BHE Options History — September 2012

In September 2012, BHE traded between $15.05 and $16.87. ATM implied volatility averaged 34.2%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 8.8% (HV 20d: 25.4%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-09-05: Highest Volume — 150 contracts
  • 2012-09-24: Largest IV spike — 37.1% change
  • 2012-09-28: Highest IV Rank — 40.0%
  • 2012-09-28: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.19$15.05$16.87$16.14$15.27
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV34.2%25.4%38.6%30.0%38.6%
Expected Move9.8%7.3%11.1%8.6%11.1%
HV 20d25.4%19.2%34.5%19.2%34.5%
HV 60d34.5%32.9%35.7%35.4%35.6%
IV Rank27.4%7.2%40.0%15.8%40.0%
IV Percentile30.5%2.0%56.7%8.3%56.7%
Term Structure2.5%-7.6%12.7%5.3%3.8%
VWIV34.8%34.8%34.8%34.8%34.8%
Skew 25d1.8%-16.8%35.3%1.3%6.3%
Skew 10d18.1%-2.4%83.2%5.8%9.6%
Call IV 25d32.9%25.7%41.0%27.8%32.5%
Put IV 25d34.7%24.2%62.8%29.1%38.7%
Bid-Ask Spread %78.8152.31108.4868.8554.80
Gamma HHI0.520.450.590.510.46
Net GEX6.7K3.0K8.0K3.1K6.7K
Net DEX-161.8K-225.7K-81.4K-86.3K-98.3K
Net VEX-768-902-253-253-805
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume11.316015000
Total OI279.579121331121331

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-09-04$16.14$15.0030.0%8.6%19.2%15.8%0.0%1.3%5.3%3.1K-86.3K-2530.0068.85N/AN/A009922
2012-09-05$15.93$15.0035.2%10.1%19.2%26.9%0.0%-7.6%-7.6%3.0K-82.5K-2600.0058.10N/AN/A15009922
2012-09-06$16.55$15.0029.8%8.6%23.0%15.4%0.0%9.2%9.8%7.8K-201.7K-8320.00108.23N/AN/A0024922
2012-09-07$16.57$15.0033.6%10.6%22.7%23.3%0.0%5.8%-2.0%7.5K-207.2K-8460.0097.50N/AN/A0024922
2012-09-10$16.12$15.0034.1%9.9%23.8%24.5%0.0%0.1%6.7%7.6K-197.2K-8110.0068.77N/AN/A2024922
2012-09-11$16.20$15.0036.2%9.3%23.8%28.8%0.0%-10.2%1.8%7.5K-183.6K-8130.00104.17N/AN/A0025122
2012-09-12$16.46$15.0034.0%9.9%24.5%24.2%0.0%5.2%1.0%7.9K-198.2K-8080.00102.81N/AN/A0025122
2012-09-13$16.47$15.0033.2%9.5%24.5%22.5%0.0%-2.7%0.3%7.7K-208.8K-8150.0073.48N/AN/A0025122
2012-09-14$16.87$15.0035.0%10.0%25.5%31.1%34.8%6.5%0.1%8.0K-225.7K-8160.0077.95N/AN/A02325122
2012-09-17$16.64$15.0037.9%10.9%25.5%38.3%0.0%5.6%-2.3%6.3K-194.8K-8500.0066.73N/AN/A0025145
2012-09-18$16.72$15.0037.5%10.8%25.5%37.4%0.0%-7.0%-2.3%6.8K-188.4K-8220.0061.47N/AN/A0025145
2012-09-19$16.55$15.0037.2%10.7%24.0%36.6%0.0%-8.0%-0.6%6.4K-186.6K-8340.00104.12N/AN/A01025145
2012-09-20$16.22$15.0037.1%10.6%25.1%36.3%0.0%2.6%2.2%6.5K-169.6K-8270.0052.31N/AN/A10025155
2012-09-21$16.23$15.0025.4%7.3%25.0%7.2%0.0%-16.8%7.6%6.9K-178.0K-8530.0064.58N/AN/A02026155
2012-09-24$16.18$15.0034.9%10.0%24.8%30.8%0.0%10.3%9.9%6.7K-148.2K-9020.00105.89N/AN/A0025675
2012-09-25$15.87$15.0032.3%9.3%25.6%24.4%0.0%-3.8%-1.8%6.7K-139.7K-8850.00108.48N/AN/A0025675
2012-09-26$15.05$15.0035.8%10.2%31.5%32.9%0.0%2.1%3.0%6.7K-81.4K-7720.0064.28N/AN/A0025675
2012-09-27$15.61$15.0032.3%9.3%34.4%24.3%0.0%35.3%12.7%7.8K-98.3K-7860.0054.81N/AN/A0025675
2012-09-28$15.27$15.0038.6%11.1%34.5%40.0%0.0%6.3%3.8%6.7K-98.3K-8050.0054.80N/AN/A0025675