HLIT Options History — April 2017

In April 2017, HLIT traded between $5.45 and $6.00. ATM implied volatility averaged 56.8%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded above realized volatility by 20.7% (HV 20d: 36.0%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 3.78.

Notable Days

2017-04-28: Highest Volume — 747 contracts
2017-04-26: Largest IV drop — 32.7% change
2017-04-25: Highest IV Rank — 18.9%
2017-04-25: Largest Expected Move — 19.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.65	$5.45	$6.00	$5.75	$5.85
Max Pain	$7.11	$5.00	$7.50	$5.00	$7.50
ATM IV	56.8%	45.4%	67.4%	57.0%	59.4%
Expected Move	16.6%	13.0%	19.3%	16.3%	17.0%
HV 20d	36.0%	32.2%	41.4%	35.0%	37.0%
HV 60d	44.6%	43.5%	45.4%	43.7%	44.8%
IV Rank	13.3%	7.4%	18.9%	13.4%	14.7%
IV Percentile	33.4%	5.2%	63.1%	31.3%	46.4%
Term Structure	-2.4%	-25.4%	16.2%	-25.4%	-4.4%
VWIV	47.6%	38.4%	58.1%	58.1%	55.8%
Bid-Ask Spread %	44.79	20.53	74.61	67.62	45.82
Gamma HHI	0.72	0.50	0.89	0.79	0.52
Net GEX	-3.9K	-10.9K	563	-5.1K	360
Net DEX	-454.5K	-656.8K	-35.1K	-629.9K	-36.9K
Net VEX	-315	-626	-134	-429	-134
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.78	0.39	5.21	3.99	0.39
Total Volume	440.579	255	747	469	747
Total OI	2,333.368	431	3,018	2,997	436

Daily Data (19 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
2017-04-03	$5.75	$5.00	57.0%	16.3%	35.0%	13.4%	58.1%	0.0%	-25.4%	-5.1K	-629.9K	-429	3.99	67.62	N/A	N/A	94	375	1,395	1,602
2017-04-04	$5.83	$5.00	56.3%	16.1%	35.4%	13.0%	57.0%	0.0%	-19.4%	-3.6K	-652.0K	-378	3.99	29.74	N/A	N/A	94	375	1,394	1,602
2017-04-05	$5.50	$5.00	55.3%	15.9%	40.7%	12.5%	55.0%	0.0%	5.2%	-9.7K	-538.5K	-588	3.29	74.61	N/A	N/A	114	375	1,394	1,602
2017-04-06	$5.53	$7.50	56.5%	17.3%	40.8%	13.1%	47.9%	0.0%	-2.8%	-9.2K	-547.8K	-565	3.61	58.97	N/A	N/A	104	375	1,414	1,602
2017-04-07	$5.45	$7.50	60.4%	17.5%	41.0%	15.2%	43.8%	0.0%	1.9%	-10.9K	-503.8K	-626	3.64	39.01	N/A	N/A	103	375	1,414	1,602
2017-04-10	$5.55	$7.50	53.3%	17.9%	41.4%	11.5%	44.0%	0.0%	-5.5%	-6.8K	-599.2K	-370	3.61	26.79	N/A	N/A	104	375	1,413	1,602
2017-04-11	$5.60	$7.50	57.6%	18.8%	36.9%	13.8%	38.4%	0.0%	-12.3%	-5.6K	-613.8K	-344	3.68	35.08	N/A	N/A	102	375	1,411	1,602
2017-04-12	$5.53	$7.50	59.0%	16.9%	34.8%	14.5%	45.7%	0.0%	-7.8%	-7.6K	-588.9K	-387	3.68	58.01	N/A	N/A	102	375	1,411	1,602
2017-04-13	$5.45	$7.50	58.2%	16.7%	34.6%	14.1%	42.6%	0.0%	1.1%	-9.5K	-567.8K	-389	3.87	38.82	N/A	N/A	97	375	1,411	1,602
2017-04-17	$5.53	$7.50	62.8%	18.0%	35.1%	16.5%	50.6%	0.0%	-21.6%	-5.3K	-614.9K	-256	3.87	36.04	N/A	N/A	97	375	1,411	1,602
2017-04-18	$5.58	$7.50	60.7%	17.4%	34.9%	15.4%	45.0%	0.0%	0.7%	-4.3K	-626.2K	-251	4.26	32.44	N/A	N/A	88	375	1,416	1,602
2017-04-19	$5.63	$7.50	52.4%	15.0%	34.2%	11.0%	42.6%	0.0%	10.2%	391	-656.7K	-196	5.14	43.19	N/A	N/A	73	375	1,416	1,602
2017-04-20	$5.63	$7.50	56.8%	16.3%	34.2%	13.3%	44.3%	0.0%	11.3%	396	-656.8K	-184	5.21	34.45	N/A	N/A	72	375	1,416	1,602
2017-04-21	$5.63	$7.50	52.1%	14.9%	32.8%	10.9%	45.1%	0.0%	11.7%	391	-656.7K	-195	3.54	67.06	N/A	N/A	106	375	1,416	1,602
2017-04-24	$5.75	$7.50	53.4%	15.3%	32.8%	11.5%	48.1%	0.0%	16.2%	305	-35.3K	-153	3.80	35.98	N/A	N/A	54	205	210	221
2017-04-25	$5.80	$7.50	67.4%	19.3%	32.2%	18.9%	0.0%	0.0%	4.8%	433	-35.1K	-181	4.10	46.23	N/A	N/A	50	205	210	225
2017-04-26	$6.00	$7.50	45.4%	13.0%	34.0%	7.4%	45.0%	0.0%	8.6%	521	-39.3K	-167	4.10	20.53	N/A	N/A	50	205	211	225
2017-04-27	$5.75	$7.50	54.5%	15.6%	37.0%	12.1%	55.8%	0.0%	-17.2%	563	-36.3K	-198	4.10	60.58	N/A	N/A	50	205	211	225
2017-04-28	$5.85	$7.50	59.4%	17.0%	37.0%	14.7%	0.0%	0.0%	-4.4%	360	-36.9K	-134	0.39	45.82	N/A	N/A	536	211	211	225