BDN Options History — November 2024

In November 2024, BDN traded between $5.08 and $5.75. ATM implied volatility averaged 40.9%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 9.7% (HV 20d: 50.6%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.42.

Notable Days

2024-11-06: Highest Volume — 816 contracts
2024-11-25: Largest IV spike — 56.8% change
2024-11-12: Highest IV Rank — 71.1%
2024-11-25: Largest Expected Move — 16.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.40	$5.08	$5.75	$5.08	$5.70
Max Pain	$5.95	$5.00	$6.00	$5.00	$6.00
ATM IV	40.9%	27.0%	68.8%	37.6%	27.0%
Expected Move	10.7%	7.7%	16.3%	10.8%	7.7%
HV 20d	50.6%	28.5%	65.0%	62.4%	28.8%
HV 60d	43.1%	42.3%	43.9%	43.4%	43.5%
IV Rank	30.3%	10.1%	71.1%	25.6%	10.1%
IV Percentile	52.0%	10.7%	98.0%	50.0%	10.7%
Term Structure	2.1%	-15.7%	20.3%	-8.4%	6.8%
VWIV	37.0%	23.9%	76.3%	30.6%	23.9%
Skew 25d	12.5%	-2.5%	40.1%	40.1%	13.2%
Skew 10d	30.2%	0.1%	94.0%	94.0%	9.5%
Call IV 25d	30.3%	20.5%	45.7%	45.7%	23.9%
Put IV 25d	42.9%	33.0%	85.9%	85.9%	37.1%
Bid-Ask Spread %	107.75	75.78	122.18	75.78	106.22
Gamma HHI	0.52	0.40	0.64	0.41	0.64
Net GEX	21.6K	3.6K	43.5K	6.3K	43.5K
Net DEX	-318.4K	-794.2K	20.0K	20.0K	-671.9K
Net VEX	-5.6K	-6.0K	-5.1K	-5.4K	-5.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.42	0.00	8.13	5.76	0.00
Total Volume	169.15	6	816	169	11
Total OI	8,086.6	7,482	9,009	7,482	7,958

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
2024-11-01	$5.08	$5.00	37.6%	10.8%	62.4%	25.6%	30.6%	40.1%	-8.4%	6.3K	20.0K	-5.4K	5.76	75.78	25	144	4,738	2,744
2024-11-04	$5.17	$6.00	34.0%	11.9%	63.0%	20.3%	44.4%	-2.5%	7.3%	5.6K	-27.2K	-5.5K	0.09	90.69	158	15	4,738	2,886
2024-11-05	$5.24	$6.00	29.8%	10.9%	63.3%	14.1%	0.0%	23.7%	-4.6%	3.6K	-55.6K	-5.1K	0.20	97.79	5	1	4,818	2,901
2024-11-06	$5.46	$6.00	43.3%	11.6%	65.0%	33.9%	33.1%	7.2%	0.9%	19.5K	-334.0K	-5.6K	0.00	103.92	815	1	4,820	2,902
2024-11-07	$5.39	$6.00	59.8%	10.4%	64.9%	57.9%	43.3%	0.8%	6.2%	25.5K	-339.6K	-5.9K	0.00	110.10	397	0	5,401	2,903
2024-11-08	$5.42	$6.00	52.7%	11.4%	64.7%	47.5%	0.0%	6.4%	-0.9%	30.2K	-403.7K	-5.9K	0.38	120.32	16	6	5,739	2,903
2024-11-11	$5.38	$6.00	58.1%	10.8%	62.3%	55.3%	37.7%	16.1%	1.9%	25.7K	-364.3K	-5.8K	0.43	110.61	116	50	5,749	2,903
2024-11-12	$5.25	$6.00	68.8%	12.2%	59.6%	71.1%	76.3%	20.4%	2.1%	18.3K	-196.5K	-5.7K	0.27	110.28	99	27	5,859	2,978
2024-11-13	$5.25	$6.00	33.3%	9.5%	59.6%	19.2%	42.2%	-1.3%	20.3%	16.6K	-194.2K	-5.6K	0.00	103.53	252	1	5,855	2,999
2024-11-14	$5.22	$6.00	36.0%	10.3%	59.0%	23.2%	24.8%	15.3%	-1.7%	19.1K	-156.1K	-5.3K	8.13	122.18	8	65	5,960	3,000
2024-11-15	$5.22	$6.00	36.5%	10.5%	57.8%	24.0%	26.9%	11.9%	8.2%	12.3K	-162.4K	-5.5K	0.17	103.05	213	36	5,965	3,044
2024-11-18	$5.21	$6.00	33.6%	9.6%	57.9%	19.7%	36.1%	17.3%	7.6%	9.7K	-5.8K	-5.2K	0.61	114.72	80	49	4,601	2,954
2024-11-19	$5.33	$6.00	36.0%	10.3%	59.0%	23.2%	38.5%	17.5%	4.5%	15.0K	-167.6K	-5.4K	5.50	107.73	10	55	4,628	2,995
2024-11-20	$5.37	$6.00	38.7%	11.1%	28.5%	27.1%	0.0%	21.0%	4.9%	14.3K	-197.3K	-5.4K	3.67	115.50	3	11	4,628	3,050
2024-11-21	$5.59	$6.00	34.9%	10.0%	31.7%	21.6%	33.0%	0.0%	-2.9%	28.0K	-500.6K	-5.8K	0.01	114.46	107	1	4,629	3,055
2024-11-22	$5.54	$6.00	36.2%	10.4%	29.4%	23.5%	0.0%	11.4%	-0.8%	29.9K	-343.7K	-5.3K	0.20	107.58	10	2	4,718	3,056
2024-11-25	$5.75	$6.00	56.7%	16.3%	31.6%	53.4%	24.7%	23.8%	4.4%	31.3K	-794.2K	-5.7K	0.04	113.57	526	20	4,727	3,058
2024-11-26	$5.71	$6.00	33.9%	9.7%	31.4%	20.1%	38.9%	-1.1%	-15.7%	37.3K	-730.4K	-5.8K	0.41	112.16	29	12	4,848	3,070
2024-11-27	$5.71	$6.00	30.6%	8.8%	31.5%	15.2%	0.0%	9.4%	2.3%	40.6K	-743.4K	-6.0K	2.50	114.72	2	5	4,871	3,081
2024-11-29	$5.70	$6.00	27.0%	7.7%	28.8%	10.1%	23.9%	13.2%	6.8%	43.5K	-671.9K	-5.8K	0.00	106.22	11	0	4,872	3,086