BHE Options History — March 2023

In March 2023, BHE traded between $22.27 and $24.09. ATM implied volatility averaged 52.3%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 29.4% (HV 20d: 23.0%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-10: Highest Volume — 3 contracts
  • 2023-03-13: Largest IV spike — 87.7% change
  • 2023-03-14: Highest IV Rank — 87.0%
  • 2023-03-31: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.26$22.27$24.09$23.79$23.50
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV52.3%34.7%131.0%53.0%59.4%
Expected Move12.6%10.0%17.0%15.2%17.0%
HV 20d23.0%14.0%56.3%56.3%25.7%
HV 60d38.6%38.0%39.2%38.1%39.2%
IV Rank23.3%9.0%87.0%23.8%28.9%
IV Percentile52.6%14.3%99.6%69.8%79.4%
Term Structure-5.8%-33.8%13.9%-16.8%-16.1%
VWIV27.0%27.0%27.0%27.0%27.0%
Skew 25d7.1%-19.7%25.3%-19.7%4.4%
Skew 10d11.2%-50.3%46.6%-50.3%7.8%
Call IV 25d38.0%28.2%69.5%69.5%48.1%
Put IV 25d45.1%32.6%60.2%49.9%52.5%
Bid-Ask Spread %122.13110.39131.41121.30128.63
Gamma HHI0.470.380.660.450.50
Net GEX2.6K4954.6K3.9K1.7K
Net DEX-21.4K-52.5K10.8K-45.0K-13.8K
Net VEX-287-400-178-389-249
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2610300
Total OI148.304129163162131

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$23.79$22.5053.0%15.2%56.3%23.8%0.0%-19.7%-16.8%3.9K-45.0K-3890.00121.30N/AN/A0013923
2023-03-02$23.87$22.5038.0%10.9%55.3%11.6%0.0%-1.1%-7.1%4.2K-50.1K-4000.00127.61N/AN/A0013923
2023-03-03$24.09$22.5036.1%10.3%16.7%10.1%0.0%-8.2%0.6%4.6K-52.5K-3860.00129.36N/AN/A0013923
2023-03-06$23.78$22.5049.0%10.6%14.6%20.5%0.0%6.3%-4.6%4.1K-44.0K-3590.00112.69N/AN/A0013923
2023-03-07$23.88$22.5036.2%10.3%14.4%10.2%0.0%7.7%-0.1%4.0K-42.5K-3520.00113.17N/AN/A0013923
2023-03-08$24.02$22.5044.7%10.6%14.4%17.0%0.0%1.1%1.2%4.1K-44.8K-3500.00118.70N/AN/A0013923
2023-03-09$23.96$22.5048.1%11.1%14.0%19.8%0.0%20.3%0.5%4.5K-51.8K-3750.00110.39N/AN/A0013923
2023-03-10$23.44$22.5059.3%11.9%15.5%28.9%0.0%25.3%1.6%3.6K-34.6K-3380.00120.51N/AN/A3013923
2023-03-13$23.08$22.50111.3%11.3%15.3%71.1%27.0%12.5%-10.1%3.4K-29.6K-2910.00121.00N/AN/A1013923
2023-03-14$23.35$22.50131.0%15.8%15.7%87.0%0.0%17.3%-13.6%3.8K-40.3K-3460.00122.28N/AN/A0014023
2023-03-15$22.63$22.5050.7%14.5%18.3%21.9%0.0%2.7%-14.5%2.6K-12.8K-2590.00123.44N/AN/A0014023
2023-03-16$22.80$22.5041.6%11.9%18.8%14.5%0.0%13.9%1.8%2.8K-14.3K-2590.00119.75N/AN/A0014023
2023-03-17$22.27$22.5037.8%10.8%19.9%11.5%0.0%5.8%13.9%952-589-2350.00121.06N/AN/A0014023
2023-03-20$22.68$22.5038.3%11.0%21.7%11.9%0.0%13.9%-0.5%8624.0K-2140.00112.84N/AN/A1011019
2023-03-21$23.23$22.5055.2%15.8%23.0%25.6%0.0%11.5%-33.8%1.7K-9.2K-2680.00129.19N/AN/A0011119
2023-03-22$23.11$22.5052.6%15.1%22.9%23.5%0.0%19.7%-15.9%1.7K-10.1K-2600.00127.68N/AN/A0011119
2023-03-23$22.61$22.5047.3%13.6%23.8%19.1%0.0%-0.9%-6.5%1.1K-345-2260.00131.41N/AN/A0011119
2023-03-24$22.63$22.5039.9%11.4%23.6%13.1%0.0%22.2%5.5%9244.2K-2020.00125.99N/AN/A0011119
2023-03-27$22.91$22.5047.5%13.6%24.0%19.3%0.0%-4.6%-5.7%963621-2130.00129.39N/AN/A0011119
2023-03-28$22.84$22.5034.7%10.0%24.0%9.0%0.0%2.2%11.9%49510.8K-1780.00126.34N/AN/A0011119
2023-03-29$23.30$22.5053.8%15.4%25.0%24.5%0.0%18.8%-16.5%1.7K-11.3K-2460.00120.99N/AN/A1011119
2023-03-30$23.10$22.5038.4%11.0%25.1%11.9%0.0%-7.1%-9.6%1.2K-4.3K-2120.00115.17N/AN/A0011219
2023-03-31$23.50$22.5059.4%17.0%25.7%28.9%0.0%4.4%-16.1%1.7K-13.8K-2490.00128.63N/AN/A0011219