BHE Options History — April 2022

In April 2022, BHE traded between $23.10 and $25.43. ATM implied volatility averaged 55.9%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 28.3% (HV 20d: 27.6%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.65.

Notable Days

2022-04-26: Highest Volume — 92 contracts
2022-04-08: Largest IV spike — 100.8% change
2022-04-12: Highest IV Rank — 100.0%
2022-04-26: Largest Expected Move — 18.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.91	$23.10	$25.43	$25.43	$23.73
Max Pain	$24.69	$22.50	$25.00	$22.50	$25.00
ATM IV	55.9%	33.3%	147.0%	52.8%	60.8%
Expected Move	13.1%	9.0%	18.5%	13.1%	17.4%
HV 20d	27.6%	24.7%	30.9%	25.2%	30.9%
HV 60d	28.9%	28.1%	29.7%	29.0%	29.7%
IV Rank	35.0%	11.2%	100.0%	41.3%	32.6%
IV Percentile	61.2%	11.9%	100.0%	76.6%	88.1%
Term Structure	-4.1%	-29.7%	13.8%	-6.6%	-12.5%
VWIV	45.3%	35.8%	58.9%	44.9%	56.9%
Skew 25d	9.6%	-8.5%	23.2%	0.5%	-8.5%
Skew 10d	14.2%	-32.8%	32.1%	19.6%	-21.3%
Call IV 25d	41.0%	28.3%	62.7%	60.2%	62.7%
Put IV 25d	50.6%	36.8%	62.4%	60.7%	54.2%
Bid-Ask Spread %	111.16	95.40	122.63	112.84	122.63
Gamma HHI	0.68	0.38	0.82	0.58	0.68
Net GEX	2.9K	-417	4.3K	3.1K	4.0K
Net DEX	-32.6K	-61.3K	15.3K	-47.5K	-61.3K
Net VEX	-254	-420	-125	-199	-420
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.11	1.04	0.93	0.67
Total Volume	60.4	0	92	52	55
Total OI	109.7	32	136	113	136

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-04-01	$25.43	$0.00	52.8%	13.1%	25.2%	41.3%	0.0%	0.5%	-6.6%	3.1K	-47.5K	-199	0.93	112.84	N/A	N/A	27	25	82	31
2022-04-04	$25.03	$0.00	55.2%	17.0%	24.7%	44.2%	0.0%	23.2%	-29.7%	2.9K	-45.8K	-175	0.93	112.69	N/A	N/A	27	25	82	31
2022-04-05	$24.40	$0.00	41.1%	9.0%	26.1%	26.9%	0.0%	20.1%	8.7%	3.2K	-24.1K	-171	0.93	113.25	N/A	N/A	27	25	82	31
2022-04-06	$24.20	$0.00	44.3%	10.1%	26.1%	30.8%	44.9%	15.7%	-2.0%	3.2K	-25.9K	-159	1.00	109.54	N/A	N/A	27	27	82	31
2022-04-07	$24.08	$22.50	40.9%	13.2%	25.8%	26.8%	51.2%	13.1%	-15.5%	3.2K	-15.5K	-161	1.00	113.62	N/A	N/A	27	27	82	33
2022-04-08	$23.62	$22.50	82.2%	13.6%	26.4%	77.2%	40.9%	19.5%	-7.5%	2.4K	-12.4K	-159	1.04	114.65	N/A	N/A	27	28	82	33
2022-04-11	$23.20	$25.00	98.2%	11.7%	26.4%	96.7%	37.0%	6.7%	0.1%	1.8K	-1.6K	-125	1.04	102.29	N/A	N/A	27	28	82	34
2022-04-12	$23.14	$25.00	147.0%	14.8%	26.0%	100.0%	52.8%	14.0%	-0.0%	1.3K	-12.9K	-150	1.04	116.29	N/A	N/A	27	28	82	34
2022-04-13	$23.67	$25.00	37.7%	10.8%	27.1%	14.5%	39.3%	-1.0%	0.1%	2.5K	-5.5K	-130	1.04	95.40	N/A	N/A	27	28	82	34
2022-04-14	$23.31	$25.00	35.6%	10.2%	26.7%	12.9%	38.5%	11.7%	13.7%	-417	-2.3K	-125	1.04	116.70	N/A	N/A	27	28	82	34
2022-04-18	$23.59	$25.00	44.4%	12.7%	27.3%	19.8%	39.1%	12.3%	13.4%	-395	15.3K	-131	0.12	110.91	N/A	N/A	66	8	14	18
2022-04-19	$23.73	$25.00	42.6%	12.2%	27.5%	18.4%	43.4%	12.0%	13.8%	3.0K	-44.4K	-345	0.11	101.68	N/A	N/A	71	8	76	18
2022-04-20	$24.51	$25.00	33.3%	9.6%	30.5%	11.2%	35.8%	2.2%	3.9%	3.9K	-56.6K	-363	0.11	113.80	N/A	N/A	70	8	81	18
2022-04-21	$24.19	$25.00	47.6%	13.6%	29.5%	22.3%	48.3%	7.1%	-4.5%	4.0K	-58.6K	-400	0.11	105.32	N/A	N/A	70	8	92	18
2022-04-22	$23.90	$25.00	43.3%	12.4%	29.6%	19.0%	45.1%	9.0%	-11.0%	4.3K	-49.8K	-375	0.13	114.42	N/A	N/A	70	9	92	18
2022-04-25	$23.79	$25.00	41.3%	11.8%	29.2%	17.3%	47.0%	11.8%	-4.1%	4.0K	-54.4K	-389	0.13	112.69	N/A	N/A	70	9	92	19
2022-04-26	$23.39	$25.00	64.6%	18.5%	29.0%	35.6%	58.9%	20.1%	-17.5%	3.9K	-50.2K	-370	0.31	102.10	N/A	N/A	70	22	92	18
2022-04-27	$23.10	$25.00	63.1%	18.1%	27.0%	34.4%	0.0%	5.5%	-13.3%	3.4K	-38.2K	-348	0.00	116.20	N/A	N/A	0	0	92	31
2022-04-28	$24.16	$25.00	41.9%	12.0%	30.6%	17.9%	45.4%	-3.3%	-11.8%	4.2K	-61.0K	-387	0.67	116.19	N/A	N/A	33	22	92	31
2022-04-29	$23.73	$25.00	60.8%	17.4%	30.9%	32.6%	56.9%	-8.5%	-12.5%	4.0K	-61.3K	-420	0.67	122.63	N/A	N/A	33	22	105	31