BDN Options History — August 2014

In August 2014, BDN traded between $15.33 and $16.02. ATM implied volatility averaged 21.5%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 8.3% (HV 20d: 13.3%). 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 18 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-08-28: Highest Volume — 6 contracts
  • 2014-08-14: Largest IV drop — 54.3% change
  • 2014-08-13: Highest IV Rank — 29.8%
  • 2014-08-18: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.67$15.33$16.02$15.46$16.02
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV21.5%13.6%39.1%21.0%19.3%
Expected Move5.8%4.6%7.2%6.0%6.0%
HV 20d13.3%11.5%15.5%11.5%12.8%
HV 60d13.8%13.3%14.3%13.7%13.3%
IV Rank8.7%0.0%29.8%7.0%7.0%
IV Percentile35.1%0.0%94.8%40.5%23.4%
Term Structure3.7%-3.0%9.8%0.9%2.3%
VWIV20.0%19.7%20.3%19.7%20.3%
Skew 25d1.0%-9.4%26.5%-7.7%1.1%
Skew 10d13.3%-12.5%108.6%6.5%-0.2%
Call IV 25d20.8%16.0%30.2%30.2%21.7%
Put IV 25d21.8%14.3%46.9%22.5%22.8%
Bid-Ask Spread %94.0928.43116.50116.5094.12
Gamma HHI0.800.580.950.930.69
Net GEX11.8K1.7K26.4K20.0K2.8K
Net DEX-109.4K-238.8K2.2K-180.7K-21.3K
Net VEX-413-564-276-564-276
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.7140644
Total OI269.095185346343185

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-08-01$15.46$15.0021.0%6.0%11.5%7.0%19.7%-7.7%0.9%20.0K-180.7K-5640.00116.504026083
2014-08-04$15.51$0.0021.8%5.4%11.5%8.0%0.0%26.5%3.0%19.8K-192.3K-5360.00105.590026383
2014-08-05$15.40$0.0022.5%5.5%11.8%8.8%0.0%0.8%2.6%22.5K-177.7K-5440.00105.170026383
2014-08-06$15.38$0.0022.4%5.4%11.7%8.7%0.0%1.3%2.8%23.5K-179.9K-5270.00105.370026383
2014-08-07$15.33$0.0021.2%5.4%11.5%7.3%0.0%1.3%2.7%26.4K-171.7K-5150.00102.900026383
2014-08-08$15.54$0.0023.1%4.7%12.6%9.6%0.0%22.8%7.8%19.5K-203.5K-4820.00105.690026383
2014-08-11$15.55$0.0033.3%5.8%12.3%22.4%0.0%1.1%2.7%18.8K-209.8K-4710.00105.140026383
2014-08-12$15.49$0.0036.0%5.5%12.1%25.8%0.0%-2.7%-0.6%20.8K-201.8K-4580.00108.130026383
2014-08-13$15.70$0.0039.1%4.6%13.0%29.8%0.0%-2.1%7.3%13.2K-236.5K-4190.00108.530026383
2014-08-14$15.60$0.0017.9%5.1%13.2%3.0%0.0%-5.0%-1.1%14.2K-238.8K-3950.0028.430026283
2014-08-15$15.41$0.0018.3%5.2%13.2%3.6%0.0%-3.8%-3.0%24.8K-196.2K-3930.0029.931026283
2014-08-18$15.69$0.0013.6%7.2%14.9%0.0%0.0%-2.2%9.8%3.0K2.2K-3480.00103.070010283
2014-08-19$15.88$0.0016.4%6.2%15.4%3.5%0.0%-0.4%8.3%2.5K-9.7K-3620.0096.500010283
2014-08-20$15.94$0.0017.5%5.9%15.4%4.8%0.0%-0.6%1.3%1.9K-20.1K-3450.0080.070010283
2014-08-21$15.87$0.0019.5%6.3%15.5%7.4%0.0%-2.5%8.1%1.7K-12.2K-3900.0097.760010283
2014-08-22$15.79$0.0017.9%6.3%15.0%5.4%0.0%-2.7%5.3%2.6K-6.7K-3530.0096.890010283
2014-08-25$15.75$0.0019.3%6.3%14.5%7.0%0.0%2.6%5.7%2.4K-4.4K-3540.0092.990010283
2014-08-26$15.87$0.0017.6%6.3%14.3%5.0%0.0%-0.1%5.9%3.0K-10.9K-3070.0097.330010283
2014-08-27$15.90$0.0018.8%6.2%13.7%6.4%0.0%2.0%4.8%2.5K-12.6K-3340.0097.140010283
2014-08-28$15.90$0.0016.1%6.3%12.9%3.1%0.0%-9.4%1.0%2.8K-13.8K-3080.0098.610610283
2014-08-29$16.02$0.0019.3%6.0%12.8%7.0%20.3%1.1%2.3%2.8K-21.3K-2760.0094.120410283