HLIT Options History — March 2014

In March 2014, HLIT traded between $6.40 and $7.14. ATM implied volatility averaged 39.0%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 17.1% (HV 20d: 21.9%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.04.

Notable Days

2014-03-24: Highest Volume — 40 contracts
2014-03-13: Largest IV drop — 52.2% change
2014-03-12: Highest IV Rank — 54.1%
2014-03-03: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.68	$6.40	$7.14	$6.40	$7.14
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	39.0%	25.7%	61.6%	47.0%	25.7%
Expected Move	9.9%	7.4%	13.5%	13.5%	7.4%
HV 20d	21.9%	17.4%	26.4%	17.4%	26.4%
HV 60d	28.8%	27.1%	30.7%	29.3%	29.0%
IV Rank	31.1%	16.1%	54.1%	37.5%	16.1%
IV Percentile	67.0%	12.3%	97.6%	92.5%	12.3%
Term Structure	-5.8%	-19.3%	13.3%	-19.0%	13.3%
Skew 25d	14.7%	-0.1%	22.6%	9.5%	15.7%
Skew 10d	15.5%	-39.9%	30.6%	14.4%	-39.9%
Call IV 25d	36.1%	17.9%	48.2%	34.7%	17.9%
Put IV 25d	50.8%	33.6%	62.7%	44.2%	33.6%
Bid-Ask Spread %	100.66	93.18	108.68	108.68	93.18
Gamma HHI	0.67	0.43	0.83	0.62	0.81
Net GEX	1.7K	937	3.7K	1.2K	3.7K
Net DEX	-26.1K	-87.0K	-336	-336	-73.2K
Net VEX	-376	-451	-295	-397	-351
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.04	0.00	0.27	0.27	0.00
Total Volume	5.524	0	40	19	8
Total OI	1,040	993	1,054	1,029	1,033

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
2014-03-03	$6.40	$7.50	47.0%	13.5%	17.4%	37.5%	0.0%	9.5%	-19.0%	1.2K	-336	-397	0.27	108.68	N/A	N/A	15	4	788	241
2014-03-04	$6.69	$7.50	42.1%	12.1%	22.0%	31.9%	0.0%	14.4%	-16.9%	1.8K	-17.0K	-360	0.00	98.90	N/A	N/A	13	0	800	241
2014-03-05	$6.72	$7.50	44.0%	12.6%	21.1%	34.0%	0.0%	-0.1%	-17.5%	2.1K	-25.4K	-434	0.00	98.73	N/A	N/A	0	0	813	241
2014-03-06	$6.66	$7.50	44.0%	12.6%	21.5%	34.1%	0.0%	13.1%	-19.3%	1.9K	-22.3K	-424	0.00	100.05	N/A	N/A	0	0	813	241
2014-03-07	$6.69	$7.50	48.8%	8.7%	20.4%	39.6%	0.0%	16.5%	4.5%	2.0K	-26.0K	-451	0.00	103.24	N/A	N/A	0	0	813	241
2014-03-10	$6.65	$7.50	50.5%	7.9%	20.6%	41.5%	0.0%	12.8%	2.5%	1.8K	-18.2K	-421	0.00	99.10	N/A	N/A	0	0	813	241
2014-03-11	$6.59	$7.50	54.3%	8.3%	20.9%	45.8%	0.0%	10.5%	0.9%	1.7K	-17.0K	-410	0.00	99.04	N/A	N/A	0	0	813	241
2014-03-12	$6.63	$7.50	61.6%	9.5%	20.9%	54.1%	0.0%	15.9%	-1.7%	1.7K	-21.8K	-344	0.00	100.27	N/A	N/A	0	0	813	241
2014-03-13	$6.49	$7.50	29.4%	8.4%	21.7%	17.4%	0.0%	7.5%	-3.0%	965	-8.8K	-359	0.00	98.90	N/A	N/A	23	0	813	241
2014-03-14	$6.49	$7.50	32.0%	9.2%	21.5%	24.9%	0.0%	8.1%	-3.8%	937	-2.2K	-358	0.00	101.15	N/A	N/A	0	0	803	241
2014-03-17	$6.55	$7.50	32.6%	9.3%	21.7%	25.8%	0.0%	10.9%	-3.6%	967	-1.5K	-336	0.00	100.59	N/A	N/A	0	0	803	241
2014-03-18	$6.63	$7.50	34.4%	9.9%	22.0%	28.4%	0.0%	16.2%	-4.0%	1.1K	-8.2K	-295	0.00	101.11	N/A	N/A	0	0	803	241
2014-03-19	$6.68	$7.50	33.8%	9.7%	22.1%	27.4%	0.0%	16.5%	-2.1%	1.3K	-16.8K	-363	0.00	102.75	N/A	N/A	0	0	803	231
2014-03-20	$6.76	$7.50	33.6%	9.6%	22.3%	27.2%	0.0%	20.2%	-2.9%	1.4K	-22.6K	-333	0.00	100.75	N/A	N/A	0	0	803	231
2014-03-21	$6.81	$7.50	33.0%	9.5%	22.3%	26.3%	0.0%	22.6%	-1.5%	1.6K	-26.2K	-336	0.00	100.50	N/A	N/A	13	0	803	231
2014-03-24	$6.71	$7.50	31.4%	9.0%	22.9%	24.1%	0.0%	20.1%	-2.1%	1.4K	-16.8K	-369	0.00	101.11	N/A	N/A	40	0	762	231
2014-03-25	$6.80	$7.50	35.4%	10.1%	22.8%	29.7%	0.0%	22.1%	-11.1%	1.9K	-50.7K	-386	0.00	102.17	N/A	N/A	0	0	802	231
2014-03-26	$6.71	$7.50	32.4%	9.3%	22.8%	25.5%	0.0%	16.1%	-12.3%	1.6K	-40.5K	-375	0.00	100.67	N/A	N/A	0	0	802	231
2014-03-27	$6.73	$7.50	37.9%	10.9%	22.8%	33.3%	0.0%	20.9%	-12.7%	1.7K	-44.7K	-388	0.00	103.16	N/A	N/A	0	0	802	231
2014-03-28	$6.84	$7.50	34.2%	9.8%	23.3%	28.0%	0.0%	18.5%	-9.7%	2.5K	-87.0K	-408	0.00	99.83	N/A	N/A	0	0	802	231
2014-03-31	$7.14	$7.50	25.7%	7.4%	26.4%	16.1%	0.0%	15.7%	13.3%	3.7K	-73.2K	-351	0.00	93.18	N/A	N/A	8	0	802	231