BHE Options History — June 2019

In June 2019, BHE traded between $22.40 and $24.97. ATM implied volatility averaged 30.7%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 5.0% (HV 20d: 25.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.93.

Notable Days

2019-06-21: Highest Volume — 27 contracts
2019-06-11: Largest IV spike — 30.6% change
2019-06-11: Highest IV Rank — 44.8%
2019-06-12: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.76	$22.40	$24.97	$22.40	$24.97
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	30.7%	25.2%	40.6%	33.2%	27.7%
Expected Move	8.4%	7.2%	9.6%	9.5%	7.9%
HV 20d	25.7%	19.2%	32.1%	26.5%	19.2%
HV 60d	32.1%	31.3%	32.5%	31.3%	32.1%
IV Rank	28.6%	19.2%	44.8%	33.8%	23.2%
IV Percentile	51.2%	30.2%	84.5%	63.1%	39.7%
Term Structure	2.9%	-3.2%	34.9%	-3.2%	5.2%
VWIV	29.5%	25.6%	34.0%	29.1%	25.6%
Skew 25d	3.0%	-6.2%	15.9%	13.1%	-4.3%
Skew 10d	1.6%	-10.0%	26.9%	21.1%	-6.8%
Call IV 25d	28.3%	21.5%	31.9%	25.6%	31.1%
Put IV 25d	31.3%	24.7%	38.7%	38.7%	26.9%
Bid-Ask Spread %	92.00	65.66	108.61	67.92	105.59
Gamma HHI	0.81	0.71	0.90	0.71	0.87
Net GEX	18.2K	8.5K	32.2K	8.5K	22.5K
Net DEX	-90.8K	-185.0K	13.9K	13.9K	-185.0K
Net VEX	-683	-802	-593	-611	-658
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.17	1.27	1.00	0.17
Total Volume	8.15	0	27	0	14
Total OI	358.15	268	394	382	277

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2019-06-03	$22.40	$25.00	33.2%	9.5%	26.5%	33.8%	0.0%	13.1%	-3.2%	8.5K	13.9K	-611	0.00	67.92	N/A	N/A	0	0	312	70
2019-06-04	$23.07	$25.00	31.1%	8.9%	29.8%	30.3%	0.0%	8.6%	0.4%	13.0K	-35.7K	-726	0.00	65.66	N/A	N/A	0	0	312	70
2019-06-05	$22.87	$25.00	31.3%	9.0%	29.5%	30.7%	0.0%	15.9%	-1.0%	11.5K	-18.6K	-672	0.00	67.44	N/A	N/A	0	0	312	70
2019-06-06	$22.93	$25.00	38.5%	8.9%	29.7%	42.4%	0.0%	-1.9%	0.6%	12.6K	-32.7K	-688	0.00	101.86	N/A	N/A	0	0	312	70
2019-06-07	$23.06	$25.00	38.4%	8.6%	30.1%	41.2%	29.1%	-1.6%	-0.0%	13.6K	-38.9K	-713	0.00	100.80	N/A	N/A	0	4	312	70
2019-06-10	$23.65	$25.00	31.1%	8.7%	32.1%	28.9%	30.2%	4.5%	-0.0%	19.3K	-90.1K	-779	0.00	77.77	N/A	N/A	0	2	312	72
2019-06-11	$23.67	$25.00	40.6%	8.5%	25.7%	44.8%	34.0%	4.1%	6.6%	20.4K	-129.8K	-802	1.00	105.86	N/A	N/A	4	4	312	74
2019-06-12	$23.52	$25.00	33.6%	9.6%	25.1%	33.1%	33.9%	4.3%	-2.3%	16.4K	-79.6K	-758	1.00	108.61	N/A	N/A	4	4	316	74
2019-06-13	$23.86	$25.00	30.4%	8.7%	25.6%	27.8%	28.2%	0.8%	-2.6%	21.2K	-109.2K	-766	1.00	103.19	N/A	N/A	4	4	316	74
2019-06-14	$23.49	$25.00	31.3%	9.0%	25.8%	29.2%	29.1%	4.2%	-2.5%	17.6K	-68.6K	-703	1.00	103.12	N/A	N/A	4	4	316	74
2019-06-17	$23.46	$25.00	31.4%	9.0%	24.4%	29.5%	0.0%	6.7%	-0.7%	13.9K	-50.4K	-621	0.00	85.34	N/A	N/A	0	0	316	74
2019-06-18	$23.90	$25.00	28.9%	8.3%	25.4%	25.3%	28.3%	-2.5%	-1.5%	20.3K	-88.7K	-645	1.27	88.14	N/A	N/A	11	14	316	74
2019-06-19	$24.14	$25.00	30.1%	8.6%	25.4%	27.3%	30.7%	4.4%	-0.5%	25.6K	-163.2K	-742	1.27	104.89	N/A	N/A	11	14	316	78
2019-06-20	$24.29	$25.00	26.0%	7.5%	25.3%	20.5%	26.1%	3.2%	2.1%	32.2K	-168.3K	-705	1.27	92.49	N/A	N/A	11	14	316	78
2019-06-21	$24.23	$25.00	26.0%	7.5%	22.9%	20.4%	25.6%	0.1%	2.6%	17.4K	-99.7K	-629	1.08	100.71	N/A	N/A	13	14	316	78
2019-06-24	$24.26	$25.00	26.2%	7.5%	22.8%	20.8%	0.0%	0.5%	34.9%	17.4K	-90.9K	-598	0.00	83.64	N/A	N/A	0	0	215	53
2019-06-25	$24.16	$25.00	25.3%	7.3%	22.5%	19.3%	0.0%	5.7%	7.0%	16.2K	-87.7K	-593	0.00	86.87	N/A	N/A	0	0	215	53
2019-06-26	$24.69	$25.00	25.2%	7.2%	23.1%	19.2%	0.0%	0.5%	7.7%	22.3K	-138.2K	-625	0.00	88.12	N/A	N/A	0	0	215	53
2019-06-27	$24.64	$25.00	27.8%	8.0%	22.6%	23.4%	0.0%	-6.2%	4.9%	20.9K	-155.2K	-624	0.29	102.08	N/A	N/A	7	2	215	55
2019-06-28	$24.97	$25.00	27.7%	7.9%	19.2%	23.2%	0.0%	-4.3%	5.2%	22.5K	-185.0K	-658	0.17	105.59	N/A	N/A	12	2	222	55