TINY Options History — March 2008

In March 2008, TINY traded between $5.80 and $7.26. ATM implied volatility averaged 50.1%, placing in the 57.4% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 2.7% (HV 20d: 47.4%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.63.

Notable Days

  • 2008-03-03: Highest Volume — 216 contracts
  • 2008-03-13: Largest IV drop — 39.7% change
  • 2008-03-12: Highest IV Rank — 100.0%
  • 2008-03-17: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.44$5.80$7.26$6.59$7.13
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV50.1%40.0%68.6%52.1%46.6%
Expected Move13.4%11.4%16.4%15.0%13.3%
HV 20d47.4%35.9%57.8%36.9%55.8%
HV 60d49.2%46.6%51.4%46.6%50.6%
IV Rank57.4%32.2%100.0%64.6%47.8%
IV Percentile69.1%20.2%100.0%90.5%59.1%
Term Structure5.7%-10.9%18.8%-10.9%1.8%
VWIV64.2%47.8%92.5%92.5%52.4%
Bid-Ask Spread %58.4011.7590.0035.0033.11
Gamma HHI0.410.320.600.470.37
Net GEX2.9K1.1K5.1K5.1K4.7K
Net DEX72.5K-218.7K261.0K69.4K-179.1K
Net VEX-1.7K-2.2K-1.1K-1.7K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.630.0020.6020.600.04
Total Volume58.7502162160
Total OI3,413.551,7794,2033,8821,885

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-03-03$6.59$7.5052.1%15.0%36.9%64.6%92.5%0.0%-10.9%5.1K69.4K-1.7K20.6035.00N/AN/A102063,192690
2008-03-04$6.46$7.5042.1%12.1%36.5%39.4%0.0%0.0%8.5%3.3K182.7K-1.7K0.0014.23N/AN/A003,202793
2008-03-05$6.40$7.5044.0%12.6%35.9%44.3%0.0%0.0%6.9%1.8K210.1K-1.6K0.3311.75N/AN/A30103,202793
2008-03-06$6.42$7.5046.3%13.3%36.0%50.0%47.8%0.0%7.6%3.0K203.8K-1.7K1.2513.64N/AN/A453,232803
2008-03-07$6.23$7.5059.8%12.1%37.1%83.7%0.0%0.0%11.1%1.4K232.9K-1.5K0.0088.34N/AN/A4403,232803
2008-03-10$5.80$7.5056.2%14.1%44.0%74.7%0.0%0.0%-6.0%1.1K261.0K-1.1K0.0788.93N/AN/A2823,272803
2008-03-11$5.90$7.5057.5%11.4%44.0%77.9%0.0%0.0%18.8%1.2K224.2K-1.2K0.2588.38N/AN/A51133,298743
2008-03-12$6.15$7.5068.6%12.2%47.0%100.0%0.0%0.0%17.4%2.1K152.5K-1.6K0.1188.27N/AN/A1823,348743
2008-03-13$6.13$7.5041.4%11.9%46.0%35.6%0.0%0.0%15.5%2.2K157.7K-1.5K4.0088.89N/AN/A283,358744
2008-03-14$6.05$7.5042.0%12.0%45.5%37.0%0.0%0.0%13.2%2.1K164.2K-1.5K0.0089.72N/AN/A003,360752
2008-03-17$5.86$7.5057.2%16.4%46.2%73.0%0.0%0.0%-7.8%1.7K204.5K-1.2K0.0090.00N/AN/A103,360752
2008-03-18$6.22$7.5046.8%13.4%51.8%48.4%0.0%0.0%14.1%1.7K170.7K-1.5K0.0489.66N/AN/A11353,359742
2008-03-19$6.20$7.5048.3%13.8%51.2%51.8%0.0%0.0%14.0%2.0K139.3K-1.5K0.0089.66N/AN/A2503,436742
2008-03-20$6.25$7.5052.6%15.1%50.0%62.2%0.0%0.0%7.9%2.2K113.2K-1.6K0.3388.88N/AN/A76253,461742
2008-03-24$6.76$7.5044.8%12.8%57.6%43.5%0.0%0.0%0.9%3.1K-90.3K-1.9K0.0043.31N/AN/A16701,250529
2008-03-25$7.00$7.5055.0%15.8%56.7%67.9%0.0%0.0%-0.1%4.2K-183.1K-2.2K0.3524.71N/AN/A115401,367529
2008-03-26$6.98$7.5048.6%13.9%55.0%52.6%0.0%0.0%2.7%4.3K-177.6K-2.1K0.0031.68N/AN/A4501,399501
2008-03-27$7.26$7.5052.3%15.0%56.6%61.4%52.4%0.0%-3.5%5.0K-218.7K-2.2K0.2831.60N/AN/A81231,444501
2008-03-28$7.04$7.5040.0%11.5%57.8%32.2%0.0%0.0%1.2%4.6K-186.8K-2.1K0.0438.23N/AN/A2511,408501
2008-03-31$7.13$7.5046.6%13.3%55.8%47.8%0.0%0.0%1.8%4.7K-179.1K-2.1K0.0033.11N/AN/A001,383502