BDN Options History — August 2018

In August 2018, BDN traded between $16.35 and $16.91. ATM implied volatility averaged 19.8%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.8% (HV 20d: 16.0%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.37.

Notable Days

  • 2018-08-24: Highest Volume — 157 contracts
  • 2018-08-10: Largest IV spike — 132.1% change
  • 2018-08-14: Highest IV Rank — 40.9%
  • 2018-08-22: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.65$16.35$16.91$16.57$16.75
Max Pain$15.65$15.00$17.50$15.00$15.00
ATM IV19.8%8.4%50.6%21.8%14.4%
Expected Move4.4%2.4%6.3%6.2%4.1%
HV 20d16.0%14.1%17.4%16.9%15.9%
HV 60d16.5%15.7%17.5%17.5%17.1%
IV Rank11.0%0.0%40.9%12.8%5.8%
IV Percentile44.0%0.0%87.7%60.7%23.8%
Term Structure0.9%-9.3%5.3%-3.5%-0.5%
VWIV17.0%7.6%111.7%111.7%9.6%
Skew 25d2.4%-5.1%10.3%7.4%-2.1%
Skew 10d0.2%-14.5%9.6%-2.8%2.6%
Call IV 25d14.5%8.2%22.9%14.1%20.0%
Put IV 25d16.9%10.8%24.2%21.5%17.9%
Bid-Ask Spread %46.4323.39119.5334.8636.66
Gamma HHI0.810.560.970.820.59
Net GEX26.3K8.1K51.7K43.8K11.5K
Net DEX-164.0K-313.5K-52.4K-258.5K-273.8K
Net VEX-661-1.2K-424-1.2K-868
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.150.780.400.26
Total Volume934815777102
Total OI625.304185891886362

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$16.57$15.0021.8%6.2%16.9%12.8%111.7%7.4%-3.5%43.8K-258.5K-1.2K0.4034.865522720166
2018-08-02$16.56$15.0018.8%5.4%16.9%9.9%17.7%-2.4%-0.3%48.8K-183.3K-9120.4030.245522720166
2018-08-03$16.60$15.0018.7%5.4%16.7%9.8%17.1%-2.7%-0.3%51.7K-184.9K-9060.4027.815522720166
2018-08-06$16.74$17.5014.9%3.0%17.0%6.1%12.0%-2.4%1.8%46.2K-114.0K-6800.4023.395522720166
2018-08-07$16.65$17.5017.1%3.3%17.0%8.3%13.5%-2.1%0.5%42.8K-115.1K-6660.4023.675522720166
2018-08-08$16.67$17.5027.4%4.2%16.9%18.3%7.8%5.8%5.3%51.2K-261.0K-9590.4043.585522720166
2018-08-09$16.70$17.5016.6%3.3%16.9%7.8%7.6%1.8%5.0%46.2K-107.0K-5960.4028.855522720166
2018-08-10$16.49$17.5038.5%4.5%17.4%29.1%9.1%3.7%4.0%44.1K-174.4K-7680.3746.586022725166
2018-08-13$16.35$17.5029.8%4.2%17.4%20.6%13.7%9.0%5.1%10.0K-52.4K-4580.3826.336123725166
2018-08-14$16.42$15.0050.6%3.5%16.8%40.9%10.7%-0.7%-1.7%38.6K-176.1K-6860.4025.145823720167
2018-08-15$16.49$15.0015.3%4.4%16.8%6.6%15.0%4.1%-3.7%33.8K-103.0K-5320.41114.575824720167
2018-08-16$16.69$15.0017.0%4.9%16.7%8.2%12.7%9.5%-1.0%8.1K-71.5K-4940.41119.535824720167
2018-08-17$16.91$15.009.7%2.8%14.7%1.1%10.0%-4.4%4.4%11.5K-74.8K-4670.41111.065824720167
2018-08-20$16.86$15.008.4%2.4%14.4%0.0%7.7%-1.4%4.6%12.3K-58.5K-4240.7833.32272115431
2018-08-21$16.78$15.0015.7%4.5%14.2%7.1%8.5%6.7%4.6%11.2K-55.5K-4320.7832.35272115431
2018-08-22$16.63$15.0021.8%6.3%14.7%13.1%16.6%7.6%1.4%9.7K-56.6K-4370.1684.941312115431
2018-08-23$16.60$15.0021.3%6.1%14.6%12.5%13.7%1.0%-1.9%12.3K-195.5K-5680.1664.401312125131
2018-08-24$16.69$15.0014.6%4.2%14.1%6.1%16.9%-5.1%-9.3%9.8K-197.2K-6960.1526.301362125131
2018-08-27$16.44$15.0013.2%3.8%15.2%4.7%0.0%-0.8%-0.6%11.9K-175.6K-5850.2426.93892125831
2018-08-28$16.88$15.0019.0%5.4%15.2%10.3%8.9%10.3%4.4%17.4K-313.5K-5220.2450.07892132831
2018-08-29$16.82$15.0012.9%3.7%15.3%4.4%9.6%3.7%3.8%17.9K-305.6K-5470.2326.67932132831
2018-08-30$16.65$15.0018.3%5.2%15.8%9.6%0.0%7.9%-0.6%14.6K-265.2K-7930.2330.65932133131
2018-08-31$16.75$15.0014.4%4.1%15.9%5.8%0.0%-2.1%-0.5%11.5K-273.8K-8680.2636.66812133131