TINY Options History — February 2008

In February 2008, TINY traded between $6.51 and $7.23. ATM implied volatility averaged 48.3%, placing in the 55.2% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 4.8% (HV 20d: 43.5%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.35.

Notable Days

2008-02-26: Highest Volume — 132 contracts
2008-02-14: Largest IV spike — 44.3% change
2008-02-14: Highest IV Rank — 77.4%
2008-02-04: Largest Expected Move — 16.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.90	$6.51	$7.23	$7.23	$6.70
Max Pain	$7.75	$7.50	$10.00	$7.50	$7.50
ATM IV	48.3%	33.8%	57.3%	54.7%	51.9%
Expected Move	14.8%	9.7%	16.6%	15.7%	14.9%
HV 20d	43.5%	31.0%	57.1%	57.1%	37.8%
HV 60d	46.7%	45.9%	47.3%	46.6%	46.6%
IV Rank	55.2%	18.5%	77.4%	72.1%	64.0%
IV Percentile	68.4%	7.1%	98.4%	96.0%	89.3%
Term Structure	-0.9%	-10.7%	15.2%	0.9%	-10.7%
VWIV	55.0%	45.0%	61.3%	54.7%	61.3%
Bid-Ask Spread %	34.21	21.12	52.96	41.61	29.56
Gamma HHI	0.48	0.43	0.57	0.44	0.46
Net GEX	5.8K	2.9K	9.4K	7.6K	5.4K
Net DEX	101.5K	31.8K	184.5K	83.6K	54.4K
Net VEX	-1.7K	-1.9K	-1.3K	-1.9K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.00	2.50	0.36	0.30
Total Volume	36.2	0	132	15	26
Total OI	3,645.95	3,508	3,866	3,559	3,866

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
2008-02-01	$7.23	$7.50	54.7%	15.7%	57.1%	72.1%	54.7%	0.0%	0.9%	7.6K	83.6K	-1.9K	0.36	41.61	N/A	N/A	11	4	2,903	656
2008-02-04	$7.05	$10.00	55.3%	16.6%	54.6%	73.7%	0.0%	0.0%	-5.1%	7.5K	86.1K	-1.9K	2.50	37.53	N/A	N/A	10	25	2,904	652
2008-02-05	$6.89	$10.00	43.6%	15.9%	54.5%	45.5%	55.3%	0.0%	-3.6%	6.4K	123.1K	-1.7K	0.03	38.41	N/A	N/A	36	1	2,906	657
2008-02-06	$6.86	$7.50	45.0%	15.6%	53.0%	48.9%	53.7%	0.0%	-2.3%	6.5K	121.1K	-1.7K	0.36	52.96	N/A	N/A	11	4	2,931	657
2008-02-07	$6.88	$7.50	47.9%	16.1%	48.0%	54.1%	56.0%	0.0%	-2.8%	6.6K	123.0K	-1.7K	0.05	22.48	N/A	N/A	118	6	2,939	661
2008-02-08	$6.84	$7.50	49.7%	15.4%	46.8%	58.4%	0.0%	0.0%	-1.9%	6.6K	107.2K	-1.7K	0.00	29.49	N/A	N/A	14	0	3,019	667
2008-02-11	$6.96	$7.50	44.7%	16.6%	45.3%	45.9%	0.0%	0.0%	-6.6%	7.5K	93.2K	-1.8K	0.00	23.73	N/A	N/A	0	0	3,023	667
2008-02-12	$7.04	$7.50	48.5%	16.2%	44.8%	55.4%	0.0%	0.0%	-3.6%	8.1K	80.3K	-1.8K	0.00	24.41	N/A	N/A	0	0	3,023	667
2008-02-13	$7.18	$7.50	39.7%	15.4%	44.8%	33.4%	57.7%	0.0%	0.7%	9.4K	76.8K	-1.8K	0.37	36.76	N/A	N/A	27	10	3,023	667
2008-02-14	$7.00	$7.50	57.3%	16.4%	45.3%	77.4%	0.0%	0.0%	-4.8%	5.0K	96.6K	-1.8K	0.00	26.62	N/A	N/A	5	0	3,038	677
2008-02-15	$6.86	$7.50	55.3%	15.9%	45.3%	72.6%	0.0%	0.0%	-3.8%	4.3K	110.7K	-1.6K	0.00	39.57	N/A	N/A	23	0	3,043	657
2008-02-19	$6.92	$7.50	50.7%	14.5%	43.2%	61.0%	0.0%	0.0%	-0.5%	4.1K	107.9K	-1.6K	0.00	31.27	N/A	N/A	33	0	2,878	630
2008-02-20	$6.74	$7.50	53.2%	15.3%	37.5%	67.3%	0.0%	0.0%	-4.2%	4.0K	123.8K	-1.4K	0.00	40.02	N/A	N/A	0	0	2,911	630
2008-02-21	$6.51	$7.50	33.8%	9.7%	35.5%	18.5%	0.0%	0.0%	15.2%	3.0K	170.1K	-1.3K	1.29	49.40	N/A	N/A	31	40	2,911	630
2008-02-22	$6.51	$7.50	34.3%	9.8%	31.0%	19.9%	0.0%	0.0%	12.7%	2.9K	184.5K	-1.3K	0.00	51.08	N/A	N/A	50	0	2,942	659
2008-02-25	$6.81	$7.50	46.3%	13.3%	35.3%	50.0%	0.0%	0.0%	5.1%	4.2K	123.8K	-1.5K	0.00	35.64	N/A	N/A	1	0	2,992	659
2008-02-26	$7.08	$7.50	44.4%	12.7%	37.0%	45.3%	45.0%	0.0%	4.8%	5.0K	93.8K	-1.6K	0.18	24.88	N/A	N/A	112	20	2,993	659
2008-02-27	$7.01	$7.50	53.2%	15.3%	37.0%	67.3%	0.0%	0.0%	-3.5%	5.7K	31.8K	-1.8K	0.00	21.12	N/A	N/A	0	0	3,087	674
2008-02-28	$6.98	$7.50	55.5%	15.9%	36.4%	72.8%	56.1%	0.0%	-4.8%	5.6K	39.3K	-1.9K	0.10	27.65	N/A	N/A	96	10	3,087	674
2008-02-29	$6.70	$7.50	51.9%	14.9%	37.8%	64.0%	61.3%	0.0%	-10.7%	5.4K	54.4K	-1.8K	0.30	29.56	N/A	N/A	20	6	3,182	684