BDN Options History — June 2019

In June 2019, BDN traded between $14.24 and $15.70. ATM implied volatility averaged 17.1%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 0.7% (HV 20d: 17.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.33.

Notable Days

2019-06-28: Highest Volume — 34 contracts
2019-06-26: Largest IV spike — 106.3% change
2019-06-26: Highest IV Rank — 23.8%
2019-06-26: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.15	$14.24	$15.70	$14.97	$14.38
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	17.1%	11.6%	26.5%	16.0%	20.0%
Expected Move	5.1%	3.3%	7.6%	4.6%	5.7%
HV 20d	17.7%	12.4%	23.3%	12.4%	22.7%
HV 60d	16.5%	14.3%	18.1%	14.3%	18.1%
IV Rank	11.4%	4.2%	23.8%	10.0%	15.3%
IV Percentile	34.6%	2.8%	82.5%	23.8%	59.1%
Term Structure	0.3%	-6.3%	4.5%	-0.5%	0.1%
VWIV	19.9%	17.1%	26.9%	18.1%	18.4%
Skew 25d	0.4%	-35.8%	9.7%	-1.7%	3.9%
Skew 10d	-0.1%	-63.7%	8.8%	-3.1%	1.7%
Call IV 25d	23.0%	15.6%	71.2%	23.5%	23.9%
Put IV 25d	23.4%	15.9%	35.4%	21.8%	27.8%
Bid-Ask Spread %	54.83	18.77	113.98	20.61	113.98
Gamma HHI	0.81	0.61	0.93	0.86	0.90
Net GEX	6.6K	1.8K	10.1K	5.7K	5.3K
Net DEX	-82.2K	-131.0K	-3.2K	-47.5K	-3.2K
Net VEX	-442	-508	-325	-508	-327
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.00	1.13	0.00	1.13
Total Volume	8	0	34	3	34
Total OI	270.5	248	280	273	262

Daily Data (20 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
2019-06-03	$14.97	$15.00	16.0%	4.6%	12.4%	10.0%	0.0%	-1.7%	-0.5%	5.7K	-47.5K	-508	0.00	20.61	3	0	195	78
2019-06-04	$15.20	$15.00	14.9%	4.3%	13.7%	8.6%	0.0%	-8.1%	1.1%	6.1K	-72.9K	-507	0.00	33.78	3	0	195	78
2019-06-05	$15.70	$15.00	11.6%	3.3%	16.3%	4.2%	0.0%	-35.8%	4.5%	7.7K	-130.2K	-460	0.71	18.77	7	5	195	78
2019-06-06	$15.56	$15.00	14.3%	5.2%	16.8%	7.7%	18.1%	2.1%	0.1%	6.9K	-116.9K	-508	1.00	20.23	7	7	199	78
2019-06-07	$15.61	$15.00	15.4%	5.4%	16.3%	9.2%	18.8%	2.2%	-0.5%	7.4K	-131.0K	-481	0.71	33.60	7	5	199	71
2019-06-10	$15.51	$15.00	16.0%	5.5%	16.6%	10.0%	0.0%	3.0%	-0.6%	6.9K	-112.9K	-490	0.00	38.31	0	0	199	76
2019-06-11	$15.36	$15.00	17.1%	5.2%	17.0%	11.5%	0.0%	2.9%	0.3%	6.2K	-96.8K	-492	0.00	34.41	4	0	199	76
2019-06-12	$15.28	$15.00	18.4%	5.3%	17.0%	13.2%	0.0%	2.8%	0.1%	5.9K	-100.9K	-493	0.00	41.80	4	0	203	76
2019-06-13	$15.31	$15.00	17.8%	5.1%	17.0%	12.3%	0.0%	2.4%	0.7%	6.1K	-103.4K	-475	0.00	39.54	4	0	203	76
2019-06-14	$15.23	$15.00	17.3%	5.0%	17.1%	11.7%	0.0%	2.7%	0.8%	6.0K	-94.7K	-481	0.00	29.91	4	0	203	76
2019-06-17	$15.45	$15.00	17.4%	5.0%	17.5%	11.9%	0.0%	1.2%	0.6%	7.5K	-117.3K	-444	0.00	57.34	0	0	203	76
2019-06-18	$15.32	$15.00	18.3%	5.3%	17.2%	13.1%	0.0%	1.5%	-1.0%	6.3K	-108.2K	-451	0.00	44.35	0	3	203	76
2019-06-19	$15.39	$15.00	18.2%	5.2%	16.9%	12.9%	0.0%	0.1%	-0.4%	7.1K	-105.5K	-452	0.00	109.39	0	3	203	77
2019-06-20	$15.43	$15.00	17.3%	5.0%	16.7%	11.7%	0.0%	1.2%	0.9%	8.7K	-115.7K	-438	0.00	41.88	0	3	203	77
2019-06-21	$15.09	$15.00	17.1%	4.9%	18.7%	11.4%	17.1%	3.6%	0.5%	1.8K	-71.3K	-438	0.10	51.88	30	3	203	77
2019-06-24	$14.93	$15.00	16.5%	4.7%	19.0%	10.6%	0.0%	5.3%	0.6%	10.1K	-52.6K	-387	0.00	49.32	0	1	193	56
2019-06-25	$14.76	$15.00	12.8%	3.7%	19.4%	5.9%	0.0%	9.7%	3.1%	9.5K	-24.2K	-349	0.00	105.83	0	1	193	57
2019-06-26	$14.24	$15.00	26.5%	7.6%	23.1%	23.8%	26.9%	2.6%	-6.3%	5.9K	-15.4K	-325	0.00	110.29	0	6	193	57
2019-06-27	$14.32	$15.00	19.1%	5.5%	23.3%	14.1%	20.1%	6.6%	1.4%	4.9K	-24.5K	-334	0.00	101.44	0	16	193	55
2019-06-28	$14.38	$15.00	20.0%	5.7%	22.7%	15.3%	18.4%	3.9%	0.1%	5.3K	-3.2K	-327	1.13	113.98	16	18	193	69