BX Options History — December 2023

In December 2023, BX traded between $111.94 and $133.24. ATM implied volatility averaged 28.0%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 3.5% (HV 20d: 31.5%). Max pain ranged from $95.00 to $110.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.12.

Notable Days

  • 2023-12-14: Highest Volume — 39,752 contracts
  • 2023-12-26: Largest IV spike — 6.8% change
  • 2023-12-26: Highest IV Rank — 19.1%
  • 2023-12-20: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$122.64$111.94$133.24$114.03$131.13
Max Pain$101.13$95.00$110.00$100.00$110.00
ATM IV28.0%25.2%31.6%25.2%31.5%
Expected Move7.8%7.2%8.4%7.8%7.5%
HV 20d31.5%26.2%34.8%30.8%34.5%
HV 60d37.0%34.7%39.3%35.1%37.2%
IV Rank9.3%1.3%19.1%1.3%18.7%
IV Percentile16.8%1.2%38.1%1.2%37.7%
Term Structure1.0%-0.3%2.9%0.1%1.9%
VWIV28.0%26.0%30.6%27.6%27.4%
Skew 25d1.5%0.4%2.3%1.4%2.0%
Skew 10d3.2%1.1%4.7%3.3%3.9%
Call IV 25d27.4%24.7%31.4%24.8%30.2%
Put IV 25d28.9%26.2%33.5%26.2%32.2%
Bid-Ask Spread %6.843.969.088.904.28
Gamma HHI0.120.070.170.150.08
Net GEX23.6M12.3M31.8M31.3M20.5M
Net DEX-1.13B-1.64B-705.0M-940.0M-1.30B
Net VEX-5.0M-5.4M-4.3M-4.7M-5.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.372.910.782.05
Total Volume19,453.757,60639,75219,79714,504
Total OI387,256.95356,733414,102364,183414,102

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$114.03$100.0025.2%7.8%30.8%1.3%27.6%1.4%0.1%31.3M-940.0M-4.7M0.788.90N/AN/A11,1248,673167,233196,950
2023-12-04$115.38$95.0025.9%7.6%29.8%3.3%26.7%1.6%0.7%31.0M-978.0M-4.9M0.488.44N/AN/A15,4037,351166,710197,096
2023-12-05$115.06$95.0026.0%7.6%26.3%3.6%27.4%1.8%0.6%31.4M-969.8M-5.0M0.376.57N/AN/A6,4392,378170,981200,545
2023-12-06$111.94$95.0027.4%8.0%29.0%7.4%27.6%2.3%0.4%20.9M-717.6M-5.1M1.918.69N/AN/A11,98522,925170,647207,156
2023-12-07$113.89$97.5027.2%7.8%29.1%7.0%27.8%1.6%0.1%12.3M-796.0M-5.1M1.558.93N/AN/A5,5598,623172,393218,670
2023-12-08$112.81$100.0026.3%7.6%26.8%4.4%29.5%1.7%0.7%15.8M-705.0M-5.1M2.916.85N/AN/A4,87214,167174,095223,708
2023-12-11$112.56$100.0026.6%7.5%26.6%5.3%27.3%2.2%-0.3%19.6M-724.3M-5.1M0.966.91N/AN/A3,8743,732170,135216,807
2023-12-12$113.07$100.0025.4%7.2%26.2%2.1%26.0%2.0%-0.3%20.8M-749.7M-5.1M1.027.75N/AN/A4,4974,571171,777218,970
2023-12-13$119.78$100.0026.3%7.5%27.7%4.4%26.7%1.3%-0.1%31.0M-1.21B-4.7M0.417.69N/AN/A9,6613,988172,514221,063
2023-12-14$127.58$100.0027.2%7.8%34.0%7.0%28.4%0.4%-0.2%22.5M-1.61B-4.3M0.445.63N/AN/A27,51212,240174,774222,109
2023-12-15$128.25$100.0027.9%8.0%33.5%8.8%28.4%0.4%-0.1%23.2M-1.64B-4.6M0.437.24N/AN/A27,01111,520183,759228,274
2023-12-18$126.30$100.0027.6%7.9%34.7%8.0%27.6%1.4%2.2%22.7M-1.16B-4.8M1.225.23N/AN/A8,1989,970163,572193,161
2023-12-19$127.75$100.0028.0%8.0%34.6%9.1%28.3%1.1%2.9%22.4M-1.22B-4.9M0.715.76N/AN/A9,5836,773166,795199,386
2023-12-20$126.64$100.0029.3%8.4%34.7%12.8%30.2%1.3%2.9%20.5M-1.14B-5.2M1.269.08N/AN/A10,84213,620170,674204,153
2023-12-21$128.81$105.0029.3%8.3%34.8%12.9%30.6%1.3%2.4%23.2M-1.24B-5.3M1.576.12N/AN/A7,73412,179174,302212,437
2023-12-22$130.52$105.0029.6%8.2%34.8%13.5%29.2%1.2%2.9%31.8M-1.34B-5.4M1.036.96N/AN/A9,6119,945177,794219,935
2023-12-26$131.58$105.0031.6%8.1%34.6%19.1%28.4%2.1%1.4%20.9M-1.34B-5.3M0.843.96N/AN/A8,7697,406174,459220,991
2023-12-27$132.43$105.0031.5%7.8%34.6%18.8%28.1%1.0%0.8%23.0M-1.39B-5.2M1.005.04N/AN/A7,9157,887176,118224,617
2023-12-28$133.24$110.0031.1%7.6%33.4%17.7%26.6%1.8%1.6%26.3M-1.44B-5.1M1.426.82N/AN/A6,6389,396178,364227,913
2023-12-29$131.13$110.0031.5%7.5%34.5%18.7%27.4%2.0%1.9%20.5M-1.30B-5.3M2.054.28N/AN/A4,7619,743179,634234,468