BX Options History — September 2023

In September 2023, BX traded between $104.61 and $115.16. ATM implied volatility averaged 29.0%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 3.6% (HV 20d: 25.4%). Max pain ranged from $95.00 to $110.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 1.54.

Notable Days

  • 2023-09-15: Highest Volume — 94,766 contracts
  • 2023-09-15: Largest IV spike — 10.8% change
  • 2023-09-26: Highest IV Rank — 29.2%
  • 2023-09-26: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$110.72$104.61$115.16$104.61$106.82
Max Pain$104.38$95.00$110.00$97.50$110.00
ATM IV29.0%25.3%35.7%26.7%34.5%
Expected Move8.5%7.8%10.0%7.8%9.5%
HV 20d25.4%22.6%29.9%25.3%27.6%
HV 60d27.4%26.7%28.4%26.8%27.9%
IV Rank9.8%0.0%29.2%0.0%25.7%
IV Percentile11.5%0.0%34.1%0.0%31.7%
Term Structure0.8%-1.7%2.5%0.9%-1.7%
VWIV30.4%27.3%34.4%27.3%32.5%
Skew 25d3.6%1.8%6.3%1.8%4.8%
Skew 10d6.7%4.1%10.3%4.1%9.0%
Call IV 25d27.4%23.8%33.0%26.1%32.2%
Put IV 25d31.0%26.5%38.4%27.9%37.0%
Bid-Ask Spread %11.753.8253.375.4111.20
Gamma HHI0.140.070.320.110.07
Net GEX22.5M-35.3M75.9M60.9M-9.0M
Net DEX-780.5M-1.50B68.8M-812.5M-62.4M
Net VEX-5.4M-5.9M-4.8M-5.4M-5.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.333.430.461.39
Total Volume33,819.912,71294,76685,94415,436
Total OI416,598.7380,712459,242431,844395,386

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$104.61$97.5026.7%7.8%25.3%0.0%27.3%1.8%0.9%60.9M-812.5M-5.4M0.465.41N/AN/A59,03526,909228,943202,901
2023-09-05$108.66$95.0025.9%8.1%28.3%0.0%29.1%2.5%0.8%65.0M-1.12B-5.1M0.3353.37N/AN/A29,3739,594217,587209,834
2023-09-06$108.38$95.0026.1%8.0%28.4%0.6%28.4%2.5%0.3%61.9M-1.07B-5.1M0.7415.58N/AN/A10,2817,650219,739212,121
2023-09-07$109.91$95.0025.8%8.1%24.7%0.0%28.9%2.3%0.3%75.9M-1.24B-5.0M0.6411.19N/AN/A18,12311,573220,869214,357
2023-09-08$112.59$95.0025.3%7.9%25.1%0.0%28.7%2.4%0.6%43.1M-1.50B-4.8M0.349.35N/AN/A33,94811,571219,576214,897
2023-09-11$113.79$100.0025.8%8.0%24.5%1.3%29.9%2.8%2.2%53.3M-1.41B-4.8M0.664.39N/AN/A23,28315,283211,850204,309
2023-09-12$112.73$100.0025.4%7.8%24.4%0.1%29.0%2.6%2.0%50.6M-1.29B-5.0M1.478.82N/AN/A8,45812,407216,997213,561
2023-09-13$112.69$100.0025.5%7.8%24.3%0.5%28.0%2.8%1.6%50.5M-1.27B-5.0M0.8412.17N/AN/A13,93511,678218,885216,279
2023-09-14$113.06$105.0025.4%7.8%24.1%0.2%29.4%2.7%2.5%51.1M-1.29B-5.0M1.7011.84N/AN/A9,45916,102222,326224,036
2023-09-15$114.49$105.0028.1%8.5%23.5%7.9%31.8%3.6%2.3%61.9M-1.45B-5.0M1.8213.62N/AN/A33,64461,122225,765233,477
2023-09-18$114.62$110.0027.5%8.0%22.7%6.0%29.7%4.2%1.4%1.8M-723.4M-5.4M2.075.76N/AN/A9,26519,180164,628216,084
2023-09-19$115.16$110.0027.9%8.1%22.6%7.2%29.3%3.9%2.0%2.9M-773.6M-5.4M2.373.82N/AN/A5,62213,343170,053229,010
2023-09-20$113.96$110.0030.0%8.6%22.6%13.0%30.0%3.8%1.1%-7.7M-650.4M-5.6M1.674.87N/AN/A12,62921,075172,179232,633
2023-09-21$111.20$110.0031.6%9.0%25.0%17.5%31.7%4.3%1.4%-35.3M-276.9M-5.9M3.079.69N/AN/A11,30834,690176,798242,435
2023-09-22$111.38$110.0031.3%8.9%24.8%16.7%30.4%3.8%1.2%-25.5M-327.6M-5.9M3.437.80N/AN/A5,06817,388178,940239,669
2023-09-25$110.21$110.0033.0%9.1%25.4%21.6%31.8%6.3%0.3%-13.5M-282.5M-5.8M1.2414.31N/AN/A5,6837,029161,006226,621
2023-09-26$105.91$110.0035.7%10.0%29.9%29.2%34.4%5.4%-1.2%-15.2M68.8M-5.8M1.7713.29N/AN/A10,95519,376162,579228,361
2023-09-27$106.22$110.0034.7%9.7%27.2%26.3%34.4%5.5%-0.8%-14.1M28.5M-5.8M3.307.61N/AN/A7,19223,728166,485228,583
2023-09-28$107.98$110.0033.5%9.5%27.7%22.8%33.4%4.8%-0.8%-9.7M-154.3M-5.8M1.5510.86N/AN/A5,4998,504170,607221,608
2023-09-29$106.82$110.0034.5%9.5%27.6%25.7%32.5%4.8%-1.7%-9.0M-62.4M-5.7M1.3911.20N/AN/A6,4558,981172,805222,581