HIVE Options History — September 2016

In September 2016, HIVE traded between $29.30 and $32.70. ATM implied volatility averaged 68.5%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 42.7% (HV 20d: 25.8%). Max pain ranged from $37.50 to $37.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.35.

Notable Days

2016-09-29: Highest Volume — 42 contracts
2016-09-14: Largest IV drop — 73.6% change
2016-09-13: Highest IV Rank — 93.2%
2016-09-26: Largest Expected Move — 23.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.04	$29.30	$32.70	$32.70	$30.45
Max Pain	$37.50	$37.50	$37.50	$37.50	$37.50
ATM IV	68.5%	41.3%	156.9%	56.4%	53.7%
Expected Move	15.0%	10.5%	23.0%	16.2%	15.4%
HV 20d	25.8%	19.7%	30.9%	29.9%	30.9%
HV 60d	29.6%	28.0%	31.0%	31.0%	28.7%
IV Rank	24.6%	3.5%	93.2%	15.2%	13.1%
IV Percentile	51.2%	3.2%	99.6%	43.7%	32.1%
Term Structure	0.7%	-36.4%	33.5%	-4.5%	0.5%
VWIV	51.1%	35.8%	67.8%	56.4%	57.6%
Skew 25d	8.7%	2.1%	18.4%	2.4%	7.7%
Skew 10d	22.2%	13.0%	32.1%	18.9%	28.8%
Call IV 25d	50.9%	42.6%	56.9%	53.3%	47.9%
Put IV 25d	59.6%	53.7%	68.9%	55.7%	55.6%
Bid-Ask Spread %	78.38	11.08	113.38	112.38	55.40
Gamma HHI	0.82	0.65	0.93	0.92	0.69
Net GEX	2.4K	1.4K	3.7K	3.3K	1.4K
Net DEX	-36.7K	-97.6K	-4.8K	-81.1K	-39.1K
Net VEX	-359	-634	-185	-599	-284
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.02	1.67	1.67	0.02
Total Volume	22.762	4	42	29	42
Total OI	126.333	122	135	122	135

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
2016-09-01	$32.70	$37.50	56.4%	16.2%	29.9%	15.2%	56.4%	2.4%	-4.5%	3.3K	-81.1K	-599	1.67	112.38	N/A	N/A	11	18	100	22
2016-09-02	$32.60	$37.50	60.7%	17.4%	28.4%	18.6%	60.7%	8.3%	-5.0%	3.2K	-97.6K	-634	1.67	113.38	N/A	N/A	11	18	100	22
2016-09-06	$32.50	$37.50	64.3%	10.5%	27.0%	21.4%	40.8%	8.7%	23.4%	3.7K	-53.3K	-502	0.25	84.66	N/A	N/A	11	3	100	22
2016-09-07	$32.55	$37.50	74.8%	15.8%	19.7%	29.5%	52.4%	3.9%	-7.2%	3.2K	-95.8K	-604	0.42	80.42	N/A	N/A	7	3	100	22
2016-09-08	$31.55	$37.50	89.3%	16.9%	20.3%	40.7%	52.6%	2.8%	-16.1%	3.3K	-86.3K	-571	0.42	95.80	N/A	N/A	7	3	104	22
2016-09-09	$30.55	$37.50	95.6%	13.7%	21.9%	45.6%	50.6%	6.1%	7.2%	1.7K	-12.2K	-272	0.39	83.24	N/A	N/A	7	3	104	22
2016-09-12	$31.20	$37.50	150.8%	13.1%	23.8%	88.5%	47.3%	6.3%	22.7%	2.9K	-75.1K	-529	0.39	80.45	N/A	N/A	7	3	105	22
2016-09-13	$30.50	$37.50	156.9%	13.9%	24.5%	93.2%	48.2%	7.0%	9.5%	1.7K	-10.9K	-269	0.39	97.08	N/A	N/A	7	3	105	22
2016-09-14	$30.65	$37.50	41.4%	11.9%	24.7%	3.6%	43.2%	3.9%	15.4%	1.4K	-4.8K	-227	0.39	50.79	N/A	N/A	7	3	105	22
2016-09-15	$31.15	$37.50	41.3%	11.8%	25.8%	3.5%	41.6%	12.0%	13.8%	1.7K	-8.4K	-249	0.39	54.41	N/A	N/A	7	3	105	22
2016-09-16	$31.00	$37.50	59.2%	17.0%	25.3%	17.4%	53.5%	9.0%	2.8%	2.9K	-12.0K	-302	0.52	101.11	N/A	N/A	5	3	105	22
2016-09-19	$31.05	$37.50	59.4%	17.0%	25.3%	17.5%	55.3%	2.1%	-8.5%	2.7K	-26.4K	-324	0.25	100.38	N/A	N/A	3	1	102	20
2016-09-20	$31.15	$37.50	47.2%	13.5%	25.4%	8.1%	35.8%	3.2%	-0.2%	1.8K	-7.0K	-199	0.04	14.49	N/A	N/A	23	1	102	20
2016-09-21	$30.95	$37.50	64.3%	18.4%	23.3%	21.3%	55.4%	17.7%	-11.5%	2.5K	-21.2K	-293	0.04	102.57	N/A	N/A	23	1	102	20
2016-09-22	$31.60	$37.50	51.0%	14.6%	25.1%	11.1%	52.4%	18.4%	-20.6%	3.3K	-40.3K	-379	0.02	100.82	N/A	N/A	37	1	102	20
2016-09-23	$31.45	$37.50	53.4%	15.3%	25.1%	12.9%	54.9%	15.8%	-21.6%	3.4K	-50.5K	-422	0.02	98.89	N/A	N/A	37	1	110	20
2016-09-26	$30.00	$37.50	80.1%	23.0%	28.8%	33.7%	67.8%	16.7%	-36.4%	2.4K	-17.4K	-300	0.02	99.40	N/A	N/A	37	1	110	20
2016-09-27	$29.45	$37.50	50.8%	14.6%	29.0%	10.9%	56.5%	13.2%	18.1%	1.5K	-5.7K	-197	0.02	25.91	N/A	N/A	37	1	110	20
2016-09-28	$29.30	$37.50	44.5%	12.8%	28.9%	6.0%	46.6%	10.9%	33.5%	1.6K	-8.6K	-205	0.02	11.08	N/A	N/A	39	1	110	20
2016-09-29	$29.50	$37.50	44.0%	12.6%	28.4%	5.6%	44.1%	7.0%	0.4%	1.6K	-17.3K	-185	0.02	83.33	N/A	N/A	41	1	115	20
2016-09-30	$30.45	$37.50	53.7%	15.4%	30.9%	13.1%	57.6%	7.7%	0.5%	1.4K	-39.1K	-284	0.02	55.40	N/A	N/A	41	1	115	20