TBH Options History — July 2008

In July 2008, TBH traded between $18.54 and $21.16. ATM implied volatility averaged 66.1%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 26.8% (HV 20d: 39.3%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2008-07-18: Highest Volume — 5 contracts
  • 2008-07-29: Largest IV spike — 132.5% change
  • 2008-07-29: Highest IV Rank — 76.5%
  • 2008-07-29: Largest Expected Move — 37.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.86$18.54$21.16$19.67$20.61
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV66.1%44.0%132.3%44.0%57.1%
Expected Move17.6%12.6%37.9%12.6%16.4%
HV 20d39.3%34.7%44.6%44.6%44.2%
HV 60d40.9%37.7%47.2%47.2%40.5%
IV Rank27.1%10.0%76.5%12.3%19.6%
IV Percentile64.4%29.0%98.0%32.5%67.1%
Term Structure-15.3%-56.7%4.5%-1.7%-2.7%
VWIV41.8%38.5%45.1%38.5%45.1%
Bid-Ask Spread %153.65130.49193.21137.16147.88
Gamma HHI0.970.751.001.000.84
Net GEX-51-3300-220
Net DEX2.2K09.5K1.7K0
Net VEX-3-150-30
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.4760500
Total OI1.4760610

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$19.67$0.0044.0%12.6%44.6%12.3%0.0%0.0%-1.7%-221.7K-30.00137.16N/AN/A0001
2008-07-02$19.19$0.0057.1%16.4%43.3%21.9%0.0%0.0%-24.4%-191.6K-20.00130.49N/AN/A0001
2008-07-03$19.31$0.0057.4%16.4%37.4%22.1%0.0%0.0%-24.7%-191.6K-20.00132.48N/AN/A0001
2008-07-07$18.54$0.0079.0%13.8%38.3%38.1%0.0%0.0%-11.4%-181.5K-30.00146.08N/AN/A0001
2008-07-08$18.55$0.0081.6%14.0%35.8%39.9%0.0%0.0%-11.7%-181.5K-30.00146.08N/AN/A0001
2008-07-09$18.86$0.0076.9%12.7%36.5%36.5%0.0%0.0%-7.5%-171.6K-20.00137.48N/AN/A0001
2008-07-10$19.13$0.0044.9%12.9%37.2%10.7%0.0%0.0%-6.9%-161.7K-20.00147.79N/AN/A0001
2008-07-11$19.36$0.0044.0%12.6%36.8%10.0%0.0%0.0%-3.9%-181.7K-20.00149.72N/AN/A0001
2008-07-14$19.29$0.0045.9%13.2%35.4%11.5%0.0%0.0%-6.2%-191.7K-20.00141.58N/AN/A0001
2008-07-15$19.83$0.0099.2%28.4%37.1%51.4%0.0%0.0%-42.7%-211.4K-30.00190.39N/AN/A0001
2008-07-16$20.75$0.0098.2%28.1%40.3%50.7%0.0%0.0%-38.6%-251.4K-40.00189.22N/AN/A0001
2008-07-17$21.16$0.0049.0%14.1%40.6%13.5%0.0%0.0%-1.3%-301.7K-30.00142.53N/AN/A0001
2008-07-18$21.10$0.0047.3%13.5%40.5%12.2%38.5%0.0%4.5%-311.7K-30.00138.21N/AN/A0501
2008-07-21$20.77$22.50107.1%30.7%34.7%57.5%0.0%0.0%-34.1%-1717.2K-150.00189.22N/AN/A0006
2008-07-22$20.54$22.5048.9%14.0%34.8%13.4%0.0%0.0%0.1%-2949.5K-110.00154.89N/AN/A0006
2008-07-23$21.14$22.5053.0%15.2%35.7%16.5%45.1%0.0%-7.1%-3308.8K-130.00149.85N/AN/A0506
2008-07-25$19.62$0.0052.2%15.0%43.4%15.9%0.0%0.0%-12.5%0000.00158.01N/AN/A0000
2008-07-28$19.39$0.0056.9%16.3%42.0%19.5%0.0%0.0%-26.2%0000.00157.39N/AN/A0000
2008-07-29$19.78$0.00132.3%37.9%42.6%76.5%0.0%0.0%-56.7%0000.00193.21N/AN/A0000
2008-07-30$20.53$0.0057.1%16.4%44.5%19.6%0.0%0.0%-5.7%0000.00147.03N/AN/A0000
2008-07-31$20.61$0.0057.1%16.4%44.2%19.6%0.0%0.0%-2.7%0000.00147.88N/AN/A0000