BHE Options History — September 2023

In September 2023, BHE traded between $23.66 and $26.09. ATM implied volatility averaged 48.0%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 20.8% (HV 20d: 27.3%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.04.

Notable Days

  • 2023-09-21: Highest Volume — 24 contracts
  • 2023-09-07: Largest IV spike — 116.2% change
  • 2023-09-11: Highest IV Rank — 57.3%
  • 2023-09-27: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.17$23.66$26.09$26.09$24.34
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV48.0%31.2%85.2%41.3%42.1%
Expected Move12.4%9.6%15.9%11.8%12.1%
HV 20d27.3%15.6%30.8%15.6%30.8%
HV 60d20.8%16.7%21.8%16.7%21.8%
IV Rank22.7%7.0%57.3%16.4%17.2%
IV Percentile58.7%9.5%97.6%48.0%50.0%
Term Structure-6.7%-32.7%16.3%16.3%12.6%
VWIV42.2%32.9%52.0%32.9%39.2%
Skew 25d2.4%-25.4%38.6%38.6%-2.3%
Skew 10d8.8%-28.2%87.0%87.0%1.1%
Call IV 25d43.6%27.4%64.4%32.3%44.4%
Put IV 25d46.0%26.4%77.0%70.9%42.1%
Bid-Ask Spread %115.40103.78128.10124.26107.15
Gamma HHI0.460.340.720.340.39
Net GEX-2.1K-7.8K3.1K3.1K-456
Net DEX15.4K-117.4K95.6K-117.4K-20.2K
Net VEX-1.4K-1.5K-1.4K-1.4K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.040.000.080.080.00
Total Volume3.102400
Total OI406.2395425395425

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$26.09$25.0041.3%11.8%15.6%16.4%0.0%38.6%16.3%3.1K-117.4K-1.4K0.00124.26N/AN/A00193202
2023-09-05$24.48$25.0035.1%9.6%26.7%10.6%32.9%1.7%-4.7%-714-27.1K-1.5K0.00116.39N/AN/A01193202
2023-09-06$24.09$25.0031.2%12.0%26.5%7.0%0.0%-23.4%-27.7%-3.4K46.9K-1.5K0.00120.32N/AN/A00193203
2023-09-07$23.66$25.0067.5%13.1%26.6%40.8%52.0%4.2%7.4%-4.0K83.5K-1.5K0.00128.10N/AN/A01193203
2023-09-08$23.66$25.0064.8%9.9%26.5%38.3%0.0%5.6%-11.4%-7.8K95.6K-1.4K0.08122.88N/AN/A121193204
2023-09-11$23.74$25.0085.2%12.5%26.5%57.3%0.0%17.0%-6.6%-3.4K27.9K-1.5K0.00108.13N/AN/A00193202
2023-09-12$23.92$25.0057.9%12.7%26.8%31.9%0.0%-0.5%-16.5%-1.8K34.8K-1.5K0.00103.78N/AN/A00193202
2023-09-13$23.76$25.0038.9%11.1%26.8%14.2%0.0%26.1%-0.7%-1.8K27.4K-1.4K0.00105.94N/AN/A00193202
2023-09-14$24.30$25.0036.8%10.6%28.3%12.3%44.5%28.1%8.9%-2.9K25.5K-1.4K0.00110.31N/AN/A230193202
2023-09-15$24.29$25.0041.4%11.9%28.2%16.5%0.0%31.2%-26.4%-2.5K31.6K-1.5K0.00117.17N/AN/A00209202
2023-09-18$24.11$25.0045.9%13.2%28.0%20.7%0.0%-25.1%-28.4%-2.6K33.6K-1.4K0.00119.47N/AN/A00202199
2023-09-19$24.07$25.0044.8%12.8%27.7%19.7%0.0%-2.9%13.8%-164-10.8K-1.4K0.00113.87N/AN/A00202199
2023-09-20$23.77$25.0047.8%13.7%27.8%22.5%0.0%21.5%-1.0%-71-17.8K-1.4K0.00124.17N/AN/A00202199
2023-09-21$24.17$25.0045.1%12.9%28.4%20.0%39.2%-2.8%-26.3%-517-18.4K-1.4K0.00110.22N/AN/A024202199
2023-09-22$24.30$25.0045.8%13.1%28.4%20.6%0.0%-25.4%-21.2%-4.6K50.3K-1.5K0.00104.31N/AN/A00202223
2023-09-25$24.11$25.0053.5%15.3%28.5%27.8%0.0%-9.6%-2.8%-1.7K17.5K-1.5K0.00112.44N/AN/A00202223
2023-09-26$23.80$25.0036.6%10.5%28.2%12.1%0.0%-3.6%5.8%-5.4K64.1K-1.4K0.00113.88N/AN/A00202223
2023-09-27$24.00$25.0055.3%15.9%28.5%29.5%0.0%-7.9%-32.7%-1.7K3.4K-1.5K0.00119.23N/AN/A00202223
2023-09-28$24.69$25.0043.5%12.5%30.5%18.5%0.0%-23.4%7.5%-551-23.2K-1.4K0.00126.01N/AN/A00202223
2023-09-29$24.34$25.0042.1%12.1%30.8%17.2%0.0%-2.3%12.6%-456-20.2K-1.4K0.00107.15N/AN/A00202223