HIVE Options History — June 2016

In June 2016, HIVE traded between $30.45 and $34.25. ATM implied volatility averaged 52.7%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 24.6% (HV 20d: 28.1%). 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 0.13.

Notable Days

2016-06-01: Highest Volume — 69 contracts
2016-06-08: Largest IV drop — 37.6% change
2016-06-07: Highest IV Rank — 34.3%
2016-06-29: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.32	$30.45	$34.25	$31.25	$33.15
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	52.7%	40.8%	81.7%	60.6%	47.6%
Expected Move	14.1%	11.7%	17.4%	17.4%	13.6%
HV 20d	28.1%	21.8%	34.7%	27.4%	33.2%
HV 60d	32.3%	30.5%	34.2%	33.1%	34.2%
IV Rank	11.4%	1.7%	34.3%	17.9%	7.0%
IV Percentile	35.4%	0.8%	93.7%	61.9%	16.7%
Term Structure	9.0%	-14.8%	23.8%	-14.8%	12.7%
VWIV	54.4%	42.1%	69.6%	65.0%	58.5%
Skew 25d	2.6%	-10.8%	23.0%	3.2%	-10.8%
Skew 10d	31.0%	19.8%	44.4%	28.9%	22.6%
Call IV 25d	56.2%	50.6%	63.4%	53.6%	56.9%
Put IV 25d	58.8%	46.2%	77.9%	56.8%	46.2%
Bid-Ask Spread %	106.91	85.27	116.64	85.27	110.15
Gamma HHI	0.53	0.50	0.72	0.52	0.52
Net GEX	9.1K	5.0K	10.5K	8.3K	10.3K
Net DEX	-687.8K	-767.2K	-590.9K	-628.7K	-718.2K
Net VEX	-773	-1.1K	-306	-1.1K	-633
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.02	0.22	0.12	0.13
Total Volume	51.545	29	69	69	29
Total OI	347.864	310	365	359	333

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
2016-06-01	$31.25	$25.00	60.6%	17.4%	27.4%	17.9%	65.0%	0.0%	-14.8%	8.3K	-628.7K	-1.1K	0.12	85.27	N/A	N/A	62	7	344	15
2016-06-02	$30.65	$25.00	57.2%	15.0%	28.2%	15.2%	45.6%	0.0%	-3.7%	8.8K	-631.1K	-681	0.12	97.89	N/A	N/A	62	7	344	15
2016-06-03	$30.45	$25.00	61.2%	12.7%	24.3%	18.3%	45.9%	0.0%	9.2%	7.6K	-590.9K	-1.1K	0.12	99.76	N/A	N/A	62	7	344	15
2016-06-06	$30.80	$25.00	64.9%	12.0%	24.4%	21.2%	42.1%	0.0%	18.3%	5.0K	-684.3K	-306	0.12	108.83	N/A	N/A	62	7	344	15
2016-06-07	$30.80	$25.00	81.7%	13.5%	24.4%	34.3%	48.6%	0.0%	10.8%	7.9K	-605.6K	-1.0K	0.12	103.53	N/A	N/A	62	7	344	15
2016-06-08	$31.45	$25.00	50.9%	14.6%	23.6%	10.3%	53.7%	0.0%	-5.0%	8.2K	-643.9K	-1.0K	0.12	99.92	N/A	N/A	60	7	344	15
2016-06-09	$31.40	$25.00	51.6%	14.8%	23.7%	10.8%	45.6%	0.0%	23.7%	7.6K	-641.2K	-1.0K	0.12	107.56	N/A	N/A	60	7	346	15
2016-06-10	$31.75	$25.00	49.8%	14.3%	21.8%	9.4%	46.7%	0.0%	17.5%	8.2K	-658.3K	-971	0.12	110.17	N/A	N/A	60	7	346	15
2016-06-13	$31.50	$25.00	42.6%	12.2%	21.9%	3.8%	53.2%	0.0%	13.9%	8.2K	-691.3K	-504	0.12	111.63	N/A	N/A	59	7	346	15
2016-06-14	$33.35	$25.00	45.8%	13.1%	28.9%	6.3%	45.6%	0.0%	22.7%	9.6K	-767.2K	-734	0.02	114.15	N/A	N/A	59	1	347	15
2016-06-15	$33.25	$25.00	43.0%	12.3%	28.8%	4.1%	47.5%	0.0%	12.7%	9.7K	-765.4K	-681	0.09	114.15	N/A	N/A	59	5	347	15
2016-06-16	$33.15	$25.00	52.6%	15.1%	29.0%	11.0%	59.8%	0.0%	-7.9%	9.6K	-711.2K	-818	0.09	103.21	N/A	N/A	59	5	346	19
2016-06-17	$32.60	$25.00	52.4%	15.0%	30.1%	10.8%	61.9%	0.0%	0.9%	8.9K	-719.0K	-792	0.09	102.48	N/A	N/A	59	5	346	19
2016-06-20	$33.10	$25.00	51.7%	14.8%	29.9%	10.3%	64.4%	3.2%	-0.8%	9.5K	-693.6K	-679	0.21	105.58	N/A	N/A	26	5	291	19
2016-06-21	$33.20	$25.00	41.9%	12.0%	29.2%	2.5%	53.8%	11.3%	18.1%	10.3K	-715.8K	-730	0.21	111.23	N/A	N/A	26	5	311	19
2016-06-22	$33.25	$25.00	40.8%	11.7%	28.5%	1.7%	60.1%	23.0%	17.7%	10.3K	-718.7K	-670	0.21	111.14	N/A	N/A	26	5	311	19
2016-06-23	$34.25	$25.00	53.9%	15.5%	29.6%	12.0%	63.8%	4.4%	-4.8%	10.4K	-763.4K	-792	0.22	113.38	N/A	N/A	24	5	311	19
2016-06-24	$34.00	$25.00	48.5%	13.9%	29.3%	7.7%	49.1%	0.3%	23.8%	10.5K	-751.8K	-730	0.20	116.64	N/A	N/A	26	5	311	19
2016-06-27	$32.30	$25.00	52.3%	15.0%	34.7%	10.7%	58.3%	-6.7%	19.9%	10.2K	-663.9K	-695	0.13	112.84	N/A	N/A	26	3	313	19
2016-06-28	$32.30	$25.00	48.5%	13.9%	33.6%	7.7%	57.1%	-0.9%	14.1%	9.9K	-671.4K	-642	0.13	99.74	N/A	N/A	27	3	314	19
2016-06-29	$33.00	$25.00	60.6%	17.4%	34.3%	17.3%	69.6%	-0.2%	-2.0%	10.3K	-696.6K	-755	0.13	112.80	N/A	N/A	26	3	315	19
2016-06-30	$33.15	$25.00	47.6%	13.6%	33.2%	7.0%	58.5%	-10.8%	12.7%	10.3K	-718.2K	-633	0.13	110.15	N/A	N/A	26	3	314	19