BDN Options History — August 2013

In August 2013, BDN traded between $12.45 and $13.86. ATM implied volatility averaged 28.9%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 6.1% (HV 20d: 22.8%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-08-15: Highest Volume — 65 contracts
  • 2013-08-15: Largest IV drop — 42.1% change
  • 2013-08-14: Highest IV Rank — 71.0%
  • 2013-08-12: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.19$12.45$13.86$13.85$12.82
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV28.9%19.3%44.4%19.3%26.4%
Expected Move6.9%3.9%8.2%5.5%7.6%
HV 20d22.8%17.7%26.9%21.2%24.6%
HV 60d28.9%27.7%29.6%28.8%27.7%
IV Rank37.1%16.4%71.0%16.4%31.6%
IV Percentile85.9%54.8%98.4%54.8%86.1%
Term Structure3.2%-6.9%10.8%-6.9%0.2%
Skew 25d7.3%-0.3%51.7%1.4%4.0%
Skew 10d27.1%-2.5%116.3%3.3%8.7%
Call IV 25d21.3%12.2%27.2%21.1%23.5%
Put IV 25d28.6%19.6%77.7%22.5%27.6%
Bid-Ask Spread %26.988.55100.698.5515.78
Gamma HHI0.690.510.920.770.62
Net GEX3.7K-7976.7K6.5K1.8K
Net DEX-9.3K-58.3K20.5K-58.3K20.5K
Net VEX-475-725-224-725-293
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.68206500
Total OI336.636289368348319

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-08-01$13.85$12.5019.3%5.5%21.2%16.4%0.0%1.4%-6.9%6.5K-58.3K-7250.008.550025197
2013-08-02$13.65$12.5025.4%7.3%21.9%29.7%0.0%-0.3%-2.1%5.4K-38.1K-6510.0010.040025197
2013-08-05$13.67$0.0030.0%5.6%21.8%39.5%0.0%2.8%7.9%5.4K-36.4K-6290.0040.820025197
2013-08-06$13.59$0.0034.9%6.3%20.8%50.2%0.0%7.2%6.5%5.3K-32.4K-6140.0048.3210025197
2013-08-07$13.59$0.0030.9%6.4%20.4%41.5%0.0%7.8%10.2%5.2K-30.7K-6420.0047.130026197
2013-08-08$13.56$0.0033.3%6.5%17.7%46.7%0.0%6.9%7.1%5.3K-31.1K-6150.0047.640026197
2013-08-09$13.86$0.0029.8%3.9%19.7%39.2%0.0%14.1%10.8%6.7K-50.7K-6610.0019.4410026197
2013-08-12$13.60$0.0039.3%8.2%20.6%59.8%0.0%8.0%-2.5%6.0K-43.3K-6530.0015.960027197
2013-08-13$13.29$0.0043.5%6.8%21.9%69.0%0.0%8.9%8.4%4.5K-23.7K-5920.0015.630027197
2013-08-14$13.27$0.0044.4%7.7%21.7%71.0%0.0%6.4%0.9%4.2K-16.2K-5740.0012.790027197
2013-08-15$13.02$0.0025.8%7.4%21.2%30.3%0.0%5.6%0.7%2.1K9.2K-4540.0010.9506526197
2013-08-16$12.56$0.0027.3%7.8%23.0%33.7%0.0%3.9%0.8%-79714.4K-3230.0014.6810026162
2013-08-19$12.45$0.0025.8%7.4%22.3%30.5%0.0%2.8%0.3%2.2K18.0K-2240.0012.0502524346
2013-08-20$12.74$0.0026.1%7.5%24.6%31.1%0.0%1.6%-0.4%2.0K19.2K-3370.0064.785024371
2013-08-21$12.65$0.0027.0%7.7%24.5%33.1%0.0%4.5%-1.5%1.9K19.5K-3360.0016.100024871
2013-08-22$12.82$0.0025.3%7.2%24.9%29.3%0.0%51.7%1.9%2.1K19.0K-3240.0022.380024871
2013-08-23$13.11$0.0022.2%6.4%26.8%22.5%0.0%4.9%9.3%3.1K5.8K-3840.0019.700024871
2013-08-26$13.14$0.0023.4%6.7%26.9%25.2%0.0%3.1%7.1%3.3K3.5K-3630.0022.720024871
2013-08-27$13.01$0.0026.8%7.7%25.9%32.6%0.0%3.8%1.3%2.9K7.9K-3430.0014.830024871
2013-08-28$13.01$0.0025.3%7.2%24.5%29.2%0.0%11.1%1.3%2.7K10.9K-3460.0012.500024871
2013-08-29$13.02$0.0023.2%6.7%24.5%24.9%0.0%-0.0%8.8%2.9K7.3K-3650.00100.690024871
2013-08-30$12.82$0.0026.4%7.6%24.6%31.6%0.0%4.0%0.2%1.8K20.5K-2930.0015.780024871