TINY Options History — July 2008

In July 2008, TINY traded between $5.22 and $6.77. ATM implied volatility averaged 49.1%, placing in the 40.7% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 1.8% (HV 20d: 50.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.28.

Notable Days

  • 2008-07-14: Highest Volume — 283 contracts
  • 2008-07-31: Largest IV spike — 24.9% change
  • 2008-07-16: Highest IV Rank — 65.6%
  • 2008-07-16: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.87$5.22$6.77$6.01$6.77
Max Pain$5.34$5.00$7.50$7.50$5.00
ATM IV49.1%36.4%61.4%50.7%50.6%
Expected Move14.2%10.4%17.6%14.5%14.5%
HV 20d50.9%44.2%61.1%50.8%58.6%
HV 60d46.2%41.7%52.8%42.4%52.8%
IV Rank40.7%12.5%65.6%46.6%42.7%
IV Percentile61.4%5.2%98.0%82.9%78.6%
Term Structure1.8%-20.3%21.9%-14.6%-13.3%
VWIV50.4%39.7%61.0%45.5%39.7%
Bid-Ask Spread %34.9912.9363.6716.0642.08
Gamma HHI0.460.370.590.480.54
Net GEX4.3K-1.4K8.5K4.3K8.5K
Net DEX-9.7K-186.8K80.5K13.8K-179.3K
Net VEX-1.1K-1.9K-665-1.2K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.001.700.430.14
Total Volume61.63602832040
Total OI2,396.1362,1452,5862,1452,462

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$6.01$7.5050.7%14.5%50.8%46.6%0.0%0.0%-14.6%4.3K13.8K-1.2K0.0016.06N/AN/A0201,761384
2008-07-02$5.73$7.5046.5%13.3%51.8%38.3%45.5%0.0%2.9%3.5K44.7K-1.0K0.4317.80N/AN/A67291,761404
2008-07-03$5.68$7.5046.4%13.3%50.6%38.0%0.0%0.0%6.3%3.5K32.1K-1.1K0.0715.69N/AN/A3021,818424
2008-07-07$5.58$5.0049.9%15.5%50.5%45.0%0.0%0.0%-2.9%3.4K35.5K-1.0K0.0043.08N/AN/A001,838426
2008-07-08$5.71$5.0054.6%16.3%50.7%54.3%0.0%0.0%-3.9%3.2K62.8K-7910.0044.32N/AN/A3501,838426
2008-07-09$5.71$5.0057.3%16.5%50.0%59.6%0.0%0.0%-2.9%3.6K46.5K-8900.0044.97N/AN/A801,873426
2008-07-10$5.66$5.0045.3%13.0%46.2%33.2%0.0%0.0%15.6%3.1K67.8K-7570.0045.61N/AN/A001,865426
2008-07-11$5.66$5.0045.9%13.2%45.9%34.5%0.0%0.0%15.5%3.2K61.0K-7890.0045.61N/AN/A001,865426
2008-07-14$5.31$5.0052.8%15.1%48.5%48.8%0.0%0.0%3.1%2.5K80.5K-6651.7039.91N/AN/A1051781,865412
2008-07-15$5.22$5.0059.7%17.1%48.5%62.0%0.0%0.0%-2.2%-1.4K71.2K-7880.0034.91N/AN/A0581,945567
2008-07-16$5.67$5.0061.4%17.6%45.9%65.6%61.0%0.0%-6.4%3.7K24.6K-8990.0044.01N/AN/A2201,945619
2008-07-17$5.63$5.0049.6%14.2%44.9%40.5%0.0%0.0%-2.3%3.7K17.7K-8930.0063.67N/AN/A0251,967619
2008-07-18$5.67$5.0050.9%14.6%44.2%43.3%0.0%0.0%-1.3%3.9K15.6K-8900.0061.40N/AN/A2101,967619
2008-07-21$5.72$5.0045.9%13.2%44.3%32.6%0.0%0.0%8.0%3.9K-2.1K-9050.0063.42N/AN/A001,984406
2008-07-22$6.03$5.0048.2%13.8%48.6%37.6%0.0%0.0%5.3%4.8K-45.1K-1.1K0.0061.65N/AN/A11901,984406
2008-07-23$6.37$5.0036.4%10.4%52.5%12.5%55.5%0.0%21.9%7.6K-186.8K-1.8K1.1114.14N/AN/A941042,050406
2008-07-24$6.08$5.0045.1%12.9%55.2%30.9%0.0%0.0%9.5%5.0K-44.4K-1.3K0.0013.19N/AN/A002,023499
2008-07-25$6.05$5.0050.6%14.5%55.2%42.7%0.0%0.0%5.4%5.0K-47.9K-1.3K0.0012.93N/AN/A27302,023499
2008-07-28$5.97$5.0051.1%14.7%55.3%43.8%0.0%0.0%-20.3%4.8K-17.9K-1.2K0.0016.06N/AN/A022,005499
2008-07-29$6.42$5.0040.7%11.7%60.8%21.6%0.0%0.0%10.0%7.1K-119.7K-1.7K0.0014.38N/AN/A5502,005499
2008-07-30$6.56$5.0040.5%11.6%61.1%21.2%39.7%0.0%6.0%7.8K-145.1K-1.8K0.1714.86N/AN/A59101,980499
2008-07-31$6.77$5.0050.6%14.5%58.6%42.7%0.0%0.0%-13.3%8.5K-179.3K-1.9K0.1442.08N/AN/A3551,963499