HLIT Options History — January 2015

In January 2015, HLIT traded between $6.75 and $7.67. ATM implied volatility averaged 41.7%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 11.8% (HV 20d: 29.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 3.04.

Notable Days

2015-01-12: Highest Volume — 705 contracts
2015-01-05: Largest IV spike — 57.0% change
2015-01-12: Highest IV Rank — 37.5%
2015-01-15: Largest Expected Move — 12.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.94	$6.75	$7.67	$7.04	$7.67
Max Pain	$7.00	$5.00	$7.50	$7.50	$5.00
ATM IV	41.7%	29.8%	65.0%	29.8%	41.8%
Expected Move	10.0%	7.9%	12.9%	10.5%	12.0%
HV 20d	29.9%	21.6%	40.4%	34.3%	40.4%
HV 60d	33.9%	28.8%	36.5%	36.2%	34.4%
IV Rank	17.8%	7.8%	37.5%	7.8%	17.9%
IV Percentile	59.3%	18.3%	92.9%	18.3%	67.5%
Term Structure	-1.8%	-14.9%	19.1%	19.1%	-6.8%
VWIV	43.3%	28.5%	77.3%	42.1%	42.0%
Skew 25d	14.1%	1.1%	81.8%	1.5%	7.1%
Skew 10d	13.8%	3.4%	95.8%	6.1%	16.1%
Call IV 25d	36.0%	24.4%	51.1%	44.1%	37.8%
Put IV 25d	50.0%	31.7%	122.0%	45.6%	44.9%
Bid-Ask Spread %	108.43	95.96	113.53	99.48	95.96
Gamma HHI	0.95	0.89	1.00	0.89	1.00
Net GEX	7.6K	3.0K	11.9K	3.0K	11.9K
Net DEX	3.6K	-388.5K	255.8K	165.7K	-388.5K
Net VEX	-1.4K	-1.6K	-1.2K	-1.6K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.04	0.00	6.88	6.88	0.34
Total Volume	286.75	0	705	678	166
Total OI	1,466.5	863	1,960	1,916	920

Daily Data (20 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
2015-01-02	$7.04	$7.50	29.8%	10.5%	34.3%	7.8%	42.1%	1.5%	19.1%	3.0K	165.7K	-1.6K	6.88	99.48	N/A	N/A	86	592	1,069	847
2015-01-05	$6.87	$7.50	46.9%	8.0%	35.2%	22.1%	0.0%	1.1%	8.0%	4.0K	176.7K	-1.6K	0.00	110.30	N/A	N/A	0	0	1,069	847
2015-01-06	$6.75	$7.50	49.1%	8.7%	35.5%	24.1%	0.0%	10.2%	-7.3%	4.6K	209.6K	-1.4K	0.00	110.26	N/A	N/A	0	0	1,069	847
2015-01-07	$6.78	$7.50	52.3%	8.8%	35.5%	26.8%	0.0%	12.3%	-7.4%	4.3K	199.0K	-1.5K	0.00	111.17	N/A	N/A	0	0	1,069	847
2015-01-08	$6.87	$7.50	44.3%	7.9%	34.4%	20.0%	28.5%	1.5%	-2.5%	4.5K	205.1K	-1.4K	6.37	113.00	N/A	N/A	93	592	1,069	847
2015-01-09	$6.79	$7.50	51.1%	10.6%	34.2%	25.7%	41.4%	4.3%	-8.2%	4.6K	209.6K	-1.4K	6.37	105.86	N/A	N/A	93	592	1,078	847
2015-01-12	$6.80	$7.50	65.0%	9.0%	31.6%	37.5%	31.5%	16.0%	2.3%	4.8K	223.6K	-1.4K	5.24	111.22	N/A	N/A	113	592	1,078	847
2015-01-13	$6.84	$7.50	58.4%	10.7%	30.9%	31.9%	41.7%	1.1%	-6.2%	7.9K	253.9K	-1.3K	5.24	106.30	N/A	N/A	113	592	1,113	847
2015-01-14	$6.94	$7.50	31.8%	9.1%	27.6%	9.5%	32.1%	18.8%	4.9%	4.6K	187.8K	-1.4K	5.24	111.88	N/A	N/A	113	592	1,113	847
2015-01-15	$6.76	$7.50	44.9%	12.9%	29.5%	20.5%	48.3%	3.8%	-14.9%	7.8K	255.8K	-1.3K	5.58	104.74	N/A	N/A	106	592	1,113	847
2015-01-16	$6.82	$7.50	31.8%	9.1%	29.2%	9.4%	0.0%	17.2%	-8.5%	8.2K	231.0K	-1.3K	0.00	111.41	N/A	N/A	0	0	1,126	805
2015-01-20	$6.82	$7.50	32.0%	9.2%	27.6%	9.6%	0.0%	20.0%	-1.3%	8.8K	-196.1K	-1.3K	0.00	113.16	N/A	N/A	0	0	763	100
2015-01-21	$6.81	$7.50	34.2%	9.8%	26.6%	11.5%	0.0%	17.9%	4.4%	8.7K	-194.0K	-1.2K	0.00	113.09	N/A	N/A	0	0	763	100
2015-01-22	$6.99	$7.50	39.1%	11.2%	28.3%	15.6%	31.7%	22.5%	6.2%	9.5K	-215.9K	-1.3K	0.34	111.50	N/A	N/A	125	42	763	100
2015-01-23	$7.04	$7.50	35.1%	10.1%	28.4%	12.2%	37.3%	81.8%	-8.4%	10.9K	-235.8K	-1.4K	0.34	106.20	N/A	N/A	125	42	810	100
2015-01-26	$7.10	$7.50	32.8%	9.4%	22.5%	10.3%	77.3%	7.3%	5.9%	11.7K	-242.6K	-1.3K	0.00	113.53	N/A	N/A	10	0	810	100
2015-01-27	$7.08	$5.00	33.3%	9.6%	22.4%	10.7%	67.8%	24.5%	-6.7%	11.5K	-253.2K	-1.3K	0.00	112.79	N/A	N/A	10	0	820	100
2015-01-28	$7.06	$5.00	39.5%	11.3%	21.6%	16.0%	41.4%	8.8%	-2.8%	10.8K	-269.2K	-1.4K	0.31	110.10	N/A	N/A	135	42	820	100
2015-01-29	$6.96	$5.00	40.9%	11.7%	21.7%	17.1%	43.9%	3.7%	-6.0%	10.7K	-251.3K	-1.3K	0.31	96.73	N/A	N/A	135	42	820	100
2015-01-30	$7.67	$5.00	41.8%	12.0%	40.4%	17.9%	42.0%	7.1%	-6.8%	11.9K	-388.5K	-1.4K	0.34	95.96	N/A	N/A	124	42	820	100