HLIT Options History — January 2010

In January 2010, HLIT traded between $5.96 and $6.67. ATM implied volatility averaged 46.9%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 9.7% (HV 20d: 37.1%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.10.

Notable Days

2010-01-04: Highest Volume — 289 contracts
2010-01-14: Largest IV drop — 41.6% change
2010-01-13: Highest IV Rank — 100.0%
2010-01-08: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.36	$5.96	$6.67	$6.56	$6.07
Max Pain	$6.18	$5.00	$7.50	$7.50	$5.00
ATM IV	46.9%	29.8%	82.9%	41.1%	39.6%
Expected Move	12.3%	8.6%	15.0%	12.9%	11.4%
HV 20d	37.1%	28.2%	43.9%	43.9%	30.5%
HV 60d	44.1%	38.3%	45.6%	45.6%	38.7%
IV Rank	32.1%	4.9%	100.0%	19.0%	22.5%
IV Percentile	33.7%	0.8%	100.0%	16.7%	16.3%
Term Structure	-2.0%	-14.3%	18.6%	-0.7%	-8.0%
VWIV	45.2%	37.4%	52.6%	44.4%	37.4%
Skew 25d	2.2%	-13.5%	13.2%	9.4%	5.1%
Skew 10d	12.7%	-9.1%	28.0%	21.3%	17.5%
Call IV 25d	42.4%	28.5%	48.1%	41.1%	46.7%
Put IV 25d	44.6%	30.7%	54.0%	50.6%	51.8%
Bid-Ask Spread %	19.03	10.32	32.43	31.94	10.64
Gamma HHI	0.52	0.48	0.57	0.53	0.55
Net GEX	18.9K	15.9K	27.1K	27.1K	18.2K
Net DEX	-2.0M	-3.0M	-941.2K	-3.0M	-994.8K
Net VEX	-2.8K	-3.1K	-2.6K	-2.9K	-2.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	1.00	0.00	0.00
Total Volume	53.368	0	289	289	25
Total OI	6,846.263	3,257	10,062	9,916	3,403

Daily Data (19 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
2010-01-04	$6.56	$7.50	41.1%	12.9%	43.9%	19.0%	44.4%	9.4%	-0.7%	27.1K	-3.0M	-2.9K	0.00	31.94	N/A	N/A	289	0	9,045	871
2010-01-05	$6.50	$7.50	44.0%	13.5%	41.2%	23.0%	47.2%	11.3%	-1.4%	25.2K	-3.0M	-3.0K	0.00	32.43	N/A	N/A	0	1	9,136	871
2010-01-06	$6.44	$7.50	51.4%	14.8%	41.0%	33.0%	0.0%	7.8%	-6.2%	26.6K	-2.9M	-3.1K	0.00	22.63	N/A	N/A	64	0	9,136	872
2010-01-07	$6.40	$7.50	56.4%	14.5%	40.9%	39.9%	0.0%	4.9%	-5.1%	24.9K	-2.9M	-3.0K	0.00	17.26	N/A	N/A	44	0	9,121	872
2010-01-08	$6.51	$7.50	52.1%	15.0%	39.3%	34.1%	52.6%	8.2%	-7.8%	16.9K	-2.9M	-2.8K	0.50	21.76	N/A	N/A	20	10	9,165	872
2010-01-11	$6.51	$7.50	65.9%	14.4%	39.3%	52.9%	0.0%	11.0%	-3.9%	16.1K	-3.0M	-2.8K	0.00	31.54	N/A	N/A	5	0	9,185	872
2010-01-12	$6.48	$7.50	71.2%	13.6%	39.1%	79.1%	47.6%	9.8%	-0.6%	16.2K	-2.9M	-2.8K	0.02	26.92	N/A	N/A	65	1	9,190	872
2010-01-13	$6.57	$7.50	82.9%	12.9%	38.3%	100.0%	0.0%	13.2%	0.9%	16.0K	-3.0M	-2.9K	0.00	28.51	N/A	N/A	105	0	9,169	873
2010-01-14	$6.67	$7.50	48.4%	13.9%	35.9%	38.2%	41.9%	0.0%	-2.4%	15.9K	-3.0M	-2.8K	0.00	20.99	N/A	N/A	144	0	9,064	873
2010-01-15	$6.40	$5.00	44.9%	12.9%	39.3%	31.8%	37.4%	4.4%	-6.0%	16.1K	-2.8M	-2.7K	0.00	29.35	N/A	N/A	85	0	8,997	858
2010-01-19	$6.49	$5.00	29.8%	8.6%	38.8%	4.9%	0.0%	-7.5%	18.6%	17.3K	-1.2M	-2.6K	0.00	10.56	N/A	N/A	65	0	2,965	292
2010-01-20	$6.34	$5.00	31.1%	8.9%	40.1%	7.2%	0.0%	-10.5%	16.0%	17.2K	-1.1M	-2.7K	0.00	10.77	N/A	N/A	0	0	3,031	292
2010-01-21	$6.39	$5.00	30.6%	8.8%	39.6%	6.4%	0.0%	3.3%	14.8%	17.0K	-1.2M	-2.7K	0.00	12.47	N/A	N/A	40	0	3,031	292
2010-01-22	$6.19	$5.00	38.7%	11.1%	41.6%	20.8%	0.0%	-13.5%	-7.0%	17.4K	-1.1M	-2.7K	0.00	10.54	N/A	N/A	0	0	3,069	292
2010-01-25	$6.14	$5.00	39.9%	11.4%	30.6%	22.9%	0.0%	-12.1%	-8.1%	17.6K	-1.0M	-2.6K	1.00	10.32	N/A	N/A	1	1	3,069	292
2010-01-26	$6.16	$5.00	43.1%	12.3%	28.6%	28.6%	0.0%	-12.2%	-14.3%	17.6K	-1.0M	-2.6K	0.00	10.90	N/A	N/A	24	0	3,070	293
2010-01-27	$6.13	$5.00	42.0%	12.0%	28.2%	26.7%	0.0%	5.3%	-9.6%	18.1K	-1.0M	-2.6K	0.00	10.93	N/A	N/A	0	0	3,094	293
2010-01-28	$5.96	$5.00	37.2%	10.7%	29.7%	18.1%	0.0%	2.1%	-7.5%	17.8K	-941.2K	-2.7K	0.00	11.10	N/A	N/A	25	0	3,094	293
2010-01-29	$6.07	$5.00	39.6%	11.4%	30.5%	22.5%	0.0%	5.1%	-8.0%	18.2K	-994.8K	-2.7K	0.00	10.64	N/A	N/A	25	0	3,110	293