HIVE Options History — February 2015

In February 2015, HIVE traded between $19.55 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 19.0%. IV traded above realized volatility by 31.6% (HV 20d: 35.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.23.

Notable Days

2015-02-26: Highest Volume — 114 contracts
2015-02-17: Largest IV spike — 46.7% change
2015-02-09: Highest IV Rank — 39.8%
2015-02-11: Largest Expected Move — 22.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.37	$19.55	$23.80	$20.00	$23.80
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	67.2%	47.5%	86.0%	62.5%	68.2%
Expected Move	19.0%	13.6%	22.8%	17.9%	19.6%
HV 20d	35.6%	28.9%	39.6%	36.1%	35.9%
HV 60d	37.9%	35.5%	42.5%	42.5%	37.3%
IV Rank	24.8%	9.1%	39.8%	21.1%	25.6%
IV Percentile	70.2%	19.3%	93.8%	66.3%	74.7%
Term Structure	-1.6%	-17.8%	33.7%	-9.0%	-16.4%
VWIV	70.9%	37.3%	80.9%	72.7%	72.4%
Skew 25d	7.9%	-10.4%	29.0%	-4.9%	14.9%
Skew 10d	13.9%	-11.0%	30.7%	1.8%	24.1%
Call IV 25d	65.8%	56.5%	78.6%	63.5%	60.7%
Put IV 25d	73.7%	58.6%	86.7%	58.6%	75.5%
Bid-Ask Spread %	76.92	21.75	113.72	23.97	110.32
Gamma HHI	0.76	0.50	0.98	0.72	0.94
Net GEX	2.3K	1.3K	4.1K	1.3K	4.1K
Net DEX	-81.0K	-147.4K	-25.1K	-36.3K	-147.4K
Net VEX	-555	-674	-452	-467	-643
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.23	0.00	0.36	0.32	0.16
Total Volume	81.211	0	114	0	114
Total OI	239.158	199	274	199	269

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
2015-02-02	$20.00	$25.00	62.5%	17.9%	36.1%	21.1%	0.0%	-4.9%	-9.0%	1.3K	-36.3K	-467	0.00	23.97	N/A	N/A	0	0	151	48
2015-02-03	$20.35	$25.00	62.8%	18.0%	36.9%	21.3%	72.7%	0.4%	19.5%	1.5K	-36.8K	-465	0.32	21.75	N/A	N/A	62	20	151	48
2015-02-04	$20.00	$25.00	57.0%	16.3%	36.9%	16.6%	0.0%	-2.3%	17.4%	1.5K	-43.0K	-465	0.36	24.54	N/A	N/A	62	22	163	48
2015-02-05	$19.95	$0.00	63.4%	17.4%	36.9%	21.7%	0.0%	-2.9%	-2.6%	1.4K	-32.6K	-485	0.36	45.38	N/A	N/A	62	22	163	53
2015-02-06	$20.00	$0.00	66.1%	18.5%	37.0%	24.0%	0.0%	-2.8%	-5.1%	1.4K	-25.1K	-452	0.36	50.39	N/A	N/A	62	22	163	53
2015-02-09	$20.00	$0.00	86.0%	21.3%	32.3%	39.8%	0.0%	1.8%	-14.6%	1.4K	-27.4K	-471	0.35	53.90	N/A	N/A	63	22	163	53
2015-02-10	$20.05	$0.00	79.0%	21.4%	30.4%	34.3%	0.0%	14.5%	-6.4%	1.4K	-44.9K	-499	0.35	56.12	N/A	N/A	63	22	166	53
2015-02-11	$19.55	$0.00	79.5%	22.8%	28.9%	34.7%	0.0%	-10.4%	-3.2%	1.4K	-55.5K	-459	0.22	84.13	N/A	N/A	65	14	168	53
2015-02-12	$20.50	$0.00	64.9%	18.6%	33.2%	23.0%	0.0%	3.6%	20.8%	1.5K	-49.3K	-518	0.20	67.66	N/A	N/A	80	16	173	54
2015-02-13	$21.25	$0.00	47.5%	13.6%	35.9%	9.1%	37.3%	5.5%	33.7%	1.7K	-68.2K	-552	0.24	69.84	N/A	N/A	69	16	184	56
2015-02-17	$21.30	$25.00	69.7%	20.0%	35.3%	26.8%	80.9%	11.3%	-3.3%	1.9K	-80.1K	-545	0.17	101.94	N/A	N/A	95	16	188	56
2015-02-18	$21.80	$25.00	70.5%	20.2%	34.1%	27.4%	77.1%	11.3%	-10.6%	2.7K	-110.4K	-674	0.17	107.82	N/A	N/A	95	16	218	56
2015-02-19	$22.55	$25.00	61.9%	17.7%	35.9%	20.5%	0.0%	29.0%	-4.4%	2.9K	-119.0K	-655	0.00	98.46	N/A	N/A	1	0	218	56
2015-02-20	$23.45	$25.00	60.0%	17.2%	37.3%	19.0%	0.0%	16.7%	1.0%	3.6K	-118.8K	-650	0.24	113.72	N/A	N/A	3	1	218	56
2015-02-23	$22.70	$25.00	66.7%	19.1%	39.1%	24.4%	73.5%	18.8%	-17.2%	3.4K	-131.9K	-641	0.18	104.63	N/A	N/A	91	16	213	47
2015-02-24	$22.35	$25.00	71.8%	20.6%	39.6%	28.4%	77.2%	10.4%	-8.4%	3.0K	-134.3K	-650	0.18	109.91	N/A	N/A	91	16	213	47
2015-02-25	$23.20	$25.00	75.1%	21.5%	38.9%	31.1%	75.5%	15.9%	-4.4%	3.1K	-138.5K	-629	0.17	105.13	N/A	N/A	94	16	213	47
2015-02-26	$23.30	$25.00	64.9%	18.6%	36.0%	22.9%	71.1%	19.6%	-17.8%	3.9K	-139.1K	-629	0.16	111.88	N/A	N/A	98	16	218	47
2015-02-27	$23.80	$25.00	68.2%	19.6%	35.9%	25.6%	72.4%	14.9%	-16.4%	4.1K	-147.4K	-643	0.16	110.32	N/A	N/A	98	16	222	47