HIVE Options History — May 2016

In May 2016, HIVE traded between $29.05 and $32.10. ATM implied volatility averaged 62.0%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 26.1% (HV 20d: 35.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.03.

Notable Days

2016-05-04: Highest Volume — 289 contracts
2016-05-10: Largest IV spike — 38.9% change
2016-05-10: Highest IV Rank — 41.4%
2016-05-03: Largest Expected Move — 26.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.15	$29.05	$32.10	$31.00	$31.35
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	62.0%	46.7%	90.7%	83.0%	52.0%
Expected Move	17.3%	13.4%	26.0%	23.8%	14.9%
HV 20d	35.9%	30.0%	40.8%	37.9%	30.0%
HV 60d	34.0%	33.1%	34.6%	34.1%	33.1%
IV Rank	18.9%	7.0%	41.4%	35.4%	11.1%
IV Percentile	56.7%	12.7%	96.0%	92.9%	38.9%
Term Structure	-1.8%	-54.2%	16.0%	-17.0%	7.9%
VWIV	59.9%	43.4%	116.1%	76.3%	69.6%
Bid-Ask Spread %	95.61	58.92	112.61	82.19	58.92
Gamma HHI	0.60	0.50	0.72	0.50	0.51
Net GEX	10.2K	7.6K	13.3K	7.8K	7.9K
Net DEX	-720.5K	-840.9K	-575.1K	-592.1K	-642.5K
Net VEX	-1.1K	-1.5K	-847	-1.5K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.01	0.12	0.02	0.12
Total Volume	202.333	69	289	163	69
Total OI	448.048	344	517	344	361

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
2016-05-02	$31.00	$25.00	83.0%	23.8%	37.9%	35.4%	76.3%	0.0%	-17.0%	7.8K	-592.1K	-1.5K	0.02	82.19	N/A	N/A	160	3	331	13
2016-05-03	$30.00	$25.00	90.6%	26.0%	40.8%	41.4%	116.1%	0.0%	-54.2%	10.5K	-580.3K	-1.1K	0.02	99.88	N/A	N/A	150	3	347	13
2016-05-04	$30.35	$25.00	69.2%	19.8%	40.8%	24.6%	75.3%	0.0%	-24.3%	10.3K	-575.1K	-1.3K	0.01	100.71	N/A	N/A	286	3	346	13
2016-05-05	$29.20	$25.00	73.2%	18.8%	36.3%	27.7%	69.9%	0.0%	14.2%	13.3K	-771.6K	-1.2K	0.01	94.62	N/A	N/A	225	3	502	13
2016-05-06	$29.05	$25.00	55.7%	18.8%	34.6%	14.0%	58.9%	0.0%	-24.7%	12.3K	-752.6K	-1.1K	0.01	93.54	N/A	N/A	229	3	502	13
2016-05-09	$29.20	$25.00	65.3%	16.0%	34.6%	21.6%	47.0%	0.0%	13.5%	11.8K	-768.9K	-1.1K	0.01	100.78	N/A	N/A	229	3	502	13
2016-05-10	$30.00	$25.00	90.7%	19.2%	35.5%	41.4%	43.4%	0.0%	0.1%	9.1K	-801.5K	-1.5K	0.01	107.66	N/A	N/A	229	3	502	13
2016-05-11	$30.00	$25.00	57.8%	16.6%	35.5%	15.6%	47.5%	0.0%	-5.8%	11.7K	-840.9K	-915	0.01	112.15	N/A	N/A	229	3	502	13
2016-05-12	$29.30	$25.00	59.6%	17.1%	36.5%	17.1%	55.4%	0.0%	7.7%	12.4K	-788.4K	-983	0.01	91.46	N/A	N/A	229	3	502	13
2016-05-13	$29.15	$25.00	56.5%	16.2%	36.2%	14.6%	50.7%	0.0%	11.3%	12.1K	-783.2K	-952	0.01	92.47	N/A	N/A	229	3	502	13
2016-05-16	$29.25	$25.00	66.1%	19.0%	34.3%	22.2%	59.5%	0.0%	3.8%	10.1K	-775.9K	-1.0K	0.01	88.56	N/A	N/A	229	3	502	13
2016-05-17	$29.10	$25.00	55.7%	16.0%	34.3%	14.0%	45.8%	0.0%	15.1%	10.0K	-777.8K	-912	0.01	82.33	N/A	N/A	229	3	502	13
2016-05-18	$29.30	$25.00	65.3%	18.7%	34.4%	21.5%	62.7%	0.0%	-13.1%	9.7K	-807.6K	-961	0.01	91.53	N/A	N/A	229	3	502	13
2016-05-19	$29.40	$25.00	46.9%	13.4%	34.4%	7.1%	50.7%	0.0%	12.3%	9.6K	-793.6K	-884	0.01	100.11	N/A	N/A	229	3	502	13
2016-05-20	$30.00	$25.00	46.7%	13.4%	35.0%	7.0%	46.6%	0.0%	-4.1%	9.8K	-829.3K	-847	0.01	99.79	N/A	N/A	229	3	504	13
2016-05-23	$30.65	$25.00	50.4%	14.5%	35.7%	9.9%	53.3%	0.0%	-8.6%	7.6K	-583.6K	-1.2K	0.05	82.67	N/A	N/A	152	7	346	13
2016-05-24	$31.30	$25.00	48.0%	13.8%	36.3%	8.0%	48.5%	0.0%	14.7%	10.0K	-646.9K	-994	0.05	96.45	N/A	N/A	152	7	346	15
2016-05-25	$31.90	$25.00	49.3%	14.1%	36.6%	9.0%	56.1%	0.0%	9.9%	9.4K	-659.1K	-1.2K	0.05	107.32	N/A	N/A	152	7	346	15
2016-05-26	$31.55	$25.00	51.4%	14.7%	36.5%	10.7%	53.4%	0.0%	16.0%	8.8K	-653.0K	-1.2K	0.05	112.12	N/A	N/A	152	7	346	15
2016-05-27	$32.10	$25.00	67.8%	19.4%	36.8%	23.5%	71.1%	0.0%	-12.9%	9.8K	-706.9K	-1.3K	0.05	112.61	N/A	N/A	152	7	346	15
2016-05-31	$31.35	$25.00	52.0%	14.9%	30.0%	11.1%	69.6%	0.0%	7.9%	7.9K	-642.5K	-1.1K	0.12	58.92	N/A	N/A	62	7	346	15