HLIT Options History — October 2007

In October 2007, HLIT traded between $10.68 and $12.69. ATM implied volatility averaged 46.5%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 11.3% (HV 20d: 35.2%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.92.

Notable Days

2007-10-24: Highest Volume — 2,882 contracts
2007-10-09: Largest IV spike — 67.2% change
2007-10-19: Highest IV Rank — 59.9%
2007-10-19: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.58	$10.68	$12.69	$10.99	$12.32
Max Pain	$11.30	$10.00	$12.50	$10.00	$12.50
ATM IV	46.5%	30.8%	60.8%	36.4%	43.8%
Expected Move	14.0%	9.1%	17.4%	10.4%	12.6%
HV 20d	35.2%	32.4%	40.6%	35.7%	38.8%
HV 60d	45.0%	44.0%	45.8%	44.1%	44.2%
IV Rank	35.3%	8.2%	59.9%	17.8%	30.6%
IV Percentile	45.2%	2.6%	82.6%	7.0%	37.3%
Term Structure	2.0%	-10.7%	38.7%	27.4%	6.2%
VWIV	50.0%	24.2%	68.8%	35.4%	43.9%
Skew 25d	9.2%	-3.1%	27.6%	11.1%	1.0%
Skew 10d	14.0%	-0.7%	33.3%	10.9%	2.4%
Call IV 25d	46.1%	34.3%	56.9%	47.2%	40.2%
Put IV 25d	55.3%	39.8%	75.3%	58.3%	41.2%
Bid-Ask Spread %	19.65	11.39	34.84	14.31	22.00
Gamma HHI	0.43	0.26	0.67	0.52	0.26
Net GEX	-7.4K	-89.1K	62.2K	-43.4K	32.2K
Net DEX	-6.6M	-9.2M	-2.2M	-6.8M	-6.6M
Net VEX	-22.4K	-28.4K	-16.0K	-21.1K	-28.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.00	6.45	0.19	0.00
Total Volume	1,205.522	141	2,882	1,247	1,008
Total OI	19,500.913	14,437	24,012	20,292	18,367

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
2007-10-01	$10.99	$10.00	36.4%	10.4%	35.7%	17.8%	35.4%	11.1%	27.4%	-43.4K	-6.8M	-21.1K	0.19	14.31	N/A	N/A	1,047	200	10,997	9,295
2007-10-02	$11.20	$10.00	37.4%	10.7%	34.3%	19.6%	24.2%	14.4%	38.7%	-23.9K	-7.1M	-22.0K	0.00	26.24	N/A	N/A	321	0	11,047	9,240
2007-10-03	$10.88	$10.00	42.3%	12.1%	34.2%	27.9%	41.7%	3.3%	12.1%	-55.6K	-6.4M	-21.1K	0.77	34.84	N/A	N/A	688	533	11,042	9,240
2007-10-04	$10.68	$10.00	31.8%	9.1%	35.1%	9.8%	37.1%	3.6%	26.2%	-89.1K	-5.8M	-20.6K	1.77	25.73	N/A	N/A	632	1,119	10,958	9,012
2007-10-05	$10.74	$10.00	34.0%	15.9%	34.9%	13.7%	55.1%	-3.1%	-4.6%	-86.4K	-6.6M	-20.3K	0.00	11.39	N/A	N/A	160	0	11,458	8,630
2007-10-08	$11.20	$10.00	30.8%	16.9%	37.1%	8.2%	52.6%	9.4%	-9.9%	-8.0K	-7.7M	-20.1K	0.19	15.71	N/A	N/A	573	110	11,502	8,630
2007-10-09	$11.57	$10.00	51.5%	15.4%	34.4%	43.9%	54.0%	9.9%	-4.8%	27.3K	-8.9M	-18.8K	0.03	18.40	N/A	N/A	1,472	45	11,617	8,635
2007-10-10	$11.71	$10.00	50.1%	15.1%	32.4%	41.5%	55.7%	18.6%	-4.3%	44.5K	-9.2M	-18.3K	0.10	16.02	N/A	N/A	842	85	11,564	8,635
2007-10-11	$11.50	$10.00	56.0%	16.1%	33.5%	51.6%	56.7%	12.4%	-10.7%	23.8K	-8.5M	-19.0K	0.01	25.88	N/A	N/A	708	5	11,596	8,629
2007-10-12	$11.62	$10.00	53.6%	15.4%	33.3%	47.4%	54.1%	12.4%	-7.0%	52.2K	-9.0M	-16.7K	0.00	15.45	N/A	N/A	141	0	11,516	8,629
2007-10-15	$11.74	$10.00	54.8%	15.7%	33.2%	49.5%	54.9%	4.3%	-6.9%	62.2K	-9.1M	-16.0K	6.44	31.50	N/A	N/A	351	2,259	11,491	8,629
2007-10-16	$11.37	$12.50	56.5%	16.2%	33.3%	52.5%	56.7%	-0.5%	-7.4%	-19.3K	-7.1M	-20.3K	3.57	20.39	N/A	N/A	381	1,362	11,619	10,689
2007-10-17	$11.71	$12.50	53.8%	15.4%	33.6%	47.7%	53.6%	17.1%	-4.8%	-2.2K	-7.0M	-23.9K	0.19	19.77	N/A	N/A	729	135	11,820	11,939
2007-10-18	$11.52	$12.50	52.9%	15.2%	34.4%	46.2%	64.4%	17.7%	-5.0%	-42.4K	-6.6M	-23.1K	6.45	18.77	N/A	N/A	33	213	12,043	11,960
2007-10-19	$11.33	$12.50	60.8%	17.4%	35.2%	59.9%	68.8%	18.6%	-9.8%	-40.0K	-6.3M	-23.3K	0.36	16.46	N/A	N/A	924	331	12,062	11,950
2007-10-22	$11.62	$12.50	52.8%	15.1%	34.9%	46.1%	64.5%	27.6%	-2.4%	-36.3K	-2.2M	-24.1K	0.67	17.19	N/A	N/A	313	211	7,003	7,434
2007-10-23	$11.57	$12.50	56.4%	16.2%	34.6%	52.3%	60.8%	6.1%	-8.3%	-29.6K	-2.3M	-23.5K	0.08	16.34	N/A	N/A	1,313	100	7,236	7,292
2007-10-24	$11.93	$12.50	47.1%	13.5%	35.8%	36.2%	48.5%	14.2%	1.1%	-10.3K	-3.7M	-24.4K	0.17	27.27	N/A	N/A	2,469	413	8,042	7,356
2007-10-25	$12.09	$12.50	45.1%	12.9%	35.8%	32.8%	42.6%	0.3%	2.3%	2.5K	-4.5M	-26.6K	0.02	12.38	N/A	N/A	1,959	37	8,957	7,492
2007-10-26	$11.98	$12.50	40.7%	11.7%	36.2%	25.2%	41.9%	4.3%	4.6%	13.1K	-5.2M	-28.2K	0.02	16.03	N/A	N/A	1,195	21	10,041	7,419
2007-10-29	$12.69	$12.50	40.8%	11.7%	39.3%	25.4%	41.4%	6.6%	8.5%	20.9K	-7.0M	-27.0K	0.01	12.43	N/A	N/A	2,243	14	10,041	7,419
2007-10-30	$12.38	$12.50	40.6%	11.6%	40.6%	25.1%	40.8%	2.5%	5.4%	37.3K	-7.1M	-28.4K	0.08	17.46	N/A	N/A	952	80	10,898	7,450
2007-10-31	$12.32	$12.50	43.8%	12.6%	38.8%	30.6%	43.9%	1.0%	6.2%	32.2K	-6.6M	-28.3K	0.00	22.00	N/A	N/A	1,008	0	10,837	7,530