HIVE Options History — February 2017

In February 2017, HIVE traded between $23.75 and $27.60. ATM implied volatility averaged 48.9%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 16.4% (HV 20d: 32.5%). Max pain ranged from $25.00 to $37.50. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.79.

Notable Days

2017-02-15: Highest Volume — 217 contracts
2017-02-23: Largest IV spike — 22.5% change
2017-02-07: Highest IV Rank — 26.3%
2017-02-01: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.83	$23.75	$27.60	$27.60	$23.75
Max Pain	$26.25	$25.00	$37.50	$37.50	$25.00
ATM IV	48.9%	38.3%	63.8%	54.5%	52.1%
Expected Move	13.5%	11.0%	15.6%	15.6%	15.0%
HV 20d	32.5%	22.5%	39.0%	22.5%	39.0%
HV 60d	30.8%	29.8%	32.0%	31.5%	31.7%
IV Rank	14.5%	6.1%	26.3%	18.9%	17.1%
IV Percentile	34.6%	5.6%	77.8%	51.2%	49.2%
Term Structure	-4.8%	-25.7%	10.9%	-25.7%	-12.8%
VWIV	46.8%	37.6%	52.2%	45.2%	52.2%
Skew 25d	15.8%	10.1%	25.9%	10.1%	23.2%
Skew 10d	31.0%	19.0%	49.6%	23.2%	30.8%
Call IV 25d	43.6%	35.2%	50.9%	37.3%	48.7%
Put IV 25d	59.4%	47.4%	71.9%	47.4%	71.9%
Bid-Ask Spread %	78.23	29.37	120.27	38.91	115.28
Gamma HHI	0.95	0.87	0.99	0.87	0.99
Net GEX	2.8K	-2.5K	10.4K	-1.7K	9.4K
Net DEX	-62.3K	-249.7K	53.1K	27.0K	-136.8K
Net VEX	-609	-1.1K	-268	-268	-949
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.79	0.04	5.64	5.64	0.96
Total Volume	47.474	16	217	60	22
Total OI	153	64	271	64	268

Daily Data (19 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
2017-02-01	$27.60	$37.50	54.5%	15.6%	22.5%	18.9%	0.0%	10.1%	-25.7%	-1.7K	27.0K	-268	5.64	38.91	N/A	N/A	9	51	13	51
2017-02-02	$26.65	$0.00	62.6%	14.4%	25.2%	25.4%	0.0%	13.0%	0.6%	-1.9K	34.0K	-283	5.64	98.66	N/A	N/A	9	51	13	56
2017-02-03	$26.15	$0.00	54.3%	14.6%	25.8%	18.8%	0.0%	11.4%	-5.6%	-2.1K	43.6K	-302	5.53	32.71	N/A	N/A	9	50	13	56
2017-02-06	$25.60	$0.00	53.4%	14.0%	26.3%	18.1%	0.0%	11.1%	-2.2%	-2.1K	53.1K	-301	5.60	29.37	N/A	N/A	9	50	13	56
2017-02-07	$26.35	$0.00	63.8%	13.7%	29.0%	26.3%	0.0%	11.7%	-0.9%	-2.3K	48.0K	-302	5.60	29.82	N/A	N/A	9	50	13	57
2017-02-08	$26.00	$0.00	50.0%	14.3%	28.9%	15.4%	0.0%	12.8%	-0.4%	-2.1K	44.4K	-300	5.60	43.41	N/A	N/A	9	50	13	57
2017-02-09	$27.15	$0.00	47.1%	13.5%	33.4%	13.1%	0.0%	16.6%	-9.0%	-2.4K	37.8K	-290	5.60	108.53	N/A	N/A	9	50	13	57
2017-02-10	$26.80	$0.00	44.3%	12.7%	32.3%	10.9%	0.0%	11.0%	5.0%	-2.2K	38.5K	-290	5.60	47.37	N/A	N/A	9	50	13	57
2017-02-13	$27.00	$0.00	50.1%	14.4%	32.0%	15.4%	0.0%	13.9%	3.7%	-2.0K	37.0K	-284	0.77	45.77	N/A	N/A	9	7	13	57
2017-02-14	$27.15	$0.00	49.0%	14.0%	32.1%	14.6%	45.2%	12.4%	6.0%	-2.1K	38.4K	-281	0.83	53.53	N/A	N/A	9	8	13	57
2017-02-15	$25.85	$25.00	38.3%	11.0%	36.0%	6.1%	37.6%	25.0%	10.9%	-2.5K	45.5K	-292	0.04	116.46	N/A	N/A	210	7	14	59
2017-02-16	$25.25	$25.00	41.6%	11.9%	36.4%	8.7%	41.6%	14.1%	-5.1%	9.2K	-249.7K	-1.1K	0.49	100.08	N/A	N/A	15	7	212	59
2017-02-17	$24.90	$25.00	40.8%	11.7%	36.5%	8.1%	46.9%	17.7%	-6.1%	9.0K	-205.3K	-1.1K	0.82	105.49	N/A	N/A	15	12	211	59
2017-02-21	$24.95	$25.00	39.0%	11.2%	36.6%	6.6%	42.3%	20.1%	-4.9%	10.0K	-204.6K	-1.1K	0.76	118.78	N/A	N/A	13	10	209	56
2017-02-22	$24.65	$25.00	41.2%	11.8%	36.5%	8.4%	51.1%	15.0%	-13.2%	9.8K	-187.6K	-1.1K	0.88	120.27	N/A	N/A	11	10	209	56
2017-02-23	$24.80	$25.00	50.5%	14.5%	36.6%	15.8%	52.2%	25.9%	-12.5%	9.7K	-201.0K	-1.1K	0.88	58.02	N/A	N/A	11	10	212	56
2017-02-24	$25.05	$25.00	45.7%	13.1%	37.1%	12.0%	48.2%	17.6%	-8.2%	9.9K	-219.0K	-1.1K	0.88	120.09	N/A	N/A	11	10	212	56
2017-02-27	$25.10	$25.00	50.3%	14.4%	35.0%	15.6%	50.3%	17.1%	-10.8%	10.4K	-226.2K	-1.0K	0.88	103.77	N/A	N/A	11	10	212	56
2017-02-28	$23.75	$25.00	52.1%	15.0%	39.0%	17.1%	52.2%	23.2%	-12.8%	9.4K	-136.8K	-949	0.96	115.28	N/A	N/A	11	11	212	56