BDN Options History — March 2024

In March 2024, BDN traded between $4.21 and $4.75. ATM implied volatility averaged 40.8%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 5.4% (HV 20d: 35.4%). 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 13 of 20 days. Put/call ratio averaged 0.67.

Notable Days

2024-03-20: Highest Volume — 453 contracts
2024-03-25: Largest IV spike — 91.2% change
2024-03-12: Highest IV Rank — 36.8%
2024-03-21: Largest Expected Move — 14.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.46	$4.21	$4.75	$4.28	$4.75
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	40.8%	20.5%	67.2%	50.4%	26.8%
Expected Move	9.9%	5.9%	14.6%	14.5%	7.7%
HV 20d	35.4%	25.1%	43.8%	43.6%	32.3%
HV 60d	42.7%	40.5%	45.4%	45.2%	42.6%
IV Rank	15.8%	0.0%	36.8%	23.4%	5.0%
IV Percentile	37.9%	0.0%	88.5%	65.9%	2.0%
Term Structure	8.2%	-7.7%	23.9%	12.6%	13.5%
VWIV	44.2%	19.2%	108.7%	54.1%	33.1%
Bid-Ask Spread %	21.83	10.86	64.88	64.88	30.60
Gamma HHI	0.86	0.77	0.94	0.77	0.87
Net GEX	18.7K	13.2K	31.3K	14.5K	31.3K
Net DEX	166.5K	-115.5K	318.6K	112.8K	20.8K
Net VEX	-3.3K	-4.4K	-2.6K	-3.7K	-4.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.00	8.00	0.00	0.00
Total Volume	91.15	6	453	18	62
Total OI	11,148.45	10,967	11,522	10,967	11,522

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
2024-03-01	$4.28	$5.00	50.4%	14.5%	43.6%	23.4%	0.0%	0.0%	12.6%	14.5K	112.8K	-3.7K	0.00	64.88	18	0	7,060	3,907
2024-03-04	$4.21	$5.00	53.3%	13.6%	43.7%	25.7%	54.1%	0.0%	-6.3%	13.2K	166.0K	-3.4K	0.00	11.89	32	0	7,062	3,907
2024-03-05	$4.29	$5.00	54.9%	9.6%	43.8%	27.0%	0.0%	0.0%	14.4%	13.6K	265.0K	-3.0K	0.00	20.66	20	0	7,081	3,907
2024-03-06	$4.33	$5.00	48.7%	8.4%	43.1%	22.0%	0.0%	0.0%	18.2%	13.6K	314.0K	-2.8K	1.43	14.95	14	20	7,081	3,907
2024-03-07	$4.37	$5.00	54.4%	12.3%	41.8%	26.6%	0.0%	0.0%	-6.3%	16.0K	112.3K	-3.6K	0.00	16.26	50	0	7,094	3,887
2024-03-08	$4.47	$5.00	51.9%	11.1%	42.2%	24.6%	44.7%	0.0%	-3.6%	18.3K	58.5K	-3.8K	0.15	19.39	48	7	7,104	3,887
2024-03-11	$4.47	$5.00	59.9%	11.7%	42.2%	31.0%	45.5%	0.0%	-1.1%	18.0K	46.6K	-3.9K	0.02	19.44	161	3	7,087	3,894
2024-03-12	$4.38	$5.00	67.2%	8.7%	42.7%	36.8%	31.0%	0.0%	12.1%	15.3K	305.0K	-2.8K	8.00	15.42	3	24	7,247	3,896
2024-03-13	$4.46	$5.00	26.9%	7.7%	30.3%	4.5%	0.0%	0.0%	21.9%	17.0K	238.9K	-3.2K	0.50	14.90	4	2	7,250	3,892
2024-03-14	$4.33	$5.00	29.0%	8.3%	32.5%	6.3%	33.2%	0.0%	-1.3%	13.7K	318.6K	-2.7K	0.14	21.34	66	9	7,252	3,892
2024-03-15	$4.37	$5.00	30.7%	8.8%	28.0%	7.6%	0.0%	0.0%	-1.4%	15.1K	266.8K	-2.9K	0.24	23.41	17	4	7,305	3,893
2024-03-18	$4.41	$5.00	27.1%	7.8%	27.2%	4.7%	108.7%	0.0%	23.9%	14.9K	306.8K	-2.6K	0.11	10.86	71	8	7,151	3,844
2024-03-19	$4.42	$5.00	33.9%	9.7%	25.1%	10.1%	0.0%	0.0%	19.8%	16.7K	262.9K	-2.8K	0.00	15.10	25	0	7,170	3,852
2024-03-20	$4.66	$5.00	32.0%	9.2%	30.6%	8.6%	24.5%	0.0%	0.5%	26.1K	86.3K	-3.6K	0.00	24.18	453	0	7,171	3,852
2024-03-21	$4.70	$5.00	50.9%	14.6%	30.5%	23.8%	50.0%	0.0%	-7.7%	26.9K	-115.5K	-4.4K	0.27	33.64	253	68	7,469	3,852
2024-03-22	$4.56	$5.00	20.5%	5.9%	32.4%	0.0%	19.2%	0.0%	6.3%	18.1K	213.7K	-3.1K	0.58	17.29	92	53	7,471	3,812
2024-03-25	$4.63	$5.00	39.2%	11.2%	32.1%	14.9%	57.3%	0.0%	21.2%	26.0K	-25.1K	-4.1K	0.42	26.33	31	13	7,510	3,888
2024-03-26	$4.56	$5.00	26.1%	7.5%	32.2%	4.5%	28.7%	0.0%	17.4%	20.3K	247.5K	-3.1K	0.62	12.49	55	34	7,540	3,901
2024-03-27	$4.61	$5.00	32.1%	9.2%	32.1%	9.3%	33.1%	0.0%	9.5%	25.1K	128.7K	-3.6K	0.94	23.67	53	50	7,544	3,928
2024-03-28	$4.75	$5.00	26.8%	7.7%	32.3%	5.0%	0.0%	0.0%	13.5%	31.3K	20.8K	-4.0K	0.00	30.60	62	0	7,544	3,978