BDN Options History — February 2022

In February 2022, BDN traded between $12.84 and $13.65. ATM implied volatility averaged 48.2%, placing in the 45.9% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 23.1% (HV 20d: 25.0%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.70.

Notable Days

2022-02-01: Highest Volume — 101 contracts
2022-02-28: Largest IV spike — 131.7% change
2022-02-24: Highest IV Rank — 100.0%
2022-02-24: Largest Expected Move — 29.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.19	$12.84	$13.65	$13.09	$13.28
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	48.2%	27.9%	102.6%	47.5%	82.0%
Expected Move	13.5%	8.0%	29.4%	13.6%	23.5%
HV 20d	25.0%	22.7%	26.9%	26.9%	26.8%
HV 60d	29.0%	27.6%	30.0%	30.0%	27.8%
IV Rank	45.9%	21.6%	100.0%	47.1%	77.5%
IV Percentile	81.1%	40.9%	100.0%	90.5%	99.2%
Term Structure	-2.9%	-26.5%	24.7%	-14.9%	-21.2%
VWIV	42.8%	26.6%	107.6%	50.0%	82.0%
Skew 25d	29.1%	3.2%	103.3%	16.1%	57.0%
Skew 10d	37.7%	-19.0%	185.0%	32.3%	23.8%
Call IV 25d	30.4%	16.8%	65.4%	30.5%	30.6%
Put IV 25d	59.4%	29.0%	138.6%	46.5%	87.6%
Bid-Ask Spread %	116.36	101.60	130.17	101.60	115.18
Gamma HHI	0.60	0.55	0.69	0.61	0.59
Net GEX	4.1K	2.3K	7.3K	4.4K	3.7K
Net DEX	-41.8K	-77.6K	-4.7K	-34.6K	-51.6K
Net VEX	-724	-815	-392	-764	-771
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.35	1.25	0.66	0.35
Total Volume	78.842	50	101	101	50
Total OI	431.684	386	486	428	396

Daily Data (19 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
2022-02-01	$13.09	$12.50	47.5%	13.6%	26.9%	47.1%	50.0%	16.1%	-14.9%	4.4K	-34.6K	-764	0.66	101.60	61	40	325	103
2022-02-02	$13.22	$12.50	60.3%	17.3%	25.4%	63.6%	51.9%	3.2%	-26.5%	5.5K	-60.8K	-814	0.82	107.84	49	40	325	103
2022-02-03	$12.98	$12.50	50.4%	8.8%	25.7%	50.8%	32.9%	13.0%	21.5%	4.3K	-47.2K	-815	0.80	123.65	50	40	334	103
2022-02-04	$13.07	$12.50	38.8%	13.2%	24.9%	35.7%	47.3%	82.2%	-3.2%	2.3K	-4.7K	-392	0.80	113.94	50	40	335	103
2022-02-07	$13.05	$12.50	46.3%	12.2%	22.8%	45.5%	32.7%	8.6%	-6.0%	2.9K	-30.1K	-733	0.73	116.12	55	40	335	103
2022-02-08	$12.86	$12.50	42.4%	11.8%	23.0%	40.4%	34.7%	10.6%	0.4%	2.7K	-22.6K	-706	0.82	117.37	49	40	340	103
2022-02-09	$13.15	$12.50	43.5%	12.5%	25.1%	41.8%	38.2%	103.3%	10.0%	4.7K	-39.3K	-746	0.82	111.04	49	40	344	103
2022-02-10	$13.04	$12.50	49.7%	14.3%	24.8%	49.9%	40.7%	34.0%	1.3%	4.6K	-48.2K	-773	0.87	123.49	46	40	344	103
2022-02-11	$13.24	$12.50	40.7%	11.7%	25.5%	38.2%	33.5%	17.5%	2.9%	3.9K	-34.0K	-715	0.87	121.41	46	40	345	103
2022-02-14	$13.20	$12.50	41.1%	11.8%	25.5%	38.7%	32.3%	12.3%	-3.1%	4.4K	-34.3K	-688	0.87	111.29	46	40	345	102
2022-02-15	$13.45	$12.50	27.9%	8.0%	26.4%	21.6%	27.7%	4.1%	21.3%	5.4K	-50.4K	-695	1.25	119.62	32	40	345	102
2022-02-16	$13.65	$12.50	45.8%	13.1%	25.3%	44.8%	33.4%	14.8%	-20.8%	7.3K	-77.6K	-732	0.57	113.10	51	29	346	102
2022-02-17	$13.53	$12.50	49.4%	14.2%	24.7%	49.4%	50.1%	42.3%	-5.4%	3.9K	-38.8K	-691	0.58	122.49	52	30	367	102
2022-02-18	$13.50	$12.50	30.0%	8.6%	23.1%	24.3%	26.6%	8.6%	16.2%	4.3K	-49.5K	-756	0.58	111.91	52	30	384	102
2022-02-22	$13.32	$12.50	34.8%	10.0%	22.7%	30.5%	29.2%	6.4%	-2.7%	3.9K	-55.5K	-778	0.43	114.98	46	20	288	98
2022-02-23	$12.90	$12.50	46.5%	13.3%	25.4%	45.7%	27.1%	14.9%	-26.5%	3.5K	-46.4K	-756	0.65	121.29	34	22	289	98
2022-02-24	$12.84	$12.50	102.6%	29.4%	24.7%	100.0%	107.6%	73.1%	-22.2%	3.0K	-25.5K	-689	0.59	130.17	37	22	288	99
2022-02-25	$13.32	$12.50	35.4%	10.2%	26.7%	26.4%	35.4%	30.1%	24.7%	3.3K	-42.8K	-743	0.35	114.26	37	13	296	99
2022-02-28	$13.28	$12.50	82.0%	23.5%	26.8%	77.5%	82.0%	57.0%	-21.2%	3.7K	-51.6K	-771	0.35	115.18	37	13	297	99