BDN Options History — February 2015

In February 2015, BDN traded between $15.78 and $16.72. ATM implied volatility averaged 22.6%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 6.9% (HV 20d: 15.6%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.58.

Notable Days

  • 2015-02-09: Highest Volume — 293 contracts
  • 2015-02-05: Largest IV spike — 155.8% change
  • 2015-02-05: Highest IV Rank — 88.6%
  • 2015-02-25: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.28$15.78$16.72$16.57$15.85
Max Pain$17.11$15.00$17.50$15.00$17.50
ATM IV22.6%15.4%51.4%22.4%17.5%
Expected Move5.5%4.0%7.4%6.4%5.0%
HV 20d15.6%13.2%18.0%13.2%17.8%
HV 60d13.4%12.4%14.7%12.5%14.7%
IV Rank21.4%4.4%88.6%20.6%9.6%
IV Percentile48.4%0.4%99.2%66.7%11.9%
Term Structure-0.2%-6.1%6.5%-5.9%6.5%
VWIV18.9%14.7%33.5%33.5%15.8%
Skew 25d3.4%-5.2%15.2%-0.4%0.6%
Skew 10d2.6%-5.6%10.4%-4.4%-1.1%
Call IV 25d19.1%14.4%24.1%21.6%19.7%
Put IV 25d22.5%16.8%31.0%21.1%20.3%
Bid-Ask Spread %98.1463.40108.38102.6763.90
Gamma HHI0.710.500.920.500.86
Net GEX1.7K-5685.6K-161.8K
Net DEX-73.5K-171.8K54.6K-62.0K-93.8K
Net VEX-283-407-221-292-237
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.171.351.350.17
Total Volume172.9470293074
Total OI302.632184401203184

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-02-02$16.57$15.0022.4%6.4%13.2%20.6%0.0%-0.4%-5.9%-16-62.0K-2920.00102.670076127
2015-02-03$16.72$15.0021.2%6.1%13.4%17.8%33.5%9.2%-4.5%190-134.4K-2861.35108.096385116127
2015-02-04$16.63$15.0020.1%5.8%13.7%15.3%21.3%6.2%-1.6%-31-132.1K-2760.52108.3816385116127
2015-02-05$16.61$17.5051.4%4.8%13.5%88.6%14.7%-1.8%-2.5%5.6K-171.8K-3890.52104.5316385216127
2015-02-06$16.45$17.5021.8%4.0%14.1%19.3%15.3%2.6%3.6%5.6K-131.9K-3160.43106.7016370211127
2015-02-09$16.32$17.5028.4%4.1%14.5%34.7%16.9%0.7%2.7%4.2K-123.9K-3070.8091.32163130211127
2015-02-10$16.27$17.5023.6%4.7%14.0%23.6%15.7%10.3%4.4%1.0K-27.3K-3280.79103.21163128211187
2015-02-11$16.22$17.5022.2%6.4%14.0%20.2%17.4%9.7%1.9%417-56.6K-4070.7999.15163128211187
2015-02-12$16.61$17.5019.2%5.5%15.3%13.3%18.0%15.2%4.1%3.1K-62.0K-3110.7998.93163128211190
2015-02-13$16.47$17.5015.4%4.4%15.6%4.4%15.6%3.5%3.9%2.1K-35.7K-2870.79106.46163128211190
2015-02-17$16.27$17.5017.3%5.0%15.8%8.9%19.5%0.6%-4.9%943-23.9K-2710.79106.25163128211190
2015-02-18$16.40$17.5017.8%5.1%16.1%10.4%18.9%3.0%-3.9%1.8K-33.8K-2580.7963.40163128211190
2015-02-19$16.04$17.5022.8%6.5%17.9%22.5%0.0%-3.4%-6.1%-56851.1K-2550.00106.6000171190
2015-02-20$16.13$17.5018.9%5.4%17.3%13.0%0.0%-0.2%-2.7%1.1K54.6K-2350.00107.4200171190
2015-02-23$16.21$17.5020.1%5.8%17.3%15.9%20.3%5.0%-2.0%1.1K-111.3K-2210.1772.85631111173
2015-02-24$15.88$17.5024.0%6.9%17.9%25.5%20.1%3.9%-0.4%1.4K-102.5K-2320.17103.66631111173
2015-02-25$15.98$17.5025.9%7.4%18.0%30.1%20.7%5.6%0.2%1.2K-105.3K-2360.17104.15631111173
2015-02-26$15.78$17.5018.8%5.4%17.9%12.8%19.5%-5.2%3.0%1.8K-94.2K-2400.17107.06631111173
2015-02-27$15.85$17.5017.5%5.0%17.8%9.6%15.8%0.6%6.5%1.8K-93.8K-2370.1763.90631111173