BHE Options History — December 2018

In December 2018, BHE traded between $20.30 and $24.12. ATM implied volatility averaged 40.6%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 11.2% (HV 20d: 29.4%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.13.

Notable Days

  • 2018-12-14: Highest Volume — 235 contracts
  • 2018-12-07: Largest IV spike — 122.8% change
  • 2018-12-07: Highest IV Rank — 100.0%
  • 2018-12-27: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.77$20.30$24.12$24.12$21.06
Max Pain$23.38$22.50$25.00$25.00$22.50
ATM IV40.6%25.4%73.5%28.0%39.8%
Expected Move11.0%7.3%15.6%8.0%11.4%
HV 20d29.4%22.6%33.3%22.6%33.1%
HV 60d32.0%29.4%33.2%29.4%33.1%
IV Rank47.6%20.9%100.0%30.4%44.7%
IV Percentile85.0%44.4%100.0%59.5%90.9%
Term Structure-1.9%-32.7%33.3%-2.5%10.9%
VWIV36.4%29.2%50.7%40.0%50.7%
Skew 25d5.1%-19.0%21.2%2.1%6.0%
Skew 10d8.7%-14.2%32.2%-14.2%6.7%
Call IV 25d36.1%24.4%50.3%32.5%32.9%
Put IV 25d41.2%28.9%66.0%34.6%38.8%
Bid-Ask Spread %94.2052.01110.4752.01105.87
Gamma HHI0.440.310.620.510.47
Net GEX-5.5K-21.3K11.6K11.6K-4.7K
Net DEX486.8K184.2K733.4K184.2K562.5K
Net VEX-2.4K-3.1K-1.7K-2.9K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.130.058.712.713.00
Total Volume68.55023501
Total OI1,028.958741,184955874

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$24.12$25.0028.0%8.0%22.6%30.4%0.0%2.1%-2.5%11.6K184.2K-2.9K0.0052.01N/AN/A00423532
2018-12-04$22.87$25.0041.7%11.9%28.8%57.6%40.0%-19.0%-28.9%-3.8K328.9K-2.9K2.71106.86N/AN/A719423532
2018-12-05$22.84$25.0043.3%12.4%28.6%60.9%36.4%-5.7%-32.7%-3.3K350.2K-2.8K2.71109.48N/AN/A719423532
2018-12-06$22.77$25.0033.0%8.9%28.4%40.5%0.0%6.9%0.8%-17.3K525.0K-2.5K0.0071.53N/AN/A042416551
2018-12-07$22.71$25.0073.5%13.6%28.3%100.0%0.0%15.7%-5.4%-4.5K394.6K-2.9K8.71105.12N/AN/A761416551
2018-12-10$22.24$25.0039.0%9.0%27.2%43.3%30.5%6.3%1.2%-21.3K602.3K-2.3K0.0075.40N/AN/A011416551
2018-12-11$22.28$25.0041.9%9.5%26.9%48.0%32.6%9.6%2.2%-18.4K559.7K-2.3K0.0591.85N/AN/A22211416545
2018-12-12$22.61$22.5044.1%12.6%27.5%51.7%43.5%8.2%-6.2%1.8K239.3K-3.1K0.0592.82N/AN/A22211637545
2018-12-13$21.96$22.5031.6%9.1%28.8%31.2%30.8%4.5%-1.5%-7.1K392.5K-2.7K0.0588.13N/AN/A22211637545
2018-12-14$21.38$22.5025.4%7.3%28.5%20.9%29.2%1.0%3.3%-2.3K499.7K-2.6K0.0597.40N/AN/A22411637545
2018-12-17$21.12$22.5043.2%12.4%28.4%50.2%0.0%3.6%-10.1%-7.8K548.0K-2.4K0.0095.34N/AN/A00639545
2018-12-18$21.68$22.5038.3%11.0%29.3%42.2%0.0%3.5%-3.3%-6.6K540.2K-2.4K0.0097.04N/AN/A00639545
2018-12-19$21.26$22.5027.2%7.8%29.6%23.9%0.0%-2.9%2.8%-1.4K521.7K-2.3K0.00110.47N/AN/A00639545
2018-12-20$21.22$22.5037.1%10.6%29.5%40.2%0.0%4.8%-2.2%-7.2K631.1K-2.2K0.0088.41N/AN/A00639545
2018-12-21$20.30$22.5032.2%9.2%31.7%32.1%32.2%18.0%5.7%-6.4K733.4K-1.7K0.0095.67N/AN/A09639545
2018-12-24$20.36$22.5042.6%12.2%31.6%49.1%30.9%12.5%33.3%-4.3K586.5K-1.9K0.07109.04N/AN/A21515412469
2018-12-26$20.77$22.5047.0%13.5%33.0%56.5%48.5%21.2%9.1%-3.6K564.8K-1.9K3.0096.90N/AN/A26412469
2018-12-27$20.74$22.5054.4%15.6%32.4%68.6%33.7%-0.2%-6.1%-2.5K519.5K-2.0K3.00102.20N/AN/A26412463
2018-12-28$21.05$22.5049.2%14.1%33.3%60.1%34.2%5.7%-8.2%-1.3K452.0K-2.1K3.0092.39N/AN/A26412463
2018-12-31$21.06$22.5039.8%11.4%33.1%44.7%50.7%6.0%10.9%-4.7K562.5K-1.9K0.00105.87N/AN/A01412462