BDN Options History — August 2021

In August 2021, BDN traded between $13.30 and $14.22. ATM implied volatility averaged 34.3%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 8.3% (HV 20d: 26.0%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.74.

Notable Days

  • 2021-08-25: Highest Volume — 3,229 contracts
  • 2021-08-09: Largest IV spike — 63.9% change
  • 2021-08-10: Highest IV Rank — 72.4%
  • 2021-08-18: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.74$13.30$14.22$13.80$13.91
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV34.3%19.9%67.6%26.9%26.0%
Expected Move9.0%5.7%14.5%7.7%7.5%
HV 20d26.0%17.9%33.5%32.4%20.2%
HV 60d25.6%24.8%26.2%25.7%25.0%
IV Rank29.5%11.0%72.4%20.1%19.0%
IV Percentile44.2%6.3%98.0%22.6%21.0%
Term Structure2.1%-27.4%16.0%9.1%10.7%
VWIV47.3%14.1%126.9%126.9%14.1%
Skew 25d11.3%-0.3%28.7%5.9%-0.1%
Skew 10d12.1%-7.8%37.0%7.1%1.4%
Call IV 25d21.5%16.3%35.1%19.7%22.9%
Put IV 25d32.8%20.5%46.4%25.6%22.7%
Bid-Ask Spread %90.8625.61110.85102.2425.61
Gamma HHI0.610.480.920.570.87
Net GEX33.7K3.5K191.1K12.3K132.2K
Net DEX-276.9K-1.5M-19.0K-124.8K-876.2K
Net VEX-2.7K-7.4K-1.8K-2.2K-5.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.0022.500.001.00
Total Volume169.59103,229122
Total OI1,787.3181,2354,5011,2474,501

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$13.80$15.0026.9%7.7%32.4%20.1%0.0%5.9%9.1%12.3K-124.8K-2.2K0.00102.24120779468
2021-08-03$13.55$15.0041.0%11.7%32.5%38.2%126.9%-0.3%-24.7%6.8K-67.9K-2.1K1.00105.4011779468
2021-08-04$13.30$15.0035.2%10.1%33.0%30.8%35.7%12.5%4.7%3.5K-19.0K-2.0K1.75100.7147783468
2021-08-05$13.51$15.0037.6%9.5%33.5%33.9%0.0%8.0%-2.3%5.8K-44.2K-1.9K0.00107.22280783468
2021-08-06$13.77$15.0032.7%8.9%32.7%27.5%0.0%11.0%2.7%9.7K-112.7K-2.0K0.00110.172010784454
2021-08-09$13.73$15.0053.6%9.7%31.7%54.3%0.0%6.2%4.7%10.5K-126.5K-2.0K0.00110.3200784454
2021-08-10$13.64$15.0067.6%9.4%31.2%72.4%0.0%17.2%7.8%15.9K-165.9K-2.4K0.14108.2271984454
2021-08-11$13.84$15.0035.8%10.3%31.3%31.5%0.0%1.8%-8.0%18.3K-185.8K-2.2K0.00109.6700984454
2021-08-12$13.68$15.0027.5%7.9%31.5%20.9%0.0%3.2%-4.3%16.1K-164.7K-2.3K0.0058.2100991454
2021-08-13$13.84$15.0023.9%6.9%31.8%16.3%0.0%5.9%2.3%19.3K-241.7K-2.5K0.03110.85311991454
2021-08-16$13.76$15.0028.3%8.1%29.1%21.9%26.8%24.9%12.5%18.6K-166.7K-2.1K0.1537.19132991454
2021-08-17$13.65$15.0039.1%11.2%21.4%35.8%0.0%21.6%-5.7%16.6K-152.9K-2.1K0.00105.63091,071454
2021-08-18$13.47$15.0050.5%14.5%20.5%50.4%0.0%28.7%-27.4%12.6K-101.9K-1.9K0.00110.36501,080454
2021-08-19$13.36$15.0037.0%10.6%17.9%33.0%38.7%20.9%1.4%12.6K-113.4K-2.0K0.00100.890321,080439
2021-08-20$13.53$15.0043.7%12.5%18.7%41.7%41.9%26.7%-5.9%10.6K-146.8K-1.8K0.9599.7419181,083459
2021-08-23$13.81$15.0026.7%7.6%20.1%19.8%0.0%15.2%7.4%14.6K-174.1K-2.1K0.0699.77342845390
2021-08-24$13.95$15.0027.7%8.0%20.2%21.2%0.0%13.1%10.6%15.4K-157.6K-2.0K0.0055.6002855405
2021-08-25$14.06$15.0025.3%7.3%20.1%18.1%14.1%9.8%13.8%21.1K-227.7K-2.1K0.00103.853,2209859407
2021-08-26$14.01$15.0027.5%7.9%20.1%20.8%0.0%9.5%16.0%14.8K-167.8K-2.0K0.30106.39103859408
2021-08-27$14.22$15.0019.9%5.7%20.7%11.0%0.0%7.4%12.2%191.1K-1.5M-7.4K0.00104.141004,073415
2021-08-30$13.99$15.0020.4%5.8%21.2%11.7%0.0%-0.3%7.8%163.6K-1.1M-6.4K22.5026.802454,083418
2021-08-31$13.91$15.0026.0%7.5%20.2%19.0%0.0%-0.1%10.7%132.2K-876.2K-5.7K1.0025.61114,083418