BHE Options History — June 2011

In June 2011, BHE traded between $15.38 and $16.59. ATM implied volatility averaged 34.7%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 8.9% (HV 20d: 25.8%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 14 of 22 days.

Notable Days

  • 2011-06-30: Highest Volume — 22 contracts
  • 2011-06-03: Largest IV spike — 24.7% change
  • 2011-06-20: Highest IV Rank — 35.0%
  • 2011-06-20: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.89$15.38$16.59$16.59$16.50
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV34.7%25.4%39.5%27.7%26.1%
Expected Move10.2%7.3%11.3%7.9%7.5%
HV 20d25.8%21.7%27.9%27.4%21.7%
HV 60d29.0%28.0%30.1%30.1%28.8%
IV Rank26.5%10.1%35.0%14.2%11.4%
IV Percentile50.4%8.3%82.1%10.7%8.7%
Term Structure3.1%-2.9%12.6%5.5%12.6%
VWIV38.9%38.9%38.9%38.9%38.9%
Skew 25d9.9%2.0%34.6%3.6%7.3%
Skew 10d13.6%-5.8%93.3%-1.0%-2.2%
Call IV 25d28.4%22.4%34.5%30.3%22.5%
Put IV 25d38.4%25.6%63.0%33.8%29.8%
Bid-Ask Spread %99.1291.25109.14105.18109.14
Gamma HHI0.520.370.710.370.47
Net GEX-10.3K-13.3K-7.5K-7.5K-10.4K
Net DEX196.8K125.2K231.8K125.2K158.8K
Net VEX-681-860-466-851-466
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.045022022
Total OI499.5499500499500

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-06-01$16.59$0.0027.7%7.9%27.4%14.2%0.0%3.6%5.5%-7.5K125.2K-8510.00105.18N/AN/A00147352
2011-06-02$16.52$0.0025.4%7.3%27.4%10.1%0.0%2.0%8.4%-8.3K146.7K-8530.00106.85N/AN/A00147352
2011-06-03$16.25$17.5031.6%10.8%27.9%21.1%0.0%8.5%1.1%-8.6K165.8K-8600.0093.36N/AN/A00147352
2011-06-06$16.25$17.5032.6%10.6%27.8%22.9%0.0%5.8%4.3%-9.5K174.3K-7980.0093.78N/AN/A00147352
2011-06-07$16.06$17.5032.6%10.6%27.5%22.7%0.0%5.8%-0.0%-9.2K171.0K-7840.0094.24N/AN/A00147352
2011-06-08$15.82$17.5031.6%11.2%26.0%21.0%0.0%5.7%-1.4%-9.3K195.3K-7780.0091.25N/AN/A00147352
2011-06-09$15.88$17.5038.0%10.9%25.9%32.4%0.0%5.4%-0.4%-9.7K198.6K-7680.0092.32N/AN/A00147352
2011-06-10$15.50$17.5038.3%11.0%26.3%32.9%0.0%14.7%-2.9%-9.9K215.0K-7390.00100.45N/AN/A00147352
2011-06-13$15.41$17.5039.1%11.2%25.4%34.3%0.0%10.4%-1.6%-10.1K228.1K-6960.0098.44N/AN/A00147352
2011-06-14$15.64$17.5037.5%10.8%25.8%31.5%0.0%13.9%0.2%-10.2K210.1K-7040.0099.93N/AN/A00147352
2011-06-15$15.50$17.5038.8%11.1%25.8%33.8%38.9%10.0%-2.0%-10.5K231.8K-6780.0097.38N/AN/A01147352
2011-06-16$15.52$17.5038.9%11.1%25.7%33.9%0.0%12.4%1.6%-10.5K228.0K-6830.0099.97N/AN/A00147353
2011-06-17$15.38$17.5038.1%10.9%25.7%32.6%0.0%7.3%-0.6%-10.6K224.4K-6550.0098.58N/AN/A00147353
2011-06-20$15.60$17.5039.5%11.3%26.4%35.0%0.0%9.9%0.3%-10.9K225.3K-6470.0096.70N/AN/A00147353
2011-06-21$15.76$17.5039.4%11.3%26.0%34.8%0.0%12.0%1.0%-10.8K206.4K-6350.0098.95N/AN/A00147353
2011-06-22$15.50$17.5039.5%11.3%26.5%35.0%0.0%9.4%-0.2%-11.0K221.6K-6140.0097.77N/AN/A00147353
2011-06-23$15.66$17.5032.1%9.2%26.9%21.9%0.0%34.6%11.8%-13.3K231.0K-5580.00100.69N/AN/A00147353
2011-06-24$15.55$17.5038.9%11.1%23.7%33.9%0.0%9.6%0.2%-11.4K227.1K-5890.0098.50N/AN/A00147353
2011-06-27$15.92$17.5034.4%9.9%25.3%26.0%0.0%9.8%7.6%-13.1K207.9K-5420.00100.67N/AN/A00147353
2011-06-28$16.29$17.5034.1%9.8%25.7%25.4%0.0%17.9%11.7%-10.9K174.4K-5730.00104.47N/AN/A00147353
2011-06-29$16.43$17.5029.2%8.4%21.7%16.9%0.0%3.1%11.3%-10.9K162.9K-5190.00102.06N/AN/A00147353
2011-06-30$16.50$17.5026.1%7.5%21.7%11.4%0.0%7.3%12.6%-10.4K158.8K-4660.00109.14N/AN/A022147353