AXTI Options History — January 2012

In January 2012, AXTI traded between $4.42 and $5.41. ATM implied volatility averaged 55.0%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 4.3% (HV 20d: 50.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.27.

Notable Days

2012-01-03: Highest Volume — 161 contracts
2012-01-11: Largest IV spike — 28.1% change
2012-01-11: Highest IV Rank — 24.7%
2012-01-18: Largest Expected Move — 18.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.85	$4.42	$5.41	$4.54	$5.13
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	55.0%	42.0%	63.6%	51.1%	48.0%
Expected Move	16.3%	13.0%	18.2%	14.7%	13.8%
HV 20d	50.7%	45.7%	57.2%	46.6%	57.2%
HV 60d	72.1%	53.6%	79.3%	78.9%	54.0%
IV Rank	16.3%	4.6%	24.7%	14.4%	6.7%
IV Percentile	15.9%	0.8%	35.3%	8.3%	4.8%
Term Structure	10.7%	1.6%	34.5%	34.5%	15.3%
VWIV	58.4%	54.0%	62.2%	59.5%	54.0%
Skew 25d	33.7%	7.5%	42.8%	26.6%	34.6%
Skew 10d	61.0%	41.3%	83.8%	42.8%	83.7%
Call IV 25d	55.2%	49.2%	60.1%	58.9%	54.2%
Put IV 25d	88.9%	56.7%	98.2%	85.5%	88.7%
Bid-Ask Spread %	75.65	56.76	104.56	104.56	84.67
Gamma HHI	0.53	0.34	0.79	0.46	0.79
Net GEX	2.3K	-630	6.4K	-432	6.4K
Net DEX	69.5K	-261.6K	271.9K	235.8K	-130.7K
Net VEX	-3.1K	-3.3K	-2.9K	-3.1K	-3.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.00	1.30	0.07	0.00
Total Volume	53.95	0	161	161	46
Total OI	4,587.1	4,348	4,750	4,348	4,750

Daily Data (20 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
2012-01-03	$4.54	$5.00	51.1%	14.7%	46.6%	14.4%	0.0%	26.6%	34.5%	-432	235.8K	-3.1K	0.07	104.56	N/A	N/A	151	10	2,214	2,134
2012-01-04	$4.50	$5.00	45.3%	13.0%	46.7%	8.1%	0.0%	26.8%	27.1%	389	241.1K	-3.1K	0.27	99.63	N/A	N/A	11	3	2,310	2,144
2012-01-05	$4.52	$5.00	47.1%	13.5%	46.7%	10.1%	0.0%	28.1%	29.1%	336	214.8K	-3.1K	0.75	102.90	N/A	N/A	20	15	2,320	2,147
2012-01-06	$4.42	$5.00	42.0%	17.7%	47.0%	4.6%	0.0%	26.9%	3.8%	-630	271.9K	-2.9K	0.00	71.64	N/A	N/A	14	0	2,339	2,146
2012-01-09	$4.51	$5.00	50.1%	17.0%	45.7%	13.3%	59.5%	30.8%	7.4%	193	238.7K	-3.0K	0.00	69.86	N/A	N/A	83	0	2,339	2,142
2012-01-10	$4.64	$5.00	47.4%	17.8%	46.2%	10.4%	62.2%	33.6%	2.0%	890	186.8K	-3.2K	0.00	58.19	N/A	N/A	58	0	2,398	2,142
2012-01-11	$4.91	$5.00	60.7%	15.6%	47.5%	24.7%	54.6%	36.4%	13.2%	1.9K	95.6K	-3.3K	0.00	74.54	N/A	N/A	57	0	2,429	2,142
2012-01-12	$4.83	$5.00	59.3%	17.0%	46.5%	22.2%	59.3%	36.7%	6.7%	4.0K	73.3K	-3.3K	0.78	56.76	N/A	N/A	32	25	2,485	2,142
2012-01-13	$4.72	$5.00	56.7%	16.3%	48.0%	16.6%	0.0%	37.1%	8.8%	2.9K	146.2K	-3.2K	0.00	72.90	N/A	N/A	0	0	2,467	2,141
2012-01-17	$4.50	$5.00	61.1%	17.5%	52.2%	21.5%	0.0%	37.0%	6.5%	-447	244.2K	-2.9K	0.00	73.40	N/A	N/A	4	0	2,467	2,140
2012-01-18	$4.78	$5.00	63.6%	18.2%	55.3%	24.4%	61.6%	39.6%	2.8%	3.2K	134.6K	-3.1K	1.30	68.93	N/A	N/A	23	30	2,471	2,140
2012-01-19	$4.90	$5.00	61.5%	17.6%	54.8%	22.0%	61.5%	41.0%	3.8%	5.4K	70.2K	-3.2K	0.49	69.67	N/A	N/A	81	40	2,476	2,134
2012-01-20	$5.02	$5.00	55.5%	15.9%	53.4%	15.2%	55.4%	40.0%	10.7%	6.4K	-2.9K	-3.2K	0.71	69.21	N/A	N/A	14	10	2,500	2,151
2012-01-23	$4.99	$5.00	56.4%	16.2%	53.0%	16.3%	56.4%	42.8%	10.7%	1.6K	40.7K	-3.1K	0.00	69.60	N/A	N/A	97	0	2,360	2,141
2012-01-24	$5.17	$5.00	60.1%	17.2%	53.3%	20.4%	60.1%	38.7%	7.8%	1.5K	-55.3K	-3.2K	0.03	71.11	N/A	N/A	129	4	2,447	2,141
2012-01-25	$5.13	$5.00	57.3%	16.4%	52.4%	17.2%	57.3%	40.4%	2.8%	3.1K	-76.3K	-3.3K	0.12	71.33	N/A	N/A	52	6	2,537	2,137
2012-01-26	$5.09	$5.00	58.9%	16.9%	52.7%	19.0%	58.9%	41.6%	3.9%	3.2K	-84.4K	-3.3K	0.00	76.74	N/A	N/A	2	0	2,572	2,137
2012-01-27	$5.41	$5.00	54.5%	15.6%	54.2%	14.1%	54.0%	7.5%	15.9%	3.0K	-261.6K	-3.2K	0.00	76.04	N/A	N/A	62	0	2,573	2,137
2012-01-30	$5.31	$5.00	63.6%	18.2%	55.4%	24.3%	0.0%	28.9%	1.6%	2.8K	-192.8K	-3.2K	0.00	71.30	N/A	N/A	0	0	2,613	2,137
2012-01-31	$5.13	$5.00	48.0%	13.8%	57.2%	6.7%	0.0%	34.6%	15.3%	6.4K	-130.7K	-3.1K	0.00	84.67	N/A	N/A	0	46	2,613	2,137