BDN Options History — June 2023

In June 2023, BDN traded between $3.88 and $4.64. ATM implied volatility averaged 43.7%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 6.3% (HV 20d: 49.9%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 7.81.

Notable Days

  • 2023-06-22: Highest Volume — 548 contracts
  • 2023-06-15: Largest IV drop — 34.9% change
  • 2023-06-12: Highest IV Rank — 32.0%
  • 2023-06-02: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.39$3.88$4.64$3.88$4.63
Max Pain$4.76$2.50$5.00$2.50$5.00
ATM IV43.7%23.5%73.8%56.2%35.6%
Expected Move10.7%6.7%16.3%16.1%10.2%
HV 20d49.9%44.0%54.9%46.9%54.5%
HV 60d52.1%48.4%55.9%51.5%49.9%
IV Rank13.4%1.0%32.0%21.2%8.4%
IV Percentile32.7%1.2%79.0%58.7%17.9%
Term Structure10.3%-19.7%24.3%-19.7%21.7%
VWIV49.2%22.2%143.4%89.1%47.8%
Skew 25d22.0%7.4%49.6%21.6%30.4%
Skew 10d37.6%19.6%51.3%33.0%47.3%
Call IV 25d45.7%28.9%58.2%43.4%45.0%
Put IV 25d67.7%56.0%78.5%65.0%75.3%
Bid-Ask Spread %31.779.8165.059.8145.00
Gamma HHI0.990.881.000.881.00
Net GEX-7.4K-16.6K5.4K-489-16.2K
Net DEX1.4M982.8K1.6M1.5M1.4M
Net VEX-3.0K-4.6K-1.5K-1.7K-3.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.810.02136.007.130.58
Total Volume143.429354865147
Total OI12,799.33312,33913,38512,33913,385

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$3.88$2.5056.2%16.1%46.9%21.2%0.0%21.6%-19.7%-4891.5M-1.7K7.139.818573,5368,803
2023-06-02$4.12$2.5056.8%16.3%50.2%21.5%0.0%34.2%-16.9%-3.0K1.4M-2.4K0.4837.7663303,5418,854
2023-06-05$4.04$5.0059.0%10.9%44.0%22.9%89.1%26.9%19.9%-1.4K1.5M-2.0K0.2340.9644103,5568,858
2023-06-06$4.29$5.0059.9%13.4%48.3%23.4%54.7%11.7%-5.3%-10.0K1.2M-3.8K0.0241.3316133,5718,858
2023-06-07$4.58$5.0045.4%12.8%52.6%14.5%45.6%16.3%0.2%-16.6K985.3K-4.6K0.0225.0138763,7498,857
2023-06-08$4.50$5.0049.9%12.3%53.2%17.2%42.7%27.1%-4.5%-13.5K982.8K-4.4K0.5051.711263,8548,860
2023-06-09$4.44$5.0061.6%11.8%53.4%24.5%55.4%49.6%19.6%-11.8K992.5K-4.2K0.1342.243143,8658,860
2023-06-12$4.44$5.0073.8%8.7%51.2%32.0%38.2%28.1%17.6%-8.4K1.4M-2.9K0.2211.752353,8918,860
2023-06-13$4.46$5.0053.9%7.2%50.5%19.8%22.2%13.7%20.3%-4.4K1.4M-2.5K0.1314.14116153,8748,864
2023-06-14$4.46$5.0049.3%14.1%47.9%16.9%50.0%13.3%-2.8%-13.4K1.0M-4.1K2.0911.481222553,9838,867
2023-06-15$4.46$5.0032.1%9.2%45.5%6.3%35.1%19.7%-7.6%-9.3K1.4M-3.1K0.009.96034,0028,902
2023-06-16$4.49$5.0030.0%8.6%45.4%5.0%0.0%27.5%24.3%-9.3K1.4M-3.0K0.8510.9013113,9598,903
2023-06-20$4.42$5.0035.6%10.2%46.2%8.4%45.8%16.9%20.7%-7.7K1.5M-3.0K0.7112.53136973,6928,907
2023-06-21$4.38$5.0031.9%9.1%46.4%6.1%36.8%24.5%20.9%-2.6K1.6M-2.5K0.2940.611443,7098,967
2023-06-22$4.25$5.0034.1%9.8%47.4%7.5%37.1%12.8%18.0%6251.6M-2.2K136.0038.9345443,7158,968
2023-06-23$4.11$5.0034.8%10.0%47.0%8.0%34.0%7.4%13.9%5.4K1.6M-1.5K5.4037.455273,7189,339
2023-06-26$4.46$5.0034.2%9.8%54.1%7.6%0.0%20.4%16.4%-5.7K1.6M-2.6K0.8139.8137303,7189,369
2023-06-27$4.63$5.0023.5%6.7%54.9%1.0%24.5%19.5%21.0%-7.4K1.6M-2.8K0.4640.00173793,7179,389
2023-06-28$4.53$5.0031.0%8.9%54.3%5.6%143.4%17.3%16.9%-5.9K1.6M-2.6K0.1365.0580103,7949,416
2023-06-29$4.64$5.0028.6%8.2%54.6%4.1%34.7%23.3%22.1%-13.7K1.5M-3.2K0.1340.75212283,8409,416
2023-06-30$4.63$5.0035.6%10.2%54.5%8.4%47.8%30.4%21.7%-16.2K1.4M-3.4K0.5845.0093543,9689,417