BDN Options History — October 2023

In October 2023, BDN traded between $3.71 and $4.38. ATM implied volatility averaged 44.9%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 14.7% (HV 20d: 59.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 3.55.

Notable Days

  • 2023-10-24: Highest Volume — 733 contracts
  • 2023-10-31: Largest IV spike — 79.3% change
  • 2023-10-31: Highest IV Rank — 54.7%
  • 2023-10-31: Largest Expected Move — 25.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.99$3.71$4.38$4.38$3.71
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV44.9%25.9%89.4%38.4%89.4%
Expected Move11.7%7.4%25.6%11.0%25.6%
HV 20d59.7%38.2%66.0%53.1%38.2%
HV 60d49.5%45.4%51.5%45.4%47.6%
IV Rank17.2%2.9%54.7%10.5%54.7%
IV Percentile42.6%2.8%94.4%29.8%94.4%
Term Structure2.9%-19.0%43.4%-13.0%43.4%
VWIV57.6%30.4%102.5%52.5%59.8%
Skew 25d-102.0%-174.0%22.0%22.0%-174.0%
Skew 10d-132.2%-216.9%42.8%42.8%-216.9%
Call IV 25d221.5%54.1%319.3%54.1%319.3%
Put IV 25d119.5%76.1%146.2%76.1%145.3%
Bid-Ask Spread %20.026.0268.126.027.09
Gamma HHI0.830.511.000.990.51
Net GEX10.2K2.0K30.3K30.3K2.0K
Net DEX91.9K-44.8K268.9K49.1K44.6K
Net VEX-2.7K-3.5K-2.0K-3.5K-3.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.550.0323.431.820.13
Total Volume162.136147333170
Total OI10,678.6366,26512,69412,5367,540

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$4.38$5.0038.4%11.0%53.1%10.5%0.0%22.0%-13.0%30.3K49.1K-3.5K1.826.0211207,9044,632
2023-10-03$3.90$5.0048.6%13.9%65.1%16.8%52.5%-122.4%-18.6%8.5K268.9K-2.5K8.9544.19221977,8854,651
2023-10-04$3.95$5.0048.1%13.8%64.8%16.5%49.3%-96.2%-19.0%10.1K187.8K-2.3K0.4268.12121517,8794,386
2023-10-05$3.99$5.0046.7%9.1%65.3%15.6%0.0%-123.0%16.1%10.2K164.7K-2.4K0.2747.321137,8924,374
2023-10-06$3.98$5.0053.9%9.1%65.3%20.1%75.7%-61.8%14.9%9.6K87.8K-3.0K0.399.1531127,8944,367
2023-10-09$4.06$5.0054.1%8.4%65.5%20.2%84.3%-47.1%14.7%11.3K160.9K-2.4K1.1513.1020237,9084,378
2023-10-10$4.08$5.0058.5%8.8%65.2%22.9%0.0%-154.4%17.5%11.8K133.5K-2.6K3.1410.737227,9134,386
2023-10-11$4.20$5.0025.9%7.4%66.0%2.9%0.0%-161.6%19.5%11.8K52.3K-3.1K0.968.3627267,9154,406
2023-10-12$4.14$5.0027.0%7.7%61.3%3.5%0.0%-174.0%16.9%12.0K110.1K-2.8K0.0417.635327,9244,418
2023-10-13$4.04$5.0029.9%8.6%61.5%6.9%0.0%0.0%9.6%10.8K137.9K-2.6K1.1727.4923277,9754,420
2023-10-16$4.21$5.0028.2%8.1%64.1%5.6%30.4%0.0%16.0%13.7K104.0K-2.7K11.0023.542227,9734,447
2023-10-17$4.29$5.0028.5%8.2%64.4%5.8%0.0%0.0%18.7%15.0K65.0K-2.8K0.4426.7755247,9744,438
2023-10-18$4.12$5.0032.4%9.3%65.5%8.9%0.0%0.0%19.8%11.6K124.3K-2.6K0.0316.19483158,0184,462
2023-10-19$3.94$5.0039.9%11.4%56.0%14.9%0.0%0.0%-4.1%10.0K123.6K-2.5K5.2119.12623238,0214,474
2023-10-20$3.94$5.0040.5%11.6%56.1%15.5%45.5%0.0%-4.4%11.6K88.7K-2.7K5.4634.47522847,9954,699
2023-10-23$3.88$5.0038.6%11.1%56.1%13.9%102.5%0.0%-6.0%9.1K893-2.0K0.0420.128943,8302,435
2023-10-24$3.95$5.0039.5%11.3%56.4%14.7%40.9%0.0%-12.6%8.7K-44.8K-2.8K23.436.04307033,8682,437
2023-10-25$3.79$5.0044.3%12.7%56.7%18.5%45.9%0.0%-14.8%4.3K29.3K-2.5K0.448.24100443,8933,221
2023-10-26$3.76$5.0048.7%14.0%55.3%22.0%52.8%0.0%-15.8%2.8K59.5K-2.9K2.8113.4716453,9673,241
2023-10-27$3.73$5.0077.7%22.3%55.2%45.3%0.0%0.0%-16.3%4.7K35.8K-2.1K0.116.135663,9773,241
2023-10-30$3.79$5.0049.8%14.3%55.3%22.9%51.9%0.0%-19.0%4.8K36.8K-3.3K10.667.07323414,0273,245
2023-10-31$3.71$5.0089.4%25.6%38.2%54.7%59.8%0.0%43.4%2.0K44.6K-3.0K0.137.096284,0353,505