TBH Options History — August 2007

In August 2007, TBH traded between $17.50 and $22.71. ATM implied volatility averaged 73.4%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 26.2% (HV 20d: 99.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2007-08-08: Highest Volume — 5 contracts
2007-08-28: Largest IV spike — 154.8% change
2007-08-15: Highest IV Rank — 88.6%
2007-08-01: Largest Expected Move — 36.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.64	$17.50	$22.71	$21.49	$22.71
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	73.4%	40.9%	151.0%	128.1%	50.3%
Expected Move	15.8%	10.8%	36.7%	36.7%	14.4%
HV 20d	99.6%	40.0%	231.9%	231.7%	65.4%
HV 60d	138.1%	136.8%	140.4%	136.8%	140.4%
IV Rank	33.0%	9.8%	88.6%	72.2%	16.5%
IV Percentile	64.5%	22.4%	99.4%	96.5%	42.8%
Term Structure	-10.2%	-69.8%	2.7%	-69.8%	-19.4%
VWIV	84.6%	84.6%	84.6%	84.6%	84.6%
Skew 25d	6.2%	-3.6%	34.6%	7.8%	4.6%
Skew 10d	17.2%	8.6%	36.3%	36.3%	10.6%
Call IV 25d	65.3%	23.4%	143.8%	98.5%	63.2%
Put IV 25d	71.5%	49.4%	156.1%	106.3%	67.8%
Bid-Ask Spread %	131.87	121.93	188.57	188.57	122.54
Gamma HHI	0.92	0.52	1.00	1.00	1.00
Net GEX	636	279	1.1K	518	1.1K
Net DEX	-13.1K	-20.4K	-4.3K	-17.0K	-20.4K
Net VEX	-91	-115	-49	-114	-115
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.435	0	5	0	0
Total OI	22.391	20	25	20	25

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2007-08-01	$21.49	$0.00	128.1%	36.7%	231.7%	72.2%	0.0%	7.8%	-69.8%	518	-17.0K	-114	188.57	N/A	N/A	0	20
2007-08-02	$21.88	$0.00	53.7%	15.4%	231.9%	18.9%	0.0%	2.7%	-20.1%	675	-15.0K	-110	160.75	N/A	N/A	0	20
2007-08-03	$21.13	$0.00	64.0%	18.3%	229.6%	26.3%	0.0%	3.7%	-12.9%	603	-12.6K	-102	154.74	N/A	N/A	0	20
2007-08-06	$21.11	$0.00	69.9%	11.9%	228.6%	30.5%	0.0%	3.8%	2.7%	598	-12.2K	-94	122.61	N/A	N/A	0	20
2007-08-07	$21.33	$0.00	70.2%	11.2%	228.7%	30.7%	0.0%	3.7%	-0.7%	595	-13.3K	-100	122.35	N/A	N/A	0	20
2007-08-08	$21.61	$0.00	68.5%	10.8%	229.2%	29.6%	0.0%	3.3%	2.2%	660	-13.6K	-101	122.42	N/A	N/A	5	20
2007-08-09	$20.41	$0.00	78.9%	11.5%	40.0%	37.0%	0.0%	4.2%	2.4%	865	-16.8K	-98	123.64	N/A	N/A	0	25
2007-08-10	$20.09	$0.00	84.6%	12.4%	40.0%	41.1%	0.0%	5.4%	-0.5%	799	-15.1K	-88	123.44	N/A	N/A	0	25
2007-08-13	$19.94	$0.00	107.4%	12.5%	40.0%	57.4%	0.0%	5.0%	-0.5%	769	-14.5K	-86	124.42	N/A	N/A	0	25
2007-08-14	$18.91	$0.00	125.0%	13.1%	42.8%	70.0%	0.0%	4.5%	-12.0%	568	-10.0K	-64	123.79	N/A	N/A	0	25
2007-08-15	$18.03	$0.00	151.0%	13.3%	44.6%	88.6%	0.0%	5.6%	1.4%	279	-4.3K	-49	125.24	N/A	N/A	0	25
2007-08-16	$17.50	$0.00	105.6%	30.3%	43.6%	56.1%	0.0%	13.7%	-26.1%	289	-8.2K	-71	148.26	N/A	N/A	0	25
2007-08-17	$18.51	$0.00	50.9%	14.6%	50.4%	16.9%	0.0%	5.1%	-6.8%	336	-5.2K	-53	124.15	N/A	N/A	0	25
2007-08-20	$18.51	$0.00	52.6%	15.1%	49.8%	18.1%	0.0%	5.5%	-7.6%	337	-5.2K	-52	124.52	N/A	N/A	0	20
2007-08-21	$18.76	$0.00	55.0%	15.8%	49.7%	19.9%	0.0%	2.9%	-17.0%	366	-5.7K	-60	121.93	N/A	N/A	0	20
2007-08-22	$20.62	$0.00	46.9%	13.5%	61.9%	14.1%	0.0%	5.1%	-3.7%	550	-10.9K	-89	124.51	N/A	N/A	0	20
2007-08-23	$21.80	$0.00	42.7%	12.2%	61.0%	11.1%	0.0%	3.2%	-4.6%	719	-13.9K	-98	124.61	N/A	N/A	0	20
2007-08-24	$22.65	$0.00	40.9%	11.7%	62.4%	9.8%	0.0%	34.6%	0.6%	731	-17.6K	-108	125.47	N/A	N/A	0	20
2007-08-27	$22.29	$0.00	42.5%	12.2%	61.6%	10.9%	84.6%	-3.6%	1.4%	712	-17.6K	-110	124.19	N/A	N/A	5	20
2007-08-28	$21.08	$25.00	108.3%	31.0%	64.7%	58.0%	0.0%	11.4%	-30.0%	660	-18.6K	-110	147.61	N/A	N/A	0	25
2007-08-29	$22.03	$25.00	45.5%	13.0%	66.6%	13.1%	0.0%	6.6%	-8.0%	970	-16.1K	-109	126.19	N/A	N/A	0	25
2007-08-30	$22.25	$25.00	45.2%	13.0%	66.4%	12.9%	0.0%	4.7%	-6.4%	978	-17.5K	-108	127.03	N/A	N/A	0	25
2007-08-31	$22.71	$25.00	50.3%	14.4%	65.4%	16.5%	0.0%	4.6%	-19.4%	1.1K	-20.4K	-115	122.54	N/A	N/A	0	25