BHE Options History — October 2013

In October 2013, BHE traded between $22.12 and $23.52. ATM implied volatility averaged 27.1%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 10.5% (HV 20d: 16.6%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.72.

Notable Days

  • 2013-10-24: Highest Volume — 118 contracts
  • 2013-10-30: Largest IV spike — 28.5% change
  • 2013-10-31: Highest IV Rank — 57.4%
  • 2013-10-31: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.84$22.12$23.52$23.05$22.73
Max Pain$21.70$17.50$22.50$17.50$22.50
ATM IV27.1%21.3%31.6%26.5%31.6%
Expected Move7.9%6.1%9.0%7.6%9.0%
HV 20d16.6%10.4%26.6%13.7%26.4%
HV 60d19.2%17.8%22.2%17.9%22.2%
IV Rank41.8%21.9%57.4%39.9%57.4%
IV Percentile39.1%6.0%75.8%30.6%75.8%
Term Structure-0.1%-5.9%6.3%1.9%-5.9%
VWIV29.6%25.1%33.4%25.1%28.1%
Skew 25d5.7%-1.6%16.8%7.5%2.4%
Skew 10d8.9%-4.7%42.6%10.2%5.9%
Call IV 25d22.0%16.3%28.3%19.0%28.0%
Put IV 25d27.7%22.9%34.4%26.5%30.4%
Bid-Ask Spread %27.368.26124.549.82124.54
Gamma HHI0.580.460.680.550.57
Net GEX6.7K-33613.4K8.4K2.8K
Net DEX-255.3K-443.6K2.1K-372.0K-116.6K
Net VEX-711-1.7K-371-574-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.003.090.000.33
Total Volume17.9130118040
Total OI323.78381404370404

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-10-01$23.05$17.5026.5%7.6%13.7%39.9%0.0%7.5%1.9%8.4K-372.0K-5740.009.82N/AN/A00256114
2013-10-02$22.81$17.5025.0%7.2%12.3%34.6%0.0%4.4%3.2%8.8K-349.7K-5550.008.26N/AN/A50256114
2013-10-03$22.63$17.5025.1%7.2%12.6%34.8%25.1%2.3%3.7%8.9K-336.2K-5641.009.79N/AN/A33261114
2013-10-04$22.82$0.0024.7%8.3%12.5%33.6%33.4%3.8%-0.9%9.1K-359.4K-5660.0020.30N/AN/A02261114
2013-10-07$22.65$20.0026.2%8.3%11.0%38.7%28.8%4.0%-0.8%9.3K-344.7K-5380.0021.25N/AN/A01261116
2013-10-08$22.36$22.5025.5%8.6%10.4%36.4%0.0%3.5%-1.7%9.3K-310.4K-5230.0030.54N/AN/A00261117
2013-10-09$22.12$22.5027.0%8.5%10.8%41.7%0.0%9.9%-1.0%8.7K-282.5K-4900.0015.60N/AN/A00261117
2013-10-10$22.68$22.5029.5%8.5%14.1%50.4%0.0%14.4%-1.4%10.9K-339.6K-5030.0014.82N/AN/A00261117
2013-10-11$22.74$22.5027.6%7.9%14.1%43.7%32.4%12.2%0.1%11.4K-345.2K-5020.0025.10N/AN/A02261117
2013-10-14$22.95$22.5030.1%8.6%14.5%52.5%0.0%7.8%-1.3%13.4K-389.7K-4490.0054.70N/AN/A00261115
2013-10-15$22.75$22.5028.2%8.1%14.7%45.8%0.0%-1.6%-0.4%12.7K-359.9K-4540.0037.25N/AN/A00261115
2013-10-16$23.00$22.5027.7%7.9%14.7%43.9%0.0%-0.6%-0.1%10.8K-417.0K-4120.0021.00N/AN/A10261115
2013-10-17$23.28$22.5027.2%7.8%15.3%42.4%0.0%-0.0%-0.2%6.2K-443.6K-3960.0017.21N/AN/A00262115
2013-10-18$23.26$22.5026.6%7.6%15.3%40.2%0.0%9.3%1.1%6.0K-443.4K-3880.0034.09N/AN/A40262115
2013-10-21$23.05$22.5028.1%8.1%15.6%45.4%0.0%-0.5%-0.5%3.9K-79.3K-3711.9125.42N/AN/A2344774
2013-10-22$22.90$22.5028.5%8.2%15.8%46.7%0.0%7.4%-0.4%2.0K-44.6K-6320.0013.13N/AN/A009048
2013-10-23$22.60$22.5028.1%8.1%16.4%45.4%28.1%2.9%-0.5%1.8K-31.7K-6100.0013.12N/AN/A0209048
2013-10-24$22.17$22.5025.6%7.3%17.5%36.7%0.0%0.4%1.0%-3362.1K-6180.2733.83N/AN/A93259068
2013-10-25$23.31$22.5027.3%7.8%25.4%42.7%0.0%16.8%-3.6%4.3K-150.4K-1.2K0.0020.27N/AN/A6018093
2013-10-28$23.52$22.5027.7%7.9%25.5%44.0%0.0%10.9%-0.8%4.7K-174.7K-1.2K3.0916.40N/AN/A226818393
2013-10-29$23.14$22.5021.3%6.1%26.2%21.9%0.0%8.8%6.3%634-106.2K-1.5K1.0032.09N/AN/A55200154
2013-10-30$22.77$22.5027.4%7.8%26.6%42.9%0.0%5.3%-0.8%766-77.6K-1.6K0.3330.65N/AN/A3010205159
2013-10-31$22.73$22.5031.6%9.0%26.4%57.4%0.0%2.4%-5.9%2.8K-116.6K-1.7K0.33124.54N/AN/A3010235169