HIVE Options History — September 2017

In September 2017, HIVE traded between $17.10 and $20.55. ATM implied volatility averaged 82.4%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 44.2% (HV 20d: 38.2%). Max pain ranged from $12.50 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.06.

Notable Days

2017-09-01: Highest Volume — 195 contracts
2017-09-11: Largest IV drop — 60.5% change
2017-09-07: Highest IV Rank — 100.0%
2017-09-01: Largest Expected Move — 37.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.95	$17.10	$20.55	$17.15	$20.50
Max Pain	$24.38	$12.50	$25.00	$12.50	$25.00
ATM IV	82.4%	45.0%	190.1%	129.2%	52.5%
Expected Move	18.1%	12.9%	37.0%	37.0%	15.1%
HV 20d	38.2%	33.3%	42.6%	35.2%	40.5%
HV 60d	87.6%	86.8%	88.7%	86.8%	88.0%
IV Rank	36.4%	10.2%	100.0%	78.4%	14.9%
IV Percentile	69.5%	34.1%	100.0%	98.0%	55.6%
Term Structure	-15.0%	-65.1%	20.6%	-65.1%	12.2%
VWIV	88.5%	69.0%	139.3%	139.3%	99.2%
Bid-Ask Spread %	50.74	15.55	102.94	78.79	19.24
Gamma HHI	0.74	0.52	0.89	0.53	0.88
Net GEX	1.7K	170	3.8K	336	3.5K
Net DEX	56.8K	-24.6K	92.7K	90.2K	5.9K
Net VEX	-520	-869	-204	-293	-778
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.06	0.55	1.46	0.55	1.38
Total Volume	141.2	115	195	195	117
Total OI	416.45	403	430	406	429

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
2017-09-01	$17.15	$12.50	129.2%	37.0%	35.2%	78.4%	139.3%	0.0%	-65.1%	336	90.2K	-293	0.55	78.79	N/A	N/A	126	69	272	134
2017-09-05	$17.10	$25.00	153.5%	22.9%	33.3%	97.4%	74.4%	0.0%	-49.9%	317	90.7K	-278	0.55	89.61	N/A	N/A	126	69	272	134
2017-09-06	$17.25	$25.00	149.5%	16.6%	33.3%	94.2%	75.3%	0.0%	-28.4%	170	92.7K	-204	0.55	30.30	N/A	N/A	126	69	272	134
2017-09-07	$18.10	$25.00	181.1%	22.8%	37.0%	100.0%	73.5%	0.0%	-24.7%	1.1K	77.7K	-455	0.90	102.94	N/A	N/A	76	69	272	134
2017-09-08	$18.45	$25.00	190.1%	20.1%	33.6%	100.0%	93.3%	0.0%	-32.7%	1.1K	68.2K	-472	0.90	28.64	N/A	N/A	76	69	270	134
2017-09-11	$17.85	$25.00	75.0%	21.5%	36.1%	28.8%	101.2%	0.0%	-39.1%	457	90.6K	-245	0.90	65.84	N/A	N/A	77	69	270	134
2017-09-12	$18.60	$25.00	71.9%	20.6%	34.1%	26.9%	88.9%	0.0%	-30.3%	953	89.3K	-278	0.88	62.38	N/A	N/A	78	69	269	134
2017-09-13	$19.85	$25.00	57.0%	16.3%	40.3%	17.7%	69.0%	0.0%	-33.0%	2.6K	-24.6K	-869	0.79	68.12	N/A	N/A	87	69	269	134
2017-09-14	$19.20	$25.00	68.4%	19.6%	42.1%	24.7%	80.1%	0.0%	-23.9%	1.6K	64.9K	-572	0.79	24.29	N/A	N/A	87	69	281	134
2017-09-15	$18.80	$25.00	52.1%	14.9%	42.6%	14.6%	95.1%	0.0%	6.8%	1.6K	66.3K	-548	0.79	29.70	N/A	N/A	87	69	280	134
2017-09-18	$18.85	$25.00	57.8%	16.6%	39.4%	18.2%	84.5%	0.0%	20.6%	1.4K	67.8K	-557	1.19	62.62	N/A	N/A	58	68	273	133
2017-09-19	$19.00	$25.00	56.3%	16.1%	39.1%	17.2%	70.6%	0.0%	-3.9%	1.8K	53.0K	-578	1.38	59.17	N/A	N/A	50	68	295	133
2017-09-20	$19.15	$25.00	45.0%	12.9%	39.1%	10.2%	94.2%	0.0%	6.4%	1.8K	49.6K	-576	1.46	59.56	N/A	N/A	47	68	297	133
2017-09-21	$19.50	$25.00	48.4%	13.9%	39.3%	12.4%	76.4%	0.0%	-4.1%	1.9K	54.2K	-562	1.39	15.55	N/A	N/A	49	68	297	133
2017-09-22	$19.45	$25.00	52.3%	15.0%	39.4%	14.7%	84.7%	0.0%	-4.5%	2.0K	60.0K	-553	1.27	55.88	N/A	N/A	54	68	294	133
2017-09-25	$19.40	$25.00	54.8%	15.7%	39.5%	16.3%	107.9%	0.0%	4.9%	2.0K	57.1K	-581	1.35	57.99	N/A	N/A	51	68	294	133
2017-09-26	$19.75	$25.00	54.7%	15.7%	39.6%	16.2%	79.9%	0.0%	-5.9%	2.0K	74.1K	-408	1.35	19.55	N/A	N/A	51	68	295	133
2017-09-27	$20.55	$25.00	47.2%	13.5%	40.2%	11.6%	84.2%	0.0%	0.0%	3.5K	14.2K	-778	1.43	62.40	N/A	N/A	48	68	295	133
2017-09-28	$20.50	$25.00	51.4%	14.7%	40.4%	14.2%	97.6%	0.0%	-5.7%	3.8K	-6.6K	-811	1.33	22.21	N/A	N/A	51	68	296	133
2017-09-29	$20.50	$25.00	52.5%	15.1%	40.5%	14.9%	99.2%	0.0%	12.2%	3.5K	5.9K	-778	1.38	19.24	N/A	N/A	49	68	296	133