BHE Options History — August 2023

In August 2023, BHE traded between $25.18 and $26.71. ATM implied volatility averaged 41.9%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 25.4% (HV 20d: 16.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.17.

Notable Days

  • 2023-08-21: Highest Volume — 42 contracts
  • 2023-08-09: Largest IV spike — 48.9% change
  • 2023-08-09: Highest IV Rank — 40.7%
  • 2023-08-09: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.66$25.18$26.71$26.71$25.72
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV41.9%25.3%67.3%50.7%39.4%
Expected Move11.7%7.2%19.3%14.5%11.3%
HV 20d16.5%15.1%18.3%16.5%15.1%
HV 60d21.8%17.9%23.3%22.4%17.9%
IV Rank17.0%1.5%40.7%25.2%14.7%
IV Percentile44.3%1.6%92.5%74.2%39.3%
Term Structure-2.9%-22.3%12.3%-1.9%3.7%
VWIV46.9%32.6%66.9%41.3%32.6%
Skew 25d0.2%-39.6%20.2%-15.2%-28.7%
Skew 10d5.4%-68.8%74.3%58.9%-41.2%
Call IV 25d44.2%27.6%92.0%64.6%92.0%
Put IV 25d44.3%26.3%71.7%49.5%63.3%
Bid-Ask Spread %119.3697.62132.7397.62129.33
Gamma HHI0.390.330.460.420.36
Net GEX1.2K-2.0K5.8K1.9K2.5K
Net DEX-50.3K-112.7K-830-107.5K-78.6K
Net VEX-1.5K-1.7K-1.3K-1.6K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.001.000.000.00
Total Volume4.043042010
Total OI380.304348386372385

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$26.71$25.0050.7%14.5%16.5%25.2%0.0%-15.2%-1.9%1.9K-107.5K-1.6K0.0097.62N/AN/A00171201
2023-08-02$26.36$25.0041.4%11.9%16.9%16.6%41.3%7.8%7.0%3.8K-112.7K-1.4K0.00113.32N/AN/A08171201
2023-08-03$26.50$25.0048.5%12.4%16.6%23.1%0.0%-0.2%-18.2%862-84.0K-1.5K0.00122.85N/AN/A00171209
2023-08-04$26.20$25.0057.0%7.9%17.0%31.1%0.0%0.0%12.3%1.5K-69.9K-1.6K0.00129.12N/AN/A00171209
2023-08-07$26.55$25.0036.3%14.3%16.7%11.8%0.0%16.2%2.4%685-70.8K-1.7K0.00123.93N/AN/A00171209
2023-08-08$26.05$25.0045.2%12.8%18.0%20.1%0.0%9.5%2.4%917-56.4K-1.5K0.00127.89N/AN/A10171209
2023-08-09$25.61$25.0067.3%19.3%18.3%40.7%66.9%0.7%-11.4%1.3K-33.7K-1.7K0.00129.07N/AN/A01171209
2023-08-10$25.34$25.0058.8%16.9%18.0%32.7%0.0%-7.3%7.7%1.8K-2.6K-1.6K0.00132.73N/AN/A110171210
2023-08-11$25.41$25.0040.9%11.7%17.8%16.0%0.0%1.0%8.6%1.0K-16.8K-1.6K0.00124.92N/AN/A00172210
2023-08-14$25.33$25.0048.8%14.0%16.9%23.4%0.0%10.9%-16.5%2.4K-15.1K-1.4K0.67127.23N/AN/A64172210
2023-08-15$25.20$25.0043.7%12.5%16.0%18.7%0.0%7.1%-4.5%2.7K-6.3K-1.4K0.00121.40N/AN/A00169210
2023-08-16$25.23$25.0032.4%9.3%16.1%8.2%32.6%1.7%-6.2%1.7K-11.0K-1.3K0.00110.51N/AN/A50169210
2023-08-17$25.34$25.0027.5%7.9%15.3%3.6%0.0%-18.5%0.7%5.8K-49.3K-1.3K0.00110.94N/AN/A10174210
2023-08-18$25.55$25.0034.2%9.8%15.7%9.8%0.0%11.5%-2.2%-91-80.7K-1.3K1.00112.91N/AN/A11174210
2023-08-21$25.20$25.0035.1%10.1%16.2%10.7%0.0%-7.1%1.5%-620-830-1.3K0.08111.91N/AN/A393149199
2023-08-22$25.34$25.0037.2%10.7%16.4%12.6%0.0%12.1%-14.4%-515-40.3K-1.4K0.00125.76N/AN/A00184202
2023-08-23$25.52$25.0034.9%10.0%16.6%10.5%0.0%-39.6%-0.3%631-59.8K-1.5K0.00113.94N/AN/A00184202
2023-08-24$25.25$25.0025.3%7.2%16.8%1.5%0.0%-10.1%-1.6%-2.0K-46.7K-1.4K0.00106.42N/AN/A00184202
2023-08-25$25.18$25.0030.6%8.8%16.5%6.4%0.0%1.1%8.5%-969-20.4K-1.5K0.00115.93N/AN/A10184202
2023-08-28$25.47$25.0040.7%11.7%16.4%15.9%0.0%14.2%-14.4%1.1K-62.3K-1.4K0.00116.85N/AN/A00183202
2023-08-29$25.56$25.0044.3%12.7%15.6%19.2%0.0%16.8%-22.3%398-50.6K-1.4K0.00116.34N/AN/A10183202
2023-08-30$25.63$25.0044.2%12.7%15.2%19.1%0.0%20.2%-7.4%1.7K-80.2K-1.5K0.00124.47N/AN/A00183202
2023-08-31$25.72$25.0039.4%11.3%15.1%14.7%0.0%-28.7%3.7%2.5K-78.6K-1.4K0.00129.33N/AN/A100183202