BHE Options History — February 2021

In February 2021, BHE traded between $26.39 and $28.93. ATM implied volatility averaged 46.0%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 10.9% (HV 20d: 35.1%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.03.

Notable Days

  • 2021-02-26: Highest Volume — 41 contracts
  • 2021-02-12: Largest IV spike — 36.9% change
  • 2021-02-01: Highest IV Rank — 43.2%
  • 2021-02-01: Largest Expected Move — 20.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.87$26.39$28.93$26.39$28.49
Max Pain$25.26$25.00$30.00$25.00$25.00
ATM IV46.0%29.7%70.0%70.0%47.5%
Expected Move12.9%8.5%20.1%20.1%13.6%
HV 20d35.1%32.9%39.0%37.6%33.0%
HV 60d35.9%34.4%39.9%39.9%34.8%
IV Rank23.2%9.6%43.2%43.2%24.4%
IV Percentile34.1%4.0%76.2%76.2%38.1%
Term Structure-6.6%-31.2%10.2%-31.2%-9.6%
VWIV49.1%43.2%55.1%55.1%43.2%
Skew 25d11.9%-7.7%37.1%10.9%-0.7%
Skew 10d14.6%-23.0%38.9%-9.9%3.8%
Call IV 25d40.4%27.6%55.8%44.1%43.3%
Put IV 25d52.2%42.6%67.9%55.1%42.6%
Bid-Ask Spread %119.66107.60129.71129.71118.99
Gamma HHI0.780.680.880.770.70
Net GEX16.2K10.8K19.8K10.8K17.4K
Net DEX-287.7K-334.4K-193.3K-193.3K-324.3K
Net VEX-979-1.0K-897-897-929
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.440.000.03
Total Volume9.368041041
Total OI290.632266325272274

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$26.39$25.0070.0%20.1%37.6%43.2%0.0%10.9%-31.2%10.8K-193.3K-8970.00129.71N/AN/A0026012
2021-02-02$27.21$25.0064.2%18.4%39.0%38.4%0.0%37.1%-8.9%13.4K-234.8K-9650.00121.50N/AN/A1026012
2021-02-03$26.86$25.0054.5%15.6%37.5%30.3%0.0%-7.7%-8.2%12.8K-212.8K-9140.00127.34N/AN/A0026012
2021-02-04$27.55$30.0053.8%14.5%34.3%29.7%55.1%4.5%-6.4%15.8K-276.1K-1.0K0.44111.29N/AN/A251126012
2021-02-05$27.36$25.0058.4%12.5%34.1%33.5%0.0%11.7%-7.9%14.5K-263.0K-1.0K0.00124.85N/AN/A18028022
2021-02-08$28.36$25.0047.5%13.1%36.4%24.4%0.0%15.5%-21.0%18.9K-318.8K-1.0K0.00107.60N/AN/A1027522
2021-02-09$28.10$25.0037.2%11.4%36.5%15.9%43.2%8.8%-4.2%18.7K-285.6K-1.0K0.00111.98N/AN/A1027622
2021-02-10$27.63$25.0049.2%14.1%36.5%25.9%0.0%16.0%-13.3%15.2K-264.0K-1.0K0.00110.67N/AN/A5027722
2021-02-11$27.77$25.0036.7%10.5%35.3%15.5%0.0%12.1%-2.5%16.7K-275.1K-1.0K0.00115.22N/AN/A0027722
2021-02-12$27.91$25.0050.3%14.4%34.7%26.8%0.0%13.8%-11.7%16.7K-290.3K-1.0K0.00123.30N/AN/A40027722
2021-02-16$28.10$25.0050.6%14.5%33.7%27.1%0.0%4.5%-6.8%18.3K-334.4K-1.0K0.00123.43N/AN/A0030122
2021-02-17$28.01$25.0048.5%13.9%33.7%25.3%0.0%-6.7%-9.2%19.5K-327.0K-1.0K0.00112.46N/AN/A2030122
2021-02-18$27.84$25.0036.9%10.6%33.8%15.6%0.0%13.1%6.3%14.0K-281.7K-9730.00123.86N/AN/A20030322
2021-02-19$28.50$25.0034.1%9.8%34.4%13.2%0.0%16.0%-5.2%16.8K-327.5K-9700.00117.37N/AN/A5030322
2021-02-22$28.40$25.0029.7%8.5%34.4%9.6%0.0%26.3%3.1%13.8K-326.3K-9610.00120.50N/AN/A1024818
2021-02-23$27.98$25.0031.7%9.1%35.0%11.3%0.0%14.2%10.2%15.9K-277.1K-9090.00124.83N/AN/A0024918
2021-02-24$28.93$25.0031.4%9.0%33.9%11.0%0.0%22.9%3.8%19.8K-331.9K-9470.00126.34N/AN/A1024919
2021-02-25$28.12$25.0041.6%11.9%32.9%19.5%0.0%13.3%-2.2%18.1K-321.5K-9110.00122.34N/AN/A6025019
2021-02-26$28.49$25.0047.5%13.6%33.0%24.4%0.0%-0.7%-9.6%17.4K-324.3K-9290.03118.99N/AN/A40125519