BDX Options History — February 2023

In February 2023, BDX traded between $184.43 and $200.23. ATM implied volatility averaged 20.4%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 0.1% (HV 20d: 20.6%). Max pain ranged from $188.68 to $196.54. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2023-02-02: Highest Volume — 4,873 contracts
  • 2023-02-10: Largest IV drop — 12.3% change
  • 2023-02-09: Highest IV Rank — 20.1%
  • 2023-02-01: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$192.06$184.43$200.23$200.23$184.43
Max Pain$189.09$188.68$196.54$196.54$188.68
ATM IV20.4%19.0%21.9%21.6%21.0%
Expected Move5.9%5.4%7.7%7.7%5.8%
HV 20d20.6%17.1%21.7%17.1%19.3%
HV 60d20.6%17.4%23.1%21.8%17.4%
IV Rank11.3%2.8%20.1%18.2%14.7%
IV Percentile10.5%0.4%26.6%21.4%17.9%
Term Structure0.0%-1.9%2.3%0.5%-0.3%
VWIV20.9%17.8%28.0%28.0%19.4%
Skew 25d4.3%2.7%7.1%7.1%4.0%
Skew 10d9.5%5.6%17.8%10.1%7.8%
Call IV 25d18.7%16.2%19.9%19.6%19.9%
Put IV 25d23.0%21.4%26.7%26.7%23.9%
Bid-Ask Spread %77.9755.1986.9976.9282.29
Gamma HHI0.150.110.380.120.11
Net GEX522.7K-10.5M3.9M2.9M-607.4K
Net DEX-26.2M-82.2M29.1M-55.1M29.1M
Net VEX-983.8K-1.1M-684.5K-719.8K-960.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.121.420.870.19
Total Volume998.1053094,873715552
Total OI35,413.57931,48738,38031,48737,260

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$200.23$196.5421.6%7.7%17.1%18.2%28.0%7.1%0.5%2.9M-55.1M-719.8K0.8776.92N/AN/A38333213,65117,836
2023-02-02$194.66$188.6820.5%5.4%19.6%11.5%19.3%5.2%0.8%-1.8M-12.6M-684.5K0.1284.16N/AN/A4,33553814,04818,157
2023-02-03$192.09$188.6819.0%6.1%20.1%2.8%20.6%5.6%0.0%-10.5M-13.1M-932.5K1.3381.86N/AN/A1,2361,64317,90118,393
2023-02-06$196.38$188.6820.4%5.8%21.2%10.8%20.4%3.9%-0.4%2.7M-62.6M-997.9K0.5482.10N/AN/A53928916,91016,461
2023-02-07$199.20$188.6819.4%5.8%20.1%5.0%19.4%2.9%1.1%3.9M-82.2M-1.0M1.2078.49N/AN/A49159117,01216,619
2023-02-08$196.72$188.6820.4%5.9%20.3%10.9%21.7%5.0%0.1%3.1M-63.2M-1.0M1.4285.19N/AN/A33748017,31216,820
2023-02-09$193.09$188.6821.9%5.8%21.2%20.1%20.6%3.8%-1.9%857.5K-32.0M-1.0M0.6382.18N/AN/A71244917,56617,241
2023-02-10$194.61$188.6819.2%5.6%21.5%3.6%20.0%3.4%0.7%1.3M-47.0M-1.1M0.6682.39N/AN/A25716917,99117,875
2023-02-13$194.04$188.6820.6%5.9%21.3%12.6%20.3%4.4%2.3%1.5M-41.0M-1.1M0.3785.68N/AN/A30911317,92817,629
2023-02-14$191.60$188.6820.8%6.0%21.6%13.4%25.2%3.1%-0.2%-4.1K-22.0M-1.0M1.1382.53N/AN/A61369118,05117,696
2023-02-15$191.16$188.6820.1%5.8%21.5%9.2%19.7%3.3%-0.3%388.1K-25.4M-1.1M1.1655.19N/AN/A25830018,50917,893
2023-02-16$190.79$188.6820.2%5.9%21.4%10.1%19.4%4.1%-1.3%-293.8K-17.5M-1.0M1.0256.78N/AN/A25826518,74918,048
2023-02-17$191.38$188.6819.5%5.7%21.5%5.7%17.8%4.6%-1.3%1.7M-31.4M-1.0M0.8186.99N/AN/A17614220,11918,261
2023-02-21$188.88$188.6820.7%6.1%21.7%12.7%20.3%4.3%0.5%1.5M-13.3M-1.0M0.6675.35N/AN/A29619619,17916,224
2023-02-22$188.65$188.6821.4%6.0%20.8%17.1%20.8%3.4%-0.6%1.5M-12.5M-1.0M0.2371.62N/AN/A43910219,37816,430
2023-02-23$188.47$188.6819.8%5.7%20.8%7.2%20.2%4.9%-0.1%1.4M-12.8M-1.0M0.7977.09N/AN/A25320019,81916,502
2023-02-24$186.71$188.6820.6%5.8%20.6%12.2%23.1%2.7%0.3%448.1K3.9M-1.0M0.9876.93N/AN/A15615320,02116,659
2023-02-27$186.03$188.6821.2%5.7%19.4%16.1%20.2%5.5%0.4%-47.9K12.8M-978.7K1.3577.64N/AN/A30340819,97216,738
2023-02-28$184.43$188.6821.0%5.8%19.3%14.7%19.4%4.0%-0.3%-607.4K29.1M-960.5K0.1982.29N/AN/A4638920,27216,988