BDN Options History — October 2021

In October 2021, BDN traded between $13.28 and $14.14. ATM implied volatility averaged 33.7%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 14.1% (HV 20d: 19.5%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.73.

Notable Days

2021-10-27: Highest Volume — 169 contracts
2021-10-13: Largest IV drop — 45.9% change
2021-10-08: Highest IV Rank — 80.8%
2021-10-01: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.78	$13.28	$14.14	$13.78	$13.30
Max Pain	$13.21	$10.00	$15.00	$12.50	$15.00
ATM IV	33.7%	13.5%	58.0%	46.3%	28.2%
Expected Move	8.0%	3.9%	13.3%	13.3%	8.1%
HV 20d	19.5%	16.7%	23.0%	20.6%	20.7%
HV 60d	21.4%	19.1%	24.7%	24.7%	19.7%
IV Rank	38.6%	4.0%	80.8%	56.5%	30.1%
IV Percentile	47.3%	2.0%	98.8%	84.9%	34.9%
Term Structure	0.5%	-26.0%	29.0%	10.4%	-3.5%
VWIV	26.5%	14.0%	40.0%	16.3%	36.1%
Skew 25d	8.6%	-14.8%	95.0%	-4.1%	9.3%
Skew 10d	13.9%	-27.7%	146.9%	-27.7%	11.8%
Call IV 25d	25.1%	10.8%	45.7%	36.0%	22.8%
Put IV 25d	33.7%	17.1%	140.7%	31.9%	32.1%
Bid-Ask Spread %	91.15	20.33	119.17	114.93	27.57
Gamma HHI	0.74	0.52	0.96	0.85	0.52
Net GEX	54.5K	3.1K	173.4K	132.4K	3.1K
Net DEX	-315.5K	-1.2M	38.1K	-996.4K	38.1K
Net VEX	-1.6K	-3.6K	-908	-3.6K	-908
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.00	6.00	0.00	0.65
Total Volume	73.381	0	169	2	112
Total OI	2,634.048	547	4,593	4,593	700

Daily Data (21 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
2021-10-01	$13.78	$12.50	46.3%	13.3%	20.6%	56.5%	0.0%	-4.1%	10.4%	132.4K	-996.4K	-3.6K	0.00	114.93	2	0	4,174	419
2021-10-04	$13.93	$15.00	42.1%	7.2%	20.9%	49.8%	0.0%	0.4%	-3.4%	136.6K	-1.2M	-3.6K	1.00	116.91	5	5	3,936	419
2021-10-05	$13.56	$15.00	50.2%	8.5%	23.0%	62.8%	16.3%	15.5%	8.9%	111.2K	-561.5K	-2.5K	0.01	106.19	81	1	3,938	419
2021-10-06	$13.59	$15.00	58.0%	12.8%	22.8%	75.4%	0.0%	27.6%	-26.0%	119.0K	-686.3K	-2.6K	0.00	119.17	0	0	3,917	423
2021-10-07	$13.61	$15.00	41.6%	8.7%	22.4%	53.9%	0.0%	7.6%	-1.0%	69.8K	-215.2K	-1.6K	0.45	106.19	31	14	3,993	424
2021-10-08	$13.68	$15.00	56.8%	9.5%	17.0%	80.8%	20.2%	13.9%	1.6%	117.0K	-483.0K	-2.2K	6.00	91.24	1	6	3,993	423
2021-10-11	$13.91	$15.00	52.3%	8.6%	17.2%	72.8%	30.0%	0.4%	-6.8%	164.3K	-712.8K	-2.1K	0.25	96.80	40	10	3,979	437
2021-10-12	$14.10	$15.00	43.2%	7.7%	17.0%	56.6%	0.0%	-0.1%	-5.1%	173.4K	-452.9K	-1.7K	0.04	103.55	67	3	3,978	440
2021-10-13	$14.01	$15.00	23.4%	6.7%	17.3%	21.5%	38.3%	5.8%	-9.6%	7.8K	-81.4K	-1.1K	0.08	112.96	62	5	4,004	440
2021-10-14	$14.07	$15.00	26.3%	7.5%	17.2%	26.6%	0.0%	4.3%	29.0%	7.4K	-73.6K	-985	2.00	90.53	1	2	4,002	439
2021-10-15	$14.11	$10.00	18.9%	5.4%	16.7%	13.6%	14.7%	2.8%	10.8%	10.9K	-143.0K	-1.1K	0.00	110.37	22	0	4,064	444
2021-10-18	$13.94	$10.00	13.5%	3.9%	17.3%	4.0%	0.0%	6.4%	12.7%	9.8K	-137.6K	-1.0K	0.01	107.45	70	1	419	128
2021-10-19	$13.84	$10.00	16.9%	4.8%	17.6%	10.0%	14.0%	1.8%	16.0%	9.5K	-134.0K	-1.1K	0.29	86.71	7	2	441	128
2021-10-20	$14.14	$10.00	19.5%	5.6%	18.4%	14.6%	20.1%	95.0%	5.3%	14.6K	-171.8K	-1.1K	0.28	20.33	93	26	519	127
2021-10-21	$13.87	$10.00	25.3%	7.3%	19.7%	24.9%	30.6%	-7.5%	-2.6%	12.9K	-167.8K	-1.3K	0.25	100.26	119	30	532	127
2021-10-22	$13.88	$10.00	28.1%	8.0%	19.7%	29.8%	29.2%	-14.8%	-10.5%	13.1K	-183.5K	-1.3K	0.25	97.71	119	30	531	132
2021-10-25	$13.83	$10.00	24.2%	6.9%	19.7%	23.0%	26.1%	4.8%	-4.7%	12.7K	-199.2K	-1.3K	0.42	71.57	95	40	532	132
2021-10-26	$13.60	$15.00	27.4%	7.8%	20.6%	28.5%	19.4%	-5.5%	-12.1%	8.3K	-49.7K	-1.2K	1.56	100.92	62	97	535	200
2021-10-27	$13.28	$15.00	32.8%	9.4%	22.2%	38.2%	35.4%	10.8%	1.6%	7.1K	-19.1K	-1.1K	0.33	97.13	127	42	534	200
2021-10-28	$13.31	$15.00	32.0%	9.2%	21.9%	36.8%	40.0%	6.2%	-0.1%	4.6K	19.6K	-1.0K	0.63	35.60	68	43	469	224
2021-10-29	$13.30	$15.00	28.2%	8.1%	20.7%	30.1%	36.1%	9.3%	-3.5%	3.1K	38.1K	-908	0.65	27.57	68	44	476	224