HLIT Options History — July 2016

In July 2016, HLIT traded between $2.76 and $3.31. ATM implied volatility averaged 91.2%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 20.0%. IV traded above realized volatility by 30.6% (HV 20d: 60.6%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.45.

Notable Days

2016-07-01: Highest Volume — 238 contracts
2016-07-08: Largest IV spike — 66.9% change
2016-07-11: Highest IV Rank — 73.8%
2016-07-01: Largest Expected Move — 26.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.08	$2.76	$3.31	$3.01	$3.29
Max Pain	$4.50	$2.50	$5.00	$2.50	$5.00
ATM IV	91.2%	54.7%	171.6%	93.3%	86.5%
Expected Move	20.0%	14.1%	26.7%	26.7%	24.8%
HV 20d	60.6%	47.1%	65.8%	63.6%	47.4%
HV 60d	53.8%	51.6%	55.1%	51.6%	53.7%
IV Rank	31.9%	12.3%	73.8%	33.7%	28.9%
IV Percentile	62.4%	29.8%	99.2%	75.4%	64.3%
Term Structure	-7.1%	-56.2%	27.5%	-56.2%	-32.3%
VWIV	84.1%	73.9%	100.3%	100.3%	78.2%
Bid-Ask Spread %	73.97	17.28	125.83	67.42	33.07
Gamma HHI	0.93	0.50	1.00	1.00	0.95
Net GEX	-437	-2.3K	163	-1.2K	163
Net DEX	-16.7K	-39.9K	-3.1K	-33.8K	-5.1K
Net VEX	-36	-112	0	-57	-33
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.23	0.74	0.23	0.42
Total Volume	127.7	47	238	238	68
Total OI	774.15	338	1,215	1,215	359

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
2016-07-01	$3.01	$2.50	93.3%	26.7%	63.6%	33.7%	100.3%	0.0%	-56.2%	-1.2K	-33.8K	-57	0.23	67.42	N/A	N/A	193	45	667	548
2016-07-05	$2.82	$0.00	116.0%	17.7%	64.0%	45.4%	0.0%	0.0%	20.0%	-1.9K	-14.0K	-112	0.23	116.61	N/A	N/A	193	45	667	548
2016-07-06	$2.76	$0.00	125.8%	19.4%	63.8%	50.4%	0.0%	0.0%	-0.3%	-2.3K	-3.1K	-109	0.23	125.83	N/A	N/A	193	45	667	548
2016-07-07	$2.78	$0.00	88.9%	18.4%	63.8%	31.5%	0.0%	0.0%	27.5%	-2.0K	-24.6K	-108	0.41	84.78	N/A	N/A	110	45	667	548
2016-07-08	$2.93	$0.00	148.5%	14.1%	65.0%	62.0%	0.0%	0.0%	18.5%	-1.5K	-22.6K	-74	0.41	74.69	N/A	N/A	110	45	666	548
2016-07-11	$3.01	$0.00	171.6%	20.5%	65.2%	73.8%	0.0%	0.0%	-4.5%	-49	-37.7K	-15	0.26	118.02	N/A	N/A	170	45	641	548
2016-07-12	$3.16	$0.00	162.6%	20.2%	64.7%	69.2%	0.0%	0.0%	10.0%	-55	-39.9K	-14	0.26	116.04	N/A	N/A	170	45	641	548
2016-07-13	$3.12	$0.00	77.5%	22.2%	65.1%	25.7%	0.0%	0.0%	-5.7%	-33	-39.2K	-15	0.26	116.59	N/A	N/A	170	45	641	548
2016-07-14	$3.11	$0.00	74.7%	21.4%	65.2%	24.3%	0.0%	0.0%	10.9%	80	-38.9K	-27	0.41	113.83	N/A	N/A	110	45	641	548
2016-07-15	$3.11	$0.00	71.5%	20.5%	64.3%	22.6%	0.0%	0.0%	3.6%	-46	-39.1K	-15	0.41	102.50	N/A	N/A	110	45	641	548
2016-07-18	$3.09	$0.00	80.4%	23.0%	63.6%	26.2%	0.0%	0.0%	-14.6%	0	-5.2K	0	0.74	115.54	N/A	N/A	27	20	318	20
2016-07-19	$2.98	$0.00	54.7%	15.7%	64.7%	12.3%	0.0%	0.0%	-11.7%	107	-3.1K	-35	0.74	23.22	N/A	N/A	27	20	318	20
2016-07-20	$3.07	$0.00	55.8%	16.0%	65.4%	12.8%	0.0%	0.0%	-17.9%	63	-3.1K	-26	0.74	72.28	N/A	N/A	27	20	318	20
2016-07-21	$3.14	$0.00	62.8%	18.0%	65.8%	16.5%	0.0%	0.0%	-4.8%	0	-5.3K	0	0.74	31.21	N/A	N/A	27	20	318	20
2016-07-22	$3.15	$0.00	58.1%	16.7%	63.8%	14.0%	0.0%	0.0%	-11.6%	-1	-3.5K	-16	0.74	19.09	N/A	N/A	27	20	318	20
2016-07-25	$3.16	$0.00	61.2%	17.5%	54.5%	15.6%	0.0%	0.0%	-6.6%	-39	-3.8K	-14	0.42	25.41	N/A	N/A	48	20	318	20
2016-07-26	$3.23	$5.00	74.3%	21.3%	48.5%	22.5%	0.0%	0.0%	-6.5%	-47	-4.3K	-13	0.42	72.54	N/A	N/A	48	20	339	20
2016-07-27	$3.31	$5.00	86.7%	24.9%	47.1%	29.0%	73.9%	0.0%	-31.8%	-33	-4.1K	-15	0.42	33.49	N/A	N/A	48	20	339	20
2016-07-28	$3.29	$5.00	72.8%	20.9%	47.4%	21.7%	0.0%	0.0%	-27.0%	62	-4.4K	-22	0.42	17.28	N/A	N/A	48	20	339	20
2016-07-29	$3.29	$5.00	86.5%	24.8%	47.4%	28.9%	78.2%	0.0%	-32.3%	163	-5.1K	-33	0.42	33.07	N/A	N/A	48	20	339	20