BHE Options History — August 2019

In August 2019, BHE traded between $25.59 and $27.13. ATM implied volatility averaged 32.7%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 4.3% (HV 20d: 28.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2019-08-01: Highest Volume — 320 contracts
  • 2019-08-12: Largest IV spike — 47.5% change
  • 2019-08-13: Highest IV Rank — 64.1%
  • 2019-08-30: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.36$25.59$27.13$27.08$26.45
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV32.7%24.9%52.1%24.9%33.9%
Expected Move8.7%7.2%9.7%7.2%9.7%
HV 20d28.4%23.4%31.9%23.4%29.3%
HV 60d24.5%23.2%25.9%25.2%24.4%
IV Rank31.7%18.7%64.1%18.7%33.6%
IV Percentile52.8%27.8%96.4%27.8%63.1%
Term Structure-1.4%-18.0%7.1%-7.0%-18.0%
VWIV31.9%29.0%36.6%29.0%30.4%
Skew 25d5.4%-10.7%15.1%-10.7%-9.9%
Skew 10d9.3%-11.7%23.9%-11.7%-10.3%
Call IV 25d25.6%16.3%40.4%32.1%31.2%
Put IV 25d31.0%21.3%37.4%21.5%21.3%
Bid-Ask Spread %68.6049.32105.0463.8992.86
Gamma HHI0.580.470.840.500.79
Net GEX3.9K-10.7K14.6K-2.2K11.8K
Net DEX-133.3K-264.8K-35.3K-124.5K-247.2K
Net VEX-1.3K-1.5K-1.0K-1.0K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.005.670.200.00
Total Volume23.22703203200
Total OI508.227332551332512

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$27.08$25.0024.9%7.2%23.4%18.7%29.0%-10.7%-7.0%-2.2K-124.5K-1.0K0.2063.89N/AN/A26654149183
2019-08-02$26.37$25.0031.4%9.0%25.7%29.5%36.6%-2.9%0.9%6.0K-117.4K-1.5K0.0068.94N/AN/A02349183
2019-08-05$25.97$25.0041.4%9.2%26.1%46.3%0.0%5.3%0.5%246-53.5K-1.3K5.6779.77N/AN/A317349181
2019-08-06$25.74$25.0034.5%8.7%26.3%34.7%0.0%12.4%-2.6%-4.4K-35.3K-1.3K0.0058.56N/AN/A100349190
2019-08-07$26.16$25.0032.4%8.8%26.4%31.1%0.0%14.4%0.5%-1.6K-98.5K-1.4K0.0065.97N/AN/A00344190
2019-08-08$26.80$25.0033.1%8.7%26.2%32.4%0.0%5.1%-2.5%6.4K-166.2K-1.4K0.0059.65N/AN/A120344190
2019-08-09$26.35$25.0030.8%8.3%26.8%28.5%0.0%10.6%2.1%558-100.9K-1.2K0.0064.97N/AN/A020336190
2019-08-12$26.22$25.0045.5%9.1%26.9%53.0%0.0%13.8%-1.8%355-109.6K-1.3K0.0078.09N/AN/A00336210
2019-08-13$26.45$25.0052.1%8.5%26.9%64.1%0.0%12.6%-0.3%2.3K-123.3K-1.3K0.0087.42N/AN/A00336210
2019-08-14$25.81$25.0031.6%9.0%28.4%29.7%31.6%9.4%-4.3%-7.5K-63.1K-1.2K0.0086.34N/AN/A03336210
2019-08-15$25.59$25.0030.4%8.7%28.3%27.8%30.4%3.0%1.4%-10.7K-41.5K-1.2K0.0081.24N/AN/A40336213
2019-08-16$26.57$25.0030.4%8.7%31.0%27.9%0.0%7.5%0.5%8.0K-156.5K-1.1K1.67105.04N/AN/A35338213
2019-08-19$26.79$25.0031.0%8.9%31.1%28.9%0.0%11.2%-2.8%10.0K-147.2K-1.2K0.0057.06N/AN/A00319133
2019-08-20$26.48$25.0027.2%7.8%31.4%22.5%0.0%15.1%5.3%8.7K-120.8K-1.2K0.0051.27N/AN/A00319133
2019-08-21$27.13$25.0025.7%7.4%31.9%19.9%0.0%5.8%7.1%12.2K-163.6K-1.1K0.0053.79N/AN/A1000319133
2019-08-22$27.10$25.0031.8%9.1%29.9%30.1%0.0%8.8%-6.1%14.6K-264.8K-1.5K0.0049.32N/AN/A00371133
2019-08-23$26.15$25.0031.5%9.0%30.4%29.6%0.0%9.7%-1.3%7.7K-164.2K-1.4K0.0061.01N/AN/A00371133
2019-08-26$26.13$25.0030.3%8.7%29.6%27.6%0.0%1.2%-1.0%5.3K-153.2K-1.3K0.0057.85N/AN/A120371133
2019-08-27$25.88$25.0030.8%8.8%29.2%28.5%0.0%1.1%-1.0%3.8K-134.4K-1.3K0.0058.46N/AN/A00379133
2019-08-28$26.08$25.0030.8%8.8%29.4%28.4%0.0%-4.3%-1.6%4.7K-145.2K-1.3K0.0057.39N/AN/A00379133
2019-08-29$26.70$25.0028.7%8.2%30.7%24.9%0.0%-0.9%1.3%8.5K-202.3K-1.3K0.0070.34N/AN/A00379133
2019-08-30$26.45$25.0033.9%9.7%29.3%33.6%0.0%-9.9%-18.0%11.8K-247.2K-1.4K0.0092.86N/AN/A00379133