BHE Options History — April 2020

In April 2020, BHE traded between $18.15 and $24.22. ATM implied volatility averaged 80.1%, placing in the 54.0% IV rank vs the trailing year. The 30-day expected move averaged 22.8%. IV traded below realized volatility by 35.7% (HV 20d: 115.8%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-04-03: Highest Volume — 247 contracts
  • 2020-04-02: Largest IV drop — 40.9% change
  • 2020-04-01: Highest IV Rank — 100.0%
  • 2020-04-01: Largest Expected Move — 39.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.84$18.15$24.22$18.33$20.60
Max Pain$24.76$20.00$25.00$20.00$25.00
ATM IV80.1%54.9%138.2%138.2%65.8%
Expected Move22.8%15.7%39.6%39.6%18.9%
HV 20d115.8%75.2%159.9%148.1%95.3%
HV 60d99.6%94.1%106.5%94.1%106.5%
IV Rank54.0%34.0%100.0%100.0%42.7%
IV Percentile92.5%83.7%100.0%100.0%85.3%
Term Structure-17.3%-56.1%2.5%-56.1%2.5%
VWIV85.3%52.8%137.4%78.7%52.8%
Skew 25d23.2%-0.5%57.0%9.5%29.7%
Skew 10d33.4%-19.1%70.8%-19.1%35.7%
Call IV 25d69.1%48.2%117.8%117.8%48.2%
Put IV 25d92.3%71.8%127.3%127.3%77.9%
Bid-Ask Spread %104.5786.61121.88121.80100.99
Gamma HHI0.300.230.570.300.27
Net GEX3.7K-82114.0K1.9K839
Net DEX-79.5K-468.5K158.1K107.5K-6.1K
Net VEX-1.0K-1.5K-698-945-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.050.000.05
Total Volume35.0480247045
Total OI555.524364790563518

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$18.33$20.00138.2%39.6%148.1%100.0%0.0%9.5%-56.1%1.9K107.5K-9450.00121.80N/AN/A00351212
2020-04-02$18.67$25.0081.7%25.4%148.6%55.3%0.0%24.3%-14.1%3.5K158.1K-8210.00108.31N/AN/A00351212
2020-04-03$18.15$25.0088.2%23.4%148.5%60.4%78.7%19.4%-17.8%3.4K145.3K-8080.00112.85N/AN/A2461351211
2020-04-06$21.02$25.0085.5%21.6%159.8%58.3%0.0%26.5%-22.0%8.5K-468.5K-1.1K0.00106.85N/AN/A2430601189
2020-04-07$21.17$25.0083.5%22.2%159.9%56.7%0.0%31.5%-3.5%6.0K-146.4K-9780.00102.26N/AN/A280402189
2020-04-08$21.52$25.0070.5%20.2%158.7%46.5%0.0%18.6%-21.8%6.4K-170.6K-1.0K0.00102.45N/AN/A50430189
2020-04-09$22.09$25.0077.4%22.2%145.3%51.9%0.0%17.8%-16.4%5.8K-193.5K-9760.0096.85N/AN/A30430189
2020-04-13$21.66$25.0066.4%19.0%144.0%43.2%0.0%7.9%1.4%6.0K-204.8K-1.0K0.00106.54N/AN/A00430189
2020-04-14$21.91$25.0075.4%21.6%144.0%50.3%0.0%-0.5%-5.4%4.1K-230.0K-9180.0099.97N/AN/A00430189
2020-04-15$20.69$25.0076.3%21.9%134.1%51.0%0.0%28.8%-21.1%-524-168.2K-7810.0099.34N/AN/A00430189
2020-04-16$20.36$25.0074.3%21.3%105.3%49.4%0.0%14.7%-12.9%14.0K-104.8K-8590.0095.21N/AN/A00430189
2020-04-17$20.97$25.0092.8%26.6%84.5%64.0%0.0%31.0%-35.8%-426-184.4K-7140.0099.70N/AN/A30430189
2020-04-20$20.26$25.0090.0%25.8%84.2%61.9%92.4%57.0%-16.7%-45697.6K-6980.00103.40N/AN/A60206158
2020-04-21$19.71$25.0084.2%24.1%85.0%57.2%0.0%30.8%-17.3%-82198.6K-7420.00111.49N/AN/A1090212158
2020-04-22$20.38$25.0076.4%21.9%84.5%51.1%65.1%10.1%-1.6%797-5.4K-1.3K0.00115.03N/AN/A80321158
2020-04-23$20.99$25.0079.7%22.8%84.7%53.7%0.0%17.8%-9.1%2.2K-14.8K-1.3K0.00121.88N/AN/A150329158
2020-04-24$20.77$25.0083.5%24.0%81.9%56.7%0.0%36.6%-30.3%2.2K-25.6K-1.3K0.0095.58N/AN/A110344158
2020-04-27$21.88$25.0071.1%20.4%81.2%46.9%137.4%24.0%-27.8%4.0K-83.0K-1.5K0.00100.28N/AN/A02355158
2020-04-28$22.24$25.0066.7%19.1%75.2%43.4%0.0%31.2%-15.9%3.5K-77.0K-1.5K0.00108.61N/AN/A01355160
2020-04-29$24.22$25.0054.9%15.7%78.9%34.0%0.0%21.1%-22.3%6.9K-194.4K-1.4K0.0086.61N/AN/A100355161
2020-04-30$20.60$25.0065.8%18.9%95.3%42.7%52.8%29.7%2.5%839-6.1K-1.2K0.05100.99N/AN/A432357161