BDN Options History — September 2022

In September 2022, BDN traded between $6.78 and $8.60. ATM implied volatility averaged 53.8%, placing in the 28.7% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 17.6% (HV 20d: 36.2%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 2.82.

Notable Days

  • 2022-09-07: Highest Volume — 857 contracts
  • 2022-09-26: Largest IV spike — 154.4% change
  • 2022-09-09: Highest IV Rank — 60.7%
  • 2022-09-26: Largest Expected Move — 25.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.80$6.78$8.60$7.99$6.82
Max Pain$8.93$7.50$10.00$10.00$7.50
ATM IV53.8%28.6%98.7%65.2%35.2%
Expected Move12.9%8.2%25.9%18.7%10.1%
HV 20d36.2%28.0%47.3%32.6%47.3%
HV 60d33.8%31.9%37.5%35.1%37.5%
IV Rank28.7%10.8%60.7%36.8%15.4%
IV Percentile56.2%15.9%97.6%86.5%29.8%
Term Structure6.7%-65.7%152.8%-65.7%12.5%
VWIV49.5%31.0%108.9%91.1%31.0%
Skew 25d46.8%-14.8%182.6%-4.3%182.6%
Skew 10d128.8%2.7%249.9%52.1%249.9%
Call IV 25d41.8%22.5%103.3%54.8%54.3%
Put IV 25d88.6%35.4%236.9%50.5%236.9%
Bid-Ask Spread %90.3877.18107.1398.2982.05
Gamma HHI0.860.600.960.790.94
Net GEX-16.8K-32.7K-4.7K-11.4K-19.3K
Net DEX334.0K70.6K893.4K115.7K870.8K
Net VEX-1.4K-2.1K-666-666-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.820.0012.782.000.31
Total Volume138.57108571593
Total OI1,559.191,0092,1041,0092,104

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$7.99$10.0065.2%18.7%32.6%36.8%91.1%-4.3%-65.7%-11.4K115.7K-6662.0098.29510501508
2022-09-02$7.94$7.5069.9%20.0%32.6%40.2%0.0%-14.8%-57.4%-7.0K124.2K-7250.50107.1342506518
2022-09-06$8.03$10.0097.2%14.7%32.8%59.6%62.9%-2.4%-17.7%-4.7K75.9K-7650.81103.28237193510520
2022-09-07$8.19$10.0031.2%10.8%32.2%12.6%38.5%12.1%-12.7%-11.7K70.6K-6762.5782.24240617585520
2022-09-08$8.32$10.0045.9%11.9%28.5%23.1%42.4%18.9%-2.5%-11.6K177.7K-1.6K0.5093.4321586965
2022-09-09$8.39$10.0098.7%10.2%28.0%60.7%0.0%12.5%7.4%-14.2K150.6K-1.4K0.0098.4660586966
2022-09-12$8.60$10.0089.4%10.4%29.7%54.1%36.3%24.3%-11.1%-17.6K77.4K-1.1K0.8097.6854591965
2022-09-13$8.16$10.0081.5%15.3%34.8%48.5%57.0%15.4%-25.3%-12.7K202.4K-1.5K0.51102.2514674593969
2022-09-14$8.35$10.0048.9%14.0%35.6%25.2%47.8%22.9%-17.3%-18.4K163.8K-1.4K0.0090.29055931,055
2022-09-15$8.10$10.0037.5%10.7%36.9%17.1%0.0%28.0%101.6%-17.6K227.6K-1.6K0.0095.02005921,054
2022-09-16$8.24$10.0039.5%11.3%37.6%18.5%50.7%20.6%152.8%-16.0K204.4K-1.5K0.5177.18146745921,054
2022-09-19$8.14$10.0032.0%9.2%36.9%13.2%38.1%14.1%17.3%-32.7K171.9K-1.2K12.3377.446743821,031
2022-09-20$8.03$10.0032.4%9.3%34.5%13.4%32.2%5.8%13.7%-26.8K243.7K-1.5K0.4786.651573801,105
2022-09-21$7.74$7.5050.5%14.5%36.0%26.4%0.0%41.9%-6.3%-18.3K336.6K-1.6K1.5093.25233951,104
2022-09-22$7.70$7.5038.9%11.2%34.5%18.1%38.7%93.9%10.4%-22.4K346.3K-1.7K7.0080.683213951,108
2022-09-23$7.48$7.5035.5%10.2%34.7%15.6%47.5%164.5%47.9%-19.4K420.5K-1.7K12.7890.5891153971,129
2022-09-26$6.95$7.5090.2%25.9%41.6%54.6%108.9%-3.0%-23.6%-13.0K498.5K-1.5K9.5788.71545174031,223
2022-09-27$6.78$7.5032.3%9.2%41.8%13.4%33.6%115.9%9.2%-17.0K893.4K-1.6K0.5987.5644264051,680
2022-09-28$7.07$7.5049.6%14.2%45.5%25.7%50.8%111.2%-9.2%-24.2K765.3K-2.1K0.5083.2744224061,681
2022-09-29$6.78$7.5028.6%8.2%47.0%10.8%33.6%123.7%17.1%-16.3K877.6K-1.6K0.3582.5862224061,680
2022-09-30$6.82$7.5035.2%10.1%47.3%15.4%31.0%182.6%12.5%-19.3K870.8K-1.7K0.3182.0571224241,680