BHE Options History — May 2020

In May 2020, BHE traded between $18.88 and $23.46. ATM implied volatility averaged 53.3%, placing in the 32.8% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 30.8% (HV 20d: 84.1%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.24.

Notable Days

  • 2020-05-07: Highest Volume — 112 contracts
  • 2020-05-14: Largest IV spike — 77.3% change
  • 2020-05-11: Highest IV Rank — 49.6%
  • 2020-05-29: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.35$18.88$23.46$19.97$21.20
Max Pain$20.00$17.50$22.50$22.50$20.00
ATM IV53.3%26.8%74.5%69.6%72.9%
Expected Move14.1%7.7%20.9%20.0%20.9%
HV 20d84.1%67.6%96.0%96.0%67.6%
HV 60d105.3%102.9%108.6%106.6%108.6%
IV Rank32.8%11.8%49.6%45.7%48.3%
IV Percentile78.4%40.5%89.3%86.5%86.9%
Term Structure-1.9%-30.6%21.6%-30.6%-20.0%
VWIV44.3%33.3%66.8%66.8%40.8%
Skew 25d14.6%-14.8%34.8%-0.9%4.6%
Skew 10d18.3%-29.6%49.6%22.6%-29.6%
Call IV 25d45.4%30.8%89.8%68.0%56.1%
Put IV 25d60.0%39.6%81.6%67.1%60.7%
Bid-Ask Spread %109.1584.62125.55106.32113.39
Gamma HHI0.340.240.450.260.39
Net GEX5.8K-85717.1K1.6K12.3K
Net DEX-108.3K-419.9K39.3K13.8K-192.9K
Net VEX-1.6K-2.0K-1.2K-1.2K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.002.000.020.00
Total Volume18.650112670
Total OI598.6521722551565

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$19.97$22.5069.6%20.0%96.0%45.7%66.8%-0.9%-30.6%1.6K13.8K-1.2K0.02106.32N/AN/A661392159
2020-05-04$19.85$17.5050.8%13.2%95.4%30.8%33.3%19.2%-2.0%1.2K-11.2K-1.4K0.1784.62N/AN/A122451159
2020-05-05$19.46$20.0073.6%13.3%79.4%48.9%0.0%14.5%8.3%1.7K-31.4K-1.5K0.00123.69N/AN/A10461161
2020-05-06$19.38$20.0041.4%11.3%79.3%23.4%0.0%11.5%3.7%72639.3K-1.2K2.0098.06N/AN/A12461161
2020-05-07$19.37$20.0057.0%13.7%78.9%35.7%0.0%10.2%-0.7%1.1K32.1K-1.3K0.0099.15N/AN/A1120462161
2020-05-08$20.62$20.0054.5%10.6%81.9%33.8%0.0%13.1%9.4%2.5K-40.9K-1.4K0.00115.95N/AN/A00462161
2020-05-11$20.26$20.0074.5%13.3%81.8%49.6%46.8%21.3%18.6%2.1K-68.0K-1.5K0.0197.34N/AN/A1101462150
2020-05-12$19.66$20.0037.0%11.4%82.1%20.0%0.0%15.8%5.1%-857-59.2K-1.6K0.00108.01N/AN/A05572150
2020-05-13$18.88$20.0026.8%7.7%80.9%11.8%0.0%16.0%19.5%1.7K-30.1K-1.5K0.00118.06N/AN/A00572150
2020-05-14$18.91$20.0047.4%13.6%80.8%28.2%43.1%34.8%-2.5%4.9K-575-1.5K0.00110.24N/AN/A01572150
2020-05-15$18.93$20.0044.5%12.8%79.9%25.9%0.0%-14.8%-15.8%4.2K25.6K-1.3K0.00115.67N/AN/A20572150
2020-05-18$20.93$20.0043.8%12.6%87.3%25.3%0.0%16.2%-5.0%7.9K-191.4K-1.8K0.00106.07N/AN/A05415106
2020-05-19$20.59$20.0057.4%16.5%86.9%36.1%0.0%19.7%-1.3%8.3K-174.1K-1.7K0.00114.45N/AN/A00415106
2020-05-20$20.83$20.0062.3%17.9%86.2%40.0%0.0%28.2%-18.5%9.5K-153.8K-1.6K0.00108.74N/AN/A00415106
2020-05-21$20.30$20.0052.3%15.0%86.1%32.0%0.0%17.3%-6.5%7.3K-194.7K-1.8K0.00122.08N/AN/A00415106
2020-05-22$20.39$20.0055.7%16.0%86.0%34.7%0.0%17.7%-3.6%7.2K-137.0K-1.6K0.00111.80N/AN/A00415106
2020-05-26$21.66$20.0035.8%10.3%86.8%18.9%35.2%-0.9%21.6%10.8K-217.2K-1.6K0.00125.55N/AN/A440415106
2020-05-27$23.46$20.0055.3%15.8%91.2%34.4%40.8%32.7%-6.5%17.1K-419.9K-2.0K0.0090.00N/AN/A80459106
2020-05-28$22.32$20.0053.8%15.4%87.5%33.2%0.0%16.0%-11.0%13.9K-354.6K-2.0K0.00113.74N/AN/A00459106
2020-05-29$21.20$20.0072.9%20.9%67.6%48.3%0.0%4.6%-20.0%12.3K-192.9K-1.7K0.00113.39N/AN/A00459106