BDN Options History — February 2024

In February 2024, BDN traded between $3.88 and $4.39. ATM implied volatility averaged 45.3%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 3.6% (HV 20d: 48.9%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.38.

Notable Days

2024-02-01: Highest Volume — 1,384 contracts
2024-02-09: Largest IV spike — 82.5% change
2024-02-13: Highest IV Rank — 37.0%
2024-02-13: Largest Expected Move — 19.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.16	$3.88	$4.39	$4.39	$4.29
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	45.3%	32.6%	67.4%	36.4%	49.1%
Expected Move	12.2%	7.5%	19.3%	10.5%	14.1%
HV 20d	48.9%	42.2%	53.7%	46.7%	52.0%
HV 60d	49.8%	45.2%	54.2%	54.2%	45.2%
IV Rank	19.3%	9.1%	37.0%	12.1%	22.3%
IV Percentile	45.7%	14.3%	86.5%	21.8%	62.7%
Term Structure	3.5%	-13.9%	28.2%	2.1%	-7.6%
VWIV	47.7%	26.3%	69.4%	44.9%	63.8%
Bid-Ask Spread %	65.57	18.27	123.08	65.79	64.18
Gamma HHI	0.75	0.62	0.83	0.67	0.78
Net GEX	11.3K	7.7K	14.3K	13.2K	14.3K
Net DEX	239.1K	42.1K	368.2K	42.1K	188.1K
Net VEX	-3.2K	-4.4K	-2.6K	-3.5K	-3.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.38	0.00	7.20	1.00	0.78
Total Volume	166.45	9	1,384	1,384	16
Total OI	10,698.55	9,395	10,964	9,395	10,960

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-02-01	$4.39	$5.00	36.4%	10.5%	46.7%	12.1%	44.9%	0.0%	2.1%	13.2K	42.1K	-3.5K	1.00	65.79	693	691	6,209	3,186
2024-02-02	$4.33	$5.00	39.1%	7.5%	45.9%	14.3%	26.3%	0.0%	20.0%	13.6K	105.1K	-4.4K	0.64	18.27	87	56	6,817	3,856
2024-02-05	$4.25	$5.00	55.3%	9.9%	43.2%	27.3%	46.2%	0.0%	23.1%	12.4K	194.8K	-3.9K	0.31	75.79	72	22	6,784	3,897
2024-02-06	$4.16	$5.00	58.2%	10.3%	42.3%	29.7%	0.0%	0.0%	0.4%	11.1K	203.9K	-3.6K	0.37	30.10	99	37	6,795	3,804
2024-02-07	$4.05	$5.00	39.1%	11.2%	42.2%	14.3%	50.0%	0.0%	28.2%	9.2K	296.9K	-2.9K	0.00	69.89	0	32	6,829	3,814
2024-02-08	$4.11	$5.00	32.6%	9.3%	43.3%	9.1%	0.0%	0.0%	-0.1%	9.3K	368.2K	-2.6K	0.26	107.31	106	28	6,829	3,814
2024-02-09	$4.13	$5.00	59.5%	17.1%	43.8%	30.7%	0.0%	0.0%	-0.2%	10.4K	340.7K	-2.7K	0.64	68.36	77	49	6,929	3,844
2024-02-12	$4.20	$5.00	47.9%	13.7%	44.5%	21.4%	69.4%	0.0%	19.2%	12.0K	248.9K	-3.2K	1.63	65.36	8	13	6,979	3,873
2024-02-13	$3.88	$5.00	67.4%	19.3%	48.8%	37.0%	0.0%	0.0%	-2.5%	7.7K	327.0K	-2.7K	5.98	105.81	89	532	6,980	3,879
2024-02-14	$3.96	$5.00	43.6%	12.5%	48.8%	17.9%	0.0%	0.0%	-2.4%	9.4K	292.2K	-2.9K	0.38	87.42	52	20	6,998	3,891
2024-02-15	$4.16	$5.00	58.2%	16.7%	53.4%	29.7%	0.0%	0.0%	-1.5%	11.9K	196.3K	-3.4K	2.00	123.08	3	6	7,048	3,911
2024-02-16	$4.25	$5.00	38.1%	10.9%	53.7%	13.5%	49.4%	0.0%	-1.3%	12.1K	293.2K	-3.1K	7.20	87.20	5	36	7,051	3,913
2024-02-20	$4.14	$5.00	32.6%	9.4%	52.6%	9.1%	32.9%	0.0%	17.7%	11.6K	162.2K	-3.4K	0.51	65.02	45	23	6,745	3,828
2024-02-21	$4.19	$5.00	36.2%	10.4%	53.0%	12.0%	0.0%	0.0%	18.3%	11.8K	197.5K	-3.3K	0.02	58.78	42	1	6,755	3,853
2024-02-22	$4.19	$5.00	37.0%	10.6%	53.1%	12.6%	41.7%	0.0%	-9.9%	12.1K	175.9K	-3.3K	3.93	29.36	15	59	6,797	3,853
2024-02-23	$4.13	$5.00	34.0%	9.7%	52.8%	10.2%	33.0%	0.0%	-5.0%	10.3K	316.7K	-2.7K	0.33	64.71	39	13	6,807	3,890
2024-02-26	$4.09	$5.00	53.1%	15.2%	52.3%	25.5%	66.9%	0.0%	-13.9%	10.3K	265.5K	-2.9K	0.16	66.28	91	15	6,835	3,897
2024-02-27	$4.19	$5.00	36.8%	10.5%	53.2%	12.4%	0.0%	0.0%	-7.2%	11.7K	301.1K	-2.9K	0.01	20.79	95	1	6,957	3,906
2024-02-28	$4.17	$5.00	51.1%	14.7%	52.4%	24.0%	0.0%	0.0%	-8.2%	12.1K	266.0K	-3.0K	0.00	37.93	61	0	7,051	3,907
2024-02-29	$4.29	$5.00	49.1%	14.1%	52.0%	22.3%	63.8%	0.0%	-7.6%	14.3K	188.1K	-3.5K	0.78	64.18	9	7	7,053	3,907