BHE Options History — April 2023

In April 2023, BHE traded between $21.09 and $23.65. ATM implied volatility averaged 44.8%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 22.3% (HV 20d: 22.6%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 46.08.

Notable Days

  • 2023-04-19: Highest Volume — 280 contracts
  • 2023-04-20: Largest IV spike — 51.4% change
  • 2023-04-04: Highest IV Rank — 32.8%
  • 2023-04-04: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.28$21.09$23.65$23.65$21.29
Max Pain$22.76$22.50$25.00$22.50$22.50
ATM IV44.8%30.3%64.2%55.2%40.6%
Expected Move12.7%8.7%18.4%15.8%11.6%
HV 20d22.6%17.5%27.1%25.5%17.7%
HV 60d38.3%36.2%39.2%39.2%36.2%
IV Rank18.3%6.1%32.8%25.6%15.8%
IV Percentile45.7%6.0%85.7%75.0%35.3%
Term Structure-5.9%-23.3%9.7%-10.7%-7.5%
VWIV36.4%25.4%53.6%35.8%30.8%
Skew 25d6.0%-13.5%30.2%30.2%11.6%
Skew 10d12.6%-7.1%66.7%66.7%23.8%
Call IV 25d39.5%22.1%63.0%39.5%35.8%
Put IV 25d45.5%30.4%69.7%69.7%47.4%
Bid-Ask Spread %118.0899.74134.01127.08109.12
Gamma HHI0.640.320.980.420.97
Net GEX-12.3K-40.8K1.5K1.2K-40.8K
Net DEX326.1K-11.4K1.1M-11.4K1.0M
Net VEX-1.3K-4.0K-155-228-4.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio46.080.00212.000.000.00
Total Volume49.526028005
Total OI381.895131977131977

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$23.65$22.5055.2%15.8%25.5%25.6%0.0%30.2%-10.7%1.2K-11.4K-2280.00127.08N/AN/A0011219
2023-04-04$23.03$22.5064.2%18.4%27.0%32.8%0.0%21.8%-23.3%1.5K-7.1K-2300.00128.42N/AN/A0011219
2023-04-05$22.89$22.5058.4%16.7%26.9%28.1%0.0%7.0%-7.9%905-1.7K-2030.00123.12N/AN/A0011219
2023-04-06$22.63$25.0035.5%14.0%27.1%9.6%0.0%11.3%-6.8%32410.5K-1700.00127.34N/AN/A2011219
2023-04-10$22.80$25.0051.9%11.1%26.4%22.9%35.8%8.6%-7.7%7373.4K-1790.50130.44N/AN/A2111219
2023-04-11$22.96$22.5054.7%12.2%26.0%25.1%0.0%4.9%7.5%8521.6K-1870.00117.76N/AN/A0011220
2023-04-12$22.80$22.5044.9%12.9%25.7%17.2%0.0%-13.5%-13.1%1.1K-3.9K-2040.00129.18N/AN/A0011220
2023-04-13$23.03$22.5042.1%12.1%23.3%14.9%0.0%-3.1%-15.3%6883.0K-1780.00119.39N/AN/A0111220
2023-04-14$22.69$22.5038.1%10.9%23.8%11.7%0.0%-1.6%-7.4%-73816.2K-1550.00134.01N/AN/A0011221
2023-04-17$22.65$22.5043.7%12.5%22.2%18.7%0.0%7.7%-11.7%20412.6K-1600.00119.93N/AN/A0011221
2023-04-18$22.32$22.5030.3%8.7%21.9%6.1%30.9%15.7%9.0%-3469.5K-16164.00124.74N/AN/A16411221
2023-04-19$21.99$22.5030.8%8.8%20.3%6.6%0.0%8.2%5.4%-2.5K80.2K-4360.00114.01N/AN/A028011386
2023-04-20$21.70$22.5046.6%13.4%20.6%21.4%25.4%6.2%-19.3%-20.6K473.2K-1.5K212.00112.60N/AN/A1212113366
2023-04-21$21.62$22.5036.6%10.5%19.4%12.1%0.0%-9.1%-1.3%-29.3K664.6K-2.6K0.0099.74N/AN/A0207114597
2023-04-24$21.62$22.5045.8%13.1%19.4%20.6%41.8%-7.6%9.7%-32.4K942.1K-3.4K0.00103.53N/AN/A10026801
2023-04-25$21.31$22.5048.6%13.9%19.1%23.2%53.6%5.3%-5.7%-38.0K924.4K-3.3K0.00112.34N/AN/A01136801
2023-04-26$21.09$22.5037.8%10.8%19.2%13.2%30.8%1.4%7.0%-37.6K1.0M-3.2K0.00100.22N/AN/A010436803
2023-04-27$21.23$22.5046.3%13.3%17.5%21.1%0.0%8.3%-12.7%-39.7K1.1M-3.8K0.00110.59N/AN/A04036901
2023-04-28$21.29$22.5040.6%11.6%17.7%15.8%0.0%11.6%-7.5%-40.8K1.0M-4.0K0.00109.12N/AN/A5036941