BDN Options History — July 2023

In July 2023, BDN traded between $4.46 and $5.05. ATM implied volatility averaged 44.8%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 8.6% (HV 20d: 53.4%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.61.

Notable Days

  • 2023-07-11: Highest Volume — 1,072 contracts
  • 2023-07-10: Largest IV spike — 35.3% change
  • 2023-07-31: Highest IV Rank — 19.4%
  • 2023-07-31: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.71$4.46$5.05$4.83$5.05
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV44.8%38.6%53.3%42.2%53.3%
Expected Move12.7%11.1%15.3%12.1%15.3%
HV 20d53.4%47.5%57.4%52.6%55.6%
HV 60d51.2%49.1%53.2%50.6%51.7%
IV Rank14.1%10.3%19.4%12.5%19.4%
IV Percentile38.7%26.6%56.3%33.7%56.3%
Term Structure3.7%-13.7%27.5%2.5%-5.9%
VWIV44.9%36.8%54.3%39.7%53.2%
Skew 25d27.6%5.2%64.7%27.1%21.2%
Skew 10d7.1%-98.2%60.9%26.4%34.1%
Call IV 25d47.7%37.4%79.6%49.1%37.4%
Put IV 25d75.3%48.2%126.7%76.3%58.6%
Bid-Ask Spread %35.6410.7398.2467.5229.12
Gamma HHI0.960.791.001.000.99
Net GEX-6.3K-48.7K33.5K-32.4K33.5K
Net DEX474.0K-1.0M1.4M945.1K-1.0M
Net VEX-4.4K-5.1K-3.4K-4.3K-5.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.003.761.131.58
Total Volume256.2471,072187320
Total OI12,232.27,03314,92913,4548,205

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$4.83$5.0042.2%12.1%52.6%12.5%39.7%27.1%2.5%-32.4K945.1K-4.3K1.1367.5288994,0279,427
2023-07-05$4.54$5.0049.9%14.3%57.4%17.3%54.3%7.2%-13.7%-21.0K995.1K-4.3K0.1975.83198383,9569,477
2023-07-06$4.46$5.0043.7%11.1%54.3%13.5%36.8%40.6%12.4%-13.8K1.4M-3.4K0.6798.2436243,9979,448
2023-07-07$4.67$5.0038.6%11.9%51.6%10.3%41.6%5.2%10.5%-34.8K861.0K-4.4K0.0926.044444,0039,459
2023-07-10$4.63$5.0052.2%12.5%51.3%18.7%43.6%24.6%10.7%-30.1K933.9K-4.2K0.0019.724704,0249,459
2023-07-11$4.71$5.0042.2%12.6%51.3%12.5%44.0%61.6%7.0%-35.4K921.5K-4.0K0.0529.541,018544,0329,526
2023-07-12$4.66$5.0048.6%13.9%51.5%16.4%48.5%64.5%-0.5%-26.4K876.8K-5.0K0.4833.9294454,9939,476
2023-07-13$4.67$5.0049.6%14.2%51.5%17.1%50.8%64.7%-1.0%-25.4K1.0M-4.7K0.6931.4432225,0759,469
2023-07-14$4.63$5.0040.0%11.5%51.6%11.2%40.5%57.5%7.8%-19.7K1.0M-4.5K0.0069.075205,1029,489
2023-07-17$4.58$5.0039.6%11.4%51.8%10.9%40.1%13.4%6.5%-10.8K1.2M-4.1K3.7610.7317645,1449,489
2023-07-18$4.67$5.0048.4%13.9%52.2%16.4%48.5%39.6%1.7%-21.5K1.1M-4.3K0.1525.91286445,1519,475
2023-07-19$4.92$5.0046.1%13.2%54.6%14.9%46.1%19.5%3.0%-48.7K167.1K-5.0K0.1117.88382415,2589,453
2023-07-20$4.72$5.0048.3%13.9%56.9%16.3%48.4%16.5%27.5%19.5K1.2M-4.2K0.7138.4035255,4519,468
2023-07-21$4.64$5.0043.5%12.5%56.1%13.3%43.5%16.3%5.3%18.5K1.3M-4.1K1.3833.1629405,4489,481
2023-07-24$4.63$5.0041.6%11.9%54.4%12.1%42.0%16.0%4.4%19.5K-390.9K-3.9K0.2414.05150363,7273,306
2023-07-25$4.51$5.0040.6%11.6%47.5%11.5%48.9%6.2%-1.3%16.0K-328.7K-3.9K0.0414.921,034383,7613,325
2023-07-26$4.92$5.0042.4%12.2%55.2%12.6%42.4%20.1%-1.9%25.8K-864.1K-5.0K0.0719.64363264,4993,342
2023-07-27$4.83$5.0043.4%12.4%55.0%13.2%43.6%16.2%-1.3%29.7K-795.8K-4.9K0.6929.78104724,7283,346
2023-07-28$4.99$5.0041.8%12.0%55.5%12.3%41.8%14.1%0.9%32.1K-965.9K-5.1K0.1127.96111124,7433,405
2023-07-31$5.05$5.0053.3%15.3%55.6%19.4%53.2%21.2%-5.9%33.5K-1.0M-5.1K1.5829.121241964,7893,416