BDX Options History — July 2023

In July 2023, BDX traded between $201.27 and $223.88. ATM implied volatility averaged 18.6%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 3.3% (HV 20d: 15.3%). Max pain ranged from $196.54 to $212.26. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.31.

Notable Days

  • 2023-07-24: Highest Volume — 5,701 contracts
  • 2023-07-12: Largest IV spike — 28.6% change
  • 2023-07-31: Highest IV Rank — 44.0%
  • 2023-07-31: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$208.98$201.27$223.88$205.96$218.06
Max Pain$204.40$196.54$212.26$196.54$212.26
ATM IV18.6%13.5%22.6%14.1%22.6%
Expected Move5.6%4.0%6.5%4.0%6.5%
HV 20d15.3%9.7%24.5%12.9%24.5%
HV 60d17.2%15.6%19.9%16.2%19.9%
IV Rank25.5%2.6%44.0%5.2%44.0%
IV Percentile29.3%2.8%67.9%4.0%67.9%
Term Structure-1.8%-3.9%4.5%4.5%-3.8%
VWIV19.6%13.8%23.2%13.8%22.3%
Skew 25d4.1%2.0%5.5%3.2%2.7%
Skew 10d8.5%4.4%12.3%7.4%6.0%
Call IV 25d18.0%12.9%21.3%12.9%21.3%
Put IV 25d22.1%16.1%24.2%16.1%24.0%
Bid-Ask Spread %71.9127.1487.7387.7372.69
Gamma HHI0.240.220.280.250.22
Net GEX10.1M7.0M14.0M9.9M13.6M
Net DEX-138.4M-280.2M-61.5M-114.7M-215.3M
Net VEX-1.1M-1.2M-954.5K-1.1M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.0811.110.480.81
Total Volume1,138.1995,7015471,102
Total OI32,144.729,82237,74229,82237,742

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$205.96$196.5414.1%4.0%12.9%5.2%13.8%3.2%4.5%9.9M-114.7M-1.1M0.4887.73N/AN/A37017718,42711,395
2023-07-05$204.36$196.5414.0%4.0%13.1%5.1%14.1%3.2%4.5%9.5M-100.3M-1.1M0.9171.64N/AN/A19717918,70111,499
2023-07-06$203.37$204.4014.6%5.3%12.1%7.5%18.7%4.7%-1.4%8.6M-89.0M-1.1M0.7472.65N/AN/A1218918,71611,604
2023-07-07$202.00$204.4013.5%5.2%12.2%2.6%18.1%5.1%-1.3%7.9M-75.8M-1.1M0.4739.23N/AN/A673218,75211,691
2023-07-10$202.09$204.4015.0%5.3%11.4%9.4%19.4%5.0%-1.6%8.0M-78.4M-1.0M0.3482.86N/AN/A2658918,76611,688
2023-07-11$203.37$204.4014.3%5.4%11.3%6.3%17.8%5.3%-1.7%9.0M-87.8M-1.0M0.0827.74N/AN/A5414618,96211,696
2023-07-12$203.03$204.4018.4%5.3%11.4%24.9%19.4%4.9%-1.7%8.9M-85.7M-1.0M0.7882.52N/AN/A22117219,21211,751
2023-07-13$203.81$204.4019.1%5.5%11.4%28.1%20.8%4.8%-2.1%9.3M-88.4M-1.0M3.3327.14N/AN/A12240719,19211,839
2023-07-14$204.06$204.4019.1%5.5%10.8%28.2%18.6%4.7%-2.0%8.8M-90.5M-1.0M0.4784.21N/AN/A24411619,25912,084
2023-07-17$202.33$204.4019.4%5.6%10.7%29.2%20.3%5.0%-2.3%7.9M-71.9M-998.3K1.0977.30N/AN/A17619119,24812,076
2023-07-18$201.50$204.4018.9%5.4%10.1%27.1%19.6%5.3%-2.1%7.4M-64.8M-955.4K11.1180.76N/AN/A3639619,24912,020
2023-07-19$201.27$204.4019.1%5.5%9.7%27.9%20.7%5.5%-2.6%7.0M-61.5M-954.5K0.5584.26N/AN/A1277019,26712,204
2023-07-20$206.48$204.4021.7%6.2%13.3%39.7%19.8%5.1%-3.1%10.4M-118.4M-1.0M0.0961.81N/AN/A1,42712819,24912,186
2023-07-21$208.58$204.4020.1%5.8%13.7%32.5%20.7%5.4%-3.1%10.4M-141.7M-1.1M0.2980.01N/AN/A1,35139220,45012,196
2023-07-24$220.20$204.4021.8%6.2%23.1%40.1%22.1%3.0%-3.8%12.1M-231.5M-1.1M0.5675.68N/AN/A3,6582,04319,22811,045
2023-07-25$222.86$204.4022.2%6.4%23.1%41.9%23.2%2.9%-3.9%12.7M-267.5M-1.1M2.0679.85N/AN/A9211,89921,48012,608
2023-07-26$221.85$204.4020.8%6.0%23.4%35.7%20.8%2.0%-2.8%13.3M-258.7M-1.1M0.3883.15N/AN/A1,44255321,47313,183
2023-07-27$223.88$204.4021.4%6.1%23.4%38.7%21.0%2.2%-3.3%13.5M-280.2M-1.2M0.5983.08N/AN/A1,19170222,29713,666
2023-07-28$220.64$212.2621.0%6.0%24.4%36.8%20.9%2.1%-3.4%14.0M-245.9M-1.2M1.0683.86N/AN/A73077222,79813,995
2023-07-31$218.06$212.2622.6%6.5%24.5%44.0%22.3%2.7%-3.8%13.6M-215.3M-1.2M0.8172.69N/AN/A60849423,25514,487