BHE Options History — February 2023

In February 2023, BHE traded between $23.63 and $28.67. ATM implied volatility averaged 38.1%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 20.5% (HV 20d: 58.7%). Max pain ranged from $20.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.25.

Notable Days

  • 2023-02-02: Highest Volume — 102 contracts
  • 2023-02-28: Largest IV spike — 74.8% change
  • 2023-02-07: Highest IV Rank — 26.9%
  • 2023-02-28: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.92$23.63$28.67$28.67$23.63
Max Pain$22.50$20.00$30.00$30.00$22.50
ATM IV38.1%26.0%56.9%36.4%55.0%
Expected Move10.4%7.5%15.8%10.4%15.8%
HV 20d58.7%28.7%62.4%28.7%58.0%
HV 60d38.7%25.6%40.4%25.6%38.5%
IV Rank11.7%1.9%26.9%10.3%25.4%
IV Percentile24.5%2.4%75.4%15.9%73.4%
Term Structure1.3%-17.3%14.6%7.1%-16.4%
VWIV39.1%29.4%86.6%86.6%33.6%
Skew 25d3.6%-22.1%37.0%37.0%-0.5%
Skew 10d9.5%-33.3%51.8%51.8%-2.2%
Call IV 25d37.0%29.3%49.3%30.7%49.3%
Put IV 25d40.6%26.4%67.7%67.7%48.8%
Bid-Ask Spread %115.8299.80129.44117.35119.91
Gamma HHI0.520.420.820.820.43
Net GEX5.2K3088.2K2.2K3.3K
Net DEX-91.7K-138.7K-4.5K-58.4K-36.1K
Net VEX-438-568-234-331-356
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.001.500.110.00
Total Volume10.78901021017
Total OI144.8956717167145

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$28.67$30.0036.4%10.4%28.7%10.3%86.6%37.0%7.1%2.2K-58.4K-3310.00117.35N/AN/A0104918
2023-02-02$24.66$30.0032.2%8.3%61.8%6.9%29.4%3.5%2.8%308-4.5K-2340.11115.13N/AN/A92104924
2023-02-03$25.23$20.0036.7%10.2%62.4%10.5%36.2%-6.6%13.1%5.8K-138.7K-5680.13103.12N/AN/A15213431
2023-02-06$24.93$20.0044.5%8.9%61.3%16.9%30.1%3.6%1.8%5.7K-111.3K-5020.00111.54N/AN/A18013433
2023-02-07$25.05$20.0056.9%11.2%60.9%26.9%42.1%7.7%-4.4%5.9K-128.3K-5180.00109.17N/AN/A3013533
2023-02-08$24.77$20.0026.0%7.5%60.4%1.9%32.2%-13.1%14.6%6.6K-122.8K-5241.0099.80N/AN/A1113633
2023-02-09$24.91$20.0044.7%12.8%60.5%17.1%0.0%3.1%-7.7%6.6K-123.2K-5200.00110.49N/AN/A0013734
2023-02-10$25.16$20.0033.6%9.6%60.5%8.0%38.8%5.1%3.0%7.6K-132.4K-5080.07111.11N/AN/A14113734
2023-02-13$25.37$22.5040.2%11.5%60.5%13.4%0.0%12.8%-13.4%5.9K-135.2K-4950.00118.35N/AN/A0013335
2023-02-14$25.13$22.5033.0%9.5%60.6%7.6%35.5%15.5%4.5%5.8K-118.8K-4750.00115.84N/AN/A4013335
2023-02-15$25.13$22.5030.6%8.8%60.5%5.6%30.6%19.7%4.8%7.6K-126.3K-4790.00117.51N/AN/A2013135
2023-02-16$25.02$22.5038.8%11.1%60.5%12.2%0.0%3.3%2.2%6.5K-126.1K-4710.00121.82N/AN/A0013135
2023-02-17$24.95$22.5042.1%12.1%60.5%14.9%0.0%-11.7%-17.3%8.2K-112.7K-4370.50120.57N/AN/A4213135
2023-02-21$24.41$22.5032.1%9.2%60.7%6.8%0.0%-22.1%10.4%4.3K-66.8K-4250.00117.30N/AN/A1010320
2023-02-22$24.25$22.5038.7%11.1%60.4%12.2%0.0%-1.1%4.9%3.7K-60.2K-4140.00118.71N/AN/A0010420
2023-02-23$24.35$22.5029.5%8.5%60.3%4.7%34.7%4.8%13.3%4.5K-56.3K-3920.00123.26N/AN/A0110420
2023-02-24$24.04$22.5041.9%12.0%58.1%14.8%33.6%7.9%0.1%4.0K-41.7K-3420.00129.44N/AN/A2010420
2023-02-27$23.80$22.5031.4%9.0%58.0%6.3%0.0%-0.5%2.2%4.1K-42.0K-3361.50120.20N/AN/A2310820
2023-02-28$23.63$22.5055.0%15.8%58.0%25.4%0.0%-0.5%-16.4%3.3K-36.1K-3560.00119.91N/AN/A17012223