BHE Options History — August 2024

In August 2024, BHE traded between $39.39 and $43.38. ATM implied volatility averaged 51.3%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 24.9% (HV 20d: 76.2%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2024-08-02: Highest Volume — 36 contracts
  • 2024-08-02: Largest IV spike — 72.8% change
  • 2024-08-09: Highest IV Rank — 100.0%
  • 2024-08-02: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.77$39.39$43.38$43.38$42.20
Max Pain$40.45$40.00$45.00$45.00$40.00
ATM IV51.3%24.3%107.9%31.0%37.9%
Expected Move11.3%7.0%15.3%8.9%10.9%
HV 20d76.2%40.5%83.0%76.8%40.5%
HV 60d50.6%47.5%52.2%47.5%51.5%
IV Rank40.3%6.1%100.0%17.5%21.4%
IV Percentile58.7%4.0%100.0%24.6%46.4%
Term Structure-2.4%-15.8%12.1%-7.6%-11.3%
VWIV38.1%23.1%48.4%40.7%45.1%
Skew 25d10.1%-10.5%28.7%8.2%-0.9%
Skew 10d16.9%-13.9%52.4%9.9%5.0%
Call IV 25d36.8%21.1%61.8%34.9%31.5%
Put IV 25d46.8%21.5%65.1%43.2%30.6%
Bid-Ask Spread %113.1189.99123.16123.16102.15
Gamma HHI0.400.270.720.720.44
Net GEX8.5K2.1K17.2K5.1K17.2K
Net DEX-362.1K-495.5K-208.7K-415.2K-452.7K
Net VEX-1.2K-1.4K-1.1K-1.2K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.006.202.000.00
Total Volume5.503660
Total OI220.545176250250220

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$43.38$45.0031.0%8.9%76.8%17.5%40.7%8.2%-7.6%5.1K-415.2K-1.2K2.00123.16N/AN/A2415694
2024-08-02$41.59$45.0053.5%15.3%78.4%49.8%48.4%16.8%-7.6%2.5K-317.8K-1.4K6.20113.31N/AN/A53115891
2024-08-05$39.39$40.0076.4%12.6%80.9%82.6%40.9%0.8%-0.5%2.9K-208.7K-1.4K4.00120.61N/AN/A31216077
2024-08-06$40.52$40.0073.3%11.4%81.0%78.2%38.1%15.4%-1.7%2.9K-254.3K-1.4K0.00114.24N/AN/A2016178
2024-08-07$40.09$40.0069.8%13.2%80.8%73.2%0.0%19.1%-4.1%2.6K-255.0K-1.4K0.00118.10N/AN/A1016578
2024-08-08$41.55$40.0074.2%13.7%81.7%79.4%0.0%20.7%0.9%4.1K-305.4K-1.4K0.00119.11N/AN/A0016478
2024-08-09$41.19$40.00107.9%13.4%81.7%100.0%0.0%21.0%-2.7%4.6K-291.1K-1.4K0.00121.90N/AN/A0016478
2024-08-12$40.50$40.0080.7%13.9%81.6%69.5%0.0%16.4%-5.6%2.1K-265.7K-1.3K0.00120.45N/AN/A1016478
2024-08-13$41.54$40.0095.5%12.7%80.3%86.1%0.0%20.8%-3.1%3.3K-320.9K-1.3K0.00119.85N/AN/A1016578
2024-08-14$40.92$40.0043.2%12.4%80.2%27.4%0.0%28.7%-3.1%4.0K-284.9K-1.3K0.00122.08N/AN/A0016678
2024-08-15$42.78$40.0027.9%8.0%81.4%10.2%30.3%12.8%8.5%5.7K-400.6K-1.2K0.00112.76N/AN/A2016677
2024-08-16$42.16$40.0044.0%12.6%81.5%28.3%0.0%15.4%-6.7%11.1K-398.8K-1.2K0.00119.72N/AN/A1016877
2024-08-19$42.66$40.0044.7%12.8%81.3%29.1%0.0%12.3%-15.8%11.6K-421.8K-1.2K0.00121.32N/AN/A0016115
2024-08-20$41.56$40.0050.3%14.4%81.8%35.3%0.0%5.6%0.4%10.0K-373.2K-1.2K0.00116.75N/AN/A0016115
2024-08-21$42.14$40.0052.0%14.9%81.6%37.2%23.1%23.0%-8.7%12.3K-400.0K-1.1K0.00120.09N/AN/A10016115
2024-08-22$41.34$40.0024.3%7.0%81.5%6.1%45.1%-5.1%8.1%13.3K-372.5K-1.1K0.00114.75N/AN/A10017015
2024-08-23$43.02$40.0028.5%8.2%82.8%10.9%0.0%-3.1%-2.7%12.6K-439.3K-1.1K0.00112.50N/AN/A0017015
2024-08-26$42.42$40.0034.8%10.0%83.0%18.0%0.0%7.1%8.7%12.4K-407.3K-1.1K0.0093.60N/AN/A5017015
2024-08-27$42.59$40.0024.5%7.0%81.5%6.4%0.0%0.5%12.1%13.4K-427.1K-1.1K0.0097.84N/AN/A30017515
2024-08-28$42.34$40.0029.2%8.4%54.2%11.6%0.0%-10.5%-0.9%16.0K-457.5K-1.3K0.0089.99N/AN/A0020515
2024-08-29$43.00$40.0025.4%7.3%42.8%7.4%0.0%-3.3%-10.4%16.4K-495.5K-1.3K0.0094.10N/AN/A1020515
2024-08-30$42.20$40.0037.9%10.9%40.5%21.4%0.0%-0.9%-11.3%17.2K-452.7K-1.2K0.00102.15N/AN/A0020515