BX Options History — March 2024

In March 2024, BX traded between $123.41 and $131.98. ATM implied volatility averaged 31.9%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 7.9% (HV 20d: 24.0%). Max pain ranged from $120.00 to $127.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 2.40.

Notable Days

  • 2024-03-01: Highest Volume — 41,587 contracts
  • 2024-03-04: Largest IV spike — 8.1% change
  • 2024-03-28: Highest IV Rank — 31.5%
  • 2024-03-11: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$126.52$123.41$131.98$127.96$131.41
Max Pain$125.25$120.00$127.00$120.00$127.00
ATM IV31.9%29.1%33.7%29.1%33.4%
Expected Move9.4%8.3%9.8%8.3%9.0%
HV 20d24.0%17.1%29.0%28.9%25.0%
HV 60d27.5%24.9%30.5%30.5%26.1%
IV Rank20.9%12.1%31.5%12.1%31.5%
IV Percentile54.0%26.6%71.4%26.6%69.8%
Term Structure0.5%-4.1%3.4%-0.7%-4.1%
VWIV33.4%29.4%35.0%29.4%31.9%
Skew 25d1.7%-2.3%3.2%2.8%1.3%
Skew 10d4.5%1.0%8.3%4.1%1.0%
Call IV 25d31.1%27.3%34.0%27.7%32.2%
Put IV 25d32.8%29.2%35.5%30.5%33.5%
Bid-Ask Spread %30.9218.3351.9918.5732.71
Gamma HHI0.080.060.130.130.06
Net GEX-9.5M-28.6M16.8M16.8M4.1M
Net DEX-235.9M-539.2M-12.5M-442.9M-495.4M
Net VEX-7.0M-7.3M-6.6M-6.8M-6.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.400.914.804.801.95
Total Volume20,621.657,69441,58741,58723,521
Total OI416,880.5374,479462,853400,130407,135

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$127.96$120.0029.1%8.3%28.9%12.1%29.4%2.8%-0.7%16.8M-442.9M-6.8M4.8018.57N/AN/A7,17034,417141,026259,104
2024-03-04$127.03$125.0031.4%9.5%29.0%18.6%33.6%-0.1%-0.1%-5.3M-344.9M-7.0M1.7122.47N/AN/A5,6199,624137,740278,212
2024-03-05$124.25$125.0033.1%9.7%28.3%23.1%34.8%2.5%-0.9%-14.0M-138.4M-7.1M2.9919.58N/AN/A4,66313,940139,590282,266
2024-03-06$123.41$125.0031.8%9.6%27.6%19.5%34.3%1.1%0.1%-19.1M-48.3M-7.3M1.6036.83N/AN/A6,96711,113140,618286,718
2024-03-07$125.00$125.0031.4%9.7%27.0%18.5%34.6%1.8%0.3%-12.1M-202.8M-7.1M2.8019.98N/AN/A2,8257,907141,928287,443
2024-03-08$125.58$125.0031.0%9.6%26.6%17.3%33.4%1.8%0.1%-5.1M-247.5M-7.0M2.1238.52N/AN/A6,25313,260142,920290,991
2024-03-11$125.01$125.0031.8%9.8%26.6%19.7%35.0%-2.3%2.6%-13.7M-188.9M-7.0M3.8740.95N/AN/A4,05515,684138,501288,446
2024-03-12$124.05$125.0030.9%9.3%25.3%17.2%32.7%2.5%-0.2%-25.0M-95.6M-7.0M2.1142.88N/AN/A7,30715,418140,142299,562
2024-03-13$126.06$125.0029.7%9.5%20.9%13.9%33.7%3.2%3.4%-11.5M-266.2M-7.0M3.6444.71N/AN/A5,30419,303142,796302,800
2024-03-14$123.70$125.0031.6%9.6%19.4%19.7%34.4%2.3%2.6%-28.6M-48.0M-7.2M1.8551.99N/AN/A6,95312,867144,265314,523
2024-03-15$124.20$125.0031.5%9.6%18.3%19.4%34.2%1.1%3.4%-23.5M-65.4M-7.2M3.2242.79N/AN/A7,66424,645145,123317,730
2024-03-18$123.73$125.0032.8%9.6%17.7%23.2%34.2%3.0%1.6%-18.0M-12.5M-7.1M2.3927.47N/AN/A5,83313,940115,407259,072
2024-03-19$123.96$125.0032.6%9.4%17.1%22.5%33.5%3.0%0.8%-17.7M-29.0M-7.2M2.4627.83N/AN/A5,68814,001119,137265,689
2024-03-20$127.56$125.0031.7%9.1%20.0%20.0%33.0%2.1%0.4%-3.3M-272.5M-7.0M2.1426.54N/AN/A5,90012,602123,163272,675
2024-03-21$131.98$125.0031.9%9.1%23.0%20.7%32.9%1.5%1.0%6.1M-539.2M-6.8M0.9120.97N/AN/A16,03814,519125,127274,327
2024-03-22$128.32$127.0032.4%9.2%24.3%22.0%32.9%1.9%1.2%860.5K-306.1M-7.1M1.9429.85N/AN/A5,63010,918131,150281,721
2024-03-25$128.81$127.0032.9%9.3%24.4%23.5%33.7%2.6%-0.8%-10.3M-290.2M-6.9M2.8725.79N/AN/A6,52318,724125,628271,123
2024-03-26$127.97$127.0033.7%9.2%24.3%25.8%33.1%1.2%-1.0%-10.7M-266.5M-6.9M1.5129.67N/AN/A3,1644,780129,323270,121
2024-03-27$130.43$127.0033.0%9.0%25.1%29.5%33.0%0.2%-0.2%1.0M-417.1M-6.8M1.1018.33N/AN/A3,6574,037130,660273,708
2024-03-28$131.41$127.0033.4%9.0%25.0%31.5%31.9%1.3%-4.1%4.1M-495.4M-6.6M1.9532.71N/AN/A7,98415,537132,498274,637