BDN Options History — August 2016

In August 2016, BDN traded between $16.09 and $16.77. ATM implied volatility averaged 17.6%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 3.0% (HV 20d: 14.6%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.18.

Notable Days

  • 2016-08-19: Highest Volume — 223 contracts
  • 2016-08-02: Largest IV drop — 42.4% change
  • 2016-08-01: Highest IV Rank — 28.5%
  • 2016-08-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.48$16.09$16.77$16.77$16.11
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV17.6%13.0%25.9%25.9%20.1%
Expected Move5.1%3.7%7.4%7.4%5.8%
HV 20d14.6%13.3%16.7%16.3%14.7%
HV 60d17.1%16.1%18.4%18.1%16.9%
IV Rank10.3%0.2%28.5%28.5%15.7%
IV Percentile7.1%0.4%43.7%43.7%14.3%
Term Structure1.5%-6.6%7.2%-5.2%3.0%
VWIV20.1%15.5%25.7%25.7%19.0%
Skew 25d0.2%-4.4%7.0%-0.4%-1.7%
Skew 10d-0.6%-5.8%10.0%-4.5%-1.4%
Call IV 25d18.5%13.7%26.0%26.0%21.2%
Put IV 25d18.7%16.2%25.6%25.6%19.5%
Bid-Ask Spread %18.515.9637.0618.607.66
Gamma HHI0.840.750.920.910.75
Net GEX26.9K12.0K49.2K49.2K12.3K
Net DEX-363.6K-565.9K-240.2K-565.9K-279.0K
Net VEX-1.4K-2.0K-1.1K-2.0K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.000.230.220.13
Total Volume1460223165153
Total OI979.5656761,1391,135715

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-08-01$16.77$17.5025.9%7.4%16.3%28.5%25.7%-0.4%-5.2%49.2K-565.9K-2.0K0.2218.6013530850285
2016-08-02$16.61$17.5014.9%4.3%16.6%4.4%15.5%7.0%6.8%39.3K-431.6K-1.7K0.228.4413530850285
2016-08-03$16.51$17.5018.8%5.4%16.7%12.9%19.0%2.1%0.4%36.4K-409.0K-1.7K0.2224.6913530850285
2016-08-04$16.73$0.0017.3%5.6%15.9%9.7%0.0%-1.2%-0.6%47.3K-467.1K-1.7K0.2233.6513530850285
2016-08-05$16.67$0.0016.0%5.6%14.2%6.6%0.0%-2.6%0.1%41.5K-443.0K-1.6K0.2320.3713330850285
2016-08-08$16.56$0.0020.5%6.0%13.7%16.6%0.0%-3.6%-0.9%37.3K-423.3K-1.6K0.2318.6013330851285
2016-08-09$16.64$0.0020.0%5.4%13.4%15.5%0.0%-0.5%0.4%39.7K-423.5K-1.5K0.2330.9513330851285
2016-08-10$16.75$0.0018.9%5.4%13.6%13.1%0.0%-0.9%-0.5%46.3K-461.4K-1.5K0.2018.1514830851285
2016-08-11$16.68$0.0020.6%5.9%13.3%16.8%0.0%-2.3%-2.2%41.9K-416.8K-1.5K0.2018.7514830836285
2016-08-12$16.54$0.0017.1%4.9%13.6%9.1%0.0%-4.4%-1.1%33.6K-387.3K-1.4K0.2017.4614830836285
2016-08-15$16.51$0.0018.5%5.3%13.4%12.2%0.0%-3.1%-2.1%29.3K-366.4K-1.4K0.2232.3713930836285
2016-08-16$16.38$0.0014.1%4.0%13.7%2.5%0.0%1.9%4.1%21.0K-323.9K-1.3K0.227.7513930829285
2016-08-17$16.45$0.0017.2%4.9%13.8%9.3%0.0%4.5%2.9%24.5K-270.8K-1.3K0.0037.0600790285
2016-08-18$16.69$0.0013.8%4.0%14.2%1.9%0.0%2.6%7.2%13.5K-286.5K-1.3K0.0024.43250790285
2016-08-19$16.38$0.0014.7%4.2%15.1%4.0%0.0%0.4%4.2%14.0K-321.9K-1.3K0.2223.4618340854285
2016-08-22$16.53$0.0015.3%4.4%14.9%5.2%0.0%2.9%4.2%14.0K-337.2K-1.3K0.1323.5414118444271
2016-08-23$16.48$0.0013.0%3.7%14.9%0.2%0.0%2.4%5.5%14.3K-337.1K-1.2K0.136.5914118444271
2016-08-24$16.28$0.0016.2%4.6%15.5%7.2%0.0%1.2%-3.0%12.9K-240.2K-1.2K0.007.7100405271
2016-08-25$16.34$0.0017.2%4.9%14.4%9.4%0.0%0.2%-6.6%13.5K-316.8K-1.2K0.1324.2014118444271
2016-08-26$16.09$0.0016.6%4.8%14.4%8.1%0.0%-0.3%5.9%12.0K-278.9K-1.2K0.137.7713518444271
2016-08-29$16.24$0.0019.4%5.5%15.0%14.1%0.0%1.2%6.4%12.5K-288.9K-1.2K0.135.9613518444271
2016-08-30$16.13$0.0019.2%5.5%14.8%13.9%0.0%-1.1%4.8%12.4K-285.8K-1.2K0.137.6613518444271
2016-08-31$16.11$0.0020.1%5.8%14.7%15.7%0.0%-1.7%3.0%12.3K-279.0K-1.1K0.137.6613518444271