HIVE Options History — February 2016

In February 2016, HIVE traded between $22.35 and $25.55. ATM implied volatility averaged 61.8%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 4.4% (HV 20d: 57.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.08.

Notable Days

2016-02-03: Highest Volume — 45 contracts
2016-02-18: Largest IV spike — 27.4% change
2016-02-02: Highest IV Rank — 32.8%
2016-02-02: Largest Expected Move — 22.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.41	$22.35	$25.55	$23.05	$25.55
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	61.8%	51.0%	79.7%	63.4%	62.9%
Expected Move	17.9%	14.6%	22.8%	18.2%	18.0%
HV 20d	57.4%	38.9%	65.6%	60.9%	38.9%
HV 60d	45.9%	44.1%	47.6%	44.1%	45.6%
IV Rank	18.8%	10.4%	32.8%	20.1%	19.7%
IV Percentile	55.2%	29.4%	91.7%	59.9%	59.9%
Term Structure	-5.4%	-16.8%	7.9%	7.9%	-6.8%
VWIV	62.5%	53.6%	81.3%	64.2%	53.6%
Skew 25d	14.1%	4.0%	29.2%	4.0%	18.1%
Skew 10d	23.2%	8.1%	48.2%	8.1%	36.0%
Call IV 25d	52.7%	45.7%	63.4%	54.8%	54.2%
Put IV 25d	66.8%	57.3%	82.7%	58.8%	72.3%
Bid-Ask Spread %	72.99	37.77	117.96	52.47	117.96
Gamma HHI	0.94	0.76	0.99	0.82	0.97
Net GEX	2.1K	299	5.6K	393	754
Net DEX	-21.3K	-50.5K	3.4K	3.4K	-14.9K
Net VEX	-147	-183	-100	-104	-136
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.08	0.40	2.21	2.21	1.72
Total Volume	29.05	19	45	19	19
Total OI	50.55	31	71	31	35

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
2016-02-01	$23.05	$25.00	63.4%	18.2%	60.9%	20.1%	64.2%	4.0%	7.9%	393	3.4K	-104	2.21	52.47	N/A	N/A	6	13	18	13
2016-02-02	$22.35	$25.00	79.7%	22.8%	58.7%	32.8%	81.3%	5.7%	-16.8%	299	1.2K	-100	2.21	41.77	N/A	N/A	6	13	18	13
2016-02-03	$23.70	$25.00	61.3%	17.6%	61.8%	18.4%	71.0%	7.5%	-5.3%	524	-723	-103	0.40	37.77	N/A	N/A	32	13	19	13
2016-02-04	$24.95	$0.00	51.2%	17.9%	64.4%	10.5%	0.0%	12.0%	0.2%	3.5K	-33.3K	-159	0.55	49.66	N/A	N/A	23	13	44	13
2016-02-05	$23.80	$0.00	56.7%	19.0%	65.6%	14.8%	0.0%	6.4%	-11.9%	2.1K	-15.9K	-148	0.47	39.73	N/A	N/A	27	13	42	13
2016-02-08	$24.35	$0.00	70.6%	18.1%	65.5%	25.7%	63.1%	15.8%	0.6%	1.7K	-34.2K	-167	0.42	112.95	N/A	N/A	31	13	46	13
2016-02-09	$24.15	$25.00	70.1%	19.7%	64.9%	25.3%	67.1%	8.2%	-5.1%	2.5K	-32.7K	-173	0.47	50.69	N/A	N/A	27	13	50	13
2016-02-10	$24.00	$25.00	71.7%	20.5%	64.6%	26.5%	71.7%	19.3%	-9.0%	3.0K	-30.6K	-172	0.47	98.96	N/A	N/A	27	13	50	13
2016-02-11	$24.50	$25.00	70.9%	20.3%	64.2%	25.9%	67.9%	17.5%	-11.2%	3.5K	-38.4K	-183	0.77	106.17	N/A	N/A	17	13	54	13
2016-02-12	$24.85	$25.00	56.8%	16.3%	63.3%	14.9%	56.8%	10.3%	2.0%	4.1K	-41.2K	-180	0.77	53.01	N/A	N/A	17	13	54	13
2016-02-16	$24.95	$25.00	55.7%	16.0%	59.4%	14.1%	55.7%	29.2%	-5.8%	4.9K	-50.5K	-164	0.77	99.58	N/A	N/A	17	13	54	13
2016-02-17	$24.30	$25.00	51.0%	14.6%	60.5%	10.4%	58.3%	23.1%	-3.2%	5.1K	-38.6K	-154	0.77	113.21	N/A	N/A	17	13	54	13
2016-02-18	$24.25	$25.00	65.0%	18.6%	60.6%	21.3%	65.0%	0.0%	-14.8%	5.6K	-33.3K	-158	0.77	100.61	N/A	N/A	17	13	58	13
2016-02-19	$24.55	$25.00	58.1%	16.7%	60.1%	15.9%	58.1%	13.7%	-6.6%	539	-7.4K	-141	0.77	45.24	N/A	N/A	17	13	58	13
2016-02-22	$24.55	$25.00	60.1%	17.2%	56.6%	17.5%	60.1%	14.4%	-0.5%	492	-9.7K	-141	1.17	50.17	N/A	N/A	11	12	23	12
2016-02-23	$24.75	$25.00	58.3%	16.7%	46.5%	16.1%	57.8%	15.3%	-4.4%	572	-10.5K	-139	1.72	54.43	N/A	N/A	7	12	23	12
2016-02-24	$24.95	$25.00	55.0%	15.8%	45.3%	13.5%	55.0%	15.3%	-3.8%	637	-10.7K	-140	1.72	73.08	N/A	N/A	7	12	23	12
2016-02-25	$25.30	$25.00	60.6%	17.4%	43.2%	17.9%	60.6%	15.4%	-10.3%	672	-13.8K	-140	1.72	93.50	N/A	N/A	7	12	23	12
2016-02-26	$25.40	$25.00	56.6%	16.2%	43.2%	14.7%	57.3%	15.7%	-2.8%	663	-14.5K	-139	1.72	68.86	N/A	N/A	7	12	23	12
2016-02-29	$25.55	$25.00	62.9%	18.0%	38.9%	19.7%	53.6%	18.1%	-6.8%	754	-14.9K	-136	1.72	117.96	N/A	N/A	7	12	23	12