BDN Options History — November 2016

In November 2016, BDN traded between $14.28 and $15.49. ATM implied volatility averaged 22.2%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 3.0% (HV 20d: 25.2%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.43.

Notable Days

  • 2016-11-18: Highest Volume — 152 contracts
  • 2016-11-07: Largest IV spike — 30.2% change
  • 2016-11-07: Highest IV Rank — 26.7%
  • 2016-11-28: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.98$14.28$15.49$15.17$15.35
Max Pain$15.42$15.00$17.50$17.50$15.00
ATM IV22.2%19.3%25.1%23.4%21.1%
Expected Move6.3%5.7%7.1%6.7%6.0%
HV 20d25.2%21.1%28.6%23.7%22.7%
HV 60d23.6%22.3%24.4%22.3%23.8%
IV Rank20.4%13.9%26.7%22.9%17.8%
IV Percentile32.3%12.3%59.1%42.9%22.2%
Term Structure-0.5%-2.8%1.4%-1.7%1.4%
VWIV22.2%19.8%24.7%23.5%20.7%
Skew 25d13.4%-4.7%94.8%0.3%-4.7%
Skew 10d19.4%-6.7%140.6%3.0%-6.7%
Call IV 25d23.6%18.5%28.5%27.5%26.4%
Put IV 25d37.0%20.8%117.5%27.8%21.7%
Bid-Ask Spread %14.9511.2920.6114.7620.61
Gamma HHI0.570.460.830.480.62
Net GEX8.3K3.6K22.6K7.3K11.1K
Net DEX-44.1K-149.4K59.6K-64.7K-127.9K
Net VEX-764-825-612-727-790
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.431.082.191.931.43
Total Volume129.333114152120114
Total OI452.571386484386459

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-11-01$15.17$17.5023.4%6.7%23.7%22.9%23.5%0.3%-1.7%7.3K-64.7K-7271.9314.76417929987
2016-11-02$15.04$17.5023.8%6.8%22.1%23.9%24.0%0.5%-2.8%5.4K-23.2K-8182.1917.503679309132
2016-11-03$14.87$0.0022.3%6.3%21.1%20.7%0.0%4.3%0.0%5.8K-16.7K-8252.1413.073779314132
2016-11-04$14.68$0.0019.3%6.0%21.5%13.9%0.0%3.1%1.0%5.5K5.9K-7551.5812.515079318132
2016-11-07$14.92$0.0025.1%6.4%22.3%26.7%0.0%1.3%-0.3%6.0K-15.9K-8081.5812.695079318132
2016-11-08$14.90$0.0023.7%6.5%22.3%23.6%0.0%0.9%-0.5%6.0K-10.3K-7931.5812.055079318132
2016-11-09$14.60$0.0021.8%6.2%23.3%19.4%0.0%94.8%-0.6%4.7K26.8K-6831.5812.415079318132
2016-11-10$14.28$0.0021.7%6.2%23.4%19.3%0.0%-0.7%0.1%3.6K59.6K-6121.1318.787079318132
2016-11-11$14.70$0.0021.7%6.2%25.9%19.3%0.0%94.7%-0.4%5.3K22.7K-7031.1315.627079318132
2016-11-14$15.07$0.0021.7%6.2%27.7%19.3%0.0%2.3%-0.4%7.0K-32.1K-7471.1315.547079318132
2016-11-15$15.00$0.0022.9%6.6%27.7%22.0%22.9%2.1%-1.1%6.7K-16.2K-7271.3213.796079318132
2016-11-16$14.92$15.0021.5%6.2%27.7%18.8%21.5%93.7%-1.1%7.9K-15.7K-7311.2514.546379338132
2016-11-17$14.88$15.0022.0%6.3%27.7%19.9%22.0%-1.7%0.0%9.7K-20.7K-7461.2514.106379351132
2016-11-18$15.03$15.0022.4%6.4%28.0%20.8%22.4%-1.5%-1.5%22.6K-61.8K-7461.0811.297379352132
2016-11-21$14.88$15.0021.4%6.1%28.0%18.7%21.4%2.2%0.4%8.8K-69.4K-7891.1615.635766347103
2016-11-22$15.14$15.0020.8%6.0%28.6%17.3%20.8%-3.0%0.4%9.9K-92.7K-8231.1813.445767352103
2016-11-23$15.11$15.0021.4%6.1%27.2%18.5%21.4%-3.1%-0.0%9.8K-90.4K-8141.1815.765767352104
2016-11-25$15.17$15.0019.8%5.7%27.2%15.1%19.8%1.1%1.1%10.3K-108.0K-8001.4317.924767352104
2016-11-28$15.30$15.0024.7%7.1%27.4%25.9%24.7%-2.5%-2.3%10.8K-125.4K-8081.4313.344767355104
2016-11-29$15.49$15.0023.9%6.9%24.1%24.2%23.8%-2.2%-1.8%11.1K-149.4K-8081.4318.584767355104
2016-11-30$15.35$15.0021.1%6.0%22.7%17.8%20.7%-4.7%1.4%11.1K-127.9K-7901.4320.614767355104