BDX Options History — September 2025

In September 2025, BDX traded between $142.35 and $150.98. ATM implied volatility averaged 21.9%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 1.3% (HV 20d: 20.5%). Max pain ranged from $149.37 to $149.37. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.73.

Notable Days

  • 2025-09-09: Highest Volume — 7,141 contracts
  • 2025-09-03: Largest IV drop — 9.4% change
  • 2025-09-16: Highest IV Rank — 25.0%
  • 2025-09-16: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.47$142.35$150.98$148.14$146.89
Max Pain$149.37$149.37$149.37$149.37$149.37
ATM IV21.9%19.5%23.9%21.5%22.9%
Expected Move6.3%5.6%6.9%6.2%6.6%
HV 20d20.5%14.6%37.4%37.4%15.8%
HV 60d26.1%25.8%26.3%26.3%25.8%
IV Rank19.6%13.5%25.0%18.7%22.2%
IV Percentile46.9%32.1%59.5%46.8%51.2%
Term Structure4.5%0.7%7.3%0.7%6.8%
VWIV21.6%17.9%22.8%20.9%22.6%
Skew 25d3.4%1.8%11.4%2.1%3.4%
Skew 10d6.7%5.1%13.6%5.6%6.9%
Call IV 25d19.9%12.4%21.7%20.7%21.3%
Put IV 25d23.3%21.9%25.0%22.8%24.6%
Bid-Ask Spread %85.6781.0190.3086.9486.73
Gamma HHI0.200.150.340.190.19
Net GEX5.8M2.2M8.9M6.8M3.7M
Net DEX-30.5M-56.1M-11.3M-15.5M-35.1M
Net VEX-479.2K-529.9K-439.4K-519.0K-475.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.730.0324.991.031.20
Total Volume1,194.6671717,141464370
Total OI31,045.33318,77638,92038,33920,326

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$148.14$149.3721.5%6.2%37.4%18.7%20.9%2.1%0.7%6.8M-15.5M-519.0K1.0386.94N/AN/A22923524,22714,112
2025-09-03$148.67$149.3719.5%5.6%37.0%13.5%21.1%3.3%1.3%7.1M-19.6M-523.5K0.7288.25N/AN/A57641624,28014,222
2025-09-04$150.03$149.3721.0%6.1%35.9%17.3%21.5%4.2%3.6%8.1M-35.5M-529.9K0.3981.01N/AN/A33713224,55114,369
2025-09-05$150.98$149.3719.8%6.0%21.6%14.2%22.0%5.1%4.3%8.9M-43.1M-522.4K0.0385.80N/AN/A5,40318224,28014,342
2025-09-08$150.27$149.3721.1%6.0%18.8%17.6%21.3%2.7%4.4%8.5M-25.9M-509.2K0.6283.34N/AN/A25816023,37014,403
2025-09-09$149.56$149.3720.3%6.4%18.8%15.7%21.4%2.1%3.8%7.9M-26.0M-515.9K24.9984.36N/AN/A2756,86623,35414,435
2025-09-10$148.18$149.3721.6%6.2%18.8%18.9%21.8%2.7%4.1%6.8M-39.3M-488.3K0.4585.41N/AN/A22810323,23811,868
2025-09-11$149.46$149.3720.3%5.8%18.8%15.5%20.8%2.9%5.3%8.4M-56.1M-485.4K0.2283.14N/AN/A2846423,29511,799
2025-09-12$147.37$149.3721.8%6.2%19.3%19.4%20.7%2.1%3.6%6.5M-31.6M-467.4K0.3084.71N/AN/A1323923,59611,826
2025-09-15$146.49$149.3723.2%6.7%19.3%23.1%22.5%3.1%2.5%5.5M-24.6M-439.4K0.4987.18N/AN/A28413923,53511,574
2025-09-16$146.38$149.3723.9%6.9%19.3%25.0%22.5%3.9%2.8%5.6M-27.8M-443.8K0.3786.06N/AN/A46917223,61511,538
2025-09-17$147.40$149.3722.8%6.5%18.8%22.1%22.4%2.9%3.9%6.4M-33.2M-441.5K0.7482.50N/AN/A43932623,63511,673
2025-09-18$148.26$149.3722.5%6.5%18.5%21.3%22.7%2.6%4.8%8.3M-40.1M-451.3K0.9085.08N/AN/A49944923,86011,880
2025-09-19$147.37$149.3721.1%6.0%17.7%17.6%21.0%1.8%6.8%5.0M-29.4M-448.3K0.2090.30N/AN/A2,08640724,16312,037
2025-09-22$147.14$149.3722.7%6.5%16.6%21.7%21.9%3.2%7.3%3.0M-33.5M-468.9K0.0985.80N/AN/A8767511,6347,142
2025-09-23$146.42$149.3722.8%6.5%14.6%22.1%22.0%3.1%5.3%3.3M-33.8M-474.0K0.2085.74N/AN/A76315412,2727,211
2025-09-24$145.97$149.3722.9%6.6%14.6%22.3%21.7%3.0%4.8%3.4M-31.9M-477.9K1.4385.82N/AN/A11616512,6787,328
2025-09-25$142.35$149.3723.4%6.7%16.3%23.5%22.8%3.7%5.8%2.2M-11.3M-448.3K0.9784.25N/AN/A38937712,6087,407
2025-09-26$144.89$149.3721.8%6.3%16.8%19.5%21.9%2.8%6.7%3.0M-23.9M-472.4K0.7287.06N/AN/A1238912,6507,448
2025-09-29$144.76$149.3722.2%6.4%16.6%20.5%17.9%11.4%6.7%3.0M-23.2M-461.3K0.2689.66N/AN/A3188412,7017,470
2025-09-30$146.89$149.3722.9%6.6%15.8%22.2%22.6%3.4%6.8%3.7M-35.1M-475.1K1.2086.73N/AN/A16820212,8037,523