TBH Options History — February 2008

In February 2008, TBH traded between $22.19 and $24.91. ATM implied volatility averaged 65.4%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 18.1% (HV 20d: 47.4%). Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-02-19: Highest Volume — 30 contracts
  • 2008-02-07: Largest IV spike — 141.3% change
  • 2008-02-07: Highest IV Rank — 97.4%
  • 2008-02-26: Largest Expected Move — 26.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.42$22.19$24.91$23.85$23.60
ATM IV65.4%39.2%163.3%53.9%50.0%
Expected Move13.8%9.6%26.0%15.4%14.3%
HV 20d47.4%40.1%55.7%53.4%40.1%
HV 60d48.9%43.9%52.9%52.5%45.4%
IV Rank27.3%8.6%97.4%19.1%16.3%
IV Percentile60.1%17.5%99.6%65.1%57.1%
Term Structure-5.1%-31.9%5.4%-29.3%-7.5%
Skew 25d7.5%-2.3%39.9%2.1%2.6%
Skew 10d19.8%7.2%76.6%9.0%8.8%
Call IV 25d57.5%39.3%106.0%76.3%63.5%
Put IV 25d65.0%41.9%113.6%78.4%66.1%
Bid-Ask Spread %143.48134.49176.77137.94135.74
Gamma HHI0.730.480.910.840.50
Net GEX1.3K7572.1K7722.0K
Net DEX-53.6K-92.6K-31.6K-42.1K-74.4K
Net VEX-221-328-148-160-315
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.503000
Total OI4432623262

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$23.85$0.0053.9%15.4%53.4%19.1%0.0%2.1%-29.3%772-42.1K-1600.00137.94N/AN/A00293
2008-02-04$24.02$0.0058.2%9.6%53.3%22.2%0.0%1.5%5.4%777-42.7K-1570.00134.49N/AN/A00293
2008-02-05$22.87$0.0063.5%11.5%55.4%26.0%0.0%8.1%0.7%841-36.3K-1570.00136.13N/AN/A00293
2008-02-06$22.23$0.0067.7%11.6%55.7%28.9%0.0%6.8%0.2%844-31.6K-1560.00136.72N/AN/A00293
2008-02-07$22.88$0.00163.3%21.2%55.0%97.4%0.0%39.9%-15.6%764-34.8K-1610.00175.97N/AN/A00293
2008-02-08$22.19$0.0075.7%11.1%52.7%34.7%0.0%7.5%0.3%861-31.7K-1550.00137.33N/AN/A00293
2008-02-11$22.70$0.0077.9%22.3%51.0%36.3%0.0%28.1%-17.9%757-34.0K-1590.00176.77N/AN/A00293
2008-02-12$23.60$0.00106.6%11.6%52.8%56.8%0.0%-2.3%4.4%793-40.0K-1530.00136.36N/AN/A00293
2008-02-13$23.40$0.00118.4%11.5%49.8%65.3%0.0%1.9%-0.4%814-39.1K-1500.00137.16N/AN/A00293
2008-02-14$23.29$0.0039.6%11.4%48.2%8.9%0.0%5.1%1.7%819-37.9K-1510.00137.97N/AN/A00293
2008-02-15$23.27$0.0041.1%11.8%43.1%9.9%0.0%5.1%-1.1%811-38.9K-1480.00137.78N/AN/A00293
2008-02-19$23.03$0.0040.8%11.7%43.6%9.7%0.0%4.8%1.1%829-36.3K-1480.00141.01N/AN/A300293
2008-02-20$23.23$0.0043.9%12.6%43.5%11.9%0.0%2.0%3.9%1.9K-71.7K-3270.00138.72N/AN/A00593
2008-02-21$23.60$0.0044.3%12.7%41.4%12.2%0.0%1.6%-1.2%2.0K-74.6K-3250.00138.62N/AN/A00593
2008-02-22$23.52$0.0044.3%12.7%41.3%12.2%0.0%1.6%-2.7%2.0K-73.4K-3230.00139.38N/AN/A00593
2008-02-25$23.75$0.0048.2%13.8%41.3%15.0%0.0%-0.3%-7.1%2.0K-76.7K-3230.00138.98N/AN/A00593
2008-02-26$23.91$0.0090.6%26.0%40.6%45.4%0.0%35.8%-31.9%1.9K-76.6K-3280.00173.11N/AN/A00593
2008-02-27$24.91$0.0039.2%11.2%42.4%8.6%0.0%-1.3%-0.0%2.1K-92.6K-3160.00142.12N/AN/A00593
2008-02-28$24.54$0.0041.2%11.8%42.8%10.0%0.0%-0.0%-4.8%2.0K-87.4K-3160.00137.25N/AN/A00593
2008-02-29$23.60$0.0050.0%14.3%40.1%16.3%0.0%2.6%-7.5%2.0K-74.4K-3150.00135.74N/AN/A00593