HIVE Options History — October 2016

In October 2016, HIVE traded between $26.05 and $31.40. ATM implied volatility averaged 60.2%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 27.6% (HV 20d: 32.6%). Max pain ranged from $25.00 to $37.50. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 2.51.

Notable Days

2016-10-26: Highest Volume — 159 contracts
2016-10-24: Largest IV spike — 52.3% change
2016-10-27: Highest IV Rank — 32.5%
2016-10-05: Largest Expected Move — 22.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.86	$26.05	$31.40	$30.10	$26.05
Max Pain	$26.79	$25.00	$37.50	$37.50	$25.00
ATM IV	60.2%	42.4%	78.6%	57.3%	69.7%
Expected Move	17.0%	12.1%	22.5%	16.4%	20.0%
HV 20d	32.6%	26.1%	36.6%	31.0%	26.2%
HV 60d	29.7%	27.4%	30.5%	27.4%	28.3%
IV Rank	18.9%	4.7%	32.5%	15.9%	27.4%
IV Percentile	51.3%	5.2%	89.7%	44.8%	80.6%
Term Structure	-2.1%	-31.1%	18.5%	-8.2%	-10.0%
VWIV	57.3%	43.5%	76.1%	62.2%	69.6%
Skew 25d	5.4%	-0.6%	16.7%	6.0%	2.3%
Skew 10d	13.0%	1.7%	28.3%	28.3%	5.1%
Call IV 25d	50.0%	44.3%	54.6%	48.9%	53.3%
Put IV 25d	55.4%	50.9%	62.9%	54.9%	55.6%
Bid-Ask Spread %	78.34	24.35	115.65	86.96	111.09
Gamma HHI	0.71	0.50	0.91	0.69	0.91
Net GEX	-1.5K	-8.5K	2.1K	1.7K	-8.5K
Net DEX	-2.5K	-67.2K	84.5K	-19.6K	84.5K
Net VEX	-302	-513	-129	-187	-488
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.51	0.02	6.95	0.02	6.95
Total Volume	103.857	48	159	50	159
Total OI	166.286	135	223	135	181

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
2016-10-03	$30.10	$37.50	57.3%	16.4%	31.0%	15.9%	62.2%	6.0%	-8.2%	1.7K	-19.6K	-187	0.02	86.96	N/A	N/A	49	1	115	20
2016-10-04	$31.40	$37.50	54.2%	15.5%	35.1%	13.5%	46.7%	16.7%	-1.5%	1.9K	-62.2K	-334	0.02	24.35	N/A	N/A	47	1	123	20
2016-10-05	$30.45	$37.50	78.6%	22.5%	36.6%	32.5%	75.1%	15.1%	-16.3%	2.1K	-57.9K	-315	0.02	100.93	N/A	N/A	47	1	124	20
2016-10-06	$30.25	$25.00	57.6%	19.0%	35.1%	16.2%	51.6%	16.3%	7.5%	1.9K	-40.1K	-223	0.02	107.83	N/A	N/A	47	1	124	20
2016-10-07	$29.55	$25.00	69.3%	16.8%	34.2%	25.2%	51.1%	8.3%	10.1%	2.0K	-38.9K	-228	0.02	102.88	N/A	N/A	47	1	124	20
2016-10-10	$29.65	$25.00	65.1%	16.3%	33.2%	22.0%	47.4%	10.3%	17.3%	1.9K	-43.3K	-244	0.02	39.66	N/A	N/A	47	1	124	20
2016-10-11	$28.75	$25.00	68.4%	16.5%	34.0%	24.5%	50.8%	10.2%	7.7%	1.9K	-33.5K	-210	0.02	46.74	N/A	N/A	47	1	124	20
2016-10-12	$28.80	$25.00	52.5%	15.0%	33.9%	12.2%	45.7%	3.1%	1.6%	1.6K	-26.2K	-161	0.04	105.39	N/A	N/A	46	2	124	20
2016-10-13	$28.25	$25.00	54.1%	15.5%	33.6%	14.5%	51.0%	-0.4%	5.4%	1.6K	-23.0K	-173	0.06	51.13	N/A	N/A	46	3	124	21
2016-10-14	$27.55	$25.00	45.6%	13.1%	34.3%	7.3%	48.4%	2.8%	-1.0%	1.3K	-42.2K	-161	2.13	51.54	N/A	N/A	48	103	124	14
2016-10-17	$26.90	$25.00	44.5%	12.8%	34.8%	6.5%	49.9%	2.9%	9.4%	-3.5K	15.4K	-348	2.55	33.24	N/A	N/A	41	103	128	95
2016-10-18	$26.70	$25.00	53.0%	15.2%	34.6%	13.6%	53.3%	2.9%	0.6%	-3.4K	16.2K	-376	2.55	48.86	N/A	N/A	41	103	128	95
2016-10-19	$26.75	$25.00	51.3%	14.7%	34.7%	12.1%	51.1%	3.6%	7.6%	-3.5K	10.0K	-359	2.57	39.32	N/A	N/A	40	103	128	95
2016-10-20	$26.85	$25.00	51.3%	14.7%	33.4%	12.1%	0.0%	3.8%	10.1%	-1.5K	-67.2K	-129	2.46	75.99	N/A	N/A	42	103	127	89
2016-10-21	$26.50	$25.00	42.4%	12.1%	33.4%	4.7%	43.5%	2.3%	18.5%	-5.9K	-2.6K	-361	2.46	58.54	N/A	N/A	42	103	127	89
2016-10-24	$26.25	$25.00	64.5%	18.5%	30.2%	23.1%	64.4%	1.6%	-18.3%	-3.9K	39.4K	-348	4.95	110.27	N/A	N/A	20	99	58	83
2016-10-25	$26.15	$25.00	69.1%	19.8%	29.8%	27.0%	69.3%	-0.6%	-31.1%	-3.6K	36.7K	-344	4.95	112.89	N/A	N/A	20	99	58	83
2016-10-26	$26.05	$25.00	63.9%	18.3%	29.8%	22.6%	63.6%	1.5%	-12.9%	-4.4K	46.3K	-339	6.95	108.34	N/A	N/A	20	139	58	83
2016-10-27	$26.10	$25.00	75.8%	21.7%	29.6%	32.5%	76.1%	3.5%	-26.1%	-5.2K	77.0K	-510	6.95	113.47	N/A	N/A	20	139	58	123
2016-10-28	$26.05	$25.00	75.4%	21.6%	26.1%	32.2%	75.8%	0.7%	-13.7%	-5.2K	79.1K	-513	6.95	115.65	N/A	N/A	20	139	58	123
2016-10-31	$26.05	$25.00	69.7%	20.0%	26.2%	27.4%	69.6%	2.3%	-10.0%	-8.5K	84.5K	-488	6.95	111.09	N/A	N/A	20	139	58	123