BDX Options History — March 2022

In March 2022, BDX traded between $196.26 and $211.23. ATM implied volatility averaged 23.3%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 0.6% (HV 20d: 22.6%). Max pain ranged from $191.75 to $214.76. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 2.32.

Notable Days

2022-03-16: Highest Volume — 9,465 contracts
2022-03-04: Largest IV spike — 13.7% change
2022-03-11: Highest IV Rank — 57.0%
2022-03-11: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$203.69	$196.26	$211.23	$207.95	$205.09
Max Pain	$203.43	$191.75	$214.76	$207.09	$207.09
ATM IV	23.3%	19.8%	27.5%	25.2%	21.4%
Expected Move	7.2%	6.2%	9.6%	7.0%	6.4%
HV 20d	22.6%	20.2%	27.7%	27.7%	20.7%
HV 60d	22.0%	21.4%	23.0%	22.4%	21.8%
IV Rank	35.3%	17.3%	57.0%	45.0%	25.6%
IV Percentile	59.1%	24.2%	94.8%	83.3%	37.7%
Term Structure	-0.1%	-3.3%	3.6%	0.5%	2.8%
VWIV	25.3%	22.2%	30.4%	25.5%	24.3%
Skew 25d	4.1%	1.6%	7.3%	5.5%	4.2%
Skew 10d	6.4%	1.8%	12.4%	9.0%	6.0%
Call IV 25d	21.8%	16.5%	25.9%	23.2%	19.7%
Put IV 25d	25.9%	20.8%	30.0%	28.7%	23.8%
Bid-Ask Spread %	82.08	67.34	95.77	84.83	80.23
Gamma HHI	0.10	0.07	0.13	0.11	0.07
Net GEX	1.6M	-1.2M	4.0M	3.3M	1.9M
Net DEX	-38.8M	-89.2M	5.3M	-71.8M	-43.7M
Net VEX	-975.0K	-1.0M	-934.1K	-972.0K	-956.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.32	1.57	3.00	2.22	1.89
Total Volume	7,482.217	5,903	9,465	7,755	6,293
Total OI	26,699.043	23,152	30,237	26,677	26,406

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
2022-03-01	$207.95	$207.09	25.2%	7.0%	27.7%	45.0%	25.5%	5.5%	0.5%	3.3M	-71.8M	-972.0K	2.22	84.83	N/A	N/A	2,405	5,350	12,667	14,010
2022-03-02	$209.18	$207.09	22.7%	6.7%	27.6%	32.3%	24.7%	3.5%	0.3%	3.7M	-81.0M	-1.0M	2.23	85.71	N/A	N/A	2,349	5,242	13,009	14,390
2022-03-03	$209.11	$207.09	21.7%	6.7%	27.3%	27.3%	25.2%	3.6%	0.9%	3.7M	-80.3M	-1.0M	2.01	83.70	N/A	N/A	2,474	4,974	13,049	14,501
2022-03-04	$210.78	$207.09	24.7%	6.4%	21.1%	42.6%	22.2%	5.8%	-0.0%	4.0M	-86.5M	-1.0M	1.80	92.38	N/A	N/A	2,768	4,976	13,070	14,507
2022-03-07	$211.23	$207.09	26.5%	7.9%	21.1%	51.7%	28.1%	1.9%	-1.1%	3.7M	-89.2M	-1.0M	1.96	95.25	N/A	N/A	2,597	5,092	12,960	14,362
2022-03-08	$204.39	$207.09	27.5%	8.0%	24.2%	56.9%	28.7%	4.7%	-1.8%	2.1M	-48.0M	-1.0M	1.88	91.68	N/A	N/A	2,853	5,358	13,172	14,659
2022-03-09	$203.96	$207.09	25.9%	7.3%	22.0%	48.6%	24.2%	3.6%	-1.5%	1.6M	-31.2M	-1.0M	2.13	95.73	N/A	N/A	2,604	5,540	13,234	15,146
2022-03-10	$198.37	$207.09	25.3%	8.2%	23.2%	45.9%	28.2%	5.3%	1.1%	35.5K	-5.1M	-994.7K	1.65	95.35	N/A	N/A	3,053	5,037	13,384	15,164
2022-03-11	$196.26	$210.92	27.5%	9.6%	21.7%	57.0%	30.4%	1.6%	-1.7%	-498.7K	5.3M	-983.0K	2.06	95.77	N/A	N/A	2,520	5,202	13,336	15,193
2022-03-14	$197.30	$199.42	26.8%	8.1%	21.9%	53.6%	28.7%	3.2%	-0.8%	-88.9K	-4.1M	-977.7K	2.19	67.34	N/A	N/A	2,240	4,909	13,039	15,057
2022-03-15	$198.44	$199.42	26.1%	7.8%	22.0%	50.0%	27.6%	2.9%	-1.5%	-450.2K	-3.2M	-965.6K	2.20	73.82	N/A	N/A	2,259	4,974	13,111	15,127
2022-03-16	$199.31	$199.42	24.4%	7.1%	22.0%	40.9%	26.4%	7.3%	-3.3%	-298.1K	-8.2M	-944.9K	1.57	75.32	N/A	N/A	3,688	5,777	13,137	15,225
2022-03-17	$201.78	$0.00	23.4%	7.3%	22.5%	36.2%	24.2%	4.0%	-2.3%	357.1K	-28.2M	-975.9K	3.00	73.76	N/A	N/A	2,017	6,050	13,249	15,434
2022-03-18	$200.08	$214.76	22.5%	7.1%	22.1%	31.2%	24.0%	6.7%	0.5%	-1.2M	-3.4M	-950.8K	2.82	70.15	N/A	N/A	2,343	6,612	13,921	16,316
2022-03-21	$204.59	$191.75	21.4%	6.5%	23.4%	25.7%	23.1%	3.6%	-0.6%	946.1K	-39.8M	-958.3K	2.27	75.24	N/A	N/A	2,264	5,141	10,541	12,611
2022-03-22	$203.10	$191.75	20.0%	6.8%	23.5%	18.4%	24.2%	3.8%	-0.9%	1.5M	-34.1M	-957.6K	2.60	78.01	N/A	N/A	1,959	5,099	11,144	12,626
2022-03-23	$201.50	$199.42	21.0%	7.1%	22.5%	23.6%	24.5%	3.9%	-2.1%	1.0M	-24.0M	-966.0K	2.64	78.04	N/A	N/A	1,895	4,999	11,199	12,740
2022-03-24	$201.40	$199.42	20.4%	6.7%	22.0%	20.6%	24.0%	4.1%	0.1%	920.7K	-25.2M	-961.2K	2.96	78.31	N/A	N/A	1,889	5,596	11,216	12,865
2022-03-25	$203.31	$199.42	20.3%	6.4%	20.2%	20.2%	24.3%	3.6%	0.3%	1.8M	-35.6M	-969.6K	2.93	77.51	N/A	N/A	1,696	4,967	11,279	13,381
2022-03-28	$204.82	$199.42	20.2%	6.2%	20.4%	19.6%	22.3%	2.4%	3.6%	2.0M	-42.2M	-947.3K	2.96	79.88	N/A	N/A	1,490	4,413	10,998	13,155
2022-03-29	$206.98	$199.42	19.8%	6.7%	20.8%	17.3%	22.2%	6.5%	2.8%	3.3M	-59.5M	-934.1K	2.45	79.03	N/A	N/A	1,883	4,620	11,354	13,417
2022-03-30	$205.99	$207.09	20.4%	6.3%	20.7%	20.8%	23.8%	3.5%	1.8%	3.2M	-52.8M	-953.5K	2.82	80.85	N/A	N/A	1,732	4,892	11,870	13,847
2022-03-31	$205.09	$207.09	21.4%	6.4%	20.7%	25.6%	24.3%	4.2%	2.8%	1.9M	-43.7M	-956.1K	1.89	80.23	N/A	N/A	2,181	4,112	12,050	14,356