TINY Options History — May 2008

In May 2008, TINY traded between $7.73 and $8.63. ATM implied volatility averaged 48.0%, placing in the 45.7% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 11.1% (HV 20d: 36.9%). 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 5 of 20 days. Put/call ratio averaged 0.21.

Notable Days

2008-05-12: Highest Volume — 141 contracts
2008-05-12: Largest IV spike — 63.4% change
2008-05-13: Highest IV Rank — 100.0%
2008-05-09: Largest Expected Move — 14.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.06	$7.73	$8.63	$7.78	$8.00
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	48.0%	35.9%	77.6%	35.9%	45.5%
Expected Move	13.4%	10.3%	14.8%	10.3%	13.0%
HV 20d	36.9%	23.9%	43.3%	32.7%	41.4%
HV 60d	47.2%	45.4%	49.3%	45.6%	46.6%
IV Rank	45.7%	22.7%	100.0%	22.7%	37.3%
IV Percentile	49.2%	10.3%	100.0%	10.3%	43.7%
Term Structure	-0.3%	-4.9%	15.8%	15.8%	-1.1%
VWIV	46.1%	40.3%	50.0%	40.3%	48.8%
Bid-Ask Spread %	42.07	24.09	59.27	41.60	37.21
Gamma HHI	0.54	0.49	0.62	0.49	0.54
Net GEX	11.1K	10.1K	12.1K	11.0K	11.0K
Net DEX	-366.4K	-538.6K	-275.0K	-322.2K	-326.9K
Net VEX	-2.5K	-2.8K	-2.4K	-2.4K	-2.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.00	2.50	0.03	0.04
Total Volume	36.5	0	141	41	26
Total OI	2,413.55	2,256	2,544	2,288	2,544

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
2008-05-01	$7.78	$7.50	35.9%	10.3%	32.7%	22.7%	40.3%	0.0%	15.8%	11.0K	-322.2K	-2.4K	0.03	41.60	N/A	N/A	40	1	1,774	514
2008-05-02	$7.73	$7.50	42.5%	12.2%	31.2%	38.2%	0.0%	0.0%	4.5%	10.6K	-275.0K	-2.4K	0.23	31.50	N/A	N/A	47	11	1,741	515
2008-05-05	$7.79	$7.50	39.1%	13.9%	31.0%	30.2%	0.0%	0.0%	-0.5%	10.8K	-279.3K	-2.4K	0.00	37.74	N/A	N/A	0	0	1,759	526
2008-05-06	$7.99	$7.50	37.6%	14.1%	32.0%	26.5%	0.0%	0.0%	-0.9%	10.8K	-355.2K	-2.5K	0.00	54.22	N/A	N/A	0	0	1,759	526
2008-05-07	$8.00	$7.50	39.2%	14.5%	29.6%	30.4%	0.0%	0.0%	-0.7%	10.8K	-347.8K	-2.4K	0.00	38.02	N/A	N/A	28	0	1,759	526
2008-05-08	$7.92	$7.50	40.3%	14.6%	29.9%	32.9%	0.0%	0.0%	-2.5%	11.5K	-335.4K	-2.5K	0.00	51.93	N/A	N/A	0	0	1,787	526
2008-05-09	$7.96	$7.50	41.8%	14.8%	23.9%	36.4%	0.0%	0.0%	-3.3%	11.2K	-337.0K	-2.4K	0.00	52.74	N/A	N/A	5	0	1,787	526
2008-05-12	$8.63	$7.50	68.2%	13.8%	35.5%	99.1%	49.5%	0.0%	-2.7%	11.7K	-538.6K	-2.7K	0.05	47.45	N/A	N/A	134	7	1,792	526
2008-05-13	$8.55	$7.50	71.0%	13.5%	35.9%	100.0%	43.9%	0.0%	-1.7%	11.4K	-535.6K	-2.7K	0.07	49.82	N/A	N/A	89	6	1,832	524
2008-05-14	$8.45	$7.50	77.6%	12.9%	36.0%	100.0%	43.7%	0.0%	-0.3%	10.9K	-511.3K	-2.7K	0.08	50.35	N/A	N/A	126	10	1,870	524
2008-05-15	$7.98	$7.50	47.1%	13.5%	41.2%	40.4%	0.0%	0.0%	-1.1%	12.0K	-376.4K	-2.5K	0.00	57.51	N/A	N/A	21	0	1,954	531
2008-05-16	$8.04	$7.50	50.1%	14.4%	41.2%	46.3%	50.0%	0.0%	-4.9%	10.1K	-362.3K	-2.5K	0.00	54.27	N/A	N/A	134	0	1,960	531
2008-05-19	$8.27	$7.50	47.0%	13.5%	42.0%	40.3%	0.0%	0.0%	0.5%	12.1K	-410.9K	-2.8K	2.50	28.48	N/A	N/A	4	10	1,975	530
2008-05-20	$8.05	$7.50	47.0%	13.5%	43.2%	40.2%	0.0%	0.0%	-2.2%	11.3K	-352.4K	-2.7K	0.00	59.27	N/A	N/A	1	0	1,975	540
2008-05-21	$7.98	$7.50	44.9%	12.9%	43.3%	36.2%	0.0%	0.0%	0.8%	11.0K	-334.5K	-2.6K	0.00	33.46	N/A	N/A	3	0	1,974	540
2008-05-22	$7.99	$7.50	49.0%	14.0%	43.2%	44.2%	0.0%	0.0%	-3.2%	11.1K	-327.9K	-2.5K	0.00	34.12	N/A	N/A	15	0	1,977	540
2008-05-23	$8.00	$7.50	43.3%	12.4%	42.7%	33.0%	0.0%	0.0%	1.7%	11.1K	-337.0K	-2.5K	0.00	29.77	N/A	N/A	0	0	1,992	540
2008-05-27	$8.03	$7.50	45.0%	12.9%	41.6%	36.4%	0.0%	0.0%	-0.0%	11.3K	-333.4K	-2.4K	0.00	24.09	N/A	N/A	0	11	1,992	540
2008-05-28	$7.98	$7.50	48.9%	14.0%	41.6%	43.9%	48.8%	0.0%	-3.5%	11.1K	-328.6K	-2.5K	0.00	27.84	N/A	N/A	0	1	1,992	551
2008-05-30	$8.00	$7.50	45.5%	13.0%	41.4%	37.3%	0.0%	0.0%	-1.1%	11.0K	-326.9K	-2.4K	0.04	37.21	N/A	N/A	25	1	1,992	552