TBH Options History — April 2007

In April 2007, TBH traded between $30.16 and $35.59. ATM implied volatility averaged 51.9%. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 21.5% (HV 20d: 30.3%). Max pain ranged from $22.50 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-04-11: Highest Volume — 4 contracts
  • 2007-04-13: Largest IV spike — 63.3% change
  • 2007-04-27: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.91$30.16$35.59$30.16$34.61
Max Pain$32.06$22.50$35.00$22.50$35.00
ATM IV51.9%27.6%78.0%60.4%57.9%
Expected Move13.3%7.9%19.2%17.3%16.6%
HV 20d30.3%28.0%32.5%31.3%29.5%
HV 60d32.5%30.0%33.3%32.0%33.3%
Term Structure-7.0%-40.5%25.2%-33.1%-21.2%
VWIV52.2%42.6%62.7%51.4%62.7%
Skew 25d10.1%4.2%26.6%10.2%4.6%
Skew 10d11.9%-4.5%26.4%7.7%20.1%
Call IV 25d47.0%22.8%89.0%43.4%66.0%
Put IV 25d57.1%48.2%97.7%53.5%70.6%
Bid-Ask Spread %136.51126.77156.77156.77132.51
Gamma HHI0.830.431.000.491.00
Net GEX16430275160112
Net DEX-6.1K-15.2K-1.9K-9.9K-1.9K
Net VEX-14-16-9-13-13
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.40400
Total OI4.23663

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-04-02$30.16$22.5060.4%17.3%31.3%0.0%0.0%10.2%-33.1%160-9.9K-130.00156.77N/AN/A0051
2007-04-03$30.71$22.5061.7%17.7%28.5%0.0%0.0%9.6%-37.9%153-10.6K-120.00156.53N/AN/A0051
2007-04-04$30.56$22.5063.3%18.1%28.7%0.0%0.0%9.7%-38.1%158-10.4K-120.00156.46N/AN/A0051
2007-04-05$30.85$22.5064.2%18.4%28.4%0.0%0.0%10.0%-40.5%154-10.8K-120.00156.60N/AN/A0051
2007-04-09$32.10$0.0078.0%8.7%30.8%0.0%0.0%26.6%25.2%112-12.2K-110.00133.69N/AN/A0051
2007-04-10$33.21$0.0071.1%9.1%32.2%0.0%51.4%18.4%14.9%76-12.9K-120.00135.36N/AN/A2051
2007-04-11$34.99$0.0067.2%12.3%32.5%0.0%42.6%4.8%-8.4%30-15.2K-90.00133.93N/AN/A4051
2007-04-12$34.89$35.0027.6%7.9%32.5%0.0%0.0%16.2%22.0%217-12.6K-160.00133.95N/AN/A0051
2007-04-13$34.87$35.0045.1%12.9%32.5%0.0%0.0%4.2%-12.9%115-2.2K-160.00132.33N/AN/A0021
2007-04-16$35.00$35.0046.1%13.2%31.4%0.0%0.0%4.8%-12.7%123-2.3K-150.00132.27N/AN/A0021
2007-04-17$34.79$35.0047.6%13.6%31.6%0.0%0.0%4.5%-15.4%111-2.1K-150.00132.44N/AN/A0021
2007-04-18$34.83$35.0038.0%10.9%31.7%0.0%0.0%12.0%4.8%248-2.0K-150.00131.27N/AN/A0021
2007-04-19$34.95$35.0037.6%10.8%29.8%0.0%0.0%12.1%6.2%268-2.2K-150.00131.16N/AN/A0021
2007-04-20$35.34$35.0035.0%10.0%29.7%0.0%0.0%4.7%11.6%192-2.6K-150.00131.23N/AN/A0021
2007-04-23$34.89$35.0040.7%11.7%30.2%0.0%0.0%12.7%7.3%253-2.1K-140.00131.35N/AN/A0021
2007-04-24$35.05$35.0044.3%12.7%29.9%0.0%0.0%8.3%-0.2%195-2.3K-140.00126.85N/AN/A0021
2007-04-25$35.59$35.0040.2%11.5%29.0%0.0%0.0%9.9%8.2%275-3.0K-140.00126.83N/AN/A0021
2007-04-26$35.25$35.0044.5%12.7%28.5%0.0%0.0%10.1%1.8%220-2.5K-140.00126.77N/AN/A0021
2007-04-27$35.47$35.0066.8%19.2%28.0%0.0%62.7%8.8%-21.7%98-2.6K-140.00131.83N/AN/A2021
2007-04-30$34.61$35.0057.9%16.6%29.5%0.0%0.0%4.6%-21.2%112-1.9K-130.00132.51N/AN/A0021