BDN Options History — July 2013

In July 2013, BDN traded between $13.57 and $14.56. ATM implied volatility averaged 19.5%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 9.4% (HV 20d: 28.9%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-07-11: Highest Volume — 28 contracts
  • 2013-07-11: Largest IV drop — 36.1% change
  • 2013-07-09: Highest IV Rank — 45.7%
  • 2013-07-01: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.10$13.57$14.56$13.76$13.94
Max Pain$12.84$12.50$15.00$15.00$12.50
ATM IV19.5%13.6%32.8%23.7%15.7%
Expected Move5.0%3.9%6.8%6.8%4.5%
HV 20d28.9%18.8%39.4%39.4%21.0%
HV 60d28.5%28.1%28.8%28.5%28.8%
IV Rank16.7%3.9%45.7%25.8%8.3%
IV Percentile43.7%7.5%96.0%75.0%24.2%
Term Structure4.5%-7.3%9.5%-7.3%4.7%
VWIV28.5%13.2%53.4%53.4%18.9%
Skew 25d4.8%-1.5%11.0%-0.0%3.6%
Skew 10d3.5%-4.6%12.4%6.0%7.8%
Call IV 25d17.2%13.1%25.1%25.1%18.5%
Put IV 25d22.0%17.2%26.5%25.1%22.1%
Bid-Ask Spread %28.066.45107.0436.0010.95
Gamma HHI0.740.510.880.510.79
Net GEX6.1K1.3K11.6K1.3K6.6K
Net DEX-28.1K-92.2K58.6K27.9K-70.7K
Net VEX-791-907-687-907-756
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume4.3640281410
Total OI447.5329536503340

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-07-01$13.76$15.0023.7%6.8%39.4%25.8%53.4%-0.0%-7.3%1.3K27.9K-9070.0036.00140273230
2013-07-02$13.60$15.0022.8%6.5%36.5%23.9%0.0%0.5%-6.7%1.7K51.7K-7100.0015.3600268230
2013-07-03$13.57$15.0022.5%6.4%36.4%23.2%0.0%0.1%-4.7%1.5K58.6K-6870.0013.9400268230
2013-07-05$13.58$12.5025.4%5.3%35.8%29.5%0.0%0.4%8.4%1.3K54.1K-7290.0045.52130268230
2013-07-08$13.64$12.5032.3%5.6%35.7%44.7%0.0%-1.5%7.1%2.3K33.3K-7780.0043.3100281230
2013-07-09$13.89$12.5032.8%5.5%35.9%45.7%0.0%3.2%-3.6%3.5K14.0K-8100.00107.0400281230
2013-07-10$14.04$12.5028.4%4.7%34.8%36.1%0.0%4.8%7.4%5.1K9.0K-8030.0044.7600281230
2013-07-11$14.40$12.5018.1%5.2%34.9%13.7%13.2%6.1%9.0%7.3K-23.6K-8320.0024.84280281230
2013-07-12$14.31$12.5018.3%5.2%32.2%14.0%18.9%5.3%8.3%7.8K-23.7K-8720.0025.15014306230
2013-07-15$14.33$12.5016.7%4.8%31.7%10.6%0.0%6.8%9.5%8.0K-26.0K-8600.0024.9500306230
2013-07-16$14.30$12.5014.4%4.1%31.7%5.6%0.0%4.3%7.7%8.2K-28.0K-8550.0026.9405306230
2013-07-17$14.35$12.5015.4%4.4%31.5%7.7%0.0%5.7%8.9%8.8K-33.9K-8500.0025.8910306225
2013-07-18$14.56$12.5017.9%5.1%28.0%13.2%0.0%8.6%9.4%11.6K-69.0K-8430.0027.7800298200
2013-07-19$14.22$12.5015.4%4.4%25.3%7.8%0.0%4.2%4.1%7.3K-31.0K-7760.0043.4400298200
2013-07-22$14.35$12.5016.6%4.7%23.2%10.3%0.0%11.0%6.7%7.4K-87.4K-7880.0011.461023297
2013-07-23$14.34$12.5014.6%4.2%23.2%6.2%0.0%8.7%7.7%7.7K-92.2K-7940.0012.460023397
2013-07-24$14.15$12.5014.1%4.0%21.2%4.9%0.0%4.9%7.3%6.9K-76.1K-7650.007.860023397
2013-07-25$14.27$12.5017.8%5.1%20.4%12.9%0.0%9.1%-3.6%7.4K-74.0K-7320.0043.890023397
2013-07-26$14.19$12.5015.1%4.3%19.8%7.2%0.0%6.5%7.9%7.2K-77.2K-7570.0010.2810023397
2013-07-29$14.10$12.5017.7%5.1%18.9%12.8%0.0%4.9%2.4%7.1K-69.6K-7410.008.960024397
2013-07-30$14.33$12.5013.6%3.9%18.8%3.9%0.0%8.5%8.2%8.4K-84.5K-7490.006.450024397
2013-07-31$13.94$12.5015.7%4.5%21.0%8.3%0.0%3.6%4.7%6.6K-70.7K-7560.0010.9510024397