BDN Options History — November 2021

In November 2021, BDN traded between $12.97 and $14.59. ATM implied volatility averaged 31.6%, placing in the 36.1% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 0.7% (HV 20d: 30.8%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2021-11-05: Highest Volume — 3,439 contracts
  • 2021-11-15: Largest IV spike — 94.5% change
  • 2021-11-26: Highest IV Rank — 76.6%
  • 2021-11-26: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.01$12.97$14.59$13.69$12.97
Max Pain$14.05$12.50$15.00$15.00$15.00
ATM IV31.6%16.5%54.4%37.9%52.4%
Expected Move8.5%4.7%15.6%10.9%15.0%
HV 20d30.8%21.7%37.4%23.0%37.4%
HV 60d23.9%20.2%27.7%20.2%27.7%
IV Rank36.1%9.3%76.6%47.2%73.0%
IV Percentile46.1%3.6%97.2%74.2%96.0%
Term Structure-4.9%-47.8%6.1%-11.4%-21.7%
VWIV32.6%16.5%51.9%35.9%51.9%
Skew 25d7.6%-22.5%92.5%3.5%-10.3%
Skew 10d9.2%-19.8%124.5%-3.2%7.5%
Call IV 25d30.6%15.4%58.6%36.0%58.6%
Put IV 25d38.1%20.9%125.1%39.6%48.3%
Bid-Ask Spread %98.7659.96112.38104.85103.53
Gamma HHI0.860.570.970.580.90
Net GEX112.8K5.4K236.0K6.2K70.9K
Net DEX-712.7K-1.5M-18.2K-38.4K-417.2K
Net VEX-3.4K-5.2K-1.1K-1.1K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.011.470.900.67
Total Volume298.4291113,439131162
Total OI2,494.4766813,1417002,995

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$13.69$15.0037.9%10.9%23.0%47.2%35.9%3.5%-11.4%6.2K-38.4K-1.1K0.90104.856962476224
2021-11-02$13.47$15.0044.9%12.9%21.7%59.7%48.8%-22.5%-47.8%5.4K-18.2K-1.1K0.79108.047862469216
2021-11-03$14.05$15.0029.1%8.3%26.5%31.7%31.4%8.8%-3.6%7.9K-74.5K-1.1K0.52104.418142465216
2021-11-04$13.64$12.5041.7%8.9%28.7%54.1%36.2%1.0%6.1%5.8K-28.1K-1.1K0.5178.678242475216
2021-11-05$14.14$12.5030.7%6.4%31.4%34.5%22.4%-1.2%-0.1%9.5K-100.9K-1.1K0.0187.933,39742478216
2021-11-08$13.92$12.5023.1%5.5%31.4%21.0%23.3%-3.6%-0.2%130.5K-722.7K-4.2K0.44110.76101442,865216
2021-11-09$14.00$12.5034.9%5.4%31.1%42.0%28.2%10.5%0.6%123.9K-944.5K-4.6K0.3988.23106412,880218
2021-11-10$14.08$12.5018.8%5.4%31.1%13.3%32.9%8.1%1.0%142.2K-858.6K-4.4K0.64106.2272462,864224
2021-11-11$14.23$12.5021.6%6.2%31.3%18.4%30.0%9.3%-0.1%157.4K-837.3K-4.4K0.5790.0772412,876226
2021-11-12$14.29$12.5016.5%4.7%31.3%9.3%16.5%5.8%4.2%236.0K-949.6K-4.4K0.58103.1876442,876226
2021-11-15$14.59$12.5032.1%9.2%31.7%37.0%31.2%-7.8%-1.4%152.6K-1.5M-5.2K0.96104.2268652,878226
2021-11-16$14.39$15.0025.3%7.3%32.0%24.9%29.2%12.4%-0.7%185.3K-1.5M-5.1K1.16105.5968792,878258
2021-11-17$14.20$15.0021.9%6.3%31.6%18.9%26.6%8.8%2.3%156.5K-698.9K-3.8K1.0496.4976792,878263
2021-11-18$14.33$15.0025.7%7.4%30.9%25.7%31.6%14.6%1.7%178.2K-1.3M-4.7K1.16102.1067782,869262
2021-11-19$14.14$15.0020.8%6.0%31.3%16.9%27.1%14.0%3.2%153.4K-748.0K-3.9K1.2859.9669882,870253
2021-11-22$14.31$15.0025.1%7.2%31.5%24.6%24.2%-3.7%-1.0%164.0K-911.4K-3.9K1.47103.4845662,739191
2021-11-23$14.35$15.0031.1%8.9%30.7%35.3%30.6%92.5%-4.6%153.6K-1.0M-4.0K0.6994.4096662,742193
2021-11-24$14.44$15.0033.3%9.6%29.1%39.1%38.7%3.9%-9.7%184.4K-1.2M-4.4K0.66110.74100662,793193
2021-11-26$13.61$15.0054.4%15.6%36.8%76.6%48.4%6.3%-9.8%95.0K-887.3K-3.7K0.72112.3896692,798193
2021-11-29$13.40$15.0041.9%12.0%37.3%54.3%38.5%8.6%-11.0%49.7K-184.8K-1.9K0.6698.8099652,797193
2021-11-30$12.97$15.0052.4%15.0%37.4%73.0%51.9%-10.3%-21.7%70.9K-417.2K-2.5K0.67103.5397652,801194