BHE Options History — March 2026

In March 2026, BHE traded between $52.69 and $59.67. ATM implied volatility averaged 42.7%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 1.8% (HV 20d: 40.9%). Max pain ranged from $40.00 to $55.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.06.

Notable Days

  • 2026-03-30: Highest Volume — 21 contracts
  • 2026-03-31: Largest IV spike — 108.6% change
  • 2026-03-10: Highest IV Rank — 29.6%
  • 2026-03-02: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.49$52.69$59.67$58.50$56.03
Max Pain$42.27$40.00$55.00$55.00$40.00
ATM IV42.7%16.3%64.3%56.5%34.0%
Expected Move11.5%4.7%16.2%16.2%9.7%
HV 20d40.9%32.4%50.1%32.4%50.1%
HV 60d36.3%32.6%40.0%32.6%40.0%
IV Rank15.3%0.0%29.6%24.4%11.5%
IV Percentile27.4%0.0%75.4%59.1%9.1%
Term Structure2.1%-20.0%31.9%-18.8%10.0%
VWIV37.8%30.4%40.8%40.1%30.4%
Skew 25d-15.4%-33.7%29.4%29.4%-32.8%
Skew 10d-14.5%-42.3%35.3%6.6%-42.3%
Call IV 25d53.6%31.2%72.8%38.7%72.8%
Put IV 25d38.3%26.1%68.7%68.1%40.0%
Bid-Ask Spread %68.3037.34121.49117.9742.12
Gamma HHI0.840.680.950.680.89
Net GEX198.0K88.4K314.3K202.3K157.1K
Net DEX-3.3M-5.2M-2.1M-5.2M-2.7M
Net VEX-5.4K-8.1K-2.8K-8.0K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.670.000.00
Total Volume4.27302101
Total OI1,467.6369611,7151,703983

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$58.50$55.0056.5%16.2%32.4%24.4%0.0%29.4%-18.8%202.3K-5.2M-8.0K0.00117.97N/AN/A001,395308
2026-03-03$56.34$55.0049.9%14.3%34.1%19.9%40.1%2.4%-13.6%252.3K-4.5M-7.3K0.00121.49N/AN/A101,395308
2026-03-04$57.86$55.0054.7%15.7%33.6%23.2%37.5%25.1%-20.0%208.6K-5.1M-7.6K0.00117.76N/AN/A1201,394308
2026-03-05$55.16$45.0057.6%11.6%37.8%25.1%40.8%-12.6%-1.2%188.2K-3.9M-8.1K0.0097.37N/AN/A0191,402308
2026-03-06$52.69$40.0056.2%12.6%41.0%24.1%0.0%-27.0%-1.1%194.3K-3.1M-7.5K0.0096.50N/AN/A001,402294
2026-03-09$54.04$40.0046.5%9.4%37.5%17.7%0.0%-26.1%8.7%284.0K-2.9M-6.4K0.00105.35N/AN/A401,402294
2026-03-10$54.37$40.0064.3%9.3%37.6%29.6%0.0%-19.8%10.8%229.1K-3.7M-6.6K0.00104.30N/AN/A001,406294
2026-03-11$54.95$40.0032.2%9.2%37.9%8.1%0.0%-32.9%-2.9%225.2K-3.5M-6.7K0.00107.56N/AN/A101,406294
2026-03-12$53.91$40.0036.6%0.0%38.1%11.1%0.0%-23.4%3.9%231.5K-3.4M-6.3K0.0045.63N/AN/A001,407294
2026-03-13$53.02$40.0029.5%0.0%38.3%6.3%0.0%-25.1%13.1%231.1K-3.1M-5.9K0.0046.09N/AN/A001,407294
2026-03-16$54.45$40.0039.3%9.1%39.1%12.9%0.0%-27.6%6.2%255.6K-3.5M-5.5K0.0050.37N/AN/A201,407294
2026-03-17$54.60$40.0038.5%11.4%38.8%12.3%0.0%-33.7%-3.5%314.3K-3.2M-5.3K0.0045.72N/AN/A001,401294
2026-03-18$53.94$40.0037.4%9.5%38.8%11.6%0.0%-24.4%3.9%230.0K-3.2M-5.1K0.0052.41N/AN/A0101,401294
2026-03-19$55.61$40.0044.7%12.1%40.6%16.5%0.0%-21.7%-0.7%225.7K-3.8M-4.9K0.0041.66N/AN/A1001,401304
2026-03-20$54.29$40.0038.2%8.6%40.7%12.1%0.0%-11.0%10.3%138.4K-2.1M-4.0K0.0044.09N/AN/A101,411304
2026-03-23$57.25$40.0037.9%11.9%45.4%11.9%0.0%-4.5%-0.0%126.4K-2.6M-3.6K0.0041.85N/AN/A20667294
2026-03-24$59.67$40.0039.2%14.9%46.4%12.8%0.0%-0.9%-10.9%88.4K-3.3M-2.8K0.0037.34N/AN/A30669294
2026-03-25$58.85$40.0036.1%13.4%46.5%10.7%40.0%3.8%-5.9%105.0K-3.2M-2.8K0.0046.31N/AN/A02670294
2026-03-26$56.42$40.0048.8%14.0%48.2%19.2%30.4%-25.0%19.4%98.6K-2.6M-3.4K0.6746.86N/AN/A32670296
2026-03-27$55.36$40.0044.4%12.7%47.9%16.3%0.0%-29.2%7.7%134.1K-2.3M-3.5K0.0045.12N/AN/A00670294
2026-03-30$53.55$40.0016.3%4.7%48.7%0.0%0.0%-21.7%31.9%234.5K-2.4M-3.0K0.0048.72N/AN/A210670294
2026-03-31$56.03$40.0034.0%9.7%50.1%11.5%0.0%-32.8%10.0%157.1K-2.7M-3.2K0.0042.12N/AN/A10689294