BHE Options History — November 2020

In November 2020, BHE traded between $20.90 and $25.49. ATM implied volatility averaged 46.2%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 0.4% (HV 20d: 45.7%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.12.

Notable Days

  • 2020-11-02: Highest Volume — 208 contracts
  • 2020-11-24: Largest IV spike — 35.0% change
  • 2020-11-30: Highest IV Rank — 35.3%
  • 2020-11-30: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.55$20.90$25.49$21.30$24.50
Max Pain$17.88$17.50$20.00$20.00$17.50
ATM IV46.2%34.0%57.5%49.0%57.5%
Expected Move13.0%9.7%16.5%14.1%16.5%
HV 20d45.7%35.4%50.1%35.4%45.7%
HV 60d39.9%36.2%41.9%36.2%40.3%
IV Rank26.2%16.5%35.3%28.5%35.3%
IV Percentile45.5%21.4%65.5%52.0%65.5%
Term Structure-1.7%-18.2%15.5%-2.1%-10.3%
VWIV57.4%39.1%79.8%54.7%79.8%
Skew 25d5.2%-18.9%19.4%16.8%-18.9%
Skew 10d12.1%-12.0%48.0%40.5%4.4%
Call IV 25d44.9%34.0%71.7%41.5%71.7%
Put IV 25d50.1%31.5%58.9%58.3%52.9%
Bid-Ask Spread %104.9850.14124.9150.14115.82
Gamma HHI0.430.320.520.350.52
Net GEX17.3K13.4K22.4K13.4K17.9K
Net DEX-502.5K-614.3K-285.1K-332.2K-473.5K
Net VEX-1.2K-1.4K-964-980-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.100.000.00
Total Volume14.5502082080
Total OI495.5368555464378

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$21.30$20.0049.0%14.1%35.4%28.5%54.7%16.8%-2.1%13.4K-332.2K-9800.0050.14N/AN/A208036896
2020-11-03$21.95$20.0046.9%13.4%36.4%26.8%0.0%9.0%0.3%14.0K-387.2K-9890.0086.06N/AN/A0036896
2020-11-04$20.90$20.0057.4%16.5%39.5%35.2%0.0%8.4%-0.7%14.7K-285.1K-1.2K0.0098.98N/AN/A0044696
2020-11-05$22.11$17.5056.1%12.9%43.9%34.2%0.0%19.4%5.5%16.3K-417.2K-1.3K0.0094.86N/AN/A11044696
2020-11-06$22.28$17.5044.0%12.5%44.0%24.5%0.0%8.1%2.5%17.8K-422.7K-1.2K0.0084.72N/AN/A0043896
2020-11-09$23.86$17.5053.9%14.1%50.1%32.4%0.0%3.2%-7.7%18.0K-585.3K-1.4K0.0098.93N/AN/A19043896
2020-11-10$23.66$17.5040.5%12.6%48.8%21.7%0.0%11.2%-2.8%19.2K-560.3K-1.2K1.1088.99N/AN/A101144196
2020-11-11$23.35$17.5044.8%12.8%48.3%25.1%0.0%7.2%-18.2%17.7K-516.9K-1.2K0.00107.13N/AN/A00441107
2020-11-12$22.97$17.5047.3%13.6%48.8%27.1%0.0%12.8%0.1%18.1K-478.3K-1.2K0.00114.97N/AN/A00441107
2020-11-13$23.72$17.5034.8%10.0%49.8%17.1%0.0%2.9%-2.5%22.4K-538.3K-9640.00122.38N/AN/A160441107
2020-11-16$23.99$17.5037.0%10.6%49.9%18.9%0.0%15.1%3.3%19.1K-604.0K-1.2K0.00105.02N/AN/A00448107
2020-11-17$23.97$17.5037.1%10.6%49.6%18.9%0.0%3.6%2.8%17.8K-614.3K-1.2K0.00112.71N/AN/A00448107
2020-11-18$23.80$17.5041.6%11.9%49.1%22.5%0.0%-12.7%15.5%18.0K-566.6K-1.2K0.00124.91N/AN/A00448107
2020-11-19$23.86$17.5045.8%13.1%49.1%26.0%0.0%-14.2%-3.5%18.2K-591.1K-1.2K0.00123.77N/AN/A00448107
2020-11-20$23.83$17.5034.0%9.7%48.7%16.5%0.0%0.3%2.7%15.3K-601.1K-1.2K0.00123.21N/AN/A00448107
2020-11-23$24.73$17.5040.1%11.5%45.2%21.4%39.1%3.6%7.5%16.3K-470.1K-1.2K0.00106.38N/AN/A3034919
2020-11-24$25.49$17.5054.1%15.5%45.8%32.6%56.2%13.6%-15.7%17.7K-535.6K-1.1K0.00112.72N/AN/A10035219
2020-11-25$25.49$17.5049.9%14.3%43.6%29.3%79.8%8.5%-6.4%17.1K-540.8K-1.2K0.00111.69N/AN/A2035919
2020-11-27$25.34$17.5051.5%14.8%43.0%30.5%0.0%5.6%-4.2%16.7K-528.7K-1.2K0.00116.26N/AN/A1036019
2020-11-30$24.50$17.5057.5%16.5%45.7%35.3%0.0%-18.9%-10.3%17.9K-473.5K-1.0K0.00115.82N/AN/A0035919