BHE Options History — November 2021

In November 2021, BHE traded between $23.62 and $26.24. ATM implied volatility averaged 43.3%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 4.7% (HV 20d: 38.6%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 3.60.

Notable Days

  • 2021-11-05: Highest Volume — 310 contracts
  • 2021-11-09: Largest IV spike — 70.8% change
  • 2021-11-26: Highest IV Rank — 84.1%
  • 2021-11-26: Largest Expected Move — 20.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.49$23.62$26.24$24.04$23.62
Max Pain$22.86$22.50$25.00$25.00$22.50
ATM IV43.3%28.9%70.9%34.0%56.8%
Expected Move11.7%7.1%20.3%9.7%16.3%
HV 20d38.6%33.2%41.2%37.3%33.2%
HV 60d29.3%27.6%31.5%28.2%31.4%
IV Rank39.4%16.0%84.1%24.2%61.3%
IV Percentile47.5%5.2%97.2%14.7%87.7%
Term Structure-6.3%-37.8%5.5%-0.5%-8.8%
VWIV42.8%26.2%84.5%34.6%62.3%
Skew 25d6.1%-3.3%24.2%9.0%24.2%
Skew 10d9.6%-7.8%34.0%34.0%0.0%
Call IV 25d37.7%26.1%57.3%36.6%47.1%
Put IV 25d43.8%28.7%71.3%45.5%71.3%
Bid-Ask Spread %112.1096.74130.82106.72127.27
Gamma HHI0.350.260.500.300.28
Net GEX3.2K1.1K5.7K1.5K1.1K
Net DEX-58.3K-98.2K-10.6K-30.3K-10.6K
Net VEX-361-445-252-311-252
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.600.666.054.840.69
Total Volume237.76296310292100
Total OI293.333153361334161

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$24.04$25.0034.0%9.7%37.3%24.2%34.6%9.0%-0.5%1.5K-30.3K-3114.84106.72N/AN/A50242110224
2021-11-02$24.26$25.0037.0%10.6%37.5%29.1%37.4%-1.1%2.7%2.1K-23.6K-3183.78103.38N/AN/A64242110226
2021-11-03$25.15$25.0042.1%12.1%40.0%37.3%44.5%13.0%-7.9%4.6K-75.7K-4213.90106.66N/AN/A62242135226
2021-11-04$25.51$22.5046.7%7.1%40.1%44.8%26.2%14.0%4.6%4.8K-86.7K-4356.05107.20N/AN/A40242133226
2021-11-05$26.15$22.5045.1%10.1%41.2%42.2%36.1%5.4%-6.3%5.7K-98.2K-4333.5696.74N/AN/A68242129226
2021-11-08$26.01$22.5033.7%11.0%41.2%23.7%38.3%-1.3%-6.6%3.2K-52.6K-3614.75104.86N/AN/A51242116226
2021-11-09$26.03$22.5057.5%9.5%40.7%62.5%32.7%-0.3%-1.9%3.4K-63.1K-3554.75101.57N/AN/A51242118226
2021-11-10$26.14$22.5035.9%10.3%40.5%27.4%35.2%-1.8%-9.2%2.9K-58.7K-3124.1799.41N/AN/A58242118226
2021-11-11$26.08$22.5035.2%10.1%40.0%26.2%34.7%-3.3%-3.6%3.7K-62.2K-3385.38106.74N/AN/A45242122226
2021-11-12$26.24$22.5037.9%10.9%40.0%30.6%36.9%3.7%3.3%3.5K-75.9K-4455.26113.61N/AN/A46242123226
2021-11-15$26.08$22.5028.9%8.3%39.0%16.0%27.9%4.9%0.5%3.1K-63.2K-3335.26104.75N/AN/A46242125226
2021-11-16$26.12$22.5043.7%12.5%39.0%40.1%42.7%16.5%-12.8%3.4K-64.0K-3465.38107.54N/AN/A45242125226
2021-11-17$25.98$22.5047.1%13.5%39.0%45.5%39.6%11.4%-7.0%2.8K-59.5K-3355.38118.65N/AN/A45242126226
2021-11-18$25.88$22.5036.6%10.5%39.0%28.5%44.3%9.0%0.8%3.4K-62.8K-3655.38113.42N/AN/A45242126226
2021-11-19$26.05$22.5035.0%10.0%38.6%25.9%35.5%10.4%-2.7%3.1K-67.4K-3413.84115.16N/AN/A63242126226
2021-11-22$25.88$22.5029.4%8.4%38.4%16.9%33.2%-3.3%5.5%3.4K-58.8K-3500.66114.47N/AN/A583810251
2021-11-23$26.03$22.5045.2%13.0%38.4%42.5%52.3%2.6%-21.5%3.5K-58.0K-3350.66122.09N/AN/A583810351
2021-11-24$26.07$22.5053.8%15.4%37.6%56.4%54.0%5.2%-20.5%3.2K-64.8K-3900.66126.55N/AN/A583810351
2021-11-26$24.22$22.5070.9%20.3%34.3%84.1%84.5%4.3%-37.8%2.3K-49.6K-4140.66130.82N/AN/A583810351
2021-11-29$23.77$22.5057.0%16.4%35.0%61.7%66.8%5.0%-3.6%1.9K-38.1K-3950.69126.42N/AN/A594110351
2021-11-30$23.62$22.5056.8%16.3%33.2%61.3%62.3%24.2%-8.8%1.1K-10.6K-2520.69127.27N/AN/A594110655