BHE Options History — March 2018

In March 2018, BHE traded between $29.23 and $32.20. ATM implied volatility averaged 28.9%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 8.0% (HV 20d: 20.9%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.05.

Notable Days

  • 2018-03-29: Highest Volume — 183 contracts
  • 2018-03-09: Largest IV spike — 57.2% change
  • 2018-03-12: Highest IV Rank — 51.0%
  • 2018-03-29: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.98$29.23$32.20$29.70$29.85
Max Pain$26.67$25.00$30.00$30.00$30.00
ATM IV28.9%19.2%49.8%24.4%34.1%
Expected Move7.4%5.5%9.8%7.0%9.8%
HV 20d20.9%16.6%27.3%26.6%25.3%
HV 60d22.5%21.7%24.3%21.7%24.3%
IV Rank23.6%7.5%51.0%14.9%43.8%
IV Percentile62.5%6.0%97.6%49.6%90.5%
Term Structure3.6%-2.1%12.3%-1.6%-2.1%
VWIV24.5%20.4%34.1%24.4%34.1%
Skew 25d5.1%-6.8%23.3%-4.4%0.8%
Skew 10d7.5%-8.6%41.3%-8.6%1.2%
Call IV 25d22.1%14.7%34.4%31.5%33.5%
Put IV 25d27.2%20.7%47.4%27.0%34.3%
Bid-Ask Spread %82.5461.95107.5386.4470.68
Gamma HHI0.560.450.680.580.45
Net GEX20.1K9.2K27.3K17.7K9.5K
Net DEX-494.5K-680.2K-197.0K-313.8K-261.6K
Net VEX-1.3K-1.6K-1.1K-1.6K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.581.930.931.73
Total Volume134.8195183108183
Total OI661.048591685667681

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$29.70$30.0024.4%7.0%26.6%14.9%24.4%-4.4%-1.6%17.7K-313.8K-1.6K0.9386.44N/AN/A5652330337
2018-03-02$30.25$30.0024.4%7.0%27.3%14.9%24.6%-6.8%1.0%18.5K-407.7K-1.6K0.8197.02N/AN/A6452329337
2018-03-05$30.48$25.0021.7%6.7%26.5%11.0%21.2%5.4%5.6%21.3K-439.8K-1.5K0.8173.60N/AN/A6452329337
2018-03-06$30.78$25.0025.2%6.8%22.2%16.1%22.3%3.9%4.8%21.1K-491.7K-1.4K0.7073.26N/AN/A7452329337
2018-03-07$31.10$25.0026.0%7.3%22.3%17.1%24.8%4.7%3.1%21.1K-525.7K-1.5K0.7067.26N/AN/A7452339337
2018-03-08$31.35$25.0025.6%6.7%22.3%16.6%20.4%7.7%5.6%23.0K-564.9K-1.4K0.6777.71N/AN/A7852339337
2018-03-09$31.78$25.0040.2%7.2%16.6%37.4%21.5%10.5%4.3%21.8K-593.4K-1.3K0.6661.95N/AN/A7952337337
2018-03-12$32.20$25.0049.8%7.6%16.9%51.0%22.6%7.0%3.7%21.9K-673.3K-1.3K0.7098.77N/AN/A7452348337
2018-03-13$31.85$25.0045.2%6.0%16.6%44.5%21.2%-1.8%7.9%24.4K-666.5K-1.1K0.7079.14N/AN/A7452348337
2018-03-14$31.33$25.0025.7%7.4%17.7%16.7%22.6%8.5%3.6%24.1K-580.7K-1.3K0.7072.08N/AN/A7452348337
2018-03-15$31.80$25.0024.1%6.9%18.0%14.5%20.8%9.1%4.5%24.7K-646.9K-1.2K0.7071.22N/AN/A7452348337
2018-03-16$32.13$25.0025.5%7.3%17.4%16.4%22.0%7.5%3.5%23.8K-680.2K-1.2K0.7092.52N/AN/A7452348337
2018-03-19$31.85$25.0019.2%5.5%17.8%7.5%21.3%1.2%12.3%24.9K-648.0K-1.1K0.5874.85N/AN/A6035330261
2018-03-20$31.70$25.0024.6%7.0%17.4%15.1%22.3%5.0%4.5%26.1K-609.0K-1.1K0.5873.41N/AN/A6035330261
2018-03-21$31.60$25.0026.3%7.5%17.0%17.6%23.3%8.7%2.8%25.7K-600.7K-1.2K0.5891.62N/AN/A6035330261
2018-03-22$31.03$25.0024.9%7.1%18.6%15.7%24.7%7.8%7.1%27.3K-548.9K-1.1K1.9379.04N/AN/A60116330261
2018-03-23$30.13$30.0029.7%8.5%21.7%22.4%29.5%5.7%2.4%10.8K-311.6K-1.6K1.9388.69N/AN/A60116330350
2018-03-26$30.60$30.0029.2%8.4%21.7%31.6%29.0%23.3%0.6%13.7K-345.9K-1.4K1.9393.09N/AN/A60116330350
2018-03-27$29.78$30.0030.5%8.8%23.7%34.5%30.5%1.6%0.2%10.8K-276.9K-1.4K1.93107.53N/AN/A60116330350
2018-03-28$29.23$30.0030.8%8.8%24.6%36.7%30.7%1.6%1.7%9.2K-197.0K-1.4K1.93103.44N/AN/A60116331350
2018-03-29$29.85$30.0034.1%9.8%25.3%43.8%34.1%0.8%-2.1%9.5K-261.6K-1.4K1.7370.68N/AN/A67116331350