BHE Options History — July 2024

In July 2024, BHE traded between $38.61 and $47.78. ATM implied volatility averaged 49.1%, placing in the 43.5% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 22.0% (HV 20d: 27.1%). Max pain ranged from $30.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 5.42.

Notable Days

2024-07-30: Highest Volume — 63 contracts
2024-07-08: Largest IV spike — 48.0% change
2024-07-08: Highest IV Rank — 74.7%
2024-07-30: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.09	$38.61	$47.78	$39.06	$47.78
Max Pain	$40.95	$30.00	$45.00	$30.00	$40.00
ATM IV	49.1%	34.8%	70.9%	52.0%	44.8%
Expected Move	13.4%	10.0%	17.9%	14.9%	12.8%
HV 20d	27.1%	20.0%	66.9%	21.4%	66.9%
HV 60d	41.2%	28.2%	43.7%	41.4%	43.7%
IV Rank	43.5%	22.9%	74.7%	47.6%	37.2%
IV Percentile	73.6%	36.9%	97.6%	82.9%	67.1%
Term Structure	-14.5%	-27.1%	-6.1%	-14.3%	-10.8%
VWIV	47.0%	24.8%	75.3%	75.3%	36.4%
Skew 25d	0.2%	-41.8%	24.1%	-6.3%	-18.2%
Skew 10d	7.5%	-55.3%	27.9%	7.9%	-55.3%
Call IV 25d	43.6%	28.0%	71.2%	44.1%	62.9%
Put IV 25d	43.9%	29.4%	61.5%	37.8%	44.7%
Bid-Ask Spread %	113.99	93.26	122.31	119.55	112.11
Gamma HHI	0.41	0.33	0.50	0.34	0.47
Net GEX	11.0K	6.8K	15.6K	11.9K	6.8K
Net DEX	-477.3K	-723.8K	-346.5K	-414.1K	-588.9K
Net VEX	-1.0K	-1.3K	-797	-923	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.42	0.00	62.00	0.00	0.25
Total Volume	10.818	0	63	0	30
Total OI	215.909	155	278	223	243

Daily Data (22 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
2024-07-01	$39.06	$30.00	52.0%	14.9%	21.4%	47.6%	0.0%	-6.3%	-14.3%	11.9K	-414.1K	-923	0.00	119.55	N/A	N/A	0	0	188	35
2024-07-02	$39.49	$30.00	58.5%	16.8%	21.0%	56.9%	0.0%	0.7%	-15.6%	11.5K	-438.1K	-943	0.00	113.11	N/A	N/A	2	0	188	35
2024-07-03	$39.61	$30.00	47.6%	13.6%	20.3%	41.2%	75.3%	-41.8%	-6.1%	11.3K	-434.8K	-913	0.00	113.65	N/A	N/A	1	0	188	35
2024-07-05	$39.10	$45.00	47.9%	11.7%	20.0%	41.7%	0.0%	2.7%	-7.8%	11.2K	-410.6K	-870	0.00	116.22	N/A	N/A	0	0	188	35
2024-07-08	$39.48	$45.00	70.9%	13.0%	20.1%	74.7%	0.0%	2.5%	-14.1%	11.6K	-435.6K	-898	0.00	118.91	N/A	N/A	0	0	188	35
2024-07-09	$38.61	$45.00	58.3%	10.3%	20.5%	56.7%	0.0%	-10.8%	-20.8%	11.9K	-399.0K	-826	0.00	122.08	N/A	N/A	0	0	188	35
2024-07-10	$39.48	$45.00	41.2%	11.8%	22.1%	32.1%	0.0%	15.5%	-11.7%	9.0K	-421.7K	-797	0.00	122.31	N/A	N/A	0	0	188	35
2024-07-11	$40.05	$45.00	41.5%	11.9%	22.7%	32.6%	0.0%	4.4%	-27.1%	10.9K	-466.6K	-870	0.00	115.94	N/A	N/A	45	0	188	35
2024-07-12	$40.26	$45.00	34.8%	10.0%	21.7%	22.9%	24.8%	1.2%	-8.0%	12.2K	-540.1K	-968	0.00	115.39	N/A	N/A	0	2	211	35
2024-07-15	$41.11	$0.00	38.6%	11.1%	23.0%	28.4%	38.9%	-3.7%	-13.3%	10.6K	-577.9K	-898	0.00	109.40	N/A	N/A	42	0	211	34
2024-07-16	$43.06	$45.00	40.8%	11.7%	26.3%	31.5%	41.1%	0.6%	-15.5%	15.2K	-723.8K	-1.2K	0.00	108.90	N/A	N/A	25	0	239	34
2024-07-17	$42.26	$45.00	56.2%	16.1%	27.5%	53.6%	0.0%	24.1%	-18.7%	15.6K	-696.8K	-1.2K	0.50	111.22	N/A	N/A	4	2	242	34
2024-07-18	$41.24	$45.00	41.8%	12.0%	28.9%	32.9%	0.0%	0.5%	-13.1%	14.7K	-632.3K	-1.3K	0.00	118.67	N/A	N/A	0	0	244	34
2024-07-19	$40.88	$45.00	42.4%	12.2%	28.6%	33.9%	55.9%	2.7%	-11.5%	8.7K	-619.2K	-1.2K	0.00	117.09	N/A	N/A	3	0	244	34
2024-07-22	$41.69	$40.00	52.0%	14.9%	29.0%	47.7%	0.0%	19.4%	-14.3%	9.8K	-386.9K	-1.2K	1.00	114.75	N/A	N/A	1	1	147	8
2024-07-23	$42.15	$40.00	51.0%	14.6%	27.9%	46.2%	0.0%	1.5%	-17.6%	10.1K	-398.9K	-1.1K	0.00	115.41	N/A	N/A	0	0	147	9
2024-07-24	$41.36	$40.00	54.6%	15.6%	28.9%	51.3%	0.0%	11.5%	-19.9%	8.9K	-374.7K	-1.2K	0.00	119.33	N/A	N/A	0	5	147	9
2024-07-25	$42.27	$40.00	53.5%	15.3%	29.2%	49.7%	0.0%	8.4%	-10.8%	9.1K	-394.5K	-1.2K	0.00	113.13	N/A	N/A	0	0	147	14
2024-07-26	$42.45	$40.00	45.0%	12.9%	29.0%	37.6%	40.3%	-7.0%	-20.2%	10.2K	-406.4K	-1.2K	0.33	112.22	N/A	N/A	6	2	147	14
2024-07-29	$42.16	$40.00	44.6%	12.8%	29.1%	37.0%	48.1%	-9.7%	-11.9%	10.2K	-394.3K	-1.2K	1.00	105.15	N/A	N/A	2	2	153	15
2024-07-30	$40.49	$40.00	62.6%	17.9%	33.0%	62.8%	61.8%	6.5%	-15.9%	9.7K	-346.5K	-1.2K	62.00	93.26	N/A	N/A	1	62	155	15
2024-07-31	$47.78	$40.00	44.8%	12.8%	66.9%	37.2%	36.4%	-18.2%	-10.8%	6.8K	-588.9K	-1.1K	0.25	112.11	N/A	N/A	24	6	156	87