TINY Options History — January 2008

In January 2008, TINY traded between $6.68 and $8.66. ATM implied volatility averaged 50.5%, placing in the 62.0% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded below realized volatility by 4.9% (HV 20d: 55.3%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.56.

Notable Days

2008-01-24: Highest Volume — 145 contracts
2008-01-31: Largest IV drop — 12.8% change
2008-01-23: Highest IV Rank — 90.6%
2008-01-23: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.70	$6.68	$8.66	$8.56	$7.07
Max Pain	$7.14	$5.00	$7.50	$7.50	$7.50
ATM IV	50.5%	41.5%	62.4%	41.5%	48.7%
Expected Move	14.9%	11.9%	17.9%	11.9%	14.0%
HV 20d	55.3%	45.2%	62.2%	45.2%	56.5%
HV 60d	43.0%	39.0%	46.3%	39.0%	46.3%
IV Rank	62.0%	40.5%	90.6%	40.5%	57.7%
IV Percentile	80.9%	36.7%	99.6%	36.7%	81.3%
Term Structure	2.1%	-7.1%	9.2%	9.2%	8.9%
VWIV	55.4%	51.6%	65.5%	52.2%	57.6%
Bid-Ask Spread %	54.66	16.60	100.50	89.25	43.89
Gamma HHI	0.44	0.40	0.58	0.40	0.42
Net GEX	10.8K	5.0K	16.8K	14.2K	7.4K
Net DEX	-43.1K	-349.3K	151.5K	-292.7K	100.6K
Net VEX	-2.2K	-3.5K	-1.5K	-3.4K	-1.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.00	2.67	0.12	0.00
Total Volume	50.048	0	145	94	31
Total OI	3,409.143	3,245	3,543	3,245	3,543

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
2008-01-02	$8.56	$7.50	41.5%	11.9%	45.2%	40.5%	0.0%	0.0%	9.2%	14.2K	-292.7K	-3.4K	0.12	89.25	N/A	N/A	84	10	2,599	646
2008-01-03	$8.66	$7.50	42.2%	12.1%	45.5%	42.2%	0.0%	0.0%	-0.2%	15.9K	-349.3K	-3.5K	0.00	16.60	N/A	N/A	39	0	2,657	643
2008-01-04	$8.18	$7.50	41.6%	14.5%	49.3%	40.8%	0.0%	0.0%	3.6%	12.5K	-94.0K	-2.6K	0.00	64.51	N/A	N/A	60	0	2,670	643
2008-01-07	$8.26	$7.50	42.2%	15.0%	49.6%	42.1%	52.2%	0.0%	1.3%	12.0K	-113.0K	-2.5K	0.00	65.16	N/A	N/A	45	0	2,704	643
2008-01-08	$7.91	$7.50	44.2%	14.3%	51.3%	46.9%	0.0%	0.0%	7.9%	12.5K	-33.8K	-2.3K	1.05	64.00	N/A	N/A	19	20	2,734	643
2008-01-09	$8.35	$7.50	46.2%	15.1%	55.5%	51.9%	52.6%	0.0%	2.9%	12.6K	-132.6K	-2.6K	1.25	61.85	N/A	N/A	64	80	2,753	643
2008-01-10	$8.52	$7.50	52.0%	14.9%	56.1%	65.7%	52.0%	0.0%	3.2%	15.1K	-292.0K	-2.9K	0.00	76.84	N/A	N/A	4	0	2,795	589
2008-01-11	$8.10	$7.50	52.0%	14.9%	58.2%	65.6%	0.0%	0.0%	-3.1%	12.6K	-127.5K	-2.2K	0.00	64.95	N/A	N/A	64	0	2,796	589
2008-01-14	$8.26	$7.50	51.8%	14.9%	58.7%	65.3%	0.0%	0.0%	1.6%	12.9K	-171.2K	-2.4K	0.23	68.32	N/A	N/A	13	3	2,816	589
2008-01-15	$7.99	$7.50	52.8%	15.1%	59.7%	67.6%	0.0%	0.0%	0.9%	12.4K	-99.8K	-2.1K	0.00	63.26	N/A	N/A	1	0	2,819	592
2008-01-16	$7.99	$7.50	52.5%	15.1%	57.4%	67.0%	0.0%	0.0%	2.6%	12.9K	-97.3K	-2.0K	2.00	31.87	N/A	N/A	1	2	2,820	592
2008-01-17	$7.84	$7.50	51.6%	14.8%	56.5%	64.9%	51.6%	0.0%	2.8%	12.7K	-47.5K	-1.9K	2.67	30.68	N/A	N/A	3	8	2,820	590
2008-01-18	$7.49	$7.50	53.4%	15.3%	58.4%	69.2%	65.5%	0.0%	1.7%	16.8K	47.6K	-1.7K	0.06	28.69	N/A	N/A	123	7	2,820	590
2008-01-22	$7.01	$5.00	56.1%	16.1%	62.2%	75.6%	56.1%	0.0%	-0.3%	6.5K	103.7K	-1.6K	0.37	31.33	N/A	N/A	19	7	2,737	593
2008-01-23	$6.68	$5.00	62.4%	17.9%	56.6%	90.6%	0.0%	0.0%	-7.1%	5.0K	151.5K	-1.5K	0.29	100.50	N/A	N/A	104	30	2,747	593
2008-01-24	$6.99	$5.00	54.7%	15.7%	58.5%	72.3%	57.6%	0.0%	1.3%	6.5K	103.6K	-1.7K	0.53	37.54	N/A	N/A	95	50	2,821	623
2008-01-25	$6.92	$7.50	53.1%	15.2%	57.7%	68.4%	0.0%	0.0%	0.2%	6.3K	118.2K	-1.8K	0.23	50.38	N/A	N/A	30	7	2,868	662
2008-01-28	$7.09	$7.50	49.2%	14.1%	58.1%	58.9%	0.0%	0.0%	3.9%	6.9K	110.7K	-1.9K	2.33	32.15	N/A	N/A	6	14	2,878	662
2008-01-29	$7.01	$7.50	55.4%	15.9%	55.9%	73.8%	0.0%	0.0%	2.5%	6.9K	98.8K	-1.9K	0.00	49.39	N/A	N/A	0	0	2,879	656
2008-01-30	$6.88	$7.50	55.8%	16.0%	55.0%	74.8%	0.0%	0.0%	0.4%	6.4K	111.6K	-1.8K	0.00	76.73	N/A	N/A	8	0	2,879	656
2008-01-31	$7.07	$7.50	48.7%	14.0%	56.5%	57.7%	0.0%	0.0%	8.9%	7.4K	100.6K	-1.9K	0.00	43.89	N/A	N/A	31	0	2,887	656