BHE Options History — July 2011

In July 2011, BHE traded between $14.65 and $16.98. ATM implied volatility averaged 33.1%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 7.8% (HV 20d: 25.3%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-07-06: Highest Volume — 25 contracts
  • 2011-07-25: Largest IV spike — 37.6% change
  • 2011-07-13: Highest IV Rank — 47.8%
  • 2011-07-18: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.24$14.65$16.98$16.98$14.65
Max Pain$15.13$15.00$17.50$17.50$15.00
ATM IV33.1%24.3%46.8%24.4%39.1%
Expected Move9.7%7.0%11.3%7.0%11.2%
HV 20d25.3%21.5%34.2%23.1%34.2%
HV 60d26.0%24.1%29.4%29.4%28.0%
IV Rank23.7%8.2%47.8%8.4%34.2%
IV Percentile44.0%5.6%94.8%6.0%80.2%
Term Structure2.6%-4.3%24.6%14.0%-0.4%
VWIV38.7%36.6%40.8%40.8%36.6%
Skew 25d6.9%0.8%14.5%10.2%6.8%
Skew 10d11.7%1.2%66.7%1.2%11.4%
Call IV 25d31.4%21.5%38.0%23.5%32.0%
Put IV 25d38.4%33.7%41.7%33.7%38.8%
Bid-Ask Spread %96.9393.10110.15110.15100.11
Gamma HHI0.590.450.810.460.81
Net GEX-7.7K-12.0K-4.6K-10.9K-4.6K
Net DEX132.9K70.5K236.4K126.2K105.2K
Net VEX-451-533-398-503-465
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.302500
Total OI363.2175567522196

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-07-01$16.98$17.5024.4%7.0%23.1%8.4%0.0%10.2%14.0%-10.9K126.2K-5030.00110.15N/AN/A00147375
2011-07-05$16.77$15.0027.2%10.1%23.7%13.3%0.0%10.5%0.4%-11.3K126.9K-4430.0093.38N/AN/A00147375
2011-07-06$16.55$15.0025.7%10.2%23.8%10.6%0.0%6.2%-0.4%-9.2K167.8K-4130.0093.10N/AN/A025147375
2011-07-07$16.79$15.0024.3%9.7%23.3%8.2%0.0%9.3%0.3%-10.6K176.2K-4850.0094.38N/AN/A04147400
2011-07-08$16.85$15.0032.1%9.9%23.3%22.0%0.0%7.6%24.6%-12.0K156.9K-5330.0096.25N/AN/A00147404
2011-07-11$16.71$15.0027.5%9.6%21.5%13.8%0.0%8.0%-1.8%-9.3K191.2K-4450.0094.01N/AN/A010147404
2011-07-12$16.30$15.0036.6%8.6%23.6%30.0%0.0%5.0%-4.3%-10.5K208.2K-4740.0094.57N/AN/A00147414
2011-07-13$16.36$15.0046.8%8.6%23.2%47.8%40.8%4.5%-2.9%-10.2K209.8K-4720.0096.03N/AN/A06147414
2011-07-14$15.94$15.0038.0%10.9%25.0%32.4%0.0%0.8%-0.5%-11.4K232.4K-4740.0096.52N/AN/A00147420
2011-07-15$15.97$15.0038.2%11.0%25.0%32.7%0.0%6.4%-3.8%-10.0K236.4K-4530.0097.73N/AN/A00147420
2011-07-18$15.67$15.0039.5%11.3%25.8%35.0%0.0%12.7%-2.3%-5.0K95.4K-4420.0099.14N/AN/A0019156
2011-07-19$16.01$15.0031.9%9.2%26.4%21.7%0.0%5.0%11.2%-5.1K87.1K-4340.0097.24N/AN/A0019156
2011-07-20$16.19$15.0037.2%10.7%26.4%30.9%0.0%5.5%0.3%-5.0K81.2K-4270.0096.53N/AN/A0019156
2011-07-21$16.28$15.0026.9%7.7%25.6%12.8%0.0%4.4%1.1%-5.1K79.0K-4200.0096.37N/AN/A0019156
2011-07-22$16.43$15.0027.1%7.8%25.5%13.2%0.0%4.0%1.5%-4.7K73.7K-4150.0095.16N/AN/A0019156
2011-07-25$16.22$15.0037.3%10.7%25.9%31.2%0.0%7.3%3.5%-4.7K73.8K-4060.0097.24N/AN/A0019156
2011-07-26$16.52$15.0035.0%10.0%25.4%27.0%36.6%5.4%-3.1%-4.7K70.5K-3980.0094.51N/AN/A1019156
2011-07-27$16.10$15.0035.4%10.1%25.9%27.8%0.0%4.7%6.4%-4.7K80.7K-4200.0096.32N/AN/A20020156
2011-07-28$15.45$15.0031.7%9.1%29.4%21.3%0.0%14.5%8.5%-4.6K78.4K-4910.0099.89N/AN/A0040156
2011-07-29$14.65$15.0039.1%11.2%34.2%34.2%0.0%6.8%-0.4%-4.6K105.2K-4650.00100.11N/AN/A0040156