BHE Options History — November 2018

In November 2018, BHE traded between $22.67 and $24.54. ATM implied volatility averaged 29.0%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 11.3% (HV 20d: 40.3%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 5.20.

Notable Days

  • 2018-11-15: Highest Volume — 403 contracts
  • 2018-11-09: Largest IV spike — 43.4% change
  • 2018-11-15: Highest IV Rank — 52.2%
  • 2018-11-15: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.67$22.67$24.54$22.67$23.85
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV29.0%16.3%38.9%29.4%29.2%
Expected Move8.7%6.8%11.2%8.4%8.4%
HV 20d40.3%27.4%43.6%38.2%27.4%
HV 60d28.8%26.3%29.6%26.3%29.2%
IV Rank32.5%7.2%52.2%33.4%32.9%
IV Percentile61.2%2.8%94.0%70.6%65.1%
Term Structure-2.1%-6.1%5.0%-3.1%-4.0%
VWIV30.1%22.3%33.7%29.5%31.9%
Skew 25d6.7%2.8%15.1%15.1%3.2%
Skew 10d13.4%-7.5%43.6%25.1%35.6%
Call IV 25d26.5%18.1%30.2%21.2%29.9%
Put IV 25d33.2%27.3%42.5%36.3%33.2%
Bid-Ask Spread %64.7622.5196.9127.2171.48
Gamma HHI0.550.470.830.610.48
Net GEX5.8K-57.1K121.7K-32.4K3.7K
Net DEX298.2K-72.5K697.3K697.3K269.9K
Net VEX-3.3K-4.0K-3.0K-3.4K-3.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.200.957.594.506.68
Total Volume248.333183403264192
Total OI1,273.5719271,6831,446955

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$22.67$25.0029.4%8.4%38.2%33.4%29.5%15.1%-3.1%-32.4K697.3K-3.4K4.5027.21N/AN/A48216701745
2018-11-02$23.72$25.0028.2%8.1%41.5%31.0%22.3%13.7%5.0%12.1K328.3K-3.9K3.0384.38N/AN/A78236699756
2018-11-05$24.12$25.0017.7%7.0%41.8%10.1%26.7%7.1%-0.9%39.4K101.2K-4.0K2.9526.91N/AN/A80236729784
2018-11-06$24.30$25.0016.3%7.0%41.9%7.2%28.4%7.1%-1.8%45.4K23.3K-3.9K5.0022.51N/AN/A47235721784
2018-11-07$24.44$25.0017.1%6.8%41.8%8.9%27.4%6.9%-0.1%52.7K-72.5K-3.9K5.0627.55N/AN/A47238725783
2018-11-08$24.54$25.0016.8%6.8%41.8%8.2%27.3%2.8%-1.6%121.7K-10.2K-3.6K5.0675.21N/AN/A47238725783
2018-11-09$23.80$25.0024.0%7.6%43.4%22.7%27.6%3.9%-1.5%3.2K381.3K-3.1K4.0467.43N/AN/A55222726783
2018-11-12$23.42$25.0031.9%8.6%43.6%38.3%29.2%5.6%-0.9%-34.8K480.9K-3.0K4.0470.47N/AN/A55222738783
2018-11-13$23.49$25.0033.5%8.9%43.4%41.4%29.2%7.2%-3.2%-30.3K462.5K-3.0K4.0476.38N/AN/A55222740783
2018-11-14$23.14$25.0029.6%8.5%42.2%33.6%28.5%5.8%-1.5%-57.1K552.7K-3.0K4.0484.78N/AN/A55222740783
2018-11-15$23.65$25.0038.9%11.2%42.7%52.2%30.5%12.4%-6.1%-13.8K421.4K-3.0K0.9591.85N/AN/A207196740770
2018-11-16$23.75$25.0036.0%10.3%42.7%46.4%31.4%5.5%-3.5%2.2K270.1K-3.4K4.0096.91N/AN/A49196902781
2018-11-19$23.10$25.0033.4%9.6%43.3%41.2%33.0%7.2%-2.7%-1.8K345.2K-3.2K7.3293.26N/AN/A22161412515
2018-11-20$23.27$25.0033.6%9.6%43.5%41.7%33.7%6.6%-3.1%-3.0K356.2K-3.2K7.5974.65N/AN/A22167416527
2018-11-21$23.31$25.0031.7%9.1%42.3%37.9%31.6%5.5%-0.4%-1.5K338.0K-3.2K7.5979.96N/AN/A22167416532
2018-11-23$23.67$25.0033.5%9.6%42.6%41.5%31.1%3.1%0.6%2.3K263.4K-3.3K6.6885.16N/AN/A25167416532
2018-11-26$23.80$25.0030.0%8.6%39.6%34.4%33.2%4.3%-3.9%3.8K249.4K-3.2K6.6828.08N/AN/A25167423532
2018-11-27$23.55$25.0034.9%10.0%37.6%44.3%33.4%6.1%-4.7%2.2K300.5K-3.1K6.6839.92N/AN/A25167423532
2018-11-28$23.84$25.0028.6%8.2%35.0%31.6%33.6%6.1%-2.7%4.4K240.4K-3.1K6.6875.55N/AN/A25167423532
2018-11-29$23.70$25.0034.1%9.8%30.1%42.6%31.8%4.5%-4.2%4.0K263.2K-3.0K6.6860.31N/AN/A25167423532
2018-11-30$23.85$25.0029.2%8.4%27.4%32.9%31.9%3.2%-4.0%3.7K269.9K-3.0K6.6871.48N/AN/A25167423532