BHE Options History — January 2019

In January 2019, BHE traded between $20.72 and $25.40. ATM implied volatility averaged 42.1%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 7.4% (HV 20d: 34.7%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 9.03.

Notable Days

  • 2019-01-04: Highest Volume — 167 contracts
  • 2019-01-03: Largest IV spike — 31.6% change
  • 2019-01-31: Highest IV Rank — 62.5%
  • 2019-01-30: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.23$20.72$25.40$21.28$25.40
Max Pain$21.25$20.00$25.00$22.50$25.00
ATM IV42.1%29.9%50.7%29.9%50.7%
Expected Move11.8%8.6%14.4%8.6%10.6%
HV 20d34.7%29.1%38.8%33.0%32.8%
HV 60d35.1%31.0%36.6%33.1%31.0%
IV Rank48.3%28.4%62.5%28.4%62.5%
IV Percentile90.2%60.7%97.6%60.7%97.6%
Term Structure-4.7%-14.7%16.8%13.6%-1.8%
VWIV42.5%33.3%50.3%45.3%50.3%
Skew 25d4.9%-3.9%26.5%17.3%3.0%
Skew 10d5.7%-13.1%18.4%2.6%12.2%
Call IV 25d40.6%24.9%48.6%28.5%37.7%
Put IV 25d45.6%34.9%55.9%45.8%40.7%
Bid-Ask Spread %90.7774.84123.1098.0476.17
Gamma HHI0.630.320.940.320.47
Net GEX-1.8K-18.5K17.4K-1.6K-18.5K
Net DEX3.4K-597.4K558.4K501.5K169.7K
Net VEX-1.9K-2.2K-1.7K-1.9K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.030.0064.000.013.05
Total Volume38.0480167185
Total OI816.0484221,090875533

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$21.28$22.5029.9%8.6%33.0%28.4%45.3%17.3%13.6%-1.6K501.5K-1.9K0.0098.04N/AN/A01412463
2019-01-03$20.72$0.0039.3%10.8%29.1%43.9%0.0%2.8%1.1%-5.3K558.4K-1.8K0.0089.03N/AN/A01412460
2019-01-04$21.36$0.0043.9%11.1%31.7%51.4%49.5%26.5%-2.3%3.9K326.0K-2.0K0.01123.10N/AN/A1661412460
2019-01-07$22.65$20.0041.3%12.0%38.6%47.0%41.9%-3.9%-9.1%4.0K-109.9K-2.1K0.00101.10N/AN/A250578460
2019-01-08$22.37$20.0035.2%9.7%38.8%37.1%33.3%-2.5%1.8%9.8K-134.5K-2.2K0.0099.08N/AN/A250610460
2019-01-09$22.79$20.0037.7%10.8%38.6%41.2%37.7%1.0%-5.3%8.5K-280.2K-2.2K0.0095.04N/AN/A250610460
2019-01-10$22.88$20.0039.7%11.4%38.6%44.5%39.9%4.4%-6.7%13.9K-226.1K-2.1K0.0077.79N/AN/A250610460
2019-01-11$23.12$20.0039.6%11.4%38.5%44.4%39.1%8.3%-4.2%13.5K-357.1K-2.0K0.00101.62N/AN/A250610460
2019-01-14$22.94$20.0040.3%11.6%37.0%45.4%0.0%9.3%-8.1%17.4K-306.3K-2.0K0.0094.01N/AN/A00610460
2019-01-15$22.95$20.0043.2%12.4%35.4%50.2%0.0%-3.9%-7.8%16.0K-301.6K-1.9K0.0094.85N/AN/A01610459
2019-01-16$23.38$20.0044.3%12.7%35.2%52.0%0.0%3.2%-8.8%5.2K-460.6K-1.8K0.0993.59N/AN/A111610459
2019-01-17$23.23$20.0041.2%11.8%34.5%46.9%39.9%-3.4%-6.6%12.6K-407.6K-1.9K0.0596.50N/AN/A211621459
2019-01-18$23.98$20.0037.5%10.8%34.8%40.8%35.9%5.4%-8.4%-14.5K-597.4K-1.8K2.3198.17N/AN/A1330631459
2019-01-22$23.41$22.5044.9%12.9%36.3%53.0%0.0%-0.5%16.8%-14.7K295.4K-1.8K0.0093.46N/AN/A02273349
2019-01-23$23.21$22.5045.0%12.9%31.9%53.2%46.3%5.6%-8.8%-15.5K325.0K-1.8K2.6978.26N/AN/A164373371
2019-01-24$23.84$22.5042.9%12.3%32.6%49.6%44.8%5.8%-7.9%-14.6K257.1K-1.9K2.1574.84N/AN/A204389382
2019-01-25$24.38$22.5042.3%12.1%32.7%48.6%44.3%5.6%-8.2%-13.0K207.2K-1.8K2.1578.92N/AN/A204391382
2019-01-28$24.44$22.5046.9%13.5%32.6%56.3%0.0%7.7%-11.9%-12.9K199.6K-1.8K4.0077.00N/AN/A1491382
2019-01-29$24.62$22.5046.9%13.4%32.5%56.3%46.7%4.5%-12.0%-14.0K174.1K-1.7K64.0080.89N/AN/A16491382
2019-01-30$24.83$25.0050.3%14.4%32.4%61.9%50.3%7.4%-14.7%-18.2K239.5K-1.9K64.0084.72N/AN/A16491442
2019-01-31$25.40$0.0050.7%10.6%32.8%62.5%0.0%3.0%-1.8%-18.5K169.7K-1.8K3.0576.17N/AN/A216491442