BDN Options History — February 2025

In February 2025, BDN traded between $4.81 and $5.38. ATM implied volatility averaged 34.2%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 3.1% (HV 20d: 37.2%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.72.

Notable Days

2025-02-06: Highest Volume — 867 contracts
2025-02-05: Largest IV drop — 44.9% change
2025-02-03: Highest IV Rank — 53.4%
2025-02-03: Largest Expected Move — 16.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.97	$4.81	$5.38	$5.33	$5.04
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	34.2%	24.9%	56.7%	56.7%	30.9%
Expected Move	9.6%	7.1%	16.3%	16.3%	8.9%
HV 20d	37.2%	31.5%	44.8%	40.1%	31.5%
HV 60d	36.9%	35.7%	37.6%	36.0%	36.2%
IV Rank	20.5%	7.0%	53.4%	53.4%	15.8%
IV Percentile	42.0%	7.5%	90.9%	90.9%	33.3%
Term Structure	1.6%	-41.4%	18.8%	-41.4%	3.5%
VWIV	52.9%	25.3%	305.8%	72.9%	30.9%
Skew 25d	25.2%	-6.1%	205.2%	61.3%	84.9%
Skew 10d	42.6%	-2.5%	293.1%	163.3%	142.0%
Call IV 25d	29.9%	22.8%	37.4%	26.7%	31.7%
Put IV 25d	55.1%	30.7%	238.7%	88.0%	116.6%
Bid-Ask Spread %	85.47	55.63	99.94	88.98	69.03
Gamma HHI	0.66	0.46	0.78	0.46	0.64
Net GEX	-25.8K	-52.4K	2.6K	1.3K	-19.8K
Net DEX	875.2K	144.1K	1.3M	187.9K	705.9K
Net VEX	-6.1K	-6.7K	-5.6K	-6.5K	-5.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.72	0.00	9.84	0.12	0.77
Total Volume	214.368	2	867	46	53
Total OI	8,513.632	7,181	9,495	7,181	8,365

Daily Data (19 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
2025-02-03	$5.33	$5.00	56.7%	16.3%	40.1%	53.4%	72.9%	61.3%	-41.4%	1.3K	187.9K	-6.5K	0.12	88.98	41	5	3,567	3,614
2025-02-04	$5.38	$5.00	55.4%	15.9%	39.6%	51.5%	39.5%	26.6%	-26.8%	2.6K	144.1K	-6.4K	0.17	73.95	105	18	3,604	3,618
2025-02-05	$5.05	$5.00	30.6%	8.8%	44.8%	15.3%	27.5%	-5.3%	-8.4%	-10.1K	523.0K	-5.7K	2.08	66.19	266	552	3,564	3,636
2025-02-06	$4.96	$5.00	38.1%	7.3%	43.1%	26.2%	28.0%	11.6%	12.0%	-18.6K	755.7K	-5.8K	9.84	91.73	80	787	3,763	4,133
2025-02-07	$4.96	$5.00	38.1%	9.1%	41.4%	26.2%	29.1%	4.0%	1.3%	-31.4K	988.0K	-6.4K	0.39	96.67	98	38	3,809	4,902
2025-02-10	$4.91	$5.00	38.2%	11.2%	37.6%	26.4%	0.0%	17.5%	6.7%	-29.8K	967.5K	-6.4K	0.89	92.72	74	66	3,855	4,936
2025-02-11	$5.01	$5.00	25.8%	9.6%	37.9%	8.3%	305.8%	14.6%	12.1%	-40.1K	846.1K	-6.7K	0.05	91.81	82	4	3,887	4,999
2025-02-12	$4.89	$5.00	29.7%	8.5%	38.8%	13.9%	47.1%	26.3%	13.1%	-33.5K	1.0M	-6.3K	2.11	96.28	65	137	3,940	5,003
2025-02-13	$4.92	$5.00	38.3%	11.0%	37.8%	26.5%	0.0%	-2.0%	-13.8%	-37.5K	1.1M	-6.3K	0.00	99.94	2	0	3,945	5,149
2025-02-14	$4.88	$5.00	26.0%	7.5%	37.7%	8.6%	0.0%	10.9%	11.3%	-39.1K	1.1M	-6.3K	7.57	88.84	7	53	3,947	5,149
2025-02-18	$4.88	$5.00	27.6%	7.9%	34.5%	11.0%	33.6%	11.7%	18.8%	-39.3K	1.2M	-6.1K	1.33	89.99	12	16	3,945	5,202
2025-02-19	$4.97	$5.00	28.8%	8.2%	35.5%	12.6%	30.2%	11.9%	10.7%	-48.8K	1.0M	-6.3K	0.93	92.77	15	14	3,955	5,238
2025-02-20	$4.96	$5.00	25.0%	7.2%	35.0%	7.2%	28.8%	3.3%	10.4%	-52.4K	1.1M	-6.3K	0.01	93.12	355	5	3,957	5,244
2025-02-21	$4.88	$5.00	34.8%	10.0%	34.8%	21.4%	34.7%	205.2%	0.6%	-25.3K	1.3M	-6.2K	0.67	82.83	21	14	4,246	5,249
2025-02-24	$4.81	$5.00	39.0%	11.2%	34.5%	27.5%	39.0%	3.2%	1.6%	-23.4K	1.1M	-5.8K	4.62	55.63	151	697	3,857	4,728
2025-02-25	$4.83	$5.00	32.3%	9.3%	34.3%	17.9%	38.6%	-6.1%	0.2%	-14.4K	904.1K	-5.6K	0.01	86.39	118	1	3,989	4,203
2025-02-26	$4.88	$5.00	24.9%	7.1%	34.8%	7.0%	25.3%	2.9%	15.7%	-14.5K	868.0K	-5.7K	1.00	86.83	7	7	4,072	4,204
2025-02-27	$4.94	$5.00	29.3%	8.4%	34.1%	13.4%	35.5%	-3.4%	2.6%	-15.5K	787.1K	-5.9K	0.09	80.19	98	9	4,078	4,207
2025-02-28	$5.04	$5.00	30.9%	8.9%	31.5%	15.8%	30.9%	84.9%	3.5%	-19.8K	705.9K	-5.9K	0.77	69.03	30	23	4,156	4,209