BHE Options History — July 2018

In July 2018, BHE traded between $24.10 and $30.28. ATM implied volatility averaged 28.8%, placing in the 43.6% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 4.6% (HV 20d: 33.4%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.09.

Notable Days

  • 2018-07-26: Highest Volume — 945 contracts
  • 2018-07-11: Largest IV spike — 26.6% change
  • 2018-07-24: Highest IV Rank — 65.4%
  • 2018-07-05: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.29$24.10$30.28$29.18$24.33
Max Pain$29.05$25.00$30.00$30.00$25.00
ATM IV28.8%20.6%36.9%20.6%24.7%
Expected Move8.8%5.9%10.9%5.9%7.1%
HV 20d33.4%18.0%70.8%21.3%70.8%
HV 60d30.3%17.1%43.3%27.3%43.3%
IV Rank43.6%21.4%65.4%21.4%32.5%
IV Percentile64.9%19.0%94.4%19.0%50.0%
Term Structure-1.8%-8.4%14.2%9.6%-2.3%
VWIV30.9%20.5%38.6%20.5%25.1%
Skew 25d8.0%-2.7%15.0%1.5%6.1%
Skew 10d12.0%-3.1%24.2%-1.9%7.4%
Call IV 25d28.7%21.8%47.3%21.8%25.4%
Put IV 25d36.7%23.3%58.7%23.3%31.5%
Bid-Ask Spread %63.5216.50116.2259.0936.22
Gamma HHI0.790.480.950.900.50
Net GEX19.4K-6.0K35.2K22.7K7.5K
Net DEX-130.7K-304.3K104.5K-173.5K24.5K
Net VEX-1.2K-4.1K-252-874-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.384.860.383.31
Total Volume249.61986945128742
Total OI547.5241111,2365091,236

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$29.18$30.0020.6%5.9%21.3%21.4%20.5%1.5%9.6%22.7K-173.5K-8740.3859.09N/AN/A9335228281
2018-07-03$29.05$30.0021.4%6.1%20.5%23.6%20.5%2.1%14.2%25.4K-209.3K-9050.38103.57N/AN/A9335228281
2018-07-05$29.65$30.0025.3%10.9%20.9%34.2%38.0%11.4%-7.0%22.9K-224.1K-8890.38116.22N/AN/A9335228281
2018-07-06$29.90$30.0020.6%9.3%20.9%21.4%32.4%3.2%-1.5%29.0K-244.0K-8990.3897.58N/AN/A9335228281
2018-07-09$30.00$30.0022.8%9.0%20.9%27.3%31.6%15.0%-0.4%29.3K-276.4K-8690.3857.73N/AN/A9335228281
2018-07-10$30.28$30.0025.8%9.1%20.3%35.3%31.6%4.7%-3.1%27.8K-304.3K-8540.3874.57N/AN/A9335228281
2018-07-11$29.35$30.0032.6%9.4%23.1%53.8%32.6%5.6%-2.9%30.6K-257.3K-8180.3866.46N/AN/A9335228281
2018-07-12$29.55$30.0032.6%9.3%23.2%53.6%32.6%10.6%-3.0%26.6K-217.6K-8080.4796.89N/AN/A7435228281
2018-07-13$29.63$30.0033.7%9.7%23.2%56.8%33.7%2.9%-4.7%32.3K-219.0K-7980.47107.92N/AN/A7435231281
2018-07-16$29.63$30.0034.0%9.7%23.2%57.5%34.0%13.6%-5.3%34.6K-209.8K-7310.4981.33N/AN/A7235231281
2018-07-17$29.45$30.0033.8%9.7%23.2%57.0%33.8%14.6%-2.1%35.2K-178.0K-6940.6969.29N/AN/A5135232281
2018-07-18$29.45$30.0032.5%9.3%23.2%53.5%32.5%12.2%-2.9%34.2K-128.8K-6520.6935.25N/AN/A5236233281
2018-07-19$29.48$30.0033.1%9.5%23.0%55.1%33.1%13.2%-3.4%34.4K-124.7K-6340.5026.77N/AN/A7236233282
2018-07-20$29.40$30.0033.6%9.6%23.1%56.4%33.6%14.2%-3.8%5.4K-66.9K-5250.5062.12N/AN/A7236211282
2018-07-23$29.55$30.0035.8%10.3%20.9%62.3%38.3%14.0%-0.9%5.5K-82.5K-5270.8467.49N/AN/A51438724
2018-07-24$29.35$30.0036.9%10.6%18.0%65.4%38.6%13.2%-8.4%4.4K-73.2K-5411.3138.01N/AN/A51678754
2018-07-25$24.20$30.0030.0%8.6%70.1%46.7%30.2%-2.7%-3.3%-1.6K104.5K-2520.3918.53N/AN/A2429411562
2018-07-26$24.48$25.0026.2%7.5%70.5%36.5%26.1%3.6%-2.8%8.4K-44.0K-8551.6322.30N/AN/A359586256101
2018-07-27$24.10$25.0023.6%6.8%70.5%29.5%24.2%4.5%-0.5%-6.0K87.7K-4.0K4.0480.12N/AN/A141569497631
2018-07-30$24.18$25.0026.2%7.5%70.6%36.6%26.9%5.3%-3.2%-1.2K71.5K-4.1K4.8616.50N/AN/A117569578639
2018-07-31$24.33$25.0024.7%7.1%70.8%32.5%25.1%6.1%-2.3%7.5K24.5K-3.9K3.3136.22N/AN/A172570597639