HIVE Options History — March 2016

In March 2016, HIVE traded between $24.90 and $26.45. ATM implied volatility averaged 56.3%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 21.8% (HV 20d: 34.6%). 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 15 of 22 days. Put/call ratio averaged 1.07.

Notable Days

2016-03-01: Highest Volume — 21 contracts
2016-03-09: Largest IV drop — 46.5% change
2016-03-08: Highest IV Rank — 39.9%
2016-03-28: Largest Expected Move — 19.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.75	$24.90	$26.45	$26.40	$25.00
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	56.3%	46.9%	88.8%	59.0%	57.3%
Expected Move	15.4%	13.2%	19.2%	16.9%	16.4%
HV 20d	34.6%	28.3%	40.0%	39.7%	32.7%
HV 60d	46.8%	45.0%	47.8%	45.9%	45.0%
IV Rank	14.5%	7.2%	39.9%	16.6%	15.3%
IV Percentile	41.7%	13.1%	96.0%	49.2%	49.2%
Term Structure	1.5%	-14.7%	11.6%	-7.8%	-8.6%
VWIV	53.5%	46.3%	67.2%	52.8%	56.9%
Skew 25d	13.0%	-48.1%	29.5%	10.3%	27.9%
Skew 10d	34.1%	-12.7%	57.0%	36.4%	43.0%
Call IV 25d	65.3%	48.2%	113.1%	52.5%	69.8%
Put IV 25d	78.2%	51.0%	112.8%	62.8%	97.7%
Bid-Ask Spread %	82.72	18.93	115.56	111.83	60.06
Gamma HHI	0.98	0.96	0.99	0.98	0.98
Net GEX	984	382	1.6K	844	591
Net DEX	-17.0K	-29.6K	-2.2K	-23.5K	-2.2K
Net VEX	-128	-142	-111	-124	-114
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.07	0.44	1.59	1.41	0.79
Total Volume	15.455	11	21	21	12
Total OI	39.273	35	43	35	40

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
2016-03-01	$26.40	$25.00	59.0%	16.9%	39.7%	16.6%	0.0%	10.3%	-7.8%	844	-23.5K	-124	1.41	111.83	N/A	N/A	9	12	23	12
2016-03-02	$25.55	$25.00	61.9%	17.7%	40.0%	18.9%	52.8%	24.2%	-4.0%	780	-16.6K	-140	1.59	115.25	N/A	N/A	8	12	25	12
2016-03-03	$24.90	$25.00	55.7%	13.6%	36.5%	14.0%	47.5%	0.0%	6.4%	969	-17.3K	-141	1.59	107.70	N/A	N/A	8	12	26	12
2016-03-04	$25.70	$25.00	50.4%	13.2%	33.6%	9.9%	46.3%	5.2%	3.7%	1.1K	-22.0K	-142	1.59	70.49	N/A	N/A	8	12	26	12
2016-03-07	$25.60	$25.00	62.7%	14.0%	28.3%	19.5%	48.8%	16.0%	7.7%	1.1K	-19.2K	-137	1.59	41.58	N/A	N/A	8	12	26	12
2016-03-08	$25.05	$25.00	88.8%	15.4%	28.7%	39.9%	53.7%	18.9%	4.7%	893	-18.7K	-135	1.59	110.78	N/A	N/A	8	12	26	12
2016-03-09	$26.25	$25.00	47.5%	13.6%	32.7%	7.6%	47.5%	0.0%	11.6%	1.2K	-25.0K	-133	1.59	96.19	N/A	N/A	8	12	26	12
2016-03-10	$25.80	$25.00	48.1%	13.8%	33.4%	8.1%	48.2%	15.8%	9.6%	1.1K	-22.3K	-133	1.59	38.58	N/A	N/A	8	12	26	12
2016-03-11	$26.35	$25.00	52.9%	15.2%	33.4%	11.8%	52.7%	6.8%	1.0%	1.2K	-26.8K	-129	1.59	66.47	N/A	N/A	8	12	26	12
2016-03-14	$25.45	$25.00	52.1%	14.9%	35.8%	11.2%	52.0%	22.3%	3.7%	1.6K	-18.6K	-127	0.44	18.93	N/A	N/A	8	3	26	12
2016-03-15	$25.90	$25.00	51.7%	14.8%	36.2%	10.9%	51.5%	16.5%	2.6%	1.6K	-21.5K	-129	0.69	33.66	N/A	N/A	8	5	26	13
2016-03-16	$25.90	$25.00	48.4%	13.9%	34.7%	8.3%	49.0%	14.1%	6.2%	1.5K	-17.1K	-134	0.69	65.92	N/A	N/A	8	5	26	17
2016-03-17	$26.15	$25.00	51.9%	14.9%	34.7%	11.0%	58.0%	24.7%	9.6%	1.1K	-21.0K	-134	0.69	103.19	N/A	N/A	8	5	26	17
2016-03-18	$26.35	$25.00	46.9%	13.5%	34.6%	7.2%	48.9%	-48.1%	9.8%	1.4K	-29.6K	-115	0.64	114.75	N/A	N/A	8	5	26	17
2016-03-21	$26.45	$25.00	61.0%	17.5%	34.6%	18.2%	61.1%	10.0%	-7.8%	625	-15.6K	-127	0.79	115.56	N/A	N/A	7	5	23	17
2016-03-22	$26.20	$25.00	57.3%	16.4%	34.8%	15.2%	59.0%	16.3%	2.4%	601	-13.2K	-128	0.79	114.94	N/A	N/A	7	5	23	17
2016-03-23	$25.70	$25.00	59.4%	17.0%	35.6%	16.9%	61.8%	23.7%	-3.1%	382	-10.1K	-129	0.79	114.05	N/A	N/A	7	5	23	17
2016-03-24	$25.35	$25.00	49.9%	14.3%	35.7%	9.5%	49.8%	17.8%	5.2%	550	-9.0K	-127	0.79	37.32	N/A	N/A	7	5	23	17
2016-03-28	$25.25	$25.00	67.1%	19.2%	35.7%	23.0%	67.2%	29.5%	-14.7%	422	-5.9K	-120	0.79	114.72	N/A	N/A	7	5	23	17
2016-03-29	$25.50	$25.00	50.3%	14.4%	35.8%	9.8%	54.2%	-6.7%	1.7%	1.5K	-6.0K	-111	0.79	107.17	N/A	N/A	7	5	23	17
2016-03-30	$25.60	$25.00	59.3%	17.0%	33.7%	16.8%	57.1%	14.4%	-7.4%	588	-12.5K	-115	0.79	60.58	N/A	N/A	7	5	23	17
2016-03-31	$25.00	$25.00	57.3%	16.4%	32.7%	15.3%	56.9%	27.9%	-8.6%	591	-2.2K	-114	0.79	60.06	N/A	N/A	7	5	23	17