BDN Options History — June 2021

In June 2021, BDN traded between $13.70 and $15.03. ATM implied volatility averaged 23.7%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 2.1% (HV 20d: 21.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 3.33.

Notable Days

  • 2021-06-08: Highest Volume — 331 contracts
  • 2021-06-30: Largest IV spike — 62.7% change
  • 2021-06-30: Highest IV Rank — 31.5%
  • 2021-06-30: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.47$13.70$15.03$14.57$13.73
Max Pain$14.43$12.50$15.00$12.50$15.00
ATM IV23.7%11.3%42.7%14.7%42.7%
Expected Move7.4%4.2%12.2%4.2%12.2%
HV 20d21.6%19.1%27.4%27.4%20.3%
HV 60d22.4%20.6%26.0%26.0%21.6%
IV Rank11.7%0.0%31.5%1.9%31.5%
IV Percentile12.9%0.0%63.5%1.2%63.5%
Term Structure1.1%-18.4%25.4%6.1%-18.4%
VWIV26.2%13.7%47.4%13.7%47.4%
Skew 25d11.7%-15.4%106.7%16.0%8.6%
Skew 10d14.2%-19.5%133.8%-2.8%16.8%
Call IV 25d27.7%10.3%95.4%10.3%25.0%
Put IV 25d39.3%17.4%132.0%26.3%33.6%
Bid-Ask Spread %68.5319.9398.8393.7734.70
Gamma HHI0.920.540.990.960.54
Net GEX212.3K20.1K326.0K326.0K51.9K
Net DEX-1.8M-3.4M-160.6K-2.3M-308.4K
Net VEX-7.0K-9.7K-2.3K-8.3K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.330.0025.750.310.03
Total Volume107.6361533113062
Total OI7,328.6366,9517,6056,9617,605

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-06-01$14.57$12.5014.7%4.2%27.4%1.9%13.7%16.0%6.1%326.0K-2.3M-8.3K0.3193.7799314,3482,613
2021-06-02$14.68$15.0014.6%4.2%27.4%1.9%20.2%4.8%11.5%296.6K-2.4M-8.4K0.1786.56119204,3182,633
2021-06-03$14.65$12.5011.4%6.4%24.3%0.0%22.3%-0.3%5.5%278.1K-2.5M-8.6K0.0182.738614,3662,616
2021-06-04$14.64$12.5011.3%5.9%22.3%0.0%20.6%-0.7%5.4%303.5K-2.3M-8.4K0.0081.781704,4222,617
2021-06-07$14.85$12.5018.3%6.4%22.5%6.7%22.5%78.7%3.9%323.8K-2.9M-8.8K0.6336.5641264,4252,617
2021-06-08$15.03$12.5017.4%10.4%22.5%5.8%36.3%0.4%-11.2%192.3K-3.4M-9.2K3.0991.68812504,4172,640
2021-06-09$15.01$15.0027.4%7.9%20.4%15.2%27.4%71.7%5.4%255.7K-3.2M-9.7K1.0022.1026264,4492,864
2021-06-10$15.03$15.0026.3%7.5%19.6%14.2%26.3%1.8%5.1%275.7K-3.2M-9.5K0.9088.2840364,4532,889
2021-06-11$14.93$15.0026.5%7.6%19.1%14.4%26.5%-5.1%-3.0%281.3K-3.0M-8.9K0.3696.671454,4862,919
2021-06-14$14.94$15.0026.3%7.5%19.2%14.2%26.3%1.6%-1.2%310.1K-2.9M-8.9K12.7585.084514,4982,919
2021-06-15$14.78$15.0024.2%6.9%20.0%12.2%24.5%-3.1%2.8%311.6K-2.4M-8.4K0.0396.9910734,4982,919
2021-06-16$14.56$15.0026.0%7.4%21.0%13.9%30.0%-15.4%0.0%20.1K-265.7K-2.3K0.1398.831524,5022,920
2021-06-17$14.35$15.0024.5%7.0%20.5%12.5%25.1%106.7%25.4%210.0K-1.2M-6.3K16.6727.8061004,4972,922
2021-06-18$14.10$15.0024.7%7.1%19.8%12.7%27.7%-10.0%-4.2%151.1K-1.1M-7.6K25.7587.9341034,5002,985
2021-06-21$14.44$15.0021.4%6.1%21.4%9.6%19.3%-7.4%3.4%246.2K-1.5M-6.7K0.0975.018074,4332,851
2021-06-22$14.19$15.0029.4%8.4%21.6%17.2%27.5%3.9%-11.7%193.6K-1.2M-6.2K0.9089.77102924,4842,851
2021-06-23$14.16$15.0025.2%7.2%20.8%13.1%27.1%-5.0%2.5%179.3K-1.0M-5.8K1.3587.571371854,5672,939
2021-06-24$14.18$15.0028.3%8.1%20.7%16.1%27.9%-0.9%-0.4%192.3K-1.2M-6.0K4.0022.063124,5672,962
2021-06-25$14.18$15.0031.0%8.9%20.7%18.6%0.0%0.9%-6.1%171.9K-1.0M-5.7K2.0080.535104,5712,972
2021-06-28$13.70$15.0024.2%6.9%24.1%12.2%22.1%0.9%0.7%50.5K-167.1K-3.0K1.4619.9324354,6012,982
2021-06-29$13.71$15.0026.2%7.5%20.6%14.1%28.2%8.9%2.0%48.7K-160.6K-2.8K1.5321.291191824,6082,985
2021-06-30$13.73$15.0042.7%12.2%20.3%31.5%47.4%8.6%-18.4%51.9K-308.4K-4.9K0.0334.706024,6202,985