HLIT Options History — February 2016

In February 2016, HLIT traded between $2.96 and $3.42. ATM implied volatility averaged 92.7%, placing in the 41.9% IV rank vs the trailing year. The 30-day expected move averaged 23.6%. IV traded above realized volatility by 32.9% (HV 20d: 59.8%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.42.

Notable Days

2016-02-19: Highest Volume — 174 contracts
2016-02-10: Largest IV drop — 48.7% change
2016-02-09: Highest IV Rank — 69.2%
2016-02-25: Largest Expected Move — 29.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.19	$2.96	$3.42	$3.30	$3.35
Max Pain	$2.88	$2.50	$5.00	$5.00	$2.50
ATM IV	92.7%	71.0%	140.9%	86.8%	101.4%
Expected Move	23.6%	16.5%	29.3%	24.9%	29.1%
HV 20d	59.8%	49.9%	76.6%	49.9%	76.6%
HV 60d	52.9%	47.5%	62.5%	47.5%	62.5%
IV Rank	41.9%	29.5%	69.2%	38.5%	46.8%
IV Percentile	91.7%	82.5%	98.4%	92.5%	94.8%
Term Structure	-11.7%	-55.6%	39.1%	-10.1%	-38.0%
VWIV	87.3%	57.0%	125.7%	87.5%	101.3%
Bid-Ask Spread %	103.12	69.17	123.32	74.80	98.91
Gamma HHI	0.89	0.67	0.96	0.94	0.67
Net GEX	-1.1K	-1.6K	-595	-1.6K	-595
Net DEX	18.1K	685	26.3K	11.3K	16.1K
Net VEX	-310	-395	-203	-236	-395
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.20	0.59	0.51	0.41
Total Volume	127	108	174	119	116
Total OI	728.8	694	780	696	767

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
2016-02-01	$3.30	$5.00	86.8%	24.9%	49.9%	38.5%	87.5%	0.0%	-10.1%	-1.6K	11.3K	-236	0.51	74.80	N/A	N/A	79	40	145	551
2016-02-02	$3.11	$5.00	89.6%	25.7%	52.2%	40.1%	113.5%	0.0%	-43.8%	-1.0K	25.9K	-340	0.51	102.01	N/A	N/A	79	40	143	551
2016-02-03	$3.21	$5.00	85.7%	24.6%	50.7%	37.9%	84.3%	0.0%	-33.6%	-1.3K	22.0K	-301	0.57	97.42	N/A	N/A	70	40	143	551
2016-02-04	$3.29	$2.50	95.0%	18.4%	51.7%	43.1%	73.0%	0.0%	5.8%	-1.1K	18.0K	-305	0.59	99.42	N/A	N/A	68	40	144	551
2016-02-05	$3.10	$2.50	93.3%	16.5%	54.8%	42.2%	73.9%	0.0%	0.3%	-982	21.7K	-320	0.59	98.14	N/A	N/A	68	40	144	551
2016-02-08	$3.13	$2.50	118.6%	16.9%	54.6%	56.5%	57.0%	0.0%	24.6%	-1.4K	26.3K	-313	0.52	69.17	N/A	N/A	77	40	144	551
2016-02-09	$3.12	$2.50	140.9%	17.2%	54.3%	69.2%	66.6%	0.0%	13.6%	-1.2K	26.2K	-335	0.52	95.52	N/A	N/A	77	40	154	551
2016-02-10	$3.14	$2.50	72.4%	20.7%	54.2%	30.3%	64.9%	0.0%	19.2%	-1.3K	25.0K	-314	0.52	112.43	N/A	N/A	77	40	154	551
2016-02-11	$3.15	$2.50	72.9%	20.9%	53.4%	30.6%	64.5%	0.0%	7.2%	-1.2K	23.9K	-315	0.52	112.92	N/A	N/A	77	40	154	551
2016-02-12	$3.19	$2.50	76.6%	22.0%	53.0%	32.7%	69.4%	0.0%	39.1%	-1.2K	23.5K	-315	0.52	116.83	N/A	N/A	77	40	154	551
2016-02-16	$3.32	$2.50	96.1%	27.5%	54.8%	43.8%	125.5%	0.0%	-10.2%	-1.1K	19.8K	-306	0.32	114.87	N/A	N/A	92	29	154	551
2016-02-17	$3.13	$2.50	71.0%	20.3%	58.4%	29.5%	91.6%	0.0%	-8.5%	-1.1K	22.2K	-296	0.29	74.56	N/A	N/A	100	29	179	571
2016-02-18	$3.35	$2.50	97.8%	28.0%	63.0%	44.7%	125.7%	0.0%	-42.5%	-966	21.0K	-321	0.20	122.66	N/A	N/A	105	21	179	571
2016-02-19	$3.42	$2.50	91.5%	26.2%	62.9%	41.2%	79.8%	0.0%	3.5%	-1.3K	9.9K	-203	0.34	114.01	N/A	N/A	130	44	209	571
2016-02-22	$3.18	$2.50	100.8%	28.9%	68.3%	46.4%	102.7%	0.0%	-25.5%	-929	685	-278	0.31	123.32	N/A	N/A	111	34	230	537
2016-02-23	$2.96	$2.50	88.8%	25.5%	72.7%	39.6%	87.8%	0.0%	-24.5%	-1.1K	16.1K	-349	0.31	117.94	N/A	N/A	111	34	230	537
2016-02-24	$3.12	$2.50	92.9%	26.6%	71.1%	42.0%	85.7%	0.0%	-28.0%	-1.3K	12.0K	-323	0.31	100.61	N/A	N/A	111	34	230	537
2016-02-25	$3.18	$2.50	102.3%	29.3%	69.8%	47.3%	99.1%	0.0%	-55.6%	-1.1K	9.9K	-315	0.31	119.09	N/A	N/A	111	34	230	537
2016-02-26	$3.04	$2.50	79.9%	22.9%	69.1%	34.6%	91.9%	0.0%	-27.6%	-1.0K	10.9K	-325	0.31	97.66	N/A	N/A	111	34	230	537
2016-02-29	$3.35	$2.50	101.4%	29.1%	76.6%	46.8%	101.3%	0.0%	-38.0%	-595	16.1K	-395	0.41	98.91	N/A	N/A	82	34	230	537