HIVE Options History — November 2015

In November 2015, HIVE traded between $29.40 and $35.05. ATM implied volatility averaged 65.9%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 28.0% (HV 20d: 38.0%). Max pain ranged from $25.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.14.

Notable Days

2015-11-05: Highest Volume — 53 contracts
2015-11-30: Largest IV spike — 67.3% change
2015-11-09: Highest IV Rank — 44.1%
2015-11-30: Largest Expected Move — 22.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.59	$29.40	$35.05	$34.35	$30.50
Max Pain	$37.50	$25.00	$50.00	$50.00	$25.00
ATM IV	65.9%	38.7%	94.1%	77.5%	79.9%
Expected Move	17.1%	11.1%	22.9%	22.2%	22.9%
HV 20d	38.0%	32.5%	42.9%	32.9%	38.2%
HV 60d	47.5%	42.5%	50.5%	48.1%	42.5%
IV Rank	22.0%	0.7%	44.1%	31.1%	32.9%
IV Percentile	60.2%	0.4%	98.4%	86.9%	91.7%
Term Structure	-14.4%	-32.5%	17.9%	-28.3%	-31.0%
VWIV	77.3%	46.4%	101.4%	87.3%	46.4%
Skew 25d	5.1%	-8.4%	31.5%	2.3%	16.2%
Skew 10d	28.7%	3.8%	47.4%	24.1%	30.9%
Call IV 25d	54.9%	33.7%	72.7%	54.9%	43.5%
Put IV 25d	60.1%	47.7%	79.0%	57.2%	59.7%
Bid-Ask Spread %	108.07	15.04	147.73	122.38	136.90
Gamma HHI	0.55	0.46	0.61	0.55	0.56
Net GEX	1.4K	724	1.9K	1.9K	1.0K
Net DEX	153.9K	81.0K	227.5K	85.9K	171.0K
Net VEX	-483	-872	-87	-851	-158
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.14	0.00	1.60	1.60	0.71
Total Volume	32.85	0	53	47	0
Total OI	234.55	201	246	246	201

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
2015-11-02	$34.35	$50.00	77.5%	22.2%	32.9%	31.1%	87.3%	2.3%	-28.3%	1.9K	85.9K	-851	1.60	122.38	N/A	N/A	18	29	148	98
2015-11-03	$34.85	$50.00	71.4%	20.5%	32.8%	26.3%	101.4%	5.8%	-17.5%	1.9K	101.9K	-806	1.60	115.71	N/A	N/A	18	29	148	98
2015-11-04	$35.05	$50.00	70.8%	20.3%	32.5%	25.8%	83.7%	-4.4%	-23.0%	1.8K	81.0K	-872	1.30	117.21	N/A	N/A	22	29	148	98
2015-11-05	$33.20	$0.00	84.5%	14.7%	37.4%	36.5%	0.0%	-5.9%	1.2%	1.7K	87.6K	-781	1.22	147.73	N/A	N/A	24	29	146	98
2015-11-06	$32.35	$0.00	81.1%	15.1%	38.5%	33.9%	0.0%	10.3%	-12.4%	1.7K	159.1K	-586	0.00	124.55	N/A	N/A	0	0	147	98
2015-11-09	$32.25	$0.00	94.1%	13.9%	35.9%	44.1%	0.0%	6.0%	-3.0%	1.6K	156.2K	-570	0.00	139.55	N/A	N/A	0	0	147	98
2015-11-10	$32.30	$0.00	77.0%	15.9%	33.3%	30.7%	0.0%	-1.3%	-11.8%	1.5K	141.2K	-660	1.22	122.50	N/A	N/A	24	29	147	98
2015-11-11	$32.25	$0.00	50.0%	14.3%	33.3%	9.6%	0.0%	-8.4%	-3.4%	1.4K	165.1K	-593	1.22	57.34	N/A	N/A	24	29	147	98
2015-11-12	$32.25	$0.00	38.7%	11.1%	32.6%	0.7%	0.0%	10.5%	17.9%	1.6K	162.2K	-584	1.23	104.79	N/A	N/A	23	29	147	98
2015-11-13	$30.00	$0.00	61.6%	17.7%	41.6%	18.6%	0.0%	2.6%	-25.3%	1.4K	158.7K	-508	1.23	117.97	N/A	N/A	23	29	147	98
2015-11-16	$29.75	$0.00	51.9%	14.9%	40.9%	11.1%	0.0%	-6.4%	-3.9%	1.0K	131.8K	-658	0.00	125.11	N/A	N/A	0	0	147	98
2015-11-17	$29.40	$0.00	56.6%	16.2%	41.0%	14.7%	0.0%	3.0%	-21.1%	1.0K	220.1K	-204	1.24	137.51	N/A	N/A	23	29	147	98
2015-11-18	$30.35	$0.00	50.5%	14.5%	42.9%	10.0%	0.0%	6.3%	-5.3%	1.3K	195.7K	-368	1.24	126.23	N/A	N/A	23	29	148	98
2015-11-19	$30.95	$0.00	45.0%	12.9%	42.7%	5.6%	0.0%	31.5%	-13.2%	1.4K	200.1K	-356	1.24	19.16	N/A	N/A	23	29	148	98
2015-11-20	$30.45	$0.00	68.4%	19.6%	42.4%	24.0%	0.0%	4.4%	-32.1%	1.1K	227.5K	-179	1.36	110.78	N/A	N/A	21	29	148	98
2015-11-23	$30.25	$0.00	69.1%	19.8%	42.0%	24.5%	0.0%	6.7%	-32.5%	1.3K	145.1K	-304	0.00	108.88	N/A	N/A	0	0	127	77
2015-11-24	$30.50	$0.00	69.2%	19.8%	41.8%	24.6%	69.1%	2.9%	-20.2%	1.3K	155.2K	-240	0.00	94.56	N/A	N/A	5	0	127	77
2015-11-25	$30.50	$25.00	73.3%	21.0%	38.7%	27.8%	76.0%	12.9%	-17.7%	1.3K	153.1K	-297	0.71	117.58	N/A	N/A	11	8	124	77
2015-11-27	$30.35	$25.00	47.8%	13.7%	38.0%	7.8%	46.4%	8.0%	-4.7%	724	179.0K	-87	0.71	15.04	N/A	N/A	11	8	124	77
2015-11-30	$30.50	$25.00	79.9%	22.9%	38.2%	32.9%	0.0%	16.2%	-31.0%	1.0K	171.0K	-158	0.00	136.90	N/A	N/A	0	0	124	77