BHE Options History — September 2014

In September 2014, BHE traded between $22.21 and $24.73. ATM implied volatility averaged 22.0%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 5.5% (HV 20d: 16.5%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.34.

Notable Days

  • 2014-09-23: Highest Volume — 60 contracts
  • 2014-09-11: Largest IV spike — 16.1% change
  • 2014-09-16: Highest IV Rank — 42.5%
  • 2014-09-30: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.53$22.21$24.73$24.63$22.21
Max Pain$24.86$22.50$25.00$22.50$25.00
ATM IV22.0%18.2%24.9%21.6%24.6%
Expected Move7.0%6.8%7.1%7.0%7.1%
HV 20d16.5%14.4%19.1%19.1%16.0%
HV 60d21.3%20.7%21.9%21.9%21.6%
IV Rank31.2%16.8%42.5%29.9%41.1%
IV Percentile27.2%3.2%55.6%19.0%52.4%
Term Structure1.9%-1.0%3.5%-0.1%1.5%
VWIV24.3%23.9%24.6%24.4%24.5%
Skew 25d5.1%-4.0%43.5%-3.8%0.4%
Skew 10d9.2%-8.9%56.8%-8.4%0.8%
Call IV 25d21.4%15.3%26.4%26.4%24.5%
Put IV 25d26.5%18.0%69.1%22.6%24.9%
Bid-Ask Spread %70.3063.1074.6369.0071.41
Gamma HHI0.640.490.780.730.78
Net GEX29.9K18.7K42.5K40.4K22.7K
Net DEX-315.1K-537.6K-146.4K-524.9K-146.4K
Net VEX-1.0K-1.2K-794-1.2K-836
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.002.330.000.21
Total Volume9.667060041
Total OI539.857474560532547

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-09-02$24.63$0.0021.6%7.0%19.1%29.9%0.0%-3.8%-0.1%40.4K-524.9K-1.2K0.0069.00N/AN/A0044686
2014-09-03$24.73$0.0020.4%6.9%18.9%25.5%0.0%43.5%2.0%42.5K-537.6K-1.2K0.0069.63N/AN/A0044686
2014-09-04$24.62$0.0021.4%6.9%18.8%29.0%24.4%-3.3%0.2%41.9K-524.9K-1.1K0.0067.61N/AN/A0744686
2014-09-05$24.40$22.5018.8%6.9%18.1%19.1%24.1%-4.0%2.2%40.7K-472.4K-1.2K0.0069.96N/AN/A01044693
2014-09-08$24.37$25.0019.3%6.9%18.0%21.1%0.0%1.1%3.2%41.0K-443.5K-1.2K0.0063.10N/AN/A20446103
2014-09-09$24.04$25.0018.8%6.9%17.6%19.1%24.4%-0.5%2.3%36.1K-377.6K-1.1K0.0069.10N/AN/A20448103
2014-09-10$24.08$25.0018.2%6.9%16.6%16.8%0.0%1.4%3.0%36.8K-381.9K-1.1K0.0067.36N/AN/A140450103
2014-09-11$24.13$25.0021.1%6.8%15.8%27.9%0.0%3.1%3.4%37.7K-397.5K-1.1K0.0067.62N/AN/A00454103
2014-09-12$23.97$25.0020.8%6.9%15.8%26.8%0.0%3.6%2.6%34.7K-369.0K-1.1K0.0070.99N/AN/A00454103
2014-09-15$23.53$25.0023.3%7.1%17.0%36.1%0.0%-1.1%-1.0%26.4K-297.5K-9970.0069.85N/AN/A00454103
2014-09-16$23.65$25.0024.9%7.1%16.2%42.5%23.9%9.5%0.1%27.1K-298.7K-9820.5072.30N/AN/A21454103
2014-09-17$23.51$25.0022.3%7.1%16.2%32.6%24.6%6.5%2.6%25.3K-293.4K-9450.0072.58N/AN/A02456104
2014-09-18$23.65$25.0023.7%7.1%16.1%38.0%0.0%7.6%1.3%26.0K-308.7K-9500.0074.45N/AN/A50454106
2014-09-19$23.04$25.0021.9%6.9%15.4%30.8%0.0%4.5%2.2%21.2K-224.2K-8820.0068.19N/AN/A00454106
2014-09-22$22.75$25.0024.0%7.0%15.3%39.1%0.0%4.0%2.1%19.2K-183.8K-8340.0072.09N/AN/A150370104
2014-09-23$22.72$25.0023.5%7.0%15.3%37.0%0.0%3.9%2.0%18.7K-163.3K-7942.3372.28N/AN/A1842370104
2014-09-24$22.75$25.0022.9%7.0%14.4%34.6%0.0%25.4%3.3%19.3K-158.2K-8380.0073.32N/AN/A420380125
2014-09-25$22.31$25.0023.7%7.0%15.2%37.9%0.0%0.5%1.1%22.1K-156.4K-9200.0069.86N/AN/A00422125
2014-09-26$22.43$25.0022.6%7.1%15.6%33.6%0.0%2.6%3.5%23.1K-157.4K-8860.0074.63N/AN/A00422125
2014-09-29$22.62$25.0023.5%7.1%15.3%36.9%0.0%1.8%2.3%24.9K-199.3K-8800.0071.01N/AN/A00422125
2014-09-30$22.21$25.0024.6%7.1%16.0%41.1%24.5%0.4%1.5%22.7K-146.4K-8360.2171.41N/AN/A347422125