BDX Options History — January 2025

In January 2025, BDX traded between $178.36 and $196.26. ATM implied volatility averaged 21.4%, placing in the 28.3% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 7.4% (HV 20d: 14.1%). Max pain ranged from $176.89 to $188.68. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 3.65.

Notable Days

  • 2025-01-31: Highest Volume — 12,860 contracts
  • 2025-01-13: Largest IV spike — 20.0% change
  • 2025-01-13: Highest IV Rank — 46.2%
  • 2025-01-31: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$187.42$178.36$196.26$178.36$194.74
Max Pain$182.59$176.89$188.68$180.82$188.68
ATM IV21.4%16.4%26.0%19.1%25.4%
Expected Move6.2%4.7%7.3%5.5%7.3%
HV 20d14.1%10.7%18.3%18.1%12.4%
HV 60d17.8%17.5%18.4%17.7%18.2%
IV Rank28.3%8.3%46.2%18.8%43.7%
IV Percentile63.1%8.7%86.9%52.8%82.9%
Term Structure-1.7%-3.7%2.5%1.5%-3.7%
VWIV21.7%18.1%26.2%18.1%26.2%
Skew 25d1.7%-2.5%2.9%2.5%1.3%
Skew 10d5.2%-2.5%10.5%5.6%3.5%
Call IV 25d20.7%17.5%24.9%17.5%24.9%
Put IV 25d22.5%17.1%26.2%20.1%26.2%
Bid-Ask Spread %79.1770.7693.6187.7075.97
Gamma HHI0.210.150.430.180.15
Net GEX11.6M3.2M27.3M3.2M7.5M
Net DEX-88.5M-144.9M-4.3M-4.3M-109.0M
Net VEX-452.3K-529.3K-369.1K-471.0K-529.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.650.0144.130.1944.13
Total Volume2,422.5540812,8601,21112,860
Total OI30,171.216,93137,55133,63326,523

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$178.36$180.8219.1%5.5%18.1%18.8%18.1%2.5%1.5%3.2M-4.3M-471.0K0.1987.70N/AN/A1,01919218,18315,450
2025-01-03$179.90$180.8216.4%4.7%18.3%8.3%18.5%0.9%2.5%7.3M-30.8M-474.8K3.7391.36N/AN/A12245518,95815,406
2025-01-06$181.20$180.8218.8%5.8%18.3%17.9%20.7%2.5%-0.8%9.5M-47.5M-463.8K0.0875.76N/AN/A2,70420718,95515,716
2025-01-07$182.18$180.8218.6%5.9%17.5%16.8%20.6%2.3%-1.0%12.9M-60.6M-454.5K0.1677.39N/AN/A78712819,94515,731
2025-01-08$183.94$180.8219.4%6.3%16.9%20.0%22.4%1.5%-2.5%13.8M-86.9M-463.5K0.0679.65N/AN/A1,6479919,85315,707
2025-01-10$183.69$180.8221.6%6.3%16.4%29.1%21.7%2.0%-1.4%15.4M-89.0M-455.1K0.3076.39N/AN/A54416420,99715,735
2025-01-13$186.23$180.8226.0%6.6%16.7%46.2%23.5%1.8%-1.8%18.4M-127.9M-440.6K0.5874.31N/AN/A1,22771121,24215,806
2025-01-14$184.96$180.8224.1%6.3%13.3%38.9%21.8%2.4%-1.3%21.1M-112.4M-408.7K0.3570.80N/AN/A71925321,57215,442
2025-01-15$183.58$180.8221.0%6.0%13.2%26.3%21.7%2.7%-1.6%20.8M-83.2M-381.4K2.4071.79N/AN/A1,6744,01721,63315,460
2025-01-16$185.51$176.8920.7%5.9%13.1%25.3%20.4%2.1%-0.9%27.3M-116.3M-391.9K0.1078.11N/AN/A6586621,46815,892
2025-01-17$187.18$180.8218.9%5.4%11.7%18.4%19.3%-2.5%-0.8%10.0M-144.9M-369.1K0.2886.30N/AN/A76821621,67115,880
2025-01-21$188.96$180.8219.2%5.5%11.9%19.5%18.7%2.1%-1.2%6.5M-63.8M-375.7K0.1576.88N/AN/A1,44921410,0346,897
2025-01-22$187.70$180.8220.6%5.9%12.2%24.9%20.0%1.7%-2.3%6.3M-58.0M-400.0K0.1480.06N/AN/A1,55421811,2376,969
2025-01-23$189.12$180.8221.1%6.0%11.1%26.8%20.6%1.9%-1.7%7.7M-74.0M-429.2K0.0179.41N/AN/A2,8052712,5047,060
2025-01-24$191.05$180.8223.7%6.8%10.7%37.0%22.6%0.8%-2.4%9.6M-94.1M-475.2K2.8193.61N/AN/A1,3843,88614,9507,079
2025-01-27$194.58$188.6823.0%6.6%11.9%34.5%24.6%2.5%-3.6%9.6M-119.2M-509.5K11.5070.76N/AN/A3413,92215,8279,004
2025-01-28$196.26$188.6823.0%6.6%12.0%34.4%23.2%1.2%-3.1%8.9M-128.2M-518.6K0.5574.82N/AN/A27615316,01210,059
2025-01-29$194.19$188.6824.0%6.9%13.1%38.2%24.4%2.0%-3.7%7.8M-106.4M-515.8K2.2880.46N/AN/A17640116,02610,171
2025-01-30$195.00$188.6824.5%7.0%12.4%40.3%25.4%2.9%-3.5%8.0M-113.3M-519.1K3.1781.83N/AN/A9831016,03010,340
2025-01-31$194.74$188.6825.4%7.3%12.4%43.7%26.2%1.3%-3.7%7.5M-109.0M-529.3K44.1375.97N/AN/A28512,57516,07410,449