BHE Options History — July 2019

In July 2019, BHE traded between $24.67 and $27.45. ATM implied volatility averaged 30.3%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 11.4% (HV 20d: 18.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 4.65.

Notable Days

  • 2019-07-26: Highest Volume — 192 contracts
  • 2019-07-10: Largest IV spike — 44.2% change
  • 2019-07-24: Highest IV Rank — 42.2%
  • 2019-07-24: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.54$24.67$27.45$25.24$27.30
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV30.3%19.8%39.0%27.9%25.7%
Expected Move9.1%5.7%11.2%8.0%7.4%
HV 20d18.9%16.6%24.0%18.8%23.1%
HV 60d29.3%23.8%31.9%31.9%25.5%
IV Rank27.7%10.0%42.2%23.7%19.9%
IV Percentile49.2%8.7%79.8%40.5%32.5%
Term Structure-3.5%-9.0%10.4%2.3%-9.0%
VWIV41.0%18.2%81.9%34.3%81.9%
Skew 25d3.2%-16.5%13.8%-16.5%-10.4%
Skew 10d6.5%-21.4%26.1%-21.4%-13.0%
Call IV 25d31.5%21.1%42.2%41.3%32.9%
Put IV 25d34.6%18.7%44.8%24.8%22.5%
Bid-Ask Spread %78.3749.21101.8895.1355.90
Gamma HHI0.760.340.990.870.50
Net GEX40.9K-2.4K293.9K23.8K-2.3K
Net DEX-154.4K-286.4K9.0K-256.7K-130.1K
Net VEX-533-1.0K-304-657-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.650.0012.0012.000.84
Total Volume43.40901920118
Total OI262.590325289325

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$25.24$25.0027.9%8.0%18.8%23.7%0.0%-16.5%2.3%23.8K-256.7K-6570.0095.13N/AN/A0023455
2019-07-02$24.89$25.0025.9%7.4%17.9%20.3%0.0%-10.1%7.1%27.4K-207.6K-6770.00100.94N/AN/A0023455
2019-07-03$25.13$25.0022.1%6.3%17.4%14.0%0.0%-9.4%10.4%32.9K-230.5K-6290.00101.88N/AN/A0223455
2019-07-05$25.12$25.0022.7%9.8%17.5%14.9%34.3%13.0%-6.5%34.4K-222.1K-6210.0067.18N/AN/A0223457
2019-07-08$24.85$25.0023.6%9.8%18.3%16.5%0.0%13.7%-5.7%37.0K-171.7K-5850.0065.66N/AN/A0023457
2019-07-09$24.78$25.0024.4%10.3%16.6%17.8%0.0%7.4%-6.1%36.8K-151.1K-5500.0073.78N/AN/A0023457
2019-07-10$25.17$25.0035.2%10.1%17.2%35.8%35.1%13.7%-6.2%41.7K-238.0K-54512.0065.46N/AN/A11223457
2019-07-11$24.67$25.0033.1%9.5%18.8%32.3%33.4%9.2%-5.3%33.1K-145.4K-52612.0094.05N/AN/A11223562
2019-07-12$25.07$25.0035.5%10.2%19.0%36.3%35.4%9.9%-7.0%52.8K-226.0K-5152.0075.29N/AN/A2423562
2019-07-15$25.07$25.0036.3%10.4%17.8%37.7%44.2%8.8%-7.4%54.9K-216.0K-4330.0074.54N/AN/A01223662
2019-07-16$25.30$25.0037.3%10.7%17.8%39.3%43.0%13.1%-8.0%48.8K-286.4K-4410.0070.34N/AN/A01223672
2019-07-17$25.13$25.0036.0%10.3%17.3%37.2%42.2%6.8%-6.9%99.2K-257.2K-4050.0084.67N/AN/A01223672
2019-07-18$24.87$25.0037.4%10.7%17.6%39.4%43.5%6.7%-8.1%93.3K-123.4K-3623.0084.24N/AN/A41223672
2019-07-19$24.98$25.0036.6%10.5%17.6%38.2%37.8%6.4%-7.2%293.9K-164.8K-3401.4279.68N/AN/A243424072
2019-07-22$25.05$25.0038.8%11.1%17.5%41.8%46.0%6.6%-7.8%-164926-30410.6082.12N/AN/A5535238
2019-07-23$25.30$25.0038.5%11.0%17.8%41.3%47.7%13.1%-7.2%-2.3K9.0K-4016.8883.95N/AN/A8555791
2019-07-24$25.77$25.0039.0%11.2%18.5%42.2%42.3%13.8%-8.5%-1.6K-2.9K-4010.5449.21N/AN/A26146091
2019-07-25$26.61$25.0029.7%8.5%20.2%26.6%30.2%-12.5%-3.7%-2.4K-45.1K-4995.3097.31N/AN/A3015987105
2019-07-26$27.45$25.0019.8%5.7%22.2%10.0%18.2%-2.4%4.3%-325-93.3K-5184.8267.78N/AN/A3315993130
2019-07-29$26.88$25.0021.0%6.0%23.9%12.0%0.0%-3.3%3.9%-1.8K-71.9K-5150.0093.50N/AN/A43092130
2019-07-30$27.23$25.0021.1%6.1%24.0%12.3%0.0%-7.7%5.6%1.8K-166.0K-7721.0461.47N/AN/A5254135130
2019-07-31$27.30$25.0025.7%7.4%23.1%19.9%81.9%-10.4%-9.0%-2.3K-130.1K-1.0K0.8455.90N/AN/A6454142183