BDX Options History — December 2023

In December 2023, BDX traded between $182.97 and $191.78. ATM implied volatility averaged 16.4%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 1.8% (HV 20d: 18.2%). Max pain ranged from $188.68 to $192.61. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 4.00.

Notable Days

  • 2023-12-13: Highest Volume — 7,380 contracts
  • 2023-12-11: Largest IV spike — 13.5% change
  • 2023-12-20: Highest IV Rank — 29.7%
  • 2023-12-20: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$187.60$182.97$191.78$187.21$191.78
Max Pain$189.47$188.68$192.61$188.68$188.68
ATM IV16.4%14.6%17.6%14.7%16.1%
Expected Move4.7%4.2%5.1%4.2%4.6%
HV 20d18.2%9.8%37.2%37.2%12.6%
HV 60d24.8%24.6%25.2%24.6%24.6%
IV Rank21.9%10.4%29.7%11.0%19.9%
IV Percentile22.7%7.5%38.1%7.9%17.5%
Term Structure2.6%0.9%3.3%0.9%3.2%
VWIV16.6%14.8%17.5%14.8%16.3%
Skew 25d2.0%1.2%2.8%1.2%1.8%
Skew 10d4.6%2.3%6.0%2.3%4.2%
Call IV 25d15.8%14.7%16.9%14.7%15.5%
Put IV 25d17.8%15.9%18.8%15.9%17.4%
Bid-Ask Spread %74.0546.6186.5986.5971.97
Gamma HHI0.120.090.190.130.12
Net GEX-983.6K-7.2M3.9M-3.2M3.5M
Net DEX23.1M-32.8M103.6M56.5M-27.9M
Net VEX-666.9K-707.8K-631.4K-681.4K-638.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.000.3614.400.410.90
Total Volume1,926.953747,380374807
Total OI47,849.7542,49351,94250,06044,368

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$187.21$188.6814.7%4.2%37.2%11.0%14.8%1.2%0.9%-3.2M56.5M-681.4K0.4186.59N/AN/A26510930,75719,303
2023-12-04$186.93$192.6116.2%4.7%36.9%20.7%17.3%2.3%2.4%-3.4M59.0M-682.5K2.4477.62N/AN/A33381430,88319,362
2023-12-05$184.37$192.6116.6%4.9%37.0%22.9%16.3%2.8%2.1%-5.7M90.0M-668.1K0.3677.98N/AN/A83830531,10320,021
2023-12-06$183.33$192.6116.4%4.8%37.0%21.9%16.8%2.6%2.6%-6.9M103.6M-657.5K0.5877.27N/AN/A26115131,53920,198
2023-12-07$183.16$192.6116.3%4.7%37.0%21.2%17.3%2.5%2.3%-6.2M95.3M-642.8K1.1078.68N/AN/A86495031,62820,182
2023-12-08$183.18$188.6814.6%4.5%10.3%10.4%16.2%2.4%2.7%-5.9M64.5M-680.7K0.8879.24N/AN/A37332732,07219,542
2023-12-11$182.97$188.6816.5%4.5%9.8%22.8%16.6%2.1%2.5%-7.2M70.8M-641.6K1.0979.96N/AN/A17919532,11419,449
2023-12-12$186.08$188.6817.1%4.6%11.3%26.4%15.9%2.2%2.7%-2.8M26.6M-652.6K3.6078.16N/AN/A3771,35732,22419,168
2023-12-13$188.42$188.6815.7%4.5%11.4%17.4%15.6%1.8%2.9%755.2K-1.1M-668.5K12.5678.35N/AN/A5446,83632,25318,317
2023-12-14$187.65$188.6816.5%4.7%11.6%22.5%16.5%1.7%2.4%-607.2K10.2M-674.6K2.6678.12N/AN/A5691,51432,48319,118
2023-12-15$185.89$188.6816.6%4.8%12.0%23.4%16.4%2.1%2.8%-1.0M32.4M-665.8K1.6579.56N/AN/A9871,62732,82419,118
2023-12-18$187.30$188.6816.4%4.7%11.9%21.8%16.5%1.8%2.7%-272.8K10.6M-661.0K4.1246.61N/AN/A4071,67625,07617,417
2023-12-19$189.20$188.6816.3%4.7%12.3%21.1%16.5%1.9%3.0%1.5M-5.4M-673.7K2.1177.87N/AN/A6961,46725,24217,589
2023-12-20$188.90$188.6817.6%5.1%12.0%29.7%17.0%1.8%2.4%1.7M-8.4M-689.0K6.3280.34N/AN/A4522,85225,68217,625
2023-12-21$191.19$188.6817.1%4.9%12.6%26.1%17.2%1.8%2.5%3.7M-26.4M-701.3K10.7562.66N/AN/A3844,12925,97917,688
2023-12-22$191.31$188.6816.9%4.8%12.5%24.7%17.5%2.2%3.0%3.6M-21.1M-707.8K4.7279.73N/AN/A2661,25525,96418,056
2023-12-26$191.56$188.6817.2%4.9%12.5%26.9%17.4%1.5%2.7%3.9M-32.8M-667.0K8.7560.91N/AN/A1391,21326,02418,101
2023-12-27$190.06$188.6817.0%4.9%12.7%25.9%17.0%2.0%3.0%1.6M-11.1M-652.7K14.4066.62N/AN/A1692,43626,06518,157
2023-12-28$191.48$188.6816.3%4.7%12.6%21.4%16.9%1.5%3.3%3.3M-23.3M-631.4K0.7062.81N/AN/A24417226,14018,164
2023-12-29$191.78$188.6816.1%4.6%12.6%19.9%16.3%1.8%3.2%3.5M-27.9M-638.6K0.9071.97N/AN/A42538226,15918,209