HIVE Options History — April 2016

In April 2016, HIVE traded between $25.00 and $29.85. ATM implied volatility averaged 64.5%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 31.8% (HV 20d: 32.8%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.21.

Notable Days

2016-04-29: Highest Volume — 147 contracts
2016-04-12: Largest IV spike — 136.9% change
2016-04-12: Highest IV Rank — 90.8%
2016-04-29: Largest Expected Move — 22.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.32	$25.00	$29.85	$25.00	$29.00
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	64.5%	41.7%	153.8%	70.6%	79.8%
Expected Move	15.9%	12.0%	22.9%	20.2%	22.9%
HV 20d	32.8%	29.0%	35.8%	31.4%	31.6%
HV 60d	41.3%	33.0%	46.0%	44.5%	33.0%
IV Rank	20.9%	3.1%	90.8%	25.6%	32.9%
IV Percentile	52.2%	2.4%	99.6%	79.8%	91.3%
Term Structure	-3.4%	-54.8%	13.5%	-13.5%	-54.8%
VWIV	56.7%	43.9%	95.1%	70.6%	95.1%
Skew 25d	36.3%	36.3%	36.3%	36.3%	36.3%
Skew 10d	63.7%	63.7%	63.7%	63.7%	63.7%
Call IV 25d	92.0%	92.0%	92.0%	92.0%	92.0%
Put IV 25d	128.3%	128.3%	128.3%	128.3%	128.3%
Bid-Ask Spread %	60.00	19.39	110.15	110.15	87.70
Gamma HHI	0.81	0.52	0.99	0.97	0.52
Net GEX	2.0K	-344	6.6K	410	6.6K
Net DEX	-65.1K	-342.0K	-4.4K	-4.4K	-342.0K
Net VEX	-286	-847	-72	-113	-847
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.02	0.79	0.79	0.02
Total Volume	51.095	12	147	12	147
Total OI	102.81	40	230	40	230

Daily Data (21 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
2016-04-01	$25.00	$25.00	70.6%	20.2%	31.4%	25.6%	70.6%	36.3%	-13.5%	410	-4.4K	-113	0.79	110.15	N/A	N/A	7	5	23	17
2016-04-04	$25.45	$0.00	65.5%	16.0%	29.9%	21.7%	0.0%	0.0%	-11.2%	607	-6.3K	-107	0.79	46.73	N/A	N/A	7	5	23	17
2016-04-05	$25.65	$0.00	73.0%	17.2%	30.0%	27.6%	0.0%	0.0%	-10.6%	660	-9.2K	-104	0.51	40.53	N/A	N/A	11	5	23	17
2016-04-06	$25.85	$0.00	74.7%	15.0%	29.0%	28.9%	0.0%	0.0%	-0.6%	-344	-32.7K	-72	0.51	82.22	N/A	N/A	11	5	27	17
2016-04-07	$27.80	$0.00	98.6%	16.6%	35.2%	47.6%	0.0%	0.0%	5.7%	375	-28.3K	-101	0.05	93.38	N/A	N/A	100	5	27	17
2016-04-08	$28.70	$0.00	66.4%	14.9%	35.8%	22.4%	0.0%	0.0%	9.4%	1.8K	-77.4K	-264	0.05	31.14	N/A	N/A	102	5	113	17
2016-04-11	$28.90	$0.00	64.9%	15.0%	35.3%	21.3%	0.0%	0.0%	12.7%	1.9K	-39.4K	-299	0.06	39.50	N/A	N/A	94	5	96	17
2016-04-12	$29.35	$0.00	153.8%	21.4%	32.2%	90.8%	0.0%	0.0%	-21.2%	2.4K	-52.6K	-361	0.06	104.96	N/A	N/A	98	5	102	17
2016-04-13	$29.30	$0.00	58.6%	16.8%	32.1%	16.3%	52.4%	0.0%	6.0%	2.5K	-53.8K	-348	0.16	42.48	N/A	N/A	34	5	102	17
2016-04-14	$29.45	$25.00	41.7%	12.0%	32.0%	3.1%	44.4%	0.0%	7.1%	2.5K	-79.4K	-341	0.17	55.79	N/A	N/A	32	5	102	17
2016-04-15	$29.85	$25.00	42.6%	12.2%	32.1%	3.8%	43.9%	0.0%	-8.3%	2.5K	-83.1K	-375	0.18	54.65	N/A	N/A	30	5	103	17
2016-04-18	$28.90	$25.00	49.0%	14.0%	35.0%	8.8%	58.9%	0.0%	11.7%	2.5K	-66.8K	-294	0.05	62.83	N/A	N/A	26	1	97	11
2016-04-19	$28.85	$25.00	52.9%	15.2%	35.0%	11.8%	66.3%	0.0%	-22.3%	2.3K	-61.0K	-298	0.05	78.06	N/A	N/A	23	1	97	11
2016-04-20	$28.75	$25.00	55.5%	15.9%	34.8%	13.9%	48.7%	0.0%	2.6%	2.0K	-57.6K	-257	0.15	40.91	N/A	N/A	21	3	98	11
2016-04-21	$28.75	$25.00	54.3%	15.6%	33.7%	13.0%	45.3%	0.0%	12.0%	2.1K	-56.0K	-301	0.14	41.30	N/A	N/A	22	3	98	13
2016-04-22	$28.80	$25.00	48.2%	13.8%	32.9%	8.2%	55.3%	0.0%	2.0%	2.0K	-59.6K	-307	0.14	57.60	N/A	N/A	22	3	100	13
2016-04-25	$28.95	$25.00	45.1%	12.9%	32.7%	5.7%	45.9%	0.0%	13.2%	1.9K	-60.8K	-276	0.14	53.26	N/A	N/A	22	3	100	13
2016-04-26	$29.00	$25.00	45.6%	13.1%	32.7%	6.1%	45.5%	0.0%	13.5%	1.7K	-59.7K	-274	0.14	52.40	N/A	N/A	22	3	100	13
2016-04-27	$29.35	$25.00	63.7%	18.3%	32.8%	20.3%	62.6%	0.0%	-8.0%	2.6K	-73.6K	-369	0.14	65.10	N/A	N/A	22	3	100	13
2016-04-28	$29.00	$25.00	50.2%	14.4%	31.6%	9.7%	58.8%	0.0%	-16.1%	2.1K	-64.5K	-292	0.02	19.39	N/A	N/A	142	3	100	13
2016-04-29	$29.00	$25.00	79.8%	22.9%	31.6%	32.9%	95.1%	0.0%	-54.8%	6.6K	-342.0K	-847	0.02	87.70	N/A	N/A	144	3	217	13