BHE Options History — July 2023

In July 2023, BHE traded between $25.50 and $27.19. ATM implied volatility averaged 39.6%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 22.1% (HV 20d: 17.5%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 4.14.

Notable Days

  • 2023-07-25: Highest Volume — 60 contracts
  • 2023-07-06: Largest IV drop — 58.9% change
  • 2023-07-05: Highest IV Rank — 36.8%
  • 2023-07-05: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.39$25.50$27.19$25.93$26.38
Max Pain$24.25$22.50$25.00$25.00$25.00
ATM IV39.6%25.9%63.2%48.4%48.9%
Expected Move11.8%8.2%18.1%13.9%14.0%
HV 20d17.5%15.4%24.2%24.2%16.0%
HV 60d23.1%22.7%23.5%23.4%22.9%
IV Rank14.8%2.1%36.8%23.1%23.5%
IV Percentile36.7%2.4%86.5%63.9%70.2%
Term Structure-0.4%-15.3%25.2%3.5%-9.8%
VWIV39.0%32.4%51.1%51.1%32.4%
Skew 25d4.9%-15.3%37.2%37.2%-10.6%
Skew 10d7.4%-46.5%82.5%63.7%82.5%
Call IV 25d39.3%19.3%75.9%30.3%75.9%
Put IV 25d44.2%34.0%67.5%67.5%65.3%
Bid-Ask Spread %111.0187.26120.62120.62102.58
Gamma HHI0.540.340.820.810.42
Net GEX-8.9K-43.1K2.5K-43.1K906
Net DEX-58.1K-159.2K247.7K59.5K-70.8K
Net VEX-1.5K-2.0K-1.0K-1.6K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.140.0039.002.061.00
Total Volume9.0506020
Total OI921.73101,2121,108372

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$25.93$25.0048.4%13.9%24.2%23.1%51.1%37.2%3.5%-43.1K59.5K-1.6K0.00120.62N/AN/A02120988
2023-07-05$25.70$25.0063.2%18.1%22.0%36.8%0.0%21.7%-14.3%-42.6K247.7K-2.0K0.00120.18N/AN/A02120990
2023-07-06$25.50$22.5025.9%10.9%21.6%2.1%0.0%1.1%-0.3%-6.8K-84.2K-1.0K0.00112.97N/AN/A00120990
2023-07-07$25.73$22.5036.5%11.9%18.1%12.0%0.0%10.3%-9.6%-23.2K-38.5K-1.2K2.06113.40N/AN/A1837120990
2023-07-10$26.16$22.5031.0%11.8%17.9%6.8%0.0%-5.9%2.7%-2.7K-87.3K-1.4K0.00111.54N/AN/A001381,027
2023-07-11$26.27$22.5040.4%12.2%17.4%15.6%0.0%24.3%-0.3%-7.6K-108.1K-1.4K0.00112.06N/AN/A001381,027
2023-07-12$26.60$22.5049.3%14.1%16.6%23.9%0.0%17.3%-15.3%-19.0K-45.4K-1.6K0.00116.25N/AN/A301381,027
2023-07-13$26.86$22.5040.9%11.7%16.5%16.0%41.6%17.3%-8.4%-752-159.2K-1.1K1.50113.46N/AN/A231401,027
2023-07-14$26.55$25.0039.4%11.3%16.4%14.7%35.3%-5.5%-6.8%-3.7K-126.3K-1.3K39.00113.54N/AN/A1391411,030
2023-07-17$26.88$25.0034.5%9.9%16.6%10.1%34.5%3.9%10.9%-1.2K-115.9K-1.5K2.00109.43N/AN/A121421,069
2023-07-18$27.19$25.0037.6%10.8%16.9%13.0%0.0%10.1%10.5%-8.2K-108.8K-1.5K0.00108.10N/AN/A101411,070
2023-07-19$27.15$25.0041.6%11.9%16.5%16.7%0.0%-7.2%-5.1%-1.1K-119.1K-1.5K0.00106.70N/AN/A101411,070
2023-07-20$26.65$25.0028.7%8.2%18.2%4.7%0.0%-15.3%25.2%-22.7K17.3K-1.6K0.00112.56N/AN/A001421,070
2023-07-21$26.44$25.0038.0%10.9%16.9%13.3%0.0%10.8%-7.3%-1.1K-109.1K-1.5K0.00115.23N/AN/A501421,070
2023-07-24$26.42$25.0036.3%10.4%15.8%11.8%0.0%-11.9%-1.7%-1.2K-61.3K-1.4K0.00115.37N/AN/A20110200
2023-07-25$26.44$25.0033.7%9.7%15.7%9.4%0.0%3.9%23.6%-1.3K-31.3K-1.5K0.0087.26N/AN/A600111200
2023-07-26$26.55$25.0033.6%9.6%15.4%9.2%0.0%-7.8%10.5%2.3K-102.7K-1.6K0.00105.63N/AN/A00171200
2023-07-27$26.35$25.0044.9%12.9%15.6%19.7%0.0%-3.6%-14.9%2.4K-90.6K-1.6K0.00109.43N/AN/A00171200
2023-07-28$26.06$25.0039.0%11.2%15.5%14.3%32.4%7.8%-0.2%2.5K-27.4K-1.7K1.00113.97N/AN/A11171200
2023-07-31$26.38$25.0048.9%14.0%16.0%23.5%0.0%-10.6%-9.8%906-70.8K-1.7K0.00102.58N/AN/A00171201