BDN Options History — March 2022

In March 2022, BDN traded between $13.05 and $14.49. ATM implied volatility averaged 46.6%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 20.2% (HV 20d: 26.4%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.34.

Notable Days

2022-03-30: Highest Volume — 134 contracts
2022-03-25: Largest IV drop — 49.7% change
2022-03-01: Highest IV Rank — 62.8%
2022-03-11: Largest Expected Move — 24.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.63	$13.05	$14.49	$13.05	$14.26
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	46.6%	16.0%	68.6%	68.6%	19.5%
Expected Move	13.2%	5.4%	24.1%	19.7%	5.4%
HV 20d	26.4%	21.0%	28.7%	27.6%	21.2%
HV 60d	26.1%	24.9%	28.3%	27.4%	25.2%
IV Rank	38.6%	5.2%	62.8%	62.8%	9.0%
IV Percentile	73.1%	3.6%	97.6%	97.6%	8.3%
Term Structure	-19.1%	-44.5%	27.0%	-32.9%	6.5%
VWIV	42.0%	20.5%	80.9%	68.6%	20.5%
Skew 25d	32.6%	-5.6%	121.6%	30.3%	11.0%
Skew 10d	91.8%	0.0%	243.5%	8.7%	11.0%
Call IV 25d	21.5%	10.6%	40.2%	28.4%	14.0%
Put IV 25d	54.2%	21.3%	161.8%	58.7%	25.0%
Bid-Ask Spread %	112.88	97.37	135.01	114.50	97.37
Gamma HHI	0.66	0.55	0.93	0.59	0.90
Net GEX	6.3K	3.6K	13.6K	3.6K	12.6K
Net DEX	-76.1K	-154.0K	-44.5K	-50.5K	-133.8K
Net VEX	-811	-1.0K	-689	-773	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.16	0.53	0.31	0.40
Total Volume	76.913	55	134	55	112
Total OI	439.217	395	509	395	509

Daily Data (23 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
2022-03-01	$13.05	$12.50	68.6%	19.7%	27.6%	62.8%	68.6%	30.3%	-32.9%	3.6K	-50.5K	-773	0.31	114.50	42	13	297	98
2022-03-02	$13.51	$12.50	56.8%	16.3%	28.7%	49.8%	56.8%	104.0%	-13.7%	4.3K	-59.6K	-778	0.30	117.30	44	13	312	98
2022-03-03	$13.57	$12.50	67.2%	19.3%	28.5%	61.2%	67.2%	74.4%	-9.0%	4.5K	-69.5K	-803	0.30	124.47	44	13	314	98
2022-03-04	$13.56	$12.50	63.8%	18.3%	27.6%	57.4%	63.8%	63.6%	-37.7%	4.1K	-60.8K	-775	0.30	108.89	43	13	314	98
2022-03-07	$13.36	$12.50	64.3%	18.4%	28.2%	58.1%	64.3%	121.6%	-22.8%	4.1K	-59.0K	-788	0.30	123.12	43	13	315	98
2022-03-08	$13.44	$12.50	44.9%	23.2%	28.2%	36.8%	80.9%	23.1%	-22.3%	5.0K	-72.0K	-812	0.30	114.61	43	13	317	98
2022-03-09	$13.72	$12.50	45.5%	22.2%	28.3%	37.4%	45.6%	11.9%	-31.0%	5.2K	-62.3K	-735	0.37	115.71	43	16	317	103
2022-03-10	$13.48	$12.50	42.5%	13.0%	28.3%	34.2%	40.1%	6.7%	-20.8%	3.9K	-52.0K	-741	0.37	112.17	43	16	318	103
2022-03-11	$13.33	$12.50	44.6%	24.1%	28.4%	36.5%	60.1%	41.4%	-21.9%	4.0K	-44.5K	-727	0.37	119.26	43	16	318	103
2022-03-14	$13.25	$12.50	48.7%	10.3%	28.0%	40.9%	34.1%	24.5%	-13.3%	4.3K	-45.0K	-708	0.30	100.89	54	16	318	103
2022-03-15	$13.26	$12.50	55.7%	10.3%	28.0%	48.7%	32.5%	52.5%	-44.5%	4.3K	-53.0K	-767	0.30	100.01	54	16	331	103
2022-03-16	$13.41	$12.50	48.0%	9.6%	27.5%	40.2%	33.4%	28.1%	-31.6%	4.3K	-48.1K	-720	0.30	112.93	54	16	331	103
2022-03-17	$13.60	$0.00	48.6%	19.7%	27.4%	40.9%	0.0%	14.1%	6.2%	4.6K	-58.0K	-727	0.30	135.01	54	16	331	103
2022-03-18	$13.51	$0.00	51.3%	7.7%	27.3%	43.9%	32.7%	4.6%	-44.1%	4.0K	-53.1K	-689	0.24	122.90	67	16	331	103
2022-03-21	$13.50	$12.50	51.9%	7.9%	27.3%	44.5%	24.7%	12.8%	-43.3%	5.2K	-57.1K	-710	0.16	114.45	91	15	316	95
2022-03-22	$13.69	$12.50	52.1%	6.7%	27.3%	44.7%	24.7%	15.2%	-40.9%	7.1K	-81.9K	-865	0.16	120.42	96	15	368	95
2022-03-23	$13.54	$12.50	46.4%	8.7%	24.8%	38.4%	29.1%	-5.6%	-42.1%	6.0K	-83.7K	-897	0.46	112.40	48	22	375	95
2022-03-24	$13.75	$12.50	59.7%	9.0%	25.0%	53.0%	27.0%	35.4%	-41.8%	8.3K	-104.2K	-951	0.47	102.98	47	22	377	95
2022-03-25	$13.94	$12.50	30.1%	7.4%	22.1%	20.6%	27.4%	35.6%	9.2%	8.9K	-120.7K	-976	0.53	114.42	58	31	378	95
2022-03-28	$14.03	$12.50	22.1%	8.3%	22.1%	11.8%	32.2%	14.1%	12.3%	9.7K	-115.4K	-911	0.53	104.97	58	31	392	95
2022-03-29	$14.49	$12.50	16.0%	6.7%	23.1%	5.2%	23.3%	10.8%	12.6%	13.6K	-154.0K	-991	0.38	99.19	81	31	392	95
2022-03-30	$14.32	$12.50	23.1%	11.4%	21.0%	13.0%	35.4%	20.5%	27.0%	12.6K	-111.2K	-818	0.30	108.28	103	31	359	95
2022-03-31	$14.26	$12.50	19.5%	5.4%	21.2%	9.0%	20.5%	11.0%	6.5%	12.6K	-133.8K	-1.0K	0.40	97.37	80	32	414	95