HIVE Options History — December 2017

In December 2017, HIVE traded between $25.75 and $31.30. ATM implied volatility averaged 65.8%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 32.8% (HV 20d: 33.0%). Max pain ranged from $12.50 to $37.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.67.

Notable Days

2017-12-12: Highest Volume — 350 contracts
2017-12-08: Largest IV spike — 84.7% change
2017-12-12: Highest IV Rank — 57.9%
2017-12-18: Largest Expected Move — 25.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.78	$25.75	$31.30	$26.75	$29.20
Max Pain	$28.13	$12.50	$37.50	$25.00	$37.50
ATM IV	65.8%	37.4%	122.0%	59.4%	61.7%
Expected Move	16.9%	12.2%	25.0%	17.0%	17.7%
HV 20d	33.0%	25.1%	41.7%	27.2%	41.7%
HV 60d	35.0%	32.2%	36.6%	35.5%	36.4%
IV Rank	23.1%	5.6%	57.9%	19.2%	20.6%
IV Percentile	68.0%	9.5%	96.0%	65.5%	67.5%
Term Structure	12.9%	-3.0%	46.9%	-2.1%	31.5%
VWIV	60.4%	40.4%	87.6%	62.7%	68.6%
Bid-Ask Spread %	53.44	28.99	92.64	86.69	35.44
Gamma HHI	0.61	0.48	0.85	0.80	0.49
Net GEX	12.8K	7.7K	17.8K	13.5K	17.8K
Net DEX	-734.3K	-901.4K	-572.0K	-701.1K	-780.2K
Net VEX	-2.9K	-3.8K	-2.3K	-2.5K	-3.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.08	2.08	0.45	0.31
Total Volume	116.35	49	350	162	65
Total OI	731.15	545	983	545	983

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
2017-12-01	$26.75	$25.00	59.4%	17.0%	27.2%	19.2%	62.7%	0.0%	-2.1%	13.5K	-701.1K	-2.5K	0.45	86.69	N/A	N/A	112	50	470	75
2017-12-04	$25.75	$12.50	53.9%	13.2%	32.6%	15.8%	46.3%	0.0%	5.8%	12.6K	-599.3K	-2.4K	0.30	69.74	N/A	N/A	104	31	475	75
2017-12-05	$25.75	$12.50	64.1%	14.5%	26.3%	22.1%	50.4%	0.0%	7.4%	11.6K	-584.3K	-2.5K	1.18	46.73	N/A	N/A	28	33	506	85
2017-12-06	$26.90	$12.50	43.8%	13.4%	29.2%	9.5%	46.8%	0.0%	5.1%	12.7K	-726.5K	-2.4K	2.08	92.64	N/A	N/A	16	33	509	87
2017-12-07	$27.30	$12.50	37.4%	12.4%	29.0%	5.6%	43.4%	0.0%	7.6%	13.8K	-779.3K	-2.4K	1.70	73.48	N/A	N/A	20	33	511	87
2017-12-08	$27.45	$12.50	69.1%	13.3%	28.9%	25.2%	46.7%	0.0%	7.7%	13.2K	-771.4K	-2.5K	1.63	45.65	N/A	N/A	21	34	515	88
2017-12-11	$27.75	$12.50	66.6%	12.2%	28.2%	23.6%	40.4%	0.0%	13.6%	13.7K	-825.7K	-2.4K	0.59	70.00	N/A	N/A	57	34	520	88
2017-12-12	$27.95	$12.50	122.0%	13.7%	25.1%	57.9%	42.8%	0.0%	24.1%	11.8K	-778.1K	-2.5K	0.64	56.65	N/A	N/A	214	136	523	88
2017-12-13	$29.10	$37.50	53.4%	15.3%	27.1%	15.5%	53.8%	0.0%	2.4%	12.2K	-572.0K	-2.3K	0.31	71.83	N/A	N/A	115	36	523	189
2017-12-14	$30.25	$37.50	52.3%	15.0%	28.8%	14.8%	64.1%	0.0%	16.4%	7.7K	-694.9K	-2.9K	0.28	73.11	N/A	N/A	130	36	517	190
2017-12-15	$29.70	$37.50	48.9%	14.0%	30.8%	12.7%	48.3%	0.0%	1.0%	11.5K	-648.3K	-2.5K	0.90	57.26	N/A	N/A	39	35	583	190
2017-12-18	$31.30	$37.50	87.4%	25.0%	33.7%	36.5%	87.6%	0.0%	-3.0%	8.5K	-851.3K	-3.3K	0.25	43.14	N/A	N/A	169	42	554	150
2017-12-19	$30.70	$37.50	80.0%	22.9%	35.4%	31.9%	84.0%	0.0%	10.3%	12.3K	-774.7K	-3.4K	0.45	32.79	N/A	N/A	96	43	648	167
2017-12-20	$30.05	$37.50	82.8%	23.7%	37.2%	33.6%	83.8%	0.0%	7.3%	11.4K	-828.0K	-3.8K	1.27	28.99	N/A	N/A	36	45	654	170
2017-12-21	$30.75	$37.50	62.0%	17.8%	37.5%	20.7%	72.7%	0.0%	38.0%	11.6K	-901.4K	-3.8K	0.26	31.27	N/A	N/A	102	26	652	173
2017-12-22	$29.70	$37.50	72.0%	20.6%	40.5%	27.0%	72.2%	0.0%	10.6%	13.4K	-693.6K	-3.1K	0.28	54.95	N/A	N/A	90	25	675	174
2017-12-26	$29.65	$37.50	70.5%	20.2%	40.3%	26.0%	70.5%	0.0%	16.1%	14.7K	-700.6K	-3.1K	0.13	33.16	N/A	N/A	66	8	713	176
2017-12-27	$29.60	$37.50	72.2%	20.7%	40.4%	27.1%	71.2%	0.0%	11.7%	14.5K	-683.4K	-3.1K	0.08	33.16	N/A	N/A	103	8	705	176
2017-12-28	$29.95	$37.50	55.5%	15.9%	40.3%	16.8%	51.3%	0.0%	46.9%	17.2K	-792.0K	-3.4K	0.31	32.05	N/A	N/A	43	13	783	176
2017-12-29	$29.20	$37.50	61.7%	17.7%	41.7%	20.6%	68.6%	0.0%	31.5%	17.8K	-780.2K	-3.4K	0.31	35.44	N/A	N/A	50	15	803	180