TBH Options History — January 2008

In January 2008, TBH traded between $19.84 and $25.52. ATM implied volatility averaged 53.8%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 6.2% (HV 20d: 47.5%). 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 8 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-01-23: Highest Volume — 20 contracts
  • 2008-01-28: Largest IV spike — 141.0% change
  • 2008-01-28: Highest IV Rank — 69.4%
  • 2008-01-28: Largest Expected Move — 35.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.31$19.84$25.52$23.36$23.12
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV53.8%36.6%124.2%53.8%54.1%
Expected Move14.2%9.9%35.6%15.4%15.5%
HV 20d47.5%42.1%53.1%44.9%52.8%
HV 60d48.9%46.5%52.1%46.7%52.1%
IV Rank19.0%6.7%69.4%19.0%19.2%
IV Percentile53.6%13.5%96.0%61.2%65.5%
Term Structure-6.4%-44.7%4.6%-9.5%-8.2%
Skew 25d4.2%-0.7%13.2%4.4%6.8%
Skew 10d9.9%-2.8%17.4%7.7%7.5%
Call IV 25d66.6%36.6%164.4%70.3%70.1%
Put IV 25d70.9%38.1%177.6%74.7%77.0%
Bid-Ask Spread %140.55132.68169.59134.05140.11
Gamma HHI0.780.470.910.800.88
Net GEX1.1K1442.4K1.7K835
Net DEX-20.9K-44.9K-1.1K-22.4K-37.3K
Net VEX-90-161-35-85-161
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.95202000
Total OI30.09512323232

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-01-02$23.36$25.0053.8%15.4%44.9%19.0%0.0%4.4%-9.5%1.7K-22.4K-850.00134.05N/AN/A00293
2008-01-03$23.88$25.0053.5%15.3%44.1%18.8%0.0%1.9%-24.8%1.8K-27.7K-880.00133.08N/AN/A00293
2008-01-04$23.70$0.0059.5%11.4%42.1%23.1%0.0%2.6%2.2%1.7K-25.9K-860.00142.34N/AN/A00293
2008-01-07$24.28$0.0056.3%9.9%42.6%20.8%0.0%-0.3%4.3%1.9K-31.4K-830.00143.27N/AN/A00293
2008-01-08$24.59$0.0058.1%10.3%42.8%22.1%0.0%-0.0%3.7%2.0K-34.3K-830.00140.95N/AN/A00293
2008-01-09$25.52$0.0059.7%10.1%44.3%23.2%0.0%1.1%4.6%2.4K-44.9K-780.00132.68N/AN/A00293
2008-01-10$24.15$0.0036.6%10.5%47.9%6.7%0.0%2.2%2.0%1.8K-30.3K-760.00136.94N/AN/A00293
2008-01-11$23.05$0.0039.3%11.3%50.8%8.6%0.0%9.7%2.8%1.6K-17.1K-660.00138.68N/AN/A00293
2008-01-14$23.26$0.0042.0%12.0%50.1%10.6%0.0%-0.7%0.0%1.8K-17.5K-620.00138.40N/AN/A00293
2008-01-15$22.18$0.0039.8%11.4%53.1%9.0%0.0%1.5%0.4%1.1K-14.1K-570.00142.32N/AN/A00293
2008-01-16$21.48$0.0044.0%12.6%49.9%12.0%0.0%2.3%-7.9%775-8.2K-500.00138.74N/AN/A00293
2008-01-17$20.35$0.0045.5%13.0%53.0%13.0%0.0%5.6%-2.0%189-2.1K-380.00139.63N/AN/A00293
2008-01-18$20.47$0.0047.2%13.5%53.0%14.3%0.0%6.3%-3.2%161-2.3K-380.00138.37N/AN/A00293
2008-01-22$20.44$0.0049.1%14.1%52.9%15.6%0.0%6.0%-4.0%161-2.0K-370.00140.73N/AN/A0093
2008-01-23$19.84$0.0049.1%14.1%45.1%15.7%0.0%2.8%-7.9%144-1.1K-350.00141.20N/AN/A20093
2008-01-24$20.30$0.0050.2%14.4%44.6%16.4%0.0%6.3%-4.0%739-20.0K-1490.00140.95N/AN/A00293
2008-01-25$20.50$0.0051.5%14.8%45.0%17.4%0.0%6.7%-3.8%753-20.7K-1490.00140.37N/AN/A00293
2008-01-28$21.07$0.00124.2%35.6%46.5%69.4%0.0%13.2%-44.7%647-25.9K-1590.00169.59N/AN/A00293
2008-01-29$21.23$0.0060.9%17.5%46.2%24.1%0.0%5.8%-12.5%794-25.0K-1540.00138.77N/AN/A00293
2008-01-30$21.71$0.0054.6%15.7%47.1%19.6%0.0%4.6%-23.0%816-28.3K-1590.00140.43N/AN/A00293
2008-01-31$23.12$0.0054.1%15.5%52.8%19.2%0.0%6.8%-8.2%835-37.3K-1610.00140.11N/AN/A00293