BHE Options History — May 2025

In May 2025, BHE traded between $33.77 and $37.46. ATM implied volatility averaged 74.7%, placing in the 53.7% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 7.9% (HV 20d: 66.8%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.07.

Notable Days

  • 2025-05-20: Highest Volume — 15 contracts
  • 2025-05-02: Largest IV spike — 48.3% change
  • 2025-05-07: Highest IV Rank — 100.0%
  • 2025-05-19: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.10$33.77$37.46$33.77$36.67
Max Pain$35.95$30.00$40.00$35.00$35.00
ATM IV74.7%40.5%127.2%40.5%62.8%
Expected Move16.5%11.6%19.7%11.6%18.0%
HV 20d66.8%25.0%92.4%92.4%25.0%
HV 60d60.3%58.8%60.9%59.6%58.8%
IV Rank53.7%21.6%100.0%21.6%38.9%
IV Percentile84.2%43.7%100.0%43.7%81.7%
Term Structure-9.5%-33.9%9.4%-10.3%-16.4%
VWIV45.6%31.0%69.9%40.3%69.9%
Skew 25d-5.6%-30.6%29.8%-14.4%-14.4%
Skew 10d-17.9%-70.5%43.3%-34.0%-70.5%
Call IV 25d64.2%26.7%76.3%55.1%68.4%
Put IV 25d58.6%38.9%89.9%40.7%54.0%
Bid-Ask Spread %118.2295.42128.27116.8695.42
Gamma HHI0.420.280.670.320.64
Net GEX1.2K-1482.3K-1482.3K
Net DEX-22.7K-37.1K4.7K4.7K-36.9K
Net VEX-218-282-165-165-266
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.000.670.000.00
Total Volume1.61901530
Total OI65.57153716667

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$33.77$35.0040.5%11.6%92.4%21.6%40.3%-14.4%-10.3%-1484.7K-1650.00116.86N/AN/A035016
2025-05-02$34.98$35.0060.0%17.2%82.3%44.2%48.2%29.8%5.0%402-6.2K-1960.00125.36N/AN/A105015
2025-05-05$34.95$40.0077.6%14.9%81.5%64.6%0.0%3.8%-9.8%591-8.8K-1980.00124.79N/AN/A005115
2025-05-06$34.54$40.00100.3%14.9%81.7%90.9%31.0%-6.7%-11.6%596-5.8K-1920.00110.18N/AN/A105115
2025-05-07$34.65$30.00110.4%15.7%81.5%100.0%43.0%1.0%-2.2%620-9.6K-1900.00121.94N/AN/A205215
2025-05-08$35.25$30.00110.0%16.4%70.7%99.5%0.0%6.5%-12.9%794-17.0K-1950.00122.28N/AN/A005415
2025-05-09$35.08$30.00125.1%16.6%67.1%100.0%0.0%-25.8%-6.9%816-16.6K-1980.00128.27N/AN/A005415
2025-05-12$36.55$30.00127.2%13.9%68.0%100.0%53.5%-17.8%9.4%1.0K-27.7K-1950.67120.80N/AN/A325415
2025-05-13$37.19$40.0084.7%15.9%68.0%59.6%0.0%1.9%-5.8%800-20.0K-1950.00125.36N/AN/A005117
2025-05-14$37.14$40.0055.9%16.0%67.9%32.3%0.0%-27.8%-24.5%796-22.8K-2020.00109.57N/AN/A205117
2025-05-15$37.28$40.0056.5%16.2%67.5%32.9%0.0%3.3%-2.6%804-28.9K-1930.00125.27N/AN/A105317
2025-05-16$37.46$40.0056.1%16.1%67.2%32.5%0.0%4.8%8.0%1.3K-30.6K-1950.00125.29N/AN/A005417
2025-05-19$37.06$40.0068.6%19.7%65.9%44.3%0.0%-26.6%-33.9%1.2K-25.8K-2030.00127.17N/AN/A10467
2025-05-20$37.05$40.0051.8%14.8%65.2%28.4%33.1%28.6%4.8%1.6K-22.7K-1890.07118.75N/AN/A141477
2025-05-21$36.34$35.0065.1%18.7%64.8%41.0%0.0%-7.6%-9.8%1.9K-35.5K-2760.00101.73N/AN/A00577
2025-05-22$36.29$35.0063.9%18.3%64.3%39.9%0.0%-30.6%-23.3%1.8K-33.5K-2820.00117.13N/AN/A00577
2025-05-23$35.93$35.0064.3%18.4%64.1%40.3%0.0%14.9%-12.1%1.7K-27.5K-2570.00126.36N/AN/A00577
2025-05-27$36.83$35.0066.2%19.0%64.9%42.1%0.0%-15.3%-12.0%2.0K-32.9K-2560.00126.48N/AN/A20577
2025-05-28$36.49$35.0060.7%17.4%64.9%36.9%69.9%-6.6%-22.7%2.0K-35.5K-2650.00112.87N/AN/A10597
2025-05-29$36.69$35.0061.3%17.6%27.7%37.5%0.0%-18.8%-10.8%2.3K-37.1K-2640.00100.83N/AN/A00607
2025-05-30$36.67$35.0062.8%18.0%25.0%38.9%0.0%-14.4%-16.4%2.3K-36.9K-2660.0095.42N/AN/A00607