TBH Options History — April 2008

In April 2008, TBH traded between $20.48 and $25.05. ATM implied volatility averaged 55.6%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded below realized volatility by 16.9% (HV 20d: 72.4%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 7 of 19 days.

Notable Days

  • 2008-04-07: Highest Volume — 10 contracts
  • 2008-04-17: Largest IV spike — 109.1% change
  • 2008-04-02: Highest IV Rank — 60.0%
  • 2008-04-02: Largest Expected Move — 31.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.41$20.48$25.05$23.39$21.23
Max Pain$21.50$20.00$22.50$22.50$20.00
ATM IV55.6%39.0%108.9%53.4%68.2%
Expected Move15.4%11.2%31.2%15.3%19.5%
HV 20d72.4%64.5%80.8%72.8%67.4%
HV 60d59.0%55.9%61.0%55.9%60.3%
IV Rank20.8%8.6%60.0%19.3%30.1%
IV Percentile58.2%16.7%95.6%65.5%85.3%
Term Structure-7.2%-44.7%15.0%-5.3%15.0%
Skew 25d12.8%-9.3%68.7%4.2%-9.3%
Skew 10d6.4%-7.1%12.8%8.4%-7.1%
Call IV 25d80.8%68.7%94.2%68.7%89.8%
Put IV 25d93.6%70.9%162.9%72.9%80.5%
Bid-Ask Spread %138.86116.00174.91133.23120.33
Gamma HHI0.360.300.410.330.41
Net GEX36401.9K1.3K0
Net DEX-25.7K-118.9K0-61.7K0
Net VEX-176-7340-6900
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.52601000
Total OI43.84201671670

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$23.39$22.5053.4%15.3%72.8%19.3%0.0%4.2%-5.3%1.3K-61.7K-6900.00133.23N/AN/A009473
2008-04-02$24.42$22.50108.9%31.2%74.4%60.0%0.0%68.7%-44.7%941-87.5K-7340.00158.33N/AN/A009473
2008-04-03$24.78$22.5048.1%13.8%74.4%15.3%0.0%0.1%-10.7%1.4K-106.6K-6670.00133.30N/AN/A009473
2008-04-07$25.02$20.0055.4%11.2%66.6%20.6%0.0%0.6%0.9%1.4K-112.9K-6350.00129.80N/AN/A0109373
2008-04-08$25.05$20.0056.4%11.3%66.5%21.4%0.0%-9.3%0.9%1.9K-118.9K-6160.00127.23N/AN/A009373
2008-04-11$21.98$0.0039.0%11.2%80.8%8.6%0.0%0.0%1.0%0000.00140.07N/AN/A0000
2008-04-14$21.01$0.0046.7%13.4%80.3%14.2%0.0%0.0%0.3%0000.00137.34N/AN/A0000
2008-04-15$21.14$0.0048.6%13.9%80.3%15.7%0.0%0.0%-2.3%0000.00137.39N/AN/A0000
2008-04-16$21.53$0.0043.4%12.4%80.7%11.9%0.0%0.0%-7.3%0000.00139.37N/AN/A0000
2008-04-17$22.29$0.0090.8%26.0%80.6%46.7%0.0%0.0%-40.3%0000.00174.91N/AN/A0000
2008-04-18$22.34$0.0040.2%11.5%79.8%9.5%0.0%0.0%0.7%0000.00145.61N/AN/A0000
2008-04-21$22.65$0.0042.1%12.1%76.4%10.9%0.0%0.0%2.5%0000.00145.73N/AN/A0000
2008-04-22$22.01$0.0044.0%12.6%65.3%12.3%0.0%0.0%-4.4%0000.00145.01N/AN/A0000
2008-04-23$22.29$0.0043.6%12.5%65.1%12.0%0.0%0.0%-2.2%0000.00146.85N/AN/A0000
2008-04-24$22.30$0.0060.2%17.3%64.5%24.2%0.0%0.0%-10.9%0000.00116.00N/AN/A0000
2008-04-25$21.36$0.0052.0%14.9%66.4%18.2%0.0%0.0%-22.5%0000.00140.70N/AN/A0000
2008-04-28$20.59$0.0057.3%16.4%67.3%22.1%0.0%0.0%-7.1%0000.00141.83N/AN/A0000
2008-04-29$20.48$0.0057.4%16.5%66.9%22.1%0.0%0.0%-0.6%0000.00125.31N/AN/A0000
2008-04-30$21.23$0.0068.2%19.5%67.4%30.1%0.0%0.0%15.0%0000.00120.33N/AN/A0000