HIVE Options History — July 2016

In July 2016, HIVE traded between $33.25 and $36.85. ATM implied volatility averaged 59.9%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 26.6% (HV 20d: 33.3%). Max pain ranged from $25.00 to $37.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.42.

Notable Days

2016-07-26: Highest Volume — 131 contracts
2016-07-11: Largest IV spike — 24.3% change
2016-07-11: Highest IV Rank — 27.5%
2016-07-01: Largest Expected Move — 19.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.22	$33.25	$36.85	$34.30	$36.45
Max Pain	$36.72	$25.00	$37.50	$25.00	$37.50
ATM IV	59.9%	55.4%	73.6%	69.3%	56.8%
Expected Move	16.7%	14.2%	19.9%	19.9%	16.3%
HV 20d	33.3%	25.2%	39.2%	34.6%	25.7%
HV 60d	31.9%	28.8%	33.0%	31.8%	28.9%
IV Rank	16.7%	13.1%	27.5%	24.1%	14.2%
IV Percentile	56.4%	43.7%	86.1%	81.0%	45.2%
Term Structure	-4.1%	-17.8%	3.5%	-17.8%	-2.8%
VWIV	59.9%	50.7%	87.3%	87.3%	56.8%
Skew 25d	4.9%	-1.6%	14.8%	-1.6%	12.0%
Skew 10d	15.4%	1.8%	27.1%	23.6%	16.6%
Call IV 25d	57.8%	50.4%	63.6%	60.0%	62.2%
Put IV 25d	62.7%	53.9%	76.9%	58.4%	74.2%
Bid-Ask Spread %	94.66	31.92	107.83	107.83	97.19
Gamma HHI	0.87	0.51	0.99	0.51	0.99
Net GEX	8.5K	3.9K	15.7K	10.1K	15.7K
Net DEX	-527.4K	-926.9K	-148.0K	-766.1K	-365.4K
Net VEX	-810	-1.3K	-439	-760	-1.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.07	1.06	0.55	0.15
Total Volume	57.95	7	131	9	127
Total OI	262.6	126	417	333	238

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
2016-07-01	$34.30	$25.00	69.3%	19.9%	34.6%	24.1%	87.3%	-1.6%	-17.8%	10.1K	-766.1K	-760	0.55	107.83	N/A	N/A	6	3	314	19
2016-07-05	$33.25	$0.00	55.4%	15.4%	37.0%	13.1%	0.0%	3.5%	-2.6%	10.2K	-729.6K	-546	0.63	98.56	N/A	N/A	5	3	314	19
2016-07-06	$33.45	$0.00	56.1%	15.9%	36.9%	13.7%	0.0%	0.0%	2.5%	10.2K	-740.7K	-527	0.63	101.73	N/A	N/A	5	3	316	19
2016-07-07	$34.00	$0.00	58.8%	17.1%	36.7%	15.8%	0.0%	-1.1%	-3.2%	10.4K	-769.9K	-514	0.94	98.50	N/A	N/A	4	3	316	19
2016-07-08	$35.40	$0.00	59.2%	17.5%	38.8%	16.1%	61.1%	1.1%	-2.0%	9.5K	-854.8K	-439	0.08	92.05	N/A	N/A	45	3	316	19
2016-07-11	$35.05	$37.50	73.6%	14.2%	39.2%	27.5%	50.7%	5.0%	3.5%	14.8K	-926.9K	-664	0.07	99.76	N/A	N/A	47	3	361	19
2016-07-12	$35.00	$37.50	65.2%	15.9%	39.0%	20.9%	55.7%	3.1%	-1.9%	13.2K	-892.7K	-617	0.07	96.71	N/A	N/A	47	3	358	19
2016-07-13	$34.95	$37.50	59.5%	17.1%	33.8%	16.4%	59.6%	0.0%	-6.1%	3.9K	-841.5K	-521	0.07	93.76	N/A	N/A	51	3	358	19
2016-07-14	$34.65	$37.50	58.0%	16.6%	34.0%	15.2%	58.5%	2.4%	-10.9%	5.2K	-878.1K	-745	0.42	96.48	N/A	N/A	47	20	383	19
2016-07-15	$34.85	$37.50	55.6%	15.9%	34.0%	13.3%	56.9%	7.6%	-9.6%	4.3K	-843.2K	-875	0.43	99.28	N/A	N/A	46	20	382	35
2016-07-18	$35.30	$37.50	57.0%	16.3%	33.4%	14.4%	57.0%	0.4%	-1.6%	4.2K	-148.0K	-854	0.38	31.92	N/A	N/A	43	16	106	20
2016-07-19	$34.90	$37.50	57.8%	16.6%	33.5%	15.1%	58.1%	0.0%	-2.2%	4.3K	-160.8K	-878	0.38	97.12	N/A	N/A	43	16	109	20
2016-07-20	$35.00	$37.50	58.1%	16.6%	33.5%	15.3%	58.1%	3.4%	-2.2%	4.3K	-153.8K	-874	0.38	97.76	N/A	N/A	43	16	109	20
2016-07-21	$35.30	$37.50	56.4%	16.2%	33.6%	13.9%	56.6%	0.0%	-3.1%	4.5K	-154.6K	-861	0.61	99.83	N/A	N/A	27	16	109	20
2016-07-22	$35.90	$37.50	58.8%	16.8%	32.5%	15.8%	59.4%	7.6%	-4.4%	4.8K	-176.8K	-893	1.06	97.72	N/A	N/A	15	16	113	20
2016-07-25	$36.45	$37.50	60.0%	17.2%	32.6%	16.8%	60.2%	5.4%	-4.6%	5.2K	-189.5K	-910	1.06	95.72	N/A	N/A	15	16	114	20
2016-07-26	$36.85	$37.50	62.0%	17.8%	25.5%	18.3%	62.0%	0.0%	-1.6%	5.2K	-204.7K	-918	0.14	93.29	N/A	N/A	115	16	114	20
2016-07-27	$36.60	$37.50	60.0%	17.2%	25.8%	16.7%	60.0%	14.8%	-5.9%	14.7K	-387.4K	-1.3K	0.15	100.83	N/A	N/A	110	16	218	20
2016-07-28	$36.80	$37.50	59.9%	17.2%	25.2%	16.7%	60.1%	9.6%	-6.1%	15.2K	-364.2K	-1.3K	0.15	97.22	N/A	N/A	110	16	218	20
2016-07-29	$36.45	$37.50	56.8%	16.3%	25.7%	14.2%	56.8%	12.0%	-2.8%	15.7K	-365.4K	-1.3K	0.15	97.19	N/A	N/A	111	16	218	20