BHE Options History — February 2019

In February 2019, BHE traded between $25.48 and $28.23. ATM implied volatility averaged 25.9%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 6.0% (HV 20d: 19.9%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.66.

Notable Days

  • 2019-02-27: Highest Volume — 103 contracts
  • 2019-02-11: Largest IV drop — 42.1% change
  • 2019-02-05: Highest IV Rank — 76.4%
  • 2019-02-07: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.41$25.48$28.23$25.48$27.44
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV25.9%13.8%59.2%52.2%24.4%
Expected Move6.6%4.0%11.7%10.6%7.0%
HV 20d19.9%12.9%30.1%30.1%16.6%
HV 60d30.0%29.3%31.1%30.8%29.6%
IV Rank21.8%1.9%76.4%65.0%19.3%
IV Percentile32.4%0.8%98.8%98.0%35.3%
Term Structure5.1%-4.8%11.7%-3.1%0.8%
VWIV20.5%15.8%39.2%39.2%23.8%
Skew 25d3.0%-3.7%15.2%2.3%-0.6%
Skew 10d4.8%-6.3%19.9%0.5%-0.5%
Call IV 25d22.6%14.7%38.6%38.6%22.9%
Put IV 25d25.6%16.3%41.0%41.0%22.3%
Bid-Ask Spread %66.6132.87106.7688.7750.51
Gamma HHI0.440.360.580.480.45
Net GEX-4.9K-16.4K9.9K-16.4K4.6K
Net DEX-128.7K-265.2K134.1K134.1K-163.2K
Net VEX-1.4K-1.9K-1.1K-1.8K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.002.502.460.02
Total Volume48.842210390103
Total OI605526690553642

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$25.48$0.0052.2%10.6%30.1%65.0%39.2%2.3%-3.1%-16.4K134.1K-1.8K2.4688.77N/AN/A2664111442
2019-02-04$25.78$30.0058.8%10.6%29.2%75.8%0.0%11.4%-0.9%-15.6K108.5K-1.7K0.0087.56N/AN/A20114442
2019-02-05$26.24$30.0059.2%11.0%23.0%76.4%0.0%4.3%-2.8%-14.4K63.1K-1.7K0.0068.12N/AN/A420116442
2019-02-06$26.55$30.0039.3%11.3%21.8%43.8%0.0%5.2%-4.8%-11.9K-29.5K-1.9K0.0073.79N/AN/A100156442
2019-02-07$27.06$30.0040.7%11.7%21.8%46.1%0.0%3.6%-4.6%-11.8K-95.9K-1.7K2.2057.93N/AN/A1022166442
2019-02-08$27.45$30.0028.5%8.2%21.8%26.1%19.2%0.9%-2.5%-6.2K-234.4K-1.2K2.4796.27N/AN/A1537174461
2019-02-11$27.51$30.0016.5%4.7%22.0%6.4%25.8%15.2%11.1%-9.4K-143.8K-1.6K2.5089.64N/AN/A410179473
2019-02-12$27.54$30.0014.1%4.0%21.3%2.5%15.9%0.8%11.2%-7.8K-207.4K-1.2K0.3199.84N/AN/A4213179478
2019-02-13$27.98$30.0014.6%4.2%21.1%3.2%17.0%3.2%10.9%-3.8K-257.1K-1.2K0.31106.76N/AN/A4213211479
2019-02-14$27.88$30.0015.3%4.4%21.4%4.4%17.1%1.6%10.8%-3.4K-252.7K-1.3K0.3199.64N/AN/A4213211479
2019-02-15$27.96$30.0013.8%4.0%20.8%1.9%16.1%-0.2%11.7%-2.8K-265.2K-1.2K0.2794.77N/AN/A4913211479
2019-02-19$27.80$30.0014.2%4.1%19.6%2.6%0.0%1.7%10.1%-3.7K-112.9K-1.3K0.0032.87N/AN/A30146380
2019-02-20$28.06$30.0014.7%4.2%15.7%3.4%16.6%3.0%11.1%-2.9K-131.2K-1.2K0.1334.17N/AN/A162146380
2019-02-21$27.94$30.0014.7%4.2%15.1%3.4%15.8%0.2%9.0%-2.1K-127.0K-1.3K0.3136.38N/AN/A165158382
2019-02-22$28.23$30.0019.8%5.7%13.7%11.8%18.0%-3.7%1.3%-395-166.1K-1.1K1.2541.24N/AN/A45158385
2019-02-25$28.23$30.0016.5%4.7%12.9%6.3%0.0%2.8%9.5%-379-164.1K-1.1K0.0038.13N/AN/A1010158385
2019-02-26$28.05$30.0016.0%4.6%13.7%5.6%0.0%3.3%10.2%9.9K-227.9K-1.4K0.0034.67N/AN/A1010259385
2019-02-27$27.55$30.0019.4%5.5%16.3%11.0%21.8%1.7%7.5%6.1K-172.0K-1.5K0.0234.59N/AN/A1012259385
2019-02-28$27.44$30.0024.4%7.0%16.6%19.3%23.8%-0.6%0.8%4.6K-163.2K-1.5K0.0250.51N/AN/A1012259383