BDN Options History — April 2017

In April 2017, BDN traded between $16.15 and $17.14. ATM implied volatility averaged 20.2%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 5.7% (HV 20d: 14.6%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2017-04-25: Highest Volume — 484 contracts
  • 2017-04-12: Largest IV drop — 31.9% change
  • 2017-04-06: Highest IV Rank — 22.6%
  • 2017-04-05: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.80$16.15$17.14$16.15$16.95
Max Pain$16.92$15.00$17.50$15.00$17.50
ATM IV20.2%15.3%25.4%20.9%17.8%
Expected Move5.5%4.4%6.9%6.0%5.1%
HV 20d14.6%13.1%17.2%16.3%13.8%
HV 60d16.9%16.2%18.5%18.2%16.2%
IV Rank13.2%4.3%22.6%14.3%8.9%
IV Percentile30.0%3.2%77.0%26.2%11.1%
Term Structure-1.0%-5.4%2.8%-1.3%-1.9%
VWIV19.4%16.1%22.2%20.1%20.1%
Skew 25d-0.9%-6.9%4.5%4.5%-3.4%
Skew 10d-1.9%-13.0%6.9%2.6%-5.6%
Call IV 25d20.6%18.7%23.0%20.0%20.8%
Put IV 25d19.7%15.2%25.3%24.5%17.5%
Bid-Ask Spread %34.0318.1976.2931.0026.11
Gamma HHI0.950.800.990.800.97
Net GEX43.3K14.2K62.2K17.8K55.9K
Net DEX-271.4K-449.5K-136.9K-136.9K-389.0K
Net VEX-759-1.6K-454-454-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume443.368413484413484
Total OI576.947210659552659

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-04-03$16.15$15.0020.9%6.0%16.3%14.3%20.1%4.5%-1.3%17.8K-136.9K-4540.0031.00411253022
2017-04-04$16.41$15.0023.5%6.7%17.2%19.1%17.9%4.2%-5.4%29.0K-193.0K-5930.0018.19411253022
2017-04-05$16.38$15.0024.0%6.9%16.5%20.0%18.8%3.0%2.8%28.3K-195.5K-5850.0019.29411253022
2017-04-06$16.60$0.0025.4%5.4%16.0%22.6%0.0%4.2%-0.7%35.8K-230.1K-6370.0033.61411253022
2017-04-07$16.59$0.0023.2%5.2%15.7%18.5%0.0%-2.8%-1.2%35.3K-225.0K-6110.0038.42411253022
2017-04-10$16.72$0.0021.3%5.3%15.4%15.2%0.0%-3.4%-0.6%39.8K-219.1K-5510.0033.91411253022
2017-04-11$16.95$0.0025.4%5.6%15.4%22.5%0.0%-1.4%-2.2%53.8K-303.7K-6280.0036.54421253022
2017-04-12$16.91$0.0017.3%5.0%13.7%7.9%0.0%-6.9%-0.2%53.7K-254.5K-5870.0076.29421254022
2017-04-13$16.75$0.0022.2%6.4%13.7%16.7%22.2%-2.3%-4.1%40.6K-217.9K-5400.0055.13463254022
2017-04-17$16.80$17.5018.3%5.2%13.2%9.6%18.9%1.4%1.0%50.8K-277.3K-6020.0043.77463259222
2017-04-18$16.95$17.5021.5%6.2%13.1%15.5%21.7%-0.1%-1.8%62.0K-276.0K-5750.0020.48458259222
2017-04-19$16.92$17.5020.5%5.9%13.1%13.8%20.9%-0.5%-1.7%58.8K-301.0K-5460.0020.91439259022
2017-04-20$16.76$17.5017.8%5.1%13.2%8.8%18.9%0.0%1.1%49.2K-252.7K-5190.0039.14429262322
2017-04-21$17.08$17.5015.3%4.4%14.6%4.3%16.1%-1.7%2.6%16.5K-220.4K-4770.0043.12429263322
2017-04-24$17.01$17.5018.6%5.3%14.7%10.2%20.6%-2.0%-2.0%14.2K-144.2K-4760.0027.47470118921
2017-04-25$17.14$17.5015.9%4.6%13.8%5.4%17.6%-2.3%0.1%59.4K-444.5K-1.5K0.0027.88483162621
2017-04-26$17.11$17.5016.3%4.7%13.7%6.1%17.5%-3.5%-0.4%62.2K-449.5K-1.6K0.0027.30483163722
2017-04-27$17.02$17.5019.1%5.5%13.7%11.1%20.9%-3.8%-3.7%59.3K-425.8K-1.5K0.0027.99483163722
2017-04-28$16.95$17.5017.8%5.1%13.8%8.9%20.1%-3.4%-1.9%55.9K-389.0K-1.5K0.0026.11483163722