BDN Options History — January 2014

In January 2014, BDN traded between $13.77 and $14.48. ATM implied volatility averaged 30.3%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 8.4% (HV 20d: 21.9%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-01-29: Highest Volume — 3 contracts
  • 2014-01-03: Largest IV spike — 206.4% change
  • 2014-01-03: Highest IV Rank — 100.0%
  • 2014-01-03: Largest Expected Move — 27.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.03$13.77$14.48$13.77$14.25
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV30.3%17.5%94.9%31.0%20.0%
Expected Move6.5%4.7%27.2%8.9%5.7%
HV 20d21.9%20.0%23.7%22.5%20.7%
HV 60d19.9%18.8%21.5%21.5%20.1%
IV Rank23.0%6.8%100.0%39.0%9.8%
IV Percentile63.6%26.2%100.0%92.1%43.3%
Term Structure-0.1%-15.4%7.2%-15.4%-9.0%
Skew 25d4.8%-1.0%26.4%2.4%4.4%
Skew 10d1.2%-2.1%4.4%1.0%0.7%
Call IV 25d20.6%16.9%30.4%29.5%23.6%
Put IV 25d25.4%19.2%56.7%31.9%28.0%
Bid-Ask Spread %107.73106.19112.88106.93106.92
Gamma HHI0.980.970.990.970.97
Net GEX2.6K1.9K3.6K2.0K2.3K
Net DEX-9.1K-44.6K17.8K17.2K-38.0K
Net VEX-217-248-193-225-205
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2860300
Total OI116.7148314114085

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-01-02$13.77$15.0031.0%8.9%22.5%39.0%0.0%2.4%-15.4%2.0K17.2K-2250.00106.93009941
2014-01-03$13.77$15.0094.9%27.2%22.5%100.0%0.0%26.4%-13.6%1.9K5.8K-2480.00112.88009941
2014-01-06$13.82$0.0030.3%5.1%22.5%22.2%0.0%2.3%5.4%2.0K14.6K-2230.00107.21009941
2014-01-07$14.07$0.0025.9%4.7%23.2%16.9%0.0%2.8%3.2%2.3K10.5K-2360.00107.57109941
2014-01-08$13.96$0.0028.5%4.8%23.5%20.1%0.0%1.7%3.7%2.3K9.9K-2320.00108.440010041
2014-01-09$13.81$0.0036.7%5.7%23.7%29.9%0.0%-0.4%1.6%2.2K15.5K-2220.00106.610010041
2014-01-10$13.93$0.0035.4%4.8%21.6%28.4%0.0%2.9%3.5%2.2K12.3K-2210.00108.180010041
2014-01-13$13.84$0.0044.9%4.8%21.8%39.8%0.0%1.4%3.4%2.0K13.4K-2210.00108.070010041
2014-01-14$13.88$0.0045.9%5.0%21.8%41.0%0.0%3.3%2.6%2.1K11.5K-2240.00106.190010041
2014-01-15$13.78$0.0051.9%4.8%22.1%48.2%0.0%-0.1%1.8%2.3K15.7K-2110.00107.090010041
2014-01-16$14.07$0.0017.5%5.0%22.8%6.8%0.0%5.5%5.3%2.3K9.5K-2170.00107.430010041
2014-01-17$13.83$0.0017.5%5.0%20.2%6.8%0.0%-1.0%0.8%2.8K17.8K-2040.00107.230010041
2014-01-21$14.17$0.0017.8%5.1%20.8%7.2%0.0%6.8%-0.9%2.8K-36.8K-2090.00107.6920785
2014-01-22$14.38$0.0020.6%5.9%20.0%10.6%0.0%8.6%6.0%3.6K-38.2K-2080.00108.1000805
2014-01-23$14.48$0.0021.3%6.1%20.1%11.5%0.0%8.8%7.2%3.5K-44.6K-2240.00107.5900805
2014-01-24$14.21$0.0018.0%5.2%21.3%7.4%0.0%3.5%1.3%3.4K-41.0K-2220.00106.9700805
2014-01-27$14.05$0.0018.8%5.4%21.7%8.4%0.0%4.7%-0.9%3.3K-33.8K-1960.00106.6300805
2014-01-28$14.22$0.0018.6%5.3%22.0%8.1%0.0%7.4%-0.6%3.4K-36.5K-2010.00108.5100805
2014-01-29$14.05$0.0022.6%6.5%21.9%12.9%0.0%2.2%-6.6%3.2K-34.0K-1930.00108.7130805
2014-01-30$14.27$0.0018.7%5.4%22.5%8.3%0.0%6.4%-0.1%2.9K-41.9K-2180.00107.4700805
2014-01-31$14.25$0.0020.0%5.7%20.7%9.8%0.0%4.4%-9.0%2.3K-38.0K-2050.00106.9200805