BDN Options History — May 2023

In May 2023, BDN traded between $3.46 and $3.91. ATM implied volatility averaged 81.4%, placing in the 36.7% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 31.4% (HV 20d: 50.0%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 6.52.

Notable Days

  • 2023-05-01: Highest Volume — 863 contracts
  • 2023-05-24: Largest IV spike — 119.0% change
  • 2023-05-04: Highest IV Rank — 76.5%
  • 2023-05-12: Largest Expected Move — 33.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.72$3.46$3.91$3.84$3.91
Max Pain$2.84$2.50$5.00$5.00$2.50
ATM IV81.4%43.0%145.9%79.5%61.4%
Expected Move21.2%12.0%33.2%22.8%17.6%
HV 20d50.0%46.2%55.3%50.0%48.1%
HV 60d48.2%44.4%51.7%44.4%51.7%
IV Rank36.7%13.0%76.5%35.5%24.4%
IV Percentile79.1%34.5%98.4%85.7%65.5%
Term Structure-10.6%-86.4%28.5%-11.0%-18.0%
VWIV88.2%62.3%162.8%91.8%74.4%
Skew 25d15.1%-12.0%52.1%-12.0%22.6%
Skew 10d24.5%-0.6%54.8%0.2%34.4%
Call IV 25d52.5%32.4%80.5%62.8%42.9%
Put IV 25d67.6%37.2%103.5%50.8%65.5%
Bid-Ask Spread %46.9010.73113.3023.4626.04
Gamma HHI0.600.490.880.880.83
Net GEX-6.9K-16.1K-948-5.6K-1.4K
Net DEX1.3M1.0M1.5M1.2M1.4M
Net VEX-2.9K-5.1K-1.4K-3.7K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.520.0044.0018.610.56
Total Volume145.54538638633
Total OI12,521.31811,10613,27511,10612,337

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$3.84$5.0079.5%22.8%50.0%35.5%0.0%-12.0%-11.0%-5.6K1.2M-3.7K18.6123.46448194,2726,834
2023-05-02$3.73$5.00109.1%31.3%50.2%53.8%0.0%49.9%-78.3%-10.6K1.1M-5.0K38.3143.91134984,2927,647
2023-05-03$3.63$5.00101.6%29.1%46.4%49.2%91.8%-9.3%-2.4%-16.0K1.2M-3.8K2.9160.27762214,3018,059
2023-05-04$3.56$2.50145.9%26.9%46.4%76.5%0.0%0.0%-38.3%-16.1K1.3M-4.2K2.57113.307184,3118,278
2023-05-05$3.84$2.5085.8%12.0%55.3%39.4%0.0%12.8%26.3%-6.3K1.2M-3.4K1.2474.8837464,3088,270
2023-05-08$3.81$2.5084.8%12.2%55.3%38.8%0.0%49.2%0.1%-13.6K1.0M-5.1K0.0071.04404,3218,263
2023-05-09$3.81$2.5069.0%12.4%55.1%29.1%0.0%9.9%27.1%-9.2K1.2M-3.7K0.1292.852534,3258,263
2023-05-10$3.79$2.5043.0%12.3%53.8%13.0%0.0%2.7%28.5%-8.7K1.2M-3.6K0.00101.720844,3258,262
2023-05-11$3.75$2.5087.8%25.2%53.8%40.6%0.0%13.5%-11.2%-5.2K1.2M-3.1K0.3363.4645154,3258,262
2023-05-12$3.63$2.50115.7%33.2%54.3%57.9%74.3%52.1%-2.9%-13.7K1.2M-4.2K2.3588.241824274,3258,262
2023-05-15$3.58$2.5074.9%21.5%49.7%32.7%63.8%24.6%27.8%-1.1K1.4M-2.4K44.0023.341444,4838,679
2023-05-16$3.46$2.5063.1%18.1%50.4%25.4%0.0%8.1%-5.7%-3.0K1.4M-1.9K2.0713.7728584,4838,715
2023-05-17$3.65$2.5065.7%18.8%51.5%27.0%0.0%20.2%-4.8%-8.3K1.3M-2.3K1.6712.44354,5098,756
2023-05-18$3.65$2.5061.0%17.5%48.4%24.1%0.0%33.0%6.1%-9481.5M-2.5K0.8021.11544,5128,760
2023-05-19$3.65$2.5062.1%17.8%47.0%24.8%0.0%-3.7%13.8%-3.0K1.4M-1.4K10.2010.73101024,5138,762
2023-05-22$3.73$2.5091.6%26.3%47.8%43.0%0.0%17.6%-18.8%-5.4K1.4M-1.8K0.8583.7313113,3918,742
2023-05-23$3.85$2.5051.8%14.8%46.2%18.4%62.3%-7.6%-4.8%-1.4K1.4M-1.7K0.2534.4997243,4038,751
2023-05-24$3.71$2.50113.4%32.5%48.0%56.5%162.8%5.3%-86.4%-6.2K1.4M-1.9K0.4024.1757233,4558,772
2023-05-25$3.69$2.5096.2%27.6%46.7%45.8%0.0%6.6%-55.2%-7.8K1.3M-2.1K3.0013.72133,5128,791
2023-05-26$3.70$2.5073.5%21.1%46.5%31.8%0.0%1.4%-8.5%-7.3K1.4M-1.9K0.1713.0465113,5128,794
2023-05-30$3.88$2.5053.0%15.2%49.3%19.2%0.0%21.3%-17.2%-1.9K1.4M-1.8K0.5622.1745253,5318,801
2023-05-31$3.91$2.5061.4%17.6%48.1%24.4%74.4%22.6%-18.0%-1.4K1.4M-1.9K0.0026.04033,5368,801