BDN Options History — September 2024

In September 2024, BDN traded between $5.00 and $5.46. ATM implied volatility averaged 38.3%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 9.8% (HV 20d: 28.4%). 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 9 of 20 days. Put/call ratio averaged 3.16.

Notable Days

2024-09-19: Highest Volume — 1,338 contracts
2024-09-16: Largest IV spike — 77.1% change
2024-09-20: Highest IV Rank — 52.3%
2024-09-20: Largest Expected Move — 16.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.24	$5.00	$5.46	$5.09	$5.42
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	38.3%	25.7%	56.3%	36.6%	43.3%
Expected Move	10.8%	7.4%	16.1%	10.5%	12.4%
HV 20d	28.4%	20.6%	32.6%	32.6%	30.4%
HV 60d	34.1%	33.2%	35.1%	33.6%	33.8%
IV Rank	26.2%	8.1%	52.3%	23.8%	33.5%
IV Percentile	46.4%	7.5%	89.3%	43.7%	61.1%
Term Structure	15.6%	-52.1%	347.4%	12.6%	-3.7%
VWIV	40.6%	23.1%	87.8%	39.1%	44.3%
Skew 25d	78.0%	-67.6%	244.6%	46.3%	18.6%
Skew 10d	137.7%	-12.1%	374.9%	90.7%	14.8%
Call IV 25d	31.5%	21.0%	102.2%	33.4%	28.6%
Put IV 25d	109.5%	21.6%	275.0%	79.7%	47.2%
Bid-Ask Spread %	79.13	56.37	107.56	84.87	75.06
Gamma HHI	0.56	0.37	0.78	0.48	0.53
Net GEX	18.4K	9.5K	30.6K	9.6K	29.1K
Net DEX	-632.3K	-1.2M	-205.6K	-343.8K	-871.8K
Net VEX	-3.0K	-3.8K	-1.0K	-3.2K	-3.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.16	0.06	15.19	0.70	1.55
Total Volume	146.05	10	1,338	17	125
Total OI	6,429.3	6,026	7,236	6,026	6,880

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
2024-09-03	$5.09	$5.00	36.6%	10.5%	32.6%	23.8%	39.1%	46.3%	12.6%	9.6K	-343.8K	-3.2K	0.70	84.87	10	7	3,417	2,609
2024-09-04	$5.12	$5.00	37.9%	10.9%	30.4%	25.8%	38.7%	38.0%	53.7%	9.5K	-413.5K	-3.4K	1.17	85.84	24	28	3,415	2,611
2024-09-05	$5.13	$5.00	32.8%	8.5%	28.7%	18.4%	0.0%	178.3%	0.7%	13.6K	-406.9K	-3.2K	0.09	87.46	11	1	3,436	2,637
2024-09-06	$5.05	$5.00	29.4%	10.2%	29.5%	13.5%	31.2%	209.8%	-1.7%	12.0K	-283.6K	-3.2K	1.22	82.24	27	33	3,446	2,638
2024-09-09	$5.04	$5.00	35.8%	10.1%	29.4%	22.7%	27.8%	217.8%	-11.5%	13.3K	-277.9K	-3.1K	0.06	78.23	50	3	3,473	2,655
2024-09-10	$5.00	$5.00	45.5%	9.3%	29.5%	36.6%	42.7%	228.1%	-3.2%	13.0K	-215.6K	-3.1K	3.33	71.74	6	20	3,523	2,658
2024-09-11	$5.00	$5.00	34.4%	9.9%	20.6%	20.6%	34.4%	244.6%	6.3%	14.8K	-205.6K	-3.1K	13.50	64.05	2	27	3,524	2,650
2024-09-12	$5.14	$5.00	27.4%	7.8%	22.9%	10.5%	26.1%	169.1%	9.2%	21.1K	-507.3K	-2.8K	0.10	101.72	10	1	3,524	2,674
2024-09-13	$5.36	$5.00	25.7%	7.4%	26.9%	8.1%	23.1%	-67.6%	11.5%	10.6K	-1.2M	-1.0K	0.21	90.18	100	21	3,524	2,675
2024-09-16	$5.46	$5.00	45.5%	13.0%	27.3%	36.6%	45.5%	22.4%	-10.2%	18.7K	-940.2K	-2.4K	0.16	84.26	50	8	3,585	2,696
2024-09-17	$5.38	$5.00	55.6%	15.9%	27.2%	51.3%	87.8%	-4.1%	-52.1%	15.0K	-796.0K	-2.7K	1.47	81.78	90	132	3,607	2,696
2024-09-18	$5.31	$5.00	30.8%	8.8%	27.6%	15.5%	32.9%	7.0%	-5.7%	25.3K	-858.5K	-2.1K	0.18	107.56	72	13	3,601	2,827
2024-09-19	$5.38	$5.00	36.8%	10.6%	27.8%	24.2%	36.9%	17.7%	347.4%	16.5K	-865.8K	-2.5K	0.65	95.22	812	526	3,637	2,837
2024-09-20	$5.21	$5.00	56.3%	16.1%	30.2%	52.3%	52.6%	35.3%	-29.1%	15.3K	-699.2K	-3.8K	15.19	75.65	21	319	4,283	2,953
2024-09-23	$5.20	$5.00	36.9%	10.6%	27.7%	24.2%	37.0%	133.1%	4.1%	24.7K	-519.1K	-3.7K	15.00	69.15	12	180	3,968	2,764
2024-09-24	$5.36	$5.00	35.4%	10.2%	29.8%	22.1%	36.7%	18.4%	4.1%	27.3K	-742.0K	-3.5K	0.27	63.33	48	13	3,985	2,764
2024-09-25	$5.37	$5.00	39.4%	11.3%	29.8%	27.9%	36.0%	17.4%	-3.2%	26.5K	-742.7K	-3.4K	1.00	58.29	5	5	4,013	2,777
2024-09-26	$5.41	$5.00	34.1%	9.8%	29.8%	20.2%	53.3%	12.3%	-3.6%	30.6K	-1.1M	-2.5K	6.29	69.62	7	44	4,014	2,781
2024-09-27	$5.34	$5.00	45.5%	13.0%	30.0%	36.6%	45.4%	17.5%	-14.2%	21.3K	-673.3K	-3.6K	1.07	56.37	28	30	4,020	2,809
2024-09-30	$5.42	$5.00	43.3%	12.4%	30.4%	33.5%	44.3%	18.6%	-3.7%	29.1K	-871.8K	-3.3K	1.55	75.06	49	76	4,041	2,839