BDX Options History — August 2018

In August 2018, BDX traded between $188.02 and $200.43. ATM implied volatility averaged 14.7%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.7% (HV 20d: 13.0%). Max pain ranged from $176.41 to $191.75. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.14.

Notable Days

2018-08-01: Highest Volume — 5,826 contracts
2018-08-02: Largest IV drop — 25.1% change
2018-08-01: Highest IV Rank — 58.6%
2018-08-01: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$193.73	$188.02	$200.43	$192.13	$200.43
Max Pain	$181.08	$176.41	$191.75	$191.75	$184.08
ATM IV	14.7%	13.3%	20.2%	20.2%	13.8%
Expected Move	4.3%	3.8%	6.7%	6.7%	3.9%
HV 20d	13.0%	8.3%	14.8%	10.7%	8.3%
HV 60d	14.5%	12.7%	15.4%	14.9%	12.7%
IV Rank	23.4%	14.9%	58.6%	58.6%	17.9%
IV Percentile	18.3%	3.2%	76.6%	76.6%	5.6%
Term Structure	0.2%	-0.7%	1.2%	-0.7%	0.2%
VWIV	15.4%	14.0%	23.6%	23.6%	14.4%
Skew 25d	1.7%	1.4%	2.2%	2.2%	1.6%
Skew 10d	3.7%	3.0%	4.8%	4.8%	4.1%
Call IV 25d	14.1%	13.2%	19.2%	19.2%	13.3%
Put IV 25d	15.8%	14.6%	21.3%	21.3%	14.9%
Bid-Ask Spread %	18.17	9.25	31.56	22.59	15.09
Gamma HHI	0.23	0.13	0.40	0.13	0.35
Net GEX	6.6M	-2.5M	9.9M	4.5M	9.8M
Net DEX	-90.6M	-148.9M	-25.9M	-76.7M	-148.9M
Net VEX	-446.2K	-469.1K	-386.7K	-410.3K	-467.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.14	0.72	1.76	1.74	1.07
Total Volume	3,817.783	2,694	5,826	5,826	4,011
Total OI	24,965.043	22,267	26,776	22,267	26,319

Daily Data (23 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-08-01	$192.13	$191.75	20.2%	6.7%	10.7%	58.6%	23.6%	2.2%	-0.7%	4.5M	-76.7M	-410.3K	1.74	22.59	N/A	N/A	2,128	3,698	10,865	11,402
2018-08-02	$188.02	$191.75	15.1%	4.4%	13.5%	26.4%	15.7%	1.6%	0.1%	-2.5M	-25.9M	-386.7K	0.93	17.09	N/A	N/A	2,590	2,402	12,118	13,397
2018-08-03	$189.98	$191.75	14.2%	4.0%	13.8%	20.6%	14.1%	1.7%	0.4%	3.8M	-57.0M	-402.3K	1.18	15.67	N/A	N/A	1,654	1,959	13,025	13,462
2018-08-06	$190.43	$176.41	14.6%	4.2%	13.7%	23.0%	15.1%	1.9%	0.0%	5.6M	-70.5M	-400.8K	1.28	19.07	N/A	N/A	1,247	1,595	11,776	11,299
2018-08-07	$190.32	$176.41	14.1%	4.1%	13.7%	19.8%	16.2%	1.7%	-0.1%	5.5M	-67.0M	-406.3K	1.35	23.23	N/A	N/A	1,215	1,636	11,950	11,854
2018-08-08	$192.94	$176.41	14.4%	4.2%	14.4%	21.6%	14.6%	1.8%	-0.3%	7.2M	-92.1M	-436.9K	0.72	13.08	N/A	N/A	2,772	1,983	12,051	12,253
2018-08-09	$193.07	$176.41	14.3%	4.2%	14.2%	21.4%	14.6%	1.7%	-0.2%	9.9M	-100.1M	-442.3K	0.83	21.13	N/A	N/A	2,140	1,782	13,131	12,403
2018-08-10	$191.06	$176.41	14.8%	4.3%	14.8%	24.1%	16.4%	1.8%	0.1%	8.3M	-74.9M	-453.9K	1.04	13.33	N/A	N/A	1,623	1,685	13,359	12,647
2018-08-13	$190.63	$176.41	15.5%	4.5%	14.4%	28.9%	16.8%	2.2%	0.1%	4.8M	-64.2M	-449.6K	1.06	10.07	N/A	N/A	1,308	1,386	12,964	12,394
2018-08-14	$192.14	$176.41	14.5%	4.3%	13.9%	22.4%	15.8%	1.8%	0.5%	6.4M	-79.7M	-465.3K	1.15	10.91	N/A	N/A	1,266	1,458	13,091	12,579
2018-08-15	$192.60	$176.41	15.3%	4.5%	13.5%	27.5%	16.1%	2.0%	0.3%	6.7M	-84.3M	-465.9K	1.26	22.80	N/A	N/A	1,435	1,811	13,183	12,684
2018-08-16	$193.95	$176.41	14.5%	4.3%	13.6%	22.3%	14.8%	2.0%	0.8%	9.7M	-100.2M	-462.6K	1.15	9.25	N/A	N/A	1,657	1,911	13,347	12,940
2018-08-17	$194.19	$176.41	14.6%	4.4%	13.6%	23.2%	14.9%	1.6%	1.2%	7.9M	-104.9M	-465.1K	0.73	19.19	N/A	N/A	2,721	1,994	13,490	13,286
2018-08-20	$194.20	$176.41	14.4%	4.1%	13.6%	21.5%	14.7%	1.5%	-0.0%	7.6M	-93.5M	-455.4K	0.80	20.22	N/A	N/A	2,302	1,830	11,833	11,715
2018-08-21	$193.21	$176.41	15.1%	4.3%	13.7%	26.1%	15.2%	1.6%	-0.3%	6.9M	-84.1M	-451.6K	1.65	23.78	N/A	N/A	1,481	2,447	11,777	11,799
2018-08-22	$194.19	$184.08	14.6%	4.2%	13.3%	23.3%	14.6%	1.8%	-0.0%	6.3M	-87.8M	-464.1K	1.47	19.52	N/A	N/A	1,701	2,493	11,933	12,537
2018-08-23	$194.54	$184.08	14.4%	4.1%	13.2%	21.7%	14.3%	1.7%	0.1%	6.2M	-90.5M	-457.8K	1.76	19.40	N/A	N/A	1,483	2,614	11,893	12,782
2018-08-24	$196.02	$184.08	13.9%	3.9%	13.3%	18.3%	14.0%	1.6%	0.1%	6.7M	-104.4M	-460.6K	1.04	16.67	N/A	N/A	1,982	2,052	11,978	12,876
2018-08-27	$196.35	$184.08	14.2%	4.0%	12.5%	20.5%	14.5%	1.8%	0.4%	6.5M	-102.8M	-463.7K	0.90	18.10	N/A	N/A	1,835	1,651	11,908	12,463
2018-08-28	$197.40	$184.08	13.6%	3.9%	12.1%	16.9%	14.2%	1.7%	0.4%	7.4M	-114.4M	-466.0K	1.23	16.31	N/A	N/A	1,481	1,820	12,225	12,502
2018-08-29	$198.77	$184.08	13.3%	3.8%	12.3%	14.9%	14.2%	1.4%	0.4%	8.2M	-127.9M	-458.5K	1.18	31.56	N/A	N/A	1,629	1,918	12,299	12,650
2018-08-30	$199.15	$184.08	13.8%	4.1%	8.6%	18.2%	14.3%	1.5%	0.3%	8.9M	-131.6M	-469.1K	0.79	19.95	N/A	N/A	2,250	1,773	12,958	12,799
2018-08-31	$200.43	$184.08	13.8%	3.9%	8.3%	17.9%	14.4%	1.6%	0.2%	9.8M	-148.9M	-467.6K	1.07	15.09	N/A	N/A	1,935	2,076	13,511	12,808