HLIT Options History — January 2018

In January 2018, HLIT traded between $3.65 and $4.25. ATM implied volatility averaged 69.5%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 19.1% (HV 20d: 50.4%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.95.

Notable Days

2018-01-10: Highest Volume — 605 contracts
2018-01-03: Largest IV spike — 76.8% change
2018-01-30: Highest IV Rank — 82.3%
2018-01-30: Largest Expected Move — 33.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.92	$3.65	$4.25	$4.25	$3.68
Max Pain	$4.76	$2.50	$5.00	$2.50	$5.00
ATM IV	69.5%	38.8%	116.1%	48.3%	97.1%
Expected Move	18.9%	11.1%	33.3%	13.8%	27.8%
HV 20d	50.4%	34.9%	54.0%	34.9%	52.2%
HV 60d	66.3%	47.9%	70.4%	67.0%	48.0%
IV Rank	38.6%	9.8%	82.3%	18.7%	64.5%
IV Percentile	62.1%	6.0%	98.4%	32.1%	94.4%
Term Structure	-5.3%	-52.1%	22.3%	20.7%	-0.5%
VWIV	60.0%	35.2%	128.4%	61.6%	128.4%
Bid-Ask Spread %	71.43	11.42	99.43	54.58	92.10
Gamma HHI	0.54	0.43	0.62	0.46	0.56
Net GEX	-687	-1.2K	-11	-251	-917
Net DEX	-25.4K	-51.4K	25.6K	-44.8K	-13.7K
Net VEX	-433	-736	-217	-471	-502
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.50	1.23	1.19	0.50
Total Volume	431.095	143	605	575	209
Total OI	1,866.333	1,439	2,147	2,074	1,505

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
2018-01-02	$4.25	$2.50	48.3%	13.8%	34.9%	18.7%	61.6%	0.0%	20.7%	-251	-44.8K	-471	1.19	54.58	N/A	N/A	262	313	550	1,524
2018-01-03	$3.90	$2.50	85.3%	24.5%	45.1%	53.4%	0.0%	0.0%	-43.9%	-1.2K	-36.1K	-323	1.23	82.56	N/A	N/A	252	311	550	1,524
2018-01-04	$4.10	$5.00	54.3%	15.2%	48.8%	24.4%	52.7%	0.0%	-0.9%	-11	-51.4K	-217	1.23	73.96	N/A	N/A	252	311	555	1,534
2018-01-05	$4.20	$5.00	59.7%	14.0%	49.1%	29.4%	35.2%	0.0%	22.3%	-388	-40.9K	-420	1.21	24.46	N/A	N/A	258	311	555	1,534
2018-01-08	$4.00	$5.00	74.7%	14.7%	51.1%	43.5%	48.3%	0.0%	12.8%	-1.1K	-29.6K	-394	1.18	97.06	N/A	N/A	263	311	549	1,534
2018-01-09	$3.95	$5.00	81.2%	12.0%	50.3%	49.6%	38.2%	0.0%	15.4%	-603	-31.3K	-382	1.18	88.84	N/A	N/A	263	311	555	1,534
2018-01-10	$3.88	$5.00	49.2%	14.1%	50.2%	19.6%	40.9%	0.0%	19.7%	-841	-22.4K	-485	1.06	27.25	N/A	N/A	294	311	555	1,534
2018-01-11	$3.98	$5.00	62.4%	17.9%	51.2%	31.9%	62.3%	0.0%	-11.0%	-108	-38.8K	-366	1.06	68.84	N/A	N/A	294	311	587	1,534
2018-01-12	$4.00	$5.00	38.8%	11.1%	51.3%	9.8%	38.4%	0.0%	12.2%	-211	-33.9K	-367	1.06	72.00	N/A	N/A	294	311	587	1,544
2018-01-16	$3.90	$5.00	44.3%	12.7%	51.8%	15.0%	43.9%	0.0%	19.6%	-975	-21.9K	-436	1.06	72.41	N/A	N/A	294	311	587	1,544
2018-01-17	$4.03	$5.00	42.8%	12.3%	53.3%	13.6%	40.7%	0.0%	10.3%	-143	-36.0K	-363	1.02	76.84	N/A	N/A	294	301	587	1,544
2018-01-18	$3.98	$5.00	45.2%	13.0%	52.9%	15.9%	43.0%	0.0%	13.1%	-757	-35.6K	-366	1.12	71.36	N/A	N/A	268	301	587	1,554
2018-01-19	$4.00	$5.00	57.2%	16.4%	51.8%	27.1%	63.5%	0.0%	-5.5%	-900	25.6K	-736	1.12	98.16	N/A	N/A	268	301	593	1,554
2018-01-22	$3.95	$5.00	46.8%	13.4%	49.5%	17.3%	56.8%	0.0%	0.1%	-791	-30.6K	-394	0.88	11.42	N/A	N/A	76	67	333	1,106
2018-01-23	$3.80	$5.00	70.2%	20.1%	51.1%	39.3%	82.1%	0.0%	-1.7%	-976	-11.9K	-493	0.92	70.30	N/A	N/A	76	70	335	1,116
2018-01-24	$3.90	$5.00	66.7%	19.1%	51.4%	36.0%	57.2%	0.0%	-41.8%	-600	-21.7K	-432	0.90	94.05	N/A	N/A	78	70	335	1,116
2018-01-25	$3.70	$5.00	103.9%	29.8%	54.0%	70.9%	127.3%	0.0%	-29.2%	-953	-11.5K	-427	0.50	31.42	N/A	N/A	139	70	327	1,116
2018-01-26	$3.65	$5.00	104.5%	30.0%	52.3%	71.5%	128.4%	0.0%	-23.5%	-1.1K	-6.4K	-599	0.50	98.34	N/A	N/A	139	70	389	1,116
2018-01-29	$3.70	$5.00	109.8%	31.5%	52.7%	76.4%	0.0%	0.0%	-52.1%	-689	-21.7K	-442	0.50	94.65	N/A	N/A	139	70	389	1,116
2018-01-30	$3.73	$5.00	116.1%	33.3%	52.6%	82.3%	0.0%	0.0%	-46.5%	-826	-19.0K	-486	0.50	99.43	N/A	N/A	139	70	389	1,116
2018-01-31	$3.68	$5.00	97.1%	27.8%	52.2%	64.5%	0.0%	0.0%	-0.5%	-917	-13.7K	-502	0.50	92.10	N/A	N/A	139	70	389	1,116