BHE Options History — February 2014

In February 2014, BHE traded between $22.07 and $23.85. ATM implied volatility averaged 27.1%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 3.3% (HV 20d: 23.8%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.16.

Notable Days

  • 2014-02-04: Highest Volume — 112 contracts
  • 2014-02-12: Largest IV drop — 39.4% change
  • 2014-02-03: Highest IV Rank — 100.0%
  • 2014-02-03: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.15$22.07$23.85$22.07$23.84
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV27.1%19.9%40.1%40.1%19.9%
Expected Move7.6%5.7%11.5%11.5%5.7%
HV 20d23.8%16.7%31.1%30.0%16.7%
HV 60d21.2%21.0%21.4%21.0%21.1%
IV Rank48.3%19.5%100.0%100.0%19.5%
IV Percentile46.7%3.2%100.0%100.0%3.2%
Term Structure0.9%-7.0%11.3%-6.5%2.4%
VWIV26.4%26.1%26.6%26.1%26.6%
Skew 25d2.0%-6.7%15.0%15.0%4.0%
Skew 10d5.6%-10.1%29.2%17.1%-1.2%
Call IV 25d26.0%17.5%32.2%29.7%21.8%
Put IV 25d28.0%21.8%44.7%44.7%25.7%
Bid-Ask Spread %80.8530.45113.2594.67101.44
Gamma HHI0.810.430.990.930.44
Net GEX-119.5K-567.7K13.1K-100.8K12.8K
Net DEX203.4K-480.8K1.0M1.0M-480.8K
Net VEX-2.5K-3.6K-1.4K-3.2K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.000.850.000.00
Total Volume15.842011209
Total OI1,255.3684361,6001,397488

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$22.07$22.5040.1%11.5%30.0%100.0%0.0%15.0%-6.5%-100.8K1.0M-3.2K0.0094.67N/AN/A001981,199
2014-02-04$22.53$22.5030.3%8.7%30.9%61.0%0.0%-2.8%-7.0%-136.4K811.2K-3.1K0.00109.45N/AN/A11201981,199
2014-02-05$22.66$22.5027.4%7.8%30.9%49.2%0.0%-0.3%4.1%-154.0K760.4K-3.6K0.00102.38N/AN/A003081,199
2014-02-06$22.62$22.5032.4%9.3%30.9%69.1%0.0%3.3%-2.2%-133.1K842.9K-3.6K0.00102.51N/AN/A403081,199
2014-02-07$22.58$22.5034.1%9.4%30.8%76.0%0.0%4.5%-6.9%-134.6K906.0K-3.5K0.00110.61N/AN/A003081,199
2014-02-10$22.50$22.5029.1%7.5%30.8%56.1%26.1%1.9%-0.6%-173.6K902.4K-3.3K0.8597.25N/AN/A41353081,199
2014-02-11$22.77$22.5035.8%6.6%31.1%83.0%0.0%4.6%4.9%-149.6K807.9K-3.4K0.0058.10N/AN/A043451,234
2014-02-12$22.94$22.5021.7%7.2%29.2%26.7%0.0%-2.2%-1.5%-567.7K106.1K-2.5K0.0058.45N/AN/A003451,238
2014-02-13$22.99$22.5028.2%8.1%20.8%52.7%0.0%-0.6%0.9%-173.1K452.9K-3.1K0.0053.98N/AN/A203451,238
2014-02-14$23.00$22.5027.4%7.9%20.0%49.4%0.0%-0.3%-1.5%-177.6K431.6K-2.9K0.0053.86N/AN/A1503431,238
2014-02-18$23.31$22.5027.1%7.8%20.8%48.3%0.0%14.6%0.7%-158.0K-63.1K-2.0K0.00107.21N/AN/A903431,238
2014-02-19$23.60$22.5023.3%6.7%20.8%33.0%0.0%-1.1%5.7%-112.7K-170.7K-1.9K0.0063.02N/AN/A903521,238
2014-02-20$23.78$22.5022.4%6.4%21.0%29.4%26.6%0.2%-0.5%-76.8K-358.2K-1.6K0.0030.45N/AN/A093611,238
2014-02-21$23.73$22.5025.4%7.3%19.3%41.3%0.0%0.5%3.8%-85.0K-335.9K-1.6K0.00100.48N/AN/A003611,239
2014-02-24$23.62$22.5023.2%6.6%17.6%32.5%0.0%-6.7%2.9%11.6K-422.3K-1.4K0.00113.25N/AN/A00317119
2014-02-25$23.69$22.5024.5%7.0%17.3%37.8%0.0%2.2%8.1%11.9K-426.7K-1.4K0.5595.05N/AN/A3318317119
2014-02-26$23.85$22.5022.3%6.4%17.3%29.1%0.0%2.5%-0.3%12.5K-479.3K-1.6K0.0047.39N/AN/A00350137
2014-02-27$23.75$22.5021.0%6.0%16.7%23.9%0.0%-1.1%11.3%13.1K-465.9K-1.6K0.0036.64N/AN/A01350137
2014-02-28$23.84$22.5019.9%5.7%16.7%19.5%0.0%4.0%2.4%12.8K-480.8K-1.6K0.00101.44N/AN/A90350138