BDN Options History — March 2026

In March 2026, BDN traded between $2.50 and $3.17. ATM implied volatility averaged 73.1%, placing in the 40.8% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 37.1% (HV 20d: 36.0%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 27.93.

Notable Days

  • 2026-03-09: Highest Volume — 1,114 contracts
  • 2026-03-25: Largest IV spike — 2443.3% change
  • 2026-03-27: Highest IV Rank — 100.0%
  • 2026-03-27: Largest Expected Move — 48.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.90$2.50$3.17$3.17$2.71
Max Pain$3.86$3.00$4.00$3.00$4.00
ATM IV73.1%3.0%170.4%96.1%16.9%
Expected Move21.2%2.6%48.9%27.6%4.8%
HV 20d36.0%26.5%56.8%56.4%39.3%
HV 60d42.6%41.7%45.3%42.8%45.3%
IV Rank40.8%0.0%100.0%57.2%5.0%
IV Percentile64.3%0.0%100.0%92.9%0.4%
Term Structure-21.0%-95.6%109.1%-41.1%38.0%
VWIV82.5%36.4%205.0%70.1%83.1%
Skew 25d44.4%-55.9%198.5%22.2%32.9%
Skew 10d92.0%-50.2%325.7%36.5%24.3%
Call IV 25d65.8%36.5%107.5%59.1%48.3%
Put IV 25d110.2%24.9%296.8%81.3%81.2%
Bid-Ask Spread %75.6631.31140.93140.9344.20
Gamma HHI0.540.310.750.460.69
Net GEX-5.9K-10.0K-2.6K-7.1K-8.4K
Net DEX1.5M1.0M2.2M1.2M2.2M
Net VEX-7.4K-9.3K-5.0K-8.7K-5.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio27.930.00329.000.033.75
Total Volume228.09121,1146057
Total OI19,751.77319,41921,02119,57621,021

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$3.17$3.0096.1%27.6%56.4%57.2%70.1%22.2%-41.1%-7.1K1.2M-8.7K0.03140.935828,94610,630
2026-03-03$3.13$3.00120.0%34.4%56.8%75.0%0.0%103.2%-89.6%-3.9K1.1M-9.3K329.00128.3326588,89710,636
2026-03-04$3.17$3.00102.0%29.2%56.8%61.6%0.0%79.3%-95.6%-10.0K1.4M-7.8K2.00126.91128,89610,523
2026-03-05$3.13$4.00111.7%18.2%37.8%68.8%0.0%133.5%-30.7%-7.8K1.3M-8.8K0.00111.231408,89510,525
2026-03-06$3.06$4.00101.4%20.4%38.5%61.1%45.3%10.7%-62.5%-3.4K1.0M-9.2K6.75107.874278,90810,525
2026-03-09$3.08$4.0095.1%20.4%37.9%56.5%46.5%149.8%-43.8%-9.1K1.4M-7.9K0.01113.851,098168,91110,551
2026-03-10$3.02$4.0089.7%19.8%37.9%52.4%0.0%164.4%-49.6%-4.6K1.3M-8.7K0.23115.186681519,69610,495
2026-03-11$2.99$4.0070.4%20.2%38.0%38.0%0.0%177.0%-61.0%-5.7K1.5M-8.2K0.02114.4124559,25410,645
2026-03-12$2.99$4.0057.9%14.0%32.9%28.6%0.0%11.0%-18.9%-7.6K1.5M-7.8K0.0165.9417829,09210,642
2026-03-13$2.90$4.0079.3%14.6%34.3%44.6%0.0%198.5%-67.7%-8.5K1.6M-7.2K0.0039.773609,05710,640
2026-03-16$2.90$4.0078.2%29.7%27.9%43.8%113.5%26.4%-44.8%-5.7K1.3M-8.2K0.5258.8621119,06210,640
2026-03-17$2.99$4.0034.1%17.8%29.6%10.9%62.2%26.5%-13.0%-7.1K1.6M-7.3K0.1456.85719,06310,646
2026-03-18$2.92$4.00144.6%41.9%29.1%93.4%0.0%7.2%-85.1%-3.2K1.1M-8.8K0.0071.72209,06210,647
2026-03-19$2.90$4.0029.4%19.3%29.1%7.4%84.7%-25.8%60.4%-7.3K1.5M-7.5K0.0241.075219,06210,647
2026-03-20$2.79$4.0026.5%26.4%28.5%5.2%61.6%-47.7%8.7%-5.8K1.5M-6.9K0.0047.59089,11410,648
2026-03-23$2.80$4.0015.9%15.1%28.7%0.0%120.7%-3.6%109.1%-6.7K1.6M-6.7K7.0064.703219,05410,573
2026-03-24$2.70$4.003.0%8.7%30.4%0.0%205.0%-55.9%81.0%-3.5K1.7M-6.2K0.3031.311039,05710,586
2026-03-25$2.67$4.0076.3%9.4%30.2%42.4%117.4%33.3%3.9%-3.0K2.0M-5.2K162.0057.2211629,06410,586
2026-03-26$2.62$4.0079.8%22.9%26.5%45.0%36.4%-0.4%3.1%-3.2K1.6M-6.0K4.0048.427289,06410,742
2026-03-27$2.50$4.00170.4%48.9%29.5%100.0%54.2%-24.1%-64.3%-2.6K1.6M-5.8K44.5040.7883569,07010,768
2026-03-30$2.62$4.008.9%2.6%36.2%0.0%53.7%-42.1%1.9%-4.5K2.0M-5.0K26.3037.41401,0529,07710,922
2026-03-31$2.71$4.0016.9%4.8%39.3%5.0%83.1%32.9%38.0%-8.4K2.2M-5.9K3.7544.2012459,09411,927