BHE Options History — April 2021

In April 2021, BHE traded between $29.39 and $32.24. ATM implied volatility averaged 41.8%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 11.5% (HV 20d: 30.3%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 3.03.

Notable Days

  • 2021-04-13: Highest Volume — 383 contracts
  • 2021-04-12: Largest IV spike — 56.6% change
  • 2021-04-13: Highest IV Rank — 60.0%
  • 2021-04-19: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.52$29.39$32.24$31.28$30.05
Max Pain$22.86$22.50$30.00$30.00$22.50
ATM IV41.8%27.1%74.0%31.6%41.0%
Expected Move11.9%7.8%15.8%9.1%11.7%
HV 20d30.3%23.0%34.3%31.9%23.1%
HV 60d31.9%29.1%33.5%33.5%29.1%
IV Rank25.3%9.6%60.0%11.2%24.5%
IV Percentile29.2%3.2%88.5%4.4%28.6%
Term Structure-6.4%-26.9%7.7%7.7%-10.9%
VWIV47.4%34.4%84.3%40.4%44.0%
Skew 25d12.1%-7.3%25.3%-7.3%8.2%
Skew 10d12.9%-1.5%39.6%-1.4%19.3%
Call IV 25d35.2%24.1%45.0%41.4%42.5%
Put IV 25d47.3%34.1%62.8%34.1%50.7%
Bid-Ask Spread %114.75102.87125.97115.33119.49
Gamma HHI0.530.470.670.500.48
Net GEX12.5K8.7K18.8K11.3K13.6K
Net DEX-289.3K-419.5K-195.3K-260.2K-310.7K
Net VEX-1.3K-1.8K-803-943-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.030.0033.670.001.00
Total Volume38038304
Total OI346216448218436

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$31.28$30.0031.6%9.1%31.9%11.2%0.0%-7.3%7.7%11.3K-260.2K-9430.00115.33N/AN/A0018830
2021-04-05$32.24$22.5035.1%13.7%32.3%18.2%40.4%13.3%-22.6%11.1K-294.0K-9000.00102.87N/AN/A9018630
2021-04-06$31.71$22.5039.1%12.2%32.8%22.6%0.0%2.0%-9.1%12.2K-291.3K-9410.00114.47N/AN/A0020230
2021-04-07$30.84$22.5049.0%14.5%34.3%33.1%0.0%9.3%-7.6%11.6K-241.0K-9110.00121.01N/AN/A0020230
2021-04-08$30.86$22.5036.3%13.5%33.9%19.5%47.2%25.3%-8.7%12.9K-244.6K-9060.00113.00N/AN/A3020230
2021-04-09$30.79$22.5031.3%11.9%33.6%14.1%0.0%13.4%-3.9%13.8K-240.3K-8520.00111.65N/AN/A0020230
2021-04-12$30.64$22.5049.0%11.4%33.4%33.2%0.0%9.1%-3.4%13.4K-222.9K-8160.00115.14N/AN/A6020130
2021-04-13$30.17$22.5074.0%10.9%33.5%60.0%39.7%9.4%-3.6%12.1K-195.3K-8031.70111.81N/AN/A14224120630
2021-04-14$30.07$22.5040.5%11.6%33.2%24.0%42.0%14.6%-3.4%17.9K-337.5K-1.5K33.67112.98N/AN/A9303291144
2021-04-15$30.19$22.5040.3%11.6%32.9%23.8%0.0%22.6%-11.8%18.8K-347.1K-1.5K0.00112.78N/AN/A20294154
2021-04-16$30.55$22.5040.7%11.7%32.6%24.2%0.0%8.2%-0.9%11.3K-419.5K-1.5K0.00115.62N/AN/A30294154
2021-04-19$30.14$22.5054.9%15.8%32.8%39.5%0.0%24.4%-26.9%10.9K-285.7K-1.5K0.00103.45N/AN/A02227141
2021-04-20$29.39$22.5044.4%12.7%33.8%28.2%0.0%15.8%-6.4%9.6K-248.0K-1.4K0.00111.30N/AN/A06227143
2021-04-21$29.95$22.5041.0%11.7%27.2%24.5%0.0%18.6%-8.7%9.9K-259.0K-1.5K0.00119.23N/AN/A00227149
2021-04-22$30.14$22.5027.1%7.8%27.1%9.6%0.0%18.4%4.6%8.7K-258.6K-1.4K0.00122.21N/AN/A600227149
2021-04-23$30.58$22.5038.8%11.1%27.4%22.2%0.0%23.4%-5.4%13.4K-321.8K-1.7K0.00115.53N/AN/A00287149
2021-04-26$30.55$22.5043.0%12.3%26.2%26.7%0.0%12.9%-5.9%13.4K-340.6K-1.7K0.00123.32N/AN/A00287149
2021-04-27$30.14$22.5037.3%10.7%26.2%20.5%0.0%0.1%-1.8%12.1K-302.2K-1.6K0.00118.33N/AN/A10287149
2021-04-28$30.32$22.5034.5%9.9%25.2%17.5%34.4%4.2%7.0%12.5K-300.9K-1.6K0.00104.27N/AN/A30287149
2021-04-29$30.29$22.5049.9%14.3%23.0%34.1%84.3%7.9%-13.7%12.2K-354.8K-1.8K0.00125.97N/AN/A40287149
2021-04-30$30.05$22.5041.0%11.7%23.1%24.5%44.0%8.2%-10.9%13.6K-310.7K-1.6K1.00119.49N/AN/A22287149