AXTI Options History — July 2012

In July 2012, AXTI traded between $3.38 and $4.11. ATM implied volatility averaged 91.6%, placing in the 41.7% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded above realized volatility by 46.6% (HV 20d: 45.0%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.27.

Notable Days

2012-07-31: Highest Volume — 277 contracts
2012-07-20: Largest IV spike — 70.2% change
2012-07-26: Highest IV Rank — 90.2%
2012-07-26: Largest Expected Move — 45.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.78	$3.38	$4.11	$4.05	$3.49
Max Pain	$4.64	$2.50	$5.00	$2.50	$5.00
ATM IV	91.6%	40.0%	160.1%	74.6%	115.2%
Expected Move	24.4%	11.5%	45.9%	21.4%	33.0%
HV 20d	45.0%	38.2%	59.7%	59.7%	38.2%
HV 60d	67.1%	46.7%	73.0%	72.9%	46.7%
IV Rank	41.7%	5.3%	90.2%	29.8%	58.4%
IV Percentile	68.2%	2.4%	99.6%	59.1%	94.8%
Term Structure	-23.1%	-96.8%	28.2%	-5.6%	-88.0%
VWIV	67.8%	39.4%	108.2%	66.0%	108.2%
Skew 25d	14.6%	-14.8%	47.9%	7.3%	1.7%
Skew 10d	16.7%	-14.1%	56.4%	9.5%	-11.1%
Call IV 25d	66.8%	47.3%	86.1%	66.5%	47.3%
Put IV 25d	81.4%	48.6%	129.8%	73.8%	49.0%
Bid-Ask Spread %	101.50	76.63	116.73	116.47	83.72
Gamma HHI	0.69	0.48	0.86	0.75	0.63
Net GEX	-3.4K	-6.1K	201	-5.1K	-2.6K
Net DEX	472.5K	336.5K	592.2K	456.5K	402.4K
Net VEX	-1.2K	-1.8K	-530	-1.6K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.00	1.25	0.80	0.28
Total Volume	22.238	0	277	45	277
Total OI	3,699	3,665	3,745	3,665	3,745

Daily Data (21 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
2012-07-02	$4.05	$2.50	74.6%	21.4%	59.7%	29.8%	0.0%	7.3%	-5.6%	-5.1K	456.5K	-1.6K	0.80	116.47	N/A	N/A	25	20	1,464	2,201
2012-07-03	$4.11	$2.50	74.6%	21.4%	59.5%	29.7%	0.0%	12.7%	-17.2%	-6.1K	431.8K	-1.8K	0.00	116.73	N/A	N/A	0	0	1,489	2,201
2012-07-05	$4.06	$2.50	77.6%	22.3%	51.1%	31.9%	0.0%	10.9%	-21.7%	-5.8K	441.9K	-1.6K	0.00	115.05	N/A	N/A	0	0	1,489	2,201
2012-07-06	$3.99	$5.00	86.6%	17.4%	51.3%	38.2%	0.0%	8.9%	-24.5%	-5.8K	481.6K	-1.3K	0.00	103.14	N/A	N/A	0	0	1,489	2,201
2012-07-09	$3.98	$5.00	96.5%	16.0%	51.0%	45.2%	66.0%	9.0%	-0.3%	-5.3K	440.9K	-1.6K	0.00	103.52	N/A	N/A	10	0	1,489	2,201
2012-07-10	$3.93	$5.00	109.1%	17.9%	44.5%	54.1%	0.0%	5.5%	-9.2%	-5.2K	409.8K	-1.6K	0.00	97.61	N/A	N/A	0	0	1,479	2,201
2012-07-11	$3.93	$5.00	109.1%	24.6%	41.3%	54.1%	0.0%	10.5%	-21.2%	-5.1K	371.2K	-1.7K	0.00	108.53	N/A	N/A	0	0	1,479	2,201
2012-07-12	$3.83	$5.00	72.4%	20.7%	39.6%	28.2%	57.6%	-1.3%	-21.7%	-4.7K	386.6K	-1.6K	0.00	101.05	N/A	N/A	0	2	1,479	2,201
2012-07-13	$3.95	$5.00	48.8%	14.0%	40.9%	11.5%	39.4%	35.8%	25.6%	-4.8K	494.5K	-1.3K	0.00	76.63	N/A	N/A	24	0	1,479	2,199
2012-07-16	$3.94	$5.00	47.5%	13.6%	40.5%	10.6%	0.0%	31.2%	19.5%	-3.6K	554.3K	-979	0.00	101.00	N/A	N/A	0	0	1,479	2,199
2012-07-17	$3.92	$5.00	40.0%	11.5%	40.5%	5.3%	0.0%	34.8%	28.2%	-2.3K	578.0K	-855	0.00	76.90	N/A	N/A	26	0	1,479	2,199
2012-07-18	$3.98	$5.00	43.7%	12.5%	40.2%	7.9%	0.0%	28.3%	17.9%	-3.4K	569.0K	-936	0.00	99.38	N/A	N/A	0	0	1,505	2,199
2012-07-19	$3.79	$5.00	58.9%	16.9%	43.7%	18.7%	0.0%	14.9%	-6.8%	-449	592.2K	-627	0.00	109.82	N/A	N/A	8	0	1,505	2,199
2012-07-20	$3.72	$5.00	100.3%	28.8%	41.6%	47.9%	0.0%	35.2%	-16.4%	-3.7K	446.3K	-1.2K	0.00	99.39	N/A	N/A	12	0	1,513	2,199
2012-07-23	$3.48	$5.00	111.2%	31.9%	44.7%	55.6%	0.0%	19.4%	-34.7%	-2.3K	466.3K	-1.1K	0.00	103.61	N/A	N/A	5	0	1,511	2,199
2012-07-24	$3.38	$5.00	99.5%	28.5%	44.1%	47.4%	108.2%	16.4%	-29.6%	-1.4K	504.1K	-861	1.25	107.68	N/A	N/A	8	10	1,516	2,199
2012-07-25	$3.41	$5.00	129.9%	37.2%	44.5%	68.8%	0.0%	-14.8%	-40.4%	-2.2K	445.5K	-1.1K	0.00	105.90	N/A	N/A	0	0	1,516	2,199
2012-07-26	$3.40	$5.00	160.1%	45.9%	44.2%	90.2%	0.0%	47.9%	-96.8%	-2.3K	336.5K	-1.3K	0.00	105.00	N/A	N/A	0	0	1,516	2,199
2012-07-27	$3.52	$5.00	134.1%	38.5%	42.9%	71.8%	0.0%	1.7%	-61.4%	201	565.8K	-530	0.33	100.08	N/A	N/A	30	10	1,516	2,199
2012-07-30	$3.51	$5.00	133.6%	38.3%	39.9%	71.4%	0.0%	-8.4%	-81.2%	155	546.6K	-684	0.00	100.33	N/A	N/A	0	0	1,546	2,199
2012-07-31	$3.49	$5.00	115.2%	33.0%	38.2%	58.4%	0.0%	1.7%	-88.0%	-2.6K	402.4K	-1.1K	0.28	83.72	N/A	N/A	216	61	1,546	2,199