HLIT Options History — April 2014

In April 2014, HLIT traded between $6.45 and $7.37. ATM implied volatility averaged 34.1%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 3.4% (HV 20d: 30.7%). 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 9 of 21 days. Put/call ratio averaged 0.02.

Notable Days

2014-04-04: Highest Volume — 107 contracts
2014-04-28: Largest IV spike — 42.5% change
2014-04-09: Highest IV Rank — 45.5%
2014-04-16: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.92	$6.45	$7.37	$7.22	$7.03
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	34.1%	20.6%	46.7%	27.4%	37.0%
Expected Move	8.9%	5.9%	11.7%	7.9%	10.6%
HV 20d	30.7%	22.3%	39.6%	22.3%	36.4%
HV 60d	27.7%	23.9%	30.6%	29.1%	27.5%
IV Rank	27.9%	8.9%	45.5%	18.5%	31.9%
IV Percentile	54.9%	3.6%	92.5%	21.0%	75.0%
Term Structure	-0.6%	-17.1%	10.3%	5.1%	-17.1%
VWIV	28.5%	21.4%	36.1%	23.0%	21.4%
Skew 25d	17.0%	-39.6%	81.0%	-12.0%	44.0%
Skew 10d	14.0%	-76.2%	109.0%	-64.4%	62.5%
Call IV 25d	40.4%	27.4%	69.3%	38.2%	30.1%
Put IV 25d	57.4%	26.2%	121.5%	26.2%	74.1%
Bid-Ask Spread %	109.17	90.73	116.44	103.89	113.44
Gamma HHI	0.75	0.58	0.87	0.81	0.87
Net GEX	2.2K	1.0K	5.1K	4.3K	1.9K
Net DEX	-61.0K	-114.9K	-26.1K	-93.6K	-39.8K
Net VEX	-374	-457	-291	-415	-299
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.02	0.00	0.13	0.00	0.08
Total Volume	16	0	107	1	0
Total OI	855	534	1,074	1,041	534

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
2014-04-01	$7.22	$7.50	27.4%	7.9%	22.3%	18.5%	0.0%	-12.0%	5.1%	4.3K	-93.6K	-415	0.00	103.89	N/A	N/A	1	0	810	231
2014-04-02	$7.27	$7.50	30.6%	8.8%	22.3%	23.0%	0.0%	-18.9%	6.2%	4.3K	-101.7K	-406	0.00	106.45	N/A	N/A	0	0	810	231
2014-04-03	$7.18	$7.50	28.7%	8.2%	22.6%	20.3%	0.0%	-39.6%	4.9%	5.1K	-114.9K	-447	0.00	98.85	N/A	N/A	36	0	810	231
2014-04-04	$7.00	$7.50	36.6%	6.6%	24.8%	31.5%	23.0%	35.5%	10.3%	3.2K	-77.3K	-434	0.00	110.68	N/A	N/A	107	0	826	231
2014-04-07	$6.89	$7.50	44.4%	7.8%	25.5%	42.4%	0.0%	32.1%	3.6%	2.0K	-60.9K	-393	0.00	112.00	N/A	N/A	0	0	796	231
2014-04-08	$6.90	$7.50	43.6%	8.4%	25.2%	41.3%	0.0%	14.9%	-0.3%	2.0K	-58.5K	-371	0.00	113.86	N/A	N/A	4	0	796	231
2014-04-09	$6.94	$7.50	46.7%	8.2%	25.2%	45.5%	28.8%	39.7%	3.9%	2.1K	-59.0K	-380	0.00	112.07	N/A	N/A	5	0	792	231
2014-04-10	$6.62	$7.50	29.9%	8.6%	29.7%	22.0%	0.0%	8.0%	-0.1%	1.4K	-43.4K	-379	0.00	109.06	N/A	N/A	50	0	792	231
2014-04-11	$6.48	$7.50	29.6%	8.5%	30.7%	21.5%	0.0%	6.1%	-3.3%	1.1K	-33.9K	-361	0.00	109.65	N/A	N/A	0	0	841	231
2014-04-14	$6.50	$7.50	35.4%	10.2%	30.6%	29.8%	0.0%	-1.4%	-5.6%	1.1K	-30.7K	-379	0.00	109.04	N/A	N/A	0	0	841	231
2014-04-15	$6.45	$7.50	37.2%	10.7%	30.3%	32.3%	0.0%	11.0%	-3.7%	1.0K	-26.1K	-353	0.00	110.61	N/A	N/A	8	0	841	231
2014-04-16	$6.52	$7.50	40.8%	11.7%	30.4%	37.3%	0.0%	10.7%	-13.7%	1.2K	-35.0K	-457	0.00	111.71	N/A	N/A	0	8	843	231
2014-04-17	$6.72	$7.50	34.9%	10.0%	32.1%	29.0%	0.0%	20.4%	-2.8%	1.3K	-59.6K	-295	0.00	109.74	N/A	N/A	6	0	843	196
2014-04-21	$6.78	$7.50	36.4%	10.4%	32.2%	31.1%	0.0%	49.3%	-1.8%	1.4K	-55.4K	-291	0.00	109.93	N/A	N/A	3	0	371	175
2014-04-22	$6.90	$7.50	34.7%	9.9%	32.3%	28.7%	36.1%	8.1%	-2.6%	1.5K	-67.3K	-380	0.13	110.13	N/A	N/A	30	4	373	175
2014-04-23	$7.33	$7.50	31.6%	9.1%	38.4%	24.4%	33.1%	44.6%	-3.4%	2.9K	-100.9K	-390	0.08	109.05	N/A	N/A	65	5	403	179
2014-04-24	$7.37	$7.50	27.1%	7.8%	37.8%	18.1%	0.0%	81.0%	3.5%	2.5K	-70.9K	-375	0.00	116.44	N/A	N/A	0	0	350	184
2014-04-25	$7.17	$7.50	20.6%	5.9%	39.5%	8.9%	21.4%	10.7%	7.0%	2.4K	-57.1K	-375	0.00	90.73	N/A	N/A	0	4	350	184
2014-04-28	$7.08	$7.50	29.3%	8.4%	39.6%	21.2%	0.0%	8.8%	5.6%	2.0K	-50.2K	-351	0.00	111.76	N/A	N/A	0	0	350	184
2014-04-29	$7.00	$7.50	33.3%	9.6%	36.7%	26.8%	0.0%	3.0%	-8.2%	1.9K	-45.1K	-333	0.00	113.54	N/A	N/A	0	0	350	184
2014-04-30	$7.03	$7.50	37.0%	10.6%	36.4%	31.9%	0.0%	44.0%	-17.1%	1.9K	-39.8K	-299	0.00	113.44	N/A	N/A	0	0	350	184