BHE Options History — October 2020

In October 2020, BHE traded between $19.95 and $22.10. ATM implied volatility averaged 52.1%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 16.5% (HV 20d: 35.6%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.07.

Notable Days

  • 2020-10-27: Highest Volume — 96 contracts
  • 2020-10-15: Largest IV spike — 55.9% change
  • 2020-10-13: Highest IV Rank — 44.5%
  • 2020-10-22: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.05$19.95$22.10$20.15$20.74
Max Pain$19.43$17.50$20.00$20.00$20.00
ATM IV52.1%36.0%69.0%42.8%57.5%
Expected Move14.1%9.1%18.1%12.3%16.5%
HV 20d35.6%26.5%40.9%40.6%34.6%
HV 60d36.2%33.5%38.0%37.7%35.9%
IV Rank31.1%18.1%44.5%24.5%35.3%
IV Percentile58.7%33.7%77.0%48.4%65.9%
Term Structure0.9%-21.8%25.9%7.7%-4.3%
VWIV47.2%26.3%64.0%45.8%44.0%
Skew 25d11.6%-14.8%31.4%16.3%19.7%
Skew 10d16.1%-12.2%39.4%25.6%30.9%
Call IV 25d42.3%24.4%60.4%33.6%41.3%
Put IV 25d53.9%30.3%69.7%49.8%61.0%
Bid-Ask Spread %90.5742.38122.9585.9789.04
Gamma HHI0.400.260.640.410.35
Net GEX10.3K3.5K21.9K8.9K11.6K
Net DEX-195.8K-292.4K-116.0K-134.7K-288.5K
Net VEX-776-1.0K-627-754-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.000.500.170.00
Total Volume12.182096217
Total OI447.045244569533457

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$20.15$20.0042.8%12.3%40.6%24.5%45.8%16.3%7.7%8.9K-134.7K-7540.1785.97N/AN/A183379154
2020-10-02$20.22$20.0050.4%14.5%40.5%30.5%0.0%7.3%2.5%10.0K-152.2K-8300.0085.91N/AN/A00396155
2020-10-05$20.56$17.5052.1%16.2%40.9%31.9%0.0%11.0%-5.4%10.6K-160.6K-7930.0086.78N/AN/A00395155
2020-10-06$20.93$17.5066.9%16.0%40.0%42.8%0.0%31.4%-4.4%13.2K-206.1K-8420.00105.37N/AN/A00395155
2020-10-07$21.49$17.5036.8%11.8%40.5%18.7%0.0%5.0%-0.1%18.9K-263.9K-8540.0098.25N/AN/A00396155
2020-10-08$21.95$17.5046.4%10.9%40.9%26.4%0.0%11.4%2.5%19.7K-277.5K-8070.0093.19N/AN/A00396155
2020-10-09$21.90$17.5040.6%9.5%40.9%21.8%29.8%2.0%5.0%20.3K-279.5K-7860.00122.95N/AN/A03396155
2020-10-12$22.10$20.0050.2%11.9%38.6%29.5%0.0%-10.5%-3.8%21.9K-292.4K-7820.00106.64N/AN/A10396158
2020-10-13$21.47$20.0069.0%9.1%40.1%44.5%0.0%23.9%10.6%16.6K-245.0K-7250.00107.77N/AN/A00397158
2020-10-14$21.02$20.0036.0%10.3%40.1%18.1%0.0%-14.8%4.1%13.9K-201.9K-7070.00108.35N/AN/A00397158
2020-10-15$21.26$20.0056.1%16.1%40.3%34.2%52.0%18.2%25.9%3.5K-161.9K-6270.0094.96N/AN/A130397158
2020-10-16$21.48$20.0045.9%13.2%40.5%26.0%0.0%10.3%6.2%5.4K-183.7K-6620.00103.41N/AN/A00411158
2020-10-19$21.51$20.0043.5%12.5%28.1%24.1%44.3%22.0%2.8%4.7K-157.9K-6720.0089.56N/AN/A29015985
2020-10-20$21.29$20.0050.6%14.5%28.0%29.8%0.0%9.7%3.9%5.3K-156.5K-7520.0082.87N/AN/A0018885
2020-10-21$20.94$20.0051.4%14.7%27.5%30.4%52.6%14.6%-2.5%5.1K-140.3K-7150.5078.67N/AN/A4218885
2020-10-22$20.98$20.0063.1%18.1%26.5%39.8%64.0%7.1%-9.0%4.7K-140.3K-7590.0091.87N/AN/A6018997
2020-10-23$21.49$20.0057.2%16.4%27.4%35.1%0.0%18.0%-4.6%4.6K-166.3K-7810.0072.96N/AN/A0018999
2020-10-26$20.43$20.0049.4%14.1%30.6%28.8%0.0%6.0%10.8%4.2K-116.0K-7050.0078.78N/AN/A0018799
2020-10-27$20.52$20.0060.1%17.2%30.4%37.4%59.9%6.7%-4.9%3.8K-126.2K-7180.0071.39N/AN/A96018799
2020-10-28$19.95$20.0059.7%17.1%32.0%37.1%53.1%14.9%-21.8%8.4K-192.3K-8260.0542.38N/AN/A60328199
2020-10-29$20.71$20.0059.9%17.2%34.7%37.3%26.3%25.1%-1.3%11.1K-265.0K-9690.0095.56N/AN/A23034196
2020-10-30$20.74$20.0057.5%16.5%34.6%35.3%44.0%19.7%-4.3%11.6K-288.5K-1.0K0.0089.04N/AN/A7036196