HLIT Options History — August 2014

In August 2014, HLIT traded between $5.94 and $6.57. ATM implied volatility averaged 66.0%, placing in the 54.0% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 18.6% (HV 20d: 47.5%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 102.50.

Notable Days

2014-08-27: Highest Volume — 617 contracts
2014-08-14: Largest IV drop — 64.3% change
2014-08-01: Highest IV Rank — 100.0%
2014-08-01: Largest Expected Move — 20.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.22	$5.94	$6.57	$5.94	$6.57
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	66.0%	31.3%	137.2%	69.8%	38.0%
Expected Move	10.8%	7.6%	20.0%	20.0%	8.8%
HV 20d	47.5%	30.0%	66.7%	64.6%	30.0%
HV 60d	42.9%	41.9%	44.0%	42.1%	43.3%
IV Rank	54.0%	10.3%	100.0%	100.0%	16.0%
IV Percentile	88.1%	41.7%	100.0%	100.0%	72.6%
Term Structure	-9.7%	-20.1%	0.8%	-18.2%	-8.5%
Skew 25d	5.1%	-10.0%	18.6%	-2.9%	3.5%
Skew 10d	8.0%	-6.5%	23.8%	0.5%	5.4%
Call IV 25d	37.4%	20.4%	76.8%	68.3%	28.6%
Put IV 25d	42.5%	25.5%	86.8%	65.4%	32.1%
Bid-Ask Spread %	83.53	19.37	111.16	108.14	83.53
Gamma HHI	0.63	0.50	0.91	0.50	0.86
Net GEX	-1.0K	-4.8K	534	122	-4.6K
Net DEX	119.7K	2.6K	422.8K	10.1K	422.8K
Net VEX	-235	-510	-120	-281	-405
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	102.50	0.00	307.50	0.00	307.50
Total Volume	53.762	0	617	0	0
Total OI	600.143	401	1,117	401	1,117

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
2014-08-01	$5.94	$7.50	69.8%	20.0%	64.6%	100.0%	0.0%	-2.9%	-18.2%	122	10.1K	-281	0.00	108.14	N/A	N/A	0	0	217	184
2014-08-04	$6.14	$0.00	76.4%	10.4%	66.6%	100.0%	0.0%	18.6%	0.8%	311	9.6K	-193	0.00	111.16	N/A	N/A	0	0	217	184
2014-08-05	$6.12	$0.00	81.0%	11.9%	66.5%	100.0%	0.0%	9.6%	-4.4%	252	8.8K	-149	0.00	109.95	N/A	N/A	0	0	217	184
2014-08-06	$6.16	$0.00	87.2%	11.8%	66.7%	100.0%	0.0%	17.2%	-8.3%	338	7.3K	-138	0.00	110.50	N/A	N/A	0	0	217	184
2014-08-07	$5.99	$0.00	92.0%	14.7%	66.4%	100.0%	0.0%	-4.5%	-9.4%	200	7.3K	-287	0.00	109.85	N/A	N/A	0	0	217	184
2014-08-08	$6.00	$0.00	81.4%	10.1%	66.3%	85.4%	0.0%	-10.0%	-9.3%	-69	13.4K	-120	0.00	20.02	N/A	N/A	0	0	217	184
2014-08-11	$6.23	$0.00	117.0%	11.3%	43.4%	100.0%	0.0%	9.0%	-9.4%	483	7.8K	-174	0.00	19.37	N/A	N/A	0	0	217	184
2014-08-12	$6.08	$0.00	122.1%	11.3%	43.1%	100.0%	0.0%	5.8%	-13.7%	74	14.0K	-137	0.00	21.59	N/A	N/A	10	0	217	184
2014-08-13	$6.19	$0.00	137.2%	11.9%	43.5%	100.0%	0.0%	8.7%	-5.9%	470	6.6K	-157	0.00	83.63	N/A	N/A	0	0	227	184
2014-08-14	$6.19	$0.00	49.1%	14.1%	43.5%	25.4%	0.0%	8.5%	-11.0%	455	8.3K	-171	0.00	83.32	N/A	N/A	0	0	227	184
2014-08-15	$6.15	$0.00	48.5%	13.9%	42.9%	24.9%	0.0%	7.9%	-14.7%	365	8.2K	-144	0.00	98.32	N/A	N/A	0	0	227	184
2014-08-18	$6.21	$0.00	51.3%	7.6%	42.5%	27.3%	0.0%	2.2%	-12.2%	534	2.6K	-148	0.00	107.26	N/A	N/A	0	500	222	180
2014-08-19	$6.20	$0.00	55.0%	8.5%	42.5%	30.4%	0.0%	-7.2%	-14.2%	-2.1K	226.5K	-275	0.00	77.93	N/A	N/A	0	0	222	566
2014-08-20	$6.11	$0.00	40.5%	8.2%	42.7%	18.1%	0.0%	-0.8%	-12.5%	-1.1K	239.6K	-179	0.00	56.27	N/A	N/A	2	0	222	566
2014-08-21	$6.23	$0.00	53.1%	8.1%	43.4%	28.8%	0.0%	10.0%	-13.0%	-1.7K	231.9K	-204	0.00	90.05	N/A	N/A	0	0	224	566
2014-08-22	$6.34	$0.00	36.9%	8.5%	43.9%	15.1%	0.0%	-3.1%	-3.9%	-2.4K	220.5K	-289	0.00	83.04	N/A	N/A	0	0	224	566
2014-08-25	$6.26	$0.00	41.7%	8.9%	43.9%	19.1%	0.0%	14.0%	-20.1%	-2.1K	226.0K	-298	0.00	93.04	N/A	N/A	0	0	224	566
2014-08-26	$6.52	$0.00	36.9%	9.0%	33.3%	15.0%	0.0%	8.7%	-4.5%	-2.9K	219.5K	-339	0.00	96.12	N/A	N/A	0	0	224	566
2014-08-27	$6.47	$0.00	31.3%	9.3%	30.4%	10.3%	0.0%	1.3%	-5.2%	-2.8K	215.5K	-333	307.50	94.80	N/A	N/A	2	615	224	566
2014-08-28	$6.50	$0.00	40.3%	9.3%	30.4%	17.9%	0.0%	11.3%	-5.5%	-4.8K	408.1K	-510	0.00	96.19	N/A	N/A	0	0	224	893
2014-08-29	$6.57	$0.00	38.0%	8.8%	30.0%	16.0%	0.0%	3.5%	-8.5%	-4.6K	422.8K	-405	0.00	83.53	N/A	N/A	0	0	224	893