HIVE Options History — March 2015

In March 2015, HIVE traded between $20.95 and $23.70. ATM implied volatility averaged 65.6%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded above realized volatility by 26.0% (HV 20d: 39.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.14.

Notable Days

2015-03-02: Highest Volume — 114 contracts
2015-03-12: Largest IV spike — 32.3% change
2015-03-30: Highest IV Rank — 33.1%
2015-03-30: Largest Expected Move — 22.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.10	$20.95	$23.70	$23.70	$22.20
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	65.6%	48.8%	77.5%	67.5%	58.3%
Expected Move	18.2%	14.0%	22.2%	19.3%	16.7%
HV 20d	39.6%	35.8%	43.9%	35.8%	36.8%
HV 60d	37.5%	36.3%	38.3%	37.3%	37.7%
IV Rank	23.5%	10.1%	33.1%	25.0%	17.7%
IV Percentile	65.9%	20.7%	87.7%	73.8%	43.4%
Term Structure	-3.2%	-16.5%	21.6%	-16.5%	21.6%
VWIV	77.7%	58.7%	136.2%	71.4%	58.7%
Skew 25d	26.5%	5.7%	62.7%	17.3%	42.8%
Skew 10d	30.8%	14.0%	41.6%	27.2%	31.5%
Call IV 25d	70.5%	52.5%	91.9%	60.5%	55.7%
Put IV 25d	97.0%	75.0%	128.4%	77.8%	98.5%
Bid-Ask Spread %	99.18	50.15	121.43	97.58	94.34
Gamma HHI	0.93	0.85	0.98	0.96	0.98
Net GEX	3.4K	2.5K	4.3K	4.2K	4.3K
Net DEX	-118.2K	-150.7K	-79.0K	-149.0K	-107.9K
Net VEX	-542	-629	-468	-628	-470
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.14	0.00	0.23	0.16	0.23
Total Volume	38.409	0	114	114	86
Total OI	273.364	269	281	269	279

Daily Data (22 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
2015-03-02	$23.70	$25.00	67.5%	19.3%	35.8%	25.0%	71.4%	17.3%	-16.5%	4.2K	-149.0K	-628	0.16	97.58	N/A	N/A	98	16	222	47
2015-03-03	$23.20	$25.00	68.3%	19.6%	37.4%	25.7%	75.4%	19.5%	-7.4%	3.7K	-150.7K	-629	0.16	107.06	N/A	N/A	98	16	222	47
2015-03-04	$22.55	$25.00	64.8%	18.6%	39.3%	22.9%	64.1%	16.3%	-1.5%	3.6K	-132.3K	-600	0.16	121.43	N/A	N/A	98	16	222	47
2015-03-05	$22.35	$25.00	69.9%	18.4%	38.8%	26.9%	69.3%	13.1%	-9.8%	3.4K	-142.0K	-613	0.16	102.75	N/A	N/A	98	16	222	47
2015-03-06	$22.05	$25.00	67.5%	17.6%	39.2%	25.0%	66.4%	14.9%	-3.0%	3.4K	-132.8K	-610	0.16	101.14	N/A	N/A	98	16	222	47
2015-03-09	$21.75	$25.00	70.1%	14.7%	39.8%	27.1%	0.0%	27.9%	11.9%	3.3K	-102.3K	-527	0.00	101.29	N/A	N/A	0	0	222	47
2015-03-10	$20.95	$25.00	66.3%	15.1%	42.5%	24.1%	0.0%	33.4%	8.2%	2.5K	-80.0K	-490	0.00	58.55	N/A	N/A	2	0	222	47
2015-03-11	$21.15	$25.00	48.8%	14.0%	42.5%	10.1%	0.0%	33.8%	10.5%	2.7K	-79.0K	-509	0.00	106.76	N/A	N/A	0	0	224	47
2015-03-12	$21.55	$25.00	64.5%	18.5%	41.6%	22.7%	68.8%	18.8%	-3.2%	2.7K	-105.9K	-556	0.00	105.06	N/A	N/A	10	0	224	47
2015-03-13	$22.80	$25.00	66.2%	19.0%	42.9%	24.0%	0.0%	23.0%	2.3%	4.0K	-135.9K	-605	0.00	104.34	N/A	N/A	0	0	234	47
2015-03-16	$22.05	$25.00	60.1%	17.2%	43.4%	19.1%	0.0%	22.6%	-0.9%	3.6K	-126.6K	-562	0.00	104.64	N/A	N/A	0	0	234	47
2015-03-17	$22.50	$25.00	69.7%	20.0%	43.9%	26.8%	0.0%	19.3%	-13.5%	3.4K	-125.2K	-551	0.00	105.12	N/A	N/A	0	0	234	47
2015-03-18	$22.85	$25.00	61.7%	17.7%	43.5%	20.4%	0.0%	5.7%	-7.9%	3.5K	-122.4K	-536	0.00	50.15	N/A	N/A	0	0	234	47
2015-03-19	$22.50	$25.00	63.1%	18.1%	42.2%	21.5%	0.0%	22.1%	-5.8%	3.6K	-130.1K	-543	0.00	104.60	N/A	N/A	0	0	234	47
2015-03-20	$22.45	$25.00	61.3%	17.6%	39.6%	20.0%	0.0%	18.8%	-6.6%	3.6K	-134.5K	-542	0.00	102.95	N/A	N/A	0	0	234	47
2015-03-23	$22.00	$25.00	65.6%	18.8%	38.6%	23.5%	136.2%	35.4%	-11.5%	3.5K	-112.4K	-515	0.00	105.73	N/A	N/A	0	0	222	47
2015-03-24	$21.80	$25.00	67.1%	19.2%	38.3%	24.7%	0.0%	34.3%	-12.5%	3.4K	-109.9K	-495	0.00	104.05	N/A	N/A	0	0	222	47
2015-03-25	$21.20	$25.00	68.3%	19.6%	36.6%	25.7%	0.0%	34.0%	-13.8%	3.3K	-106.6K	-491	0.00	102.46	N/A	N/A	0	0	222	47
2015-03-26	$21.30	$25.00	76.3%	21.9%	36.6%	32.1%	82.1%	31.2%	-5.1%	3.1K	-101.2K	-468	0.21	103.60	N/A	N/A	75	16	222	47
2015-03-27	$21.55	$25.00	59.7%	17.1%	35.9%	18.8%	0.0%	62.7%	-1.4%	3.4K	-97.7K	-488	0.00	94.24	N/A	N/A	0	0	227	47
2015-03-30	$21.70	$25.00	77.5%	22.2%	36.1%	33.1%	84.2%	36.5%	-4.7%	3.4K	-115.6K	-492	0.23	104.05	N/A	N/A	70	16	227	47
2015-03-31	$22.20	$25.00	58.3%	16.7%	36.8%	17.7%	58.7%	42.8%	21.6%	4.3K	-107.9K	-470	0.23	94.34	N/A	N/A	70	16	232	47