BDN Options History — February 2026

In February 2026, BDN traded between $2.83 and $3.27. ATM implied volatility averaged 63.1%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 7.1% (HV 20d: 56.0%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 6.17.

Notable Days

2026-02-04: Highest Volume — 1,185 contracts
2026-02-10: Largest IV spike — 85.2% change
2026-02-05: Highest IV Rank — 52.6%
2026-02-13: Largest Expected Move — 23.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.14	$2.83	$3.27	$2.83	$3.21
Max Pain	$3.42	$3.00	$4.00	$4.00	$3.00
ATM IV	63.1%	39.4%	90.0%	52.8%	70.1%
Expected Move	16.8%	9.2%	23.8%	15.1%	20.1%
HV 20d	56.0%	37.5%	61.2%	37.5%	56.1%
HV 60d	41.2%	32.8%	43.3%	32.8%	42.7%
IV Rank	32.5%	14.9%	52.6%	24.9%	37.8%
IV Percentile	79.4%	52.0%	92.1%	76.2%	86.1%
Term Structure	-1.2%	-43.9%	46.0%	46.0%	-32.8%
VWIV	54.6%	36.6%	85.4%	56.5%	50.0%
Skew 25d	30.2%	-9.3%	147.3%	-9.3%	18.6%
Skew 10d	111.4%	-12.5%	206.4%	-12.5%	145.3%
Call IV 25d	49.0%	30.0%	126.1%	58.4%	57.6%
Put IV 25d	79.2%	30.1%	215.0%	49.1%	76.1%
Bid-Ask Spread %	106.91	71.33	131.40	93.48	120.04
Gamma HHI	0.46	0.31	0.63	0.31	0.46
Net GEX	-3.6K	-8.8K	-201	-201	-6.3K
Net DEX	1.0M	691.5K	1.3M	964.5K	1.2M
Net VEX	-10.2K	-11.0K	-8.6K	-10.6K	-8.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.17	0.01	39.00	17.73	6.20
Total Volume	253.105	10	1,185	206	72
Total OI	20,178.842	19,551	21,031	19,663	19,575

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
2026-02-02	$2.83	$4.00	52.8%	15.1%	37.5%	24.9%	56.5%	-9.3%	46.0%	-201	964.5K	-10.6K	17.73	93.48	11	195	9,327	10,336
2026-02-03	$2.83	$4.00	68.2%	19.5%	37.5%	36.3%	68.2%	147.3%	34.8%	-583	1.0M	-10.4K	3.45	91.37	31	107	9,334	10,531
2026-02-04	$3.19	$4.00	55.4%	15.9%	56.8%	26.8%	55.3%	22.7%	3.1%	-6.8K	1.1M	-10.4K	4.44	71.33	218	967	9,349	10,579
2026-02-05	$3.21	$3.00	90.0%	16.7%	55.9%	52.6%	0.0%	56.5%	-9.0%	-4.3K	853.0K	-10.5K	1.82	131.40	125	228	9,596	10,413
2026-02-06	$3.27	$3.00	51.4%	11.1%	56.0%	23.8%	46.0%	-3.6%	8.3%	-1.7K	691.5K	-11.0K	9.52	100.97	42	400	9,633	10,271
2026-02-09	$3.21	$3.00	48.2%	9.2%	56.0%	21.4%	0.0%	-1.5%	30.7%	-830	724.1K	-10.7K	10.94	102.67	16	175	9,665	10,391
2026-02-10	$3.21	$3.00	89.3%	17.8%	55.5%	52.1%	42.9%	53.4%	-18.2%	-3.9K	920.4K	-10.2K	6.87	104.39	15	103	9,664	10,566
2026-02-11	$3.04	$4.00	66.5%	19.1%	59.3%	35.0%	61.1%	32.4%	0.9%	-537	925.3K	-10.9K	1.76	107.09	46	81	9,674	10,669
2026-02-12	$3.00	$4.00	71.1%	20.4%	57.7%	38.5%	41.3%	-9.0%	-32.0%	-428	1.1M	-10.3K	0.00	114.02	0	461	9,715	10,747
2026-02-13	$3.16	$4.00	83.1%	23.8%	60.7%	47.5%	54.3%	52.1%	-13.0%	-2.5K	886.4K	-10.8K	0.00	121.04	0	10	9,715	11,069
2026-02-17	$3.09	$4.00	72.3%	20.7%	61.2%	39.4%	85.4%	22.2%	-8.5%	-3.5K	1.2M	-9.8K	0.12	114.41	173	20	9,715	11,064
2026-02-18	$3.16	$4.00	57.7%	16.5%	61.1%	28.5%	54.2%	54.1%	12.3%	-3.2K	1.1M	-10.0K	0.01	105.94	151	2	9,882	11,064
2026-02-19	$3.13	$3.00	39.4%	11.3%	60.5%	14.9%	42.8%	44.1%	2.7%	-3.7K	1.2M	-9.7K	2.14	107.00	14	30	9,941	11,066
2026-02-20	$3.23	$3.00	60.3%	17.3%	60.0%	30.5%	36.6%	22.0%	-14.8%	-3.6K	892.3K	-10.4K	0.04	108.59	270	11	9,945	11,086
2026-02-23	$3.21	$3.00	66.8%	19.1%	60.0%	35.3%	54.9%	9.3%	-10.0%	-3.0K	925.7K	-10.2K	0.06	113.17	700	42	9,511	10,634
2026-02-24	$3.21	$3.00	49.5%	14.2%	57.9%	22.4%	69.3%	31.7%	-0.3%	-6.3K	1.0M	-9.8K	0.32	101.45	19	6	8,915	10,636
2026-02-25	$3.15	$3.00	64.4%	18.5%	57.6%	33.5%	0.0%	33.5%	-43.9%	-8.8K	1.3M	-9.0K	39.00	119.65	1	39	8,927	10,638
2026-02-26	$3.25	$3.00	41.6%	11.9%	56.2%	16.5%	50.0%	-3.2%	21.8%	-8.7K	1.1M	-9.4K	0.56	103.37	18	10	8,927	10,628
2026-02-27	$3.21	$3.00	70.1%	20.1%	56.1%	37.8%	0.0%	18.6%	-32.8%	-6.3K	1.2M	-8.6K	6.20	120.04	10	62	8,945	10,630