BHE Options History — May 2024

In May 2024, BHE traded between $30.30 and $44.44. ATM implied volatility averaged 34.2%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 23.2% (HV 20d: 57.4%). Max pain ranged from $25.00 to $40.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.66.

Notable Days

  • 2024-05-07: Highest Volume — 145 contracts
  • 2024-05-13: Largest IV spike — 98.1% change
  • 2024-05-01: Highest IV Rank — 76.8%
  • 2024-05-01: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.48$30.30$44.44$30.30$43.12
Max Pain$34.09$25.00$40.00$25.00$40.00
ATM IV34.2%22.0%72.4%72.4%27.2%
Expected Move8.5%4.9%20.7%20.7%7.8%
HV 20d57.4%25.4%63.5%26.6%25.4%
HV 60d41.4%29.6%44.5%29.6%41.5%
IV Rank22.1%4.6%76.8%76.8%12.0%
IV Percentile27.9%1.6%97.2%97.2%10.7%
Term Structure-5.1%-41.9%12.5%-41.9%-0.8%
VWIV28.4%20.9%36.1%34.7%23.7%
Skew 25d-0.7%-15.8%10.5%5.1%-8.6%
Skew 10d5.6%-25.6%88.5%10.2%-4.4%
Call IV 25d29.0%16.0%58.4%58.4%32.9%
Put IV 25d28.3%19.6%63.5%63.5%24.3%
Bid-Ask Spread %112.5597.68124.23108.78112.01
Gamma HHI0.600.410.820.680.53
Net GEX13.7K-13.1K39.0K-13.1K15.6K
Net DEX-775.2K-1.1M50.2K50.2K-768.2K
Net VEX-1.0K-1.7K-632-1.7K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.003.000.002.83
Total Volume22.4550145823
Total OI499.5399590399505

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$30.30$25.0072.4%20.7%26.6%76.8%0.0%5.1%-41.9%-13.1K50.2K-1.7K0.00108.78N/AN/A80169230
2024-05-02$35.57$25.0033.4%9.6%62.1%21.0%34.7%-15.8%-8.4%2.3K-426.8K-1.0K0.58124.23N/AN/A4325173230
2024-05-03$36.32$30.0029.9%8.6%62.3%15.8%0.0%10.0%-5.9%6.5K-486.8K-8570.00113.62N/AN/A20178237
2024-05-06$38.05$30.0022.0%7.1%63.5%4.6%24.7%3.2%1.1%6.0K-561.6K-7390.5097.68N/AN/A21179237
2024-05-07$39.27$30.0029.2%4.9%63.5%15.0%22.8%7.5%12.5%5.5K-618.6K-6320.16112.92N/AN/A12520181238
2024-05-08$39.81$30.0042.1%5.0%60.8%33.4%29.5%5.3%8.6%19.7K-840.1K-1.2K3.00111.79N/AN/A13301258
2024-05-09$39.74$30.0023.7%7.7%61.0%7.0%26.8%-4.4%-6.8%38.4K-833.9K-1.0K0.26115.42N/AN/A195300257
2024-05-10$39.88$30.0027.7%8.0%60.9%12.7%0.0%-5.2%-13.6%39.0K-873.2K-1.1K0.06116.03N/AN/A161306257
2024-05-13$40.33$30.0054.9%6.6%60.6%51.7%0.0%-0.6%-6.6%28.2K-940.7K-9960.00111.46N/AN/A00310258
2024-05-14$40.88$30.0066.7%7.8%60.6%68.6%20.9%-0.8%-6.6%25.9K-993.3K-9792.50103.26N/AN/A25310258
2024-05-15$41.03$30.0033.4%9.6%60.6%20.9%26.8%9.4%-8.8%29.4K-1.0M-9200.00107.68N/AN/A90311263
2024-05-16$40.74$30.0037.6%10.8%60.6%26.9%36.1%10.5%-12.1%22.3K-974.4K-1.0K2.67117.19N/AN/A38322263
2024-05-17$41.00$40.0031.9%9.1%60.2%18.8%0.0%0.9%-2.4%6.7K-1.1M-1.0K0.00120.44N/AN/A180319271
2024-05-20$42.09$40.0028.3%8.1%60.3%13.6%33.3%5.0%-3.6%6.8K-733.7K-1.0K0.00113.49N/AN/A160219247
2024-05-21$42.13$40.0028.9%8.3%60.6%14.5%0.0%-0.3%-6.3%8.1K-785.2K-1.1K0.00105.81N/AN/A00235247
2024-05-22$42.56$40.0024.4%7.0%60.4%8.0%30.4%-9.2%-2.9%8.1K-814.1K-9950.00105.92N/AN/A20235247
2024-05-23$42.92$40.0022.8%6.5%59.8%5.7%24.1%6.7%6.2%8.1K-839.5K-9720.14118.85N/AN/A71235247
2024-05-24$43.39$40.0029.3%8.4%59.6%15.1%31.4%-14.0%-8.3%7.8K-873.7K-9000.33120.65N/AN/A31240248
2024-05-28$43.63$40.0030.6%8.8%59.5%16.9%32.6%-12.4%-10.3%8.7K-882.6K-9450.07118.39N/AN/A151243249
2024-05-29$43.40$40.0026.2%7.5%57.1%10.6%26.5%-10.8%-1.1%7.3K-887.6K-8590.00113.45N/AN/A880243248
2024-05-30$44.44$40.0030.1%8.6%56.6%16.2%30.1%1.9%5.6%13.0K-829.3K-1.0K0.17107.12N/AN/A183237248
2024-05-31$43.12$40.0027.2%7.8%25.4%12.0%23.7%-8.6%-0.8%15.6K-768.2K-1.2K2.83112.01N/AN/A617255250