BHE Options History — September 2024

In September 2024, BHE traded between $38.91 and $45.25. ATM implied volatility averaged 38.0%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 4.0% (HV 20d: 34.0%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.14.

Notable Days

2024-09-24: Highest Volume — 10 contracts
2024-09-23: Largest IV spike — 39.9% change
2024-09-06: Highest IV Rank — 36.2%
2024-09-03: Largest Expected Move — 14.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.40	$38.91	$45.25	$40.64	$44.10
Max Pain	$35.75	$35.00	$40.00	$40.00	$40.00
ATM IV	38.0%	27.1%	51.1%	50.3%	33.0%
Expected Move	10.2%	7.8%	14.4%	14.4%	9.5%
HV 20d	34.0%	29.0%	37.8%	37.8%	32.4%
HV 60d	52.6%	51.9%	53.3%	52.0%	53.3%
IV Rank	21.5%	9.2%	36.2%	35.4%	15.9%
IV Percentile	45.7%	12.3%	77.8%	76.6%	32.1%
Term Structure	-2.9%	-21.6%	13.3%	-17.1%	0.5%
VWIV	47.0%	22.6%	60.8%	60.8%	59.1%
Skew 25d	-1.6%	-17.2%	10.6%	2.3%	-0.4%
Skew 10d	9.1%	-32.0%	36.5%	19.4%	1.3%
Call IV 25d	38.0%	26.7%	52.7%	45.3%	35.7%
Put IV 25d	36.4%	27.2%	47.5%	47.5%	35.3%
Bid-Ask Spread %	111.05	98.20	118.19	98.20	111.79
Gamma HHI	0.46	0.40	0.53	0.41	0.49
Net GEX	17.0K	11.2K	19.7K	13.7K	19.6K
Net DEX	-475.6K	-658.9K	-314.0K	-380.8K	-568.3K
Net VEX	-1.0K	-1.2K	-819	-1.2K	-856
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.14	0.00	1.00	1.00	0.00
Total Volume	1.75	0	10	0	10
Total OI	219.75	202	226	220	206

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
2024-09-03	$40.64	$40.00	50.3%	14.4%	37.8%	35.4%	0.0%	2.3%	-17.1%	13.7K	-380.8K	-1.2K	0.00	98.20	N/A	N/A	0	0	205	15
2024-09-04	$41.02	$40.00	46.1%	13.2%	36.6%	30.7%	60.8%	8.9%	-21.6%	17.3K	-392.3K	-1.1K	1.00	100.24	N/A	N/A	4	4	205	15
2024-09-05	$40.89	$35.00	45.2%	9.2%	36.4%	29.7%	45.6%	-17.2%	-4.6%	14.1K	-408.6K	-1.2K	0.00	114.64	N/A	N/A	1	0	207	19
2024-09-06	$39.45	$35.00	51.1%	10.4%	36.2%	36.2%	0.0%	-2.9%	-2.8%	14.4K	-314.0K	-1.1K	0.00	113.38	N/A	N/A	0	0	207	19
2024-09-09	$38.91	$35.00	46.4%	9.6%	36.4%	31.0%	0.0%	-14.0%	-4.8%	11.2K	-317.9K	-1.1K	0.00	112.86	N/A	N/A	0	0	207	19
2024-09-10	$39.76	$35.00	42.2%	9.1%	37.0%	26.2%	0.0%	-13.5%	-0.1%	15.4K	-320.3K	-1.0K	0.00	115.61	N/A	N/A	0	0	207	19
2024-09-11	$40.19	$35.00	36.8%	10.5%	35.9%	20.2%	0.0%	-1.5%	-13.9%	15.9K	-348.5K	-1.0K	0.00	112.27	N/A	N/A	0	0	207	19
2024-09-12	$41.02	$35.00	37.5%	10.8%	36.4%	21.0%	0.0%	-6.1%	-8.3%	15.4K	-395.5K	-1.1K	0.00	103.63	N/A	N/A	0	0	207	19
2024-09-13	$42.20	$35.00	33.2%	9.5%	34.2%	16.1%	0.0%	-7.3%	1.9%	19.0K	-453.3K	-1.1K	0.00	110.46	N/A	N/A	3	0	207	19
2024-09-16	$42.33	$35.00	38.0%	10.9%	33.8%	21.6%	0.0%	5.1%	6.0%	18.6K	-452.2K	-1.0K	0.00	106.22	N/A	N/A	0	0	206	19
2024-09-17	$42.78	$35.00	32.2%	9.2%	33.7%	15.1%	0.0%	-9.3%	-3.6%	19.7K	-490.9K	-999	0.00	108.42	N/A	N/A	0	0	206	19
2024-09-18	$43.58	$35.00	39.8%	11.4%	32.8%	23.5%	0.0%	10.6%	-8.2%	18.4K	-536.4K	-1.0K	0.00	117.57	N/A	N/A	0	0	206	19
2024-09-19	$44.56	$35.00	32.3%	9.3%	33.4%	15.2%	0.0%	4.9%	1.6%	19.6K	-591.5K	-975	0.00	116.26	N/A	N/A	1	0	206	19
2024-09-20	$44.28	$35.00	27.1%	7.8%	32.5%	9.2%	0.0%	4.9%	13.3%	18.3K	-573.5K	-920	0.00	115.97	N/A	N/A	0	0	206	19
2024-09-23	$44.18	$35.00	37.8%	10.8%	29.6%	21.4%	0.0%	0.4%	-1.2%	17.0K	-546.1K	-942	0.00	106.94	N/A	N/A	0	0	188	14
2024-09-24	$44.33	$35.00	32.5%	9.3%	29.0%	15.4%	22.6%	-2.6%	-0.9%	17.1K	-559.8K	-923	0.00	110.96	N/A	N/A	10	0	188	14
2024-09-25	$43.55	$35.00	36.3%	10.4%	29.9%	19.6%	0.0%	-9.8%	-6.0%	18.3K	-546.6K	-969	0.00	110.31	N/A	N/A	0	0	198	14
2024-09-26	$45.25	$35.00	32.9%	9.4%	32.5%	15.8%	0.0%	9.2%	8.4%	18.0K	-658.9K	-845	0.00	118.19	N/A	N/A	2	0	198	14
2024-09-27	$44.93	$35.00	29.1%	8.3%	32.4%	11.6%	0.0%	7.0%	3.4%	19.1K	-657.3K	-819	0.00	117.14	N/A	N/A	0	0	200	14
2024-09-30	$44.10	$40.00	33.0%	9.5%	32.4%	15.9%	59.1%	-0.4%	0.5%	19.6K	-568.3K	-856	0.00	111.79	N/A	N/A	10	0	192	14