BHE Options History — February 2015

In February 2015, BHE traded between $22.49 and $24.74. ATM implied volatility averaged 27.2%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 2.5% (HV 20d: 29.7%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.08.

Notable Days

  • 2015-02-04: Highest Volume — 271 contracts
  • 2015-02-26: Largest IV spike — 14.1% change
  • 2015-02-09: Highest IV Rank — 19.5%
  • 2015-02-19: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.11$22.49$24.74$24.74$23.47
Max Pain$22.89$22.50$25.00$25.00$22.50
ATM IV27.2%23.8%30.4%26.3%26.5%
Expected Move7.6%6.8%8.3%7.5%7.6%
HV 20d29.7%18.8%31.0%18.8%29.5%
HV 60d22.6%17.5%23.1%17.5%22.9%
IV Rank15.7%11.7%19.5%14.6%14.9%
IV Percentile72.3%48.0%83.7%69.0%70.2%
Term Structure-0.6%-4.0%2.6%1.1%-3.2%
VWIV26.3%22.9%29.8%26.3%24.4%
Skew 25d1.9%-7.1%11.4%-5.2%8.0%
Skew 10d0.6%-9.3%36.3%-9.3%3.4%
Call IV 25d24.7%15.2%35.4%30.6%18.0%
Put IV 25d26.5%23.4%30.6%25.4%26.0%
Bid-Ask Spread %96.9187.54103.8698.44103.17
Gamma HHI0.730.570.900.860.87
Net GEX14.5K9.6K19.0K18.9K17.8K
Net DEX-76.7K-238.4K40.6K-238.4K-187.6K
Net VEX-1.5K-1.7K-1.1K-1.7K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.001.490.001.18
Total Volume195.31652718205
Total OI551.158433607435560

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$24.74$25.0026.3%7.5%18.8%14.6%26.3%-5.2%1.1%18.9K-238.4K-1.7K0.0098.44N/AN/A80317118
2015-02-03$23.12$25.0026.8%7.7%30.2%15.3%28.6%-7.1%1.4%12.0K-17.6K-1.4K0.9590.78N/AN/A8379315118
2015-02-04$22.49$25.0026.5%7.6%30.7%14.9%27.2%1.7%-1.9%9.6K40.6K-1.1K0.9197.96N/AN/A142129320118
2015-02-05$22.63$22.5029.1%8.0%30.7%17.9%27.7%3.1%-1.8%11.9K-5.3K-1.5K0.9189.17N/AN/A142129387170
2015-02-06$22.77$22.5029.0%7.7%30.5%17.8%27.1%-3.3%0.6%12.4K-5.8K-1.5K1.2992.97N/AN/A100129387170
2015-02-09$22.64$22.5030.4%7.0%30.5%19.5%25.6%2.5%0.7%12.5K-1.6K-1.5K1.2189.02N/AN/A107129390170
2015-02-10$22.53$22.5030.2%8.0%30.5%19.2%28.5%-3.8%-0.5%12.2K4.5K-1.5K1.2194.77N/AN/A107129400170
2015-02-11$22.57$22.5027.4%7.9%30.6%15.9%26.0%3.3%-0.5%12.7K-9.7K-1.5K1.3696.96N/AN/A107145400170
2015-02-12$22.85$22.5028.0%8.0%31.0%16.6%28.3%-2.3%-0.1%12.8K-26.9K-1.6K1.3695.70N/AN/A107145400186
2015-02-13$22.89$22.5026.0%7.4%31.0%14.3%26.0%-2.6%0.8%13.2K-25.9K-1.6K1.4892.43N/AN/A98145400186
2015-02-17$22.96$22.5027.4%7.9%30.3%15.9%29.8%-6.2%2.3%13.8K-56.8K-1.6K1.4487.54N/AN/A101145401186
2015-02-18$22.96$22.5028.1%8.0%30.2%16.7%26.7%5.1%-1.0%14.0K-36.6K-1.6K1.4999.90N/AN/A97145415186
2015-02-19$23.14$22.5028.9%8.3%29.9%17.7%0.0%6.7%-1.5%15.0K-78.0K-1.6K0.0098.55N/AN/A50421186
2015-02-20$23.39$22.5026.1%7.5%30.2%14.4%0.0%7.7%-4.0%16.6K-109.4K-1.6K1.00100.49N/AN/A1818416180
2015-02-23$23.27$22.5024.9%7.1%30.0%13.0%23.5%7.0%-1.3%15.8K-130.9K-1.6K1.22103.47N/AN/A91111374178
2015-02-24$23.54$22.5025.1%7.2%30.3%13.2%22.9%9.3%-0.9%17.5K-175.7K-1.6K1.18103.79N/AN/A94111379178
2015-02-25$23.56$22.5023.8%6.8%30.0%11.7%24.0%0.3%2.6%17.9K-185.0K-1.6K1.18102.25N/AN/A94111382178
2015-02-26$23.66$22.5027.1%7.8%30.0%15.6%24.0%11.4%-3.7%19.0K-210.7K-1.6K1.18103.86N/AN/A94111382178
2015-02-27$23.47$22.5026.5%7.6%29.5%14.9%24.4%8.0%-3.2%17.8K-187.6K-1.6K1.18103.17N/AN/A94111382178