BDN Options History — October 2020

In October 2020, BDN traded between $8.69 and $10.90. ATM implied volatility averaged 47.5%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 10.7% (HV 20d: 36.7%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 5.39.

Notable Days

  • 2020-10-21: Highest Volume — 396 contracts
  • 2020-10-06: Largest IV spike — 51.7% change
  • 2020-10-06: Highest IV Rank — 38.1%
  • 2020-10-12: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.07$8.69$10.90$10.47$8.69
Max Pain$9.89$7.50$10.00$10.00$10.00
ATM IV47.5%30.4%73.2%43.2%44.9%
Expected Move12.9%8.7%15.8%12.4%12.9%
HV 20d36.7%28.4%42.8%40.9%28.4%
HV 60d35.4%33.2%38.0%37.7%35.2%
IV Rank22.8%12.5%38.1%20.6%21.0%
IV Percentile52.0%31.3%81.7%48.8%48.0%
Term Structure2.9%-10.5%22.3%22.3%-10.5%
VWIV44.3%27.5%63.0%63.0%27.5%
Skew 25d9.3%-12.7%34.2%13.7%2.1%
Skew 10d10.1%-34.1%78.0%12.5%6.6%
Call IV 25d41.8%29.0%61.6%37.9%38.5%
Put IV 25d51.1%39.3%90.4%51.6%40.7%
Bid-Ask Spread %97.5259.97117.49111.1366.48
Gamma HHI0.710.410.930.840.64
Net GEX7.5K-14.8K54.1K27.0K-3.4K
Net DEX484-470.4K359.0K-185.3K273.2K
Net VEX-616-1.5K-257-809-293
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.390.0048.500.004.50
Total Volume76.86403963227
Total OI2,259.2732353,5123,487849

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-10-01$10.47$10.0043.2%12.4%40.9%20.6%0.0%13.7%22.3%27.0K-185.3K-8090.00111.13303,299188
2020-10-02$10.81$10.0049.4%14.2%42.6%24.2%63.0%-10.5%2.2%54.1K-470.4K-1.5K0.00112.041103,301188
2020-10-05$10.90$10.0048.2%13.7%42.8%23.5%44.6%34.2%2.1%1.8K-124.7K-2570.50105.5238193,301188
2020-10-06$10.73$10.0073.2%15.4%42.7%38.1%0.0%9.2%-3.6%53.7K-367.2K-1.2K0.00117.49103,304188
2020-10-07$10.74$10.0066.8%10.2%42.2%34.4%0.0%20.2%18.2%31.2K-202.2K-6720.00107.122003,304188
2020-10-08$10.90$10.0047.9%14.9%41.9%23.3%0.0%21.8%-1.2%42.3K-268.4K-8630.0098.32003,324188
2020-10-09$10.68$10.0042.0%14.5%41.8%19.9%50.1%19.9%0.3%17.0K-154.0K-5320.00106.69203,324188
2020-10-12$10.64$10.0056.5%15.8%40.2%28.4%54.7%20.3%-4.4%9.2K-67.4K-4151.00110.75113,248188
2020-10-13$10.32$7.5057.8%13.0%40.6%29.1%45.2%11.3%2.1%1.1K-42.3K-3100.67105.64323,248189
2020-10-14$10.15$10.0044.2%12.7%40.3%21.2%44.5%18.8%1.3%784-27.7K-3180.4096.451043,251190
2020-10-15$10.30$10.0044.2%12.7%40.8%21.2%44.0%32.9%0.0%-722-44.2K-3300.06100.893423,261194
2020-10-16$10.23$10.0041.3%11.8%36.2%19.5%0.0%-12.7%4.8%2.6K-58.4K-3340.00113.52503,280193
2020-10-19$10.03$10.0043.3%12.4%33.9%20.6%41.4%11.5%5.8%2.5K-52.5K-3170.00109.635021124
2020-10-20$10.03$10.0047.1%13.5%33.8%22.8%47.1%7.0%6.2%2.7K-58.3K-3429.3086.343027921624
2020-10-21$9.84$10.0049.3%14.1%31.0%23.6%49.3%6.2%-6.9%-6.9K116.8K-77648.5060.318388246393
2020-10-22$9.91$10.0044.5%12.7%30.7%20.7%44.5%4.3%3.0%-14.2K222.3K-8909.7184.1814136246777
2020-10-23$9.89$10.0047.6%13.6%30.4%22.6%47.6%3.4%2.0%-13.8K217.5K-9371.5593.422031242806
2020-10-26$9.39$10.0044.7%12.8%30.4%20.9%44.8%-12.3%3.5%-14.8K345.1K-7868.0992.971189236836
2020-10-27$9.18$10.0038.5%11.0%30.8%17.2%38.7%7.9%14.4%-13.4K359.0K-6692.5898.8743111237796
2020-10-28$8.80$10.0038.8%11.1%33.1%17.4%31.6%-9.7%-2.9%-7.2K315.5K-58721.00107.78484250716
2020-10-29$8.82$10.0030.4%8.7%32.1%12.5%34.7%5.0%2.7%-5.5K284.1K-3764.5059.971045250634
2020-10-30$8.69$10.0044.9%12.9%28.4%21.0%27.5%2.1%-10.5%-3.4K273.2K-2930.0066.480227252597