BHE Options History — March 2024

In March 2024, BHE traded between $28.59 and $31.09. ATM implied volatility averaged 39.0%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 9.7% (HV 20d: 29.3%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.32.

Notable Days

2024-03-08: Highest Volume — 43 contracts
2024-03-11: Largest IV spike — 129.8% change
2024-03-12: Highest IV Rank — 62.1%
2024-03-27: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.93	$28.59	$31.09	$31.09	$29.91
Max Pain	$25.25	$25.00	$30.00	$30.00	$25.00
ATM IV	39.0%	24.9%	88.5%	26.0%	27.7%
Expected Move	9.2%	7.1%	13.4%	7.5%	7.9%
HV 20d	29.3%	21.7%	40.2%	40.2%	24.2%
HV 60d	34.3%	33.8%	34.9%	34.2%	34.6%
IV Rank	21.3%	6.4%	62.1%	6.4%	12.8%
IV Percentile	34.4%	2.8%	99.2%	5.6%	10.7%
Term Structure	4.4%	-9.2%	17.7%	17.7%	9.5%
VWIV	29.1%	26.1%	32.8%	26.1%	27.7%
Skew 25d	13.7%	-13.0%	63.8%	-6.5%	3.3%
Skew 10d	19.4%	-6.4%	81.5%	2.8%	5.1%
Call IV 25d	31.9%	26.0%	52.0%	33.4%	33.8%
Put IV 25d	45.5%	26.8%	101.1%	26.8%	37.1%
Bid-Ask Spread %	110.20	99.93	119.17	108.94	112.28
Gamma HHI	0.65	0.44	0.92	0.86	0.68
Net GEX	6.4K	-1.6K	14.5K	7.0K	14.5K
Net DEX	-273.3K	-382.3K	-175.0K	-382.3K	-319.2K
Net VEX	-679	-837	-451	-562	-824
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.00	1.25	1.25	0.00
Total Volume	10.25	0	43	9	19
Total OI	279.9	240	331	278	280

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-03-01	$31.09	$30.00	26.0%	7.5%	40.2%	6.4%	26.1%	-6.5%	17.7%	7.0K	-382.3K	-562	1.25	108.94	N/A	N/A	4	5	170	108
2024-03-04	$30.71	$25.00	35.2%	10.7%	38.4%	14.6%	0.0%	5.3%	-7.3%	6.1K	-353.8K	-512	0.00	107.45	N/A	N/A	0	1	166	113
2024-03-05	$30.60	$25.00	59.9%	8.2%	37.7%	36.6%	0.0%	5.5%	-0.0%	6.1K	-345.7K	-518	0.00	99.93	N/A	N/A	0	0	166	114
2024-03-06	$30.81	$25.00	46.6%	9.9%	36.5%	24.7%	0.0%	10.6%	5.5%	5.6K	-361.1K	-503	0.00	104.54	N/A	N/A	0	0	166	114
2024-03-07	$31.00	$25.00	35.0%	10.2%	35.2%	14.4%	0.0%	8.5%	1.6%	6.0K	-372.5K	-451	0.00	104.12	N/A	N/A	10	0	166	114
2024-03-08	$30.95	$25.00	34.4%	9.3%	34.2%	13.9%	0.0%	-13.0%	13.9%	3.1K	-329.2K	-513	1.05	108.81	N/A	N/A	21	22	156	114
2024-03-11	$30.05	$25.00	79.2%	11.7%	35.0%	53.8%	0.0%	0.5%	-9.2%	-1.6K	-203.4K	-665	0.00	108.42	N/A	N/A	10	0	143	136
2024-03-12	$30.28	$25.00	88.5%	9.7%	34.3%	62.1%	32.8%	42.2%	2.9%	-322	-219.9K	-645	0.00	108.53	N/A	N/A	22	0	153	136
2024-03-13	$30.41	$25.00	36.1%	10.4%	26.4%	15.4%	0.0%	4.8%	-7.0%	1.8K	-287.7K	-740	0.00	109.67	N/A	N/A	0	1	174	136
2024-03-14	$29.54	$25.00	28.6%	8.2%	26.5%	8.7%	28.4%	1.8%	16.9%	-13	-183.6K	-724	0.73	114.93	N/A	N/A	15	11	174	137
2024-03-15	$29.73	$25.00	31.5%	9.0%	25.7%	18.2%	31.5%	8.9%	-1.0%	-1.4K	-175.0K	-813	0.82	109.69	N/A	N/A	11	9	189	142
2024-03-18	$29.25	$25.00	26.7%	7.7%	26.3%	11.3%	29.0%	4.2%	11.3%	7.0K	-212.2K	-707	0.00	110.60	N/A	N/A	11	0	177	63
2024-03-19	$29.19	$25.00	24.9%	7.1%	21.7%	8.7%	0.0%	56.5%	7.8%	8.2K	-204.9K	-689	0.00	114.37	N/A	N/A	0	0	184	63
2024-03-20	$28.59	$25.00	29.3%	8.4%	22.5%	15.1%	28.1%	11.8%	10.0%	7.3K	-181.2K	-735	0.00	108.80	N/A	N/A	31	0	184	63
2024-03-21	$29.24	$25.00	26.9%	7.7%	24.0%	11.6%	0.0%	1.1%	0.4%	12.4K	-249.0K	-796	0.00	113.17	N/A	N/A	0	0	215	63
2024-03-22	$28.89	$25.00	27.5%	7.9%	24.3%	12.5%	0.0%	3.1%	6.5%	12.7K	-258.8K	-793	0.00	119.17	N/A	N/A	1	0	216	63
2024-03-25	$29.05	$25.00	25.5%	7.3%	24.2%	9.6%	0.0%	63.8%	12.1%	11.9K	-235.7K	-753	0.00	112.01	N/A	N/A	1	0	217	63
2024-03-26	$29.19	$25.00	44.1%	12.6%	23.4%	36.2%	0.0%	3.1%	4.2%	9.4K	-292.1K	-837	0.00	114.40	N/A	N/A	0	0	217	63
2024-03-27	$30.02	$25.00	46.6%	13.4%	25.4%	39.9%	0.0%	58.1%	-8.5%	13.1K	-298.7K	-807	0.00	114.12	N/A	N/A	0	0	217	63
2024-03-28	$29.91	$25.00	27.7%	7.9%	24.2%	12.8%	27.7%	3.3%	9.5%	14.5K	-319.2K	-824	0.00	112.28	N/A	N/A	19	0	217	63