BDN Options History — October 2018

In October 2018, BDN traded between $14.06 and $15.47. ATM implied volatility averaged 20.8%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 0.2% (HV 20d: 20.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.33.

Notable Days

2018-10-30: Highest Volume — 585 contracts
2018-10-23: Largest IV spike — 56.3% change
2018-10-23: Highest IV Rank — 18.7%
2018-10-23: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.66	$14.06	$15.47	$15.47	$14.13
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	20.8%	11.4%	27.6%	22.5%	15.6%
Expected Move	5.8%	3.3%	7.9%	6.5%	4.5%
HV 20d	20.7%	17.5%	25.4%	18.5%	24.6%
HV 60d	18.5%	17.0%	20.2%	17.0%	20.2%
IV Rank	12.1%	3.0%	18.7%	13.7%	7.0%
IV Percentile	50.2%	4.0%	74.2%	58.3%	27.4%
Term Structure	-0.1%	-3.5%	8.7%	-3.5%	3.9%
VWIV	20.1%	10.9%	27.6%	22.2%	15.6%
Skew 25d	1.0%	-8.0%	13.1%	-0.0%	-0.8%
Skew 10d	1.5%	-15.1%	8.3%	7.5%	4.2%
Call IV 25d	21.2%	12.7%	30.3%	27.7%	20.9%
Put IV 25d	22.3%	16.8%	31.1%	27.6%	20.1%
Bid-Ask Spread %	61.47	24.91	112.00	111.76	53.52
Gamma HHI	0.90	0.35	0.99	0.92	0.97
Net GEX	40.9K	587	76.9K	33.3K	31.0K
Net DEX	-213.6K	-465.7K	54.4K	-301.5K	-138.4K
Net VEX	-663	-1.4K	-125	-503	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.06	0.88	0.11	0.08
Total Volume	272.304	49	585	206	585
Total OI	628.826	125	735	494	673

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-10-01	$15.47	$15.00	22.5%	6.5%	18.5%	13.7%	22.2%	-0.0%	-3.5%	33.3K	-301.5K	-503	0.11	111.76	185	21	463	31
2018-10-02	$15.47	$15.00	23.5%	6.7%	18.3%	14.7%	23.5%	-0.2%	-3.4%	50.4K	-465.7K	-688	0.16	108.93	185	30	623	31
2018-10-03	$15.14	$15.00	22.4%	6.4%	17.7%	13.6%	22.4%	-7.2%	-3.0%	56.1K	-384.2K	-742	0.18	112.00	191	35	629	42
2018-10-04	$14.99	$15.00	22.6%	5.5%	17.7%	13.8%	19.4%	2.0%	-0.7%	57.3K	-325.2K	-749	0.18	111.48	196	35	629	47
2018-10-05	$15.03	$15.00	22.4%	5.6%	17.5%	13.6%	19.6%	3.5%	-1.2%	60.2K	-338.3K	-732	0.18	30.75	192	35	634	47
2018-10-08	$15.27	$15.00	26.7%	5.9%	18.7%	17.8%	20.6%	2.1%	-2.3%	55.5K	-447.4K	-670	0.20	28.70	192	38	640	47
2018-10-09	$15.27	$15.00	23.9%	5.8%	18.8%	15.1%	20.4%	3.6%	-1.7%	67.3K	-456.8K	-644	0.20	29.28	192	38	640	51
2018-10-10	$15.16	$15.00	20.9%	6.0%	18.8%	12.2%	20.9%	3.4%	-1.6%	58.6K	-424.5K	-643	0.86	31.34	44	38	640	51
2018-10-11	$14.63	$15.00	21.7%	6.2%	21.7%	12.9%	21.7%	1.2%	-1.6%	58.9K	-188.3K	-562	0.86	44.54	44	38	642	51
2018-10-12	$14.45	$15.00	20.4%	5.9%	21.7%	11.7%	20.5%	-0.5%	-2.6%	49.1K	-161.0K	-489	0.73	33.41	44	32	642	51
2018-10-15	$14.54	$15.00	20.5%	5.9%	21.5%	11.8%	20.5%	1.0%	-2.3%	53.7K	-119.4K	-384	0.73	24.91	44	32	642	52
2018-10-16	$14.66	$15.00	19.5%	5.6%	22.0%	10.8%	19.5%	0.0%	-1.7%	76.9K	-158.6K	-376	0.68	27.95	34	23	642	52
2018-10-17	$14.54	$15.00	16.1%	4.6%	20.2%	7.5%	16.1%	-2.1%	-1.4%	58.8K	-125.9K	-310	0.20	35.60	81	16	643	52
2018-10-18	$14.34	$15.00	16.7%	4.8%	19.4%	8.0%	17.2%	-1.9%	-0.2%	833	54.4K	-138	0.42	33.76	38	16	679	56
2018-10-19	$14.37	$15.00	11.4%	3.3%	19.5%	3.0%	10.9%	4.2%	8.7%	1.0K	26.7K	-134	0.50	39.69	38	19	682	35
2018-10-22	$14.12	$15.00	17.7%	5.1%	19.0%	9.0%	16.0%	-1.4%	5.5%	723	24.2K	-125	0.88	48.08	26	23	92	33
2018-10-23	$14.06	$15.00	27.6%	7.9%	18.9%	18.7%	27.6%	6.8%	4.7%	587	20.4K	-178	0.06	55.53	542	32	92	43
2018-10-24	$14.43	$15.00	20.1%	5.8%	21.8%	11.4%	20.1%	13.1%	2.0%	39.0K	-230.0K	-1.3K	0.07	111.28	542	39	615	46
2018-10-25	$14.66	$15.00	19.7%	5.6%	22.9%	11.0%	19.7%	-1.8%	-1.2%	40.3K	-277.9K	-1.4K	0.07	110.04	542	38	615	63
2018-10-26	$14.15	$15.00	23.8%	6.8%	25.3%	15.0%	24.2%	5.5%	-2.9%	29.2K	-180.7K	-1.2K	0.07	109.44	542	39	615	62
2018-10-29	$14.10	$15.00	24.3%	7.0%	25.1%	15.4%	24.3%	1.6%	-2.4%	29.8K	-160.3K	-1.2K	0.07	74.14	542	40	615	60
2018-10-30	$14.21	$15.00	18.8%	5.4%	25.4%	10.1%	18.8%	-8.0%	5.9%	31.8K	-154.1K	-1.1K	0.08	47.68	542	43	615	58
2018-10-31	$14.13	$15.00	15.6%	4.5%	24.6%	7.0%	15.6%	-0.8%	3.9%	31.0K	-138.4K	-1.0K	0.08	53.52	542	43	615	58