BDN Options History — April 2024

In April 2024, BDN traded between $4.21 and $4.70. ATM implied volatility averaged 33.2%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 12.7% (HV 20d: 45.9%). 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 19 of 22 days. Put/call ratio averaged 4.94.

Notable Days

  • 2024-04-04: Highest Volume — 960 contracts
  • 2024-04-12: Largest IV spike — 52.4% change
  • 2024-04-05: Highest IV Rank — 21.3%
  • 2024-04-15: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.42$4.21$4.70$4.70$4.56
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV33.2%20.1%47.3%31.2%25.2%
Expected Move9.4%5.8%13.4%9.0%7.2%
HV 20d45.9%32.6%51.5%32.6%50.4%
HV 60d44.3%41.7%46.5%41.7%42.6%
IV Rank10.2%0.0%21.3%8.6%4.1%
IV Percentile22.5%0.0%59.5%12.3%2.8%
Term Structure8.9%-10.2%19.9%18.6%10.6%
VWIV43.5%22.5%81.0%52.0%27.0%
Skew 25d1.5%1.5%1.5%1.5%1.5%
Skew 10d5.5%5.5%5.5%5.5%5.5%
Call IV 25d28.8%28.8%28.8%28.8%28.8%
Put IV 25d30.3%30.3%30.3%30.3%30.3%
Bid-Ask Spread %30.0011.9371.1723.4867.56
Gamma HHI0.870.810.950.900.81
Net GEX19.1K14.0K28.8K28.8K20.4K
Net DEX756-252.7K310.5K97.4K-209.8K
Net VEX-3.5K-4.3K-2.7K-3.7K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.940.0050.860.040.05
Total Volume203.5596029621
Total OI10,581.4557,37512,39011,5667,834

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$4.70$5.0031.2%9.0%32.6%8.6%52.0%0.0%18.6%28.8K97.4K-3.7K0.0423.48285117,5883,978
2024-04-02$4.58$5.0039.3%11.3%33.6%15.0%51.1%0.0%11.7%23.4K57.0K-3.7K0.5819.54112657,6673,989
2024-04-03$4.34$5.0037.2%10.7%38.9%13.3%42.0%0.0%11.0%17.4K249.5K-3.1K0.3220.1078257,6254,021
2024-04-04$4.33$5.0042.3%11.7%38.8%17.4%45.1%0.0%-10.1%20.0K168.8K-3.1K0.0070.6095917,6663,925
2024-04-05$4.31$5.0047.3%11.1%38.6%21.3%46.9%0.0%0.6%19.4K131.2K-3.5K47.0071.171478,0873,923
2024-04-08$4.46$5.0045.6%12.7%39.8%20.0%44.8%0.0%0.6%23.9K45.4K-3.8K0.2268.421848,0883,897
2024-04-09$4.56$5.0032.7%9.9%40.5%9.7%39.2%0.0%6.3%25.4K22.8K-4.0K0.0068.4211708,0903,898
2024-04-10$4.25$5.0031.1%8.9%47.4%8.5%29.8%0.0%9.5%14.0K310.5K-2.7K0.0420.24267128,1073,898
2024-04-11$4.47$5.0026.2%7.5%50.4%4.5%0.0%0.0%19.6%27.3K-180.4K-3.9K0.0320.8810038,3543,360
2024-04-12$4.33$5.0039.9%11.4%50.6%15.5%45.7%0.0%0.3%17.4K-79.4K-3.5K0.0416.51515218,4483,361
2024-04-15$4.25$5.0046.6%13.4%50.9%20.8%50.0%0.0%-7.5%17.3K15.8K-3.1K3.3328.263108,9093,341
2024-04-16$4.21$5.0035.8%10.3%50.8%12.2%37.6%0.0%11.6%15.6K-5.0K-3.1K0.0820.053738,9103,349
2024-04-17$4.30$5.0045.6%13.1%51.5%20.0%53.6%0.0%-10.2%17.2K-13.8K-3.3K0.0120.7425538,8793,349
2024-04-18$4.25$5.0037.4%10.7%47.4%13.5%48.5%0.0%13.8%15.0K60.9K-2.8K50.8615.9973568,6903,349
2024-04-19$4.36$5.0025.7%7.4%48.4%4.1%0.0%0.0%15.8%14.7K139.8K-3.3K1.7718.59571018,6923,698
2024-04-22$4.44$5.0023.1%6.6%47.9%2.1%23.4%0.0%14.4%15.2K-31.9K-3.4K0.1918.82188355,9331,442
2024-04-23$4.62$5.0020.1%5.8%49.8%0.0%22.5%0.0%19.9%19.2K-225.8K-4.2K3.6115.44822965,9691,475
2024-04-24$4.50$5.0023.0%6.6%50.4%2.3%81.0%0.0%17.0%17.0K-125.9K-3.8K0.0612.141616,0071,733
2024-04-25$4.41$5.0027.2%7.8%50.7%5.7%0.0%0.0%13.9%15.7K-94.9K-3.6K0.0016.54506,0121,732
2024-04-26$4.46$5.0026.1%7.5%49.5%4.8%0.0%0.0%13.1%16.6K-62.8K-3.6K0.2611.9338106,0121,726
2024-04-29$4.61$5.0022.7%6.5%51.1%2.1%0.0%0.0%16.3%19.4K-252.7K-4.3K0.1414.55274386,0451,736
2024-04-30$4.56$5.0025.2%7.2%50.4%4.1%27.0%1.5%10.6%20.4K-209.8K-4.1K0.0567.562016,0981,736