BDX Options History — March 2020

In March 2020, BDX traded between $153.81 and $188.66. ATM implied volatility averaged 49.3%, placing in the 80.7% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 3.4% (HV 20d: 45.9%). Max pain ranged from $176.41 to $191.75. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.41.

Notable Days

  • 2020-03-13: Highest Volume — 4,622 contracts
  • 2020-03-12: Largest IV spike — 31.3% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$174.37$153.81$188.66$185.63$176.35
Max Pain$182.68$176.41$191.75$191.75$176.41
ATM IV49.3%28.4%68.5%31.2%36.6%
Expected Move14.2%8.2%19.6%9.2%11.4%
HV 20d45.9%28.8%59.4%51.9%59.0%
HV 60d37.3%31.7%45.3%31.7%45.3%
IV Rank80.7%39.9%100.0%67.1%39.9%
IV Percentile98.3%92.9%100.0%99.2%92.9%
Term Structure-1.1%-4.0%3.3%-1.0%3.3%
VWIV50.0%31.8%71.1%33.5%39.7%
Skew 25d14.6%6.3%25.0%7.3%10.2%
Skew 10d27.6%7.0%50.2%17.0%7.0%
Call IV 25d41.5%24.6%55.5%27.4%30.5%
Put IV 25d56.2%30.9%78.6%34.7%40.7%
Bid-Ask Spread %62.7030.6781.4552.4581.40
Gamma HHI0.120.100.170.110.16
Net GEX-4.5M-7.9M-1.1M-5.2M-4.1M
Net DEX148.8M58.8M229.7M126.9M93.4M
Net VEX-1.0M-1.3M-694.5K-1.1M-954.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.253.601.770.95
Total Volume2,333.1361,0834,6222,0112,552
Total OI46,491.68237,38451,83646,71340,624

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$185.63$191.7531.2%9.2%51.9%67.1%33.5%7.3%-1.0%-5.2M126.9M-1.1M1.7752.45N/AN/A7251,28622,65624,057
2020-03-03$184.64$191.7532.3%10.1%51.3%71.4%35.1%8.3%0.2%-5.3M140.3M-1.1M1.9558.47N/AN/A7761,51123,47624,907
2020-03-04$188.66$191.7528.4%8.2%51.3%54.9%31.8%6.3%-2.3%-3.5M94.0M-1.1M1.4253.33N/AN/A66794823,59624,934
2020-03-05$185.77$184.0835.3%10.3%51.2%84.0%33.2%10.0%1.6%-4.0M119.0M-1.2M3.6058.79N/AN/A7052,53523,83725,409
2020-03-06$182.47$184.0842.2%11.7%31.0%100.0%45.1%15.4%-2.5%-5.4M157.0M-1.2M1.2961.26N/AN/A8971,15423,95827,282
2020-03-09$178.82$184.0847.0%13.4%30.4%100.0%48.2%12.2%-1.4%-5.4M155.2M-1.2M3.5356.17N/AN/A3591,26422,51726,071
2020-03-10$180.97$184.0843.2%11.5%29.8%88.3%34.6%12.3%-3.5%-5.6M148.0M-1.1M0.8630.67N/AN/A1,6591,41822,57225,930
2020-03-11$178.75$184.0845.3%12.2%28.8%94.7%37.2%13.3%-2.8%-5.0M153.3M-1.1M1.1741.63N/AN/A1,0251,19623,35326,047
2020-03-12$170.37$184.0859.4%17.0%32.4%100.0%58.7%19.2%-0.5%-4.1M189.8M-1.1M2.0154.09N/AN/A7731,55424,01726,131
2020-03-13$176.18$184.0856.1%15.8%35.0%92.6%66.7%20.1%-2.2%-5.4M171.4M-1.1M0.8858.87N/AN/A2,4522,17024,01426,276
2020-03-16$173.26$184.0861.9%17.4%33.7%100.0%56.1%25.0%0.0%-4.0M163.2M-1.1M0.8958.79N/AN/A1,03392323,01325,605
2020-03-17$185.67$184.0863.5%18.2%43.1%100.0%67.5%23.6%-2.6%-1.1M58.8M-1.3M0.3663.54N/AN/A3,1461,11723,25125,829
2020-03-18$178.70$184.0868.5%19.6%44.9%100.0%64.5%19.8%-1.8%-3.2M108.7M-1.2M0.7768.88N/AN/A1,4351,09924,01726,455
2020-03-19$170.54$184.0867.5%19.6%47.3%98.0%50.4%23.4%-4.0%-6.1M178.7M-1.1M0.3963.91N/AN/A1,37653424,26726,997
2020-03-20$168.18$184.0851.5%14.9%46.7%67.9%49.5%11.1%-1.0%-7.9M229.7M-924.3K1.4081.45N/AN/A7381,03224,80027,036
2020-03-23$153.81$176.4157.2%16.6%54.7%78.7%70.0%14.8%-1.2%-3.6M195.6M-694.5K1.2475.36N/AN/A1,6752,08516,89120,493
2020-03-24$154.00$176.4155.4%15.9%54.8%75.2%71.1%9.9%-2.2%-3.8M197.0M-705.6K2.9169.80N/AN/A6111,77817,41621,541
2020-03-25$159.30$176.4157.4%17.0%56.8%79.1%62.5%19.5%-0.6%-3.9M181.2M-815.4K0.4870.07N/AN/A1,03350017,81222,778
2020-03-26$165.86$176.4150.5%15.3%59.4%66.0%52.0%14.1%-2.4%-3.8M151.7M-894.0K0.9770.88N/AN/A55153218,51022,789
2020-03-27$167.48$176.4149.8%14.7%58.3%64.8%49.2%12.2%-0.2%-3.8M140.4M-944.4K0.2573.59N/AN/A1,08427218,70622,878
2020-03-30$170.65$176.4143.7%11.6%57.5%53.3%43.7%14.0%3.1%-4.4M120.6M-921.1K1.8775.93N/AN/A40174817,68722,382
2020-03-31$176.35$176.4136.6%11.4%59.0%39.9%39.7%10.2%3.3%-4.1M93.4M-954.6K0.9581.40N/AN/A1,3091,24317,78422,840