BDX Options History — November 2025

In November 2025, BDX traded between $138.93 and $153.36. ATM implied volatility averaged 26.8%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 4.9% (HV 20d: 21.9%). Max pain ranged from $141.51 to $149.37. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2025-11-20: Highest Volume — 1,713 contracts
  • 2025-11-06: Largest IV drop — 28.5% change
  • 2025-11-03: Highest IV Rank — 62.4%
  • 2025-11-03: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.58$138.93$153.36$139.17$152.36
Max Pain$143.16$141.51$149.37$149.37$145.44
ATM IV26.8%21.6%38.4%38.4%25.3%
Expected Move7.7%6.2%11.0%11.0%7.2%
HV 20d21.9%17.5%25.3%17.5%21.9%
HV 60d19.7%18.1%21.1%18.1%19.6%
IV Rank32.5%19.0%62.4%62.4%28.5%
IV Percentile65.7%36.9%94.4%94.4%63.1%
Term Structure-1.7%-8.0%1.3%-8.0%-3.4%
VWIV26.4%21.3%37.5%36.5%24.2%
Skew 25d3.6%2.0%8.3%5.5%2.6%
Skew 10d6.9%1.3%15.5%4.8%8.2%
Call IV 25d24.6%20.6%35.3%35.3%20.9%
Put IV 25d28.2%23.0%40.8%40.8%23.5%
Bid-Ask Spread %86.7081.8892.9386.2992.93
Gamma HHI0.170.090.250.090.20
Net GEX3.5M-65.2K6.9M492.1K4.9M
Net DEX-34.2M-63.8M13.6M7.3M-53.8M
Net VEX-406.7K-427.0K-379.6K-404.1K-398.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.092.620.320.19
Total Volume715.4742911,713291357
Total OI22,553.10520,65224,61121,41521,680

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$139.17$149.3738.4%11.0%17.5%62.4%36.5%5.5%-8.0%492.1K7.3M-404.1K0.3286.29N/AN/A2217012,6088,807
2025-11-04$141.26$149.3736.3%10.4%18.7%57.0%37.5%4.3%-6.7%1.0M-1.3M-416.6K1.0884.43N/AN/A17919312,7298,838
2025-11-05$138.94$149.3737.6%10.8%19.0%60.3%36.8%8.3%-7.9%321.3K10.9M-392.1K0.7181.88N/AN/A32823312,7768,918
2025-11-06$138.93$141.5126.8%7.5%18.4%32.5%26.4%4.2%-0.1%-65.2K13.6M-379.6K0.8787.01N/AN/A75265412,9439,032
2025-11-07$139.31$141.5126.3%7.5%17.9%31.2%26.9%4.4%-1.1%-3.0K9.7M-379.7K2.6286.12N/AN/A8823013,1509,261
2025-11-10$142.56$141.5125.7%7.2%20.1%29.4%25.0%3.0%0.4%964.2K-4.7M-394.2K0.9684.93N/AN/A32731513,1549,255
2025-11-11$148.10$141.5125.0%7.1%24.4%27.7%24.6%2.0%-0.1%3.5M-36.9M-414.7K1.5283.43N/AN/A21132113,2069,356
2025-11-12$151.20$141.5124.7%7.1%25.3%27.0%25.5%2.8%-0.6%4.6M-55.5M-425.2K0.9284.53N/AN/A40437413,2509,418
2025-11-13$151.36$141.5125.5%7.3%24.9%29.1%25.9%2.4%-1.9%4.7M-59.8M-425.6K0.9284.99N/AN/A45241513,4449,551
2025-11-14$151.80$141.5124.3%7.0%23.5%25.9%24.8%3.2%-0.5%5.1M-59.9M-427.0K0.6785.86N/AN/A68746013,6149,658
2025-11-17$150.25$141.5126.0%7.5%23.4%30.3%23.2%3.1%-0.6%4.9M-49.8M-415.7K0.7088.37N/AN/A36525613,9449,717
2025-11-18$151.17$141.5125.9%7.4%22.7%30.2%26.1%3.4%-1.9%5.7M-57.6M-414.5K0.4686.47N/AN/A27012514,2129,824
2025-11-19$150.31$141.5125.3%7.3%22.8%28.6%26.8%5.2%-0.8%4.9M-46.5M-417.8K0.2688.57N/AN/A2446214,3569,822
2025-11-20$148.98$141.5126.2%7.5%23.0%30.9%24.8%2.5%-0.1%4.5M-41.3M-400.3K0.1187.34N/AN/A1,53717614,4509,817
2025-11-21$151.46$141.5121.6%6.2%23.5%19.0%22.0%2.2%1.3%6.9M-63.8M-400.4K0.0992.07N/AN/A1,43512314,8049,807
2025-11-24$150.79$141.5123.7%6.8%23.6%24.4%21.6%3.9%-0.3%4.0M-44.1M-400.2K0.0987.16N/AN/A5425112,6757,977
2025-11-25$153.36$141.5123.0%6.6%23.4%22.5%21.3%3.8%0.3%4.9M-58.2M-411.8K0.2587.75N/AN/A59114513,0277,983
2025-11-26$152.73$145.4422.4%6.4%22.7%21.0%21.8%2.0%-0.1%5.1M-57.9M-409.0K0.1587.24N/AN/A3495213,4128,034
2025-11-28$152.36$145.4425.3%7.2%21.9%28.5%24.2%2.6%-3.4%4.9M-53.8M-398.0K0.1992.93N/AN/A3015613,6318,049