TINY Options History — April 2008

In April 2008, TINY traded between $7.34 and $8.16. ATM implied volatility averaged 44.9%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 7.9% (HV 20d: 52.8%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.05.

Notable Days

2008-04-22: Highest Volume — 250 contracts
2008-04-03: Largest IV drop — 36.2% change
2008-04-02: Highest IV Rank — 65.1%
2008-04-02: Largest Expected Move — 15.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.84	$7.34	$8.16	$7.34	$7.92
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	44.9%	33.5%	53.8%	50.6%	33.5%
Expected Move	13.1%	9.6%	15.4%	14.5%	9.6%
HV 20d	52.8%	43.2%	61.8%	56.0%	43.2%
HV 60d	49.1%	45.8%	52.7%	50.9%	45.8%
IV Rank	43.9%	16.8%	65.1%	57.3%	16.8%
IV Percentile	51.1%	6.7%	92.9%	82.9%	6.7%
Term Structure	4.7%	-2.7%	19.6%	-0.9%	19.6%
VWIV	49.4%	42.0%	53.9%	50.6%	42.0%
Bid-Ask Spread %	34.19	16.50	62.80	32.65	16.50
Gamma HHI	0.46	0.38	0.49	0.38	0.48
Net GEX	8.5K	5.0K	11.0K	5.0K	10.6K
Net DEX	-345.1K	-415.1K	-207.9K	-207.9K	-371.9K
Net VEX	-2.3K	-2.7K	-2.1K	-2.1K	-2.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.00	0.32	0.00	0.24
Total Volume	51.333	0	250	76	0
Total OI	2,111.476	1,885	2,288	1,885	2,288

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
2008-04-01	$7.34	$7.50	50.6%	14.5%	56.0%	57.3%	50.6%	0.0%	-0.9%	5.0K	-207.9K	-2.1K	0.00	32.65	N/A	N/A	76	0	1,383	502
2008-04-02	$7.96	$7.50	53.8%	15.4%	61.2%	65.1%	53.9%	0.0%	-2.0%	6.6K	-343.8K	-2.3K	0.00	39.34	N/A	N/A	116	0	1,457	502
2008-04-03	$8.16	$7.50	34.4%	9.8%	60.9%	18.9%	0.0%	0.0%	18.5%	7.1K	-412.4K	-2.4K	0.20	62.80	N/A	N/A	50	10	1,504	502
2008-04-07	$8.02	$7.50	45.8%	15.0%	61.8%	46.0%	52.4%	0.0%	-2.7%	7.4K	-397.2K	-2.3K	0.00	54.15	N/A	N/A	36	0	1,521	503
2008-04-08	$7.91	$7.50	48.0%	15.0%	60.6%	51.1%	0.0%	0.0%	-1.9%	7.8K	-368.7K	-2.3K	0.00	52.49	N/A	N/A	11	0	1,551	503
2008-04-09	$7.66	$7.50	47.9%	14.5%	54.7%	51.0%	50.6%	0.0%	0.3%	7.8K	-312.6K	-2.2K	0.00	52.87	N/A	N/A	29	0	1,562	503
2008-04-10	$7.70	$7.50	49.6%	14.2%	54.8%	55.0%	0.0%	0.0%	0.5%	8.0K	-320.2K	-2.3K	0.00	26.80	N/A	N/A	0	28	1,576	503
2008-04-11	$7.35	$7.50	49.4%	14.2%	57.6%	54.6%	49.4%	0.0%	0.4%	7.4K	-252.0K	-2.1K	0.32	26.32	N/A	N/A	31	10	1,576	494
2008-04-14	$7.56	$7.50	48.4%	13.9%	57.8%	52.1%	0.0%	0.0%	4.1%	8.3K	-271.8K	-2.1K	0.00	22.72	N/A	N/A	0	24	1,589	504
2008-04-15	$7.63	$7.50	49.5%	14.2%	57.1%	54.7%	0.0%	0.0%	0.7%	8.3K	-296.9K	-2.2K	0.00	25.08	N/A	N/A	30	0	1,589	528
2008-04-16	$7.78	$7.50	48.7%	14.0%	54.8%	52.9%	48.7%	0.0%	1.5%	8.5K	-348.4K	-2.2K	0.00	27.16	N/A	N/A	107	0	1,589	528
2008-04-17	$7.97	$7.50	44.3%	12.7%	52.3%	42.4%	0.0%	0.0%	2.6%	8.4K	-402.0K	-2.2K	0.00	30.28	N/A	N/A	37	0	1,610	528
2008-04-18	$8.05	$7.50	48.2%	13.8%	52.0%	51.6%	48.0%	0.0%	-0.1%	8.1K	-415.1K	-2.2K	0.00	32.99	N/A	N/A	6	0	1,609	528
2008-04-21	$7.94	$7.50	48.4%	13.9%	52.8%	52.2%	0.0%	0.0%	-1.5%	8.3K	-353.4K	-2.1K	0.00	34.60	N/A	N/A	62	0	1,545	497
2008-04-22	$7.96	$7.50	42.6%	12.2%	46.7%	38.4%	42.0%	0.0%	6.1%	8.2K	-374.3K	-2.2K	0.05	26.34	N/A	N/A	239	11	1,545	497
2008-04-23	$7.99	$7.50	43.2%	12.4%	45.6%	39.9%	0.0%	0.0%	6.6%	9.5K	-362.8K	-2.5K	0.00	26.98	N/A	N/A	113	0	1,661	506
2008-04-24	$7.91	$7.50	42.4%	12.2%	45.9%	38.0%	0.0%	0.0%	5.8%	10.5K	-368.4K	-2.7K	0.00	26.73	N/A	N/A	0	0	1,753	506
2008-04-25	$7.78	$7.50	38.4%	11.0%	44.8%	28.5%	0.0%	0.0%	8.1%	10.5K	-328.6K	-2.5K	0.00	28.07	N/A	N/A	0	2	1,753	506
2008-04-28	$8.00	$7.50	39.4%	11.3%	43.7%	30.8%	0.0%	0.0%	14.6%	10.7K	-361.9K	-2.5K	0.00	38.59	N/A	N/A	19	0	1,753	508
2008-04-29	$8.01	$7.50	36.8%	10.5%	43.7%	24.6%	0.0%	0.0%	17.6%	11.0K	-376.7K	-2.6K	0.24	34.59	N/A	N/A	25	6	1,771	508
2008-04-30	$7.92	$7.50	33.5%	9.6%	43.2%	16.8%	0.0%	0.0%	19.6%	10.6K	-371.9K	-2.6K	0.00	16.50	N/A	N/A	0	0	1,774	514