BX Options History — April 2023

In April 2023, BX traded between $80.93 and $92.50. ATM implied volatility averaged 41.5%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 1.2% (HV 20d: 40.4%). Max pain ranged from $87.50 to $90.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.90.

Notable Days

  • 2023-04-25: Highest Volume — 70,163 contracts
  • 2023-04-25: Largest IV spike — 23.0% change
  • 2023-04-04: Highest IV Rank — 57.9%
  • 2023-04-05: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.04$80.93$92.50$85.05$89.19
Max Pain$89.61$87.50$90.00$87.50$90.00
ATM IV41.5%31.9%50.1%46.0%34.9%
Expected Move11.9%9.0%14.9%13.4%10.3%
HV 20d40.4%33.2%54.6%52.7%37.1%
HV 60d40.8%39.7%41.6%41.0%40.0%
IV Rank27.9%0.0%57.9%41.9%10.5%
IV Percentile28.9%0.0%71.4%52.0%0.8%
Term Structure-1.1%-3.4%1.2%-1.9%-0.8%
VWIV42.8%30.4%56.4%50.1%37.5%
Skew 25d8.3%5.3%11.3%10.6%5.3%
Skew 10d15.6%10.6%21.7%19.6%10.6%
Call IV 25d37.5%29.9%43.9%39.9%32.7%
Put IV 25d45.8%35.8%55.2%50.5%38.0%
Bid-Ask Spread %8.893.5527.725.213.55
Gamma HHI0.090.050.120.100.05
Net GEX-11.9M-26.4M5.6M-13.4M-3.5M
Net DEX216.6M-232.3M541.9M280.1M20.2M
Net VEX-5.0M-5.4M-4.8M-5.0M-5.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.900.735.464.341.53
Total Volume31,749.26312,09770,16343,96632,772
Total OI434,991.684360,290502,801404,208406,182

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$85.05$87.5046.0%13.4%52.7%41.9%50.1%10.6%-1.9%-13.4M280.1M-5.0M4.345.21N/AN/A8,22635,740164,610239,598
2023-04-04$81.19$87.5050.1%14.9%54.6%57.9%56.4%11.0%-2.1%-23.9M517.9M-4.9M5.436.50N/AN/A9,58752,020166,184257,460
2023-04-05$80.93$87.5049.4%14.9%53.7%55.3%52.1%11.3%-1.2%-26.4M541.9M-5.0M1.983.62N/AN/A9,63819,103168,723275,182
2023-04-06$82.05$90.0048.0%13.6%46.5%49.8%50.4%10.3%-1.1%-19.7M466.5M-5.0M1.236.67N/AN/A7,9169,716171,868283,223
2023-04-10$81.50$90.0048.9%13.8%41.9%53.4%50.3%10.5%-0.3%-22.5M485.8M-4.9M0.917.82N/AN/A8,9898,189167,266271,040
2023-04-11$83.88$90.0046.9%12.7%40.6%45.5%46.6%10.2%-2.2%-16.4M333.2M-4.9M1.0627.35N/AN/A7,1197,532170,266273,087
2023-04-12$82.85$90.0046.1%12.4%39.2%42.5%45.5%10.1%-3.4%-19.0M396.9M-4.9M0.9027.72N/AN/A6,3945,776173,658274,205
2023-04-13$84.53$90.0043.6%12.1%39.9%32.8%43.1%9.2%-1.4%-13.0M284.4M-4.9M0.7412.05N/AN/A9,4817,001177,318275,811
2023-04-14$85.17$90.0041.7%11.7%39.3%25.5%43.1%9.3%-1.7%-8.1M236.7M-4.9M1.868.39N/AN/A6,03311,218181,510277,977
2023-04-17$86.95$90.0039.6%11.3%37.5%17.1%39.7%7.7%-1.6%-8.4M124.9M-4.8M1.398.12N/AN/A11,92516,630173,497268,308
2023-04-18$90.85$90.0040.5%11.6%38.6%20.9%40.3%7.7%-1.6%3.7M-149.6M-5.0M1.784.32N/AN/A22,45439,899179,967269,928
2023-04-19$92.50$90.0037.6%10.8%34.4%9.5%37.4%6.6%-1.7%5.6M-232.3M-5.1M2.348.38N/AN/A15,05235,237185,260288,234
2023-04-20$91.54$90.0035.3%10.2%33.2%0.8%35.2%5.9%-1.4%3.9M-180.4M-5.2M1.524.25N/AN/A15,73023,955193,069298,388
2023-04-21$89.27$90.0033.6%9.5%34.6%0.0%35.5%5.5%0.9%-2.1M71.0M-5.1M1.097.30N/AN/A16,11617,639195,557307,244
2023-04-24$88.71$90.0031.9%9.0%34.6%0.0%30.4%5.9%1.2%-10.7M114.2M-5.0M0.737.21N/AN/A17,22012,496160,326199,964
2023-04-25$86.28$90.0039.2%11.4%36.2%25.2%42.1%7.4%-0.4%-11.0M239.7M-5.0M5.4612.01N/AN/A10,86759,296169,256204,073
2023-04-26$85.33$90.0039.4%11.5%36.1%25.9%40.0%6.8%-0.7%-18.3M336.8M-5.1M0.863.75N/AN/A6,5035,594173,795222,450
2023-04-27$87.00$90.0036.3%10.4%36.1%15.3%38.1%6.5%0.7%-22.4M228.2M-5.1M0.954.77N/AN/A7,2606,913175,845224,513
2023-04-28$89.19$90.0034.9%10.3%37.1%10.5%37.5%5.3%-0.8%-3.5M20.2M-5.4M1.533.55N/AN/A12,97619,796177,554228,628