BDN Options History — August 2025

In August 2025, BDN traded between $3.83 and $4.25. ATM implied volatility averaged 35.4%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 0.9% (HV 20d: 34.4%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 6.97.

Notable Days

  • 2025-08-01: Highest Volume — 1,287 contracts
  • 2025-08-06: Largest IV spike — 49.1% change
  • 2025-08-12: Highest IV Rank — 46.0%
  • 2025-08-04: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.03$3.83$4.25$3.83$4.25
Max Pain$4.33$4.00$5.00$4.00$4.00
ATM IV35.4%21.7%51.7%35.2%25.1%
Expected Move9.9%6.2%11.9%10.1%7.2%
HV 20d34.4%28.7%37.4%30.5%32.1%
HV 60d31.1%28.9%32.4%29.0%30.9%
IV Rank22.7%3.2%46.0%22.4%8.1%
IV Percentile53.9%1.2%90.5%56.3%8.3%
Term Structure2.2%-15.2%18.1%3.9%10.3%
VWIV33.2%19.7%40.0%34.0%24.4%
Skew 25d31.1%-1.5%224.4%9.7%-1.2%
Skew 10d51.2%-6.6%351.1%4.7%-4.5%
Call IV 25d32.5%27.9%38.8%38.8%29.3%
Put IV 25d63.6%26.4%259.0%48.6%28.1%
Bid-Ask Spread %93.0984.30101.7797.3197.10
Gamma HHI0.530.500.590.510.57
Net GEX23.3K1.2K47.2K10.1K42.7K
Net DEX514.8K-132.7K957.5K671.8K-92.4K
Net VEX-11.7K-14.8K-6.4K-6.4K-14.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.970.0093.6014.140.00
Total Volume295.42981,2871,28763
Total OI22,176.8119,12924,23019,12924,230

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$3.83$4.0035.2%10.1%30.5%22.4%34.0%9.7%3.9%10.1K671.8K-6.4K14.1497.31851,20215,2133,916
2025-08-04$3.84$5.0034.9%11.9%29.9%22.0%0.0%35.3%-15.2%21.3K671.3K-9.7K93.6097.291093615,2705,110
2025-08-05$3.90$5.0032.7%10.2%28.7%18.8%35.7%35.4%-7.3%12.4K930.3K-9.6K0.4096.351114415,2755,985
2025-08-06$4.09$5.0048.7%10.0%34.0%41.8%35.1%30.6%4.8%30.4K355.8K-12.7K0.2996.087215,2895,989
2025-08-07$4.04$5.0036.6%9.8%31.3%24.5%34.1%186.9%10.7%31.9K371.3K-12.6K0.17101.7718315,2895,990
2025-08-08$4.00$5.0033.9%10.6%31.4%20.6%37.1%22.9%6.6%28.2K481.5K-12.3K0.0693.5116115,3105,993
2025-08-11$3.85$5.0041.7%10.5%33.3%31.7%0.0%22.5%3.4%13.8K957.5K-9.3K29.8998.171853815,3105,994
2025-08-12$3.96$5.0051.7%11.2%35.4%46.0%38.9%224.4%-0.6%13.4K878.5K-10.8K0.0491.3526115,3196,504
2025-08-13$4.08$4.0038.1%10.9%37.4%26.5%38.1%11.7%2.5%23.6K585.6K-12.0K0.0888.3262515,3336,478
2025-08-14$4.05$4.0036.6%10.5%37.3%24.3%36.6%10.8%1.2%23.6K596.7K-12.0K0.7990.28342715,3446,477
2025-08-15$4.03$4.0040.0%11.5%36.6%29.3%40.0%11.3%-9.4%1.2K955.1K-9.8K0.3891.728315,3736,502
2025-08-18$3.98$4.0037.0%10.6%36.8%25.0%37.0%9.9%-4.0%10.6K879.7K-10.0K4.9785.613316415,2406,266
2025-08-19$4.04$4.0037.2%10.7%36.7%25.2%37.2%10.8%-1.7%15.5K778.9K-10.9K0.0589.189665215,2616,429
2025-08-20$4.04$4.0034.5%9.9%36.4%21.4%34.5%10.3%-1.1%19.4K517.9K-12.2K0.3190.081304016,2206,477
2025-08-21$3.96$4.0038.9%11.1%34.6%27.7%0.0%9.5%-7.2%14.9K714.5K-11.4K0.0184.30681416,3506,513
2025-08-22$4.08$4.0028.1%8.1%35.9%12.3%28.1%5.9%13.2%25.8K306.0K-13.6K0.8193.64594817,0266,513
2025-08-25$4.14$4.0035.7%10.2%36.1%23.1%0.0%2.0%1.6%33.6K191.4K-13.7K0.0091.64405017,0526,488
2025-08-26$4.13$4.0029.2%8.4%36.1%13.8%0.0%1.7%1.2%29.4K202.8K-13.6K0.1191.943143517,4566,488
2025-08-27$4.21$4.0021.7%6.2%36.4%3.2%20.3%-1.5%14.7%39.7K-11.5K-14.3K0.0099.0245017,7576,455
2025-08-28$4.22$4.0025.3%7.2%36.4%8.3%19.7%4.3%18.1%47.2K-132.7K-14.8K0.3390.326217,7746,455
2025-08-29$4.25$4.0025.1%7.2%32.1%8.1%24.4%-1.2%10.3%42.7K-92.4K-14.1K0.0097.1063017,7766,454