BHE Options History — August 2020

In August 2020, BHE traded between $19.77 and $21.55. ATM implied volatility averaged 44.0%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 7.5% (HV 20d: 36.5%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.72.

Notable Days

  • 2020-08-04: Highest Volume — 153 contracts
  • 2020-08-18: Largest IV spike — 111.5% change
  • 2020-08-11: Highest IV Rank — 43.5%
  • 2020-08-05: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.61$19.77$21.55$20.84$19.77
Max Pain$21.55$20.00$22.50$20.00$20.00
ATM IV44.0%25.7%66.8%41.8%26.8%
Expected Move12.2%7.4%18.9%12.0%7.7%
HV 20d36.5%28.6%44.0%44.0%29.7%
HV 60d47.7%41.2%54.9%54.9%41.2%
IV Rank25.4%11.0%43.5%23.7%11.9%
IV Percentile54.0%31.7%75.4%56.7%33.7%
Term Structure5.5%-21.4%29.3%0.4%25.7%
VWIV36.8%26.7%51.2%41.2%26.7%
Skew 25d11.8%-11.0%47.3%6.7%3.7%
Skew 10d13.1%-22.4%44.4%15.7%4.5%
Call IV 25d34.7%22.0%50.6%38.5%25.7%
Put IV 25d46.4%29.3%69.3%45.2%29.3%
Bid-Ask Spread %94.7163.94113.9167.2487.53
Gamma HHI0.390.340.530.530.42
Net GEX6.6K-6.1K15.0K15.0K-6.1K
Net DEX-101.1K-200.3K25.1K-192.2K-24.0K
Net VEX-1.2K-1.6K-1.0K-1.1K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.720.0024.5024.500.00
Total Volume14.4290153042
Total OI597.333477626477625

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$20.84$20.0041.8%12.0%44.0%23.7%0.0%6.7%0.4%15.0K-192.2K-1.1K0.0067.24N/AN/A0039978
2020-08-04$20.85$20.0046.0%13.2%39.8%27.0%0.0%3.6%0.6%14.8K-200.3K-1.1K24.5063.94N/AN/A614739978
2020-08-05$20.95$20.0066.0%18.9%39.7%42.9%0.0%-4.6%-21.4%9.7K-151.1K-1.6K0.00103.42N/AN/A00405201
2020-08-06$20.71$22.5046.9%13.4%39.9%27.7%0.0%4.0%1.4%8.5K-136.6K-1.5K0.00101.55N/AN/A00405201
2020-08-07$21.02$22.5047.9%12.6%40.1%28.5%41.2%7.0%2.2%9.2K-132.8K-1.4K0.1085.88N/AN/A101405201
2020-08-10$21.21$22.5045.2%13.5%39.8%26.4%0.0%8.3%-1.0%11.1K-158.0K-1.4K0.0081.48N/AN/A40410201
2020-08-11$21.15$22.5066.8%10.5%39.3%43.5%0.0%15.4%24.0%9.4K-145.6K-1.3K0.00102.01N/AN/A00410201
2020-08-12$21.48$22.5045.5%13.0%34.0%26.6%0.0%22.1%-0.0%12.5K-192.4K-1.3K0.0098.56N/AN/A30410201
2020-08-13$21.24$22.5045.0%12.9%34.0%26.3%0.0%7.8%-0.8%11.2K-154.5K-1.3K0.0087.86N/AN/A05411201
2020-08-14$21.05$22.5041.1%11.8%34.2%23.2%0.0%10.5%3.8%8.9K-126.8K-1.3K0.2084.26N/AN/A51411206
2020-08-17$21.55$22.5026.6%7.6%34.7%11.7%0.0%31.9%9.4%13.7K-187.4K-1.3K0.0098.45N/AN/A10416208
2020-08-18$20.41$22.5056.4%16.2%40.2%35.2%0.0%47.3%-1.7%7.4K-75.5K-1.2K1.00106.60N/AN/A11417208
2020-08-19$20.40$22.5044.5%12.8%39.6%25.9%28.2%13.1%3.3%5.3K-53.3K-1.2K0.00105.07N/AN/A60418208
2020-08-20$20.05$22.5041.7%12.0%39.6%23.6%0.0%33.6%11.2%4.5K-41.2K-1.2K0.00105.67N/AN/A10414208
2020-08-21$19.78$22.5041.3%11.9%38.1%23.4%0.0%27.6%1.7%1.1K25.1K-1.0K0.00104.79N/AN/A00415208
2020-08-24$20.15$22.5061.1%17.5%35.5%38.9%51.2%9.1%-10.3%4.5K-53.2K-1.1K0.00103.49N/AN/A20355206
2020-08-25$20.10$20.0034.7%9.9%34.4%18.1%0.0%-11.0%29.3%2.0K-16.4K-1.1K0.00104.87N/AN/A500357206
2020-08-26$19.98$20.0025.7%7.4%31.4%11.0%26.7%2.3%18.9%-3.9K-13.0K-1.1K0.00102.65N/AN/A10402206
2020-08-27$19.77$20.0036.8%10.6%28.6%19.8%0.0%11.8%22.5%2.6K-22.4K-1.1K0.0079.79N/AN/A150403206
2020-08-28$20.30$20.0035.4%10.1%30.0%18.6%0.0%-3.2%-4.2%-2.4K-71.8K-1.2K0.00113.91N/AN/A10418206
2020-08-31$19.77$20.0026.8%7.7%29.7%11.9%0.0%3.7%25.7%-6.1K-24.0K-1.2K0.0087.53N/AN/A420419206