HLIT Options History — June 2013

In June 2013, HLIT traded between $6.11 and $6.35. ATM implied volatility averaged 41.2%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 21.0% (HV 20d: 20.2%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.17.

Notable Days

2013-06-26: Highest Volume — 127 contracts
2013-06-13: Largest IV drop — 48.1% change
2013-06-11: Highest IV Rank — 52.6%
2013-06-05: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.22	$6.11	$6.35	$6.19	$6.35
Max Pain	$5.50	$5.00	$7.50	$7.50	$5.00
ATM IV	41.2%	30.0%	63.5%	43.5%	33.9%
Expected Move	10.5%	8.6%	13.3%	12.5%	9.7%
HV 20d	20.2%	17.0%	22.8%	17.9%	21.0%
HV 60d	30.4%	29.9%	31.0%	29.9%	30.2%
IV Rank	25.9%	12.5%	52.6%	28.6%	17.1%
IV Percentile	49.9%	11.9%	92.9%	61.1%	23.0%
Term Structure	-3.8%	-20.9%	12.9%	-14.6%	-4.9%
VWIV	28.8%	28.8%	28.8%	28.8%	28.8%
Skew 25d	3.5%	-0.9%	8.7%	0.9%	-0.9%
Skew 10d	3.3%	1.3%	7.4%	2.2%	1.7%
Call IV 25d	25.0%	23.0%	26.5%	26.2%	26.5%
Put IV 25d	28.5%	25.6%	32.7%	27.0%	25.6%
Bid-Ask Spread %	12.09	7.09	18.44	13.89	18.44
Gamma HHI	0.90	0.76	0.98	0.85	0.95
Net GEX	2.8K	-3.9K	6.4K	679	6.4K
Net DEX	349.6K	-220.5K	551.5K	543.7K	-210.3K
Net VEX	-811	-1.1K	-725	-786	-803
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	1.33	0.00	0.00
Total Volume	14.8	0	127	4	4
Total OI	2,187.4	1,151	2,559	2,479	1,274

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
2013-06-03	$6.19	$7.50	43.5%	12.5%	17.9%	28.6%	0.0%	0.0%	-14.6%	679	543.7K	-786	0.00	13.89	N/A	N/A	4	0	1,032	1,447
2013-06-04	$6.16	$7.50	46.1%	13.2%	17.0%	31.7%	0.0%	0.0%	-15.7%	2.3K	547.2K	-809	0.00	12.32	N/A	N/A	0	0	1,033	1,447
2013-06-05	$6.11	$7.50	46.3%	13.3%	17.3%	31.9%	0.0%	0.0%	-20.9%	2.4K	547.9K	-740	1.33	8.80	N/A	N/A	3	4	1,033	1,447
2013-06-06	$6.20	$7.50	41.5%	11.9%	17.4%	26.2%	0.0%	0.0%	-16.5%	2.6K	551.5K	-867	0.00	12.29	N/A	N/A	0	0	1,036	1,443
2013-06-07	$6.35	$5.00	46.9%	9.2%	18.7%	32.7%	0.0%	0.0%	10.9%	-3.9K	473.8K	-1.1K	0.00	11.14	N/A	N/A	0	0	1,036	1,443
2013-06-10	$6.26	$5.00	49.3%	9.0%	19.7%	35.5%	0.0%	0.0%	7.6%	-1.1K	519.0K	-863	0.00	16.65	N/A	N/A	0	0	1,036	1,443
2013-06-11	$6.18	$5.00	63.5%	8.8%	20.3%	52.6%	0.0%	0.0%	9.1%	997	538.1K	-725	0.00	11.00	N/A	N/A	0	0	1,036	1,443
2013-06-12	$6.17	$5.00	61.1%	9.0%	20.2%	49.7%	0.0%	0.0%	-8.2%	940	539.2K	-763	0.00	12.30	N/A	N/A	100	0	1,036	1,443
2013-06-13	$6.24	$5.00	31.7%	9.1%	19.8%	14.5%	0.0%	0.0%	-7.2%	879	523.4K	-871	0.00	15.76	N/A	N/A	0	0	1,109	1,443
2013-06-14	$6.13	$5.00	33.7%	9.7%	20.5%	16.9%	0.0%	0.0%	-1.7%	2.3K	526.1K	-830	0.00	16.57	N/A	N/A	0	0	1,109	1,443
2013-06-17	$6.24	$5.00	33.6%	9.6%	20.2%	16.8%	0.0%	0.0%	5.6%	4.5K	538.4K	-799	0.00	10.51	N/A	N/A	0	0	1,109	1,443
2013-06-18	$6.34	$5.00	30.0%	8.6%	20.8%	12.5%	0.0%	0.0%	12.9%	5.0K	536.7K	-849	0.00	16.60	N/A	N/A	0	1	1,109	1,443
2013-06-19	$6.25	$5.00	37.8%	10.8%	21.6%	21.8%	0.0%	0.0%	2.3%	4.7K	539.6K	-795	0.00	9.60	N/A	N/A	0	0	1,109	1,443
2013-06-20	$6.16	$5.00	36.2%	10.4%	22.3%	19.9%	0.0%	0.0%	4.4%	4.3K	539.2K	-759	0.00	8.53	N/A	N/A	9	0	1,107	1,443
2013-06-21	$6.22	$5.00	37.2%	10.7%	22.5%	21.1%	0.0%	0.0%	1.1%	4.6K	543.2K	-751	0.00	9.66	N/A	N/A	0	0	1,116	1,443
2013-06-24	$6.16	$5.00	42.2%	12.1%	22.8%	27.1%	0.0%	0.9%	-13.8%	4.5K	-190.9K	-754	0.00	12.49	N/A	N/A	0	0	897	254
2013-06-25	$6.20	$5.00	41.2%	11.8%	21.1%	25.9%	0.0%	4.1%	-12.9%	4.5K	-191.8K	-745	0.00	9.66	N/A	N/A	20	0	897	254
2013-06-26	$6.20	$5.00	38.0%	10.9%	21.1%	22.0%	0.0%	4.7%	-8.9%	4.5K	-201.9K	-758	0.00	8.45	N/A	N/A	127	0	917	254
2013-06-27	$6.28	$5.00	30.6%	8.8%	21.0%	13.2%	28.8%	8.7%	-4.8%	5.8K	-220.5K	-839	0.00	7.09	N/A	N/A	24	0	1,044	254
2013-06-28	$6.35	$5.00	33.9%	9.7%	21.0%	17.1%	0.0%	-0.9%	-4.9%	6.4K	-210.3K	-803	0.00	18.44	N/A	N/A	4	0	1,020	254