BDX Options History — February 2009

In February 2009, BDX traded between $47.47 and $56.83. ATM implied volatility averaged 28.8%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 2.9% (HV 20d: 31.7%). Max pain ranged from $53.69 to $57.52. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.80.

Notable Days

  • 2009-02-27: Highest Volume — 2,765 contracts
  • 2009-02-09: Largest IV spike — 20.6% change
  • 2009-02-27: Highest IV Rank — 50.6%
  • 2009-02-27: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.91$47.47$56.83$55.85$47.47
Max Pain$56.11$53.69$57.52$53.69$53.69
ATM IV28.8%24.2%36.0%26.8%36.0%
Expected Move8.3%7.3%10.3%7.7%10.3%
HV 20d31.7%23.0%34.8%34.8%27.0%
HV 60d34.3%30.5%38.4%38.3%32.9%
IV Rank35.3%25.4%50.6%30.9%50.6%
IV Percentile62.6%45.6%76.2%57.5%76.2%
Term Structure0.8%-3.4%3.3%2.2%-3.4%
VWIV29.5%24.8%34.6%27.0%34.6%
Skew 25d5.8%2.9%9.8%9.2%6.4%
Skew 10d10.9%-0.9%22.6%22.6%8.1%
Call IV 25d27.0%21.6%31.6%23.4%31.6%
Put IV 25d32.9%28.2%38.0%32.5%38.0%
Bid-Ask Spread %36.8520.3451.2238.5630.28
Gamma HHI0.440.160.640.490.16
Net GEX640.8K-2.2M2.4M1.2M-101.7K
Net DEX-5.0M-23.6M10.4M-13.0M10.4M
Net VEX-82.2K-114.4K-47.9K-106.7K-47.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.083.180.290.83
Total Volume946.1051872,7652,3132,765
Total OI19,893.84212,85422,39820,33413,890

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$55.85$53.6926.8%7.7%34.8%30.9%27.0%9.2%2.2%1.2M-13.0M-106.7K0.2938.56N/AN/A1,79551812,4777,857
2009-02-03$56.60$53.6926.1%7.5%34.7%29.6%26.8%9.8%2.8%2.0M-20.0M-113.3K0.0851.22N/AN/A8206513,9967,969
2009-02-04$56.66$53.6925.7%7.4%34.3%28.7%24.8%2.9%3.3%2.2M-23.1M-114.4K0.0841.38N/AN/A1,1549414,4147,984
2009-02-05$56.80$53.6925.6%7.3%33.9%28.3%25.2%3.5%2.7%2.3M-22.9M-111.7K0.1430.87N/AN/A3735214,2858,002
2009-02-06$56.83$57.5224.2%7.8%33.3%25.4%26.2%6.4%1.8%2.4M-23.6M-107.1K2.4847.18N/AN/A14135014,1468,011
2009-02-09$55.85$57.5229.1%8.0%32.4%36.0%28.6%5.2%1.8%2.0M-15.0M-100.5K0.1640.60N/AN/A2,26937114,1887,982
2009-02-10$54.22$57.5230.4%8.8%34.2%38.7%32.6%5.0%0.7%890.7K-4.0M-91.3K3.1837.73N/AN/A14144813,5688,092
2009-02-11$54.37$57.5227.8%8.7%33.8%33.2%32.7%4.3%-0.1%634.4K-2.7M-86.5K0.5838.66N/AN/A1408113,6668,283
2009-02-12$54.66$57.5229.5%8.5%33.4%36.8%30.8%5.3%0.4%542.2K-4.3M-83.2K0.5347.25N/AN/A1739313,7278,288
2009-02-13$54.18$57.5230.6%8.8%33.5%39.0%28.5%4.1%-1.3%506.2K-2.8M-82.1K1.1340.33N/AN/A889913,7318,399
2009-02-17$53.37$57.5230.8%8.8%33.3%39.5%30.5%7.4%-1.7%-120.1K2.3M-72.1K1.4632.72N/AN/A21631713,7318,468
2009-02-18$53.33$57.5231.0%8.9%32.5%40.0%30.0%6.4%0.4%-338.9K4.5M-72.3K0.8946.07N/AN/A998913,6758,595
2009-02-19$53.52$57.5230.0%8.6%31.7%37.9%30.8%6.9%0.1%-784.1K3.7M-67.8K0.5528.33N/AN/A1699313,7348,568
2009-02-20$53.39$57.5229.2%8.4%30.8%36.2%32.9%5.8%1.5%-2.2M2.6M-65.6K1.0231.27N/AN/A14014213,7508,529
2009-02-23$52.65$57.5230.0%8.6%29.3%37.8%31.8%5.2%-0.1%320.2K1.8M-58.5K0.2841.14N/AN/A1,4063987,7325,122
2009-02-24$52.65$57.5227.3%7.8%28.7%32.1%29.3%6.6%2.0%375.8K1.8M-64.1K0.7325.86N/AN/A3322428,7735,331
2009-02-25$51.87$53.6926.9%7.7%27.3%31.1%28.1%6.3%1.3%303.7K2.9M-61.6K0.6730.37N/AN/A2751868,9835,426
2009-02-26$49.93$53.6930.3%8.7%23.0%38.4%29.7%4.4%0.4%44.8K6.8M-54.5K0.0820.34N/AN/A1,7011419,0355,576
2009-02-27$47.47$53.6936.0%10.3%27.0%50.6%34.6%6.4%-3.4%-101.7K10.4M-47.9K0.8330.28N/AN/A1,5071,2588,2495,641