3M303.1M-5.4M3.7135.83N/AN/A6,67324,754179,000357,770
2023-03-16$88.10$90.0052.0%15.6%45.3%65.2%56.3%14.5%3.0%-13.1M203.5M-5.5M1.3333.77N/AN/A16,11221,499180,063370,325
2023-03-17$84.76$90.0055.1%16.4%46.6%77.3%63.1%13.0%2.8%-24.9M422.9M-5.3M3.6642.25N/AN/A12,46445,562186,983375,202
2023-03-20$82.29$90.0057.2%16.7%47.4%85.4%58.4%12.8%-0.4%-17.9M449.0M-5.3M2.3118.41N/AN/A9,65722,265147,427249,221
2023-03-21$86.84$90.0048.6%14.1%51.3%52.1%48.8%9.8%0.6%-12.6M207.8M-5.4M1.8314.28N/AN/A13,12424,079151,881258,918
2023-03-22$84.69$90.0051.0%14.6%51.9%61.2%50.8%8.1%0.6%-13.9M295.1M-5.4M1.2826.65N/AN/A8,49110,832159,228257,273
2023-03-23$84.06$90.0055.9%16.0%51.8%80.3%55.8%10.7%0.8%-14.7M336.3M-5.4M1.8214.41N/AN/A8,95416,306160,808258,753
2023-03-24$83.74$90.0059.7%17.2%51.3%94.9%63.6%12.0%-1.8%-17.2M348.8M-5.5M2.1612.04N/AN/A10,78423,310165,411262,196
2023-03-27$84.50$89.0052.8%15.2%51.3%68.4%55.7%10.1%-1.3%-15.0M308.4M-5.3M1.6112.24N/AN/A10,60717,102159,599250,555
2023-03-28$83.36$88.0052.4%15.0%51.1%66.7%55.7%10.3%-1.9%-17.3M380.4M-5.2M0.783.24N/AN/A10,2938,052166,342259,107
2023-03-29$84.91$87.5048.5%13.9%51.7%51.8%49.2%9.2%-1.4%-14.5M297.9M-5.2M0.876.34N/AN/A6,9936,105169,486261,499
2023-03-30$85.50$87.5046.9%13.4%51.7%45.4%50.6%9.9%-1.4%-14.1M254.6M-5.2M3.447.60N/AN/A8,81830,360171,467263,130
2023-03-31$87.43$87.5044.6%12.7%52.0%36.5%46.0%8.4%-0.6%-3.8M116.0M-5.2M0.774.99N/AN/A9,6837,411173,841261,300