BDX Options History — March 2023

In March 2023, BDX traded between $180.28 and $194.18. ATM implied volatility averaged 20.9%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 5.5% (HV 20d: 15.4%). Max pain ranged from $180.82 to $188.68. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.16.

Notable Days

  • 2023-03-21: Highest Volume — 2,608 contracts
  • 2023-03-16: Largest IV drop — 12.4% change
  • 2023-03-13: Highest IV Rank — 43.7%
  • 2023-03-15: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$186.59$180.28$194.18$182.44$194.18
Max Pain$188.34$180.82$188.68$188.68$188.68
ATM IV20.9%17.4%25.5%21.6%19.4%
Expected Move5.8%4.8%6.9%5.8%4.8%
HV 20d15.4%12.0%19.2%19.2%16.6%
HV 60d17.3%16.6%18.0%17.4%17.8%
IV Rank17.0%0.0%43.7%18.5%11.8%
IV Percentile19.8%0.0%60.3%29.0%3.2%
Term Structure0.1%-2.2%4.5%-0.5%2.0%
VWIV20.3%16.7%26.1%20.4%16.7%
Skew 25d5.5%3.3%8.3%4.4%5.2%
Skew 10d11.1%-2.7%20.9%12.9%12.2%
Call IV 25d18.5%14.6%23.5%19.6%16.3%
Put IV 25d24.0%19.2%29.2%24.0%21.4%
Bid-Ask Spread %88.8179.8095.3379.8090.40
Gamma HHI0.120.090.280.110.12
Net GEX1.2M-6.8M6.7M-869.2K6.7M
Net DEX-1.5M-74.6M55.4M46.7M-74.6M
Net VEX-943.2K-980.0K-881.7K-941.7K-980.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.114.730.501.25
Total Volume832.4781502,608910773
Total OI34,331.73926,50439,76737,43630,078

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$182.44$188.6821.6%5.8%19.2%18.5%20.4%4.4%-0.5%-869.2K46.7M-941.7K0.5079.80N/AN/A60730320,43816,998
2023-03-02$183.97$188.6819.4%5.5%18.6%5.0%17.1%4.8%-0.7%-498.5K31.3M-933.0K0.6182.08N/AN/A1277820,72517,084
2023-03-03$186.25$188.6818.1%5.1%17.1%0.0%18.3%4.6%-1.6%-306.3K12.1M-950.2K0.2381.88N/AN/A2896620,77417,121
2023-03-06$185.74$188.6820.1%5.5%16.6%11.9%20.2%5.0%-1.2%-285.1K20.0M-925.8K0.3184.62N/AN/A41012820,70417,023
2023-03-07$185.28$188.6821.2%5.7%14.1%18.3%19.7%3.9%0.5%170.2K20.3M-925.6K0.9388.69N/AN/A20919520,79217,120
2023-03-08$185.15$188.6819.9%5.5%12.6%10.4%19.7%3.4%0.2%-360.8K21.9M-923.7K1.9187.10N/AN/A35668120,99417,042
2023-03-09$182.62$188.6821.9%6.2%12.7%22.7%19.3%3.3%-0.2%-327.8K38.8M-919.5K0.5986.98N/AN/A1237321,17217,391
2023-03-10$180.28$188.6824.3%6.4%12.0%36.6%23.2%7.6%-0.2%-605.9K55.4M-881.7K0.9888.44N/AN/A38037321,22517,161
2023-03-13$182.41$180.8225.5%6.8%12.5%43.7%22.9%6.6%-2.2%502.9K31.7M-925.3K0.6990.03N/AN/A25317421,21417,091
2023-03-14$182.26$188.6823.8%6.5%12.5%33.9%22.8%6.6%-1.1%-67.6K45.2M-898.0K0.1387.84N/AN/A1,24316721,38117,227
2023-03-15$184.12$188.6824.9%6.9%12.8%40.3%23.4%5.8%-1.1%930.0K19.4M-940.7K0.1689.11N/AN/A67511121,90417,322
2023-03-16$187.33$188.6821.8%6.0%14.6%22.0%21.4%6.1%-1.2%-357.4K-4.8M-966.7K1.1188.92N/AN/A717922,27417,386
2023-03-17$185.43$188.6820.9%5.9%14.9%16.7%18.7%6.3%-0.1%3.7M28.5M-934.4K0.1190.73N/AN/A7688822,32717,440
2023-03-20$187.17$188.6820.3%5.8%15.3%12.9%19.7%4.8%-2.1%3.8M-30.6M-945.6K0.2689.65N/AN/A45011815,64910,855
2023-03-21$189.21$188.6819.7%5.6%15.2%9.2%17.3%5.9%-2.0%4.9M-40.7M-949.1K4.3891.58N/AN/A4852,12315,92010,954
2023-03-22$189.57$188.6819.6%5.6%15.2%8.9%18.9%5.0%-1.0%-601.7K-34.0M-971.6K0.8795.33N/AN/A40735416,03613,032
2023-03-23$185.97$188.6821.2%6.0%16.7%18.2%23.2%4.1%1.4%-2.7M2.6M-936.7K1.2292.40N/AN/A59372116,34313,297
2023-03-24$188.99$188.6820.6%5.9%17.4%14.9%20.4%5.9%0.5%-6.8M-33.1M-973.0K3.3189.36N/AN/A5601,85316,67813,367
2023-03-27$190.57$188.6821.6%5.7%17.5%20.4%21.2%8.3%1.1%4.2M-44.6M-968.5K0.4291.83N/AN/A67328416,63312,364
2023-03-28$189.41$188.6819.5%5.6%17.3%8.2%26.1%4.3%3.6%4.0M-38.1M-964.1K4.7391.58N/AN/A16477617,00812,370
2023-03-29$191.07$188.6817.4%5.5%16.9%0.0%19.0%7.8%4.4%5.1M-50.0M-963.3K0.4992.02N/AN/A40319616,99912,731
2023-03-30$192.24$188.6818.6%5.5%16.8%7.2%18.1%6.2%4.5%6.3M-57.4M-975.0K1.4992.32N/AN/A7511217,19112,795
2023-03-31$194.18$188.6819.4%4.8%16.6%11.8%16.7%5.2%2.0%6.7M-74.6M-980.0K1.2590.40N/AN/A34343017,20012,878