BHE Options History — September 2022

In September 2022, BHE traded between $24.68 and $26.79. ATM implied volatility averaged 57.1%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 8.0% (HV 20d: 49.1%). 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 0.32.

Notable Days

2022-09-28: Highest Volume — 73 contracts
2022-09-09: Largest IV spike — 110.4% change
2022-09-12: Highest IV Rank — 72.9%
2022-09-30: Largest Expected Move — 21.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.75	$24.68	$26.79	$26.49	$24.97
Max Pain	$22.74	$22.50	$25.00	$25.00	$22.50
ATM IV	57.1%	31.9%	112.4%	51.9%	75.7%
Expected Move	14.1%	9.1%	21.7%	14.9%	21.7%
HV 20d	49.1%	28.0%	71.9%	71.7%	30.8%
HV 60d	48.9%	46.7%	52.5%	52.5%	47.1%
IV Rank	29.0%	6.7%	72.9%	25.6%	42.1%
IV Percentile	56.2%	6.7%	99.2%	65.5%	93.7%
Term Structure	-10.4%	-49.0%	27.7%	-17.0%	-31.4%
VWIV	46.7%	31.9%	62.0%	51.2%	62.0%
Skew 25d	5.7%	-29.4%	34.7%	-29.4%	9.7%
Skew 10d	11.8%	-18.2%	36.2%	-11.0%	1.3%
Call IV 25d	40.2%	27.8%	69.5%	69.5%	48.7%
Put IV 25d	45.9%	32.9%	64.3%	40.2%	58.4%
Bid-Ask Spread %	125.67	111.32	139.43	124.50	128.72
Gamma HHI	0.43	0.35	0.58	0.42	0.44
Net GEX	1.5K	615	3.0K	1.2K	2.4K
Net DEX	-40.9K	-73.2K	-27.9K	-36.4K	-73.2K
Net VEX	-199	-324	-138	-173	-324
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.00	2.00	0.00	0.24
Total Volume	24.429	0	73	0	73
Total OI	63.667	51	92	52	92

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-09-01	$26.49	$25.00	51.9%	14.9%	71.7%	25.6%	0.0%	-29.4%	-17.0%	1.2K	-36.4K	-173	0.00	124.50	N/A	N/A	0	0	36	16
2022-09-02	$26.36	$25.00	56.1%	16.1%	71.7%	28.9%	0.0%	-15.8%	-49.0%	1.1K	-37.5K	-166	0.00	139.43	N/A	N/A	1	0	36	16
2022-09-06	$26.00	$22.50	106.6%	16.2%	71.9%	68.4%	51.2%	17.5%	-9.2%	757	-31.7K	-191	0.29	126.71	N/A	N/A	24	7	37	18
2022-09-07	$26.44	$22.50	63.7%	17.6%	71.6%	34.9%	42.5%	17.7%	-16.6%	998	-35.9K	-181	0.29	124.60	N/A	N/A	24	7	37	18
2022-09-08	$26.14	$22.50	36.6%	14.0%	70.9%	13.7%	36.8%	34.7%	-12.6%	1.3K	-33.7K	-142	0.00	126.18	N/A	N/A	14	0	37	18
2022-09-09	$26.70	$22.50	77.0%	17.2%	71.3%	45.3%	0.0%	-3.9%	-34.1%	682	-37.6K	-198	0.00	136.80	N/A	N/A	0	0	37	18
2022-09-12	$26.79	$22.50	112.4%	16.9%	70.9%	72.9%	0.0%	25.3%	-11.0%	815	-39.6K	-182	0.00	136.05	N/A	N/A	0	0	37	18
2022-09-13	$25.94	$22.50	104.2%	13.8%	71.7%	66.5%	55.5%	4.9%	-21.6%	615	-35.2K	-161	0.23	126.98	N/A	N/A	31	7	37	18
2022-09-14	$26.22	$22.50	50.8%	14.6%	71.6%	24.8%	0.0%	9.7%	-19.1%	786	-32.3K	-169	0.00	131.58	N/A	N/A	0	0	38	18
2022-09-15	$25.33	$22.50	45.8%	13.1%	49.1%	20.9%	0.0%	0.1%	7.7%	746	-27.9K	-174	0.00	135.05	N/A	N/A	0	0	38	18
2022-09-16	$25.67	$22.50	61.6%	17.6%	31.0%	33.2%	51.7%	11.3%	-7.8%	850	-29.1K	-173	0.23	132.92	N/A	N/A	31	7	38	18
2022-09-19	$26.11	$22.50	33.8%	9.7%	31.7%	11.5%	31.9%	-11.3%	27.7%	1.2K	-37.2K	-140	2.00	123.94	N/A	N/A	5	10	36	15
2022-09-20	$25.76	$22.50	31.9%	9.1%	31.7%	10.0%	0.0%	3.7%	1.6%	2.0K	-42.1K	-138	0.00	115.76	N/A	N/A	10	0	41	14
2022-09-21	$25.80	$22.50	42.1%	12.1%	31.8%	18.0%	46.7%	-4.6%	-3.3%	1.9K	-47.5K	-236	0.00	114.18	N/A	N/A	10	0	51	14
2022-09-22	$25.47	$22.50	40.9%	11.7%	31.7%	17.1%	0.0%	17.7%	-14.4%	2.1K	-48.1K	-241	0.00	121.08	N/A	N/A	0	0	58	14
2022-09-23	$24.77	$22.50	40.1%	11.5%	29.4%	16.4%	0.0%	6.1%	-6.1%	2.1K	-38.9K	-220	0.00	115.50	N/A	N/A	0	0	58	14
2022-09-26	$24.73	$22.50	34.1%	9.8%	28.1%	8.2%	52.0%	18.5%	0.3%	2.0K	-36.4K	-208	0.36	111.32	N/A	N/A	39	14	58	14
2022-09-27	$24.68	$22.50	32.1%	9.2%	28.0%	6.7%	36.0%	-3.6%	0.9%	2.2K	-31.6K	-184	0.36	116.28	N/A	N/A	39	14	58	14
2022-09-28	$25.54	$22.50	48.1%	13.8%	31.5%	19.6%	49.2%	4.5%	-11.4%	3.0K	-70.0K	-304	0.24	124.61	N/A	N/A	59	14	78	14
2022-09-29	$24.74	$22.50	54.2%	15.5%	33.0%	24.6%	44.3%	7.1%	7.5%	2.5K	-57.4K	-274	0.24	126.91	N/A	N/A	59	14	78	14
2022-09-30	$24.97	$22.50	75.7%	21.7%	30.8%	42.1%	62.0%	9.7%	-31.4%	2.4K	-73.2K	-324	0.24	128.72	N/A	N/A	59	14	78	14