HIVE Options History — March 2017

In March 2017, HIVE traded between $20.75 and $23.30. ATM implied volatility averaged 61.3%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 26.4% (HV 20d: 34.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.35.

Notable Days

2017-03-31: Highest Volume — 73 contracts
2017-03-15: Largest IV drop — 75.2% change
2017-03-14: Highest IV Rank — 98.5%
2017-03-02: Largest Expected Move — 19.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.61	$20.75	$23.30	$23.30	$21.25
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	61.3%	30.4%	155.0%	55.8%	54.5%
Expected Move	12.4%	8.1%	19.9%	16.0%	15.6%
HV 20d	34.9%	25.9%	41.2%	38.7%	25.9%
HV 60d	31.5%	30.4%	33.4%	31.8%	30.4%
IV Rank	24.3%	0.0%	98.5%	20.0%	19.0%
IV Percentile	50.2%	0.0%	99.6%	60.3%	57.1%
Term Structure	0.5%	-29.7%	22.4%	-16.6%	13.2%
VWIV	41.6%	28.5%	67.8%	56.1%	46.1%
Skew 25d	28.2%	-0.8%	47.2%	22.8%	45.1%
Skew 10d	29.1%	9.8%	68.5%	30.0%	31.5%
Call IV 25d	45.4%	34.6%	67.2%	48.0%	45.1%
Put IV 25d	73.6%	56.9%	90.2%	70.8%	90.1%
Bid-Ask Spread %	58.01	14.23	115.79	114.15	19.45
Gamma HHI	0.99	0.98	0.99	0.99	0.99
Net GEX	6.0K	4.1K	9.2K	9.2K	6.3K
Net DEX	-6.8K	-125.2K	83.0K	-119.4K	-45.0K
Net VEX	-649	-928	-500	-928	-515
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.35	0.15	2.85	1.21	0.15
Total Volume	32.783	21	73	27	73
Total OI	280.609	258	302	269	260

Daily Data (23 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
2017-03-01	$23.30	$25.00	55.8%	16.0%	38.7%	20.0%	56.1%	22.8%	-16.6%	9.2K	-119.4K	-928	1.21	114.15	N/A	N/A	12	15	212	57
2017-03-02	$22.25	$25.00	69.6%	19.9%	39.6%	30.9%	67.8%	13.9%	-23.8%	6.1K	-125.2K	-913	1.21	115.79	N/A	N/A	12	15	217	64
2017-03-03	$22.15	$25.00	64.2%	18.4%	38.6%	26.6%	63.8%	14.7%	-14.8%	6.3K	-55.4K	-773	1.21	106.43	N/A	N/A	12	15	217	56
2017-03-06	$21.55	$25.00	58.9%	11.5%	39.0%	22.4%	37.5%	7.3%	-3.7%	5.8K	-19.2K	-645	2.85	50.30	N/A	N/A	12	35	217	56
2017-03-07	$22.20	$25.00	66.8%	9.7%	41.2%	28.7%	34.5%	43.6%	10.3%	7.0K	10.6K	-786	2.64	111.67	N/A	N/A	13	35	217	76
2017-03-08	$22.30	$25.00	80.7%	11.7%	39.2%	39.7%	38.1%	24.9%	-7.0%	6.5K	-25.6K	-882	2.64	110.63	N/A	N/A	13	35	218	76
2017-03-09	$21.85	$25.00	88.1%	11.4%	39.4%	45.6%	35.7%	23.3%	-12.5%	5.9K	188	-815	1.73	109.69	N/A	N/A	13	23	218	76
2017-03-10	$21.55	$25.00	97.6%	9.4%	34.3%	53.1%	33.0%	39.4%	10.6%	5.4K	52.0K	-692	1.73	100.23	N/A	N/A	13	23	218	80
2017-03-13	$21.50	$25.00	120.8%	8.1%	34.4%	71.5%	28.5%	45.2%	11.4%	4.8K	83.0K	-531	1.50	71.20	N/A	N/A	15	23	218	80
2017-03-14	$20.75	$25.00	155.0%	11.9%	34.8%	98.5%	40.8%	18.5%	3.5%	4.1K	44.3K	-645	1.04	20.39	N/A	N/A	15	16	220	80
2017-03-15	$21.20	$25.00	38.4%	11.0%	36.3%	6.2%	35.7%	30.1%	10.2%	4.8K	49.5K	-646	1.04	89.08	N/A	N/A	15	16	220	82
2017-03-16	$21.30	$25.00	36.8%	10.5%	34.1%	4.9%	34.6%	30.0%	8.3%	4.9K	54.6K	-647	1.04	20.32	N/A	N/A	15	16	220	82
2017-03-17	$21.55	$25.00	33.1%	9.5%	34.5%	2.0%	31.8%	25.6%	8.6%	5.3K	65.0K	-600	1.03	20.29	N/A	N/A	15	16	220	82
2017-03-20	$21.45	$25.00	33.9%	9.7%	34.4%	2.6%	33.2%	27.8%	18.9%	5.0K	67.5K	-586	1.00	15.50	N/A	N/A	15	15	221	81
2017-03-21	$21.55	$25.00	37.9%	10.9%	34.5%	5.8%	38.2%	34.1%	22.4%	6.2K	10.0K	-593	1.19	16.27	N/A	N/A	12	15	221	61
2017-03-22	$21.70	$25.00	30.4%	8.7%	34.8%	0.0%	31.0%	31.9%	-4.4%	6.1K	38.3K	-515	1.05	14.23	N/A	N/A	12	13	221	61
2017-03-23	$21.40	$25.00	42.5%	12.2%	34.6%	9.5%	59.1%	-0.8%	-29.7%	6.7K	-46.0K	-580	1.18	50.57	N/A	N/A	11	13	221	37
2017-03-24	$21.25	$25.00	44.2%	12.7%	34.0%	10.9%	39.0%	35.4%	14.7%	6.3K	-36.6K	-535	1.20	20.47	N/A	N/A	11	13	221	37
2017-03-27	$21.50	$25.00	41.9%	12.0%	34.5%	9.0%	38.1%	0.0%	-6.4%	6.9K	-30.6K	-524	1.20	24.34	N/A	N/A	11	13	221	37
2017-03-28	$21.15	$25.00	50.5%	14.5%	29.9%	15.9%	43.4%	0.0%	13.7%	6.1K	-40.0K	-538	1.20	27.29	N/A	N/A	11	13	221	37
2017-03-29	$21.00	$25.00	50.9%	14.6%	29.5%	16.2%	44.9%	33.2%	-8.3%	5.9K	-33.5K	-500	1.20	26.93	N/A	N/A	11	13	221	37
2017-03-30	$21.30	$25.00	56.5%	16.2%	25.9%	20.6%	46.0%	47.2%	-8.2%	6.3K	-55.7K	-548	0.87	79.03	N/A	N/A	11	10	222	37
2017-03-31	$21.25	$25.00	54.5%	15.6%	25.9%	19.0%	46.1%	45.1%	13.2%	6.3K	-45.0K	-515	0.15	19.45	N/A	N/A	63	10	222	38