AXTI Options History — February 2011

In February 2011, AXTI traded between $7.06 and $12.08. ATM implied volatility averaged 73.9%, placing in the 49.0% IV rank vs the trailing year. The 30-day expected move averaged 21.9%. IV traded above realized volatility by 6.7% (HV 20d: 67.2%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.10.

Notable Days

2011-02-15: Highest Volume — 2,038 contracts
2011-02-10: Largest IV spike — 60.0% change
2011-02-23: Highest IV Rank — 93.4%
2011-02-23: Largest Expected Move — 30.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.94	$7.06	$12.08	$11.41	$7.42
Max Pain	$8.16	$7.50	$10.00	$7.50	$7.50
ATM IV	73.9%	49.9%	106.7%	56.0%	68.0%
Expected Move	21.9%	15.6%	30.6%	16.1%	19.5%
HV 20d	67.2%	52.2%	92.3%	53.6%	92.3%
HV 60d	57.9%	51.2%	69.7%	52.4%	69.0%
IV Rank	49.0%	16.4%	93.4%	24.8%	40.9%
IV Percentile	63.6%	7.2%	98.8%	27.2%	55.8%
Term Structure	-7.4%	-20.5%	9.8%	3.8%	1.1%
VWIV	79.2%	54.1%	105.2%	54.1%	67.6%
Skew 25d	6.2%	-23.1%	22.6%	18.7%	14.2%
Skew 10d	9.1%	-41.8%	45.1%	21.7%	22.5%
Call IV 25d	68.3%	48.9%	98.9%	48.9%	54.8%
Put IV 25d	74.5%	55.0%	104.0%	67.6%	69.0%
Bid-Ask Spread %	52.35	10.79	76.56	42.71	10.79
Gamma HHI	0.46	0.37	0.52	0.48	0.38
Net GEX	40.1K	23.4K	63.4K	23.4K	34.8K
Net DEX	-2.3M	-3.0M	-790.5K	-2.0M	-1.1M
Net VEX	-6.4K	-9.8K	-4.0K	-4.0K	-6.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	0.40	0.00	0.30
Total Volume	630	105	2,038	136	243
Total OI	6,588.105	3,794	9,630	3,794	9,571

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2011-02-01	$11.41	$7.50	56.0%	16.1%	53.6%	24.8%	0.0%	18.7%	3.8%	23.4K	-2.0M	-4.0K	0.00	42.71	N/A	N/A	136	0	2,431	1,363
2011-02-02	$11.42	$7.50	54.7%	15.7%	52.2%	23.0%	0.0%	14.3%	5.7%	25.9K	-2.1M	-4.1K	0.00	37.06	N/A	N/A	105	0	2,555	1,363
2011-02-03	$11.23	$7.50	54.5%	15.6%	52.2%	22.7%	54.1%	14.8%	9.8%	27.2K	-2.1M	-4.2K	0.03	36.49	N/A	N/A	175	5	2,657	1,363
2011-02-04	$11.28	$10.00	55.9%	19.1%	52.2%	24.6%	76.9%	22.6%	-9.5%	29.6K	-2.2M	-4.4K	0.00	76.56	N/A	N/A	129	0	2,786	1,363
2011-02-07	$12.08	$10.00	57.1%	19.8%	57.0%	26.2%	70.4%	6.4%	-8.4%	30.9K	-2.7M	-4.2K	0.00	75.51	N/A	N/A	766	0	2,898	1,363
2011-02-08	$11.98	$7.50	57.7%	19.2%	55.8%	27.0%	67.8%	3.1%	-7.1%	31.9K	-2.7M	-4.3K	0.03	60.87	N/A	N/A	293	10	3,003	1,363
2011-02-09	$11.78	$7.50	49.9%	18.7%	56.2%	16.4%	66.2%	6.7%	-7.7%	36.9K	-2.8M	-4.8K	0.00	61.30	N/A	N/A	169	0	3,213	1,368
2011-02-10	$11.18	$7.50	79.9%	22.9%	59.6%	57.0%	76.7%	4.4%	-9.6%	35.2K	-2.5M	-5.0K	0.01	65.23	N/A	N/A	1,002	14	3,323	1,368
2011-02-11	$11.22	$7.50	79.6%	22.8%	59.5%	56.7%	78.6%	0.9%	-12.2%	43.3K	-3.0M	-6.2K	0.02	60.70	N/A	N/A	907	15	4,200	1,382
2011-02-14	$9.67	$7.50	83.5%	23.9%	75.4%	61.9%	84.3%	-2.4%	-10.9%	46.1K	-2.3M	-6.5K	0.16	61.95	N/A	N/A	1,036	169	5,005	1,397
2011-02-15	$9.18	$10.00	89.8%	25.7%	76.7%	70.5%	90.6%	11.9%	-16.5%	44.0K	-2.1M	-7.0K	0.06	56.18	N/A	N/A	1,920	118	5,611	1,485
2011-02-16	$9.20	$10.00	89.1%	25.6%	71.1%	69.6%	88.2%	0.0%	-11.3%	56.5K	-2.8M	-9.1K	0.04	74.72	N/A	N/A	475	20	7,181	1,574
2011-02-17	$9.03	$10.00	95.1%	27.3%	71.0%	77.6%	94.9%	2.2%	-16.4%	58.2K	-2.8M	-9.5K	0.15	71.80	N/A	N/A	514	78	7,624	1,574
2011-02-18	$9.15	$7.50	92.5%	26.5%	70.4%	74.1%	92.6%	0.0%	-16.4%	63.4K	-3.0M	-9.8K	0.32	75.21	N/A	N/A	403	129	7,983	1,647
2011-02-22	$8.72	$7.50	100.6%	28.8%	70.4%	85.1%	98.2%	1.0%	-15.7%	59.4K	-2.6M	-9.4K	0.13	30.07	N/A	N/A	631	83	7,624	625
2011-02-23	$8.36	$7.50	106.7%	30.6%	70.9%	93.4%	105.2%	0.5%	-20.5%	55.9K	-2.3M	-9.2K	0.18	68.03	N/A	N/A	550	101	7,941	635
2011-02-24	$7.06	$7.50	66.3%	19.0%	88.5%	38.7%	67.3%	-23.1%	2.9%	23.8K	-790.5K	-5.5K	0.40	14.39	N/A	N/A	1,098	435	8,157	716
2011-02-25	$7.42	$7.50	68.2%	19.6%	92.2%	41.3%	66.6%	9.1%	-1.4%	35.1K	-1.1M	-6.9K	0.09	15.13	N/A	N/A	221	20	8,457	1,005
2011-02-28	$7.42	$7.50	68.0%	19.5%	92.3%	40.9%	67.6%	14.2%	1.1%	34.8K	-1.1M	-6.7K	0.30	10.79	N/A	N/A	187	56	8,556	1,015