HIVE Options History — December 2016

In December 2016, HIVE traded between $25.75 and $29.65. ATM implied volatility averaged 50.7%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 15.9% (HV 20d: 34.8%). 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 12 of 21 days. Put/call ratio averaged 1.02.

Notable Days

2016-12-06: Highest Volume — 174 contracts
2016-12-14: Largest IV drop — 65.6% change
2016-12-13: Highest IV Rank — 58.8%
2016-12-01: Largest Expected Move — 19.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.01	$25.75	$29.65	$27.15	$28.35
Max Pain	$26.19	$25.00	$37.50	$37.50	$25.00
ATM IV	50.7%	30.6%	107.3%	68.3%	40.6%
Expected Move	11.6%	8.8%	19.6%	19.6%	11.6%
HV 20d	34.8%	30.6%	39.7%	38.5%	32.2%
HV 60d	32.7%	31.2%	33.7%	32.4%	31.2%
IV Rank	14.1%	0.0%	58.8%	26.3%	7.9%
IV Percentile	30.5%	0.0%	98.4%	82.5%	4.8%
Term Structure	0.8%	-25.9%	20.0%	-25.9%	-1.3%
VWIV	39.0%	29.2%	50.1%	50.1%	38.6%
Skew 25d	6.9%	-6.0%	16.3%	7.8%	16.3%
Skew 10d	15.9%	1.4%	26.2%	25.2%	25.5%
Call IV 25d	43.4%	33.8%	52.3%	47.5%	33.8%
Put IV 25d	50.3%	32.1%	56.7%	55.3%	50.2%
Bid-Ask Spread %	39.52	15.66	104.06	88.26	32.32
Gamma HHI	0.98	0.94	0.99	0.95	0.98
Net GEX	-16.0K	-36.1K	-6.1K	-6.1K	-15.1K
Net DEX	66.1K	-42.8K	311.9K	31.5K	20.5K
Net VEX	-665	-1.5K	-278	-598	-443
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.27	3.57	0.70	0.48
Total Volume	66.81	33	174	63	34
Total OI	457.429	219	503	219	494

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
2016-12-01	$27.15	$37.50	68.3%	19.6%	38.5%	26.3%	50.1%	7.8%	-25.9%	-6.1K	31.5K	-598	0.70	88.26	N/A	N/A	37	26	74	145
2016-12-02	$26.45	$37.50	47.6%	13.6%	39.7%	9.0%	0.0%	0.5%	-10.2%	-7.0K	63.8K	-674	3.57	78.32	N/A	N/A	37	133	74	163
2016-12-05	$26.15	$25.00	47.5%	12.1%	36.5%	9.0%	42.3%	12.2%	9.9%	-14.1K	147.0K	-968	0.79	31.43	N/A	N/A	37	29	74	261
2016-12-06	$25.75	$25.00	59.1%	10.9%	35.1%	18.6%	37.9%	10.2%	7.2%	-21.4K	278.3K	-1.2K	3.37	33.09	N/A	N/A	40	134	74	304
2016-12-07	$26.15	$25.00	56.6%	11.7%	35.5%	16.5%	41.0%	12.9%	4.1%	-26.9K	308.4K	-1.5K	3.55	36.64	N/A	N/A	38	134	74	429
2016-12-08	$26.95	$25.00	68.7%	13.1%	35.3%	26.6%	49.9%	12.4%	5.5%	-25.2K	311.9K	-1.5K	3.55	104.06	N/A	N/A	38	134	69	429
2016-12-09	$28.25	$25.00	61.2%	11.6%	38.6%	20.4%	38.4%	15.1%	10.4%	-36.1K	-16.8K	-378	0.27	45.29	N/A	N/A	38	10	69	429
2016-12-12	$28.05	$25.00	90.5%	9.6%	36.1%	44.7%	38.4%	4.0%	14.2%	-20.9K	70.2K	-799	0.27	28.54	N/A	N/A	38	10	69	429
2016-12-13	$28.35	$25.00	107.3%	9.3%	35.7%	58.8%	35.5%	6.8%	17.8%	-17.4K	37.4K	-702	0.27	25.56	N/A	N/A	38	10	69	429
2016-12-14	$28.45	$25.00	37.0%	10.6%	35.6%	0.2%	35.3%	0.0%	2.1%	-17.6K	46.9K	-702	0.27	63.29	N/A	N/A	38	10	69	429
2016-12-15	$28.90	$25.00	30.6%	8.8%	34.9%	0.0%	29.2%	14.3%	20.0%	-10.4K	-14.6K	-418	0.27	23.53	N/A	N/A	38	10	69	429
2016-12-16	$29.25	$25.00	38.6%	11.1%	35.1%	6.4%	40.8%	3.2%	-5.2%	-11.9K	4.3K	-547	0.41	27.75	N/A	N/A	25	10	69	429
2016-12-19	$29.65	$25.00	35.4%	10.2%	32.4%	3.8%	34.6%	3.9%	11.7%	-6.3K	-42.8K	-278	0.38	23.12	N/A	N/A	24	9	69	427
2016-12-20	$28.55	$25.00	32.4%	9.3%	34.0%	1.4%	36.0%	-6.0%	6.3%	-13.3K	-7.7K	-453	0.37	20.82	N/A	N/A	30	11	70	427
2016-12-21	$28.80	$25.00	34.0%	9.7%	33.4%	2.7%	32.8%	2.3%	-5.4%	-11.8K	7.5K	-390	0.51	17.53	N/A	N/A	22	11	63	429
2016-12-22	$28.65	$25.00	35.7%	10.2%	33.4%	4.0%	35.5%	6.1%	4.1%	-13.1K	13.2K	-435	0.48	15.66	N/A	N/A	23	11	64	429
2016-12-23	$28.80	$25.00	32.5%	9.3%	32.9%	1.5%	32.0%	0.6%	-1.0%	-9.8K	-9.9K	-345	0.48	18.31	N/A	N/A	23	11	65	429
2016-12-27	$29.15	$25.00	49.3%	14.1%	30.6%	14.8%	45.6%	5.8%	-19.2%	-12.8K	21.5K	-475	0.48	28.32	N/A	N/A	23	11	65	429
2016-12-28	$28.25	$25.00	42.0%	12.0%	32.8%	9.0%	39.2%	4.9%	-10.6%	-17.9K	43.0K	-514	0.48	25.61	N/A	N/A	23	11	65	429
2016-12-29	$28.15	$25.00	49.5%	14.2%	32.8%	14.9%	47.8%	4.4%	-18.3%	-20.3K	73.8K	-627	0.48	62.41	N/A	N/A	23	11	65	429
2016-12-30	$28.35	$25.00	40.6%	11.6%	32.2%	7.9%	38.6%	16.3%	-1.3%	-15.1K	20.5K	-443	0.48	32.32	N/A	N/A	23	11	65	429