BHE Options History — February 2017

In February 2017, BHE traded between $30.33 and $32.90. ATM implied volatility averaged 33.8%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 11.8% (HV 20d: 21.9%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 1.44.

Notable Days

2017-02-08: Highest Volume — 212 contracts
2017-02-24: Largest IV spike — 152.6% change
2017-02-24: Highest IV Rank — 37.5%
2017-02-24: Largest Expected Move — 23.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.77	$30.33	$32.90	$30.78	$31.10
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	33.8%	18.6%	81.7%	31.5%	50.8%
Expected Move	9.2%	5.3%	23.4%	9.0%	14.6%
HV 20d	21.9%	15.5%	26.4%	17.6%	26.4%
HV 60d	20.6%	18.2%	22.0%	18.7%	22.0%
IV Rank	10.3%	1.7%	37.5%	9.0%	20.0%
IV Percentile	59.5%	5.6%	98.8%	67.1%	91.3%
Term Structure	-6.6%	-39.3%	11.5%	-3.7%	-33.4%
VWIV	27.7%	14.7%	100.0%	24.2%	17.0%
Skew 25d	-3.4%	-68.3%	13.8%	3.6%	-51.5%
Skew 10d	3.8%	-7.0%	15.0%	11.0%	-2.4%
Call IV 25d	36.2%	14.1%	113.7%	33.3%	113.7%
Put IV 25d	32.8%	15.1%	115.1%	36.9%	62.1%
Bid-Ask Spread %	119.64	100.75	138.88	121.76	132.00
Gamma HHI	0.94	0.79	0.99	0.84	0.94
Net GEX	-8.9K	-20.0K	5.0K	3.2K	-17.0K
Net DEX	-55.4K	-134.7K	139.6K	-93.5K	139.6K
Net VEX	-591	-901	-308	-308	-901
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.44	0.33	5.06	0.48	1.72
Total Volume	59.737	34	212	34	49
Total OI	206.368	64	277	64	277

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2017-02-01	$30.78	$0.00	31.5%	9.0%	17.6%	9.0%	0.0%	3.6%	-3.7%	3.2K	-93.5K	-308	0.48	121.76	N/A	N/A	23	11	53	11
2017-02-02	$30.50	$0.00	33.1%	7.8%	17.0%	10.0%	0.0%	5.8%	0.7%	3.1K	-91.6K	-314	0.34	106.86	N/A	N/A	32	11	53	11
2017-02-03	$30.80	$0.00	35.4%	6.4%	16.4%	11.3%	0.0%	-2.4%	11.5%	4.9K	-131.5K	-424	0.33	112.66	N/A	N/A	33	11	73	11
2017-02-06	$30.45	$0.00	35.6%	8.1%	16.9%	11.4%	0.0%	0.1%	0.0%	5.0K	-130.1K	-412	0.33	102.71	N/A	N/A	33	11	74	11
2017-02-07	$30.33	$0.00	33.7%	8.2%	16.5%	10.3%	0.0%	5.6%	-0.8%	4.9K	-134.7K	-402	0.82	114.89	N/A	N/A	33	27	74	11
2017-02-08	$30.83	$0.00	22.7%	6.5%	15.5%	4.0%	24.2%	-1.3%	1.7%	1.8K	-110.3K	-499	5.06	100.75	N/A	N/A	35	177	74	38
2017-02-09	$32.55	$30.00	33.0%	9.4%	24.8%	9.9%	27.8%	13.8%	2.9%	-11.5K	-92.8K	-767	1.03	121.96	N/A	N/A	36	37	76	188
2017-02-10	$31.98	$30.00	18.6%	5.3%	25.6%	1.7%	14.7%	-10.0%	2.2%	-18.0K	-20.4K	-756	1.06	110.64	N/A	N/A	36	38	54	198
2017-02-13	$32.17	$30.00	22.0%	6.3%	25.7%	3.7%	19.6%	3.2%	-6.6%	-16.8K	-51.1K	-626	0.72	118.92	N/A	N/A	36	26	54	199
2017-02-14	$32.35	$30.00	40.5%	11.6%	23.7%	14.1%	24.0%	3.7%	-39.3%	-15.2K	-47.0K	-623	1.44	118.13	N/A	N/A	18	26	54	199
2017-02-15	$32.90	$30.00	32.6%	9.3%	24.1%	9.6%	20.4%	7.0%	4.5%	-12.5K	-55.3K	-626	1.39	134.59	N/A	N/A	18	25	57	199
2017-02-16	$32.80	$30.00	18.9%	5.4%	23.3%	1.9%	26.6%	12.3%	5.4%	-12.3K	-90.7K	-502	2.11	119.22	N/A	N/A	18	38	57	202
2017-02-17	$32.48	$30.00	26.3%	7.5%	23.8%	6.1%	15.4%	1.2%	-16.5%	-14.7K	-69.2K	-607	2.11	128.13	N/A	N/A	18	38	57	211
2017-02-21	$32.60	$30.00	23.1%	6.6%	23.7%	4.3%	18.3%	1.6%	8.0%	-13.1K	-78.5K	-541	1.50	119.91	N/A	N/A	18	27	57	200
2017-02-22	$32.50	$30.00	41.8%	12.0%	23.6%	14.9%	27.5%	-68.3%	-17.5%	-12.2K	8.0K	-748	1.72	138.88	N/A	N/A	18	31	57	200
2017-02-23	$32.40	$30.00	32.4%	9.3%	23.7%	9.5%	28.9%	9.3%	-16.0%	-17.1K	-37.4K	-679	1.72	112.58	N/A	N/A	18	31	57	220
2017-02-24	$32.10	$30.00	81.7%	23.4%	24.0%	37.5%	100.0%	4.2%	-26.1%	-11.1K	60.1K	-843	1.72	138.11	N/A	N/A	18	31	57	220
2017-02-27	$32.00	$30.00	27.5%	7.9%	24.1%	6.8%	22.9%	-2.4%	-2.4%	-20.0K	-25.9K	-652	1.72	120.40	N/A	N/A	18	31	57	220
2017-02-28	$31.10	$30.00	50.8%	14.6%	26.4%	20.0%	17.0%	-51.5%	-33.4%	-17.0K	139.6K	-901	1.72	132.00	N/A	N/A	18	31	57	220