BDN Options History — November 2023

In November 2023, BDN traded between $3.73 and $4.50. ATM implied volatility averaged 51.6%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded below realized volatility by 10.5% (HV 20d: 62.1%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 2.06.

Notable Days

  • 2023-11-03: Highest Volume — 578 contracts
  • 2023-11-13: Largest IV spike — 70.6% change
  • 2023-11-01: Highest IV Rank — 47.1%
  • 2023-11-01: Largest Expected Move — 22.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.09$3.73$4.50$3.73$4.44
Max Pain$2.89$2.50$5.00$5.00$2.50
ATM IV51.6%32.6%79.9%79.9%63.9%
Expected Move13.7%7.0%22.9%22.9%18.3%
HV 20d62.1%37.9%71.9%37.9%71.4%
HV 60d56.2%47.6%60.4%47.6%60.4%
IV Rank24.3%9.1%47.1%47.1%34.2%
IV Percentile58.0%17.1%89.7%89.7%81.0%
Term Structure-2.0%-14.7%24.2%-14.7%11.7%
VWIV91.5%27.6%238.0%65.9%238.0%
Bid-Ask Spread %29.7910.1398.5114.5598.51
Gamma HHI0.900.501.000.501.00
Net GEX11.5K78328.3K78326.0K
Net DEX-19.9K-403.1K98.1K98.1K-241.7K
Net VEX-2.1K-3.5K-1.4K-1.8K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.060.0022.330.251.24
Total Volume110.476357831947
Total OI7,997.2867,4028,2987,5478,253

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$3.73$5.0079.9%22.9%37.9%47.1%65.9%0.0%-14.7%78398.1K-1.8K0.2514.55255644,0263,521
2023-11-02$4.04$0.0050.6%8.8%47.8%23.6%0.0%0.0%0.7%9.9K25.8K-1.8K0.6714.0099663,9413,461
2023-11-03$4.28$0.0041.2%7.0%51.9%16.0%27.6%0.0%20.6%16.4K-200.1K-2.8K0.1310.13512664,0323,456
2023-11-06$4.16$5.0049.5%7.7%52.7%22.7%0.0%0.0%24.2%14.9K-192.4K-3.0K0.0717.60278204,4663,495
2023-11-07$3.98$5.0055.4%9.5%55.1%27.4%153.9%0.0%-0.3%7.5K78.4K-1.5K0.4518.9933154,5073,503
2023-11-08$3.95$2.5039.1%11.2%54.0%14.3%65.4%0.0%-0.6%7.5K-4.2K-2.1K6.6720.053204,5203,511
2023-11-09$3.80$2.5044.0%12.6%55.3%18.2%0.0%0.0%-7.8%4.2K51.8K-1.6K0.0818.231214,5223,511
2023-11-10$3.85$2.5039.7%11.4%55.1%14.8%0.0%0.0%-7.7%6.6K49.3K-1.6K2.0016.67124,5313,515
2023-11-13$3.73$2.5067.7%19.4%53.5%37.3%0.0%0.0%-14.4%3.3K81.7K-2.8K3.2517.204134,5323,515
2023-11-14$4.25$2.5039.0%11.2%71.9%14.2%52.5%0.0%-0.6%14.5K-18.8K-2.1K0.2626.32142374,5323,519
2023-11-15$4.31$2.5032.6%9.3%70.5%9.1%0.0%0.0%-0.4%14.9K9.0K-2.0K0.6720.2389604,6693,532
2023-11-16$4.14$2.5054.6%15.7%70.1%26.7%79.9%0.0%-1.6%12.9K28.3K-2.0K1.6733.7412204,6973,583
2023-11-17$4.17$2.5064.2%18.4%70.1%34.5%0.0%0.0%-1.8%12.1K62.3K-1.8K0.2540.61414,6983,600
2023-11-20$4.14$2.5040.0%11.5%69.9%15.0%48.7%0.0%-3.0%12.4K55.5K-1.7K0.1220.812634,4643,529
2023-11-21$4.03$2.5043.9%12.6%70.5%18.2%0.0%0.0%-10.6%8.9K71.4K-1.6K0.6719.88324,4643,533
2023-11-22$4.04$2.5045.2%13.0%68.7%19.2%0.0%0.0%-11.0%9.5K79.2K-1.6K0.3419.88127434,4653,535
2023-11-24$4.05$2.5047.5%13.6%68.5%21.1%0.0%0.0%-12.1%8.1K93.7K-1.5K2.0018.88124,4913,535
2023-11-27$4.08$2.5048.5%13.9%68.4%21.9%0.0%0.0%-14.0%8.0K96.6K-1.4K22.3315.233674,4923,537
2023-11-28$4.30$2.5074.3%21.3%70.4%42.5%238.0%0.0%-11.7%14.5K-403.1K-3.5K0.0067.327704,4923,599
2023-11-29$4.50$2.5062.8%18.0%70.9%33.3%0.0%0.0%12.1%28.3K-238.0K-3.2K0.0596.718644,5603,599
2023-11-30$4.44$2.5063.9%18.3%71.4%34.2%0.0%0.0%11.7%26.0K-241.7K-3.2K1.2498.5121264,6583,595