BHE Options History — March 2025

In March 2025, BHE traded between $37.36 and $41.55. ATM implied volatility averaged 40.8%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 2.3% (HV 20d: 38.5%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-03-03: Highest Volume — 108 contracts
  • 2025-03-26: Largest IV spike — 61.0% change
  • 2025-03-10: Highest IV Rank — 64.7%
  • 2025-03-10: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.32$37.36$41.55$37.36$38.02
Max Pain$40.94$40.00$45.00$40.00$45.00
ATM IV40.8%25.8%77.5%59.4%27.9%
Expected Move13.3%9.0%22.2%17.0%11.8%
HV 20d38.5%32.1%46.4%33.6%39.3%
HV 60d34.7%32.4%36.7%32.4%36.7%
IV Rank22.0%4.6%64.7%43.7%7.0%
IV Percentile44.2%4.0%96.4%86.1%6.7%
Term Structure-4.0%-36.0%16.4%-36.0%16.4%
VWIV35.8%28.4%47.1%47.1%28.4%
Skew 25d-0.9%-33.1%19.8%-1.4%5.0%
Skew 10d0.2%-18.1%28.1%12.1%-2.9%
Call IV 25d40.8%26.7%72.4%47.0%27.9%
Put IV 25d39.9%24.1%67.2%45.6%32.9%
Bid-Ask Spread %113.1790.38123.10111.80103.41
Gamma HHI0.840.230.940.230.94
Net GEX16.3K1.0K28.6K1.0K21.6K
Net DEX-223.7K-374.4K-8.6K-8.6K-122.1K
Net VEX-645-772-136-136-456
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.030.030.00
Total Volume11.28601081080
Total OI182.9527019970192

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$37.36$40.0059.4%17.0%33.6%43.7%47.1%-1.4%-36.0%1.0K-8.6K-1360.03111.80N/AN/A1053655
2025-03-04$38.28$40.0041.6%11.9%32.8%22.9%0.0%19.8%1.6%10.5K-179.9K-7260.00117.82N/AN/A001708
2025-03-05$38.96$40.0049.4%14.2%32.1%32.0%0.0%3.6%-7.4%12.6K-193.9K-7180.00122.29N/AN/A001708
2025-03-06$38.45$40.0048.9%14.0%32.2%31.4%0.0%-2.4%-5.3%12.6K-170.7K-6840.00120.83N/AN/A001708
2025-03-07$38.22$40.0050.8%14.6%32.2%33.7%0.0%4.6%-13.2%12.0K-167.2K-6730.00114.55N/AN/A001708
2025-03-10$38.02$40.0077.5%22.2%32.1%64.7%0.0%5.4%-22.3%10.0K-175.6K-6700.00123.10N/AN/A001708
2025-03-11$39.53$40.0040.8%18.0%34.9%22.1%0.0%-0.9%-6.6%13.9K-218.3K-6900.00120.51N/AN/A6001708
2025-03-12$38.45$40.0035.3%16.3%35.9%15.7%0.0%-3.0%-2.2%16.0K-176.9K-6630.00121.62N/AN/A3001808
2025-03-13$38.30$40.0035.7%15.4%35.8%16.1%0.0%8.0%-1.5%16.4K-166.3K-6640.00113.62N/AN/A001858
2025-03-14$39.03$40.0027.4%12.7%36.7%6.4%0.0%5.8%11.6%20.9K-232.7K-7090.00120.41N/AN/A001858
2025-03-17$40.73$40.0027.9%10.4%40.1%7.0%31.8%-1.2%2.6%20.2K-303.7K-6880.0090.38N/AN/A701858
2025-03-18$39.86$40.0037.5%9.0%40.4%18.2%0.0%-1.0%-13.7%16.2K-265.7K-7300.00115.02N/AN/A2501918
2025-03-19$41.22$40.0048.8%9.6%42.1%31.4%0.0%-2.6%-23.7%14.2K-337.2K-7720.00116.05N/AN/A001918
2025-03-20$40.97$0.0038.8%11.3%42.1%19.7%0.0%-3.4%6.1%18.9K-328.9K-7260.00112.64N/AN/A001918
2025-03-21$40.02$0.0043.4%13.1%42.2%25.1%0.0%-9.7%-1.4%12.3K-276.1K-7110.00108.27N/AN/A101918
2025-03-24$41.55$0.0033.8%13.0%44.0%13.9%0.0%-8.0%4.4%23.6K-374.4K-6540.00111.73N/AN/A201844
2025-03-25$40.76$0.0025.8%11.4%44.3%4.6%0.0%-11.4%12.2%28.6K-323.4K-6390.00110.21N/AN/A021844
2025-03-26$39.70$0.0041.5%12.1%45.2%22.8%28.4%-33.1%-10.1%14.7K-262.4K-6580.00105.88N/AN/A101846
2025-03-27$39.79$45.0030.8%11.7%44.8%10.4%0.0%8.3%15.4%26.9K-247.6K-6190.00102.65N/AN/A011856
2025-03-28$38.40$45.0033.5%9.9%46.4%13.6%0.0%-1.9%-10.2%18.7K-167.0K-5490.00113.73N/AN/A001857
2025-03-31$38.02$45.0027.9%11.8%39.3%7.0%0.0%5.0%16.4%21.6K-122.1K-4560.00103.41N/AN/A001857