HIVE Options History — December 2015

In December 2015, HIVE traded between $25.20 and $30.55. ATM implied volatility averaged 66.9%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 17.8%. IV traded above realized volatility by 35.7% (HV 20d: 31.2%). Max pain ranged from $25.00 to $37.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.58.

Notable Days

2015-12-29: Highest Volume — 27 contracts
2015-12-04: Largest IV spike — 38.4% change
2015-12-04: Highest IV Rank — 46.6%
2015-12-01: Largest Expected Move — 24.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.63	$25.20	$30.55	$30.55	$25.70
Max Pain	$36.36	$25.00	$37.50	$25.00	$37.50
ATM IV	66.9%	54.3%	97.3%	85.0%	62.8%
Expected Move	17.8%	15.2%	24.4%	24.4%	18.0%
HV 20d	31.2%	27.0%	37.2%	37.2%	30.7%
HV 60d	40.6%	33.7%	42.9%	42.3%	33.7%
IV Rank	22.8%	12.9%	46.6%	36.9%	19.6%
IV Percentile	63.0%	36.9%	98.8%	96.0%	56.7%
Term Structure	-0.3%	-37.5%	16.4%	-37.5%	-5.0%
VWIV	60.4%	45.0%	76.7%	67.1%	64.3%
Skew 25d	10.2%	-12.7%	30.6%	16.5%	23.7%
Skew 10d	42.2%	20.2%	63.5%	24.0%	47.2%
Call IV 25d	60.2%	41.2%	74.4%	44.5%	70.3%
Put IV 25d	70.3%	58.2%	94.0%	61.0%	94.0%
Bid-Ask Spread %	80.94	27.22	120.94	119.02	31.49
Gamma HHI	0.76	0.50	1.00	0.56	0.99
Net GEX	731	554	1.1K	1.0K	706
Net DEX	169.1K	123.8K	177.2K	171.1K	174.0K
Net VEX	-89	-365	-41	-155	-41
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.43	0.87	0.71	0.87
Total Volume	20.545	0	27	0	21
Total OI	202.773	201	204	201	202

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
2015-12-01	$30.55	$25.00	85.0%	24.4%	37.2%	36.9%	0.0%	16.5%	-37.5%	1.0K	171.1K	-155	0.00	119.02	N/A	N/A	0	0	124	77
2015-12-02	$29.75	$25.00	73.7%	21.1%	37.1%	28.1%	67.1%	19.2%	-21.1%	719	177.2K	-95	0.71	113.77	N/A	N/A	11	8	124	77
2015-12-03	$30.00	$37.50	70.3%	17.5%	37.2%	25.5%	55.7%	20.6%	4.0%	854	174.1K	-125	0.71	113.85	N/A	N/A	11	8	124	77
2015-12-04	$29.50	$37.50	97.3%	16.9%	33.2%	46.6%	64.4%	-12.7%	1.0%	739	175.4K	-102	0.43	105.96	N/A	N/A	18	8	124	77
2015-12-07	$29.65	$37.50	84.9%	15.2%	32.5%	36.9%	0.0%	17.0%	15.7%	1.1K	159.5K	-224	0.00	87.46	N/A	N/A	0	0	124	77
2015-12-08	$29.55	$37.50	77.9%	15.5%	32.5%	31.4%	61.1%	1.2%	14.8%	1.1K	123.8K	-365	0.43	44.33	N/A	N/A	18	8	124	77
2015-12-09	$28.85	$37.50	56.1%	16.1%	33.2%	14.4%	51.7%	-0.1%	11.1%	574	176.0K	-66	0.63	99.95	N/A	N/A	12	8	124	77
2015-12-10	$28.15	$37.50	58.1%	16.7%	33.8%	15.9%	54.6%	-3.2%	9.7%	577	172.0K	-65	0.63	100.50	N/A	N/A	12	8	127	77
2015-12-11	$27.75	$37.50	59.9%	17.2%	33.8%	17.3%	56.6%	10.9%	3.3%	653	172.7K	-70	0.52	112.83	N/A	N/A	15	8	127	77
2015-12-14	$26.50	$37.50	63.6%	18.2%	27.9%	20.2%	61.6%	13.9%	-2.1%	699	169.3K	-72	0.52	120.94	N/A	N/A	15	8	127	77
2015-12-15	$26.35	$37.50	74.6%	21.4%	27.9%	28.8%	76.7%	10.3%	-12.2%	717	167.2K	-75	0.52	113.78	N/A	N/A	15	8	127	77
2015-12-16	$27.15	$37.50	75.1%	21.5%	30.5%	29.2%	75.8%	14.9%	-24.3%	624	170.5K	-73	0.52	115.20	N/A	N/A	15	8	127	77
2015-12-17	$26.85	$37.50	60.2%	17.3%	27.5%	17.6%	57.6%	1.6%	-1.6%	554	168.1K	-54	0.52	110.26	N/A	N/A	15	8	127	77
2015-12-18	$27.25	$37.50	54.3%	15.6%	27.0%	12.9%	45.0%	8.5%	16.3%	596	172.2K	-57	0.52	72.86	N/A	N/A	15	8	127	77
2015-12-21	$27.70	$37.50	56.2%	16.1%	27.9%	14.4%	52.1%	10.7%	16.4%	666	174.6K	-43	0.53	41.30	N/A	N/A	15	8	126	77
2015-12-22	$27.00	$37.50	60.9%	17.4%	28.8%	18.1%	60.4%	-9.4%	-1.7%	596	171.1K	-49	0.53	107.75	N/A	N/A	15	8	127	77
2015-12-23	$26.75	$37.50	59.8%	17.1%	28.4%	17.2%	61.7%	1.6%	-1.8%	661	171.0K	-48	0.53	41.33	N/A	N/A	15	8	127	77
2015-12-24	$26.50	$37.50	54.4%	15.6%	28.3%	13.0%	53.9%	5.0%	4.1%	734	170.5K	-50	0.53	30.83	N/A	N/A	15	8	127	77
2015-12-28	$25.55	$37.50	63.6%	18.2%	30.1%	20.2%	64.5%	16.3%	-2.0%	737	167.5K	-48	0.53	41.01	N/A	N/A	15	8	127	77
2015-12-29	$25.20	$37.50	58.6%	16.8%	29.7%	16.3%	58.0%	26.5%	9.7%	809	166.5K	-47	0.58	27.22	N/A	N/A	17	10	127	77
2015-12-30	$25.70	$37.50	63.8%	18.3%	31.3%	20.3%	65.0%	30.6%	-2.4%	683	175.0K	-41	0.87	29.08	N/A	N/A	11	10	124	77
2015-12-31	$25.70	$37.50	62.8%	18.0%	30.7%	19.6%	64.3%	23.7%	-5.0%	706	174.0K	-41	0.87	31.49	N/A	N/A	11	10	125	77