BHE Options History — August 2021

In August 2021, BHE traded between $25.06 and $27.16. ATM implied volatility averaged 39.8%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 10.5% (HV 20d: 29.2%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.13.

Notable Days

  • 2021-08-27: Highest Volume — 23 contracts
  • 2021-08-30: Largest IV spike — 91.8% change
  • 2021-08-30: Highest IV Rank — 55.7%
  • 2021-08-30: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.11$25.06$27.16$26.26$27.16
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV39.8%26.9%56.2%44.7%55.2%
Expected Move11.0%7.7%16.1%12.8%15.8%
HV 20d29.2%16.3%35.5%35.5%22.1%
HV 60d25.1%24.4%26.3%26.3%26.1%
IV Rank25.9%2.6%55.7%34.8%53.8%
IV Percentile33.7%2.0%87.7%51.2%85.7%
Term Structure-5.4%-42.4%13.1%-20.5%-41.4%
VWIV32.4%20.3%47.6%29.3%26.6%
Skew 25d3.1%-13.0%14.9%-2.2%-5.2%
Skew 10d3.7%-6.6%19.4%7.0%0.4%
Call IV 25d33.1%20.9%57.0%42.3%31.8%
Put IV 25d36.1%26.6%54.5%40.1%26.6%
Bid-Ask Spread %116.45108.39127.10115.64121.97
Gamma HHI0.720.610.860.840.83
Net GEX5.7K3.4K9.6K6.2K9.6K
Net DEX-84.5K-129.5K-45.0K-93.3K-129.5K
Net VEX-629-773-532-614-773
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.001.000.000.00
Total Volume5.273023421
Total OI289.227206346305234

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$26.26$25.0044.7%12.8%35.5%34.8%0.0%-2.2%-20.5%6.2K-93.3K-6140.00115.64N/AN/A40158147
2021-08-03$26.31$25.0046.0%13.2%34.4%37.2%0.0%-2.5%-6.7%6.1K-85.2K-6050.00116.99N/AN/A30158147
2021-08-04$26.04$25.0038.1%10.9%34.5%23.0%0.0%1.7%-0.4%5.9K-90.8K-6200.00113.43N/AN/A00162147
2021-08-05$26.10$25.0037.1%10.6%33.9%21.2%0.0%8.0%5.0%6.0K-95.0K-5900.00127.10N/AN/A10162147
2021-08-06$26.53$25.0041.1%9.3%33.8%28.4%0.0%14.9%1.5%6.1K-76.4K-5890.00111.78N/AN/A00162157
2021-08-09$26.41$25.0036.3%9.0%33.8%19.6%0.0%8.8%4.5%6.1K-80.9K-5940.00108.39N/AN/A00162157
2021-08-10$26.26$25.0046.9%8.7%33.8%38.8%0.0%10.6%5.4%5.9K-94.5K-6500.00113.55N/AN/A00162157
2021-08-11$26.20$25.0042.7%12.2%33.2%31.2%0.0%7.1%-21.6%5.3K-84.5K-6390.00122.67N/AN/A170162157
2021-08-12$25.99$25.0026.9%7.7%32.2%2.6%29.3%-0.8%9.9%4.2K-64.0K-5320.50118.42N/AN/A42162157
2021-08-13$25.92$25.0042.4%12.2%31.5%30.8%0.0%3.2%-7.6%5.7K-77.2K-6320.00114.41N/AN/A01179157
2021-08-16$25.79$25.0047.5%13.6%30.5%39.9%47.6%4.2%-15.0%5.5K-74.4K-6260.00118.22N/AN/A02182159
2021-08-17$25.39$25.0034.3%9.8%29.5%16.0%0.0%5.7%10.4%4.7K-80.8K-6820.00113.53N/AN/A00182160
2021-08-18$25.45$25.0036.6%10.5%29.3%20.3%38.2%-4.5%5.0%4.7K-74.5K-6361.00112.17N/AN/A11182162
2021-08-19$25.06$25.0037.3%10.7%26.3%21.5%0.0%2.2%-4.4%3.4K-45.0K-5360.05111.52N/AN/A191182162
2021-08-20$25.72$25.0034.7%10.0%27.8%16.8%0.0%1.7%13.1%4.8K-83.2K-6610.00109.53N/AN/A20183163
2021-08-23$25.81$25.0032.0%9.2%27.7%11.9%0.0%-0.1%-0.7%4.6K-70.3K-6210.00113.96N/AN/A5018125
2021-08-24$26.12$25.0035.4%10.2%26.8%18.1%0.0%5.6%0.3%5.5K-84.1K-6410.00117.06N/AN/A4018125
2021-08-25$26.01$25.0036.1%10.3%25.9%19.2%0.0%5.4%-7.5%5.5K-69.6K-5640.00118.24N/AN/A0018125
2021-08-26$25.89$25.0038.0%10.9%16.3%22.8%0.0%4.6%-3.8%5.3K-87.0K-6650.00119.59N/AN/A5018525
2021-08-27$27.02$25.0029.3%8.4%22.2%7.0%20.3%11.7%-1.8%6.9K-95.6K-6230.10122.17N/AN/A21218525
2021-08-30$27.01$25.0056.2%16.1%22.1%55.7%0.0%-13.0%-42.4%7.2K-124.1K-7480.00121.66N/AN/A0019025
2021-08-31$27.16$25.0055.2%15.8%22.1%53.8%26.6%-5.2%-41.4%9.6K-129.5K-7730.00121.97N/AN/A21020727