HLIT Options History — January 2016

In January 2016, HLIT traded between $3.14 and $3.94. ATM implied volatility averaged 102.5%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 61.9% (HV 20d: 40.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.56.

Notable Days

2016-01-27: Highest Volume — 133 contracts
2016-01-06: Largest IV spike — 182.5% change
2016-01-04: Highest IV Rank — 100.0%
2016-01-27: Largest Expected Move — 36.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.40	$3.14	$3.94	$3.94	$3.25
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	102.5%	60.1%	195.3%	142.4%	105.4%
Expected Move	23.3%	12.4%	36.8%	12.4%	30.2%
HV 20d	40.5%	32.4%	60.8%	58.5%	49.0%
HV 60d	44.7%	43.7%	48.0%	45.8%	48.0%
IV Rank	49.6%	23.3%	100.0%	100.0%	49.0%
IV Percentile	94.8%	82.5%	100.0%	100.0%	96.8%
Term Structure	-28.6%	-89.9%	-3.5%	-6.5%	-34.4%
VWIV	82.8%	61.6%	112.8%	65.9%	99.9%
Bid-Ask Spread %	87.22	24.12	125.58	69.74	116.23
Gamma HHI	0.89	0.72	0.96	0.72	0.96
Net GEX	-979	-1.3K	-544	-544	-1.2K
Net DEX	29.0K	17.5K	42.5K	26.7K	23.8K
Net VEX	-306	-361	-200	-361	-310
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.23	1.16	0.35	0.51
Total Volume	82.474	50	133	50	119
Total OI	690.842	598	756	721	688

Daily Data (19 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
2016-01-04	$3.94	$0.00	142.4%	12.4%	58.5%	100.0%	0.0%	0.0%	-6.5%	-544	26.7K	-361	0.35	69.74	N/A	N/A	37	13	228	493
2016-01-05	$3.70	$0.00	69.1%	19.8%	60.8%	40.7%	0.0%	0.0%	-27.5%	-760	28.9K	-314	0.35	27.71	N/A	N/A	37	13	228	493
2016-01-06	$3.63	$0.00	195.3%	21.3%	60.8%	100.0%	0.0%	0.0%	-20.6%	-565	31.6K	-360	0.23	95.40	N/A	N/A	57	13	243	493
2016-01-07	$3.54	$0.00	145.5%	19.2%	34.0%	71.8%	65.9%	0.0%	-27.6%	-922	22.1K	-266	0.26	31.80	N/A	N/A	57	15	243	493
2016-01-08	$3.45	$5.00	170.0%	19.6%	33.4%	85.7%	64.9%	0.0%	-24.5%	-851	25.6K	-292	0.40	72.67	N/A	N/A	47	19	243	493
2016-01-11	$3.49	$5.00	69.7%	20.0%	34.4%	28.8%	71.1%	0.0%	-21.8%	-933	28.5K	-312	0.40	71.70	N/A	N/A	47	19	253	498
2016-01-12	$3.42	$5.00	70.4%	20.2%	34.6%	29.2%	78.1%	0.0%	-23.3%	-883	27.2K	-300	0.40	71.67	N/A	N/A	47	19	253	503
2016-01-13	$3.32	$5.00	63.1%	18.1%	35.2%	25.1%	61.6%	0.0%	-22.7%	-962	28.8K	-315	0.40	68.76	N/A	N/A	47	19	253	503
2016-01-14	$3.39	$5.00	60.1%	17.2%	33.4%	23.3%	63.3%	0.0%	-3.5%	-990	25.6K	-278	0.40	24.12	N/A	N/A	47	19	253	503
2016-01-15	$3.33	$5.00	86.6%	24.8%	33.4%	38.4%	80.1%	0.0%	-37.2%	-1.2K	28.4K	-281	0.83	115.41	N/A	N/A	47	39	253	503
2016-01-19	$3.28	$5.00	90.1%	25.8%	33.3%	40.4%	79.3%	0.0%	-24.1%	-1.0K	36.0K	-309	0.90	100.50	N/A	N/A	40	36	74	524
2016-01-20	$3.21	$5.00	90.8%	26.0%	32.4%	40.8%	88.0%	0.0%	-31.9%	-1.2K	42.5K	-315	0.72	116.06	N/A	N/A	50	36	74	524
2016-01-21	$3.28	$5.00	73.5%	21.1%	34.6%	31.0%	90.2%	0.0%	-32.6%	-1.2K	33.3K	-294	0.60	100.09	N/A	N/A	60	36	84	524
2016-01-22	$3.29	$5.00	94.3%	27.0%	34.9%	42.7%	84.7%	0.0%	-19.8%	-909	33.1K	-335	0.72	117.71	N/A	N/A	50	36	94	524
2016-01-25	$3.25	$5.00	102.1%	29.3%	34.8%	47.2%	93.3%	0.0%	-45.8%	-1.1K	29.5K	-299	0.72	117.51	N/A	N/A	50	36	104	524
2016-01-26	$3.47	$5.00	90.2%	25.9%	42.6%	40.4%	96.3%	0.0%	-24.7%	-1.3K	17.5K	-200	1.16	97.87	N/A	N/A	50	58	104	524
2016-01-27	$3.31	$5.00	128.5%	36.8%	44.0%	62.1%	112.8%	0.0%	-89.9%	-1.0K	34.1K	-348	0.77	125.58	N/A	N/A	75	58	104	551
2016-01-28	$3.14	$5.00	99.5%	28.5%	45.9%	45.7%	95.8%	0.0%	-25.4%	-1.1K	27.9K	-329	0.51	116.63	N/A	N/A	79	40	129	551
2016-01-29	$3.25	$5.00	105.4%	30.2%	49.0%	49.0%	99.9%	0.0%	-34.4%	-1.2K	23.8K	-310	0.51	116.23	N/A	N/A	79	40	133	555