TBH Options History — July 2007

In July 2007, TBH traded between $21.12 and $44.65. ATM implied volatility averaged 41.0%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 131.3% (HV 20d: 172.3%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-07-25: Highest Volume — 20 contracts
  • 2007-07-26: Largest IV spike — 23.1% change
  • 2007-07-27: Highest IV Rank — 19.1%
  • 2007-07-27: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.79$21.12$44.65$40.30$21.66
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV41.0%27.3%53.9%27.3%53.1%
Expected Move11.7%7.8%15.5%7.8%15.2%
HV 20d172.3%31.2%232.9%32.5%232.5%
HV 60d104.8%31.1%136.9%31.9%136.8%
IV Rank10.8%2.4%19.1%5.7%18.5%
IV Percentile29.5%7.9%54.6%16.7%53.1%
Term Structure-1.6%-20.6%7.9%7.9%-20.6%
Skew 25d2.6%-1.3%4.8%4.0%3.1%
Skew 10d10.4%8.6%13.5%8.6%12.2%
Call IV 25d40.9%31.9%46.6%39.6%46.6%
Put IV 25d43.5%33.1%49.8%43.6%49.8%
Bid-Ask Spread %139.81109.42158.97116.78156.10
Gamma HHI0.980.901.000.931.00
Net GEX83202.7K2.7K649
Net DEX-35.0K-121.1K0-87.9K-13.1K
Net VEX-155-4770-429-101
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.302000
Total OI17.70484220

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-07-02$40.30$35.0027.3%7.8%32.5%0.0%0.0%4.0%7.9%2.7K-87.9K-4290.00116.78N/AN/A00393
2007-07-03$40.68$35.0031.9%9.1%31.7%0.0%0.0%1.8%1.8%2.6K-91.5K-4340.00115.94N/AN/A05394
2007-07-05$43.02$35.0035.2%10.1%36.3%5.7%0.0%3.9%-8.8%2.2K-104.5K-4770.00113.90N/AN/A00398
2007-07-06$44.43$0.0030.6%8.9%33.0%2.4%0.0%1.2%0.0%2.3K-119.2K-4460.00109.42N/AN/A00398
2007-07-09$44.65$0.0032.3%8.9%31.2%3.6%0.0%2.1%-0.3%2.2K-121.0K-4430.00109.83N/AN/A10398
2007-07-10$44.26$0.0034.9%8.9%31.7%5.5%0.0%1.1%0.1%2.3K-121.1K-4490.00110.34N/AN/A00408
2007-07-12$23.29$0.0039.1%11.2%232.9%8.5%0.0%0.0%3.8%0000.00146.52N/AN/A0000
2007-07-13$23.27$0.0039.3%11.3%232.6%8.6%0.0%0.0%4.0%0000.00146.90N/AN/A0000
2007-07-16$23.17$0.0039.9%11.4%231.9%9.0%0.0%0.0%4.7%0000.00149.81N/AN/A0000
2007-07-17$23.27$0.0040.7%11.7%231.7%9.7%0.0%0.0%3.4%0000.00149.26N/AN/A0000
2007-07-18$23.25$0.0041.4%11.9%231.8%10.2%0.0%0.0%2.7%0000.00148.53N/AN/A0000
2007-07-19$23.65$0.0043.1%12.4%232.1%11.4%0.0%0.0%3.2%0000.00148.30N/AN/A0000
2007-07-20$23.51$0.0043.8%12.5%232.2%11.8%0.0%0.0%1.1%0000.00148.36N/AN/A0000
2007-07-23$23.79$0.0043.5%12.5%232.0%11.6%0.0%-1.3%-9.3%0000.00148.99N/AN/A0000
2007-07-24$22.92$0.0043.1%12.4%232.0%11.4%0.0%4.8%2.4%0000.00156.06N/AN/A0000
2007-07-25$22.54$0.0043.5%12.5%232.0%11.6%0.0%3.8%-0.2%0000.00158.55N/AN/A20000
2007-07-26$21.12$0.0053.5%15.4%231.7%18.8%0.0%3.5%-6.3%573-13.3K-1040.00151.87N/AN/A00200
2007-07-27$21.17$0.0053.9%15.5%231.7%19.1%0.0%3.5%-7.0%566-13.0K-1020.00151.74N/AN/A00200
2007-07-30$21.92$0.0049.9%14.3%232.5%16.2%0.0%2.8%-14.7%637-15.6K-1100.00158.97N/AN/A00200
2007-07-31$21.66$0.0053.1%15.2%232.5%18.5%0.0%3.1%-20.6%649-13.1K-1010.00156.10N/AN/A00200