BHE Options History — December 2024

In December 2024, BHE traded between $45.42 and $49.94. ATM implied volatility averaged 47.8%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 19.8% (HV 20d: 28.0%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.45.

Notable Days

  • 2024-12-19: Highest Volume — 23 contracts
  • 2024-12-04: Largest IV spike — 52.0% change
  • 2024-12-09: Highest IV Rank — 57.6%
  • 2024-12-04: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.44$45.42$49.94$49.94$45.57
Max Pain$45.48$40.00$50.00$50.00$45.00
ATM IV47.8%34.5%70.5%40.8%48.6%
Expected Move12.1%8.8%15.2%11.7%13.9%
HV 20d28.0%21.3%44.7%44.2%26.1%
HV 60d36.7%36.3%37.7%36.6%36.6%
IV Rank31.1%14.7%57.6%24.0%31.2%
IV Percentile69.1%33.7%94.8%57.1%75.8%
Term Structure-7.6%-21.8%5.5%-19.0%-7.6%
VWIV31.3%24.9%39.0%25.9%39.0%
Skew 25d2.4%-12.3%25.4%1.9%7.3%
Skew 10d-15.6%-42.1%18.8%18.2%-42.1%
Call IV 25d45.8%26.2%81.5%46.5%30.8%
Put IV 25d48.2%29.5%83.3%48.4%38.2%
Bid-Ask Spread %117.44106.58123.49117.03114.03
Gamma HHI0.520.450.650.490.63
Net GEX7.8K4.2K14.5K5.5K13.1K
Net DEX-302.1K-461.2K-171.5K-461.2K-203.9K
Net VEX-1.1K-1.3K-840-1.1K-866
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.450.0022.000.000.00
Total Volume4.33302300
Total OI232200266200238

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$49.94$50.0040.8%11.7%44.2%24.0%0.0%1.9%-19.0%5.5K-461.2K-1.1K0.00117.03N/AN/A0015644
2024-12-03$49.17$50.0034.9%10.0%44.7%17.3%25.9%-9.0%-3.8%5.5K-456.4K-1.1K0.00106.58N/AN/A0115644
2024-12-04$48.63$50.0053.1%15.2%44.5%37.9%0.0%1.8%-21.8%8.9K-418.9K-1.1K0.00123.49N/AN/A0015645
2024-12-05$48.70$40.0060.0%8.8%22.6%45.7%24.9%3.9%-5.6%9.2K-426.1K-1.0K0.00121.22N/AN/A02015645
2024-12-06$47.74$45.0061.9%10.8%23.3%47.8%0.0%3.7%-11.0%7.1K-317.5K-1.1K0.00111.54N/AN/A10015665
2024-12-09$47.68$45.0070.5%9.3%23.3%57.6%29.0%3.5%-5.2%6.1K-349.3K-1.1K0.00113.60N/AN/A01016665
2024-12-10$47.52$45.0062.7%10.2%23.2%48.8%0.0%-4.3%-13.0%5.6K-280.2K-1.2K0.00115.93N/AN/A3016675
2024-12-11$48.78$45.0040.2%11.5%24.0%23.2%0.0%0.7%-13.1%4.3K-350.4K-1.3K0.00110.65N/AN/A0016675
2024-12-12$48.83$45.0038.0%10.9%22.1%20.7%0.0%-4.2%-8.4%4.2K-349.0K-1.2K0.00119.53N/AN/A0016675
2024-12-13$48.20$45.0038.9%11.2%22.1%21.8%0.0%5.1%-9.1%4.8K-319.0K-1.2K0.00115.02N/AN/A1016675
2024-12-16$48.48$45.0041.1%11.8%21.3%24.3%0.0%-3.2%-12.3%4.4K-333.4K-1.2K0.00118.36N/AN/A0016775
2024-12-17$47.48$45.0046.8%13.4%22.8%30.2%0.0%-7.5%5.5%4.9K-272.0K-1.2K0.00117.42N/AN/A0016775
2024-12-18$45.42$45.0050.1%14.4%27.6%32.8%0.0%-12.3%-9.4%6.4K-171.5K-1.1K0.00121.84N/AN/A1016775
2024-12-19$45.97$45.0047.0%13.5%27.9%29.3%0.0%3.1%-11.7%7.5K-190.9K-1.1K22.00120.71N/AN/A12216875
2024-12-20$45.69$45.0048.0%13.8%27.0%30.5%0.0%-1.3%-7.6%8.4K-176.8K-1.0K0.00120.96N/AN/A1016997
2024-12-23$46.61$45.0034.5%9.9%28.0%14.7%37.8%3.3%2.2%11.8K-250.3K-9660.07120.11N/AN/A15116661
2024-12-24$46.65$45.0046.5%13.3%27.6%28.6%0.0%11.0%-8.6%11.1K-268.7K-1.0K0.00120.82N/AN/A0017662
2024-12-26$47.21$45.0050.8%14.6%28.0%33.6%0.0%18.7%5.0%10.1K-302.6K-1.0K0.00120.61N/AN/A1017662
2024-12-27$45.98$45.0052.3%15.0%29.3%35.4%0.0%25.4%-8.1%10.8K-229.7K-9400.00121.31N/AN/A0017762
2024-12-30$45.97$45.0037.7%10.8%28.9%18.5%39.0%3.8%3.9%14.5K-215.4K-8400.00115.53N/AN/A4017762
2024-12-31$45.57$45.0048.6%13.9%26.1%31.2%0.0%7.3%-7.6%13.1K-203.9K-8660.00114.03N/AN/A0017662