TBH Options History — November 2007

In November 2007, TBH traded between $21.37 and $25.09. ATM implied volatility averaged 57.6%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 11.8% (HV 20d: 45.8%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days.

Notable Days

  • 2007-11-15: Largest IV drop — 65.9% change
  • 2007-11-14: Highest IV Rank — 65.4%
  • 2007-11-01: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.45$21.37$25.09$24.51$22.98
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV57.6%36.3%118.6%48.2%46.4%
Expected Move12.0%10.4%13.8%13.8%13.3%
HV 20d45.8%32.7%60.8%34.0%60.2%
HV 60d45.9%42.2%48.7%48.7%46.4%
IV Rank21.7%6.4%65.4%15.0%13.7%
IV Percentile52.8%14.5%94.5%46.9%45.4%
Term Structure-3.8%-16.7%3.8%-14.1%-2.4%
Skew 25d2.4%-2.3%5.2%-1.9%4.7%
Skew 10d9.8%4.6%14.3%6.0%8.8%
Call IV 25d41.1%36.3%44.9%40.4%43.4%
Put IV 25d43.5%37.3%48.2%38.4%48.1%
Bid-Ask Spread %136.03108.00154.00154.00144.86
Gamma HHI0.750.640.810.660.78
Net GEX1.4K8781.6K1.5K1.4K
Net DEX-27.7K-42.2K-11.7K-37.5K-21.6K
Net VEX-136-161-94-161-118
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI38.28632434332

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-11-01$24.51$25.0048.2%13.8%34.0%15.0%0.0%-1.9%-14.1%1.5K-37.5K-1610.00154.00N/AN/A00403
2007-11-02$24.62$25.0045.5%13.0%33.2%13.0%0.0%4.3%-14.4%1.5K-37.9K-1570.00108.00N/AN/A00403
2007-11-05$24.44$0.0055.7%11.3%32.8%20.3%0.0%-1.8%-1.8%1.5K-36.7K-1580.00133.31N/AN/A00403
2007-11-06$25.09$0.0059.6%11.5%32.7%23.1%0.0%-2.3%-2.1%1.6K-42.2K-1580.00130.88N/AN/A00403
2007-11-07$24.27$0.0060.9%11.0%34.7%24.1%0.0%-1.9%-4.1%1.5K-35.8K-1560.00119.27N/AN/A00403
2007-11-08$23.64$0.0073.6%11.0%35.6%33.2%0.0%2.7%3.8%1.6K-29.1K-1490.00137.92N/AN/A00403
2007-11-09$23.04$0.0074.0%11.1%35.1%33.5%0.0%4.9%-0.9%1.4K-25.5K-1400.00138.92N/AN/A00403
2007-11-12$21.60$0.0095.6%11.2%39.7%48.9%0.0%2.9%-1.0%967-16.6K-1190.00134.32N/AN/A00403
2007-11-13$23.20$0.00103.8%11.1%47.7%54.8%0.0%5.2%2.5%1.4K-25.8K-1350.00128.27N/AN/A00403
2007-11-14$23.76$0.00118.6%11.1%48.5%65.4%0.0%2.3%-10.1%1.3K-31.3K-1450.00136.02N/AN/A00403
2007-11-15$23.53$0.0040.5%11.6%48.4%9.5%0.0%4.5%0.4%1.6K-27.2K-1390.00136.84N/AN/A00403
2007-11-16$24.32$0.0036.3%10.4%47.7%6.4%0.0%-1.8%0.5%1.4K-34.5K-1450.00137.10N/AN/A00403
2007-11-19$23.36$0.0041.8%12.0%48.1%10.4%0.0%4.4%-0.7%1.5K-25.9K-1320.00138.23N/AN/A00293
2007-11-20$24.05$0.0039.7%11.4%48.6%8.9%0.0%0.1%-6.0%1.4K-31.0K-1390.00128.55N/AN/A00293
2007-11-21$23.41$0.0042.6%12.2%49.4%11.0%0.0%4.5%-0.1%1.5K-25.3K-1330.00138.62N/AN/A00293
2007-11-23$23.21$0.0043.0%12.3%49.3%11.2%0.0%4.7%-0.2%1.4K-24.1K-1270.00140.29N/AN/A00293
2007-11-26$21.37$0.0047.9%13.7%56.8%14.8%0.0%3.5%-16.7%878-11.7K-940.00140.04N/AN/A00293
2007-11-27$22.08$0.0044.0%12.6%58.1%12.0%0.0%2.5%-6.7%1.1K-16.7K-1090.00144.78N/AN/A00293
2007-11-28$23.08$0.0045.9%13.2%60.8%13.4%0.0%4.2%-3.3%1.4K-23.0K-1210.00142.15N/AN/A00293
2007-11-29$22.85$0.0045.6%13.1%60.4%13.2%0.0%4.7%-2.5%1.3K-21.6K-1190.00144.19N/AN/A00293
2007-11-30$22.98$0.0046.4%13.3%60.2%13.7%0.0%4.7%-2.4%1.4K-21.6K-1180.00144.86N/AN/A00293