TBH Options History — December 2007

In December 2007, TBH traded between $21.04 and $23.80. ATM implied volatility averaged 49.7%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 3.0% (HV 20d: 52.8%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days.

Notable Days

  • 2007-12-13: Largest IV drop — 31.9% change
  • 2007-12-11: Highest IV Rank — 25.4%
  • 2007-12-06: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.77$21.04$23.80$22.84$23.51
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV49.7%39.7%62.7%48.4%52.3%
Expected Move13.1%10.6%16.0%13.9%15.0%
HV 20d52.8%44.8%61.8%60.1%44.9%
HV 60d45.8%43.5%48.1%45.0%46.9%
IV Rank16.1%8.9%25.4%15.1%17.9%
IV Percentile48.7%18.8%73.7%48.3%55.8%
Term Structure-3.9%-13.7%3.3%-3.9%-8.4%
Skew 25d2.5%-11.1%4.9%4.9%3.2%
Skew 10d10.5%7.7%27.3%8.6%8.5%
Call IV 25d53.1%42.3%67.7%44.3%67.7%
Put IV 25d55.6%39.6%70.9%49.1%70.9%
Bid-Ask Spread %133.04116.03147.68147.68133.10
Gamma HHI0.770.650.800.780.80
Net GEX1.4K7491.7K1.4K1.7K
Net DEX-19.6K-28.1K-8.7K-20.6K-24.1K
Net VEX-98-117-73-111-90
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI3232323232

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-12-03$22.84$0.0048.4%13.9%60.1%15.1%0.0%4.9%-3.9%1.4K-20.6K-1110.00147.68N/AN/A00293
2007-12-04$22.20$0.0050.5%14.5%60.7%16.6%0.0%3.4%-13.7%1.2K-16.8K-1050.00147.59N/AN/A00293
2007-12-05$23.10$0.0052.5%15.1%61.8%18.1%0.0%2.8%-6.5%1.5K-21.9K-1140.00145.21N/AN/A00293
2007-12-06$23.44$0.0055.9%16.0%61.2%20.5%0.0%2.0%-10.5%1.5K-25.2K-1170.00143.79N/AN/A00293
2007-12-07$23.42$25.0057.8%11.0%60.5%21.8%0.0%2.1%2.8%1.5K-25.1K-1160.00128.54N/AN/A00293
2007-12-10$23.80$25.0060.9%10.6%60.0%24.1%0.0%1.4%1.0%1.6K-28.1K-1170.00128.59N/AN/A00293
2007-12-11$23.18$25.0062.7%11.1%55.8%25.4%0.0%2.8%3.3%1.5K-22.6K-1090.00129.50N/AN/A00293
2007-12-12$22.92$25.0059.2%12.1%49.8%22.9%0.0%0.0%-0.4%1.5K-18.5K-990.00116.03N/AN/A00293
2007-12-13$22.40$25.0040.3%11.6%49.6%9.3%0.0%4.0%0.5%1.2K-16.2K-950.00132.07N/AN/A00293
2007-12-14$22.31$25.0039.7%11.4%49.5%8.9%0.0%-11.1%0.6%1.2K-15.1K-910.00119.46N/AN/A00293
2007-12-17$21.04$25.0047.1%13.5%51.4%14.2%0.0%4.6%-1.1%749-8.7K-730.00131.81N/AN/A00293
2007-12-18$21.48$25.0043.8%12.5%50.7%11.8%0.0%4.2%-6.2%893-11.1K-800.00131.97N/AN/A00293
2007-12-19$21.61$25.0043.5%12.5%49.4%11.6%0.0%3.9%-5.5%934-11.6K-800.00132.44N/AN/A00293
2007-12-20$21.38$25.0046.2%13.2%48.8%13.5%0.0%4.5%-9.3%857-10.2K-750.00132.56N/AN/A00293
2007-12-21$23.05$25.0042.3%12.1%56.3%10.8%0.0%4.3%0.9%1.5K-20.7K-960.00132.56N/AN/A00293
2007-12-24$23.70$25.0046.8%13.4%48.0%14.0%0.0%2.0%-5.8%1.7K-26.4K-1010.00131.06N/AN/A00293
2007-12-26$23.45$25.0047.8%13.7%47.1%14.7%0.0%2.9%-6.1%1.6K-24.1K-960.00131.84N/AN/A00293
2007-12-27$23.14$25.0047.3%13.6%44.8%14.4%0.0%4.7%-1.9%1.5K-21.1K-910.00133.04N/AN/A00293
2007-12-28$23.49$25.0049.8%14.3%44.9%16.1%0.0%3.0%-8.7%1.6K-24.3K-940.00131.94N/AN/A00293
2007-12-31$23.51$25.0052.3%15.0%44.9%17.9%0.0%3.2%-8.4%1.7K-24.1K-900.00133.10N/AN/A00293