HIVE Options History — July 2017

In July 2017, HIVE traded between $23.60 and $25.15. ATM implied volatility averaged 44.5%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 15.7% (HV 20d: 28.8%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.64.

Notable Days

2017-07-17: Highest Volume — 114 contracts
2017-07-25: Largest IV spike — 25.1% change
2017-07-31: Highest IV Rank — 24.7%
2017-07-31: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.08	$23.60	$25.15	$25.15	$23.60
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	44.5%	36.5%	60.2%	44.8%	60.2%
Expected Move	13.0%	10.5%	17.2%	12.8%	17.2%
HV 20d	28.8%	16.2%	37.6%	36.0%	16.2%
HV 60d	41.5%	35.2%	42.4%	41.9%	35.2%
IV Rank	12.5%	6.3%	24.7%	12.7%	24.7%
IV Percentile	33.7%	7.1%	74.2%	34.5%	74.2%
Term Structure	-1.8%	-12.4%	10.1%	-6.5%	-6.9%
VWIV	45.0%	36.2%	60.3%	44.7%	60.3%
Bid-Ask Spread %	54.15	24.45	102.94	59.33	36.71
Gamma HHI	0.76	0.46	0.89	0.80	0.80
Net GEX	832	-1.6K	3.4K	2.6K	-1.0K
Net DEX	1.2K	-95.8K	64.2K	-95.8K	23.5K
Net VEX	-1.1K	-1.2K	-998	-1.1K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.25	1.27	0.33	0.26
Total Volume	83.6	65	114	70	67
Total OI	310	287	343	287	306

Daily Data (20 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
2017-07-03	$25.15	$25.00	44.8%	12.8%	36.0%	12.7%	44.7%	0.0%	-6.5%	2.6K	-95.8K	-1.1K	0.33	59.33	N/A	N/A	53	17	197	90
2017-07-05	$24.70	$25.00	40.4%	11.6%	36.4%	9.3%	41.2%	0.0%	5.6%	2.9K	-84.1K	-1.1K	0.30	65.55	N/A	N/A	53	16	198	90
2017-07-06	$24.35	$25.00	40.7%	12.6%	36.7%	9.5%	43.9%	0.0%	-1.6%	2.8K	-59.0K	-1.1K	0.30	25.17	N/A	N/A	52	16	198	90
2017-07-07	$24.55	$25.00	37.5%	12.7%	36.8%	7.0%	44.4%	0.0%	1.6%	3.1K	-65.0K	-1.1K	0.30	24.45	N/A	N/A	52	16	197	90
2017-07-10	$24.50	$25.00	37.5%	11.1%	36.8%	7.0%	38.4%	0.0%	5.0%	3.4K	-61.9K	-1.0K	0.31	40.33	N/A	N/A	50	16	198	90
2017-07-11	$23.90	$25.00	42.8%	13.6%	37.6%	11.2%	47.5%	0.0%	-7.1%	3.4K	-49.1K	-998	0.37	26.15	N/A	N/A	50	19	198	90
2017-07-12	$23.95	$25.00	44.6%	12.8%	36.8%	12.6%	44.6%	0.0%	-1.2%	3.3K	-41.4K	-1.0K	1.26	29.19	N/A	N/A	50	63	198	94
2017-07-13	$23.95	$25.00	49.6%	14.2%	34.4%	16.4%	47.6%	0.0%	-12.4%	588	36.9K	-1.2K	1.26	52.50	N/A	N/A	50	63	198	144
2017-07-14	$24.05	$25.00	47.7%	13.7%	34.2%	15.0%	47.7%	0.0%	-1.7%	912	36.0K	-1.2K	1.26	54.92	N/A	N/A	50	63	198	144
2017-07-17	$24.25	$25.00	46.1%	13.2%	33.5%	13.8%	46.1%	0.0%	-2.8%	1.4K	27.4K	-1.2K	1.24	53.86	N/A	N/A	51	63	198	144
2017-07-18	$23.80	$25.00	44.7%	12.8%	32.9%	12.6%	44.9%	0.0%	-4.0%	510	54.7K	-1.2K	1.27	42.14	N/A	N/A	50	63	198	144
2017-07-19	$24.20	$25.00	47.6%	13.7%	27.1%	14.9%	47.7%	0.0%	-5.1%	1.2K	30.1K	-1.2K	1.27	55.05	N/A	N/A	50	63	199	144
2017-07-20	$23.90	$25.00	40.2%	11.5%	25.0%	9.2%	37.0%	0.0%	-2.0%	-114	32.1K	-1.2K	1.26	78.66	N/A	N/A	50	63	199	144
2017-07-21	$23.90	$25.00	43.2%	12.4%	25.0%	11.5%	43.0%	0.0%	-4.5%	-1.5K	64.2K	-1.1K	0.45	64.56	N/A	N/A	50	23	199	144
2017-07-24	$23.80	$25.00	36.5%	10.5%	19.4%	6.3%	36.2%	0.0%	4.2%	-1.4K	45.4K	-1.1K	0.27	79.10	N/A	N/A	52	14	158	132
2017-07-25	$23.75	$25.00	45.7%	13.1%	19.0%	13.4%	46.4%	0.0%	0.3%	-1.6K	51.2K	-1.1K	0.27	102.94	N/A	N/A	51	14	161	132
2017-07-26	$23.80	$25.00	49.9%	14.3%	19.0%	16.7%	49.4%	0.0%	-5.6%	-1.5K	23.3K	-1.2K	0.27	70.97	N/A	N/A	51	14	163	132
2017-07-27	$23.75	$25.00	40.2%	11.5%	16.9%	9.1%	40.4%	0.0%	10.1%	-1.3K	27.5K	-1.2K	0.25	49.95	N/A	N/A	55	14	165	132
2017-07-28	$23.70	$25.00	49.7%	14.3%	16.3%	16.6%	49.6%	0.0%	-1.8%	-1.0K	28.7K	-1.2K	0.27	71.57	N/A	N/A	51	14	172	132
2017-07-31	$23.60	$25.00	60.2%	17.2%	16.2%	24.7%	60.3%	0.0%	-6.9%	-1.0K	23.5K	-1.2K	0.26	36.71	N/A	N/A	53	14	174	132