HLIT Options History — March 2018

In March 2018, HLIT traded between $3.48 and $3.93. ATM implied volatility averaged 88.2%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 21.0%. IV traded above realized volatility by 21.5% (HV 20d: 66.7%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 2.97.

Notable Days

2018-03-06: Highest Volume — 462 contracts
2018-03-06: Largest IV spike — 53.1% change
2018-03-07: Highest IV Rank — 100.0%
2018-03-01: Largest Expected Move — 35.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.75	$3.48	$3.93	$3.50	$3.85
Max Pain	$3.45	$2.50	$5.00	$2.50	$5.00
ATM IV	88.2%	52.9%	164.7%	125.2%	66.6%
Expected Move	21.0%	15.2%	35.9%	35.9%	19.1%
HV 20d	66.7%	44.2%	73.9%	73.9%	44.2%
HV 60d	56.9%	54.9%	58.6%	55.5%	57.7%
IV Rank	47.6%	18.0%	100.0%	89.0%	28.1%
IV Percentile	76.2%	42.5%	100.0%	98.8%	65.9%
Term Structure	-21.8%	-67.7%	36.2%	-59.9%	7.5%
VWIV	76.0%	56.2%	121.7%	121.7%	88.6%
Bid-Ask Spread %	69.22	21.91	115.03	100.59	67.31
Gamma HHI	0.63	0.45	0.84	0.63	0.46
Net GEX	-791	-1.9K	75	-1.7K	1
Net DEX	27.1K	-29.9K	50.7K	8.7K	45.3K
Net VEX	-515	-643	-404	-594	-445
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.97	0.86	3.94	0.86	3.34
Total Volume	380.619	262	462	262	347
Total OI	2,011.048	1,845	2,081	1,845	2,079

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
2018-03-01	$3.50	$2.50	125.2%	35.9%	73.9%	89.0%	121.7%	0.0%	-59.9%	-1.7K	8.7K	-594	0.86	100.59	N/A	N/A	141	121	474	1,371
2018-03-02	$3.48	$2.50	117.6%	33.7%	73.9%	82.0%	111.9%	0.0%	-67.7%	-1.0K	-12.5K	-433	0.86	96.69	N/A	N/A	141	121	474	1,387
2018-03-05	$3.65	$2.50	89.5%	24.3%	73.0%	56.1%	68.1%	0.0%	-26.0%	-1.4K	6	-643	0.86	22.60	N/A	N/A	141	121	474	1,387
2018-03-06	$3.75	$2.50	136.9%	20.1%	73.5%	99.7%	58.5%	0.0%	-35.7%	-207	-29.9K	-404	2.28	71.87	N/A	N/A	141	321	474	1,387
2018-03-07	$3.70	$2.50	150.2%	18.8%	73.6%	100.0%	56.2%	0.0%	-19.0%	-949	25.3K	-565	2.28	23.52	N/A	N/A	141	321	474	1,587
2018-03-08	$3.70	$2.50	164.7%	20.2%	73.6%	100.0%	60.9%	0.0%	-32.3%	-1.1K	26.5K	-577	2.28	27.56	N/A	N/A	141	321	474	1,587
2018-03-09	$3.58	$2.50	135.0%	20.0%	63.6%	78.2%	63.3%	0.0%	-37.7%	-1.5K	30.2K	-599	2.28	97.37	N/A	N/A	141	321	474	1,587
2018-03-12	$3.73	$2.50	72.4%	20.8%	64.8%	32.3%	64.9%	0.0%	-33.9%	-970	24.5K	-569	3.91	28.75	N/A	N/A	82	321	474	1,587
2018-03-13	$3.80	$2.50	61.8%	17.7%	64.9%	24.6%	66.9%	0.0%	1.4%	-913	27.2K	-514	3.91	70.39	N/A	N/A	82	321	474	1,587
2018-03-14	$3.70	$2.50	65.4%	18.7%	65.8%	27.2%	56.7%	0.0%	-28.8%	-856	30.7K	-457	3.91	21.91	N/A	N/A	82	321	474	1,587
2018-03-15	$3.60	$2.50	92.4%	26.5%	66.8%	47.0%	90.4%	0.0%	-41.3%	-1.9K	50.7K	-591	3.91	66.39	N/A	N/A	82	321	474	1,587
2018-03-16	$3.85	$2.50	52.9%	15.2%	69.3%	18.0%	66.8%	0.0%	13.4%	-605	17.0K	-519	3.91	73.31	N/A	N/A	82	321	474	1,587
2018-03-19	$3.93	$2.50	64.1%	18.4%	63.6%	26.2%	69.7%	0.0%	-12.5%	-655	19.1K	-516	3.94	96.29	N/A	N/A	79	311	471	1,577
2018-03-20	$3.85	$5.00	63.3%	18.2%	64.6%	25.7%	66.8%	0.0%	-11.9%	-637	43.1K	-503	3.94	68.75	N/A	N/A	79	311	411	1,577
2018-03-21	$3.83	$5.00	67.1%	19.2%	64.8%	28.4%	71.1%	0.0%	-29.0%	-939	48.0K	-501	3.94	69.92	N/A	N/A	79	311	411	1,577
2018-03-22	$3.90	$5.00	56.8%	16.3%	63.9%	20.9%	64.6%	0.0%	11.5%	-496	42.1K	-488	3.94	68.20	N/A	N/A	79	311	411	1,577
2018-03-23	$3.80	$5.00	68.7%	19.7%	65.4%	29.6%	70.8%	0.0%	-31.2%	-949	46.1K	-495	2.09	96.81	N/A	N/A	128	267	411	1,577
2018-03-26	$3.86	$5.00	63.5%	18.2%	65.3%	25.8%	77.6%	0.0%	-18.4%	16	46.0K	-454	3.26	71.68	N/A	N/A	82	267	461	1,615
2018-03-27	$3.80	$5.00	77.7%	22.3%	65.9%	36.2%	95.7%	0.0%	-42.4%	75	38.2K	-478	3.38	115.03	N/A	N/A	79	267	465	1,615
2018-03-28	$3.88	$5.00	60.8%	17.4%	66.0%	23.8%	104.0%	0.0%	36.2%	-21	43.3K	-478	3.34	98.62	N/A	N/A	80	267	466	1,615
2018-03-29	$3.85	$5.00	66.6%	19.1%	44.2%	28.1%	88.6%	0.0%	7.5%	1	45.3K	-445	3.34	67.31	N/A	N/A	80	267	464	1,615