BHE Options History — December 2020

In December 2020, BHE traded between $24.56 and $27.61. ATM implied volatility averaged 46.9%, placing in the 26.9% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 11.1% (HV 20d: 35.9%). 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 8 of 22 days. Put/call ratio averaged 0.35.

Notable Days

  • 2020-12-17: Highest Volume — 120 contracts
  • 2020-12-21: Largest IV spike — 51.5% change
  • 2020-12-08: Highest IV Rank — 51.4%
  • 2020-12-14: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.31$24.56$27.61$24.56$27.17
Max Pain$19.77$17.50$20.00$17.50$20.00
ATM IV46.9%27.0%77.6%48.9%43.5%
Expected Move12.7%7.7%15.9%14.0%12.5%
HV 20d35.9%28.2%45.2%45.2%38.1%
HV 60d39.1%36.9%41.2%40.3%39.2%
IV Rank26.9%10.8%51.4%28.5%24.1%
IV Percentile41.8%12.7%84.5%49.2%32.1%
Term Structure-0.7%-20.1%15.5%-3.6%13.4%
VWIV44.4%32.4%60.3%45.9%48.3%
Skew 25d9.4%-5.3%25.7%3.8%10.4%
Skew 10d5.5%-15.4%21.5%8.5%21.5%
Call IV 25d38.8%27.2%51.8%49.9%37.2%
Put IV 25d48.2%33.9%59.2%53.7%47.5%
Bid-Ask Spread %110.84102.61121.79121.79113.40
Gamma HHI0.500.390.670.510.46
Net GEX14.6K8.3K21.3K17.7K9.6K
Net DEX-531.6K-803.9K-321.9K-478.2K-384.7K
Net VEX-774-1.1K-399-1.0K-569
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.002.000.000.00
Total Volume12.864012020
Total OI336.864242404378260

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$24.56$17.5048.9%14.0%45.2%28.5%0.0%3.8%-3.6%17.7K-478.2K-1.0K0.00121.79N/AN/A2035919
2020-12-02$24.95$17.5047.1%13.5%44.5%27.0%45.9%4.9%8.9%17.9K-496.0K-1.1K0.00117.00N/AN/A25036119
2020-12-03$24.89$20.0062.3%12.3%39.6%39.1%0.0%20.4%-3.7%19.5K-500.7K-1.0K0.00107.67N/AN/A3036619
2020-12-04$25.82$20.0047.8%14.8%37.1%27.5%46.3%-1.6%-6.6%20.4K-587.4K-1.0K0.08105.08N/AN/A63536919
2020-12-07$25.90$20.0059.1%13.5%37.1%36.6%0.0%-3.0%-4.3%18.6K-617.7K-1.0K0.00103.46N/AN/A2037119
2020-12-08$25.86$20.0077.6%14.2%29.3%51.4%0.0%25.7%-8.3%17.8K-603.8K-1.0K0.00102.61N/AN/A0037119
2020-12-09$25.53$20.0042.7%12.3%29.6%23.5%0.0%0.6%-1.5%21.3K-572.5K-8920.00105.38N/AN/A0037119
2020-12-10$25.35$20.0053.9%15.4%29.2%32.4%0.0%14.7%-4.7%18.2K-557.8K-1.0K0.00108.83N/AN/A0037119
2020-12-11$25.43$20.0039.9%11.4%28.2%21.2%0.0%4.3%10.5%19.6K-592.9K-9270.00113.69N/AN/A0037119
2020-12-14$27.01$20.0055.4%15.9%33.1%33.6%0.0%13.1%-10.6%16.8K-723.0K-8882.00109.73N/AN/A51037119
2020-12-15$27.54$20.0036.8%10.6%33.4%18.7%35.9%10.9%3.2%17.1K-785.4K-7680.50109.22N/AN/A2137329
2020-12-16$27.61$20.0027.0%7.7%33.3%10.8%60.3%20.0%7.7%15.0K-793.2K-7881.00109.92N/AN/A1137430
2020-12-17$27.47$20.0035.0%10.0%33.2%17.3%32.4%-5.3%12.7%15.9K-803.9K-7080.00114.33N/AN/A120037430
2020-12-18$27.60$20.0032.3%9.3%33.2%15.1%48.2%12.9%15.2%9.2K-591.1K-5710.00112.28N/AN/A0228130
2020-12-21$26.18$20.0049.0%14.0%39.4%28.5%0.0%13.0%-12.2%8.6K-358.1K-5340.00117.61N/AN/A0022223
2020-12-22$26.12$20.0051.9%14.9%37.6%30.9%0.0%20.8%-20.1%8.6K-353.5K-5590.00114.16N/AN/A0022223
2020-12-23$26.75$20.0039.1%11.2%37.0%20.5%38.3%0.4%-7.8%13.3K-404.3K-3990.33108.56N/AN/A12422223
2020-12-24$26.57$20.0044.6%12.8%37.1%25.0%0.0%3.8%-4.6%9.5K-381.6K-5110.00113.99N/AN/A0023427
2020-12-28$27.20$20.0041.0%11.7%37.8%22.1%48.3%10.4%15.5%9.0K-418.0K-4980.25110.03N/AN/A4123427
2020-12-29$26.32$20.0045.1%12.9%37.7%25.3%0.0%3.6%-10.8%8.3K-321.9K-5110.00106.32N/AN/A20021428
2020-12-30$26.93$20.0052.7%15.1%38.3%31.4%0.0%23.6%-3.1%8.9K-368.9K-5980.00113.53N/AN/A0023228
2020-12-31$27.17$20.0043.5%12.5%38.1%24.1%0.0%10.4%13.4%9.6K-384.7K-5690.00113.40N/AN/A0023228