BDN Options History — July 2025

In July 2025, BDN traded between $4.00 and $4.34. ATM implied volatility averaged 31.3%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 0.1% (HV 20d: 31.4%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 19.84.

Notable Days

  • 2025-07-25: Highest Volume — 1,288 contracts
  • 2025-07-07: Largest IV spike — 120.3% change
  • 2025-07-07: Highest IV Rank — 73.3%
  • 2025-07-01: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.19$4.00$4.34$4.34$4.00
Max Pain$4.09$4.00$5.00$5.00$4.00
ATM IV31.3%20.9%70.8%39.8%27.0%
Expected Move8.3%6.0%11.4%11.4%7.8%
HV 20d31.4%27.3%33.7%28.1%27.3%
HV 60d30.1%27.6%37.9%36.4%28.0%
IV Rank16.8%2.1%73.3%29.0%10.8%
IV Percentile31.1%0.4%98.4%73.0%17.1%
Term Structure13.8%-12.5%122.4%-12.5%5.8%
VWIV34.1%17.6%62.6%62.6%46.9%
Skew 25d6.3%-18.0%95.5%5.6%-15.2%
Skew 10d40.1%-22.1%304.2%6.6%-19.8%
Call IV 25d30.6%22.9%39.1%36.3%38.9%
Put IV 25d36.9%16.6%123.0%41.9%23.7%
Bid-Ask Spread %96.3984.52105.6193.8298.12
Gamma HHI0.740.680.850.850.68
Net GEX52.2K44.4K61.0K59.6K44.4K
Net DEX14.5K-519.9K512.2K332.1K99.9K
Net VEX-11.6K-13.4K-10.3K-11.2K-10.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio19.840.00186.000.110.03
Total Volume279.09171,28833233
Total OI18,59416,26619,50119,01619,103

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$4.34$5.0039.8%11.4%28.1%29.0%62.6%5.6%-12.5%59.6K332.1K-11.2K0.1193.823003214,2104,806
2025-07-02$4.12$5.0029.7%8.5%29.1%14.5%46.9%12.5%2.0%50.2K512.2K-10.8K2.8489.568524114,0034,818
2025-07-03$4.17$4.0032.2%7.1%29.6%18.1%0.0%-3.9%11.1%54.0K343.1K-10.6K186.0084.52118614,0794,431
2025-07-07$4.08$4.0070.8%9.8%30.2%73.3%34.0%24.3%4.9%46.2K206.9K-11.1K29.3887.221338214,0794,553
2025-07-08$4.19$4.0038.9%8.8%30.4%27.7%30.6%95.5%11.7%51.8K259.9K-11.8K12.63101.081620214,0714,932
2025-07-09$4.19$4.0034.1%9.8%30.1%20.9%40.9%28.7%36.6%46.9K-14.6K-12.9K2.2497.644911014,0825,122
2025-07-10$4.34$4.0027.9%8.0%32.9%11.9%27.5%6.1%17.4%56.2K-29.3K-13.3K0.0796.7783614,1305,201
2025-07-11$4.31$4.0035.0%10.0%32.8%22.1%0.0%2.5%1.1%53.6K-59.6K-13.4K0.0090.237014,1685,202
2025-07-14$4.34$4.0029.6%8.5%32.2%14.4%0.0%5.6%14.9%59.3K-60.1K-13.4K0.00100.7260014,1685,202
2025-07-15$4.30$4.0031.0%8.9%31.5%16.5%0.0%2.3%11.6%53.9K-57.5K-12.9K1.4791.76192814,1695,202
2025-07-16$4.31$4.0031.3%9.0%31.4%16.9%0.0%3.1%11.7%56.0K-36.2K-12.8K3.23102.653110014,1725,228
2025-07-17$4.26$4.0033.3%9.5%30.9%19.7%0.0%-0.6%122.4%53.9K258.1K-12.0K124.4392.36787114,1725,293
2025-07-18$4.17$4.0023.5%6.7%31.7%5.7%0.0%-8.7%13.9%51.3K398.1K-11.3K12.00105.611416814,1795,322
2025-07-21$4.17$4.0031.9%9.1%31.7%17.7%35.2%25.8%8.7%48.7K-305.8K-11.2K1.48105.55405912,8633,403
2025-07-22$4.24$4.0027.1%7.8%32.1%10.8%0.0%-3.9%12.1%56.6K-392.2K-11.3K0.00105.27286012,9833,416
2025-07-23$4.29$4.0026.2%7.5%32.3%9.6%26.2%0.0%17.6%61.0K-519.9K-11.8K0.0094.81850113,2203,416
2025-07-24$4.13$4.0024.1%6.9%33.5%6.5%20.4%9.5%0.7%51.8K-197.9K-10.9K37.50104.4227514,0763,417
2025-07-25$4.06$4.0026.3%7.5%33.7%9.7%34.0%-0.8%-7.2%46.7K-115.6K-10.3K0.1085.541,16612214,0783,439
2025-07-28$4.03$4.0020.9%6.0%33.5%2.1%19.8%-18.0%8.9%49.2K-90.7K-10.4K6.6299.112919215,1383,565
2025-07-29$4.04$4.0021.5%6.2%33.5%2.8%17.6%-17.7%5.2%50.4K-142.6K-11.1K1.4498.868612415,1593,751
2025-07-30$4.00$4.0026.2%7.5%32.6%9.5%46.9%-14.6%4.3%46.8K-69.3K-11.1K15.0094.9746015,1843,863
2025-07-31$4.00$4.0027.0%7.8%27.3%10.8%0.0%-15.2%5.8%44.4K99.9K-10.5K0.0398.1232115,1883,915