BHE Options History — February 2020

In February 2020, BHE traded between $26.34 and $30.97. ATM implied volatility averaged 36.0%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 23.2% (HV 20d: 59.2%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.80.

Notable Days

  • 2020-02-11: Highest Volume — 54 contracts
  • 2020-02-28: Largest IV spike — 87.6% change
  • 2020-02-28: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 21.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.14$26.34$30.97$30.19$26.71
Max Pain$27.11$25.00$35.00$35.00$25.00
ATM IV36.0%19.9%75.1%46.3%75.1%
Expected Move9.9%5.7%21.5%13.3%21.5%
HV 20d59.2%42.0%65.1%42.0%58.3%
HV 60d39.6%30.3%42.9%30.3%41.7%
IV Rank50.8%17.8%100.0%72.9%100.0%
IV Percentile64.3%11.5%100.0%97.2%100.0%
Term Structure-6.7%-40.2%3.5%-9.7%-40.2%
VWIV34.5%25.8%40.1%38.0%31.9%
Skew 25d8.5%-20.2%24.7%24.7%16.2%
Skew 10d6.7%-43.1%39.4%39.4%-43.1%
Call IV 25d30.2%14.2%51.5%31.8%51.5%
Put IV 25d38.7%25.5%67.7%56.5%67.7%
Bid-Ask Spread %90.5472.13122.2678.41122.26
Gamma HHI0.370.280.470.400.36
Net GEX-1.5K-7.7K3.5K-1.4K2.6K
Net DEX107.5K-31.7K359.8K203.0K998
Net VEX-837-1.1K-556-986-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.008.500.000.00
Total Volume18.57925422
Total OI426.316285495447341

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$30.19$35.0046.3%13.3%42.0%72.9%0.0%24.7%-9.7%-1.4K203.0K-9860.0078.41N/AN/A20244203
2020-02-04$30.97$35.0048.8%14.0%43.5%78.1%38.0%14.8%-12.2%2.3K129.2K-1.1K0.6072.13N/AN/A53246203
2020-02-05$30.91$35.0049.2%14.1%43.5%79.0%40.1%15.1%-12.4%1.5K137.1K-1.1K8.5078.94N/AN/A217241206
2020-02-06$30.49$30.0045.9%10.9%42.7%75.6%34.5%8.0%-3.1%-1.0K178.2K-9201.1880.98N/AN/A1113241209
2020-02-07$26.70$30.0035.7%8.7%61.8%52.8%29.2%9.2%3.5%-7.7K359.8K-5641.3394.67N/AN/A2128244234
2020-02-10$26.34$25.0034.6%10.7%61.6%50.5%0.0%22.8%-8.6%-7.2K186.1K-5560.4491.40N/AN/A2712250172
2020-02-11$27.51$25.0036.4%6.5%63.4%54.4%37.5%7.6%-2.8%-3.4K134.0K-6481.2593.62N/AN/A2430267175
2020-02-12$28.34$25.0023.7%6.8%64.9%26.4%33.2%7.4%-0.3%-3.7K105.1K-8100.0092.44N/AN/A022278201
2020-02-13$28.54$25.0022.9%6.6%65.1%24.5%39.1%7.5%0.1%-3.3K102.6K-7960.0093.41N/AN/A40278203
2020-02-14$27.76$25.0020.6%5.9%63.9%19.6%0.0%4.0%-1.3%-3.8K134.4K-7890.0085.10N/AN/A02280203
2020-02-18$27.65$25.0021.6%6.2%63.7%21.6%25.8%4.7%2.0%-4.4K109.9K-7950.3288.65N/AN/A258280193
2020-02-19$27.91$25.0020.2%5.8%64.1%18.6%0.0%2.6%-0.5%-1.3K70.6K-7630.0090.58N/AN/A100304187
2020-02-20$28.09$25.0022.0%6.3%64.0%22.4%0.0%4.8%-1.2%-22054.0K-7570.0091.54N/AN/A20306187
2020-02-21$27.63$25.0019.9%5.7%63.6%17.8%0.0%2.9%3.0%-58070.5K-7870.0090.60N/AN/A30308187
2020-02-24$26.73$25.0035.8%10.3%63.8%53.1%35.4%3.3%-2.4%-1.6K66.7K-7400.0080.40N/AN/A30163122
2020-02-25$27.11$25.0056.1%16.1%64.4%98.2%0.0%20.7%-25.3%831.0K-8380.0092.69N/AN/A340166122
2020-02-26$27.59$25.0028.2%8.1%65.0%36.4%31.9%5.5%-4.8%1.8K925-9030.0387.61N/AN/A301192122
2020-02-27$27.53$25.0040.1%11.5%65.0%62.6%0.0%-20.2%-10.7%3.5K-31.7K-1.1K0.00114.77N/AN/A120220122
2020-02-28$26.71$25.0075.1%21.5%58.3%100.0%0.0%16.2%-40.2%2.6K998-1.0K0.00122.26N/AN/A20220121