BDN Options History — March 2007

In March 2007, BDN traded between $33.11 and $35.30. ATM implied volatility averaged 17.8%. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 5.7% (HV 20d: 23.5%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-03-02: Highest Volume — 13 contracts
  • 2007-03-06: Largest IV drop — 56.9% change
  • 2007-03-14: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.24$33.11$35.30$35.30$33.41
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV17.8%11.8%27.4%19.4%15.2%
Expected Move5.3%3.8%5.8%5.6%4.3%
HV 20d23.5%18.5%24.5%18.5%22.8%
HV 60d19.2%18.7%19.5%18.9%19.1%
Term Structure0.3%-2.1%6.6%0.8%3.5%
VWIV19.5%19.5%19.5%19.5%19.5%
Bid-Ask Spread %65.8018.76127.56103.22107.77
Gamma HHI0.480.330.600.410.56
Net GEX2.3K3953.8K1.8K2.8K
Net DEX-24.2K-57.0K5.4K-57.0K-4.8K
Net VEX-705-786-594-691-620
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.13601350
Total OI101.773931079398

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-03-01$35.30$35.0019.4%5.6%18.5%0.0%0.0%0.0%0.8%1.8K-57.0K-6910.00103.22055637
2007-03-02$34.56$35.0019.4%5.6%20.0%0.0%19.5%0.0%0.0%910-19.9K-7120.00103.591305642
2007-03-05$33.53$0.0027.4%4.8%22.4%0.0%0.0%0.0%1.0%2.1K5.4K-7030.00127.56006542
2007-03-06$34.36$0.0011.8%5.7%24.3%0.0%0.0%0.0%-1.1%1.1K-22.4K-7780.0091.02006542
2007-03-07$34.24$0.0013.7%5.7%24.0%0.0%0.0%0.0%-1.4%1.4K-18.2K-7490.0091.28006542
2007-03-08$34.73$0.0018.4%5.7%24.4%0.0%0.0%0.0%-1.1%1.2K-35.3K-7860.0090.20036542
2007-03-09$35.00$0.0016.9%5.7%24.4%0.0%0.0%0.0%-1.3%939-49.4K-7740.0089.18006542
2007-03-12$35.00$0.0018.1%5.8%24.1%0.0%0.0%0.0%-1.3%431-50.0K-7630.0089.54006542
2007-03-13$34.13$0.0021.4%5.8%24.5%0.0%0.0%0.0%-2.1%1.8K-10.7K-7300.0096.13006542
2007-03-14$34.48$0.0017.0%5.8%24.3%0.0%0.0%0.0%-1.8%688-21.8K-7420.0018.76006542
2007-03-15$34.60$0.0020.3%5.8%23.7%0.0%0.0%0.0%-1.4%395-24.8K-7350.0018.89026542
2007-03-16$34.05$0.0019.4%5.6%24.4%0.0%0.0%0.0%-1.3%3.0K-13.1K-7230.0022.87026540
2007-03-19$34.20$0.0019.1%5.5%24.4%0.0%0.0%0.0%-1.9%3.4K-29.9K-7050.0028.28006335
2007-03-20$34.21$0.0019.0%5.5%23.9%0.0%0.0%0.0%-0.3%3.5K-30.5K-7010.0032.86006335
2007-03-21$34.50$0.0018.8%5.4%24.1%0.0%0.0%0.0%-0.2%3.6K-37.4K-7080.0023.08006335
2007-03-22$34.47$0.0018.6%5.3%23.9%0.0%0.0%0.0%-0.1%3.7K-37.5K-7090.0028.09006335
2007-03-23$34.77$0.0018.5%5.3%23.5%0.0%0.0%0.0%-0.0%3.8K-48.0K-7240.0024.47006335
2007-03-26$33.97$0.0019.0%5.4%24.1%0.0%0.0%0.0%-0.2%3.5K-20.6K-6610.0035.29006335
2007-03-27$33.31$0.0013.1%3.8%23.9%0.0%0.0%0.0%4.3%3.2K-4.1K-6160.0057.94006335
2007-03-28$33.11$0.0013.1%3.8%23.6%0.0%0.0%0.0%5.8%3.2K-2.3K-5940.0060.73006335
2007-03-29$33.38$0.0014.7%4.2%23.8%0.0%0.0%0.0%6.6%3.0K-698-5940.00106.88006335
2007-03-30$33.41$0.0015.2%4.3%22.8%0.0%0.0%0.0%3.5%2.8K-4.8K-6200.00107.77006335