BDN Options History — October 2025

In October 2025, BDN traded between $3.45 and $4.19. ATM implied volatility averaged 44.5%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 14.2% (HV 20d: 30.4%). Max pain ranged from $1.00 to $5.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 3.08.

Notable Days

  • 2025-10-23: Highest Volume — 669 contracts
  • 2025-10-10: Largest IV spike — 83.8% change
  • 2025-10-27: Highest IV Rank — 90.5%
  • 2025-10-27: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.75$3.45$4.19$4.19$3.45
Max Pain$3.74$1.00$5.00$5.00$4.00
ATM IV44.5%20.3%82.9%33.1%79.1%
Expected Move12.4%7.3%23.8%9.5%22.7%
HV 20d30.4%25.5%37.5%27.7%37.5%
HV 60d31.4%28.9%33.5%29.7%31.8%
IV Rank35.7%1.2%90.5%19.4%85.1%
IV Percentile65.5%0.4%99.6%43.3%99.2%
Term Structure3.9%-52.0%189.7%-6.5%-34.3%
VWIV48.6%23.5%258.8%30.0%39.6%
Skew 25d35.3%-7.1%233.7%-0.7%-1.5%
Skew 10d59.2%-6.2%331.3%-4.0%87.4%
Call IV 25d36.8%24.3%62.4%38.7%47.4%
Put IV 25d72.1%30.5%262.8%38.1%45.9%
Bid-Ask Spread %107.1776.93136.0779.20125.73
Gamma HHI0.510.490.560.500.49
Net GEX-8.1K-34.4K16.6K-12.7K1.3K
Net DEX1.2M270.4K1.8M361.8K1.1M
Net VEX-9.1K-12.3K-7.1K-12.3K-7.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.080.0033.710.031.54
Total Volume255.391226693133
Total OI22,509.95716,78726,62225,61118,442

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$4.19$5.0033.1%9.5%27.7%19.4%30.0%-0.7%-6.5%-12.7K361.8K-12.3K0.0379.2030117,9997,612
2025-10-02$4.17$5.0035.4%10.1%27.7%22.7%41.4%2.6%-5.8%-1.7K579.6K-11.9K0.8079.9214811818,0157,613
2025-10-03$4.12$5.0034.6%9.9%27.1%21.6%40.4%-0.1%-2.2%-14.9K806.7K-10.9K33.7176.931447218,0737,635
2025-10-06$3.96$4.0030.3%9.5%29.0%15.4%258.8%212.6%1.6%-34.4K1.3M-10.4K0.47105.281276018,0838,090
2025-10-07$3.92$1.0020.3%8.3%27.1%1.2%35.6%233.7%10.5%-34.0K1.4M-10.2K0.28102.71832318,1858,145
2025-10-08$3.92$1.0027.1%12.2%25.5%10.9%47.1%6.0%-3.2%-31.4K1.3M-10.3K0.6288.16714418,2528,163
2025-10-09$3.74$4.0037.0%10.7%26.4%25.0%40.3%56.7%1.5%-14.5K1.6M-9.0K7.4488.856649118,0458,172
2025-10-10$3.63$4.0068.0%16.9%26.5%69.3%28.0%10.5%-52.0%-9.4K1.4M-8.9K3.29113.756922718,0738,114
2025-10-13$3.69$4.0057.5%8.6%27.4%54.3%60.7%37.7%8.4%-17.8K1.8M-7.9K0.26128.1945211818,1058,150
2025-10-14$3.70$4.0056.2%9.1%27.1%52.4%28.8%30.4%10.8%-14.2K1.7M-8.1K10.9698.134953718,3498,164
2025-10-15$3.75$4.0040.5%11.6%27.7%30.0%42.3%7.3%-5.1%-19.5K1.7M-8.3K3.1589.174614518,3658,257
2025-10-16$3.67$3.0028.1%8.1%27.6%12.3%23.5%19.5%189.7%-1.4K1.7M-8.0K1.41124.20598318,3738,123
2025-10-17$3.67$3.0025.6%7.3%27.9%8.7%24.9%5.1%2.5%-2.5K1.5M-8.3K0.40106.03863418,4167,410
2025-10-20$3.65$3.0035.5%10.2%27.2%22.8%37.2%-7.1%-17.2%-8.5K1.1M-7.4K0.0792.003102210,5206,267
2025-10-21$3.69$4.0054.0%15.5%27.4%49.3%42.2%56.3%-11.1%-3.4K1.1M-8.0K0.00136.0767010,7146,287
2025-10-22$3.87$4.0039.7%11.4%34.3%28.8%40.1%30.9%-8.6%16.6K270.4K-11.6K0.00117.93621210,7286,287
2025-10-23$3.71$4.0037.5%10.7%36.3%25.7%41.6%38.1%-11.1%4.2K910.6K-8.6K0.27118.0652514411,2646,286
2025-10-24$3.70$4.0047.8%13.7%36.1%40.3%25.2%18.3%1.5%6.8K876.3K-9.3K0.30126.371263811,6336,444
2025-10-27$3.63$4.0082.9%23.8%35.6%90.5%35.7%19.8%0.1%3.2K889.6K-8.4K0.79124.26141111,6596,482
2025-10-28$3.55$4.0049.5%14.2%35.9%42.9%57.7%13.4%-11.2%-7.0K1.2M-7.1K0.06125.8835211,6676,493
2025-10-29$3.45$4.0054.6%15.7%36.2%50.2%39.6%3.6%11.2%7.7K976.4K-8.3K4.93109.284220711,6786,495
2025-10-30$3.51$4.0050.0%14.3%37.4%43.5%0.0%17.8%20.6%2.3K1.0M-8.3K0.00108.7722011,7006,702
2025-10-31$3.45$4.0079.1%22.7%37.5%85.1%0.0%-1.5%-34.3%1.3K1.1M-7.7K1.54125.73132011,7406,702