BDN Options History — January 2007

Name: BDN Options Analytics - January 2007
Creator: Options Analysis Suite

In January 2007, BDN traded between $32.04 and $34.86. ATM implied volatility averaged 18.8%. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 5.1% (HV 20d: 13.8%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 1.67.

Notable Days

2007-01-09: Highest Volume — 11 contracts
2007-01-11: Largest IV drop — 54.3% change
2007-01-04: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.50	$32.04	$34.86	$32.65	$34.86
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	18.8%	10.6%	24.3%	23.2%	18.1%
Expected Move	4.9%	3.0%	6.7%	6.7%	5.2%
HV 20d	13.8%	13.4%	14.0%	14.0%	13.6%
Term Structure	0.4%	-10.1%	6.1%	-9.3%	0.5%
VWIV	15.5%	15.5%	15.5%	15.5%	15.5%
Bid-Ask Spread %	101.99	83.47	112.75	112.75	84.52
Gamma HHI	0.75	0.55	1.00	1.00	0.63
Net GEX	137	-614	1.0K	0	1.0K
Net DEX	-7.2K	-25.2K	6.4K	0	-25.2K
Net VEX	-94	-186	0	0	-180
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.67	0.00	10.00	0.00	0.00
Total Volume	1.45	0	11	1	0
Total OI	13.8	0	25	0	25

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2007-01-03	$32.65	$0.00	23.2%	6.7%	0.0%	0.0%	0.0%	0.0%	-9.3%	0	0	0	0.00	112.75	1	0	0	0
2007-01-04	$32.56	$0.00	23.4%	6.7%	0.0%	0.0%	0.0%	0.0%	-10.1%	81	-1.3K	-9	0.00	112.75	0	0	1	0
2007-01-05	$32.08	$0.00	22.7%	4.7%	0.0%	0.0%	0.0%	0.0%	2.9%	77	-1.2K	-9	0.00	112.15	0	0	1	0
2007-01-08	$32.04	$0.00	24.3%	4.8%	0.0%	0.0%	0.0%	0.0%	3.0%	76	-1.1K	-8	0.00	112.08	0	0	1	0
2007-01-09	$32.43	$0.00	23.1%	4.0%	0.0%	0.0%	0.0%	0.0%	5.8%	85	-1.2K	-9	10.00	106.14	1	10	1	0
2007-01-10	$32.95	$0.00	23.3%	4.1%	0.0%	0.0%	0.0%	0.0%	-0.9%	-614	6.4K	-65	0.00	94.73	0	0	1	10
2007-01-11	$32.88	$0.00	10.6%	3.0%	0.0%	0.0%	15.5%	0.0%	5.7%	-611	6.3K	-64	0.00	105.28	1	0	1	10
2007-01-12	$33.02	$30.00	11.1%	3.2%	0.0%	0.0%	0.0%	0.0%	6.1%	-592	2.7K	-61	0.00	105.27	0	0	2	10
2007-01-16	$33.30	$30.00	13.7%	3.9%	0.0%	0.0%	0.0%	0.0%	0.7%	-516	666	-66	0.00	95.96	0	0	2	10
2007-01-17	$33.73	$30.00	15.7%	4.5%	0.0%	0.0%	0.0%	0.0%	0.7%	-479	354	-67	0.00	95.13	0	0	2	10
2007-01-18	$33.72	$30.00	16.6%	4.8%	0.0%	0.0%	0.0%	0.0%	0.4%	-490	894	-69	0.00	102.10	10	0	2	10
2007-01-19	$33.93	$30.00	19.5%	5.6%	0.0%	0.0%	0.0%	0.0%	0.2%	545	-15.4K	-162	0.00	99.29	0	0	12	10
2007-01-22	$33.82	$30.00	16.1%	4.6%	0.0%	0.0%	0.0%	0.0%	1.1%	541	-14.8K	-161	0.00	106.50	0	0	12	10
2007-01-23	$33.95	$30.00	18.9%	5.4%	0.0%	0.0%	0.0%	0.0%	0.2%	562	-15.3K	-160	0.00	102.62	0	0	12	10
2007-01-24	$34.00	$30.00	18.9%	5.4%	0.0%	0.0%	0.0%	0.0%	0.6%	568	-15.4K	-156	0.00	103.17	0	0	12	10
2007-01-25	$34.67	$30.00	18.2%	5.2%	14.0%	0.0%	0.0%	0.0%	0.5%	638	-18.0K	-157	0.00	83.47	1	0	12	10
2007-01-26	$34.51	$30.00	19.8%	5.7%	14.0%	0.0%	0.0%	0.0%	0.4%	515	-15.9K	-151	0.00	98.47	0	0	11	10
2007-01-29	$34.42	$30.00	19.9%	5.7%	13.7%	0.0%	0.0%	0.0%	-0.2%	501	-15.4K	-147	0.00	102.21	5	0	11	10
2007-01-30	$34.39	$30.00	19.2%	5.5%	13.4%	0.0%	0.0%	0.0%	0.7%	809	-20.8K	-186	0.00	105.25	0	0	15	10
2007-01-31	$34.86	$30.00	18.1%	5.2%	13.6%	0.0%	0.0%	0.0%	0.5%	1.0K	-25.2K	-180	0.00	84.52	0	0	15	10