HIVE Options History — November 2016

In November 2016, HIVE traded between $25.00 and $29.00. ATM implied volatility averaged 51.9%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 22.2% (HV 20d: 29.7%). Max pain ranged from $25.00 to $37.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.50.

Notable Days

2016-11-01: Highest Volume — 159 contracts
2016-11-25: Largest IV spike — 30.8% change
2016-11-01: Highest IV Rank — 25.8%
2016-11-01: Largest Expected Move — 19.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.08	$25.00	$29.00	$25.90	$27.60
Max Pain	$34.72	$25.00	$37.50	$25.00	$37.50
ATM IV	51.9%	42.8%	67.7%	67.7%	45.1%
Expected Move	14.5%	11.7%	19.4%	19.4%	12.9%
HV 20d	29.7%	18.3%	38.1%	18.6%	38.0%
HV 60d	29.8%	25.5%	32.3%	28.0%	32.3%
IV Rank	12.6%	5.0%	25.8%	25.8%	7.0%
IV Percentile	31.0%	6.3%	77.0%	77.0%	11.1%
Term Structure	-0.3%	-20.6%	11.0%	-12.1%	3.2%
VWIV	59.5%	50.6%	67.9%	61.7%	50.8%
Skew 25d	5.8%	0.9%	22.3%	1.4%	4.5%
Skew 10d	9.4%	2.0%	21.5%	2.0%	6.9%
Call IV 25d	50.7%	37.3%	55.6%	54.6%	51.6%
Put IV 25d	56.5%	51.4%	64.2%	56.0%	56.1%
Bid-Ask Spread %	58.18	21.59	112.88	112.88	21.59
Gamma HHI	0.79	0.51	0.97	0.86	0.84
Net GEX	-3.7K	-10.8K	-110	-5.6K	-2.0K
Net DEX	16.8K	-33.3K	107.2K	84.7K	-2.1K
Net VEX	-325	-500	-196	-500	-369
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.50	0.12	6.95	6.95	1.83
Total Volume	57.81	36	159	159	105
Total OI	160.714	113	187	181	149

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
2016-11-01	$25.90	$25.00	67.7%	19.4%	18.6%	25.8%	61.7%	1.4%	-12.1%	-5.6K	84.7K	-500	6.95	112.88	N/A	N/A	20	139	58	123
2016-11-02	$26.20	$25.00	62.4%	17.9%	18.3%	21.3%	62.5%	1.0%	-12.9%	-7.1K	78.6K	-463	3.18	65.40	N/A	N/A	20	64	58	123
2016-11-03	$26.10	$0.00	60.9%	16.4%	18.4%	20.1%	0.0%	0.9%	-2.5%	-7.9K	85.0K	-477	3.10	102.06	N/A	N/A	20	62	58	129
2016-11-04	$25.00	$0.00	64.1%	16.5%	21.7%	22.7%	0.0%	2.1%	-2.0%	-6.7K	107.2K	-452	3.10	53.60	N/A	N/A	20	62	58	123
2016-11-07	$25.85	$0.00	63.9%	11.7%	26.0%	22.6%	0.0%	2.3%	8.3%	-9.2K	87.9K	-411	1.13	63.73	N/A	N/A	20	23	58	123
2016-11-08	$25.95	$0.00	46.9%	13.8%	24.7%	8.5%	0.0%	15.6%	6.6%	-10.8K	70.1K	-403	1.13	55.50	N/A	N/A	20	23	58	123
2016-11-09	$26.80	$0.00	48.6%	13.9%	28.0%	9.8%	0.0%	22.3%	-7.4%	-1.8K	1.6K	-245	1.13	54.01	N/A	N/A	20	23	58	123
2016-11-10	$26.45	$0.00	53.0%	15.2%	27.6%	13.5%	0.0%	3.3%	5.7%	-8.9K	32.7K	-355	1.13	42.63	N/A	N/A	20	23	58	123
2016-11-11	$27.55	$0.00	49.8%	14.3%	30.4%	10.8%	0.0%	3.1%	6.6%	-5.7K	12.6K	-300	1.18	52.94	N/A	N/A	20	24	58	123
2016-11-14	$27.15	$0.00	45.9%	13.2%	29.6%	7.6%	0.0%	5.6%	2.7%	-4.4K	2.3K	-262	1.18	50.65	N/A	N/A	20	24	58	124
2016-11-15	$27.00	$0.00	44.4%	12.7%	29.6%	6.3%	0.0%	4.1%	11.0%	-3.1K	-980	-268	1.18	57.83	N/A	N/A	20	24	58	124
2016-11-16	$27.70	$0.00	46.6%	13.4%	30.9%	8.2%	0.0%	3.2%	10.0%	-1.4K	-8.6K	-231	1.31	48.10	N/A	N/A	18	24	58	124
2016-11-17	$27.85	$0.00	49.6%	14.2%	30.9%	10.7%	0.0%	5.3%	4.0%	-908	-11.4K	-241	1.30	52.20	N/A	N/A	18	24	57	124
2016-11-18	$29.00	$0.00	44.7%	12.8%	33.2%	6.6%	67.9%	9.3%	-5.8%	-1.2K	-22.3K	-196	0.75	57.03	N/A	N/A	34	26	57	124
2016-11-21	$28.25	$37.50	45.7%	13.1%	34.7%	7.5%	59.8%	6.3%	-11.3%	-159	-33.3K	-281	0.15	27.73	N/A	N/A	32	5	68	45
2016-11-22	$27.75	$37.50	44.1%	12.6%	35.4%	6.1%	50.6%	9.5%	3.9%	-203	-30.9K	-277	0.15	63.55	N/A	N/A	32	5	68	45
2016-11-23	$27.65	$37.50	42.8%	12.3%	35.4%	5.0%	0.0%	4.9%	3.2%	-383	-23.9K	-284	0.15	61.68	N/A	N/A	32	5	68	45
2016-11-25	$28.15	$37.50	56.0%	16.1%	35.8%	16.0%	63.1%	2.7%	1.4%	-110	-30.5K	-285	0.15	63.23	N/A	N/A	32	5	69	45
2016-11-28	$27.25	$37.50	61.0%	17.5%	38.0%	20.2%	50.8%	9.0%	-20.6%	-226	-21.0K	-275	0.12	56.47	N/A	N/A	32	4	69	46
2016-11-29	$27.55	$37.50	47.3%	13.5%	38.1%	8.7%	0.0%	5.5%	2.3%	-552	-24.0K	-260	1.17	59.05	N/A	N/A	32	38	69	46
2016-11-30	$27.60	$37.50	45.1%	12.9%	38.0%	7.0%	0.0%	4.5%	3.2%	-2.0K	-2.1K	-369	1.83	21.59	N/A	N/A	37	68	69	80