BDN Options History — May 2024

In May 2024, BDN traded between $4.46 and $4.94. ATM implied volatility averaged 31.9%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 2.5% (HV 20d: 34.3%). 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 16 of 22 days. Put/call ratio averaged 1.12.

Notable Days

  • 2024-05-06: Highest Volume — 146 contracts
  • 2024-05-29: Largest IV spike — 62.3% change
  • 2024-05-29: Highest IV Rank — 35.6%
  • 2024-05-29: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.70$4.46$4.94$4.61$4.67
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV31.9%21.2%44.8%24.0%29.3%
Expected Move8.6%6.3%12.8%6.9%8.4%
HV 20d34.3%27.4%46.5%46.3%30.1%
HV 60d39.1%37.6%42.4%42.4%38.5%
IV Rank13.2%0.9%35.6%3.1%13.3%
IV Percentile22.6%0.8%63.9%2.8%14.3%
Term Structure6.5%-11.6%18.6%14.7%-11.6%
VWIV31.1%21.5%43.3%25.7%28.8%
Skew 25d17.1%-9.9%272.8%1.5%11.0%
Skew 10d23.8%-16.0%386.8%7.2%10.7%
Call IV 25d29.7%22.0%36.5%30.3%31.6%
Put IV 25d46.8%22.8%309.2%31.8%42.6%
Bid-Ask Spread %84.8841.42114.3494.6057.39
Gamma HHI0.860.770.910.790.91
Net GEX26.1K19.5K38.0K21.1K29.3K
Net DEX-260.5K-563.3K30.2K-277.0K-36.7K
Net VEX-4.1K-4.8K-3.1K-4.3K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.025.000.255.00
Total Volume49114656
Total OI8,073.4557,8368,2547,8558,254

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$4.61$5.0024.0%6.9%46.3%3.1%25.7%1.5%14.7%21.1K-277.0K-4.3K0.2594.60416,1181,737
2024-05-02$4.69$5.0023.8%6.8%46.5%3.0%0.0%0.9%13.3%22.8K-316.3K-4.4K1.6486.8647776,0991,737
2024-05-03$4.67$5.0023.9%6.9%46.5%3.1%26.4%7.0%17.0%21.4K-303.2K-4.5K0.1091.152936,1301,797
2024-05-06$4.75$5.0021.2%8.3%45.4%0.9%28.9%-5.3%9.2%25.5K-256.7K-4.2K0.3095.34112346,1571,800
2024-05-07$4.67$5.0028.2%7.4%45.4%8.5%0.0%-6.3%7.8%23.8K-284.8K-4.4K0.0097.000106,2451,770
2024-05-08$4.63$5.0032.9%6.3%37.0%13.4%0.0%4.1%17.0%23.5K-224.9K-4.1K5.0097.61156,2451,770
2024-05-09$4.75$5.0034.6%8.2%33.8%15.2%0.0%-9.9%-0.1%27.0K-329.4K-4.4K0.0096.06016,2451,775
2024-05-10$4.67$5.0033.6%6.6%32.1%14.1%29.1%1.3%11.6%24.5K-262.9K-4.2K2.00112.58126,2451,774
2024-05-13$4.83$5.0032.4%7.3%32.6%12.9%26.6%9.3%18.6%30.5K-460.3K-4.6K0.0995.86116106,2461,776
2024-05-14$4.89$5.0039.8%7.3%32.1%20.6%28.0%11.6%16.0%34.5K-542.1K-4.8K1.57114.3423366,3271,786
2024-05-15$4.94$5.0033.5%9.6%31.7%14.3%33.5%8.5%3.8%38.0K-563.3K-4.7K0.1661.7095156,3131,804
2024-05-16$4.88$5.0041.4%11.9%31.8%22.9%40.7%272.8%-8.8%36.4K-427.6K-4.4K0.3391.14936,3791,812
2024-05-17$4.80$5.0038.2%10.9%32.0%19.4%40.7%2.0%-2.5%24.4K-338.2K-4.3K0.02107.384616,3871,815
2024-05-20$4.76$5.0027.1%7.8%31.9%7.5%21.5%11.4%17.3%26.2K-253.4K-4.0K0.4053.6542176,1851,782
2024-05-21$4.79$5.0030.0%8.6%29.0%10.6%25.0%13.6%14.1%27.1K-307.3K-4.2K0.1372.38816,2221,801
2024-05-22$4.70$5.0036.9%10.6%28.1%18.0%37.9%5.2%2.4%24.5K-257.0K-4.0K0.0241.4211126,2301,802
2024-05-23$4.56$5.0036.2%10.4%29.4%17.2%43.3%8.9%2.2%22.5K-78.2K-3.5K0.1776.7970126,3411,804
2024-05-24$4.62$5.0029.8%8.6%29.5%10.4%0.0%-1.8%2.4%25.3K-150.6K-3.7K0.2986.9459176,4001,812
2024-05-28$4.56$5.0027.6%7.9%27.4%9.9%0.0%17.2%5.6%23.3K-50.0K-3.4K0.6087.651066,3981,818
2024-05-29$4.46$5.0044.8%12.8%28.3%35.6%0.0%9.5%-5.9%19.5K30.2K-3.1K4.2555.384176,4081,822
2024-05-30$4.53$5.0031.7%9.1%28.6%16.7%28.8%3.0%-2.3%22.0K-42.2K-3.4K0.0794.161416,4101,838
2024-05-31$4.67$5.0029.3%8.4%30.1%13.3%0.0%11.0%-11.6%29.3K-36.7K-3.3K5.0057.39156,4151,839