BHE Options History — August 2018

In August 2018, BHE traded between $24.40 and $26.55. ATM implied volatility averaged 22.9%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 28.4% (HV 20d: 51.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.61.

Notable Days

  • 2018-08-01: Highest Volume — 725 contracts
  • 2018-08-13: Largest IV spike — 32.1% change
  • 2018-08-13: Highest IV Rank — 37.8%
  • 2018-08-02: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.64$24.40$26.55$24.40$25.83
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV22.9%18.3%26.7%25.8%18.3%
Expected Move6.4%5.3%7.6%7.4%5.3%
HV 20d51.4%13.2%71.3%70.9%17.2%
HV 60d43.5%43.3%43.8%43.3%43.6%
IV Rank27.7%15.4%37.8%35.4%15.4%
IV Percentile35.0%5.6%60.7%57.1%5.6%
Term Structure1.3%-4.2%9.8%-2.8%6.3%
VWIV22.9%19.6%26.9%26.6%19.9%
Skew 25d5.0%-3.4%9.7%3.7%0.9%
Skew 10d7.6%-5.4%21.1%4.3%0.3%
Call IV 25d19.4%16.2%27.0%26.5%19.8%
Put IV 25d24.4%20.7%31.5%30.2%20.7%
Bid-Ask Spread %34.1814.7571.4245.8547.63
Gamma HHI0.470.450.520.480.45
Net GEX25.5K9.9K35.5K9.9K17.8K
Net DEX-623.3K-987.5K72.3K72.3K-556.3K
Net VEX-4.3K-5.0K-3.7K-4.2K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.610.594.733.742.31
Total Volume395.913238725725338
Total OI1,512.2611,2971,7371,2971,737

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$24.40$25.0025.8%7.4%70.9%35.4%26.6%3.7%-2.8%9.9K72.3K-4.2K3.7445.85N/AN/A153572658639
2018-08-02$24.65$25.0026.4%7.6%70.4%37.1%26.9%4.5%-4.2%17.0K-151.5K-4.2K3.7420.67N/AN/A153572695642
2018-08-03$24.88$25.0024.2%6.9%70.4%31.2%24.2%-3.4%-2.4%15.8K-262.2K-4.2K3.7414.75N/AN/A153572695642
2018-08-06$25.05$25.0025.2%6.4%70.5%33.8%22.7%7.6%2.3%18.1K-287.7K-4.0K4.7322.07N/AN/A121572695642
2018-08-07$25.50$25.0026.1%6.7%70.9%36.2%23.9%8.4%2.2%26.1K-563.0K-4.1K0.9823.84N/AN/A126123740642
2018-08-08$25.73$25.0026.2%6.7%70.6%36.4%23.5%8.4%3.0%23.2K-603.4K-4.3K1.0740.45N/AN/A115123729694
2018-08-09$25.50$25.0025.6%6.7%70.4%34.8%23.8%9.7%3.2%23.0K-517.9K-4.3K1.0726.58N/AN/A115123729694
2018-08-10$25.50$25.0020.2%6.6%70.4%20.4%23.7%6.0%2.0%27.7K-540.2K-4.2K1.5733.53N/AN/A115181730694
2018-08-13$25.53$25.0026.7%6.4%70.4%37.8%22.6%5.9%0.8%24.0K-507.8K-4.1K0.7426.31N/AN/A214158722754
2018-08-14$25.55$25.0021.0%6.6%70.5%22.6%23.4%7.8%-0.3%32.5K-691.7K-4.7K0.7121.80N/AN/A222158835792
2018-08-15$25.53$25.0023.7%6.8%70.5%29.7%24.1%6.2%-0.7%32.7K-656.1K-4.7K0.6430.83N/AN/A246158843792
2018-08-16$25.50$25.0022.1%6.3%70.4%25.4%22.4%7.1%-0.2%35.5K-757.2K-4.7K0.6524.27N/AN/A242158875792
2018-08-17$25.63$25.0022.1%6.3%70.6%25.6%22.6%5.6%0.3%23.5K-800.2K-4.7K0.5927.46N/AN/A266158870792
2018-08-20$25.98$25.0022.0%6.3%70.8%25.2%21.9%4.9%1.9%26.3K-780.7K-4.4K0.6920.12N/AN/A219151779755
2018-08-21$26.45$25.0022.7%6.5%71.3%27.1%22.8%5.3%0.9%29.7K-945.8K-4.0K1.0136.11N/AN/A170171777755
2018-08-22$26.40$25.0022.6%6.5%13.2%26.9%22.7%6.3%0.5%31.2K-961.2K-4.0K1.0153.15N/AN/A170171774775
2018-08-23$25.95$25.0021.3%6.1%14.9%23.2%22.5%3.8%2.4%26.0K-731.1K-4.5K0.9654.89N/AN/A170163774775
2018-08-24$25.83$25.0022.2%6.4%13.6%25.9%22.5%-1.9%-0.0%28.3K-716.8K-4.3K0.8643.14N/AN/A169146774776
2018-08-27$25.98$25.0020.8%5.9%13.6%21.9%21.0%1.9%1.5%30.1K-811.7K-4.0K0.8622.12N/AN/A169146774792
2018-08-28$26.55$25.0019.0%5.4%15.0%17.1%19.6%9.4%9.8%29.9K-987.5K-3.7K1.3971.42N/AN/A105146774792
2018-08-29$26.05$25.0020.7%5.9%17.2%21.8%20.8%4.5%1.7%30.6K-846.7K-3.9K1.3921.51N/AN/A105146794792
2018-08-30$25.85$25.0022.1%6.4%17.4%25.6%23.4%2.7%0.9%28.2K-730.1K-4.1K2.6457.71N/AN/A105277794792
2018-08-31$25.83$25.0018.3%5.3%17.2%15.4%19.9%0.9%6.3%17.8K-556.3K-5.0K2.3147.63N/AN/A102236794943