TBH Options History — November 2008

In November 2008, TBH traded between $7.99 and $11.06. ATM implied volatility averaged 144.3%, placing in the 66.0% IV rank vs the trailing year. The 30-day expected move averaged 38.7%. IV traded above realized volatility by 10.5% (HV 20d: 133.8%). Max pain ranged from $7.50 to $17.50. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 1 of 19 days.

Notable Days

  • 2008-11-19: Largest IV spike — 87.4% change
  • 2008-11-11: Highest IV Rank — 90.8%
  • 2008-11-11: Largest Expected Move — 53.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.26$7.99$11.06$9.70$11.06
Max Pain$13.50$7.50$17.50$7.50$17.50
ATM IV144.3%73.8%184.8%182.4%103.4%
Expected Move38.7%21.2%53.0%50.9%29.7%
HV 20d133.8%106.0%156.6%156.6%113.4%
HV 60d123.2%116.3%131.4%116.3%131.1%
IV Rank66.0%23.0%90.8%89.3%40.9%
IV Percentile83.8%62.3%97.6%96.8%70.6%
Term Structure3.8%-19.6%44.8%44.8%-19.6%
Skew 25d-25.7%-59.9%5.1%-59.9%-19.3%
Call IV 25d169.2%144.5%199.3%199.3%164.3%
Put IV 25d143.5%138.2%149.6%139.3%145.0%
Bid-Ask Spread %145.52115.48180.12154.09126.83
Gamma HHI0.500.330.840.350.50
Net GEX-82-4366-24-1
Net DEX1.4K-2.0K5.1K4.6K-410
Net VEX-45-55-36-45-55
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI39.73720454520

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-11-03$9.70$7.50182.4%0.0%156.6%89.3%0.0%-59.9%0.0%-244.6K-450.00154.09N/AN/A001035
2008-11-04$9.84$7.50182.9%0.0%150.3%89.6%0.0%-54.3%44.8%64.7K-440.00150.86N/AN/A001035
2008-11-05$9.02$7.50171.1%0.0%153.0%82.4%0.0%-2.7%0.0%-1253.5K-470.00173.86N/AN/A001035
2008-11-06$8.35$7.50170.3%0.0%146.4%81.9%0.0%-16.1%0.0%-4164.4K-490.00172.88N/AN/A001035
2008-11-07$9.21$0.00177.5%50.9%148.8%86.3%0.0%-59.8%-13.9%-603.4K-460.00179.67N/AN/A001035
2008-11-10$8.86$0.00179.1%51.3%131.3%87.3%0.0%1.2%0.0%-1055.1K-380.00173.95N/AN/A001035
2008-11-11$9.10$0.00184.8%53.0%131.9%90.8%0.0%5.1%-19.6%-364.6K-380.00162.75N/AN/A001035
2008-11-12$8.25$0.00181.8%0.0%133.9%88.9%0.0%-19.3%0.0%-4364.8K-430.00180.12N/AN/A001035
2008-11-13$9.46$7.50124.0%0.0%141.2%53.6%0.0%0.0%0.0%-5-1.7K-480.00171.43N/AN/A001035
2008-11-14$9.25$7.50107.5%0.0%141.1%43.5%0.0%0.0%0.0%-6449-490.00145.62N/AN/A001035
2008-11-17$9.25$17.50126.5%36.3%141.0%55.1%0.0%0.0%0.0%1-1.9K-460.00123.07N/AN/A001035
2008-11-18$9.10$17.5073.8%21.2%139.0%23.0%0.0%0.0%0.0%54.6K-360.00115.48N/AN/A001035
2008-11-19$8.65$17.50138.4%39.7%118.3%62.4%0.0%0.0%0.0%-4-2.0K-420.00121.68N/AN/A001035
2008-11-20$7.99$17.50150.7%43.2%121.8%69.9%0.0%0.0%0.0%-352-1.9K-390.00120.48N/AN/A001035
2008-11-21$8.50$17.50141.3%40.5%123.6%64.2%0.0%0.0%0.0%-1-2.0K-410.00121.41N/AN/A001035
2008-11-24$9.57$17.50114.2%32.7%130.2%47.6%0.0%0.0%0.0%1-524-480.00119.19N/AN/A001010
2008-11-25$9.70$17.50124.6%35.7%106.0%53.9%0.0%0.0%0.0%-1-1.5K-470.00123.86N/AN/A001010
2008-11-26$11.00$17.50106.7%30.6%113.5%42.9%0.0%0.0%0.0%-1-789-540.00127.67N/AN/A001010
2008-11-28$11.06$17.50103.4%29.7%113.4%40.9%0.0%0.0%0.0%-1-410-550.00126.83N/AN/A001010