BDN Options History — December 2022

In December 2022, BDN traded between $5.99 and $6.75. ATM implied volatility averaged 57.9%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 20.6% (HV 20d: 37.3%). 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 12 of 21 days. Put/call ratio averaged 12.43.

Notable Days

2022-12-07: Highest Volume — 2,023 contracts
2022-12-14: Largest IV drop — 77.0% change
2022-12-06: Highest IV Rank — 58.8%
2022-12-02: Largest Expected Move — 15.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.30	$5.99	$6.75	$6.75	$6.13
Max Pain	$7.26	$5.00	$7.50	$5.00	$7.50
ATM IV	57.9%	26.0%	114.8%	33.5%	41.4%
Expected Move	10.9%	7.5%	15.2%	9.6%	11.9%
HV 20d	37.3%	32.9%	43.7%	40.3%	39.2%
HV 60d	43.6%	38.3%	45.9%	45.5%	38.3%
IV Rank	24.9%	5.9%	58.8%	10.4%	15.1%
IV Percentile	51.4%	5.6%	96.8%	18.7%	35.7%
Term Structure	2.4%	-19.4%	24.6%	13.1%	-5.6%
VWIV	38.4%	26.1%	52.2%	30.8%	45.1%
Skew 25d	17.0%	-121.0%	219.2%	8.3%	-48.3%
Skew 10d	42.8%	-108.8%	287.3%	27.8%	-57.1%
Call IV 25d	75.5%	37.3%	228.4%	43.0%	199.3%
Put IV 25d	92.6%	29.0%	286.1%	51.3%	150.9%
Bid-Ask Spread %	64.38	55.94	87.16	55.94	60.80
Gamma HHI	0.83	0.59	0.95	0.83	0.95
Net GEX	-15.4K	-26.8K	-3.2K	-5.8K	-20.1K
Net DEX	560.0K	370.5K	712.6K	370.5K	712.6K
Net VEX	-1.8K	-2.9K	-958	-1.4K	-2.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	12.43	0.00	182.91	0.00	6.20
Total Volume	136.143	0	2,023	33	72
Total OI	3,587.333	1,870	4,281	1,870	4,281

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
2022-12-01	$6.75	$5.00	33.5%	9.6%	40.3%	10.4%	0.0%	8.3%	13.1%	-5.8K	370.5K	-1.4K	0.00	55.94	33	0	806	1,064
2022-12-02	$6.74	$5.00	53.1%	15.2%	40.2%	22.1%	0.0%	24.3%	5.9%	-5.7K	381.9K	-1.2K	0.00	87.16	0	0	829	1,064
2022-12-05	$6.46	$7.50	84.1%	10.9%	42.3%	40.5%	30.8%	96.9%	-7.6%	-4.1K	403.1K	-958	2.56	65.76	9	23	829	1,064
2022-12-06	$6.24	$7.50	114.8%	11.3%	43.7%	58.8%	50.9%	-16.8%	-9.4%	-3.2K	399.5K	-1.1K	1.61	64.46	18	29	837	1,066
2022-12-07	$6.24	$7.50	108.9%	10.0%	43.6%	55.3%	27.6%	-21.1%	14.7%	-3.4K	407.9K	-1.1K	182.91	64.33	11	2,012	840	1,094
2022-12-08	$6.29	$7.50	91.5%	11.8%	42.6%	45.0%	50.6%	-18.8%	-19.4%	-14.0K	582.5K	-2.4K	14.00	59.85	3	42	842	3,100
2022-12-09	$6.29	$7.50	80.9%	11.9%	34.0%	38.7%	31.9%	-15.4%	-7.3%	-22.8K	520.8K	-2.2K	5.50	63.42	2	11	892	3,139
2022-12-12	$6.28	$7.50	86.9%	12.3%	33.1%	42.2%	32.1%	-20.6%	-19.3%	-14.0K	585.1K	-2.9K	0.25	59.52	8	2	893	3,130
2022-12-13	$6.50	$7.50	113.2%	8.1%	33.3%	57.9%	26.1%	104.4%	5.0%	-15.4K	592.8K	-2.1K	0.21	71.92	62	13	901	3,131
2022-12-14	$6.42	$7.50	26.0%	7.5%	33.5%	5.9%	29.4%	23.3%	11.4%	-17.1K	539.0K	-1.4K	0.09	63.63	11	1	941	3,144
2022-12-15	$6.50	$7.50	28.9%	8.3%	32.9%	7.7%	0.0%	13.5%	9.9%	-14.8K	600.8K	-2.2K	0.00	61.87	0	66	936	3,144
2022-12-16	$6.17	$7.50	36.4%	10.4%	36.8%	12.2%	34.7%	5.3%	9.8%	-18.5K	625.6K	-2.1K	2.24	62.20	17	38	936	3,210
2022-12-19	$6.16	$7.50	37.9%	10.9%	35.6%	13.0%	35.0%	1.5%	6.6%	-23.7K	593.8K	-1.7K	0.67	66.39	30	20	894	3,177
2022-12-20	$6.16	$7.50	35.8%	10.3%	35.6%	11.8%	0.0%	-1.4%	24.6%	-20.4K	632.7K	-1.9K	0.00	61.98	0	30	917	3,195
2022-12-21	$6.13	$7.50	37.5%	10.8%	35.0%	12.8%	0.0%	17.9%	19.8%	-13.9K	685.9K	-2.2K	0.00	62.66	1	0	917	3,225
2022-12-22	$6.13	$7.50	38.2%	10.9%	35.0%	13.2%	39.5%	35.6%	-4.5%	-14.5K	700.0K	-2.5K	0.42	63.44	36	15	918	3,225
2022-12-23	$6.21	$7.50	42.3%	12.1%	33.9%	15.6%	48.5%	28.1%	-14.8%	-19.4K	617.2K	-2.0K	0.00	58.30	2	0	938	3,229
2022-12-27	$6.33	$7.50	34.1%	9.8%	34.7%	10.7%	52.2%	43.3%	-5.2%	-24.7K	531.3K	-1.1K	0.00	60.41	58	0	944	3,229
2022-12-28	$5.99	$7.50	39.2%	11.2%	37.4%	13.8%	40.7%	-121.0%	4.9%	-26.8K	609.3K	-1.4K	4.50	61.11	12	54	950	3,229
2022-12-29	$6.19	$7.50	50.7%	14.5%	39.5%	20.7%	45.1%	219.2%	18.4%	-21.6K	667.1K	-1.8K	2.58	76.90	33	85	957	3,277
2022-12-30	$6.13	$7.50	41.4%	11.9%	39.2%	15.1%	0.0%	-48.3%	-5.6%	-20.1K	712.6K	-2.0K	6.20	60.80	10	62	977	3,304