HLIT Options History — March 2013

In March 2013, HLIT traded between $5.59 and $5.87. ATM implied volatility averaged 45.4%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 23.3% (HV 20d: 22.1%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.61.

Notable Days

2013-03-08: Highest Volume — 132 contracts
2013-03-14: Largest IV drop — 73.2% change
2013-03-13: Highest IV Rank — 98.1%
2013-03-01: Largest Expected Move — 10.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.76	$5.59	$5.87	$5.60	$5.79
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	45.4%	27.2%	101.7%	36.5%	34.8%
Expected Move	8.8%	7.3%	10.5%	10.5%	10.0%
HV 20d	22.1%	16.3%	25.3%	25.3%	16.3%
HV 60d	29.0%	28.6%	29.2%	29.2%	28.6%
IV Rank	30.9%	9.1%	98.1%	20.3%	18.2%
IV Percentile	44.8%	5.2%	99.6%	32.1%	25.8%
Term Structure	2.6%	-7.5%	11.3%	-1.4%	-7.5%
VWIV	35.4%	28.4%	41.3%	36.5%	28.4%
Bid-Ask Spread %	19.17	11.94	28.95	21.29	18.26
Gamma HHI	0.67	0.50	1.00	0.99	0.50
Net GEX	4.2K	2.8K	6.7K	6.7K	3.9K
Net DEX	-535.7K	-703.2K	-374.9K	-594.6K	-407.5K
Net VEX	-667	-770	-453	-660	-755
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.00	4.43	0.00	0.00
Total Volume	24.75	0	132	2	0
Total OI	1,699.8	1,373	2,029	1,823	1,495

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
2013-03-01	$5.60	$5.00	36.5%	10.5%	25.3%	20.3%	36.5%	0.0%	-1.4%	6.7K	-594.6K	-660	0.00	21.29	N/A	N/A	2	0	1,293	530
2013-03-04	$5.59	$5.00	41.3%	9.3%	24.5%	26.0%	0.0%	0.0%	10.9%	6.6K	-576.1K	-709	0.00	16.68	N/A	N/A	0	0	1,293	530
2013-03-05	$5.70	$5.00	50.7%	7.7%	24.8%	37.2%	0.0%	0.0%	7.5%	5.0K	-628.4K	-548	0.50	23.06	N/A	N/A	10	5	1,293	530
2013-03-06	$5.72	$5.00	52.1%	9.2%	24.6%	38.9%	41.3%	0.0%	-4.5%	5.4K	-603.9K	-669	0.20	18.68	N/A	N/A	20	4	1,293	530
2013-03-07	$5.78	$5.00	50.7%	7.3%	24.6%	37.3%	0.0%	0.0%	11.3%	3.2K	-655.2K	-453	0.00	12.95	N/A	N/A	110	0	1,293	534
2013-03-08	$5.82	$5.00	67.4%	8.3%	24.6%	57.2%	0.0%	0.0%	4.3%	4.7K	-669.5K	-625	0.32	16.58	N/A	N/A	100	32	1,403	534
2013-03-11	$5.82	$5.00	70.8%	8.0%	24.6%	61.2%	0.0%	0.0%	10.0%	4.4K	-687.3K	-696	0.00	14.75	N/A	N/A	50	0	1,503	526
2013-03-12	$5.78	$5.00	91.6%	7.7%	24.4%	86.1%	0.0%	0.0%	10.4%	5.4K	-675.8K	-709	0.00	16.86	N/A	N/A	0	0	1,503	526
2013-03-13	$5.82	$5.00	101.7%	8.2%	24.5%	98.1%	0.0%	0.0%	5.3%	3.3K	-693.6K	-659	0.00	18.85	N/A	N/A	0	0	1,503	526
2013-03-14	$5.87	$5.00	27.2%	7.8%	24.5%	9.1%	28.4%	0.0%	9.5%	2.8K	-703.2K	-640	4.43	13.67	N/A	N/A	7	31	1,493	526
2013-03-15	$5.78	$5.00	30.5%	8.8%	21.4%	13.1%	0.0%	0.0%	4.3%	3.8K	-675.5K	-683	0.00	24.00	N/A	N/A	0	0	1,486	500
2013-03-18	$5.83	$5.00	27.5%	7.9%	21.5%	9.4%	0.0%	0.0%	1.3%	2.9K	-397.2K	-607	0.00	20.22	N/A	N/A	0	0	984	390
2013-03-19	$5.74	$5.00	28.5%	8.2%	21.4%	10.7%	0.0%	0.0%	2.9%	3.5K	-383.4K	-657	0.00	16.21	N/A	N/A	0	0	984	390
2013-03-20	$5.82	$5.00	34.3%	9.8%	20.8%	17.6%	0.0%	0.0%	-3.6%	3.6K	-388.9K	-661	0.00	28.95	N/A	N/A	2	0	984	390
2013-03-21	$5.73	$5.00	34.9%	10.0%	20.9%	18.3%	0.0%	0.0%	-4.8%	4.2K	-374.9K	-692	0.00	21.76	N/A	N/A	0	0	983	390
2013-03-22	$5.77	$5.00	28.7%	8.2%	20.3%	11.0%	0.0%	0.0%	0.1%	3.2K	-387.0K	-617	0.00	11.94	N/A	N/A	122	0	983	390
2013-03-25	$5.77	$5.00	30.3%	8.7%	17.9%	12.9%	0.0%	0.0%	3.0%	3.9K	-408.4K	-766	0.00	16.37	N/A	N/A	0	0	1,105	390
2013-03-26	$5.77	$5.00	34.1%	9.8%	17.8%	17.4%	0.0%	0.0%	-3.6%	4.2K	-402.7K	-770	0.00	24.13	N/A	N/A	0	0	1,105	390
2013-03-27	$5.77	$5.00	34.8%	10.0%	16.8%	18.2%	0.0%	0.0%	-4.0%	4.2K	-401.5K	-764	0.00	28.13	N/A	N/A	0	0	1,105	390
2013-03-28	$5.79	$5.00	34.8%	10.0%	16.3%	18.2%	0.0%	0.0%	-7.5%	3.9K	-407.5K	-755	0.00	18.26	N/A	N/A	0	0	1,105	390