BDN Options History — December 2021

In December 2021, BDN traded between $12.94 and $14.02. ATM implied volatility averaged 45.6%, placing in the 50.4% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 10.8% (HV 20d: 34.8%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.41.

Notable Days

  • 2021-12-03: Highest Volume — 174 contracts
  • 2021-12-06: Largest IV spike — 63.3% change
  • 2021-12-06: Highest IV Rank — 100.0%
  • 2021-12-02: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.47$12.94$14.02$12.94$13.54
Max Pain$14.77$12.50$15.00$15.00$15.00
ATM IV45.6%23.5%88.3%43.9%23.5%
Expected Move10.9%6.7%14.8%12.6%6.7%
HV 20d34.8%27.8%38.6%37.1%27.8%
HV 60d29.3%27.7%30.6%27.7%29.7%
IV Rank50.4%15.8%100.0%58.0%15.8%
IV Percentile75.4%14.7%100.0%88.5%14.7%
Term Structure-6.0%-53.2%74.0%-10.4%3.3%
VWIV35.4%23.3%54.9%41.3%28.0%
Skew 25d27.3%-6.4%106.3%47.9%106.3%
Skew 10d83.9%5.2%180.3%125.0%180.3%
Call IV 25d36.7%20.7%95.1%36.4%81.6%
Put IV 25d64.1%20.0%188.0%84.2%188.0%
Bid-Ask Spread %104.8292.63113.72103.7492.63
Gamma HHI0.710.480.940.780.69
Net GEX32.9K-2.6K124.9K29.0K4.1K
Net DEX-166.8K-1.0M46.0K-65.0K20.0K
Net VEX-1.3K-3.0K-544-1.5K-544
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.772.710.771.84
Total Volume130.182105174172105
Total OI2,040.7736193,0272,996637

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$12.94$15.0043.9%12.6%37.1%58.0%41.3%47.9%-10.4%29.0K-65.0K-1.5K0.77103.7497752,801195
2021-12-02$13.31$12.5051.5%14.8%35.2%71.5%54.9%24.5%-9.9%75.1K-487.8K-2.6K0.94105.5780752,801196
2021-12-03$13.21$12.5042.5%12.2%33.8%55.4%45.3%13.5%2.9%55.4K-269.7K-2.1K1.15106.0281932,798196
2021-12-06$13.74$15.0069.4%12.2%34.3%100.0%41.3%16.9%-14.6%85.1K-1.0M-3.0K2.71113.7235952,798216
2021-12-07$13.65$15.0076.0%11.3%33.9%100.0%35.0%10.8%-5.9%90.2K-442.0K-2.2K2.40104.6835842,803218
2021-12-08$14.02$15.0033.2%8.6%35.3%33.8%31.2%7.0%-0.1%124.9K-431.7K-2.0K1.14100.9274842,803219
2021-12-09$13.69$15.0042.7%9.8%36.2%48.6%31.5%-1.5%-4.2%32.4K-62.5K-1.2K1.07100.1274792,807219
2021-12-10$13.51$15.0057.7%11.5%36.1%71.8%31.0%14.6%-15.5%51.3K-150.4K-1.4K1.2398.7864792,807219
2021-12-13$13.37$15.0065.8%12.5%36.1%84.3%37.5%17.6%-13.1%30.5K-68.4K-1.2K1.2798.4962792,798219
2021-12-14$13.23$15.0088.3%10.6%35.1%100.0%25.4%56.8%0.7%43.9K-145.8K-1.3K1.11100.3463702,797229
2021-12-15$13.51$15.0044.8%12.8%36.1%43.5%31.3%4.8%-8.6%79.4K-602.6K-1.7K1.25112.1856702,797230
2021-12-16$13.53$15.0036.5%10.5%35.9%32.7%38.0%18.5%74.0%3.0K-12.3K-1.0K1.25105.2656702,794230
2021-12-17$13.47$15.0037.3%10.7%35.6%33.7%38.0%8.1%2.2%2.9K-11.2K-9971.25108.1156702,794230
2021-12-20$13.02$15.0036.8%10.5%37.1%33.1%40.3%51.5%-6.8%-1.2K46.0K-8191.09107.305459398221
2021-12-21$13.40$15.0047.1%13.5%38.6%46.5%41.8%19.4%-16.5%3.5K-15.3K-9961.07110.645458399221
2021-12-22$13.46$15.0028.1%8.1%38.6%21.8%23.3%4.1%-4.4%-2.6K10.8K-6791.10104.906167399226
2021-12-23$13.52$15.0030.4%8.7%38.5%24.8%29.3%-4.6%-5.2%2.0K8.9K-8291.10107.906167409226
2021-12-27$13.57$15.0045.2%13.0%32.4%44.0%33.6%3.8%-29.9%6756.9K-7651.79109.153868409226
2021-12-28$13.59$15.0025.9%7.4%31.9%19.0%35.8%82.7%-5.9%5.7K3.2K-6531.79103.643868410227
2021-12-29$13.53$15.0029.2%8.4%29.5%23.2%33.6%105.0%-9.8%5.3K6.5K-6391.84105.083768411227
2021-12-30$13.57$15.0046.9%13.5%29.4%46.3%31.1%-6.4%-53.2%2.4K3.8K-7921.84106.923768410227
2021-12-31$13.54$15.0023.5%6.7%27.8%15.8%28.0%106.3%3.3%4.1K20.0K-5441.8492.633768410227