BHE Options History — July 2021

In July 2021, BHE traded between $24.71 and $28.61. ATM implied volatility averaged 51.5%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 28.4% (HV 20d: 23.1%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 7.07.

Notable Days

  • 2021-07-22: Highest Volume — 132 contracts
  • 2021-07-02: Largest IV spike — 65.1% change
  • 2021-07-13: Highest IV Rank — 73.0%
  • 2021-07-15: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.25$24.71$28.61$28.61$26.41
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV51.5%26.9%80.7%26.9%39.3%
Expected Move13.2%7.7%16.4%7.7%11.3%
HV 20d23.1%17.1%36.1%17.3%36.1%
HV 60d23.4%21.3%26.5%21.3%26.4%
IV Rank40.1%6.0%73.0%6.0%25.1%
IV Percentile64.9%2.0%97.2%2.0%27.0%
Term Structure-6.3%-19.5%20.6%20.6%-5.8%
VWIV54.9%43.8%71.9%71.9%43.8%
Skew 25d7.2%-17.2%21.6%17.6%9.4%
Skew 10d15.3%-9.0%43.6%6.1%9.1%
Call IV 25d40.9%20.7%62.0%20.7%29.9%
Put IV 25d48.1%37.1%59.8%38.3%39.2%
Bid-Ask Spread %105.3065.51118.7499.71109.14
Gamma HHI0.820.700.950.950.82
Net GEX7.6K3.2K18.8K18.8K6.1K
Net DEX-100.9K-211.5K-21.0K-174.6K-107.4K
Net VEX-682-1.0K-309-1.0K-669
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.070.0065.003.000.25
Total Volume11.81013200
Total OI287.286150343314305

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$28.61$25.0026.9%7.7%17.3%6.0%0.0%17.6%20.6%18.8K-174.6K-1.0K0.0099.71N/AN/A0028826
2021-07-02$27.97$25.0044.3%12.7%17.1%25.5%0.0%-16.4%-6.1%13.4K-184.2K-1.0K0.00118.74N/AN/A0028827
2021-07-06$27.23$25.0057.2%14.0%18.8%39.8%0.0%14.8%-10.0%11.6K-113.9K-8573.00109.30N/AN/A51528826
2021-07-07$27.19$25.0080.7%14.6%18.0%66.0%0.0%11.6%-13.9%12.3K-211.5K-9280.00116.94N/AN/A11029311
2021-07-08$26.66$25.0055.7%12.3%17.9%38.9%0.0%16.4%6.0%9.5K-113.1K-7530.00103.08N/AN/A02930311
2021-07-09$27.15$25.0060.4%11.9%20.0%44.4%0.0%12.8%-11.0%10.6K-139.4K-8570.00105.58N/AN/A0030340
2021-07-12$27.15$25.0067.4%12.5%19.8%50.0%0.0%-4.1%-7.7%9.8K-116.4K-7380.0096.74N/AN/A0030340
2021-07-13$27.02$25.0073.6%15.5%19.6%73.0%0.0%16.8%-12.3%9.0K-115.0K-7280.00102.07N/AN/A20030340
2021-07-14$26.53$25.0036.0%10.3%20.2%16.3%0.0%-1.7%3.0%5.5K-116.8K-7240.00111.07N/AN/A0030240
2021-07-15$25.89$25.0057.4%16.4%21.0%51.9%0.0%7.2%8.4%5.2K-68.7K-5600.00114.59N/AN/A0030240
2021-07-16$25.44$25.0052.9%15.2%21.3%44.6%71.9%5.6%-6.6%4.7K-78.9K-5850.33112.66N/AN/A3130240
2021-07-19$24.91$25.0048.3%13.9%20.8%40.4%48.3%6.5%-13.8%3.2K-21.0K-3091.00104.90N/AN/A111419
2021-07-20$25.61$25.0042.2%12.1%23.3%29.6%0.0%21.6%-8.1%4.7K-76.8K-6070.11105.74N/AN/A9114210
2021-07-21$25.82$25.0052.5%15.1%23.8%47.7%0.0%3.0%-19.5%5.4K-72.2K-6100.00114.99N/AN/A0015111
2021-07-22$24.84$25.0050.8%14.6%26.6%46.0%69.3%6.9%-12.6%4.5K-55.3K-51765.00114.36N/AN/A213015111
2021-07-23$24.97$25.0048.2%13.8%26.2%41.2%46.9%9.8%-9.3%4.7K-72.0K-5670.00102.63N/AN/A04153141
2021-07-26$25.20$25.0045.7%13.1%26.5%36.7%51.0%11.8%-7.6%4.6K-52.8K-5000.0091.75N/AN/A01153141
2021-07-27$24.71$25.0052.9%15.2%26.7%49.8%52.9%9.7%-11.8%4.0K-49.4K-4971.0097.54N/AN/A11153145
2021-07-28$25.26$25.0045.5%13.1%28.7%36.4%0.0%10.2%-5.1%4.6K-78.3K-5990.0065.51N/AN/A30153146
2021-07-29$26.70$25.0043.8%12.6%36.1%33.3%43.8%-17.2%-10.0%6.7K-102.0K-6560.25114.25N/AN/A82154147
2021-07-30$26.41$25.0039.3%11.3%36.1%25.1%0.0%9.4%-5.8%6.1K-107.4K-6690.00109.14N/AN/A00157148