HLIT Options History — January 2014

In January 2014, HLIT traded between $6.54 and $7.44. ATM implied volatility averaged 33.6%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 0.8% (HV 20d: 32.8%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.31.

Notable Days

2014-01-17: Highest Volume — 150 contracts
2014-01-14: Largest IV spike — 42.4% change
2014-01-14: Highest IV Rank — 37.7%
2014-01-07: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.99	$6.54	$7.44	$7.32	$6.56
Max Pain	$7.02	$5.00	$7.50	$7.50	$5.00
ATM IV	33.6%	25.1%	47.2%	31.7%	35.2%
Expected Move	10.0%	8.6%	11.5%	9.1%	10.1%
HV 20d	32.8%	23.2%	41.9%	29.3%	38.1%
HV 60d	29.8%	27.2%	32.7%	27.8%	31.1%
IV Rank	22.1%	12.4%	37.7%	20.0%	24.0%
IV Percentile	54.3%	10.3%	92.5%	46.8%	69.0%
Term Structure	-2.5%	-13.2%	7.6%	3.8%	-0.4%
VWIV	40.5%	34.3%	49.6%	37.0%	38.8%
Skew 25d	18.6%	7.3%	51.4%	7.8%	9.9%
Skew 10d	26.0%	9.8%	73.8%	12.2%	9.8%
Call IV 25d	33.4%	24.7%	44.3%	34.2%	24.7%
Put IV 25d	52.0%	33.1%	87.0%	42.0%	34.6%
Bid-Ask Spread %	69.37	16.90	111.69	89.02	102.29
Gamma HHI	0.72	0.36	0.90	0.86	0.66
Net GEX	14.3K	1.4K	31.8K	21.6K	2.3K
Net DEX	-47.4K	-186.5K	60.8K	-150.1K	44.7K
Net VEX	-696	-909	-377	-890	-562
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.31	0.00	2.00	0.00	0.00
Total Volume	26.476	0	150	0	0
Total OI	1,296.333	966	1,482	1,417	1,181

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
2014-01-02	$7.32	$7.50	31.7%	9.1%	29.3%	20.0%	0.0%	7.8%	3.8%	21.6K	-150.1K	-890	0.00	89.02	N/A	N/A	0	0	1,197	220
2014-01-03	$7.38	$7.50	35.0%	10.0%	29.2%	23.8%	0.0%	7.3%	2.3%	21.7K	-173.9K	-909	0.00	108.51	N/A	N/A	0	0	1,197	220
2014-01-06	$7.27	$7.50	28.7%	10.6%	29.7%	16.6%	0.0%	8.2%	-3.1%	25.7K	-176.3K	-893	0.00	23.52	N/A	N/A	0	0	1,197	220
2014-01-07	$7.29	$7.50	25.5%	11.5%	29.6%	12.9%	0.0%	8.2%	-7.5%	27.1K	-105.3K	-777	0.00	25.86	N/A	N/A	5	0	1,197	220
2014-01-08	$7.44	$7.50	28.5%	10.2%	29.2%	16.4%	0.0%	43.4%	-2.6%	26.5K	-186.5K	-805	0.00	27.85	N/A	N/A	0	0	1,197	220
2014-01-09	$7.27	$7.50	25.1%	10.6%	29.7%	12.4%	37.0%	9.9%	-3.2%	27.6K	-95.0K	-774	1.67	24.68	N/A	N/A	30	50	1,197	220
2014-01-10	$7.29	$7.50	29.9%	10.6%	28.9%	18.0%	37.1%	46.7%	-4.3%	26.2K	-97.7K	-836	0.00	31.89	N/A	N/A	30	0	1,198	254
2014-01-13	$7.25	$7.50	33.1%	11.1%	23.4%	21.6%	0.0%	8.8%	-6.2%	25.8K	-80.7K	-792	0.00	23.07	N/A	N/A	0	0	1,228	254
2014-01-14	$7.34	$7.50	47.2%	9.8%	23.5%	37.7%	34.3%	43.8%	-2.6%	27.2K	-136.5K	-800	0.00	32.45	N/A	N/A	2	0	1,228	254
2014-01-15	$7.36	$7.50	45.3%	9.6%	23.2%	35.5%	0.0%	51.4%	0.0%	31.8K	-137.3K	-795	0.00	30.90	N/A	N/A	10	0	1,225	254
2014-01-16	$7.12	$7.50	31.4%	9.0%	26.7%	19.6%	0.0%	9.1%	-1.9%	17.8K	-56.7K	-695	0.00	88.83	N/A	N/A	4	0	1,215	254
2014-01-17	$6.54	$7.50	31.0%	8.9%	40.7%	19.2%	46.4%	11.4%	5.8%	1.4K	60.8K	-377	2.00	16.90	N/A	N/A	50	100	1,219	254
2014-01-21	$6.71	$5.00	30.1%	8.6%	41.9%	18.2%	49.6%	20.2%	7.6%	1.4K	25.2K	-564	0.00	98.13	N/A	N/A	25	0	692	299
2014-01-22	$6.80	$7.50	36.1%	10.4%	37.8%	25.1%	0.0%	24.4%	0.9%	1.4K	40.2K	-489	0.20	98.34	N/A	N/A	100	20	667	299
2014-01-23	$6.77	$7.50	31.9%	9.2%	37.5%	20.3%	0.0%	18.9%	3.6%	2.2K	34.3K	-632	0.00	100.97	N/A	N/A	10	0	732	319
2014-01-24	$6.60	$7.50	35.7%	10.2%	38.0%	24.5%	0.0%	14.1%	-10.8%	1.9K	37.9K	-631	0.17	99.55	N/A	N/A	60	10	742	319
2014-01-27	$6.59	$7.50	37.5%	10.8%	37.8%	26.6%	0.0%	13.3%	-6.8%	2.5K	36.6K	-659	0.00	111.45	N/A	N/A	10	0	802	329
2014-01-28	$6.67	$7.50	35.4%	10.2%	38.2%	24.2%	38.8%	16.6%	-9.4%	2.6K	33.0K	-641	0.00	108.50	N/A	N/A	40	0	812	329
2014-01-29	$6.61	$5.00	37.2%	10.7%	38.2%	26.3%	0.0%	9.5%	-13.2%	2.6K	42.5K	-542	0.00	111.69	N/A	N/A	0	0	852	329
2014-01-30	$6.60	$5.00	33.3%	9.5%	38.1%	21.8%	0.0%	8.2%	-4.9%	2.4K	45.8K	-547	0.00	102.43	N/A	N/A	0	0	852	329
2014-01-31	$6.56	$5.00	35.2%	10.1%	38.1%	24.0%	0.0%	9.9%	-0.4%	2.3K	44.7K	-562	0.00	102.29	N/A	N/A	0	0	852	329