BHE Options History — September 2021

In September 2021, BHE traded between $26.48 and $28.10. ATM implied volatility averaged 39.6%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 16.7% (HV 20d: 22.9%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2021-09-22: Highest Volume — 35 contracts
2021-09-14: Largest IV spike — 93.5% change
2021-09-02: Highest IV Rank — 82.8%
2021-09-01: Largest Expected Move — 19.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.31	$26.48	$28.10	$26.90	$26.91
Max Pain	$29.05	$25.00	$30.00	$25.00	$30.00
ATM IV	39.6%	19.1%	71.2%	67.6%	38.3%
Expected Move	10.1%	5.5%	19.4%	19.4%	11.0%
HV 20d	22.9%	20.1%	24.7%	22.1%	22.2%
HV 60d	26.3%	25.8%	27.0%	26.0%	26.6%
IV Rank	31.2%	0.0%	82.8%	76.4%	31.3%
IV Percentile	36.2%	0.0%	98.0%	96.8%	30.2%
Term Structure	-0.4%	-51.4%	23.6%	-51.4%	3.0%
VWIV	23.8%	16.1%	34.9%	28.9%	34.9%
Skew 25d	16.8%	3.8%	65.6%	9.2%	20.0%
Skew 10d	24.4%	-10.8%	84.8%	8.7%	12.8%
Call IV 25d	25.9%	16.4%	41.3%	41.3%	26.9%
Put IV 25d	42.7%	30.4%	98.4%	50.5%	47.0%
Bid-Ask Spread %	111.06	70.04	125.99	121.94	112.59
Gamma HHI	0.83	0.70	0.92	0.84	0.84
Net GEX	11.2K	6.6K	16.7K	9.3K	11.9K
Net DEX	-122.8K	-169.5K	-75.0K	-123.2K	-134.4K
Net VEX	-645	-753	-468	-753	-641
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	4.857	0	35	0	8
Total OI	240.048	222	260	234	253

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-09-01	$26.90	$25.00	67.6%	19.4%	22.1%	76.4%	0.0%	9.2%	-51.4%	9.3K	-123.2K	-753	121.94	N/A	N/A	0	0	207	27
2021-09-02	$27.03	$30.00	71.2%	9.1%	22.1%	82.8%	0.0%	13.2%	5.7%	9.0K	-111.6K	-723	105.07	N/A	N/A	0	0	207	27
2021-09-03	$27.30	$30.00	60.9%	9.3%	21.7%	64.2%	0.0%	7.9%	4.2%	9.9K	-126.1K	-748	103.18	N/A	N/A	1	0	207	27
2021-09-07	$27.69	$30.00	49.2%	7.5%	22.0%	43.0%	0.0%	6.3%	11.6%	11.1K	-129.1K	-707	101.88	N/A	N/A	2	0	207	27
2021-09-08	$27.35	$30.00	28.2%	8.1%	22.5%	5.0%	0.0%	8.0%	9.7%	10.7K	-118.4K	-671	103.57	N/A	N/A	0	0	208	27
2021-09-09	$27.62	$30.00	25.3%	7.2%	22.6%	0.0%	0.0%	7.9%	9.0%	11.1K	-138.8K	-731	105.11	N/A	N/A	0	0	208	27
2021-09-10	$27.65	$30.00	23.6%	6.8%	22.2%	0.0%	0.0%	8.7%	14.2%	13.0K	-126.8K	-670	114.32	N/A	N/A	0	0	208	27
2021-09-13	$28.01	$30.00	19.7%	5.6%	22.4%	0.0%	28.9%	47.4%	14.8%	13.1K	-115.7K	-597	112.67	N/A	N/A	1	0	208	27
2021-09-14	$27.29	$30.00	38.1%	10.9%	24.6%	30.2%	16.1%	9.5%	-19.4%	9.6K	-105.7K	-601	113.11	N/A	N/A	27	0	208	27
2021-09-15	$27.43	$25.00	51.3%	14.7%	23.6%	51.9%	0.0%	33.2%	-20.2%	9.7K	-133.1K	-641	122.41	N/A	N/A	0	0	209	27
2021-09-16	$27.36	$25.00	38.4%	11.0%	23.7%	30.7%	0.0%	18.1%	3.7%	12.9K	-135.9K	-670	110.21	N/A	N/A	0	0	233	27
2021-09-17	$26.74	$25.00	36.8%	10.5%	24.7%	28.0%	0.0%	15.7%	-6.2%	8.5K	-95.4K	-534	109.51	N/A	N/A	13	0	233	27
2021-09-20	$26.48	$30.00	36.0%	10.3%	23.5%	26.8%	0.0%	13.8%	-3.6%	6.6K	-75.0K	-468	112.61	N/A	N/A	0	0	211	11
2021-09-21	$26.52	$30.00	44.8%	12.8%	23.5%	41.1%	0.0%	15.8%	-10.7%	9.7K	-104.4K	-592	112.67	N/A	N/A	0	1	224	11
2021-09-22	$27.11	$30.00	52.0%	14.9%	24.4%	53.0%	21.1%	6.9%	-27.1%	11.1K	-116.6K	-601	116.17	N/A	N/A	35	0	224	11
2021-09-23	$27.53	$30.00	19.1%	5.5%	24.7%	0.0%	18.1%	20.3%	16.5%	10.4K	-100.4K	-541	70.04	N/A	N/A	2	0	224	12
2021-09-24	$27.82	$30.00	31.2%	8.9%	24.7%	19.7%	0.0%	15.1%	12.1%	15.2K	-143.9K	-670	123.03	N/A	N/A	0	0	234	12
2021-09-27	$28.10	$30.00	25.2%	7.2%	20.1%	10.0%	0.0%	65.6%	21.8%	16.7K	-152.0K	-670	119.98	N/A	N/A	6	0	235	12
2021-09-28	$27.57	$30.00	37.0%	10.6%	21.5%	29.2%	0.0%	5.9%	23.6%	13.7K	-169.5K	-696	125.99	N/A	N/A	1	0	235	12
2021-09-29	$27.10	$30.00	38.2%	11.0%	22.3%	31.1%	0.0%	3.8%	-20.2%	11.3K	-122.2K	-622	116.19	N/A	N/A	0	5	241	12
2021-09-30	$26.91	$30.00	38.3%	11.0%	22.2%	31.3%	34.9%	20.0%	3.0%	11.9K	-134.4K	-641	112.59	N/A	N/A	0	8	241	12