BHE Options History — December 2022

In December 2022, BHE traded between $26.16 and $29.13. ATM implied volatility averaged 48.5%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 24.3% (HV 20d: 24.1%). 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 5 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2022-12-14: Highest Volume — 3 contracts
2022-12-09: Largest IV spike — 126.0% change
2022-12-13: Highest IV Rank — 47.5%
2022-12-28: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.79	$26.16	$29.13	$29.13	$26.61
Max Pain	$24.76	$22.50	$25.00	$25.00	$25.00
ATM IV	48.5%	25.9%	82.4%	42.2%	33.1%
Expected Move	11.9%	7.4%	17.2%	12.1%	9.5%
HV 20d	24.1%	20.0%	28.0%	26.9%	20.0%
HV 60d	32.9%	31.5%	34.5%	34.4%	31.5%
IV Rank	19.9%	1.6%	47.5%	14.9%	7.4%
IV Percentile	44.9%	0.4%	94.4%	32.5%	6.0%
Term Structure	-10.2%	-47.0%	10.2%	-18.2%	-3.9%
VWIV	33.0%	27.9%	38.1%	27.9%	38.1%
Skew 25d	4.6%	-31.1%	21.3%	-31.1%	14.5%
Skew 10d	5.2%	-37.4%	36.5%	-37.4%	8.4%
Call IV 25d	38.6%	22.3%	68.6%	68.6%	28.1%
Put IV 25d	43.2%	27.2%	60.7%	37.5%	42.6%
Bid-Ask Spread %	123.80	114.73	131.70	131.39	119.87
Gamma HHI	0.94	0.90	0.98	0.94	0.96
Net GEX	8.8K	5.0K	13.5K	11.9K	5.0K
Net DEX	-129.7K	-224.1K	-61.2K	-224.1K	-61.2K
Net VEX	-492	-648	-353	-648	-353
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	0.19	0	3	0	0
Total OI	144.143	123	157	153	133

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
2022-12-01	$29.13	$25.00	42.2%	12.1%	26.9%	14.9%	0.0%	-31.1%	-18.2%	11.9K	-224.1K	-648	131.39	N/A	N/A	0	0	150	3
2022-12-02	$28.98	$25.00	42.4%	12.2%	26.7%	15.0%	0.0%	11.8%	2.9%	12.9K	-190.7K	-612	131.70	N/A	N/A	0	0	150	3
2022-12-05	$28.55	$22.50	56.9%	10.8%	27.2%	26.8%	0.0%	3.4%	5.1%	10.9K	-181.1K	-605	123.04	N/A	N/A	0	0	150	3
2022-12-06	$28.02	$22.50	64.8%	12.8%	28.0%	33.2%	0.0%	21.3%	-20.8%	9.0K	-177.7K	-598	123.11	N/A	N/A	0	0	150	3
2022-12-07	$28.15	$25.00	42.7%	8.8%	27.8%	15.3%	0.0%	13.9%	-8.9%	12.3K	-161.1K	-547	118.66	N/A	N/A	0	0	150	4
2022-12-08	$28.28	$25.00	30.0%	12.3%	27.1%	5.0%	0.0%	10.8%	-8.8%	11.2K	-152.3K	-555	114.73	N/A	N/A	0	0	150	4
2022-12-09	$28.21	$25.00	67.9%	12.9%	22.0%	35.7%	27.9%	20.0%	-4.9%	10.7K	-183.9K	-575	130.77	N/A	N/A	1	0	150	4
2022-12-12	$28.30	$25.00	81.3%	11.8%	21.8%	46.6%	0.0%	15.1%	-17.1%	9.8K	-158.5K	-526	124.54	N/A	N/A	0	0	150	4
2022-12-13	$28.78	$25.00	82.4%	10.7%	22.5%	47.5%	0.0%	-4.4%	-8.9%	12.6K	-176.6K	-527	131.60	N/A	N/A	0	0	150	4
2022-12-14	$28.54	$25.00	40.8%	11.7%	22.5%	13.7%	38.1%	1.4%	-16.3%	13.5K	-161.6K	-493	127.07	N/A	N/A	0	3	150	4
2022-12-15	$27.96	$25.00	37.6%	10.8%	23.4%	11.1%	0.0%	1.0%	6.0%	7.6K	-104.7K	-411	119.78	N/A	N/A	0	0	150	7
2022-12-16	$27.98	$25.00	36.9%	10.6%	23.4%	10.5%	0.0%	-8.6%	10.2%	8.1K	-120.2K	-459	125.91	N/A	N/A	0	0	150	7
2022-12-19	$27.34	$25.00	25.9%	7.4%	24.6%	1.6%	0.0%	-14.1%	8.0%	6.6K	-90.7K	-366	116.48	N/A	N/A	0	0	117	6
2022-12-20	$27.49	$25.00	50.4%	14.5%	24.8%	21.5%	0.0%	16.8%	-2.9%	6.8K	-107.3K	-431	117.09	N/A	N/A	0	0	117	6
2022-12-21	$27.60	$25.00	46.5%	13.3%	24.7%	18.3%	0.0%	-0.7%	-7.1%	6.2K	-101.8K	-491	121.83	N/A	N/A	0	0	117	16
2022-12-22	$27.09	$25.00	47.4%	13.6%	24.5%	19.1%	0.0%	13.8%	-27.7%	6.8K	-80.1K	-455	124.06	N/A	N/A	0	0	117	16
2022-12-23	$27.04	$25.00	36.6%	10.5%	22.9%	10.3%	0.0%	10.7%	-7.3%	6.3K	-72.0K	-428	121.50	N/A	N/A	0	0	117	16
2022-12-27	$26.85	$25.00	45.3%	13.0%	20.8%	17.3%	0.0%	18.4%	-26.2%	6.3K	-78.1K	-426	122.28	N/A	N/A	0	0	117	16
2022-12-28	$26.16	$25.00	59.9%	17.2%	22.5%	29.2%	0.0%	9.6%	-19.5%	5.0K	-63.4K	-416	130.59	N/A	N/A	0	0	117	16
2022-12-29	$26.63	$25.00	46.8%	13.4%	22.7%	18.6%	0.0%	-25.9%	-47.0%	5.5K	-76.1K	-417	123.87	N/A	N/A	0	0	117	16
2022-12-30	$26.61	$25.00	33.1%	9.5%	20.0%	7.4%	0.0%	14.5%	-3.9%	5.0K	-61.2K	-353	119.87	N/A	N/A	0	0	117	16