BDX Options History — May 2018

In May 2018, BDX traded between $168.52 and $178.58. ATM implied volatility averaged 17.3%, placing in the 40.0% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 0.4% (HV 20d: 16.9%). Max pain ranged from $174.49 to $176.41. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.37.

Notable Days

  • 2018-05-03: Highest Volume — 4,368 contracts
  • 2018-05-03: Largest IV drop — 22.9% change
  • 2018-05-01: Highest IV Rank — 72.2%
  • 2018-05-01: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$172.74$168.52$178.58$178.58$169.80
Max Pain$176.32$174.49$176.41$176.41$176.41
ATM IV17.3%15.6%22.3%22.3%16.6%
Expected Move5.1%4.4%7.6%7.6%4.9%
HV 20d16.9%14.6%21.1%19.6%16.7%
HV 60d20.1%18.7%23.6%23.6%19.3%
IV Rank40.0%29.5%72.2%72.2%35.5%
IV Percentile59.0%42.9%87.7%87.7%54.0%
Term Structure-0.0%-1.3%1.1%-0.4%-0.2%
VWIV18.2%14.9%26.7%26.7%17.3%
Skew 25d2.5%1.9%3.3%2.4%2.2%
Skew 10d5.6%4.3%6.7%5.3%5.4%
Call IV 25d16.3%15.0%20.8%20.5%16.2%
Put IV 25d18.8%17.2%22.8%22.8%18.4%
Bid-Ask Spread %24.1815.7248.5026.5319.95
Gamma HHI0.130.090.310.100.13
Net GEX-918.3K-5.9M5.4M2.4M-1.9M
Net DEX18.1M-45.0M49.3M-45.0M36.4M
Net VEX-350.6K-436.7K-301.3K-421.6K-305.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.371.011.681.261.41
Total Volume3,296.2272,7864,3683,9983,447
Total OI23,413.54519,61226,97725,27622,073

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$178.58$176.4122.3%7.6%19.6%72.2%26.7%2.4%-0.4%2.4M-45.0M-421.6K1.2626.53N/AN/A1,7662,23210,68914,587
2018-05-02$177.41$174.4921.9%7.4%19.7%69.6%26.6%1.9%0.1%3.2M-41.8M-436.7K1.3348.50N/AN/A1,6652,21511,64814,777
2018-05-03$174.10$176.4116.9%4.8%21.1%37.7%17.9%2.8%0.2%5.4M2.9M-399.2K1.0228.62N/AN/A2,1622,20611,23215,077
2018-05-04$172.47$176.4117.0%5.2%19.1%38.1%18.0%2.0%-0.1%3.7M27.4M-388.0K1.0622.54N/AN/A1,8771,98911,61615,361
2018-05-07$172.52$176.4117.3%5.3%18.0%40.4%17.7%2.7%1.1%-1.7M27.6M-390.1K1.1221.26N/AN/A1,4451,6219,36614,281
2018-05-08$169.88$176.4117.5%5.2%17.5%41.4%18.8%2.9%0.7%-2.6M49.3M-364.3K1.2735.03N/AN/A1,3801,7579,48714,324
2018-05-09$171.29$176.4117.9%5.2%17.6%43.8%18.4%2.3%0.2%-2.3M35.8M-382.2K1.6222.31N/AN/A1,2392,0129,72414,475
2018-05-10$172.76$176.4116.9%4.6%17.5%37.4%18.4%2.1%-1.0%-1.9M23.9M-377.9K1.5120.96N/AN/A1,2171,8419,81014,559
2018-05-11$172.73$176.4116.4%4.6%17.4%34.2%17.4%2.5%-0.7%-1.2M23.1M-371.2K1.4020.26N/AN/A1,2831,7909,88314,604
2018-05-14$174.21$176.4116.5%4.7%16.1%35.3%17.5%2.6%0.1%-639.8K11.0M-353.0K1.6519.66N/AN/A1,1661,9289,63814,393
2018-05-15$172.18$176.4118.1%5.2%15.3%45.2%17.4%3.3%-1.3%-1.9M29.5M-349.1K1.6122.28N/AN/A1,1141,7929,80514,702
2018-05-16$172.72$176.4115.9%4.6%15.3%31.3%16.8%3.0%1.1%-2.1M24.8M-343.9K1.6515.72N/AN/A1,0931,8019,86214,770
2018-05-17$171.83$176.4117.0%4.9%15.2%38.1%14.9%2.9%-0.6%-3.2M30.8M-334.3K1.6330.02N/AN/A1,1991,9599,86714,746
2018-05-18$172.75$176.4115.6%4.4%15.1%29.5%17.0%2.6%0.7%-5.9M26.3M-328.3K1.6816.64N/AN/A1,2752,1459,90014,807
2018-05-21$175.43$176.4116.0%4.7%16.2%31.9%16.4%2.2%-0.1%-660.9K-1.1M-305.9K1.2124.69N/AN/A1,2581,5287,36412,248
2018-05-22$172.81$176.4116.7%4.9%16.5%36.2%16.6%2.5%-0.0%-1.3M15.2M-314.5K1.0118.69N/AN/A1,6631,6767,63812,340
2018-05-23$173.21$176.4117.0%4.9%16.5%38.2%17.1%2.5%-0.2%-659.1K10.0M-316.0K1.1944.09N/AN/A1,3451,6008,18712,528
2018-05-24$172.78$176.4116.3%4.7%14.6%34.0%16.5%2.2%0.1%-900.6K13.8M-319.7K1.5116.19N/AN/A1,1631,7628,41212,597
2018-05-25$171.19$176.4116.1%4.6%14.6%32.3%16.6%2.6%0.3%-2.4M28.1M-307.5K1.5516.75N/AN/A1,2491,9318,47512,752
2018-05-29$168.52$176.4117.7%5.3%15.3%43.0%18.4%2.3%-0.5%-2.3M44.7M-301.3K1.1519.84N/AN/A1,5351,7628,26712,572
2018-05-30$171.11$176.4116.4%4.9%16.6%34.6%17.8%2.4%-0.3%-1.3M25.0M-304.1K1.2121.41N/AN/A1,5491,8808,68412,971
2018-05-31$169.80$176.4116.6%4.9%16.7%35.5%17.3%2.2%-0.2%-1.9M36.4M-305.2K1.4119.95N/AN/A1,4322,0158,89813,175