BDX Options History — December 2025

In December 2025, BDX traded between $148.61 and $158.03. ATM implied volatility averaged 21.4%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.3% (HV 20d: 23.8%). Max pain ranged from $145.44 to $153.30. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2025-12-04: Highest Volume — 15,150 contracts
  • 2025-12-19: Largest IV drop — 19.1% change
  • 2025-12-01: Highest IV Rank — 24.3%
  • 2025-12-01: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$153.53$148.61$158.03$150.81$153.07
Max Pain$149.73$145.44$153.30$145.44$153.30
ATM IV21.4%17.2%23.8%23.7%17.2%
Expected Move6.1%4.9%6.8%6.8%4.9%
HV 20d23.8%20.7%25.6%22.4%23.8%
HV 60d21.6%19.7%23.2%19.7%21.5%
IV Rank15.1%2.3%24.3%24.3%2.3%
IV Percentile32.6%2.0%53.6%52.4%2.0%
Term Structure4.8%-1.0%9.9%-1.0%9.9%
VWIV21.8%17.7%26.9%23.2%19.8%
Skew 25d1.4%-1.8%3.2%2.1%1.7%
Skew 10d3.5%-4.0%13.0%4.0%1.1%
Call IV 25d21.2%18.1%23.6%23.0%18.1%
Put IV 25d22.6%19.2%25.1%25.1%19.8%
Bid-Ask Spread %90.8587.0397.2690.7496.89
Gamma HHI0.260.200.420.200.29
Net GEX9.3M4.6M17.6M4.8M6.7M
Net DEX-83.1M-151.1M-40.7M-46.1M-60.4M
Net VEX-633.6K-795.8K-375.0K-380.6K-619.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.023.090.152.32
Total Volume1,753.40914915,150412173
Total OI33,270.31821,82539,99021,82533,368

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$150.81$145.4423.7%6.8%22.4%24.3%23.2%2.1%-1.0%4.8M-46.1M-380.6K0.1590.74N/AN/A3595313,7588,067
2025-12-02$149.94$145.4422.4%6.4%22.0%19.5%21.9%1.9%0.3%4.6M-40.7M-375.8K0.2290.94N/AN/A2395213,9658,084
2025-12-03$151.95$145.4421.5%6.2%21.9%17.1%21.9%1.9%0.0%5.6M-50.5M-375.0K0.4590.70N/AN/A1627313,9788,118
2025-12-04$151.60$145.4421.8%6.2%20.7%18.0%21.9%3.2%4.0%5.5M-48.5M-381.4K0.0288.89N/AN/A14,80035013,9918,110
2025-12-05$152.93$145.4421.8%6.4%20.7%17.9%22.0%0.2%3.6%10.6M-95.6M-695.4K0.0689.03N/AN/A4,43727027,4688,268
2025-12-08$149.13$145.4422.0%6.5%23.3%18.4%23.3%-0.6%2.7%8.2M-55.4M-593.1K0.4094.54N/AN/A83133127,1838,361
2025-12-09$148.61$145.4423.8%6.5%22.2%23.4%22.8%2.1%4.2%7.9M-55.1M-646.4K0.6988.72N/AN/A38927027,6158,566
2025-12-10$156.44$145.4423.4%6.7%25.3%22.2%24.3%2.1%3.3%12.8M-131.7M-773.4K0.7487.16N/AN/A1,6681,24127,7848,645
2025-12-11$157.35$149.3723.1%6.6%24.4%19.1%26.9%2.4%2.8%12.6M-141.2M-761.7K0.2787.75N/AN/A2,30461627,2559,551
2025-12-12$158.03$149.3722.1%6.3%24.4%16.1%23.4%1.8%5.0%14.7M-150.5M-795.8K0.6589.38N/AN/A40726528,39910,054
2025-12-15$157.61$149.3723.2%6.6%24.5%18.8%23.4%0.2%3.8%14.8M-151.1M-753.5K1.1587.03N/AN/A19121928,44110,348
2025-12-16$154.28$149.3723.3%6.7%25.5%19.0%23.1%1.5%2.4%12.7M-101.1M-721.3K3.0988.76N/AN/A17453928,42410,474
2025-12-17$153.50$153.3022.9%6.6%25.6%18.1%23.9%1.5%3.7%12.5M-90.1M-696.4K0.2788.94N/AN/A79121528,41410,963
2025-12-18$153.44$153.3021.9%6.3%25.4%15.2%23.0%1.7%5.3%12.8M-88.0M-687.9K0.4789.38N/AN/A57527228,83611,122
2025-12-19$154.06$153.3017.7%5.1%25.2%3.7%17.7%2.4%9.9%17.6M-98.4M-671.5K0.0692.31N/AN/A2,31013728,81211,178
2025-12-22$155.02$153.3020.8%6.0%24.6%12.3%20.4%0.5%8.0%6.8M-78.2M-694.9K0.5989.79N/AN/A98358322,4998,746
2025-12-23$153.68$153.3019.5%5.6%24.8%8.7%19.9%1.6%7.6%6.4M-67.6M-686.6K0.1789.60N/AN/A5138623,1548,922
2025-12-24$154.37$153.3019.5%5.6%24.1%8.7%18.7%2.0%7.1%6.9M-74.2M-681.0K0.4791.40N/AN/A23410923,4028,983
2025-12-26$154.26$153.3020.8%6.0%24.1%12.1%20.9%-1.8%7.1%6.8M-73.0M-672.2K0.3994.09N/AN/A2108323,5739,020
2025-12-29$153.62$153.3019.4%5.6%24.1%8.4%19.6%0.5%8.0%6.8M-65.9M-636.4K0.2995.36N/AN/A70720523,6459,036
2025-12-30$154.05$153.3019.9%5.7%23.8%9.7%18.3%2.3%8.3%6.9M-63.7M-639.0K0.5497.26N/AN/A975224,2059,162
2025-12-31$153.07$153.3017.2%4.9%23.8%2.3%19.8%1.7%9.9%6.7M-60.4M-619.8K2.3296.89N/AN/A5212124,2169,152