BHE Options History — April 2019

In April 2019, BHE traded between $26.95 and $30.00. ATM implied volatility averaged 29.8%, placing in the 28.2% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 7.1% (HV 20d: 22.6%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2019-04-26: Highest Volume — 84 contracts
  • 2019-04-03: Largest IV spike — 69.7% change
  • 2019-04-22: Highest IV Rank — 40.5%
  • 2019-04-22: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.41$26.95$30.00$26.96$26.96
Max Pain$28.64$25.00$30.00$30.00$25.00
ATM IV29.8%20.5%37.3%23.1%27.8%
Expected Move9.1%5.9%10.7%10.1%8.0%
HV 20d22.6%14.3%42.1%20.9%41.4%
HV 60d21.4%17.4%28.1%23.7%27.9%
IV Rank28.2%12.9%40.5%17.3%24.9%
IV Percentile52.7%18.3%78.2%30.6%46.8%
Term Structure-1.9%-8.1%11.9%10.6%2.2%
VWIV30.3%21.8%37.7%32.7%24.1%
Skew 25d2.4%-8.8%15.3%-6.0%2.2%
Skew 10d4.4%-11.2%24.7%-7.6%5.0%
Call IV 25d31.6%21.8%39.6%28.9%27.9%
Put IV 25d34.0%18.4%45.4%23.0%30.1%
Bid-Ask Spread %83.9163.15100.0965.40100.09
Gamma HHI0.650.370.910.590.51
Net GEX19.5K3.6K68.2K4.5K6.8K
Net DEX-245.9K-427.9K-81.6K-178.9K-153.6K
Net VEX-515-645-396-505-472
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.001.500.000.00
Total Volume15.333084010
Total OI445.524107594577190

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$26.96$0.0023.1%10.1%20.9%17.3%0.0%-6.0%10.6%4.5K-178.9K-5050.0065.40N/AN/A00255322
2019-04-02$26.95$0.0020.6%10.2%20.9%13.1%0.0%-8.8%11.9%3.6K-178.1K-4610.0063.15N/AN/A00255322
2019-04-03$27.24$0.0034.9%9.8%20.4%36.6%0.0%-0.1%5.7%9.8K-203.9K-6450.0097.90N/AN/A00255322
2019-04-04$27.72$0.0030.1%7.8%18.8%28.8%0.0%4.8%-5.4%14.5K-227.6K-5740.0091.55N/AN/A00255322
2019-04-05$28.22$0.0021.7%8.6%19.5%14.9%0.0%5.0%-4.3%19.6K-257.3K-5180.0071.25N/AN/A00255322
2019-04-08$28.48$0.0022.7%8.8%19.2%16.5%0.0%5.3%-4.0%23.7K-270.5K-5220.0076.09N/AN/A00255322
2019-04-09$28.35$0.0030.9%8.8%18.7%30.0%0.0%5.1%-4.3%22.3K-289.4K-5660.0081.72N/AN/A00255322
2019-04-10$28.85$0.0030.6%8.8%19.3%29.5%0.0%5.3%-5.0%31.1K-315.6K-5230.0080.51N/AN/A100255322
2019-04-11$28.97$0.0031.0%8.9%17.8%30.1%0.0%7.1%-5.2%34.6K-296.4K-5370.0072.77N/AN/A150265322
2019-04-12$29.35$0.0032.7%9.4%17.9%32.9%32.7%-0.1%-3.9%37.4K-393.3K-6230.0697.37N/AN/A161270322
2019-04-15$29.32$30.0032.7%9.4%18.0%32.9%0.0%6.4%-6.9%51.2K-308.9K-5090.0072.16N/AN/A00271323
2019-04-16$29.69$30.0033.7%9.7%17.6%34.6%0.0%4.7%-5.5%49.0K-427.9K-5510.0096.40N/AN/A00271323
2019-04-17$29.70$30.0033.5%9.6%17.7%34.3%0.0%4.7%-5.6%68.2K-410.0K-5360.0095.59N/AN/A00271323
2019-04-18$29.47$30.0033.6%9.6%18.1%34.4%0.0%1.9%-5.8%4.5K-248.8K-4390.0098.48N/AN/A00271323
2019-04-22$29.28$30.0037.3%10.7%14.4%40.5%37.7%7.6%0.6%4.4K-191.9K-3961.2874.40N/AN/A25321043
2019-04-23$29.51$30.0036.9%10.6%14.3%39.9%37.7%7.7%-8.1%4.2K-193.3K-5371.5086.15N/AN/A2312935
2019-04-24$30.00$30.0035.7%10.2%14.6%37.9%34.2%15.3%-7.2%4.5K-219.3K-5261.0664.60N/AN/A181913136
2019-04-25$27.05$30.0034.5%9.9%41.9%36.0%30.8%-6.2%-8.0%4.5K-81.6K-4711.4187.11N/AN/A324513945
2019-04-26$27.37$25.0020.5%5.9%42.0%12.9%21.8%-3.4%5.2%5.7K-158.3K-4461.1598.34N/AN/A394514934
2019-04-29$27.20$25.0020.8%6.0%42.1%13.4%23.6%-7.2%4.0%6.0K-158.9K-4510.0090.98N/AN/A10015634
2019-04-30$26.96$25.0027.8%8.0%41.4%24.9%24.1%2.2%2.2%6.8K-153.6K-4720.00100.09N/AN/A10015634