HLIT Options History — November 2013

In November 2013, HLIT traded between $7.18 and $7.70. ATM implied volatility averaged 26.9%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 0.4% (HV 20d: 26.6%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.10.

Notable Days

2013-11-29: Highest Volume — 104 contracts
2013-11-05: Largest IV drop — 26.7% change
2013-11-15: Highest IV Rank — 21.2%
2013-11-04: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.38	$7.18	$7.70	$7.20	$7.70
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	26.9%	19.1%	32.7%	24.6%	29.5%
Expected Move	8.4%	7.1%	9.4%	7.1%	8.5%
HV 20d	26.6%	19.5%	29.8%	28.5%	19.5%
HV 60d	24.9%	21.4%	26.6%	26.1%	21.4%
IV Rank	14.5%	5.6%	21.2%	11.9%	17.5%
IV Percentile	21.8%	1.6%	48.0%	7.9%	32.9%
Term Structure	0.7%	-3.3%	7.2%	7.2%	3.9%
VWIV	29.8%	29.8%	29.8%	29.8%	29.8%
Skew 25d	40.2%	3.1%	65.7%	3.1%	36.3%
Skew 10d	58.8%	-61.5%	98.3%	-61.5%	97.6%
Call IV 25d	38.6%	23.1%	47.9%	23.1%	47.9%
Put IV 25d	78.9%	26.2%	107.6%	26.2%	84.3%
Bid-Ask Spread %	100.11	93.03	109.52	100.70	99.86
Gamma HHI	0.87	0.83	0.89	0.84	0.87
Net GEX	20.8K	16.1K	27.8K	16.3K	27.8K
Net DEX	-256.3K	-424.4K	-173.1K	-179.5K	-424.4K
Net VEX	-1.5K	-1.6K	-1.4K	-1.6K	-1.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.10	0.00	11.00	0.00	0.00
Total Volume	19.6	0	104	7	104
Total OI	1,738.3	1,524	1,922	1,886	1,589

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
2013-11-01	$7.20	$7.50	24.6%	7.1%	28.5%	11.9%	0.0%	3.1%	7.2%	16.3K	-179.5K	-1.6K	0.00	100.70	N/A	N/A	7	0	1,600	286
2013-11-04	$7.37	$7.50	26.1%	9.4%	29.8%	13.6%	0.0%	51.1%	-0.4%	16.1K	-234.7K	-1.6K	0.00	96.42	N/A	N/A	0	0	1,602	286
2013-11-05	$7.30	$7.50	19.1%	9.0%	29.5%	5.6%	0.0%	9.3%	-1.2%	16.1K	-202.7K	-1.6K	0.00	95.64	N/A	N/A	0	50	1,602	286
2013-11-06	$7.30	$7.50	20.0%	8.4%	28.8%	6.6%	0.0%	10.1%	-0.5%	18.4K	-216.4K	-1.6K	0.00	96.76	N/A	N/A	0	0	1,602	267
2013-11-07	$7.18	$7.50	23.1%	8.8%	28.0%	10.2%	0.0%	10.5%	-2.7%	17.6K	-173.1K	-1.5K	0.00	96.64	N/A	N/A	0	0	1,602	267
2013-11-08	$7.32	$7.50	25.8%	7.6%	28.4%	13.3%	0.0%	61.4%	4.7%	17.8K	-225.6K	-1.5K	0.00	93.03	N/A	N/A	3	0	1,602	267
2013-11-11	$7.34	$7.50	27.3%	8.1%	28.4%	14.9%	0.0%	60.7%	3.0%	19.0K	-203.4K	-1.4K	0.00	100.08	N/A	N/A	0	0	1,602	267
2013-11-12	$7.34	$7.50	26.2%	8.0%	28.4%	13.7%	0.0%	61.3%	3.8%	19.1K	-204.5K	-1.5K	0.00	98.84	N/A	N/A	27	0	1,602	267
2013-11-13	$7.40	$7.50	23.0%	8.4%	28.4%	10.1%	0.0%	56.2%	0.9%	19.8K	-246.0K	-1.5K	0.00	95.27	N/A	N/A	32	0	1,623	267
2013-11-14	$7.34	$7.50	28.2%	8.1%	28.1%	16.0%	0.0%	59.0%	1.0%	20.3K	-225.3K	-1.5K	0.00	104.09	N/A	N/A	0	0	1,655	267
2013-11-15	$7.44	$7.50	32.7%	9.4%	28.0%	21.2%	0.0%	56.1%	-3.3%	20.9K	-259.6K	-1.5K	11.00	98.51	N/A	N/A	5	55	1,655	267
2013-11-18	$7.29	$7.50	25.6%	7.3%	27.3%	13.0%	0.0%	15.2%	-0.9%	22.6K	-245.3K	-1.4K	0.00	94.61	N/A	N/A	11	0	1,325	199
2013-11-19	$7.26	$7.50	27.5%	7.9%	26.0%	15.2%	0.0%	16.2%	0.3%	22.2K	-227.8K	-1.4K	0.00	100.60	N/A	N/A	0	0	1,336	199
2013-11-20	$7.27	$7.50	27.8%	8.0%	24.6%	15.6%	0.0%	13.6%	0.6%	22.0K	-238.1K	-1.4K	0.00	109.03	N/A	N/A	25	0	1,336	199
2013-11-21	$7.35	$7.50	31.1%	8.9%	25.2%	19.3%	0.0%	65.7%	-1.5%	21.9K	-263.5K	-1.5K	0.00	107.89	N/A	N/A	0	0	1,361	199
2013-11-22	$7.45	$7.50	32.1%	9.2%	25.3%	20.5%	0.0%	62.8%	-1.5%	22.5K	-295.7K	-1.5K	0.00	99.90	N/A	N/A	0	0	1,361	199
2013-11-25	$7.45	$7.50	27.8%	8.0%	24.8%	15.5%	29.8%	60.2%	0.7%	24.8K	-312.0K	-1.5K	0.00	109.52	N/A	N/A	20	0	1,361	199
2013-11-26	$7.58	$7.50	29.8%	8.6%	25.0%	17.9%	0.0%	55.1%	-0.6%	26.2K	-350.0K	-1.5K	0.00	102.09	N/A	N/A	53	0	1,374	199
2013-11-27	$7.65	$7.50	31.0%	8.9%	19.6%	19.2%	0.0%	40.8%	1.4%	25.1K	-398.8K	-1.6K	0.00	102.71	N/A	N/A	0	0	1,390	199
2013-11-29	$7.70	$7.50	29.5%	8.5%	19.5%	17.5%	0.0%	36.3%	3.9%	27.8K	-424.4K	-1.5K	0.00	99.86	N/A	N/A	104	0	1,390	199