HIVE Options History — November 2014

In November 2014, HIVE traded between $21.95 and $26.35. ATM implied volatility averaged 73.0%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded below realized volatility by 45.8% (HV 20d: 118.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.14.

Notable Days

2014-11-03: Highest Volume — 233 contracts
2014-11-07: Largest IV drop — 40.0% change
2014-11-26: Highest IV Rank — 27.9%
2014-11-06: Largest Expected Move — 22.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.19	$21.95	$26.35	$24.80	$24.35
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	73.0%	58.3%	107.8%	79.6%	65.8%
Expected Move	20.7%	19.1%	22.6%	21.6%	19.5%
HV 20d	118.9%	55.4%	183.3%	183.2%	55.4%
HV 60d	111.2%	108.9%	112.9%	108.9%	112.9%
IV Rank	24.2%	20.6%	27.9%	20.6%	23.7%
IV Percentile	81.0%	76.2%	84.4%	76.2%	80.6%
Term Structure	-3.9%	-55.7%	12.2%	4.1%	9.9%
VWIV	63.3%	53.7%	77.5%	76.3%	63.1%
Skew 25d	24.7%	8.3%	63.5%	48.8%	16.5%
Skew 10d	41.3%	13.2%	90.2%	85.1%	26.4%
Call IV 25d	67.8%	57.6%	102.7%	75.3%	59.6%
Put IV 25d	92.5%	65.9%	148.6%	124.1%	76.1%
Bid-Ask Spread %	93.43	66.65	104.85	88.70	74.24
Gamma HHI	0.51	0.47	0.62	0.62	0.47
Net GEX	-1.8K	-4.3K	1.4K	-4.3K	189
Net DEX	1.1M	983.1K	1.1M	1.1M	1.1M
Net VEX	-1.5K	-2.0K	-1.1K	-1.8K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.14	0.00	0.60	0.10	0.17
Total Volume	126.895	0	233	233	0
Total OI	926.211	870	962	919	871

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
2014-11-03	$24.80	$25.00	79.6%	21.6%	183.2%	0.0%	76.3%	48.8%	4.1%	-4.3K	1.1M	-1.8K	0.10	88.70	N/A	N/A	211	22	338	581
2014-11-04	$23.95	$25.00	95.9%	21.8%	183.2%	0.0%	77.5%	52.1%	-26.0%	-3.9K	1.0M	-2.0K	0.10	87.41	N/A	N/A	211	22	348	581
2014-11-05	$23.05	$25.00	83.4%	20.8%	182.6%	0.0%	70.5%	27.2%	-12.3%	-2.8K	1.0M	-1.6K	0.11	93.76	N/A	N/A	194	22	348	581
2014-11-06	$21.95	$25.00	107.8%	22.6%	182.8%	0.0%	58.5%	45.9%	-55.7%	-1.6K	983.1K	-1.5K	0.09	98.37	N/A	N/A	171	16	353	581
2014-11-07	$23.10	$25.00	64.7%	20.7%	183.3%	0.0%	62.2%	63.5%	-11.6%	-976	1.1M	-1.4K	0.10	99.14	N/A	N/A	172	17	354	583
2014-11-10	$23.05	$25.00	82.9%	21.7%	103.2%	0.0%	55.1%	14.6%	-8.7%	-2.1K	1.1M	-1.5K	0.10	100.02	N/A	N/A	172	17	356	584
2014-11-11	$22.95	$25.00	95.7%	22.0%	103.0%	0.0%	53.7%	16.6%	-4.5%	-1.9K	1.0M	-1.5K	0.10	103.07	N/A	N/A	172	17	335	575
2014-11-12	$24.25	$25.00	77.5%	19.1%	104.3%	0.0%	55.3%	20.3%	12.2%	-3.9K	1.1M	-1.7K	0.10	100.57	N/A	N/A	172	17	356	584
2014-11-13	$23.40	$25.00	62.5%	20.0%	104.6%	0.0%	53.8%	10.3%	-2.1%	-2.4K	1.1M	-1.5K	0.10	100.13	N/A	N/A	173	17	356	584
2014-11-14	$24.85	$25.00	64.2%	20.8%	104.6%	0.0%	0.0%	24.0%	3.3%	-1.9K	1.1M	-1.4K	0.00	101.33	N/A	N/A	7	0	359	582
2014-11-17	$25.90	$25.00	58.3%	20.2%	104.3%	0.0%	63.6%	13.6%	11.6%	-1.2K	1.1M	-1.3K	0.15	99.10	N/A	N/A	110	17	366	584
2014-11-18	$26.35	$25.00	60.8%	19.1%	104.0%	0.0%	62.5%	18.6%	8.7%	-1.4K	1.1M	-1.4K	0.16	71.37	N/A	N/A	105	17	378	584
2014-11-19	$25.20	$25.00	66.4%	20.0%	105.5%	0.0%	0.0%	17.0%	-16.7%	-1.8K	1.1M	-1.4K	0.00	100.87	N/A	N/A	0	0	379	582
2014-11-20	$25.50	$25.00	62.4%	20.0%	105.4%	0.0%	66.4%	19.1%	3.4%	-1.5K	1.1M	-1.4K	0.16	100.75	N/A	N/A	104	17	379	582
2014-11-21	$24.20	$25.00	59.9%	21.3%	104.9%	0.0%	67.3%	19.7%	7.6%	-1.6K	1.1M	-1.5K	0.16	93.76	N/A	N/A	104	17	380	582
2014-11-24	$24.30	$25.00	61.9%	21.8%	104.8%	20.6%	0.0%	12.6%	10.0%	-1.2K	1.1M	-1.4K	0.60	104.85	N/A	N/A	1	1	306	564
2014-11-25	$24.25	$25.00	66.7%	20.4%	83.4%	24.4%	63.1%	8.3%	-6.7%	1.4K	1.1M	-1.1K	0.17	66.65	N/A	N/A	82	14	307	564
2014-11-26	$24.20	$25.00	71.1%	19.5%	56.0%	27.9%	0.0%	20.5%	-0.3%	-972	1.1M	-1.3K	0.00	91.05	N/A	N/A	0	0	307	564
2014-11-28	$24.35	$25.00	65.8%	19.5%	55.4%	23.7%	0.0%	16.5%	9.9%	189	1.1M	-1.1K	0.00	74.24	N/A	N/A	0	0	307	564