BHE Options History — May 2023

In May 2023, BHE traded between $20.89 and $24.09. ATM implied volatility averaged 40.6%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 21.4% (HV 20d: 19.2%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 3.83.

Notable Days

  • 2023-05-08: Highest Volume — 50 contracts
  • 2023-05-31: Largest IV spike — 79.8% change
  • 2023-05-01: Highest IV Rank — 45.6%
  • 2023-05-01: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.10$20.89$24.09$21.76$23.53
Max Pain$20.11$20.00$22.50$22.50$20.00
ATM IV40.6%27.6%72.6%72.6%60.0%
Expected Move11.5%6.3%20.8%20.8%17.2%
HV 20d19.2%16.3%23.3%18.5%23.3%
HV 60d20.8%19.7%22.9%20.4%22.8%
IV Rank15.8%3.7%45.6%45.6%33.8%
IV Percentile34.3%3.6%90.9%90.9%83.7%
Term Structure-2.2%-38.8%26.7%-38.8%-22.3%
VWIV38.1%25.6%84.5%26.0%27.7%
Skew 25d9.5%-26.5%54.2%10.4%20.7%
Skew 10d11.1%-32.3%43.2%19.8%-12.6%
Call IV 25d36.0%20.1%75.1%41.4%44.6%
Put IV 25d45.5%26.2%75.6%51.8%65.4%
Bid-Ask Spread %108.7092.50125.17113.00123.00
Gamma HHI0.970.960.980.960.96
Net GEX-46.2K-60.3K-34.6K-37.8K-53.2K
Net DEX1.0M491.4K1.3M943.9K525.5K
Net VEX-3.8K-4.1K-3.1K-4.1K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.830.0024.000.000.40
Total Volume6.04505040
Total OI1,025.7739821,0549821,054

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$21.76$22.5072.6%20.8%18.5%45.6%26.0%10.4%-38.8%-37.8K943.9K-4.1K0.00113.00N/AN/A4041941
2023-05-02$21.73$20.0050.2%14.4%18.1%24.7%0.0%20.2%-23.4%-34.6K926.0K-4.0K0.00107.43N/AN/A0045941
2023-05-03$21.84$20.0049.9%14.3%16.3%24.5%84.5%-14.2%-4.3%-47.6K1.0M-4.0K10.00100.81N/AN/A11045941
2023-05-04$21.37$20.0030.3%6.3%17.6%6.2%0.0%23.7%4.1%-50.3K1.1M-3.8K0.0093.94N/AN/A0045941
2023-05-05$21.32$20.0032.1%11.6%17.4%7.9%0.0%-11.5%8.8%-42.1K1.1M-3.8K0.00104.89N/AN/A0445941
2023-05-08$20.93$20.0047.3%9.6%17.8%22.0%33.6%7.2%-9.3%-50.3K1.3M-3.4K24.00119.89N/AN/A24845945
2023-05-09$20.89$20.0032.3%10.3%17.3%8.1%0.0%17.1%6.0%-39.4K1.3M-3.8K0.00117.06N/AN/A0047992
2023-05-10$21.19$20.0032.7%9.4%18.5%8.5%0.0%-7.4%1.5%-47.0K1.2M-3.9K0.00108.14N/AN/A0047992
2023-05-11$21.40$20.0044.6%12.8%18.5%19.5%0.0%6.2%-7.4%-39.2K1.1M-4.0K0.00104.95N/AN/A0047992
2023-05-12$21.43$20.0038.5%11.0%18.1%13.9%0.0%41.3%-1.7%-43.6K1.2M-3.9K0.00108.72N/AN/A0047992
2023-05-15$21.46$20.0047.8%13.7%18.1%22.4%0.0%19.6%-14.4%-51.4K1.2M-3.8K0.0092.50N/AN/A0047992
2023-05-16$21.30$20.0037.4%10.7%17.7%12.8%25.6%54.2%-7.2%-43.2K1.2M-3.7K0.00104.85N/AN/A1047992
2023-05-17$21.82$20.0044.0%12.6%19.4%19.0%0.0%19.1%-9.8%-54.7K1.2M-3.8K0.00100.59N/AN/A1047992
2023-05-18$22.22$20.0033.7%9.7%19.8%9.3%0.0%23.1%18.3%-45.9K1.0M-3.9K0.00103.58N/AN/A8048992
2023-05-19$22.29$20.0033.4%9.6%19.7%9.1%31.1%10.0%13.1%-43.2K1.1M-3.9K0.10101.52N/AN/A20252992
2023-05-22$22.66$20.0033.1%9.5%20.4%8.8%0.0%10.0%7.8%-50.5K1.0M-3.9K0.00111.36N/AN/A1047990
2023-05-23$23.04$20.0027.6%7.9%20.0%3.7%0.0%-0.1%26.7%-42.6K882.6K-3.9K0.00109.66N/AN/A0048990
2023-05-24$22.87$20.0040.8%11.7%19.7%15.9%0.0%-5.9%-1.1%-45.9K922.3K-3.9K0.00111.40N/AN/A0048990
2023-05-25$23.37$20.0029.4%8.4%20.7%5.3%0.0%-2.1%16.6%-47.2K839.8K-3.8K0.00107.84N/AN/A0348990
2023-05-26$24.09$20.0042.0%12.0%22.6%17.1%27.7%-5.6%-4.4%-46.4K491.4K-3.1K0.40121.13N/AN/A20848987
2023-05-30$23.72$20.0033.4%9.6%23.0%9.0%0.0%-26.5%-8.1%-60.3K717.7K-3.5K0.00125.17N/AN/A0067987
2023-05-31$23.53$20.0060.0%17.2%23.3%33.8%0.0%20.7%-22.3%-53.2K525.5K-3.2K0.00123.00N/AN/A0067987