HIVE Options History — December 2014

In December 2014, HIVE traded between $22.55 and $25.15. ATM implied volatility averaged 68.6%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 26.1% (HV 20d: 42.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.20.

Notable Days

  • 2014-12-15: Highest Volume — 100 contracts
  • 2014-12-09: Largest IV spike — 42.8% change
  • 2014-12-09: Highest IV Rank — 44.9%
  • 2014-12-24: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.05$22.55$25.15$24.30$24.00
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV68.6%49.4%92.3%79.9%78.7%
Expected Move19.9%16.4%22.0%19.8%21.6%
HV 20d42.5%33.3%54.9%54.9%36.5%
HV 60d112.2%111.5%113.1%112.9%111.7%
IV Rank25.9%10.5%44.9%35.0%34.0%
IV Percentile76.2%29.7%94.9%90.8%88.7%
Term Structure1.1%-12.1%17.6%-7.3%-4.1%
VWIV63.7%60.3%66.8%62.8%66.8%
Skew 25d18.1%-7.3%39.9%12.6%17.6%
Skew 10d29.1%-7.1%62.0%19.8%22.2%
Call IV 25d62.1%49.7%85.5%61.9%85.5%
Put IV 25d80.2%63.1%103.1%74.5%103.1%
Bid-Ask Spread %79.4362.12120.6378.4994.15
Gamma HHI0.620.480.840.480.65
Net GEX2.6K-1624.5K-1622.4K
Net DEX1.1M1.1M1.2M1.1M1.2M
Net VEX-743-1.1K-551-1.1K-559
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.170.260.170.22
Total Volume74.5910100966
Total OI835.955736887871758

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$24.30$25.0079.9%19.8%54.9%35.0%62.8%12.6%-7.3%-1621.1M-1.1K0.1778.49N/AN/A8214307564
2014-12-02$24.45$25.0066.1%20.1%54.8%23.9%64.1%13.5%0.5%1.5K1.1M-9650.1768.10N/AN/A8214307564
2014-12-03$25.10$25.0065.6%20.9%54.0%23.5%65.2%11.3%3.7%2.7K1.2M-9300.1875.39N/AN/A7714306564
2014-12-04$25.15$25.0074.4%19.4%51.8%30.5%0.0%22.5%-2.1%1.4K1.2M-9420.0062.12N/AN/A00309564
2014-12-05$24.95$25.0068.2%19.9%48.1%25.6%64.1%24.1%1.9%2.5K1.2M-8560.1865.29N/AN/A7714309564
2014-12-08$23.95$25.0064.6%19.9%47.9%22.7%63.4%20.8%4.1%3.0K1.1M-7990.1864.62N/AN/A7714309564
2014-12-09$23.75$25.0092.3%19.5%48.0%44.9%63.5%17.0%-0.1%1.9K1.1M-8100.1868.52N/AN/A7714309564
2014-12-10$24.20$25.0080.7%18.6%48.3%35.6%60.9%19.9%-5.0%2.4K1.1M-7840.1871.51N/AN/A7914311564
2014-12-11$23.45$25.0057.5%19.9%45.6%17.1%64.2%-7.3%2.6%2.8K1.1M-7450.1871.96N/AN/A7915311564
2014-12-12$22.55$25.0058.5%20.3%45.9%17.9%66.0%12.6%5.6%2.5K1.1M-7460.1869.25N/AN/A7915311565
2014-12-15$23.10$25.0067.2%20.0%41.0%24.8%62.1%15.9%-3.0%2.5K1.1M-7240.2671.60N/AN/A7921312565
2014-12-16$23.65$25.0071.6%20.4%38.8%28.4%65.1%15.7%-1.3%2.6K1.1M-7360.2371.43N/AN/A7919312569
2014-12-17$23.70$25.0074.0%18.0%38.1%30.3%60.3%26.8%-11.3%2.3K1.1M-7580.2177.32N/AN/A7917312573
2014-12-18$24.50$25.0069.0%20.7%37.4%26.3%66.8%39.9%3.4%4.5K1.2M-7090.2193.69N/AN/A7917312575
2014-12-19$24.20$25.0071.8%20.7%37.3%28.5%0.0%25.0%0.6%4.5K1.2M-6810.0079.43N/AN/A00312575
2014-12-22$24.75$0.0049.4%19.2%33.3%10.5%0.0%25.7%17.6%3.8K1.2M-5910.20120.63N/AN/A7515180556
2014-12-23$24.25$0.0066.9%19.9%34.1%24.5%0.0%25.2%2.4%2.5K1.2M-5890.2374.37N/AN/A6415180556
2014-12-24$24.10$0.0067.4%22.0%34.2%25.0%0.0%20.0%9.2%2.4K1.2M-6020.2392.35N/AN/A6415194558
2014-12-26$24.15$0.0068.4%16.4%34.2%25.8%0.0%21.7%-12.1%2.5K1.2M-6030.23106.39N/AN/A6415194558
2014-12-29$23.55$0.0057.6%19.6%35.2%17.1%0.0%-5.2%12.3%3.3K1.2M-5510.2296.67N/AN/A6615194558
2014-12-30$23.40$0.0059.2%20.1%35.3%18.4%0.0%22.5%6.4%3.2K1.2M-5540.0074.22N/AN/A00198560
2014-12-31$24.00$0.0078.7%21.6%36.5%34.0%0.0%17.6%-4.1%2.4K1.2M-5590.0094.15N/AN/A06198560