BHE Options History — November 2023

In November 2023, BHE traded between $23.75 and $25.69. ATM implied volatility averaged 42.7%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 18.2% (HV 20d: 24.5%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2023-11-09: Highest Volume — 100 contracts
  • 2023-11-27: Largest IV spike — 109.0% change
  • 2023-11-01: Highest IV Rank — 40.7%
  • 2023-11-01: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.83$23.75$25.69$24.44$24.81
Max Pain$21.31$20.00$25.00$22.50$20.00
ATM IV42.7%18.8%67.4%67.4%60.9%
Expected Move11.1%5.4%19.3%19.3%17.5%
HV 20d24.5%19.2%27.6%27.6%19.5%
HV 60d24.9%22.1%25.9%24.5%22.1%
IV Rank19.9%0.0%40.7%40.7%37.5%
IV Percentile46.5%0.0%96.4%96.4%91.3%
Term Structure-2.2%-28.9%28.7%-20.0%-28.9%
VWIV39.4%19.0%71.1%71.1%28.1%
Skew 25d0.7%-25.2%18.7%-25.2%-13.2%
Skew 10d5.6%-8.0%48.9%-0.5%-7.3%
Call IV 25d39.4%30.0%63.1%63.1%59.4%
Put IV 25d40.1%28.4%56.0%37.9%46.2%
Bid-Ask Spread %117.1996.32134.87109.43134.87
Gamma HHI0.550.460.910.530.49
Net GEX1.4K-1.6K5.8K-1.6K344
Net DEX-13.9K-100.1K43.5K33.9K-2.6K
Net VEX-1.0K-1.2K-890-976-931
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.003.000.000.00
Total Volume8.381010000
Total OI277.143206329213318

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$24.44$22.5067.4%19.3%27.6%40.7%0.0%-25.2%-20.0%-1.6K33.9K-9760.00109.43N/AN/A00106107
2023-11-02$24.38$25.0058.0%10.9%27.4%31.9%0.0%0.7%-9.4%-94120.3K-9810.00108.54N/AN/A00106107
2023-11-03$24.55$25.0059.3%12.5%27.5%33.1%0.0%8.1%-3.9%-1.2K24.4K-9800.00113.35N/AN/A00106107
2023-11-06$24.41$25.0067.0%11.2%26.7%40.3%0.0%18.7%-9.9%-1.1K31.2K-9550.00104.05N/AN/A200106107
2023-11-07$24.02$25.0046.7%8.1%27.3%21.5%0.0%0.0%19.8%-67243.5K-9030.0096.32N/AN/A0099107
2023-11-08$23.75$25.0033.7%9.7%27.5%9.3%71.1%13.5%28.7%-62035.8K-8900.00124.87N/AN/A2099107
2023-11-09$23.86$20.0045.6%13.1%27.4%20.4%0.0%-9.0%-1.1%-72332.8K-9060.00112.99N/AN/A1000101107
2023-11-10$24.32$20.0034.3%9.8%26.5%9.9%0.0%12.3%-2.7%93611.9K-1.1K0.00121.40N/AN/A00182107
2023-11-13$24.63$20.0034.7%10.0%25.3%10.3%0.0%-4.7%-4.7%1.1K-14.5K-1.0K0.00108.44N/AN/A00182107
2023-11-14$25.34$20.0018.8%5.4%27.1%0.0%19.0%6.2%-0.8%1.8K-33.7K-1.0K3.00121.04N/AN/A13182107
2023-11-15$25.56$20.0029.1%8.3%25.9%9.2%0.0%-6.3%-0.4%2.2K-28.5K-1.0K0.00121.20N/AN/A300182107
2023-11-16$25.19$20.0028.1%8.1%24.5%8.3%28.1%1.6%7.2%4.7K-44.0K-1.2K0.00111.04N/AN/A200212107
2023-11-17$25.42$20.0029.0%8.3%24.4%9.1%0.0%7.5%19.8%4.7K-100.1K-1.2K0.00124.77N/AN/A00222107
2023-11-20$25.69$20.0027.8%8.0%23.6%8.0%0.0%-4.8%-5.6%2.7K-51.5K-1.1K0.00116.31N/AN/A00212106
2023-11-21$25.34$20.0043.1%12.4%24.5%21.7%0.0%7.0%-7.6%3.2K-51.5K-1.1K0.00117.93N/AN/A00212106
2023-11-22$25.21$20.0034.2%9.8%24.2%13.7%0.0%-2.9%-8.8%-210-4.1K-9680.00119.24N/AN/A00212106
2023-11-24$25.41$20.0019.4%5.5%19.2%0.5%0.0%15.7%20.5%5.8K-76.9K-1.2K0.00118.17N/AN/A00212106
2023-11-27$25.38$20.0040.4%11.6%19.2%19.3%0.0%-4.3%-8.2%4.8K-75.5K-1.1K0.00108.35N/AN/A00212106
2023-11-28$24.97$20.0060.7%17.4%20.0%37.3%0.0%-9.6%-10.7%3.7K-46.8K-1.1K0.00134.82N/AN/A00212106
2023-11-29$24.84$20.0059.3%17.0%19.9%36.1%0.0%2.9%-19.9%1.3K2.9K-9730.00133.78N/AN/A00212106
2023-11-30$24.81$20.0060.9%17.5%19.5%37.5%0.0%-13.2%-28.9%344-2.6K-9310.00134.87N/AN/A00212106