BDX Options History — May 2025

In May 2025, BDX traded between $129.92 and $138.89. ATM implied volatility averaged 25.9%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 40.8% (HV 20d: 66.7%). Max pain ranged from $145.44 to $172.96. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2025-05-01: Highest Volume — 17,367 contracts
  • 2025-05-16: Largest IV drop — 14.6% change
  • 2025-05-01: Highest IV Rank — 47.8%
  • 2025-05-01: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$135.23$129.92$138.89$135.37$135.97
Max Pain$163.97$145.44$172.96$165.09$157.23
ATM IV25.9%22.0%32.7%32.7%22.5%
Expected Move7.3%6.3%9.4%9.4%6.5%
HV 20d66.7%24.3%73.0%73.0%24.3%
HV 60d45.5%44.2%47.0%47.0%45.7%
IV Rank30.0%20.0%47.8%47.8%21.2%
IV Percentile76.1%59.9%92.5%92.5%59.9%
Term Structure1.2%-3.3%3.0%-3.3%2.4%
VWIV25.5%22.3%31.6%31.6%22.8%
Skew 25d4.0%2.0%5.6%4.9%2.2%
Skew 10d7.1%3.2%10.5%8.2%3.2%
Call IV 25d23.7%21.0%30.5%30.5%22.0%
Put IV 25d27.6%24.2%35.4%35.4%24.2%
Bid-Ask Spread %78.3566.2483.5466.2478.67
Gamma HHI0.200.110.530.120.26
Net GEX-812.8K-2.6M5.8M-1.9M-2.2M
Net DEX139.1M100.7M204.8M204.8M127.7M
Net VEX-483.8K-619.8K-206.9K-206.9K-619.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.205.202.020.56
Total Volume3,716.90552417,36717,367524
Total OI71,813.1959,41376,38959,41375,076

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$135.37$165.0932.7%9.4%73.0%47.8%31.6%4.9%-3.3%-1.9M204.8M-206.9K2.0266.24N/AN/A5,75511,61242,14617,267
2025-05-02$132.43$145.4429.5%8.5%73.0%39.5%31.5%5.0%-0.9%-2.0M185.2M-294.5K0.6378.42N/AN/A4,7903,02146,45718,674
2025-05-05$131.42$172.9629.9%8.0%70.7%40.5%28.9%4.5%0.1%-1.2M179.1M-319.5K0.8775.47N/AN/A3,0462,64849,52219,614
2025-05-06$129.92$172.9628.7%7.8%70.7%37.4%27.0%5.6%1.9%-1.7M178.4M-341.6K0.4074.61N/AN/A2,9421,16950,80020,508
2025-05-07$131.47$172.9626.8%7.5%70.6%32.5%25.2%5.2%2.0%-1.6M157.3M-382.8K0.3681.51N/AN/A3,3641,22752,57220,217
2025-05-08$132.37$172.9627.2%7.4%67.9%33.4%25.8%4.6%2.4%-164.2K142.2M-432.8K0.2775.10N/AN/A4,4151,18953,33520,123
2025-05-09$131.88$172.9626.1%7.2%66.6%30.7%25.3%4.3%2.5%-541.6K146.7M-427.7K0.6275.71N/AN/A1,37684853,48520,127
2025-05-12$137.42$172.9626.3%6.6%68.4%31.1%23.3%4.1%3.0%1.8M111.4M-471.2K0.2977.68N/AN/A3,11189053,92020,571
2025-05-13$138.51$172.9627.5%7.1%67.7%34.2%24.7%4.0%1.8%2.1M100.7M-493.5K0.2381.00N/AN/A3,12170554,07020,839
2025-05-14$134.73$169.0325.6%7.3%67.9%29.3%25.2%4.1%1.8%-324.5K135.3M-463.0K1.9079.13N/AN/A8261,56654,13321,143
2025-05-15$135.46$169.0325.8%7.4%68.1%29.7%25.0%5.3%0.4%-76.9K131.6M-472.0K0.3481.88N/AN/A1,01534754,37821,539
2025-05-16$137.48$169.0322.0%6.3%68.5%20.0%22.3%3.6%0.4%5.8M112.5M-489.3K0.3579.75N/AN/A2,28179554,64421,745
2025-05-19$138.89$157.2323.3%6.7%68.7%23.4%24.9%4.1%1.1%-134.3K108.8M-538.2K5.2079.88N/AN/A8754,55146,72319,069
2025-05-20$138.80$157.2323.1%6.6%68.2%22.9%22.5%4.2%0.9%-2.3M123.8M-566.1K0.2881.13N/AN/A76621646,97822,396
2025-05-21$136.49$157.2324.3%7.0%67.9%25.9%25.0%3.9%1.9%-2.6M136.4M-578.1K0.2780.36N/AN/A1,46039447,38622,517
2025-05-22$135.82$157.2324.8%7.1%67.5%27.2%25.5%3.0%0.8%-2.2M133.3M-602.8K0.2078.41N/AN/A2,04940448,83322,794
2025-05-23$134.98$157.2326.1%7.5%67.4%30.5%26.2%3.5%-0.2%-2.1M137.7M-618.6K0.9482.20N/AN/A33631549,78122,843
2025-05-27$137.28$157.2323.7%6.8%68.0%24.4%24.5%2.0%2.1%-1.8M117.4M-616.3K0.2475.22N/AN/A1,87744949,89923,014
2025-05-28$136.45$157.2323.9%6.9%67.7%24.9%23.6%2.4%1.9%-1.9M126.9M-606.4K0.5079.42N/AN/A68834251,17823,108
2025-05-29$136.63$157.2323.6%6.8%67.8%24.0%24.2%2.7%2.1%-2.0M123.9M-619.2K0.6883.54N/AN/A44630451,36023,293
2025-05-30$135.97$157.2322.5%6.5%24.3%21.2%22.8%2.2%2.4%-2.2M127.7M-619.8K0.5678.67N/AN/A33618851,65523,421