BDN Options History — November 2022

In November 2022, BDN traded between $6.30 and $6.89. ATM implied volatility averaged 48.5%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 9.6% (HV 20d: 38.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.41.

Notable Days

2022-11-07: Highest Volume — 346 contracts
2022-11-28: Largest IV spike — 89.6% change
2022-11-08: Highest IV Rank — 41.0%
2022-11-07: Largest Expected Move — 20.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.59	$6.30	$6.89	$6.63	$6.88
Max Pain	$5.24	$5.00	$7.50	$7.50	$5.00
ATM IV	48.5%	22.7%	84.8%	43.1%	22.7%
Expected Move	13.1%	6.5%	20.7%	12.4%	6.5%
HV 20d	38.9%	33.2%	48.4%	48.4%	40.0%
HV 60d	44.2%	42.0%	45.6%	43.4%	45.6%
IV Rank	19.3%	3.9%	41.0%	16.1%	3.9%
IV Percentile	50.5%	2.0%	92.1%	44.0%	2.0%
Term Structure	4.4%	-41.4%	21.8%	9.1%	13.4%
VWIV	71.4%	36.3%	120.5%	62.1%	107.1%
Skew 25d	31.8%	-17.8%	160.4%	21.8%	157.8%
Skew 10d	30.0%	-50.5%	244.9%	19.8%	244.9%
Call IV 25d	42.8%	19.4%	79.5%	30.5%	79.5%
Put IV 25d	74.6%	37.1%	237.2%	52.3%	237.2%
Bid-Ask Spread %	90.16	38.53	123.72	63.02	89.39
Gamma HHI	0.81	0.73	0.95	0.79	0.85
Net GEX	-4.4K	-8.4K	-2.1K	-4.8K	-7.2K
Net DEX	370.2K	263.9K	435.2K	430.7K	375.9K
Net VEX	-1.3K	-1.8K	-658	-1.5K	-1.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.00	2.43	0.15	0.00
Total Volume	241.714	2	346	252	2
Total OI	1,866.714	1,719	1,926	1,919	1,866

Daily Data (21 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
2022-11-01	$6.63	$7.50	43.1%	12.4%	48.4%	16.1%	62.1%	21.8%	9.1%	-4.8K	430.7K	-1.5K	0.15	63.02	219	33	876	1,043
2022-11-02	$6.53	$7.50	42.3%	12.1%	36.5%	15.6%	68.0%	6.2%	-3.4%	-4.2K	366.0K	-1.7K	0.17	81.59	219	37	876	1,043
2022-11-03	$6.51	$5.00	69.3%	10.0%	35.5%	31.7%	36.3%	34.5%	3.4%	-3.1K	335.3K	-1.7K	0.14	110.19	258	37	876	1,043
2022-11-04	$6.66	$5.00	51.6%	16.3%	33.2%	21.2%	53.9%	119.2%	-11.5%	-4.6K	336.5K	-1.8K	0.14	100.59	258	37	876	1,043
2022-11-07	$6.56	$5.00	76.2%	20.7%	33.8%	35.9%	81.7%	25.5%	-41.4%	-4.1K	390.4K	-1.5K	0.34	123.72	258	88	883	1,043
2022-11-08	$6.50	$5.00	84.8%	18.0%	34.1%	41.0%	82.0%	24.4%	-11.1%	-2.6K	350.6K	-1.3K	0.35	115.88	253	88	883	977
2022-11-09	$6.32	$5.00	49.6%	14.2%	35.4%	20.0%	40.8%	11.3%	12.7%	-2.1K	370.7K	-1.2K	0.33	107.39	251	84	892	987
2022-11-10	$6.77	$5.00	46.5%	13.3%	42.4%	18.1%	45.7%	-16.4%	-14.5%	-3.5K	292.9K	-1.6K	0.42	102.96	199	84	892	987
2022-11-11	$6.89	$5.00	62.2%	17.8%	42.0%	27.5%	59.3%	-17.8%	-20.3%	-4.0K	263.9K	-1.7K	0.41	119.87	203	84	896	987
2022-11-14	$6.63	$5.00	58.8%	16.9%	42.4%	25.5%	59.2%	-14.4%	-16.6%	-4.8K	341.7K	-1.4K	0.42	110.35	191	81	892	987
2022-11-15	$6.61	$5.00	48.5%	13.9%	40.4%	19.3%	118.2%	29.1%	21.8%	-4.8K	379.3K	-1.3K	0.40	115.38	191	76	893	989
2022-11-16	$6.46	$5.00	47.8%	13.7%	38.6%	18.9%	67.5%	18.4%	21.0%	-3.8K	354.9K	-1.3K	0.40	103.32	191	76	893	988
2022-11-17	$6.30	$5.00	37.3%	10.7%	39.7%	12.7%	55.9%	6.2%	19.3%	-3.1K	390.5K	-1.0K	0.45	88.73	191	85	893	988
2022-11-18	$6.45	$5.00	30.6%	8.8%	39.2%	8.7%	43.8%	12.5%	18.7%	-3.7K	396.3K	-1.2K	0.45	78.61	191	85	893	1,011
2022-11-21	$6.45	$5.00	44.6%	12.8%	39.2%	17.0%	105.0%	12.1%	15.0%	-3.9K	398.0K	-1.1K	0.45	74.58	198	89	739	980
2022-11-22	$6.55	$5.00	54.4%	15.6%	38.6%	22.9%	78.4%	26.9%	17.5%	-4.4K	376.8K	-1.2K	0.59	55.41	208	123	762	990
2022-11-23	$6.51	$5.00	45.3%	13.0%	38.7%	17.4%	120.5%	13.1%	14.3%	-5.6K	435.2K	-658	0.64	38.53	209	133	773	1,020
2022-11-25	$6.68	$5.00	26.6%	7.6%	39.6%	6.3%	0.0%	11.3%	16.1%	-5.3K	378.5K	-1.3K	2.43	40.09	14	34	784	1,030
2022-11-28	$6.61	$5.00	50.5%	14.5%	38.9%	20.5%	0.0%	26.3%	16.0%	-4.9K	388.6K	-1.2K	0.00	90.49	13	0	804	1,064
2022-11-29	$6.81	$5.00	25.3%	7.3%	40.1%	5.5%	0.0%	160.4%	13.2%	-8.4K	422.1K	-888	0.00	83.24	5	0	795	1,064
2022-11-30	$6.88	$5.00	22.7%	6.5%	40.0%	3.9%	107.1%	157.8%	13.4%	-7.2K	375.9K	-1.3K	0.00	89.39	2	0	802	1,064