BHE Options History — May 2019

In May 2019, BHE traded between $22.02 and $27.16. ATM implied volatility averaged 31.5%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 7.3% (HV 20d: 38.8%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2019-05-23: Highest Volume — 132 contracts
  • 2019-05-15: Largest IV drop — 42.4% change
  • 2019-05-13: Highest IV Rank — 54.8%
  • 2019-05-31: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.87$22.02$27.16$27.12$22.02
Max Pain$23.98$22.50$25.00$25.00$25.00
ATM IV31.5%20.2%46.0%41.2%41.3%
Expected Move8.2%5.8%11.8%11.8%11.8%
HV 20d38.8%26.7%44.9%41.4%27.3%
HV 60d29.8%27.8%31.4%27.8%31.4%
IV Rank31.0%12.5%54.8%47.0%47.1%
IV Percentile57.5%17.5%92.9%86.9%86.5%
Term Structure-1.3%-36.6%3.8%-36.6%-10.8%
VWIV31.7%20.2%62.0%62.0%30.4%
Skew 25d4.3%-8.0%16.5%-7.0%7.8%
Skew 10d3.9%-11.1%24.6%4.3%3.4%
Call IV 25d26.2%14.5%38.4%28.5%34.3%
Put IV 25d30.5%20.8%42.3%21.5%42.1%
Bid-Ask Spread %90.4861.22107.36107.3690.93
Gamma HHI0.620.440.820.480.73
Net GEX8.6K3.9K16.6K7.2K9.1K
Net DEX-94.6K-169.3K-4.3K-169.3K-4.3K
Net VEX-640-1.1K-430-430-697
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.002.802.600.83
Total Volume40.40901323611
Total OI271190382190382

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$27.12$25.0041.2%11.8%41.4%47.0%62.0%-7.0%-36.6%7.2K-169.3K-4302.60107.36N/AN/A102615634
2019-05-02$26.56$25.0024.3%7.0%41.9%19.2%21.4%0.2%3.5%5.7K-131.1K-5022.80100.45N/AN/A102815662
2019-05-03$27.16$25.0020.2%5.8%42.2%12.5%22.8%-8.0%3.8%5.1K-152.9K-4692.00103.68N/AN/A142815662
2019-05-06$27.15$22.5027.3%7.6%41.6%24.0%0.0%5.1%-0.5%5.4K-155.0K-4610.0086.45N/AN/A0015662
2019-05-07$26.62$22.5032.4%8.0%41.9%32.4%0.0%14.3%0.3%5.3K-130.0K-5060.0087.06N/AN/A0015662
2019-05-08$26.44$22.5038.0%8.0%41.9%41.7%0.0%12.4%0.8%5.1K-132.7K-4960.0096.35N/AN/A4015662
2019-05-09$26.30$22.5033.6%8.2%41.1%34.4%0.0%6.9%1.5%5.2K-117.8K-5310.2599.97N/AN/A4116062
2019-05-10$26.05$22.5033.7%7.5%41.0%34.6%0.0%2.0%2.2%5.2K-115.5K-5200.0099.66N/AN/A0016062
2019-05-13$24.62$22.5046.0%8.2%44.2%54.8%0.0%7.3%2.0%3.9K-48.8K-5002.0098.88N/AN/A71415662
2019-05-14$24.94$22.5042.7%7.7%44.8%49.3%50.0%14.4%0.6%4.6K-49.5K-5481.18101.66N/AN/A495815968
2019-05-15$25.13$22.5024.6%7.0%44.5%19.6%0.0%6.0%1.5%4.5K-51.2K-5040.00101.85N/AN/A2015368
2019-05-16$24.85$22.5025.1%7.2%44.4%20.5%25.1%-3.6%2.4%4.2K-44.5K-5060.06103.25N/AN/A86515568
2019-05-17$24.23$25.0025.2%7.2%44.8%20.6%24.2%1.7%1.9%11.6K-74.2K-7430.16100.34N/AN/A881423973
2019-05-20$24.09$25.0025.3%7.3%44.8%20.9%0.0%1.0%0.5%10.9K-61.7K-6951.0064.79N/AN/A1119562
2019-05-21$24.32$25.0023.6%6.8%44.9%18.1%20.2%1.4%2.1%13.0K-92.8K-7250.0961.22N/AN/A11119663
2019-05-22$24.09$25.0024.1%6.9%43.8%18.8%25.3%2.8%3.3%12.1K-94.2K-7330.0268.03N/AN/A127220663
2019-05-23$23.41$25.0032.5%9.3%28.1%32.7%35.8%-4.7%1.5%14.3K-156.6K-1.1K0.0491.85N/AN/A127530664
2019-05-24$23.31$25.0033.3%9.5%27.2%33.9%30.4%2.9%-3.1%16.6K-136.2K-1.0K0.0491.33N/AN/A127530666
2019-05-28$23.10$25.0031.6%9.1%27.2%31.1%0.0%16.5%-1.1%14.4K-66.1K-8370.0076.29N/AN/A6030666
2019-05-29$22.88$25.0031.9%9.2%27.2%31.7%0.0%16.1%-1.1%12.9K-45.2K-8070.0065.78N/AN/A6031266
2019-05-30$22.66$25.0035.4%10.1%26.7%37.4%0.0%-0.2%-3.4%12.2K-51.9K-7860.8393.38N/AN/A6531266
2019-05-31$22.02$25.0041.3%11.8%27.3%47.1%0.0%7.8%-10.8%9.1K-4.3K-6970.8390.93N/AN/A6531270