BHE Options History — March 2019

In March 2019, BHE traded between $25.76 and $27.46. ATM implied volatility averaged 34.3%, placing in the 35.6% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 17.5% (HV 20d: 16.8%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 12.97.

Notable Days

  • 2019-03-01: Highest Volume — 103 contracts
  • 2019-03-04: Largest IV drop — 40.3% change
  • 2019-03-01: Highest IV Rank — 72.7%
  • 2019-03-01: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.41$25.76$27.46$27.40$26.32
Max Pain$27.73$25.00$30.00$30.00$25.00
ATM IV34.3%26.3%56.9%56.9%29.1%
Expected Move9.9%7.6%16.3%16.3%9.9%
HV 20d16.8%15.3%18.7%15.4%18.7%
HV 60d26.2%23.7%29.6%29.6%24.2%
IV Rank35.6%22.5%72.7%72.7%27.1%
IV Percentile64.1%45.2%98.0%98.0%50.0%
Term Structure-1.7%-64.4%13.7%-64.4%6.2%
VWIV39.4%22.3%69.6%22.3%29.5%
Skew 25d3.0%-23.8%11.9%-23.8%-1.6%
Skew 10d3.6%-18.8%13.7%-18.8%-4.0%
Call IV 25d28.0%18.1%45.5%45.5%31.2%
Put IV 25d31.0%21.7%35.9%21.7%29.6%
Bid-Ask Spread %79.7454.28140.5470.7763.53
Gamma HHI0.400.340.500.490.38
Net GEX-1.3K-7.2K6.0K6.0K-412
Net DEX-102.0K-218.8K-5.8K-218.8K-136.4K
Net VEX-1.2K-1.6K-671-1.6K-671
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.970.00102.000.020.00
Total Volume16.09501031031
Total OI621.143579649642580

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$27.40$30.0056.9%16.3%15.4%72.7%22.3%-23.8%-64.4%6.0K-218.8K-1.6K0.0270.77N/AN/A1012259383
2019-03-04$27.46$30.0034.0%9.7%15.4%35.1%0.0%2.2%11.3%5.6K-182.2K-1.4K0.0054.28N/AN/A00259383
2019-03-05$27.38$30.0032.1%9.2%15.3%31.9%28.7%10.9%11.9%5.8K-176.3K-1.3K0.0058.67N/AN/A01259383
2019-03-06$26.95$30.0031.9%9.1%15.6%31.6%42.8%11.9%7.5%3.9K-154.2K-1.4K0.0055.65N/AN/A02259383
2019-03-07$26.27$30.0038.5%11.0%17.8%42.5%43.3%9.3%1.2%-3.2K-66.0K-1.5K0.0077.70N/AN/A02259383
2019-03-08$26.28$30.0026.3%7.6%16.2%22.5%69.6%9.6%-2.2%-6.6K-5.8K-1.5K0.0060.35N/AN/A02259383
2019-03-11$26.68$25.0036.8%9.4%16.3%39.6%0.0%7.8%10.2%-925-86.6K-1.3K0.0087.08N/AN/A00259383
2019-03-12$26.40$25.0031.5%8.8%16.6%31.0%0.0%7.7%-0.7%-2.0K-84.5K-1.3K0.0087.37N/AN/A00259383
2019-03-13$26.59$25.0034.0%9.4%16.9%35.1%0.0%7.8%-1.2%-1.4K-86.2K-1.3K0.0087.64N/AN/A00259383
2019-03-14$26.16$25.0030.0%9.0%16.3%28.5%0.0%7.0%2.8%-4.0K-55.8K-1.3K0.0091.08N/AN/A07259383
2019-03-15$26.20$25.0032.8%9.0%16.4%33.1%29.5%9.8%0.7%-442-87.8K-1.3K1.7590.49N/AN/A47259390
2019-03-18$26.20$0.0029.2%11.3%16.3%27.2%0.0%5.3%13.7%-3.4K-90.1K-1.1K0.00140.54N/AN/A00257367
2019-03-19$26.05$0.0040.2%9.2%16.3%45.3%0.0%8.5%-12.5%1.1K-130.9K-1.2K0.00102.38N/AN/A00257367
2019-03-20$26.10$0.0050.8%9.8%15.7%62.7%0.0%-5.5%-33.8%-4.4K-33.2K-1.5K0.00106.95N/AN/A00257367
2019-03-21$26.46$0.0033.8%9.8%16.9%34.8%0.0%7.3%0.5%-2.3K-104.6K-1.1K0.0096.15N/AN/A0102257367
2019-03-22$25.76$0.0030.9%9.4%18.1%30.0%0.0%-4.7%-3.1%-4.9K-73.0K-930102.0093.98N/AN/A1102257322
2019-03-25$25.83$0.0031.7%9.7%18.3%31.3%0.0%1.2%1.9%-7.2K-64.9K-8800.0063.10N/AN/A10258322
2019-03-26$25.88$0.0030.4%10.1%18.4%29.2%0.0%-3.9%4.7%-4.5K-84.3K-8360.0063.68N/AN/A10258322
2019-03-27$26.19$0.0030.3%9.8%18.4%29.1%0.0%-1.9%4.0%-1.9K-104.8K-7470.0062.54N/AN/A10258322
2019-03-28$26.13$0.0029.4%9.8%18.4%27.6%0.0%-2.1%4.9%-1.7K-116.0K-7310.0060.60N/AN/A10258322
2019-03-29$26.32$0.0029.1%9.9%18.7%27.1%0.0%-1.6%6.2%-412-136.4K-6710.0063.53N/AN/A10258322