BDN Options History — September 2014

In September 2014, BDN traded between $14.07 and $16.17. ATM implied volatility averaged 22.1%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 5.3% (HV 20d: 16.7%). 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 8 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-09-24: Highest Volume — 20 contracts
  • 2014-09-29: Largest IV spike — 37.3% change
  • 2014-09-09: Highest IV Rank — 23.1%
  • 2014-09-30: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.11$14.07$16.17$16.01$14.07
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV22.1%17.0%32.3%22.7%23.3%
Expected Move6.2%5.5%7.5%6.1%7.5%
HV 20d16.7%11.8%20.2%12.8%19.1%
HV 60d14.6%12.9%15.9%13.3%15.7%
IV Rank10.5%4.2%23.1%11.2%11.9%
IV Percentile50.6%5.2%90.9%64.7%70.2%
Term Structure-1.1%-9.0%12.8%1.9%-9.0%
VWIV23.3%20.7%25.9%20.7%25.9%
Skew 25d0.6%-3.6%13.5%-1.4%0.1%
Skew 10d2.8%-6.1%11.8%-2.7%5.5%
Call IV 25d24.5%15.6%30.3%26.5%30.3%
Put IV 25d25.1%14.4%30.8%25.0%30.4%
Bid-Ask Spread %96.5790.75100.3194.78100.31
Gamma HHI0.750.580.980.620.58
Net GEX3.2K1.5K5.9K2.2K1.5K
Net DEX27.1K-31.8K95.2K-16.6K75.7K
Net VEX-268-357-134-316-236
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.667020810
Total OI199.143189215189215

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-09-02$16.01$15.0022.7%6.1%12.8%11.2%0.0%-1.4%1.9%2.2K-16.6K-3160.0094.788010287
2014-09-03$16.05$15.0024.0%7.4%12.4%12.9%0.0%-0.8%1.9%2.3K-25.4K-3440.0098.070011087
2014-09-04$15.99$15.0024.3%6.0%12.5%13.2%0.0%-2.7%2.8%2.3K-21.5K-3520.0096.240011087
2014-09-05$16.10$15.0023.3%5.5%12.5%12.0%0.0%-2.1%4.4%2.7K-30.7K-2850.0095.900011087
2014-09-08$16.17$15.0025.2%6.0%11.8%14.3%0.0%-1.5%-1.9%2.0K-31.8K-3190.0090.751011087
2014-09-09$16.08$15.0032.3%6.2%12.1%23.1%0.0%-3.0%-8.5%1.8K-27.6K-3570.0097.170011087
2014-09-10$15.73$15.0028.5%6.1%14.6%18.4%0.0%-2.7%-4.9%3.3K-7.3K-3210.0097.480311087
2014-09-11$15.74$15.0022.3%6.2%13.8%10.8%0.0%-2.7%-4.8%2.9K-5.2K-3350.0099.520011090
2014-09-12$15.11$15.0021.7%5.9%20.0%10.1%0.0%1.2%-0.7%5.0K31.6K-2930.0092.1101011090
2014-09-15$14.90$15.0021.7%6.1%20.2%10.0%0.0%1.8%-0.7%5.7K30.8K-2480.0095.390011082
2014-09-16$15.04$15.0023.0%6.2%19.2%11.6%0.0%-3.6%-2.0%5.5K35.3K-2450.0095.730011082
2014-09-17$15.00$15.0021.9%6.0%18.5%10.3%0.0%2.6%-0.2%5.8K36.2K-2410.0097.020311082
2014-09-18$14.77$15.0018.2%6.2%18.8%5.8%0.0%1.5%12.8%5.9K38.4K-2500.0097.890011085
2014-09-19$14.66$15.0017.0%6.1%18.9%4.2%0.0%2.4%2.9%2.1K40.0K-2630.0096.040111085
2014-09-22$14.52$15.0017.3%6.0%19.0%4.6%0.0%2.0%3.3%2.1K47.2K-2370.0097.190011085
2014-09-23$14.33$15.0018.0%6.1%19.2%5.5%0.0%-1.1%-5.5%1.9K52.6K-2240.0096.490011085
2014-09-24$14.30$15.0017.1%5.9%18.7%4.3%20.7%1.9%-4.1%3.6K86.7K-1340.0096.1302011085
2014-09-25$14.17$15.0020.6%6.1%18.6%8.6%0.0%1.6%-6.1%1.7K72.3K-2490.0098.3300110105
2014-09-26$14.35$15.0017.3%6.1%19.6%4.6%0.0%13.5%3.0%3.3K95.2K-1900.0097.5200110105
2014-09-29$14.27$15.0023.7%6.1%19.0%12.5%0.0%5.4%-7.4%2.9K92.4K-1940.0097.9700110105
2014-09-30$14.07$15.0023.3%7.5%19.1%11.9%25.9%0.1%-9.0%1.5K75.7K-2360.00100.31010110105