BDN Options History — July 2022

In July 2022, BDN traded between $8.95 and $9.78. ATM implied volatility averaged 52.5%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 18.0% (HV 20d: 34.4%). Max pain ranged from $7.50 to $12.50. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.45.

Notable Days

2022-07-01: Highest Volume — 128 contracts
2022-07-11: Largest IV spike — 201.9% change
2022-07-11: Highest IV Rank — 100.0%
2022-07-15: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.30	$8.95	$9.78	$9.78	$9.37
Max Pain	$7.75	$7.50	$12.50	$12.50	$7.50
ATM IV	52.5%	24.3%	153.9%	44.7%	51.9%
Expected Move	12.0%	7.0%	17.4%	12.8%	14.9%
HV 20d	34.4%	26.6%	42.4%	41.9%	30.8%
HV 60d	34.5%	33.6%	35.9%	33.6%	34.8%
IV Rank	28.6%	7.7%	100.0%	24.6%	27.3%
IV Percentile	55.3%	11.1%	100.0%	61.1%	75.4%
Term Structure	3.7%	-44.7%	146.8%	-19.7%	-44.7%
VWIV	42.9%	29.6%	60.9%	45.2%	48.4%
Skew 25d	24.2%	-38.3%	225.8%	225.8%	-38.3%
Skew 10d	23.8%	-47.2%	303.9%	303.9%	-20.9%
Call IV 25d	49.5%	30.3%	75.9%	53.1%	69.2%
Put IV 25d	73.7%	29.1%	278.9%	278.9%	30.9%
Bid-Ask Spread %	108.32	78.10	130.35	98.36	95.73
Gamma HHI	0.39	0.25	0.61	0.28	0.49
Net GEX	-21	-1.6K	1.5K	-797	1.5K
Net DEX	15.7K	-15.8K	50.9K	42.5K	-15.8K
Net VEX	-304	-477	-218	-436	-258
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.14	0.94	0.36	0.36
Total Volume	74.9	32	128	128	99
Total OI	464.95	325	560	552	429

Daily Data (20 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
2022-07-01	$9.78	$12.50	44.7%	12.8%	41.9%	24.6%	45.2%	225.8%	-19.7%	-797	42.5K	-436	0.36	98.36	94	34	360	192
2022-07-05	$9.56	$7.50	33.1%	15.9%	41.9%	15.4%	56.6%	19.5%	-28.2%	-1.2K	42.8K	-279	0.41	130.35	83	34	368	192
2022-07-06	$9.44	$7.50	70.8%	12.7%	41.8%	45.1%	45.5%	18.1%	23.8%	15	8.8K	-477	0.54	129.08	63	34	371	177
2022-07-07	$9.44	$7.50	28.3%	9.3%	41.2%	11.6%	31.0%	-6.6%	17.3%	-157	28.6K	-389	0.76	112.65	45	34	371	168
2022-07-08	$9.26	$7.50	48.6%	12.5%	41.1%	27.6%	44.7%	169.4%	10.1%	-515	34.6K	-405	0.74	116.17	46	34	372	168
2022-07-11	$8.99	$7.50	146.7%	17.0%	41.4%	100.0%	56.2%	-7.6%	-35.2%	-425	49.5K	-246	0.94	111.96	47	44	374	168
2022-07-12	$9.15	$7.50	153.9%	10.3%	42.4%	100.0%	34.8%	-11.2%	-5.8%	-917	33.4K	-265	0.57	115.41	46	26	376	178
2022-07-13	$9.09	$7.50	35.0%	10.0%	33.2%	15.3%	38.3%	17.1%	10.3%	-591	48.8K	-277	0.37	121.41	46	17	377	178
2022-07-14	$8.95	$7.50	51.1%	14.6%	33.4%	26.8%	43.0%	17.6%	146.8%	-1.6K	50.9K	-232	0.37	126.14	46	17	377	179
2022-07-15	$9.09	$7.50	60.7%	17.4%	32.2%	33.6%	47.4%	10.2%	27.2%	52	45.3K	-356	0.36	120.09	47	17	377	180
2022-07-18	$9.13	$7.50	42.0%	12.0%	26.6%	20.3%	47.0%	-32.5%	-19.8%	-130	3.9K	-284	0.34	121.45	29	10	194	131
2022-07-19	$9.50	$7.50	30.2%	8.7%	29.2%	11.9%	30.3%	-7.7%	44.8%	432	-5.4K	-218	0.29	100.34	34	10	219	131
2022-07-20	$9.53	$7.50	24.3%	7.0%	28.9%	7.7%	29.6%	41.2%	-3.0%	1.0K	-9.6K	-238	0.45	87.54	22	10	224	131
2022-07-21	$9.25	$7.50	40.3%	11.5%	30.7%	19.1%	50.5%	-14.4%	-4.3%	13	-1.1K	-233	0.50	107.36	24	12	225	131
2022-07-22	$9.34	$7.50	30.1%	8.6%	31.0%	11.8%	30.3%	-1.1%	-0.9%	179	-6.1K	-221	0.65	78.10	23	15	229	132
2022-07-25	$9.48	$7.50	37.0%	10.6%	29.1%	16.7%	37.4%	36.6%	-6.1%	727	-11.3K	-315	0.20	92.18	60	12	232	135
2022-07-26	$9.20	$7.50	37.6%	10.8%	30.6%	17.1%	41.6%	24.9%	-15.7%	152	-11.2K	-228	0.14	94.28	84	12	269	135
2022-07-27	$9.17	$7.50	46.3%	13.3%	30.6%	23.3%	60.9%	2.4%	-2.2%	710	-6.1K	-322	0.29	104.84	73	21	285	135
2022-07-28	$9.21	$7.50	37.1%	10.6%	30.5%	16.8%	39.2%	21.2%	-20.6%	994	-7.9K	-404	0.29	102.95	73	21	283	146
2022-07-29	$9.37	$7.50	51.9%	14.9%	30.8%	27.3%	48.4%	-38.3%	-44.7%	1.5K	-15.8K	-258	0.36	95.73	73	26	283	146