BDX Options History — November 2023

In November 2023, BDX traded between $182.56 and $203.60. ATM implied volatility averaged 19.0%, placing in the 35.4% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 12.8% (HV 20d: 31.9%). Max pain ranged from $188.68 to $208.33. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.46.

Notable Days

  • 2023-11-09: Highest Volume — 7,700 contracts
  • 2023-11-08: Largest IV drop — 24.9% change
  • 2023-11-07: Highest IV Rank — 89.1%
  • 2023-11-01: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$189.88$182.56$203.60$199.72$185.96
Max Pain$197.66$188.68$208.33$204.40$188.68
ATM IV19.0%14.4%28.8%26.4%15.8%
Expected Move5.1%4.1%7.6%7.6%4.5%
HV 20d31.9%14.7%38.2%17.3%37.3%
HV 60d22.0%14.5%25.0%15.2%24.5%
IV Rank35.4%9.0%89.1%75.7%17.8%
IV Percentile37.4%7.1%98.4%94.4%11.9%
Term Structure0.1%-4.4%1.5%-4.4%0.4%
VWIV17.8%14.7%25.5%25.5%15.1%
Skew 25d2.9%1.6%4.8%4.8%2.1%
Skew 10d5.9%3.5%8.6%8.6%4.5%
Call IV 25d16.7%13.8%24.6%24.6%14.6%
Put IV 25d19.6%16.1%29.4%29.4%16.7%
Bid-Ask Spread %74.4637.9185.6781.5272.18
Gamma HHI0.150.130.170.130.13
Net GEX-1.2M-6.6M8.5M4.9M-4.3M
Net DEX58.3M-41.4M176.7M-1.6M72.8M
Net VEX-765.8K-1.1M-603.3K-1.1M-683.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.128.320.480.19
Total Volume2,130.5712457,700245651
Total OI50,008.85745,49054,21948,91649,751

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$199.72$204.4026.4%7.6%17.3%75.7%25.5%4.8%-4.4%4.9M-1.6M-1.1M0.4881.52N/AN/A1658029,95718,959
2023-11-02$201.56$208.3326.5%6.2%17.4%75.9%20.5%4.0%-0.7%6.1M-17.6M-1.1M0.4274.74N/AN/A29912630,06018,977
2023-11-03$203.60$208.3325.5%5.8%17.6%70.5%19.8%3.8%-0.2%8.3M-41.4M-1.1M0.1276.60N/AN/A4134830,13918,963
2023-11-06$203.04$208.3327.7%5.9%17.3%83.1%21.3%3.9%-0.9%8.5M-36.7M-1.1M0.3546.64N/AN/A47316430,36618,968
2023-11-07$201.52$208.3328.8%6.1%17.0%89.1%23.1%3.7%-1.1%7.0M-16.9M-1.0M0.8976.66N/AN/A51645930,70419,057
2023-11-08$201.75$208.3321.6%6.2%14.7%48.9%20.8%3.7%-1.3%6.7M-18.5M-1.0M0.8377.17N/AN/A2,2401,85830,71419,161
2023-11-09$182.56$208.3320.4%5.8%38.0%42.0%19.4%3.5%-0.4%-6.3M176.7M-615.3K1.0877.83N/AN/A3,7073,99331,92220,895
2023-11-10$184.07$200.4717.2%4.9%38.2%24.4%17.2%2.9%1.0%-6.3M123.5M-633.2K1.3664.39N/AN/A2,1122,87333,01219,236
2023-11-13$185.29$200.4717.4%5.0%38.2%28.2%17.2%2.8%0.4%-5.1M101.9M-648.8K2.7637.91N/AN/A8462,33433,77018,954
2023-11-14$183.40$200.4716.4%4.7%38.2%21.9%16.6%2.9%0.7%-6.4M115.6M-617.0K3.0380.30N/AN/A8792,66033,97018,854
2023-11-15$183.94$196.5416.6%4.8%38.1%23.0%16.3%2.7%0.7%-6.4M112.2M-607.8K8.3266.45N/AN/A6865,70634,44319,014
2023-11-16$184.83$192.6116.5%4.7%38.2%22.5%15.8%2.9%0.7%-6.6M100.5M-629.2K1.9085.21N/AN/A8031,52534,84618,963
2023-11-17$183.40$192.6116.1%4.6%38.0%19.8%16.4%2.6%1.0%-5.9M115.9M-603.3K1.4884.38N/AN/A1,1261,66835,20919,010
2023-11-20$183.81$192.6115.4%4.4%38.0%15.9%15.3%2.2%0.8%-3.5M78.9M-629.4K0.4276.40N/AN/A68728928,25217,238
2023-11-21$185.53$188.6815.9%4.6%37.7%18.9%15.7%2.1%0.8%-2.6M64.1M-669.2K0.2585.67N/AN/A1,05726128,66317,397
2023-11-22$186.10$188.6815.2%4.4%37.5%14.5%15.4%1.8%0.8%-2.3M59.9M-660.2K0.4874.17N/AN/A64430929,49517,447
2023-11-24$187.41$188.6814.4%4.1%37.7%9.0%14.7%2.3%1.5%-1.7M50.9M-655.9K0.9583.10N/AN/A19518429,82717,617
2023-11-27$187.63$188.6815.3%4.4%37.6%15.1%15.6%1.7%0.6%-1.6M48.2M-664.3K1.9885.22N/AN/A5811,14929,94417,741
2023-11-28$186.86$188.6814.8%4.2%37.5%11.7%15.6%1.9%0.5%-3.1M61.5M-675.6K0.9485.45N/AN/A27025430,29018,896
2023-11-29$185.61$188.6815.5%4.4%37.5%16.3%15.5%1.6%0.7%-4.3M73.8M-654.9K2.3571.57N/AN/A13531730,41719,088
2023-11-30$185.96$188.6815.8%4.5%37.3%17.8%15.1%2.1%0.4%-4.3M72.8M-683.5K0.1972.18N/AN/A54710430,47619,275