HLIT Options History — March 2017

In March 2017, HLIT traded between $5.50 and $6.05. ATM implied volatility averaged 61.8%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 11.0% (HV 20d: 50.8%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 5.55.

Notable Days

2017-03-02: Highest Volume — 1,523 contracts
2017-03-13: Largest IV spike — 63.7% change
2017-03-13: Highest IV Rank — 45.3%
2017-03-01: Largest Expected Move — 23.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.84	$5.50	$6.05	$5.85	$5.98
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	61.8%	40.7%	118.2%	82.3%	45.2%
Expected Move	15.3%	11.7%	23.6%	23.6%	13.0%
HV 20d	50.8%	34.4%	61.3%	61.3%	34.6%
HV 60d	45.2%	42.9%	50.5%	50.5%	42.9%
IV Rank	15.9%	4.9%	45.3%	26.7%	7.3%
IV Percentile	34.6%	0.8%	92.1%	70.2%	4.4%
Term Structure	2.1%	-21.1%	20.2%	-21.1%	1.1%
VWIV	53.7%	39.4%	68.2%	60.7%	45.0%
Bid-Ask Spread %	74.46	27.84	104.63	32.47	67.52
Gamma HHI	0.76	0.53	0.92	0.79	0.53
Net GEX	-5.7K	-16.4K	496	-4.0K	-1.1K
Net DEX	-747.3K	-1.1M	-547.4K	-1.1M	-701.0K
Net VEX	-761	-1.2K	-261	-959	-261
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.55	2.66	9.43	8.06	3.10
Total Volume	951.478	486	1,523	1,323	496
Total OI	3,778.391	2,997	4,748	4,401	2,997

Daily Data (23 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
2017-03-01	$5.85	$5.00	82.3%	23.6%	61.3%	26.7%	0.0%	0.0%	-21.1%	-4.0K	-1.1M	-959	8.06	32.47	N/A	N/A	146	1,177	2,210	2,191
2017-03-02	$5.90	$5.00	57.0%	16.3%	59.4%	13.4%	60.7%	0.0%	-4.2%	-5.4K	-983.9K	-1.1K	9.43	98.69	N/A	N/A	146	1,377	2,205	2,191
2017-03-03	$5.84	$5.00	65.2%	18.7%	58.1%	17.7%	68.2%	0.0%	-19.2%	-6.2K	-1.0M	-1.0K	9.24	82.52	N/A	N/A	120	1,109	2,205	2,391
2017-03-06	$6.05	$5.00	67.3%	15.3%	53.0%	18.8%	57.8%	0.0%	-6.6%	-5.1K	-1.0M	-1.2K	6.45	101.23	N/A	N/A	172	1,109	2,182	2,566
2017-03-07	$6.00	$5.00	68.9%	15.6%	50.7%	19.6%	59.5%	0.0%	9.9%	-7.0K	-783.3K	-986	6.89	80.01	N/A	N/A	161	1,109	1,716	2,566
2017-03-08	$5.98	$5.00	78.8%	15.8%	50.4%	24.8%	60.3%	0.0%	13.2%	-7.5K	-756.2K	-1.1K	5.90	80.15	N/A	N/A	188	1,109	1,709	2,566
2017-03-09	$5.93	$5.00	76.6%	15.1%	50.7%	23.7%	57.7%	0.0%	13.5%	-9.4K	-787.8K	-852	2.72	48.56	N/A	N/A	408	1,109	1,709	2,566
2017-03-10	$5.90	$5.00	72.2%	15.8%	50.2%	21.4%	58.0%	0.0%	6.9%	-6.3K	-634.3K	-1.2K	7.11	73.98	N/A	N/A	156	1,109	1,653	2,566
2017-03-13	$5.80	$5.00	118.2%	17.5%	49.5%	45.3%	61.6%	0.0%	-3.1%	-5.7K	-692.1K	-994	7.81	96.59	N/A	N/A	142	1,109	1,656	2,566
2017-03-14	$5.50	$5.00	98.1%	15.3%	53.0%	34.9%	57.3%	0.0%	8.6%	-16.4K	-547.4K	-1.2K	8.09	87.36	N/A	N/A	137	1,109	1,653	2,566
2017-03-15	$5.70	$5.00	48.6%	13.9%	52.5%	9.1%	54.1%	0.0%	10.4%	-7.2K	-676.9K	-916	8.53	76.97	N/A	N/A	129	1,100	1,653	2,566
2017-03-16	$5.78	$5.00	59.4%	17.0%	52.7%	14.7%	49.1%	0.0%	6.1%	496	-829.0K	-262	8.53	104.63	N/A	N/A	129	1,100	1,653	2,567
2017-03-17	$5.75	$5.00	49.8%	14.3%	52.8%	9.7%	55.0%	0.0%	4.0%	-8.8K	-721.3K	-760	8.53	79.16	N/A	N/A	129	1,100	1,653	2,567
2017-03-20	$5.83	$5.00	53.1%	15.2%	52.8%	11.4%	58.9%	0.0%	20.2%	-6.6K	-669.7K	-793	3.26	43.34	N/A	N/A	115	375	1,557	1,602
2017-03-21	$5.70	$5.00	42.5%	12.2%	53.0%	5.8%	39.4%	0.0%	11.1%	-6.4K	-665.5K	-652	3.38	66.42	N/A	N/A	111	375	1,521	1,602
2017-03-22	$5.68	$5.00	63.1%	18.1%	53.0%	16.6%	63.1%	0.0%	-5.5%	-7.2K	-570.4K	-904	3.02	98.64	N/A	N/A	124	375	1,520	1,602
2017-03-23	$5.83	$5.00	40.7%	11.7%	53.2%	4.9%	40.7%	0.0%	11.6%	-3.8K	-719.6K	-405	2.98	95.40	N/A	N/A	126	375	1,516	1,602
2017-03-24	$5.95	$5.00	42.8%	12.3%	53.5%	6.0%	42.8%	0.0%	0.0%	-2.3K	-749.2K	-322	2.66	29.27	N/A	N/A	141	375	1,502	1,602
2017-03-27	$5.83	$5.00	46.4%	13.3%	54.2%	7.9%	46.4%	0.0%	5.4%	-4.0K	-650.3K	-426	2.66	27.84	N/A	N/A	141	375	1,395	1,602
2017-03-28	$5.75	$5.00	49.3%	14.1%	51.4%	9.4%	49.3%	0.0%	1.6%	-5.5K	-618.8K	-508	2.91	76.66	N/A	N/A	129	375	1,395	1,602
2017-03-29	$5.85	$5.00	47.6%	13.7%	34.4%	8.5%	47.6%	0.0%	-7.8%	-3.5K	-655.7K	-420	3.18	70.93	N/A	N/A	118	375	1,395	1,602
2017-03-30	$5.95	$5.00	48.3%	13.8%	34.8%	8.9%	48.3%	0.0%	-7.2%	-1.9K	-689.9K	-263	3.15	94.23	N/A	N/A	119	375	1,395	1,602
2017-03-31	$5.98	$5.00	45.2%	13.0%	34.6%	7.3%	45.0%	0.0%	1.1%	-1.1K	-701.0K	-261	3.10	67.52	N/A	N/A	121	375	1,395	1,602