BDN Options History — June 2013

In June 2013, BDN traded between $12.61 and $14.37. ATM implied volatility averaged 24.2%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 7.9% (HV 20d: 32.1%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.34.

Notable Days

2013-06-21: Highest Volume — 62 contracts
2013-06-19: Largest IV spike — 47.3% change
2013-06-27: Highest IV Rank — 41.6%
2013-06-27: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.51	$12.61	$14.37	$14.37	$13.52
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	24.2%	16.0%	33.6%	18.2%	28.8%
Expected Move	6.7%	4.6%	8.9%	5.2%	8.2%
HV 20d	32.1%	23.8%	39.2%	23.8%	39.2%
HV 60d	24.4%	19.4%	28.4%	19.4%	28.3%
IV Rank	21.8%	6.9%	41.6%	8.6%	36.9%
IV Percentile	71.4%	23.8%	94.8%	35.3%	92.5%
Term Structure	-3.2%	-21.8%	7.2%	-3.5%	-21.8%
VWIV	27.2%	27.2%	27.2%	27.2%	27.2%
Skew 25d	2.5%	-9.0%	13.0%	9.6%	-8.9%
Skew 10d	14.8%	-6.5%	79.5%	4.6%	7.4%
Call IV 25d	22.6%	15.0%	32.3%	17.5%	27.1%
Put IV 25d	25.1%	15.0%	32.8%	27.1%	18.3%
Bid-Ask Spread %	38.75	13.76	107.56	31.17	14.40
Gamma HHI	0.54	0.50	0.69	0.69	0.50
Net GEX	633	-3.8K	4.1K	3.2K	198
Net DEX	58.3K	-12.5K	126.4K	765	59.8K
Net VEX	-700	-927	-488	-601	-836
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.00	1.00	0.71	1.00
Total Volume	12.1	0	62	36	0
Total OI	431.15	335	503	335	503

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
2013-06-03	$14.37	$15.00	18.2%	5.2%	23.8%	8.6%	0.0%	9.6%	-3.5%	3.2K	765	-601	0.71	31.17	21	15	172	163
2013-06-04	$13.76	$15.00	19.6%	5.6%	27.1%	10.4%	0.0%	7.1%	4.3%	-227	57.9K	-744	0.00	101.63	50	0	172	178
2013-06-05	$13.67	$15.00	25.2%	7.2%	26.7%	18.0%	0.0%	3.7%	-4.4%	1.0K	66.2K	-693	0.00	30.63	0	0	220	178
2013-06-06	$13.91	$15.00	26.1%	7.5%	27.4%	19.3%	0.0%	7.6%	-7.7%	1.2K	47.3K	-757	0.00	107.56	0	0	220	178
2013-06-07	$13.78	$15.00	26.5%	5.0%	27.4%	19.8%	0.0%	10.0%	-3.2%	1.3K	53.9K	-752	0.00	28.05	0	0	220	178
2013-06-10	$13.58	$15.00	33.6%	6.7%	27.0%	29.4%	0.0%	-6.5%	-7.3%	1.1K	66.2K	-701	0.00	101.78	0	0	220	178
2013-06-11	$13.26	$15.00	25.3%	7.1%	27.7%	18.2%	0.0%	4.4%	-0.5%	-506	96.0K	-559	0.00	23.98	0	0	220	178
2013-06-12	$13.04	$15.00	19.7%	7.4%	27.0%	10.6%	0.0%	4.7%	-5.0%	-1.8K	118.3K	-488	0.00	22.19	50	0	220	178
2013-06-13	$13.60	$15.00	26.4%	7.6%	32.0%	19.7%	0.0%	9.3%	1.6%	1.2K	55.0K	-705	0.00	26.34	15	0	264	168
2013-06-14	$13.83	$15.00	17.3%	5.0%	33.1%	7.4%	0.0%	13.0%	5.7%	3.5K	12.5K	-851	0.00	27.19	0	0	279	168
2013-06-17	$13.78	$15.00	17.0%	4.9%	32.8%	6.9%	0.0%	-0.1%	7.2%	3.7K	9.5K	-834	0.00	13.86	0	0	279	168
2013-06-18	$13.93	$15.00	16.0%	4.6%	33.2%	9.0%	0.0%	5.4%	5.3%	4.1K	-12.5K	-927	0.00	36.41	0	0	279	168
2013-06-19	$13.40	$15.00	23.5%	6.7%	34.8%	25.4%	0.0%	-9.0%	-11.7%	2.3K	45.4K	-704	0.00	14.75	0	0	279	168
2013-06-20	$12.89	$15.00	26.2%	7.5%	35.2%	31.2%	0.0%	3.7%	-2.3%	-857	92.3K	-555	0.00	17.68	0	0	279	168
2013-06-21	$12.61	$15.00	28.3%	8.1%	35.1%	35.9%	27.2%	1.8%	-4.3%	-1.8K	110.4K	-504	0.00	19.46	0	62	279	168
2013-06-24	$12.76	$15.00	28.6%	8.2%	35.9%	36.4%	0.0%	0.5%	-2.2%	-3.8K	126.4K	-559	0.00	97.06	0	1	273	205
2013-06-25	$13.23	$15.00	26.0%	7.4%	39.0%	30.8%	0.0%	4.4%	3.8%	-2.3K	89.1K	-635	0.00	31.11	0	9	273	206
2013-06-26	$13.50	$15.00	21.6%	6.2%	38.2%	21.4%	0.0%	-6.0%	0.8%	-461	54.9K	-720	1.00	13.76	2	2	273	215
2013-06-27	$13.74	$15.00	30.9%	8.9%	38.9%	41.6%	0.0%	-3.9%	-17.8%	1.5K	16.3K	-871	0.00	15.97	0	15	273	215
2013-06-28	$13.52	$15.00	28.8%	8.2%	39.2%	36.9%	0.0%	-8.9%	-21.8%	198	59.8K	-836	0.00	14.40	0	0	273	230