BDN Options History — March 2014

In March 2014, BDN traded between $14.14 and $14.97. ATM implied volatility averaged 20.8%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 5.0% (HV 20d: 15.7%). 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 15 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-03-03: Highest Volume — 42 contracts
  • 2014-03-26: Largest IV drop — 20.2% change
  • 2014-03-10: Highest IV Rank — 15.9%
  • 2014-03-03: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.49$14.14$14.97$14.81$14.46
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV20.8%17.2%25.0%24.8%19.9%
Expected Move5.6%3.9%7.1%7.1%5.7%
HV 20d15.7%11.9%18.2%14.0%18.2%
HV 60d18.7%17.7%20.0%19.1%17.7%
IV Rank10.8%6.5%15.9%15.6%9.6%
IV Percentile41.6%17.9%63.9%63.1%37.7%
Term Structure1.6%-7.1%8.5%-0.4%-7.1%
VWIV13.3%13.3%13.3%13.3%13.3%
Skew 25d3.1%-8.5%11.5%-5.2%9.7%
Skew 10d0.1%-14.5%5.7%-10.0%4.5%
Call IV 25d22.9%17.7%31.1%30.1%21.4%
Put IV 25d26.0%21.1%33.7%24.9%31.1%
Bid-Ask Spread %107.67106.06109.66106.30107.20
Gamma HHI0.950.931.001.000.95
Net GEX7.9K6.2K10.0K6.9K8.6K
Net DEX-76.6K-114.3K-51.8K-76.2K-59.2K
Net VEX-446-558-342-342-384
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume4.667042422
Total OI191.619145202145193

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-03-03$14.81$15.0024.8%7.1%14.0%15.6%0.0%-5.2%-0.4%6.9K-76.2K-3420.00106.3042013015
2014-03-04$14.92$15.0022.2%6.4%12.2%12.5%0.0%-7.2%1.0%8.7K-102.1K-4640.00109.6628016015
2014-03-05$14.97$15.0021.3%6.1%11.9%11.4%0.0%-8.5%0.4%10.0K-114.3K-5580.00106.220018715
2014-03-06$14.81$15.0021.6%6.2%12.6%11.8%0.0%2.6%-0.6%9.5K-112.3K-5560.00108.750018715
2014-03-07$14.46$15.0021.1%5.6%15.5%11.2%0.0%-2.0%0.2%8.8K-86.3K-5100.00106.130018715
2014-03-10$14.31$15.0025.0%3.9%15.8%15.9%13.3%3.3%8.5%6.9K-79.6K-4940.00106.0612018715
2014-03-11$14.33$15.0021.9%3.9%15.7%12.2%0.0%3.9%8.5%6.3K-79.8K-4830.00108.160017915
2014-03-12$14.45$15.0021.5%4.6%15.7%11.7%0.0%2.9%3.7%8.4K-67.9K-4470.00108.740017915
2014-03-13$14.49$15.0017.2%4.9%15.6%6.5%0.0%0.1%3.1%6.4K-90.9K-5000.00108.290017915
2014-03-14$14.56$15.0019.8%5.7%15.6%9.7%0.0%4.3%4.2%8.8K-77.8K-4700.00108.390017915
2014-03-17$14.62$15.0021.6%6.2%15.6%11.7%0.0%7.5%5.5%8.6K-84.0K-4690.00107.120017915
2014-03-18$14.69$15.0020.4%5.9%14.1%10.4%0.0%5.0%3.0%9.6K-86.4K-4730.00108.310017915
2014-03-19$14.31$15.0020.4%5.9%16.7%10.4%0.0%5.6%2.1%7.7K-60.3K-4080.00107.830017915
2014-03-20$14.29$15.0018.9%5.4%16.5%8.6%0.0%6.3%2.8%7.5K-55.8K-3960.00107.420017915
2014-03-21$14.40$15.0017.4%5.0%16.8%6.7%0.0%7.6%3.6%8.5K-58.6K-4030.00108.170017915
2014-03-24$14.29$15.0019.4%5.6%17.0%9.2%0.0%6.4%-0.6%7.2K-53.6K-3780.00106.970017415
2014-03-25$14.48$15.0021.9%6.3%17.4%12.1%0.0%11.5%3.4%8.0K-67.6K-4130.00107.5014017415
2014-03-26$14.32$15.0017.5%5.0%17.8%6.7%0.0%1.0%1.4%6.2K-80.2K-4430.00107.770017815
2014-03-27$14.14$15.0020.4%5.8%18.2%10.2%0.0%3.6%-3.0%6.3K-64.7K-4060.00107.150017815
2014-03-28$14.26$15.0021.9%6.3%17.9%12.1%0.0%6.1%-7.0%7.3K-51.8K-3710.00108.950017815
2014-03-31$14.46$15.0019.9%5.7%18.2%9.6%0.0%9.7%-7.1%8.6K-59.2K-3840.00107.202017815