HLIT Options History — December 2018

In December 2018, HLIT traded between $4.55 and $5.87. ATM implied volatility averaged 40.3%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 9.0% (HV 20d: 49.3%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.74.

Notable Days

2018-12-03: Highest Volume — 233 contracts
2018-12-06: Largest IV spike — 42.1% change
2018-12-06: Highest IV Rank — 17.6%
2018-12-17: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.08	$4.55	$5.87	$5.87	$4.70
Max Pain	$4.63	$2.50	$5.00	$2.50	$5.00
ATM IV	40.3%	28.3%	51.1%	38.6%	38.8%
Expected Move	11.4%	8.1%	14.5%	11.1%	11.1%
HV 20d	49.3%	43.7%	54.6%	43.7%	45.0%
HV 60d	44.6%	40.4%	46.0%	40.4%	45.0%
IV Rank	9.8%	1.1%	17.6%	8.5%	8.7%
IV Percentile	25.6%	0.8%	47.6%	21.4%	23.8%
Term Structure	6.6%	-22.8%	25.0%	-13.6%	17.3%
VWIV	39.6%	24.8%	50.6%	30.0%	31.7%
Bid-Ask Spread %	54.82	17.29	90.82	77.16	70.90
Gamma HHI	0.58	0.49	0.66	0.49	0.62
Net GEX	3.9K	2.3K	7.4K	7.4K	2.8K
Net DEX	-107.6K	-351.3K	25.5K	-351.3K	-9.9K
Net VEX	-626	-896	-429	-896	-470
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.00	8.00	0.00	0.00
Total Volume	41.2	0	233	233	6
Total OI	1,556.25	1,461	1,741	1,741	1,467

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
2018-12-03	$5.87	$2.50	38.6%	11.1%	43.7%	8.5%	0.0%	0.0%	-13.6%	7.4K	-351.3K	-896	0.00	77.16	N/A	N/A	233	0	1,440	301
2018-12-04	$5.47	$2.50	35.4%	10.2%	49.3%	6.2%	0.0%	0.0%	1.5%	4.9K	-203.4K	-768	0.02	17.29	N/A	N/A	48	1	1,285	301
2018-12-05	$5.49	$2.50	35.9%	10.3%	49.2%	6.6%	0.0%	0.0%	5.9%	3.9K	-184.5K	-621	0.02	23.58	N/A	N/A	48	1	1,285	301
2018-12-06	$5.42	$5.00	51.1%	12.6%	49.2%	17.6%	0.0%	0.0%	7.6%	4.6K	-176.0K	-760	0.00	79.19	N/A	N/A	0	0	1,257	301
2018-12-07	$5.38	$5.00	41.8%	9.9%	49.0%	10.9%	30.0%	0.0%	20.4%	4.4K	-172.9K	-725	0.02	79.21	N/A	N/A	48	1	1,257	301
2018-12-10	$5.16	$5.00	41.2%	14.3%	50.7%	10.4%	49.8%	0.0%	3.9%	4.4K	-129.3K	-750	0.00	25.77	N/A	N/A	13	0	1,257	301
2018-12-11	$5.36	$5.00	42.3%	10.1%	53.1%	11.3%	39.7%	0.0%	10.4%	4.4K	-168.1K	-671	0.00	65.86	N/A	N/A	19	0	1,263	301
2018-12-12	$5.45	$5.00	37.8%	10.8%	53.1%	8.0%	46.3%	0.0%	3.0%	4.8K	-197.9K	-774	0.00	90.82	N/A	N/A	53	0	1,293	301
2018-12-13	$5.43	$5.00	37.5%	10.8%	51.3%	7.8%	45.9%	0.0%	5.5%	3.6K	-176.4K	-596	0.00	89.82	N/A	N/A	70	0	1,292	301
2018-12-14	$5.14	$5.00	44.4%	12.7%	54.1%	12.7%	44.4%	0.0%	6.9%	4.4K	-134.7K	-715	0.01	63.57	N/A	N/A	70	1	1,279	301
2018-12-17	$4.99	$5.00	50.6%	14.5%	54.6%	17.2%	50.6%	0.0%	2.9%	4.2K	-103.7K	-670	0.00	67.34	N/A	N/A	10	0	1,279	302
2018-12-18	$4.97	$5.00	47.4%	13.6%	49.5%	14.9%	48.0%	0.0%	4.6%	4.6K	-92.1K	-662	0.00	65.82	N/A	N/A	10	0	1,279	302
2018-12-19	$4.90	$5.00	48.1%	13.8%	49.0%	15.4%	48.1%	0.0%	2.9%	4.3K	-69.4K	-628	0.03	34.77	N/A	N/A	33	1	1,279	302
2018-12-20	$4.73	$5.00	46.1%	13.2%	49.4%	14.0%	46.4%	0.0%	5.0%	3.0K	-32.8K	-566	0.05	70.91	N/A	N/A	43	2	1,282	303
2018-12-21	$4.62	$5.00	32.3%	9.3%	49.1%	4.0%	28.6%	0.0%	22.0%	2.7K	12.3K	-463	0.05	27.73	N/A	N/A	43	2	1,262	302
2018-12-24	$4.61	$5.00	28.3%	8.1%	49.1%	1.1%	24.8%	0.0%	-22.8%	2.6K	25.5K	-429	0.14	32.14	N/A	N/A	43	6	1,163	299
2018-12-26	$4.63	$5.00	37.9%	10.9%	49.1%	8.0%	0.0%	0.0%	25.0%	2.5K	-8.0K	-470	0.00	21.24	N/A	N/A	0	4	1,163	298
2018-12-27	$4.55	$5.00	39.7%	11.4%	44.4%	9.4%	28.3%	0.0%	19.2%	2.3K	4.8K	-445	5.00	22.65	N/A	N/A	1	5	1,163	298
2018-12-28	$4.64	$5.00	31.6%	9.1%	44.4%	3.5%	31.5%	0.0%	4.0%	2.8K	16.7K	-435	8.00	70.58	N/A	N/A	1	8	1,163	301
2018-12-31	$4.70	$5.00	38.8%	11.1%	45.0%	8.7%	31.7%	0.0%	17.3%	2.8K	-9.9K	-470	0.00	70.90	N/A	N/A	6	0	1,163	304