BHE Options History — July 2022

In July 2022, BHE traded between $21.52 and $25.64. ATM implied volatility averaged 64.1%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 24.8% (HV 20d: 39.3%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.41.

Notable Days

2022-07-27: Highest Volume — 34 contracts
2022-07-05: Largest IV spike — 82.6% change
2022-07-08: Highest IV Rank — 77.5%
2022-07-19: Largest Expected Move — 21.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.06	$21.52	$25.64	$22.21	$25.64
Max Pain	$22.00	$20.00	$25.00	$25.00	$22.50
ATM IV	64.1%	37.2%	118.3%	61.0%	45.0%
Expected Move	15.4%	10.7%	21.7%	17.5%	12.9%
HV 20d	39.3%	27.7%	49.6%	48.3%	28.1%
HV 60d	38.1%	37.2%	38.5%	38.0%	38.4%
IV Rank	35.2%	14.2%	77.5%	32.8%	20.3%
IV Percentile	70.1%	24.6%	99.6%	83.7%	49.6%
Term Structure	-4.2%	-48.4%	12.5%	-1.7%	-13.2%
VWIV	52.8%	33.2%	81.3%	81.3%	53.4%
Skew 25d	11.9%	-10.0%	55.5%	-10.0%	10.2%
Skew 10d	11.2%	-41.2%	46.5%	-29.9%	21.3%
Call IV 25d	42.7%	33.1%	62.7%	62.7%	38.4%
Put IV 25d	54.6%	39.3%	92.3%	52.7%	48.6%
Bid-Ask Spread %	112.53	96.22	128.61	124.36	107.89
Gamma HHI	0.40	0.27	0.84	0.34	0.84
Net GEX	315	-168	1.4K	-120	1.1K
Net DEX	-1.7K	-36.5K	13.2K	13.2K	-36.5K
Net VEX	-131	-160	-100	-107	-155
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.26	0.70	0.32	0.26
Total Volume	25.45	16	34	29	34
Total OI	49.3	38	62	53	50

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
2022-07-01	$22.21	$25.00	61.0%	17.5%	48.3%	32.8%	81.3%	-10.0%	-1.7%	-120	13.2K	-107	0.32	124.36	N/A	N/A	22	7	36	17
2022-07-05	$21.81	$20.00	111.3%	16.5%	48.4%	72.1%	41.9%	-4.7%	0.6%	53	6.4K	-120	0.35	110.41	N/A	N/A	20	7	36	17
2022-07-06	$21.52	$20.00	112.0%	19.4%	47.7%	72.6%	41.7%	12.4%	-48.4%	-22	12.5K	-103	0.64	117.39	N/A	N/A	11	7	34	17
2022-07-07	$22.08	$20.00	96.8%	17.9%	49.3%	60.8%	76.1%	55.5%	-1.6%	-76	11.6K	-100	0.70	122.94	N/A	N/A	10	7	34	17
2022-07-08	$22.24	$20.00	118.3%	20.2%	49.4%	77.5%	41.1%	-4.8%	-6.4%	75	7.1K	-113	0.60	107.31	N/A	N/A	10	6	35	17
2022-07-11	$22.44	$20.00	76.1%	14.6%	49.5%	44.6%	46.4%	14.1%	-15.3%	-54	9.6K	-110	0.64	110.00	N/A	N/A	11	7	35	18
2022-07-12	$22.56	$22.50	53.1%	14.5%	49.6%	26.6%	53.5%	26.0%	-1.9%	-168	11.1K	-114	0.64	112.46	N/A	N/A	11	7	36	19
2022-07-13	$22.53	$22.50	51.8%	14.9%	46.6%	25.6%	50.0%	19.6%	4.5%	-86	8.6K	-122	0.39	119.17	N/A	N/A	18	7	36	19
2022-07-14	$22.29	$22.50	55.7%	16.0%	46.3%	28.6%	54.8%	7.4%	2.1%	178	3.8K	-132	0.39	111.27	N/A	N/A	18	7	43	19
2022-07-15	$22.67	$22.50	55.0%	15.8%	46.2%	28.1%	52.7%	10.8%	-1.3%	152	1.1K	-130	0.39	114.90	N/A	N/A	18	7	43	19
2022-07-18	$22.48	$22.50	66.2%	19.0%	29.2%	36.8%	59.8%	11.1%	-0.4%	187	4.2K	-125	0.35	128.61	N/A	N/A	20	7	19	19
2022-07-19	$23.42	$22.50	75.5%	21.7%	32.6%	44.1%	67.3%	17.6%	-15.9%	269	-4.9K	-160	0.35	112.48	N/A	N/A	20	7	24	19
2022-07-20	$23.89	$22.50	42.3%	12.1%	32.6%	18.2%	53.6%	8.2%	6.0%	520	-9.7K	-148	0.35	108.47	N/A	N/A	20	7	24	19
2022-07-21	$23.72	$22.50	37.2%	10.7%	32.5%	14.2%	33.2%	8.9%	1.1%	599	-7.6K	-139	0.35	96.22	N/A	N/A	20	7	24	19
2022-07-22	$23.46	$22.50	44.9%	12.9%	32.3%	20.2%	42.6%	18.6%	1.3%	583	-9.4K	-148	0.35	114.57	N/A	N/A	20	7	24	19
2022-07-25	$23.34	$22.50	50.3%	14.4%	32.0%	24.4%	44.5%	19.7%	0.5%	563	-8.0K	-141	0.35	110.94	N/A	N/A	20	7	24	19
2022-07-26	$23.53	$22.50	40.5%	11.6%	29.5%	16.8%	41.5%	0.1%	12.5%	583	-5.6K	-134	0.35	108.23	N/A	N/A	20	7	24	19
2022-07-27	$24.36	$22.50	46.2%	13.2%	28.4%	21.2%	54.0%	17.9%	3.3%	603	-11.8K	-151	0.26	107.01	N/A	N/A	27	7	24	19
2022-07-28	$25.10	$22.50	43.6%	12.5%	27.7%	19.1%	66.2%	-1.1%	-9.8%	1.4K	-29.3K	-159	0.26	106.03	N/A	N/A	27	7	31	19
2022-07-29	$25.64	$22.50	45.0%	12.9%	28.1%	20.3%	53.4%	10.2%	-13.2%	1.1K	-36.5K	-155	0.26	107.89	N/A	N/A	27	7	31	19