BHE Options History — December 2012

In December 2012, BHE traded between $15.40 and $16.62. ATM implied volatility averaged 30.4%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 13.9% (HV 20d: 16.5%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-12-06: Highest Volume — 50 contracts
  • 2012-12-27: Largest IV spike — 53.1% change
  • 2012-12-17: Highest IV Rank — 34.3%
  • 2012-12-17: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.99$15.40$16.62$15.50$16.62
Max Pain$13.00$12.50$15.00$15.00$12.50
ATM IV30.4%19.6%36.3%30.6%34.1%
Expected Move9.1%5.6%10.4%8.8%9.8%
HV 20d16.5%12.8%24.6%24.6%17.9%
HV 60d28.2%25.1%30.5%30.5%25.6%
IV Rank21.2%0.0%34.3%20.2%33.7%
IV Percentile21.6%0.0%56.7%12.7%38.1%
Term Structure3.3%-3.3%14.4%6.2%0.8%
VWIV19.2%19.2%19.2%19.2%19.2%
Skew 25d8.9%-11.2%44.7%10.3%-8.3%
Skew 10d17.2%-12.5%114.8%23.2%-8.2%
Call IV 25d25.9%19.2%34.4%24.7%34.1%
Put IV 25d34.7%21.2%65.7%35.0%25.8%
Bid-Ask Spread %44.0410.03101.2232.2710.03
Gamma HHI0.690.460.950.460.91
Net GEX7.0K1.0K14.2K1.3K14.2K
Net DEX-79.9K-126.8K-6.6K-17.9K-125.3K
Net VEX-660-721-598-625-608
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.805000
Total OI384.35351420362351

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-12-03$15.50$15.0030.6%8.8%24.6%20.2%0.0%10.3%6.2%1.3K-17.9K-6250.0032.27N/AN/A00208154
2012-12-04$15.40$15.0034.1%9.8%21.7%28.9%0.0%6.6%2.0%1.0K-6.6K-5980.0090.14N/AN/A00208154
2012-12-05$15.62$15.0027.7%7.9%20.7%12.9%0.0%9.2%12.5%1.5K-26.2K-6140.0016.79N/AN/A00208154
2012-12-06$15.55$15.0034.7%10.0%15.3%30.4%0.0%7.4%1.1%1.8K-19.0K-6090.0015.18N/AN/A500208154
2012-12-07$15.67$12.5025.9%9.5%15.3%8.3%0.0%44.7%3.3%2.0K-48.2K-7100.0030.02N/AN/A00253154
2012-12-10$15.77$12.5028.0%10.0%14.5%13.5%0.0%13.2%1.0%3.7K-61.2K-7180.0028.33N/AN/A00253154
2012-12-11$15.88$12.5023.8%9.8%14.1%3.0%0.0%38.6%1.2%5.0K-69.4K-6830.0093.99N/AN/A00253154
2012-12-12$15.78$12.5032.8%9.2%14.5%25.7%19.2%11.2%3.4%4.9K-63.4K-6810.0099.45N/AN/A130253154
2012-12-13$15.72$12.5036.0%10.3%14.6%33.8%0.0%0.1%-0.9%4.7K-72.9K-6930.0013.65N/AN/A050266154
2012-12-14$15.60$12.5035.1%10.1%12.8%31.4%0.0%11.2%0.3%4.1K-59.0K-6610.0086.17N/AN/A00266140
2012-12-17$16.01$12.5036.3%10.4%14.8%34.3%0.0%16.7%0.0%8.1K-93.3K-6770.0028.94N/AN/A00266140
2012-12-18$16.31$12.5030.5%8.7%15.7%19.8%0.0%6.9%3.8%10.4K-121.5K-7210.0021.12N/AN/A03266140
2012-12-19$16.27$12.5032.6%9.3%15.7%25.0%0.0%6.4%2.4%10.1K-118.3K-7120.0016.00N/AN/A00266140
2012-12-20$16.46$12.5032.6%9.3%15.9%25.1%0.0%4.3%1.1%11.5K-126.4K-6900.0015.56N/AN/A00266140
2012-12-21$16.44$12.5032.0%9.2%16.0%23.6%0.0%5.4%1.4%11.8K-126.8K-6850.0017.45N/AN/A00266140
2012-12-24$16.26$12.5019.8%5.7%16.8%0.0%0.0%1.1%14.4%10.3K-115.0K-6570.0040.59N/AN/A0026289
2012-12-26$16.36$12.5019.6%5.6%16.7%0.0%0.0%2.9%14.2%11.5K-115.8K-6280.00101.22N/AN/A0026289
2012-12-27$16.41$12.5030.0%8.6%16.0%24.2%0.0%-11.2%-0.1%11.9K-105.6K-6040.0083.33N/AN/A0026289
2012-12-28$16.21$12.5032.1%9.2%16.4%29.2%0.0%0.3%-3.3%10.5K-106.3K-6250.0040.61N/AN/A0026289
2012-12-31$16.62$12.5034.1%9.8%17.9%33.7%0.0%-8.3%0.8%14.2K-125.3K-6080.0010.03N/AN/A0026289