BX Options History — January 2025

In January 2025, BX traded between $165.09 and $186.59. ATM implied volatility averaged 32.2%, placing in the 51.8% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 0.9% (HV 20d: 33.1%). Max pain ranged from $145.00 to $167.50. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.84.

Notable Days

  • 2025-01-30: Highest Volume — 30,615 contracts
  • 2025-01-27: Largest IV spike — 17.8% change
  • 2025-01-14: Highest IV Rank — 74.4%
  • 2025-01-27: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$177.26$165.09$186.59$173.73$176.96
Max Pain$162.88$145.00$167.50$145.00$167.50
ATM IV32.2%28.1%36.3%31.7%28.8%
Expected Move9.0%7.4%10.4%8.1%8.3%
HV 20d33.1%29.7%39.0%31.4%35.3%
HV 60d32.5%31.7%33.7%32.1%33.4%
IV Rank51.8%28.8%74.4%48.8%32.7%
IV Percentile76.7%31.7%98.0%77.8%39.3%
Term Structure-0.5%-2.5%1.7%-0.1%-0.1%
VWIV31.7%25.9%36.8%28.9%29.0%
Skew 25d4.0%0.0%7.0%4.8%1.6%
Skew 10d6.0%-8.7%20.1%6.2%5.6%
Call IV 25d29.8%26.2%33.9%29.4%27.9%
Put IV 25d33.8%29.5%39.1%34.2%29.5%
Bid-Ask Spread %60.1835.8773.1738.4456.74
Gamma HHI0.090.060.320.060.07
Net GEX11.1M-7.0M32.3M10.0M4.0M
Net DEX-937.4M-1.44B-534.3M-1.04B-580.6M
Net VEX-5.4M-5.7M-5.2M-5.7M-5.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.342.131.030.54
Total Volume11,850.34,69830,6156,63412,426
Total OI318,727.45249,140378,228362,056275,346

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$173.73$145.0031.7%8.1%31.4%48.8%28.9%4.8%-0.1%10.0M-1.04B-5.7M1.0338.44N/AN/A3,2643,370150,769211,287
2025-01-03$175.70$145.0030.7%7.4%31.8%43.1%25.9%3.5%0.2%14.8M-1.16B-5.5M0.4435.87N/AN/A3,2531,445151,246211,279
2025-01-06$174.89$160.0031.6%9.0%31.4%48.4%31.5%0.0%0.4%10.5M-1.11B-5.4M2.1373.17N/AN/A4,2909,141148,580210,386
2025-01-07$170.66$165.0034.5%9.2%32.3%64.4%32.3%3.0%-2.5%-666.9K-871.2M-5.6M0.6772.43N/AN/A5,6613,803150,646214,833
2025-01-08$173.56$165.0032.3%9.0%33.1%51.9%31.5%4.7%0.1%4.2M-1.04B-5.5M1.5770.49N/AN/A3,5435,564151,029215,410
2025-01-10$165.50$165.0035.2%9.6%34.5%68.5%32.5%4.3%-1.6%-7.0M-617.2M-5.4M1.0663.65N/AN/A11,66612,370151,747213,639
2025-01-13$165.09$165.0035.8%9.8%33.9%71.4%34.2%5.0%-1.3%-5.4M-650.7M-5.6M1.1364.47N/AN/A6,3127,147151,960211,360
2025-01-14$169.03$165.0036.3%9.8%35.5%74.4%33.5%7.0%-2.4%1.9M-863.7M-5.7M0.8465.19N/AN/A6,5815,500153,698213,541
2025-01-15$175.63$165.0031.9%9.0%38.8%49.7%31.6%6.6%-0.1%17.2M-1.25B-5.6M0.5867.18N/AN/A6,5363,820156,840216,401
2025-01-16$177.16$165.0032.7%9.0%39.0%54.2%32.7%3.5%-1.6%20.7M-1.34B-5.4M0.3468.25N/AN/A6,4712,197158,306217,972
2025-01-17$179.41$165.0032.1%9.0%38.3%50.8%31.1%3.8%-0.9%32.3M-1.44B-5.5M0.4869.16N/AN/A12,0135,735158,865219,363
2025-01-21$181.64$165.0031.0%8.8%30.4%44.7%31.4%3.8%1.7%16.4M-819.9M-5.3M0.6759.94N/AN/A6,2924,191105,304143,836
2025-01-22$183.00$165.0031.4%9.0%29.7%47.1%31.6%3.8%-0.7%21.1M-885.5M-5.4M0.7657.88N/AN/A5,4094,127108,637145,001
2025-01-23$185.22$165.0030.4%8.8%29.7%41.4%31.0%3.7%-1.0%20.7M-961.4M-5.3M0.9856.10N/AN/A3,1743,125109,177147,573
2025-01-24$186.59$165.0030.5%8.7%29.7%42.4%29.8%2.9%0.4%18.9M-1.01B-5.3M0.7159.96N/AN/A5,0663,589110,022149,662
2025-01-27$182.38$165.0036.0%10.4%30.7%72.7%36.8%6.4%-0.4%10.7M-761.0M-5.6M0.5454.45N/AN/A5,5883,031106,627148,161
2025-01-28$186.08$165.0031.6%9.8%31.3%48.0%35.3%3.9%0.4%16.1M-919.6M-5.3M1.1458.88N/AN/A4,9535,649108,664148,514
2025-01-29$185.91$165.0032.3%9.7%30.0%52.0%34.5%4.4%-1.7%15.0M-914.0M-5.3M0.7659.31N/AN/A5,7284,361110,035152,267
2025-01-30$177.01$165.0028.1%8.3%35.3%28.8%28.6%2.7%1.1%1.5M-534.3M-5.3M0.5052.01N/AN/A20,45510,160112,313154,253
2025-01-31$176.96$167.5028.8%8.3%35.3%32.7%29.0%1.6%-0.1%4.0M-580.6M-5.2M0.5456.74N/AN/A8,0904,336117,692157,654