HLIT Options History — January 2017

In January 2017, HLIT traded between $4.93 and $5.33. ATM implied volatility averaged 61.7%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 24.1% (HV 20d: 37.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.12.

Notable Days

2017-01-20: Highest Volume — 1,116 contracts
2017-01-25: Largest IV spike — 24.7% change
2017-01-20: Highest IV Rank — 20.4%
2017-01-20: Largest Expected Move — 20.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.13	$4.93	$5.33	$5.23	$5.23
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	61.7%	45.8%	70.5%	59.4%	58.4%
Expected Move	16.9%	13.1%	20.2%	17.0%	16.8%
HV 20d	37.5%	29.2%	57.2%	56.2%	31.3%
HV 60d	61.0%	59.7%	61.8%	61.5%	59.8%
IV Rank	15.9%	7.6%	20.4%	14.7%	14.2%
IV Percentile	31.8%	3.6%	48.4%	29.0%	29.8%
Term Structure	-0.5%	-16.8%	19.7%	4.0%	7.4%
VWIV	58.2%	45.8%	70.4%	55.7%	51.2%
Bid-Ask Spread %	86.42	42.01	109.82	103.49	42.01
Gamma HHI	0.80	0.52	0.96	0.80	0.96
Net GEX	-3.1K	-34.0K	8.6K	7.1K	-34.0K
Net DEX	-648.9K	-978.6K	-258.9K	-877.2K	-356.0K
Net VEX	-1.3K	-1.9K	-889	-1.1K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.12	0.49	7.99	0.51	5.07
Total Volume	699.9	256	1,116	575	844
Total OI	3,687.85	2,891	4,560	3,615	3,949

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
2017-01-03	$5.23	$5.00	59.4%	17.0%	56.2%	14.7%	55.7%	0.0%	4.0%	7.1K	-877.2K	-1.1K	0.51	103.49	N/A	N/A	381	194	2,808	807
2017-01-04	$5.05	$5.00	65.2%	18.7%	57.2%	17.7%	65.2%	0.0%	-7.5%	6.1K	-772.9K	-1.4K	0.51	101.08	N/A	N/A	379	194	2,812	807
2017-01-05	$5.05	$0.00	70.2%	14.5%	45.4%	20.3%	0.0%	0.0%	6.6%	6.2K	-772.1K	-1.3K	0.50	88.71	N/A	N/A	387	194	2,809	807
2017-01-06	$4.93	$0.00	63.1%	16.5%	45.9%	16.6%	0.0%	0.0%	-4.5%	6.3K	-685.5K	-1.3K	0.53	96.88	N/A	N/A	365	194	2,819	807
2017-01-09	$4.95	$0.00	68.0%	14.9%	45.9%	19.1%	0.0%	0.0%	5.6%	6.4K	-694.5K	-1.3K	0.53	102.92	N/A	N/A	369	194	2,818	807
2017-01-10	$5.00	$0.00	67.7%	15.1%	46.1%	19.0%	0.0%	0.0%	1.1%	6.7K	-724.9K	-1.2K	0.53	99.20	N/A	N/A	366	194	2,807	807
2017-01-11	$5.08	$0.00	60.6%	17.4%	44.2%	15.3%	0.0%	0.0%	-8.0%	7.7K	-765.5K	-1.1K	0.53	101.19	N/A	N/A	364	194	2,807	807
2017-01-12	$5.10	$0.00	58.2%	16.7%	40.5%	14.1%	0.0%	0.0%	-0.9%	7.6K	-785.8K	-1.1K	0.49	109.82	N/A	N/A	397	194	2,802	807
2017-01-13	$5.28	$0.00	65.0%	18.6%	33.3%	17.6%	0.0%	0.0%	-7.2%	7.7K	-978.6K	-894	0.53	107.17	N/A	N/A	369	194	2,772	807
2017-01-17	$5.15	$0.00	66.4%	19.0%	32.5%	18.3%	66.0%	0.0%	-16.8%	8.6K	-857.9K	-889	1.82	101.33	N/A	N/A	381	694	2,770	807
2017-01-18	$5.05	$5.00	63.0%	18.1%	31.5%	16.6%	57.1%	0.0%	-11.4%	5.1K	-654.5K	-1.2K	1.87	100.88	N/A	N/A	372	694	2,758	1,307
2017-01-19	$5.10	$5.00	67.7%	19.4%	30.5%	19.0%	67.7%	0.0%	-10.9%	-995	-612.4K	-1.4K	1.74	99.70	N/A	N/A	403	702	2,753	1,807
2017-01-20	$5.16	$5.00	70.5%	20.2%	30.0%	20.4%	70.4%	0.0%	-15.1%	-7.5K	-826.1K	-1.2K	1.70	86.13	N/A	N/A	414	702	2,725	1,799
2017-01-23	$5.20	$5.00	53.4%	15.3%	30.2%	11.6%	53.4%	0.0%	15.2%	-11.3K	-500.1K	-1.1K	2.32	61.22	N/A	N/A	77	179	1,628	1,263
2017-01-24	$5.30	$5.00	45.8%	13.1%	29.4%	7.6%	45.8%	0.0%	19.7%	-15.7K	-558.8K	-1.0K	7.99	80.36	N/A	N/A	85	679	1,628	1,263
2017-01-25	$5.33	$5.00	57.0%	16.4%	29.2%	13.5%	56.1%	0.0%	5.0%	-14.8K	-499.3K	-1.4K	1.54	73.01	N/A	N/A	136	209	1,628	1,763
2017-01-26	$5.20	$5.00	51.2%	14.7%	30.6%	10.4%	46.1%	0.0%	12.3%	-14.5K	-478.6K	-1.5K	3.49	73.90	N/A	N/A	138	481	1,697	1,793
2017-01-27	$5.18	$5.00	58.7%	16.8%	30.4%	14.3%	58.4%	0.0%	-2.2%	-19.1K	-317.9K	-1.9K	5.11	44.74	N/A	N/A	138	705	1,697	2,254
2017-01-30	$5.10	$5.00	63.7%	18.3%	30.1%	16.9%	63.5%	0.0%	-2.4%	-19.0K	-258.9K	-1.9K	5.15	54.70	N/A	N/A	137	705	1,697	2,254
2017-01-31	$5.23	$5.00	58.4%	16.8%	31.3%	14.2%	51.2%	0.0%	7.4%	-34.0K	-356.0K	-1.8K	5.07	42.01	N/A	N/A	139	705	1,695	2,254