HIVE Options History — January 2016

In January 2016, HIVE traded between $21.40 and $24.30. ATM implied volatility averaged 70.1%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 26.9% (HV 20d: 43.3%). 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 3 of 19 days. Put/call ratio averaged 1.44.

Notable Days

2016-01-07: Highest Volume — 47 contracts
2016-01-11: Largest IV spike — 60.4% change
2016-01-12: Highest IV Rank — 80.1%
2016-01-12: Largest Expected Move — 22.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.51	$21.40	$24.30	$24.30	$23.25
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	70.1%	55.5%	140.2%	94.1%	61.1%
Expected Move	17.9%	15.9%	22.6%	16.7%	17.5%
HV 20d	43.3%	34.6%	60.9%	34.6%	60.9%
HV 60d	37.9%	35.1%	44.3%	35.1%	44.3%
IV Rank	25.3%	13.8%	80.1%	44.1%	18.2%
IV Percentile	63.4%	38.9%	99.6%	98.0%	52.0%
Term Structure	-4.1%	-25.3%	16.5%	5.9%	-0.6%
VWIV	63.8%	55.2%	79.7%	58.3%	62.5%
Skew 25d	7.2%	-1.5%	34.4%	13.1%	10.2%
Skew 10d	13.8%	2.9%	53.8%	18.6%	16.6%
Call IV 25d	53.9%	47.6%	82.5%	49.1%	51.6%
Put IV 25d	61.1%	49.5%	116.9%	62.2%	61.8%
Bid-Ask Spread %	58.86	26.60	111.50	30.01	104.65
Gamma HHI	0.79	0.53	0.99	0.81	0.83
Net GEX	351	97	770	449	344
Net DEX	90.6K	1.9K	176.4K	167.0K	4.7K
Net VEX	-108	-136	-40	-40	-104
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.44	0.67	2.21	0.79	2.21
Total Volume	31.842	19	47	43	19
Total OI	132.211	30	228	202	31

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
2016-01-04	$24.30	$0.00	94.1%	16.7%	34.6%	44.1%	58.3%	13.1%	5.9%	449	167.0K	-40	0.79	30.01	N/A	N/A	24	19	125	77
2016-01-05	$23.55	$25.00	62.7%	16.9%	35.3%	19.5%	59.2%	34.4%	-3.4%	770	163.4K	-136	0.79	42.23	N/A	N/A	24	19	135	88
2016-01-06	$23.40	$25.00	75.5%	17.7%	34.8%	29.6%	62.1%	11.0%	-2.2%	563	167.2K	-133	0.79	100.81	N/A	N/A	24	19	135	88
2016-01-07	$22.65	$25.00	67.6%	18.8%	35.4%	23.3%	66.0%	9.1%	-2.0%	513	165.8K	-125	0.67	44.42	N/A	N/A	28	19	135	88
2016-01-08	$23.25	$25.00	59.7%	17.9%	37.8%	17.1%	62.7%	8.0%	-0.7%	688	170.5K	-131	0.67	36.80	N/A	N/A	28	19	139	88
2016-01-11	$22.70	$25.00	95.7%	18.6%	37.8%	45.3%	65.5%	7.5%	-3.7%	550	166.7K	-124	0.67	42.86	N/A	N/A	28	19	139	88
2016-01-12	$22.35	$25.00	140.2%	22.6%	37.8%	80.1%	79.7%	12.9%	-25.3%	97	171.6K	-110	0.67	106.54	N/A	N/A	28	19	139	88
2016-01-13	$21.90	$25.00	57.1%	16.4%	35.7%	15.1%	66.2%	4.0%	-9.9%	142	170.2K	-105	0.67	33.49	N/A	N/A	28	19	139	88
2016-01-14	$22.70	$25.00	66.3%	19.0%	39.1%	22.3%	67.3%	7.0%	-8.9%	158	176.4K	-108	1.15	26.60	N/A	N/A	16	19	139	88
2016-01-15	$21.50	$25.00	63.1%	18.1%	39.9%	19.8%	69.6%	3.6%	-6.8%	174	166.0K	-107	1.13	48.99	N/A	N/A	16	19	140	88
2016-01-19	$21.40	$25.00	64.4%	18.5%	40.0%	20.9%	66.4%	0.6%	-13.0%	224	3.4K	-105	2.10	48.07	N/A	N/A	6	13	18	12
2016-01-20	$21.55	$25.00	63.6%	18.2%	39.4%	20.2%	55.7%	-1.5%	16.5%	178	3.9K	-107	2.10	57.26	N/A	N/A	6	13	18	13
2016-01-21	$22.15	$25.00	57.9%	16.6%	40.6%	15.8%	62.1%	3.2%	-4.9%	241	5.0K	-106	2.10	40.68	N/A	N/A	6	13	18	13
2016-01-22	$23.50	$25.00	55.5%	15.9%	47.2%	13.8%	55.2%	7.8%	-0.0%	398	3.9K	-110	2.10	111.50	N/A	N/A	6	13	18	13
2016-01-25	$21.60	$25.00	61.7%	17.7%	54.6%	18.7%	61.8%	-1.5%	-0.9%	343	1.9K	-104	2.21	50.15	N/A	N/A	6	13	18	13
2016-01-26	$22.35	$25.00	60.9%	17.4%	56.9%	18.1%	65.1%	1.6%	-11.7%	237	5.4K	-101	2.21	41.62	N/A	N/A	6	13	18	13
2016-01-27	$21.65	$25.00	61.7%	17.7%	56.6%	18.7%	60.8%	-1.4%	4.3%	303	4.8K	-99	2.21	47.45	N/A	N/A	6	13	18	13
2016-01-28	$21.95	$25.00	63.9%	18.3%	57.1%	20.4%	65.5%	7.1%	-11.0%	299	4.0K	-103	2.21	104.16	N/A	N/A	6	13	18	13
2016-01-29	$23.25	$25.00	61.1%	17.5%	60.9%	18.2%	62.5%	10.2%	-0.6%	344	4.7K	-104	2.21	104.65	N/A	N/A	6	13	18	13