HLIT Options History — July 2014

In July 2014, HLIT traded between $5.73 and $7.60. ATM implied volatility averaged 43.7%, placing in the 61.4% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 0.1% (HV 20d: 43.8%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.81.

Notable Days

2014-07-10: Highest Volume — 100 contracts
2014-07-31: Largest IV spike — 31.9% change
2014-07-28: Highest IV Rank — 100.0%
2014-07-31: Largest Expected Move — 18.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.57	$5.73	$7.60	$7.60	$6.00
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	43.7%	26.5%	65.2%	26.5%	65.2%
Expected Move	12.4%	7.6%	18.7%	7.6%	18.7%
HV 20d	43.8%	16.9%	65.1%	19.6%	65.1%
HV 60d	34.5%	24.9%	42.2%	26.8%	42.1%
IV Rank	61.4%	25.9%	100.0%	25.9%	100.0%
IV Percentile	84.0%	20.2%	100.0%	20.2%	100.0%
Term Structure	-8.6%	-23.4%	7.2%	7.2%	-23.4%
VWIV	41.8%	36.5%	47.8%	41.1%	47.8%
Skew 25d	10.3%	-8.8%	48.9%	7.0%	4.4%
Skew 10d	15.8%	-14.4%	78.7%	12.5%	4.9%
Call IV 25d	44.6%	32.0%	63.2%	32.0%	63.2%
Put IV 25d	55.0%	38.7%	90.2%	39.0%	67.5%
Bid-Ask Spread %	77.83	11.44	115.07	37.79	110.87
Gamma HHI	0.71	0.50	0.97	0.97	0.50
Net GEX	1.5K	-311	3.7K	3.7K	31
Net DEX	-41.4K	-158.2K	22.5K	-158.2K	11.3K
Net VEX	-279	-427	-167	-427	-171
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.81	0.00	10.00	0.00	0.11
Total Volume	14.545	0	100	18	0
Total OI	595.5	401	851	645	401

Daily Data (22 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
2014-07-01	$7.60	$7.50	26.5%	7.6%	19.6%	25.9%	0.0%	7.0%	7.2%	3.7K	-158.2K	-427	0.00	37.79	N/A	N/A	18	0	467	178
2014-07-02	$7.47	$7.50	30.0%	8.6%	20.8%	33.4%	0.0%	4.2%	6.5%	3.3K	-142.0K	-399	0.00	95.04	N/A	N/A	4	0	456	178
2014-07-03	$7.54	$7.50	33.6%	9.6%	17.9%	40.9%	0.0%	44.5%	0.0%	3.4K	-139.6K	-393	0.00	108.81	N/A	N/A	0	0	458	178
2014-07-07	$7.50	$7.50	39.0%	10.1%	17.0%	52.2%	0.0%	48.9%	-1.3%	3.2K	-132.7K	-378	0.00	98.36	N/A	N/A	5	0	458	178
2014-07-08	$7.36	$7.50	36.0%	10.2%	16.9%	46.0%	0.0%	8.8%	-2.3%	3.3K	-117.2K	-379	0.00	106.16	N/A	N/A	0	0	463	178
2014-07-09	$7.33	$7.50	40.2%	8.9%	16.9%	54.9%	0.0%	7.6%	0.3%	3.2K	-114.7K	-376	0.00	115.07	N/A	N/A	0	0	463	178
2014-07-10	$7.08	$7.50	31.1%	8.9%	20.2%	35.7%	0.0%	7.4%	-2.8%	3.2K	-82.3K	-337	0.00	106.44	N/A	N/A	0	100	463	178
2014-07-11	$7.13	$7.50	40.0%	11.5%	20.5%	54.3%	0.0%	9.5%	-7.7%	2.9K	-84.5K	-350	0.00	100.68	N/A	N/A	0	0	463	278
2014-07-14	$6.15	$7.50	43.3%	12.4%	55.3%	61.4%	41.1%	5.8%	-16.1%	853	-6.9K	-173	6.50	15.89	N/A	N/A	10	65	463	278
2014-07-15	$5.98	$7.50	51.4%	14.7%	55.6%	78.6%	0.0%	10.1%	-1.7%	363	22.5K	-311	1.25	99.47	N/A	N/A	20	25	463	343
2014-07-16	$6.01	$7.50	41.5%	11.9%	55.7%	57.5%	36.5%	1.3%	-3.3%	343	18.9K	-323	10.00	11.44	N/A	N/A	1	10	483	368
2014-07-17	$6.00	$7.50	45.1%	12.9%	55.3%	65.3%	0.0%	7.0%	-16.7%	100	19.4K	-201	0.00	40.63	N/A	N/A	11	0	484	358
2014-07-18	$6.13	$7.50	44.0%	12.6%	56.5%	62.9%	0.0%	12.2%	-11.1%	407	13.8K	-211	0.00	42.01	N/A	N/A	10	0	485	358
2014-07-21	$6.24	$7.50	56.7%	16.2%	56.8%	89.7%	47.8%	8.2%	-17.0%	649	-7.3K	-232	2.00	108.72	N/A	N/A	2	4	240	183
2014-07-22	$6.28	$7.50	43.1%	12.4%	57.0%	61.0%	0.0%	10.0%	-9.8%	763	-10.5K	-230	0.00	109.85	N/A	N/A	0	0	242	187
2014-07-23	$6.29	$7.50	44.2%	12.7%	57.1%	63.4%	0.0%	10.9%	-10.4%	783	-10.2K	-255	0.00	111.20	N/A	N/A	0	0	242	187
2014-07-24	$6.30	$7.50	42.9%	12.3%	57.2%	60.5%	0.0%	9.4%	-13.8%	767	-7.1K	-209	0.00	100.86	N/A	N/A	0	0	242	187
2014-07-25	$6.30	$7.50	48.9%	14.0%	57.3%	73.2%	0.0%	13.3%	-14.5%	803	-9.7K	-223	0.00	65.03	N/A	N/A	5	0	242	187
2014-07-28	$6.23	$7.50	63.7%	18.3%	56.9%	100.0%	0.0%	11.0%	-19.8%	623	-4.0K	-197	0.00	90.71	N/A	N/A	0	0	244	187
2014-07-29	$5.73	$7.50	45.4%	13.0%	62.6%	62.9%	0.0%	-8.8%	-12.1%	-311	14.5K	-204	0.11	16.64	N/A	N/A	27	3	244	187
2014-07-30	$5.99	$7.50	49.4%	14.2%	64.9%	71.2%	0.0%	-5.1%	-19.1%	-51	14.7K	-167	0.00	20.67	N/A	N/A	0	0	217	184
2014-07-31	$6.00	$7.50	65.2%	18.7%	65.1%	100.0%	0.0%	4.4%	-23.4%	31	11.3K	-171	0.00	110.87	N/A	N/A	0	0	217	184