HLIT Options History — January 2013

In January 2013, HLIT traded between $5.00 and $5.57. ATM implied volatility averaged 36.7%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 2.7% (HV 20d: 33.9%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.15.

Notable Days

2013-01-02: Highest Volume — 412 contracts
2013-01-10: Largest IV spike — 73.7% change
2013-01-23: Highest IV Rank — 41.0%
2013-01-23: Largest Expected Move — 15.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.23	$5.00	$5.57	$5.29	$5.23
Max Pain	$4.76	$2.50	$5.00	$2.50	$5.00
ATM IV	36.7%	19.6%	53.8%	23.0%	23.9%
Expected Move	11.7%	6.6%	15.4%	6.6%	6.9%
HV 20d	33.9%	22.9%	40.8%	22.9%	37.9%
HV 60d	31.0%	28.8%	33.1%	28.8%	32.8%
IV Rank	20.3%	0.0%	41.0%	2.6%	5.3%
IV Percentile	36.2%	0.0%	85.7%	0.4%	2.0%
Term Structure	-1.7%	-9.7%	16.8%	16.8%	6.3%
VWIV	43.6%	28.7%	49.8%	28.7%	49.8%
Bid-Ask Spread %	18.36	10.08	40.83	10.08	27.64
Gamma HHI	0.98	0.94	1.00	0.98	0.98
Net GEX	10.5K	356	27.4K	4.8K	1.3K
Net DEX	-331.1K	-478.9K	-202.2K	-318.0K	-245.7K
Net VEX	-818	-1.0K	-502	-502	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.15	0.00	6.20	0.06	0.00
Total Volume	91.667	0	412	412	76
Total OI	1,623.476	1,183	1,903	1,259	1,571

Daily Data (21 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
2013-01-02	$5.29	$2.50	23.0%	6.6%	22.9%	2.6%	28.7%	0.0%	16.8%	4.8K	-318.0K	-502	0.06	10.08	N/A	N/A	388	24	885	374
2013-01-03	$5.00	$2.50	23.9%	6.9%	31.4%	3.7%	29.9%	0.0%	13.4%	14.9K	-312.3K	-734	1.38	20.85	N/A	N/A	94	130	1,204	380
2013-01-04	$5.17	$5.00	19.6%	12.5%	32.8%	0.0%	0.0%	0.0%	-5.2%	16.5K	-416.7K	-839	0.00	11.46	N/A	N/A	40	0	1,263	507
2013-01-07	$5.18	$5.00	27.0%	13.0%	32.8%	8.9%	45.3%	0.0%	-7.6%	13.5K	-395.1K	-831	0.86	11.89	N/A	N/A	44	38	1,243	507
2013-01-08	$5.10	$5.00	21.6%	12.9%	33.4%	2.4%	45.1%	0.0%	-7.7%	19.2K	-357.9K	-850	0.87	16.13	N/A	N/A	30	26	1,243	542
2013-01-09	$5.08	$5.00	25.8%	12.6%	33.2%	7.4%	0.0%	0.0%	-6.4%	16.1K	-320.6K	-853	0.00	13.50	N/A	N/A	0	0	1,213	539
2013-01-10	$5.06	$5.00	44.8%	12.8%	33.1%	30.1%	44.8%	0.0%	-5.5%	18.1K	-311.4K	-844	0.40	13.08	N/A	N/A	62	25	1,213	539
2013-01-11	$5.09	$5.00	41.2%	11.8%	33.0%	25.9%	41.2%	0.0%	-3.2%	21.3K	-342.6K	-841	0.00	13.53	N/A	N/A	74	0	1,232	564
2013-01-14	$5.09	$5.00	43.0%	12.3%	33.0%	28.1%	43.0%	0.0%	-3.3%	22.4K	-366.8K	-840	0.00	13.53	N/A	N/A	0	14	1,306	564
2013-01-15	$5.14	$5.00	45.2%	13.0%	32.9%	30.6%	46.3%	0.0%	-5.7%	19.6K	-415.3K	-797	0.14	18.27	N/A	N/A	7	1	1,306	575
2013-01-16	$5.09	$5.00	46.4%	13.3%	32.4%	32.0%	46.4%	0.0%	-7.3%	27.4K	-383.3K	-805	5.00	15.61	N/A	N/A	2	10	1,299	576
2013-01-17	$5.24	$5.00	46.5%	13.3%	33.7%	32.2%	46.5%	0.0%	-6.3%	9.6K	-463.6K	-742	0.81	12.75	N/A	N/A	21	17	1,301	586
2013-01-18	$5.23	$5.00	44.3%	12.7%	33.4%	29.6%	44.3%	0.0%	-3.9%	7.1K	-478.9K	-732	0.00	22.01	N/A	N/A	110	0	1,314	589
2013-01-22	$5.21	$5.00	49.3%	14.1%	33.4%	35.5%	49.3%	0.0%	-7.4%	1.9K	-202.2K	-735	3.10	14.81	N/A	N/A	20	62	703	480
2013-01-23	$5.44	$5.00	53.8%	15.4%	35.4%	41.0%	0.0%	0.0%	-9.7%	1.2K	-241.5K	-740	0.00	18.61	N/A	N/A	0	75	703	537
2013-01-24	$5.57	$5.00	41.8%	12.0%	36.0%	26.5%	49.4%	0.0%	8.4%	356	-261.7K	-735	0.14	16.83	N/A	N/A	248	35	703	612
2013-01-25	$5.46	$5.00	34.3%	9.8%	37.0%	17.6%	0.0%	0.0%	-7.8%	1.8K	-317.1K	-926	0.00	24.85	N/A	N/A	100	0	881	623
2013-01-28	$5.48	$5.00	41.5%	11.9%	37.0%	26.2%	0.0%	0.0%	1.8%	1.3K	-302.7K	-885	0.00	15.69	N/A	N/A	0	0	835	623
2013-01-29	$5.44	$5.00	46.1%	13.2%	37.2%	31.7%	49.8%	0.0%	0.2%	1.8K	-281.6K	-919	6.20	33.56	N/A	N/A	10	62	835	623
2013-01-30	$5.19	$5.00	27.1%	7.8%	40.8%	9.0%	0.0%	0.0%	4.0%	1.2K	-217.3K	-996	0.60	40.83	N/A	N/A	50	30	845	655
2013-01-31	$5.23	$5.00	23.9%	6.9%	37.9%	5.3%	0.0%	0.0%	6.3%	1.3K	-245.7K	-1.0K	0.00	27.64	N/A	N/A	76	0	886	685