HLIT Options History — April 2016

In April 2016, HLIT traded between $3.06 and $3.60. ATM implied volatility averaged 106.3%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 22.9%. IV traded above realized volatility by 70.1% (HV 20d: 36.2%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2016-04-07: Highest Volume — 286 contracts
2016-04-13: Largest IV drop — 61.7% change
2016-04-12: Highest IV Rank — 85.0%
2016-04-22: Largest Expected Move — 30.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.34	$3.06	$3.60	$3.26	$3.48
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	106.3%	64.6%	168.9%	93.9%	95.7%
Expected Move	22.9%	14.3%	30.2%	26.9%	27.4%
HV 20d	36.2%	26.9%	44.1%	44.1%	37.7%
HV 60d	55.9%	53.1%	56.8%	56.7%	53.1%
IV Rank	49.6%	26.0%	85.0%	42.5%	43.5%
IV Percentile	86.3%	63.1%	99.2%	86.5%	84.5%
Term Structure	-26.7%	-36.1%	-11.4%	-35.5%	-35.9%
VWIV	83.2%	83.2%	83.2%	83.2%	83.2%
Bid-Ask Spread %	82.50	24.43	117.23	99.55	99.14
Gamma HHI	0.65	0.50	0.94	0.82	0.51
Net GEX	-529	-1.6K	555	-1.0K	211
Net DEX	-9.2K	-42.1K	12.3K	3.7K	-21.6K
Net VEX	-337	-569	-178	-245	-560
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.13	0.74	0.37	0.64
Total Volume	148.619	59	286	126	64
Total OI	932.143	809	1,009	809	960

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
2016-04-01	$3.26	$2.50	93.9%	26.9%	44.1%	42.5%	83.2%	0.0%	-35.5%	-1.0K	3.7K	-245	0.37	99.55	N/A	N/A	92	34	272	537
2016-04-04	$3.28	$0.00	128.1%	19.0%	41.9%	61.9%	0.0%	0.0%	-22.2%	-974	1.9K	-249	0.37	32.44	N/A	N/A	92	34	272	537
2016-04-05	$3.23	$0.00	139.4%	18.8%	42.3%	68.3%	0.0%	0.0%	-23.6%	-1.0K	2.8K	-252	0.37	35.85	N/A	N/A	92	34	272	537
2016-04-06	$3.16	$0.00	128.0%	17.7%	42.1%	61.8%	0.0%	0.0%	-16.7%	-1.4K	6.8K	-247	0.37	75.72	N/A	N/A	92	34	272	537
2016-04-07	$3.06	$0.00	127.7%	14.6%	42.1%	61.7%	0.0%	0.0%	-13.5%	-1.2K	11.6K	-273	0.13	24.43	N/A	N/A	252	34	272	537
2016-04-08	$3.10	$0.00	140.7%	14.3%	41.2%	69.0%	0.0%	0.0%	-11.4%	-1.1K	7.1K	-282	0.13	70.95	N/A	N/A	252	34	472	537
2016-04-11	$3.20	$0.00	144.9%	18.1%	41.2%	71.4%	0.0%	0.0%	-34.8%	-1.6K	-6.8K	-178	0.13	29.04	N/A	N/A	252	34	472	537
2016-04-12	$3.22	$0.00	168.9%	18.1%	39.4%	85.0%	0.0%	0.0%	-33.7%	-743	-15.0K	-428	0.13	99.28	N/A	N/A	252	34	472	537
2016-04-13	$3.30	$0.00	64.6%	18.5%	32.4%	26.0%	0.0%	0.0%	-20.3%	-723	-2.1K	-296	0.13	31.71	N/A	N/A	252	34	472	537
2016-04-14	$3.30	$0.00	65.0%	18.6%	32.0%	26.1%	0.0%	0.0%	-34.8%	-806	-2.2K	-250	0.13	31.84	N/A	N/A	252	34	472	537
2016-04-15	$3.32	$0.00	78.5%	22.5%	30.9%	33.8%	0.0%	0.0%	-20.4%	-450	-18.3K	-180	0.13	114.89	N/A	N/A	252	34	472	537
2016-04-18	$3.34	$0.00	71.2%	20.4%	28.1%	29.7%	0.0%	0.0%	-23.4%	555	-42.1K	-212	0.74	76.50	N/A	N/A	34	25	408	528
2016-04-19	$3.35	$0.00	91.0%	26.1%	27.4%	40.9%	0.0%	0.0%	-23.8%	-524	-25.3K	-408	0.74	117.23	N/A	N/A	34	25	412	528
2016-04-20	$3.33	$0.00	93.5%	26.8%	26.9%	42.3%	0.0%	0.0%	-25.5%	-171	12.3K	-408	0.74	116.43	N/A	N/A	34	25	412	528
2016-04-21	$3.47	$0.00	96.6%	27.7%	29.8%	44.0%	0.0%	0.0%	-25.8%	-260	-12.0K	-506	0.74	115.51	N/A	N/A	34	25	412	528
2016-04-22	$3.60	$0.00	105.2%	30.2%	32.0%	48.9%	0.0%	0.0%	-29.6%	-80	-33.4K	-394	0.74	114.03	N/A	N/A	34	25	412	528
2016-04-25	$3.43	$0.00	101.6%	29.1%	36.9%	46.9%	0.0%	0.0%	-32.5%	-385	-9.6K	-278	0.64	116.42	N/A	N/A	39	25	412	528
2016-04-26	$3.57	$0.00	105.0%	30.1%	37.6%	48.8%	0.0%	0.0%	-29.8%	-40	-23.6K	-374	0.64	116.02	N/A	N/A	39	25	432	528
2016-04-27	$3.55	$0.00	103.0%	29.5%	37.7%	47.7%	0.0%	0.0%	-32.1%	327	-23.0K	-569	0.64	115.36	N/A	N/A	39	25	432	528
2016-04-28	$3.51	$0.00	90.5%	25.9%	37.5%	40.6%	0.0%	0.0%	-36.1%	388	-4.7K	-482	0.64	100.12	N/A	N/A	39	25	432	528
2016-04-29	$3.48	$0.00	95.7%	27.4%	37.7%	43.5%	0.0%	0.0%	-35.9%	211	-21.6K	-560	0.64	99.14	N/A	N/A	39	25	432	528