BHE Options History — February 2010

In February 2010, BHE traded between $18.05 and $20.41. ATM implied volatility averaged 34.9%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 2.4% (HV 20d: 32.4%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 4.50.

Notable Days

  • 2010-02-03: Highest Volume — 418 contracts
  • 2010-02-08: Largest IV spike — 23.1% change
  • 2010-02-02: Highest IV Rank — 47.5%
  • 2010-02-02: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.33$18.05$20.41$18.65$19.80
Max Pain$17.89$17.50$20.00$20.00$17.50
ATM IV34.9%29.9%44.6%44.6%29.9%
Expected Move10.3%8.6%12.8%12.8%8.6%
HV 20d32.4%26.9%36.0%29.8%31.4%
HV 60d30.5%28.4%32.6%32.6%28.4%
IV Rank27.2%16.8%47.5%47.5%16.8%
IV Percentile20.3%5.6%62.3%61.9%5.6%
Term Structure-0.0%-3.3%3.8%-1.7%2.2%
VWIV37.9%32.9%42.9%42.9%32.9%
Skew 25d4.1%-4.9%12.7%6.4%-0.2%
Skew 10d8.5%-9.0%20.9%17.7%0.3%
Call IV 25d32.7%25.4%40.5%39.8%26.2%
Put IV 25d36.7%26.0%46.2%46.2%26.0%
Bid-Ask Spread %49.9722.8487.9725.7122.84
Gamma HHI0.570.450.720.450.60
Net GEX28.6K7.7K44.9K7.7K23.6K
Net DEX-599.7K-1.3M-37.5K-37.5K-565.8K
Net VEX-5.8K-6.5K-5.5K-5.7K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.500.0048.000.000.00
Total Volume69.4740418028
Total OI1,745.8421,4701,9221,4701,778

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-02-01$18.65$20.0044.6%12.8%29.8%47.5%0.0%6.4%-1.7%7.7K-37.5K-5.7K0.0025.71N/AN/A00809661
2010-02-02$18.74$20.0044.6%12.8%27.2%47.5%0.0%3.3%-1.9%8.4K-78.0K-5.7K0.0036.98N/AN/A00809661
2010-02-03$18.76$20.0037.6%10.8%26.9%32.9%42.9%6.1%0.7%8.6K-68.9K-5.7K0.0033.06N/AN/A4180809661
2010-02-04$18.05$17.5037.8%10.8%29.7%33.3%37.7%9.3%-0.9%33.4K-336.9K-5.8K0.2655.74N/AN/A42111,207661
2010-02-05$18.60$17.5032.6%11.9%32.0%22.6%42.4%10.0%-2.1%33.9K-554.0K-6.2K0.0036.65N/AN/A6201,249661
2010-02-08$18.25$17.5040.2%11.3%32.4%38.3%0.0%3.9%-1.1%37.2K-440.2K-5.9K0.0032.53N/AN/A001,261661
2010-02-09$18.60$17.5033.9%11.6%33.3%25.3%0.0%7.4%-3.3%40.6K-580.3K-5.9K0.0057.67N/AN/A28301,261661
2010-02-10$18.43$17.5032.1%11.4%33.4%21.4%0.0%-0.4%-3.0%33.7K-353.5K-5.6K0.0067.61N/AN/A001,158661
2010-02-11$18.98$17.5030.9%8.8%34.9%18.8%0.0%6.9%1.9%32.2K-543.7K-5.8K0.0074.89N/AN/A001,158661
2010-02-12$19.35$17.5034.2%9.8%35.7%25.8%0.0%9.4%0.8%28.0K-700.0K-5.8K0.0078.09N/AN/A001,158661
2010-02-16$19.59$17.5036.1%10.3%36.0%29.7%0.0%12.7%-0.4%34.2K-815.6K-5.7K0.1045.00N/AN/A1011,158661
2010-02-17$19.87$17.5033.8%9.7%35.5%25.0%33.8%2.5%1.4%44.7K-952.8K-5.7K0.0037.21N/AN/A2701,168661
2010-02-18$20.41$17.5034.9%10.0%33.9%27.2%0.0%5.3%-1.8%39.9K-1.3M-5.7K0.0048.71N/AN/A11901,193661
2010-02-19$20.36$17.5032.9%9.4%33.7%23.1%32.9%-4.9%1.4%44.9K-1.3M-5.5K0.0035.32N/AN/A6601,176661
2010-02-22$20.41$17.5031.7%9.1%32.4%20.6%0.0%-1.8%3.8%24.5K-796.8K-5.5K48.0087.97N/AN/A148919624
2010-02-23$20.10$17.5032.2%9.2%32.7%21.5%0.0%2.2%0.7%23.0K-645.0K-5.7K0.0046.61N/AN/A098920672
2010-02-24$20.28$17.5031.7%9.1%32.7%20.6%0.0%-4.1%0.9%20.9K-669.2K-5.9K0.0060.25N/AN/A860920752
2010-02-25$20.11$17.5031.0%8.9%32.8%19.2%0.0%3.2%1.8%23.7K-690.6K-6.4K5.6766.61N/AN/A3171,006752
2010-02-26$19.80$17.5029.9%8.6%31.4%16.8%0.0%-0.2%2.2%23.6K-565.8K-6.5K0.0022.84N/AN/A2801,009769