BHE Options History — July 2020

In July 2020, BHE traded between $19.64 and $20.90. ATM implied volatility averaged 73.6%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 21.0%. IV traded above realized volatility by 28.1% (HV 20d: 45.4%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.21.

Notable Days

  • 2020-07-15: Highest Volume — 121 contracts
  • 2020-07-10: Largest IV spike — 409.1% change
  • 2020-07-07: Highest IV Rank — 78.6%
  • 2020-07-13: Largest Expected Move — 43.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.26$19.64$20.90$20.22$20.30
Max Pain$23.18$20.00$25.00$22.50$20.00
ATM IV73.6%21.5%111.2%89.7%48.3%
Expected Move21.0%13.8%43.7%25.7%13.8%
HV 20d45.4%40.3%50.0%50.0%43.5%
HV 60d63.2%53.7%67.1%66.5%54.7%
IV Rank48.9%7.6%78.6%61.6%28.9%
IV Percentile79.1%20.2%98.4%94.8%60.3%
Term Structure-15.0%-85.3%52.9%-47.0%6.7%
VWIV58.0%45.5%88.7%88.7%50.0%
Skew 25d21.8%-48.1%113.3%2.4%15.4%
Skew 10d23.0%-43.6%82.0%-21.3%19.1%
Call IV 25d59.6%32.6%95.6%50.0%38.5%
Put IV 25d81.4%45.3%165.7%52.4%53.9%
Bid-Ask Spread %120.9563.65162.96129.9779.69
Gamma HHI0.390.320.470.390.47
Net GEX8.3K4.6K11.7K11.3K11.7K
Net DEX-176.3K-258.0K-98.8K-168.7K-187.9K
Net VEX-2.03B-44.70B-977-1.2K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.002.000.260.00
Total Volume17.182012100
Total OI507.273335594574475

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$20.22$22.5089.7%25.7%50.0%61.6%0.0%2.4%-47.0%11.3K-168.7K-1.2K0.00129.97N/AN/A00471103
2020-07-02$20.49$22.50111.2%31.9%50.0%78.6%0.0%-48.1%-85.3%9.7K-248.9K-1.5K0.00121.84N/AN/A00471103
2020-07-06$20.89$25.0080.5%16.9%49.0%54.4%88.7%0.8%52.9%10.8K-250.0K-1.4K0.26117.84N/AN/A8522471103
2020-07-07$19.86$25.00111.2%17.5%49.2%78.6%0.0%17.3%-2.5%8.5K-133.0K-1.2K0.00104.45N/AN/A00481103
2020-07-08$19.75$25.0073.8%22.6%49.1%49.0%0.0%22.3%9.8%6.3K-132.6K-1.2K0.00106.73N/AN/A100481103
2020-07-09$19.69$25.0021.5%23.7%44.4%7.6%0.0%7.5%-31.4%10.1K-246.8K-1.4K0.00103.70N/AN/A00491103
2020-07-10$19.64$25.00109.3%19.1%40.3%77.1%0.0%48.6%-7.2%4.6K-98.8K-44.70B0.00134.85N/AN/A00491103
2020-07-13$20.00$25.0091.5%43.7%41.0%63.0%0.0%88.4%-70.5%8.9K-165.4K-1.2K0.00161.12N/AN/A0049194
2020-07-14$19.70$25.0090.2%19.2%41.1%62.0%0.0%16.7%-21.4%5.8K-102.0K-9770.00126.40N/AN/A0049194
2020-07-15$20.88$25.0080.8%23.2%45.1%54.6%62.6%25.2%7.1%8.8K-202.6K-1.2K0.22122.14N/AN/A992249194
2020-07-16$20.66$22.5087.0%24.9%45.1%59.5%0.0%30.0%-29.2%5.8K-142.9K-1.1K0.00118.79N/AN/A0049694
2020-07-17$20.60$22.5070.5%20.2%43.9%46.4%0.0%0.9%6.7%6.1K-123.1K-1.1K0.00147.41N/AN/A1049694
2020-07-20$20.36$22.5051.5%14.8%44.1%31.4%0.0%14.4%-6.9%5.5K-159.5K-1.1K2.00155.98N/AN/A2426471
2020-07-21$20.48$22.5082.2%23.6%43.9%55.6%49.9%19.4%-34.5%5.8K-150.9K-1.1K0.00154.16N/AN/A5026676
2020-07-22$20.11$22.5060.7%17.4%44.2%38.7%0.0%20.2%-13.9%5.0K-147.5K-1.1K0.00162.96N/AN/A60027176
2020-07-23$20.45$22.5054.0%15.5%43.5%33.4%0.0%-6.7%-27.1%7.8K-193.1K-1.2K0.00158.66N/AN/A25033176
2020-07-24$19.79$22.5058.7%16.8%45.0%37.1%0.0%113.3%2.9%6.9K-201.8K-1.3K0.00126.54N/AN/A0035676
2020-07-27$20.64$22.5068.3%19.6%47.5%44.7%45.5%16.2%-24.2%10.1K-200.7K-1.2K0.0090.95N/AN/A21035776
2020-07-28$20.13$22.5066.9%19.2%47.5%43.6%55.7%33.1%-8.8%10.0K-192.1K-1.2K0.0077.40N/AN/A7037876
2020-07-29$20.90$22.5061.7%17.7%48.5%39.4%53.5%23.6%-3.8%11.5K-258.0K-1.3K0.0063.65N/AN/A12037976
2020-07-30$20.11$20.0049.3%14.1%43.6%29.7%50.0%18.9%-1.8%10.9K-172.4K-1.1K0.0095.75N/AN/A3039176
2020-07-31$20.30$20.0048.3%13.8%43.5%28.9%0.0%15.4%6.7%11.7K-187.9K-1.2K0.0079.69N/AN/A0039976