BHE Options History — April 2018

In April 2018, BHE traded between $26.35 and $31.45. ATM implied volatility averaged 33.6%, placing in the 52.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 6.4% (HV 20d: 27.3%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.34.

Notable Days

  • 2018-04-30: Highest Volume — 384 contracts
  • 2018-04-06: Largest IV spike — 42.2% change
  • 2018-04-27: Highest IV Rank — 90.2%
  • 2018-04-27: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.78$26.35$31.45$29.20$26.35
Max Pain$30.00$25.00$35.00$30.00$30.00
ATM IV33.6%21.1%46.3%34.1%33.3%
Expected Move9.9%6.0%13.3%9.8%9.6%
HV 20d27.3%20.7%41.0%25.5%40.8%
HV 60d25.3%23.4%31.7%24.5%31.7%
IV Rank52.8%15.5%90.2%43.8%54.1%
IV Percentile82.5%17.9%99.2%90.5%86.1%
Term Structure-5.1%-40.6%10.0%-2.7%-4.1%
VWIV31.0%18.3%38.2%34.0%33.2%
Skew 25d8.3%-4.6%25.8%-4.6%11.1%
Skew 10d14.1%-6.5%36.5%-6.5%12.0%
Call IV 25d31.5%21.9%38.3%34.4%21.9%
Put IV 25d39.8%25.2%54.0%29.8%33.0%
Bid-Ask Spread %55.2325.29109.1379.7537.38
Gamma HHI0.550.310.780.460.48
Net GEX11.4K-2.1K24.9K8.6K-2.1K
Net DEX-283.4K-728.5K33.5K-160.0K33.5K
Net VEX-804-1.3K-444-1.3K-444
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.072.181.730.07
Total Volume156.71438384183384
Total OI541148698688188

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$29.20$30.0034.1%9.8%25.5%43.8%34.0%-4.6%-2.7%8.6K-160.0K-1.3K1.7379.75N/AN/A67116338350
2018-04-03$29.58$30.0021.1%6.0%25.8%15.5%19.3%-1.6%10.0%16.6K-232.5K-1.2K1.7398.80N/AN/A67116338350
2018-04-04$29.73$30.0024.9%7.1%25.6%23.9%24.9%25.8%6.8%16.2K-213.7K-1.2K1.4162.77N/AN/A82116338350
2018-04-05$29.65$35.0024.7%9.5%25.2%23.5%32.4%6.6%-2.4%16.3K-219.7K-1.2K1.4159.99N/AN/A82116338350
2018-04-06$29.10$35.0035.2%9.9%25.5%46.3%36.9%4.9%-2.2%9.5K-136.8K-1.1K1.6147.02N/AN/A72116338350
2018-04-09$29.20$35.0023.3%9.9%24.8%26.1%35.3%5.9%-3.4%16.2K-87.0K-9861.6165.48N/AN/A72116338350
2018-04-10$29.70$35.0031.1%9.9%25.2%48.0%18.3%16.1%-3.1%16.0K-227.2K-1.1K1.8131.83N/AN/A64116338350
2018-04-11$30.20$35.0035.3%10.1%26.1%59.5%18.7%16.9%-3.8%24.9K-343.5K-9801.6371.18N/AN/A67109338350
2018-04-12$30.43$35.0034.3%9.8%25.8%56.7%31.7%6.7%-3.8%23.6K-422.3K-9671.6050.57N/AN/A68109342353
2018-04-13$30.73$25.0034.5%9.9%25.5%57.5%32.8%6.6%-2.3%20.2K-462.9K-8931.6039.78N/AN/A68109343353
2018-04-16$30.78$25.0036.1%10.3%25.1%61.7%31.4%9.0%-4.7%17.1K-486.7K-7972.1825.29N/AN/A50109343353
2018-04-17$31.23$25.0037.2%10.7%25.6%64.9%30.4%8.9%-5.7%16.4K-581.7K-7422.1834.16N/AN/A50109345353
2018-04-18$31.45$25.0036.7%10.5%25.8%63.5%33.0%6.0%-5.8%7.7K-728.5K-5342.1839.97N/AN/A50109345353
2018-04-19$31.03$25.0036.1%10.3%26.2%61.8%34.1%6.1%-5.2%16.6K-637.8K-5792.0655.29N/AN/A53109345353
2018-04-20$30.78$25.0035.8%10.3%25.5%61.0%33.3%7.7%-3.4%3.7K-699.3K-5402.1129.29N/AN/A53112345353
2018-04-23$30.45$30.0034.8%10.0%23.5%58.3%34.3%6.3%-5.0%3.1K-84.2K-5190.2365.73N/AN/A3178860
2018-04-24$30.38$30.0034.4%9.9%22.8%57.1%29.2%17.7%-4.2%3.4K-98.4K-4990.2325.79N/AN/A3179060
2018-04-25$30.68$30.0037.3%10.7%20.7%65.3%38.2%4.7%-7.4%3.5K-105.0K-5130.1639.90N/AN/A4479060
2018-04-26$27.85$30.0039.3%11.3%40.2%70.8%34.1%17.2%-14.5%1.8K-47.6K-4440.2690.74N/AN/A501311060
2018-04-27$26.83$30.0046.3%13.3%41.0%90.2%36.3%-3.3%-40.6%6-10.0K-4460.25109.13N/AN/A521310666
2018-04-30$26.35$30.0033.3%9.6%40.8%54.1%33.2%11.1%-4.1%-2.1K33.5K-4440.0737.38N/AN/A3592510880