HIVE Options History — January 2015

In January 2015, HIVE traded between $19.85 and $23.80. ATM implied volatility averaged 67.2%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 18.6%. IV traded above realized volatility by 31.4% (HV 20d: 35.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.58.

Notable Days

2015-01-12: Highest Volume — 90 contracts
2015-01-12: Largest IV spike — 60.0% change
2015-01-12: Highest IV Rank — 45.3%
2015-01-22: Largest Expected Move — 23.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.95	$19.85	$23.80	$23.80	$19.85
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	67.2%	51.8%	92.7%	61.8%	61.1%
Expected Move	18.6%	14.8%	23.9%	20.4%	17.5%
HV 20d	35.9%	33.2%	37.6%	35.1%	35.6%
HV 60d	70.5%	42.9%	111.6%	111.6%	42.9%
IV Rank	24.8%	12.4%	45.3%	20.5%	19.9%
IV Percentile	69.0%	36.5%	95.6%	66.4%	62.0%
Term Structure	2.2%	-14.5%	26.2%	9.0%	12.2%
VWIV	63.9%	49.8%	84.1%	84.1%	62.6%
Skew 25d	-6.1%	-25.6%	43.4%	30.0%	-12.4%
Skew 10d	-7.6%	-39.8%	41.3%	41.3%	-8.0%
Call IV 25d	76.0%	60.3%	87.5%	72.2%	68.6%
Put IV 25d	69.9%	56.1%	115.0%	102.2%	56.2%
Bid-Ask Spread %	72.38	22.54	116.02	91.85	74.02
Gamma HHI	0.66	0.54	0.79	0.79	0.63
Net GEX	2.0K	1.1K	4.1K	3.7K	1.3K
Net DEX	596.0K	-57.3K	1.2M	1.2M	-33.3K
Net VEX	-508	-590	-436	-554	-474
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.00	4.44	0.28	0.40
Total Volume	48.35	0	90	85	70
Total OI	501.15	173	770	764	193

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
2015-01-02	$23.80	$0.00	61.8%	20.4%	35.1%	20.5%	0.0%	30.0%	9.0%	3.7K	1.2M	-554	0.28	91.85	N/A	N/A	66	19	198	566
2015-01-05	$23.30	$0.00	61.4%	21.2%	35.7%	20.2%	0.0%	43.4%	-5.4%	3.4K	1.2M	-536	0.00	45.18	N/A	N/A	0	6	198	566
2015-01-06	$22.90	$0.00	83.1%	20.0%	35.9%	37.6%	84.1%	-2.1%	18.6%	2.3K	1.1M	-590	0.00	116.02	N/A	N/A	0	3	198	558
2015-01-07	$22.85	$25.00	74.2%	20.3%	33.2%	30.4%	0.0%	-18.3%	2.9%	2.8K	1.1M	-569	0.00	55.50	N/A	N/A	0	0	198	561
2015-01-08	$22.70	$25.00	68.6%	17.8%	33.2%	26.0%	55.1%	-21.3%	1.9%	3.0K	1.1M	-549	0.23	84.52	N/A	N/A	66	15	198	561
2015-01-09	$23.70	$25.00	58.0%	18.5%	36.2%	17.4%	64.7%	-14.4%	-2.6%	4.1K	1.1M	-532	0.23	42.77	N/A	N/A	68	15	198	561
2015-01-12	$22.80	$25.00	92.7%	19.2%	37.1%	45.3%	66.4%	-7.3%	-5.4%	3.4K	1.1M	-502	0.31	84.44	N/A	N/A	69	21	201	561
2015-01-13	$21.95	$25.00	87.1%	17.1%	37.0%	40.7%	55.1%	-16.9%	8.6%	1.5K	1.1M	-518	0.31	57.18	N/A	N/A	69	21	202	567
2015-01-14	$22.45	$25.00	72.8%	20.9%	36.8%	29.3%	73.2%	-9.7%	-6.7%	1.5K	1.1M	-516	0.31	103.92	N/A	N/A	69	21	203	567
2015-01-15	$22.10	$25.00	73.8%	21.2%	35.9%	30.1%	73.8%	3.5%	-2.4%	1.5K	1.1M	-528	0.31	109.90	N/A	N/A	69	21	203	567
2015-01-16	$22.45	$25.00	54.5%	15.6%	36.5%	14.6%	0.0%	-20.6%	26.2%	1.5K	1.1M	-524	0.00	71.69	N/A	N/A	0	7	203	567
2015-01-20	$21.65	$25.00	64.8%	18.6%	35.8%	22.9%	0.0%	-9.4%	-12.9%	1.5K	-57.2K	-496	0.00	104.17	N/A	N/A	1	0	134	39
2015-01-21	$21.50	$25.00	65.5%	18.8%	35.7%	23.4%	0.0%	-14.0%	-2.7%	1.3K	-57.3K	-512	0.00	82.74	N/A	N/A	0	0	135	39
2015-01-22	$21.10	$25.00	83.5%	23.9%	34.3%	37.8%	83.5%	-25.6%	-14.5%	1.3K	-52.1K	-462	0.27	40.20	N/A	N/A	46	13	135	39
2015-01-23	$21.55	$25.00	61.6%	17.7%	35.5%	20.3%	55.6%	-16.0%	2.1%	1.4K	-52.8K	-452	0.28	48.37	N/A	N/A	46	13	135	39
2015-01-26	$21.55	$25.00	51.8%	14.8%	35.5%	12.4%	0.0%	-0.2%	-2.9%	1.4K	-48.7K	-480	0.00	73.04	N/A	N/A	0	1	137	39
2015-01-27	$20.80	$25.00	55.8%	16.0%	36.9%	15.6%	49.8%	1.2%	-11.3%	1.4K	-44.6K	-463	4.44	69.25	N/A	N/A	2	8	137	40
2015-01-28	$20.10	$25.00	56.3%	16.1%	37.6%	16.0%	50.4%	-7.0%	14.1%	1.1K	-35.5K	-436	0.39	70.23	N/A	N/A	51	20	139	48
2015-01-29	$19.95	$25.00	56.6%	16.2%	37.6%	16.3%	55.8%	-4.6%	14.8%	1.3K	-29.9K	-463	0.39	22.54	N/A	N/A	51	20	145	48
2015-01-30	$19.85	$25.00	61.1%	17.5%	35.6%	19.9%	62.6%	-12.4%	12.2%	1.3K	-33.3K	-474	0.40	74.02	N/A	N/A	50	20	145	48