BHE Options History — April 2025

In April 2025, BHE traded between $32.50 and $38.23. ATM implied volatility averaged 68.1%, placing in the 53.5% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded above realized volatility by 1.2% (HV 20d: 66.9%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.31.

Notable Days

  • 2025-04-15: Highest Volume — 14 contracts
  • 2025-04-03: Largest IV spike — 150.3% change
  • 2025-04-07: Highest IV Rank — 100.0%
  • 2025-04-30: Largest Expected Move — 25.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.65$32.50$38.23$37.89$32.50
Max Pain$40.24$35.00$45.00$45.00$35.00
ATM IV68.1%32.8%108.2%32.8%90.3%
Expected Move17.5%10.2%25.9%13.5%25.9%
HV 20d66.9%37.9%91.1%38.3%91.1%
HV 60d48.9%36.6%59.3%36.7%59.3%
IV Rank53.5%12.8%100.0%12.8%79.3%
IV Percentile81.0%21.0%100.0%21.0%96.8%
Term Structure-7.3%-27.9%19.1%10.8%-7.7%
VWIV64.2%41.8%89.6%41.8%63.4%
Skew 25d4.1%-27.9%41.5%15.9%41.5%
Skew 10d12.1%-28.2%53.0%7.0%48.6%
Call IV 25d77.2%36.8%115.3%36.8%79.9%
Put IV 25d81.3%38.3%121.4%52.6%121.4%
Bid-Ask Spread %117.4796.71125.67107.23119.36
Gamma HHI0.570.210.940.930.25
Net GEX5.8K-6321.8K20.1K196
Net DEX-62.7K-213.5K4.4K-122.8K4.4K
Net VEX-276-497-160-451-192
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.002.500.000.00
Total Volume1.8101400
Total OI145.2385121219266

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$37.89$45.0032.8%13.5%38.3%12.8%0.0%15.9%10.8%20.1K-122.8K-4510.00107.23N/AN/A001857
2025-04-02$38.23$45.0034.9%10.2%37.9%15.2%41.8%0.4%3.3%21.8K-110.4K-4330.00106.91N/AN/A101857
2025-04-03$33.79$45.0087.4%13.1%57.6%76.2%0.0%-4.4%-5.1%6.9K-96.0K-3800.00123.37N/AN/A101857
2025-04-04$32.81$45.00100.0%16.8%58.2%90.9%0.0%2.9%-23.3%5.8K-76.2K-3290.00125.67N/AN/A401857
2025-04-07$33.08$45.00108.2%16.6%58.5%100.0%0.0%9.8%-9.5%6.3K-99.4K-3320.00122.47N/AN/A201897
2025-04-08$32.71$45.0095.8%19.2%55.9%85.6%0.0%1.1%-16.3%5.8K-69.3K-2770.00116.94N/AN/A001917
2025-04-09$36.63$45.0064.8%18.6%70.3%49.7%0.0%15.7%-1.5%9.3K-213.5K-4970.00122.38N/AN/A001917
2025-04-10$34.44$45.0056.9%16.3%73.4%40.6%0.0%-1.0%2.5%7.7K-130.3K-3500.00121.84N/AN/A001917
2025-04-11$35.41$45.0064.9%18.6%73.9%49.8%0.0%-7.9%-10.9%9.7K-109.0K-3180.00121.22N/AN/A001917
2025-04-14$36.00$45.0058.5%16.8%72.2%42.4%0.0%-5.6%-6.4%10.7K-69.7K-2310.00123.76N/AN/A001917
2025-04-15$35.67$45.0060.1%17.2%72.0%44.3%62.0%8.5%-12.9%5.2K-28.2K-1642.5096.71N/AN/A4101917
2025-04-16$35.09$35.0050.1%14.4%70.6%32.7%0.0%-27.9%-7.4%8.3K-64.4K-2210.00117.60N/AN/A0019517
2025-04-17$35.88$35.0060.9%17.5%71.4%45.3%0.0%-1.1%0.6%54-14.8K-1690.00122.11N/AN/A0019517
2025-04-21$34.64$35.0076.8%22.0%71.9%63.7%0.0%6.1%-27.9%-282.7K-1610.00116.36N/AN/A003714
2025-04-22$35.66$35.0071.3%20.4%71.2%57.2%0.0%25.5%-13.8%-631.5K-1600.00118.99N/AN/A013714
2025-04-23$36.73$35.0084.1%24.1%72.3%72.0%89.6%12.1%-26.0%73-3.6K-1850.00120.94N/AN/A1103715
2025-04-24$37.47$35.0079.6%22.8%72.3%66.9%0.0%10.4%19.1%1.0K-28.1K-2510.00125.22N/AN/A104815
2025-04-25$37.97$35.0040.6%11.6%72.5%21.7%0.0%-20.8%-2.4%1.1K-26.6K-2500.00121.72N/AN/A004815
2025-04-28$38.03$35.0060.1%17.2%71.5%44.2%63.4%-9.9%-8.4%975-29.3K-2240.00105.90N/AN/A204815
2025-04-29$38.11$35.0051.1%14.7%71.4%33.9%0.0%15.3%-10.0%1.3K-34.3K-2300.00110.23N/AN/A015015
2025-04-30$32.50$35.0090.3%25.9%91.1%79.3%0.0%41.5%-7.7%1964.4K-1920.00119.36N/AN/A005016