AXTI Options History — September 2012

In September 2012, AXTI traded between $3.04 and $3.48. ATM implied volatility averaged 103.3%, placing in the 43.3% IV rank vs the trailing year. The 30-day expected move averaged 25.8%. IV traded above realized volatility by 61.2% (HV 20d: 42.1%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2012-09-21: Highest Volume — 277 contracts
2012-09-21: Largest IV spike — 34.4% change
2012-09-11: Highest IV Rank — 72.6%
2012-09-06: Largest Expected Move — 37.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.26	$3.04	$3.48	$3.36	$3.38
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	103.3%	67.3%	151.2%	100.3%	106.1%
Expected Move	25.8%	19.3%	37.7%	28.7%	30.4%
HV 20d	42.1%	31.5%	55.2%	43.9%	55.2%
HV 60d	62.1%	60.1%	65.2%	63.5%	64.1%
IV Rank	43.3%	21.3%	72.6%	41.5%	45.0%
IV Percentile	81.0%	45.2%	98.4%	89.3%	88.5%
Term Structure	-26.1%	-65.3%	13.5%	-32.4%	-36.4%
VWIV	101.6%	101.6%	101.6%	101.6%	101.6%
Skew 25d	3.1%	-26.5%	32.6%	7.2%	12.4%
Skew 10d	2.5%	-29.5%	36.3%	4.7%	19.4%
Call IV 25d	52.3%	40.7%	68.6%	40.7%	53.3%
Put IV 25d	55.5%	42.0%	82.9%	47.9%	65.7%
Bid-Ask Spread %	103.00	92.15	118.95	94.45	92.15
Gamma HHI	0.73	0.54	0.93	0.79	0.68
Net GEX	1.2K	414	1.8K	887	1.2K
Net DEX	-38.2K	-112.1K	-1.2K	-22.7K	-92.3K
Net VEX	-343	-500	-213	-253	-431
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.01	0.00	0.00
Total Volume	17.842	0	277	2	5
Total OI	1,576.737	1,571	1,601	1,571	1,579

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
2012-09-04	$3.36	$5.00	100.3%	28.7%	43.9%	41.5%	0.0%	7.2%	-32.4%	887	-22.7K	-253	0.00	94.45	N/A	N/A	2	0	1,033	538
2012-09-05	$3.31	$5.00	113.5%	32.5%	44.7%	49.6%	0.0%	7.0%	-43.3%	1.1K	-21.1K	-264	0.00	107.57	N/A	N/A	0	0	1,034	538
2012-09-06	$3.28	$5.00	131.4%	37.7%	43.6%	60.5%	0.0%	2.9%	-65.3%	1.2K	-22.7K	-355	0.00	112.57	N/A	N/A	0	0	1,034	538
2012-09-07	$3.30	$0.00	121.6%	20.6%	37.9%	54.5%	0.0%	3.8%	-28.3%	932	-19.3K	-213	0.00	118.95	N/A	N/A	0	0	1,034	538
2012-09-10	$3.23	$0.00	148.6%	22.2%	33.9%	71.0%	0.0%	32.6%	-10.0%	834	-20.0K	-455	0.00	102.99	N/A	N/A	0	0	1,034	538
2012-09-11	$3.09	$0.00	151.2%	21.9%	37.5%	72.6%	0.0%	-2.8%	-10.2%	1.2K	-10.7K	-410	0.00	102.37	N/A	N/A	0	0	1,034	538
2012-09-12	$3.14	$0.00	131.5%	20.5%	38.0%	60.6%	0.0%	-5.4%	-6.8%	1.2K	-9.1K	-363	0.00	105.41	N/A	N/A	0	0	1,034	538
2012-09-13	$3.07	$0.00	87.3%	25.0%	37.8%	33.5%	0.0%	-17.6%	13.5%	850	-17.6K	-500	0.00	117.38	N/A	N/A	0	0	1,034	538
2012-09-14	$3.04	$0.00	69.4%	19.9%	34.6%	22.6%	0.0%	-8.0%	-11.4%	1.8K	-1.2K	-251	0.00	105.25	N/A	N/A	0	0	1,034	538
2012-09-17	$3.06	$0.00	67.3%	19.3%	31.6%	21.3%	0.0%	-1.5%	-16.4%	1.7K	-6.4K	-222	0.00	102.05	N/A	N/A	0	0	1,034	538
2012-09-18	$3.13	$0.00	74.0%	21.2%	31.7%	25.4%	0.0%	-3.6%	-19.2%	1.5K	-9.2K	-231	0.00	105.16	N/A	N/A	0	0	1,034	538
2012-09-19	$3.12	$0.00	75.7%	21.7%	31.5%	26.4%	0.0%	-8.9%	-20.3%	1.5K	-9.7K	-221	0.00	99.79	N/A	N/A	0	0	1,034	538
2012-09-20	$3.08	$0.00	78.8%	22.6%	31.5%	28.3%	0.0%	-26.5%	-22.6%	1.6K	-6.3K	-235	0.00	104.00	N/A	N/A	0	0	1,034	538
2012-09-21	$3.47	$0.00	105.8%	30.3%	53.5%	44.9%	101.6%	7.5%	-60.6%	414	-30.0K	-246	0.01	105.64	N/A	N/A	275	2	1,034	538
2012-09-24	$3.46	$5.00	97.7%	28.0%	53.6%	39.9%	0.0%	8.8%	-36.7%	1.0K	-105.5K	-441	0.00	95.14	N/A	N/A	23	0	1,073	506
2012-09-25	$3.47	$5.00	104.1%	29.8%	52.6%	43.8%	0.0%	16.2%	-33.6%	961	-111.3K	-496	0.00	95.60	N/A	N/A	0	10	1,085	506
2012-09-26	$3.38	$5.00	96.4%	27.6%	53.3%	39.1%	0.0%	14.7%	-22.9%	1.2K	-99.1K	-448	0.00	96.10	N/A	N/A	0	0	1,085	516
2012-09-27	$3.48	$5.00	102.5%	29.4%	54.2%	42.9%	0.0%	21.0%	-32.6%	952	-112.1K	-477	0.00	94.50	N/A	N/A	22	0	1,085	516
2012-09-28	$3.38	$5.00	106.1%	30.4%	55.2%	45.0%	0.0%	12.4%	-36.4%	1.2K	-92.3K	-431	0.00	92.15	N/A	N/A	5	0	1,063	516