TINY Options History — August 2008

In August 2008, TINY traded between $6.22 and $7.73. ATM implied volatility averaged 49.7%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 10.2% (HV 20d: 60.0%). Max pain ranged from $5.00 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 0.11.

Notable Days

2008-08-20: Highest Volume — 156 contracts
2008-08-07: Largest IV spike — 54.5% change
2008-08-07: Highest IV Rank — 100.0%
2008-08-01: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.18	$6.22	$7.73	$6.70	$7.32
Max Pain	$7.38	$5.00	$7.50	$5.00	$7.50
ATM IV	49.7%	41.8%	78.1%	54.4%	42.0%
Expected Move	13.3%	11.4%	15.6%	15.6%	12.1%
HV 20d	60.0%	53.8%	67.2%	58.7%	57.1%
HV 60d	54.8%	51.7%	57.2%	52.5%	57.2%
IV Rank	40.5%	23.7%	100.0%	50.7%	24.3%
IV Percentile	56.0%	14.7%	100.0%	90.9%	15.5%
Term Structure	1.7%	-16.6%	14.2%	-16.6%	1.0%
VWIV	46.3%	41.6%	49.5%	47.8%	43.2%
Bid-Ask Spread %	35.40	19.95	76.75	41.74	43.18
Gamma HHI	0.63	0.54	0.71	0.56	0.71
Net GEX	12.0K	6.6K	17.2K	8.1K	16.4K
Net DEX	-273.4K	-433.5K	-103.0K	-149.3K	-335.4K
Net VEX	-1.7K	-1.8K	-1.6K	-1.8K	-1.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	0.83	0.00	0.00
Total Volume	29.905	0	156	0	0
Total OI	2,524.095	2,451	2,644	2,451	2,644

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
2008-08-01	$6.70	$5.00	54.4%	15.6%	58.7%	50.7%	0.0%	0.0%	-16.6%	8.1K	-149.3K	-1.8K	0.00	41.74	N/A	N/A	0	0	1,953	498
2008-08-04	$6.94	$7.50	48.1%	13.7%	58.6%	37.4%	47.8%	0.0%	4.0%	9.2K	-197.2K	-1.8K	0.00	21.25	N/A	N/A	35	0	1,953	498
2008-08-05	$6.73	$7.50	56.8%	13.5%	60.2%	55.9%	46.7%	0.0%	5.0%	8.5K	-159.9K	-1.8K	0.00	32.19	N/A	N/A	31	0	1,963	498
2008-08-06	$6.60	$7.50	50.5%	13.3%	60.9%	42.6%	0.0%	0.0%	4.8%	7.9K	-127.4K	-1.7K	0.00	76.75	N/A	N/A	0	0	1,978	498
2008-08-07	$6.22	$7.50	78.1%	11.4%	65.2%	100.0%	0.0%	0.0%	14.2%	6.6K	-103.0K	-1.6K	0.00	65.59	N/A	N/A	0	0	1,978	498
2008-08-08	$6.55	$7.50	58.5%	14.0%	67.2%	58.9%	0.0%	0.0%	2.6%	7.6K	-117.3K	-1.6K	0.00	74.62	N/A	N/A	0	0	1,978	498
2008-08-11	$7.01	$7.50	46.6%	14.2%	65.0%	33.9%	49.5%	0.0%	1.2%	9.9K	-228.8K	-1.8K	0.07	25.70	N/A	N/A	40	3	1,978	498
2008-08-12	$7.07	$7.50	49.6%	12.9%	64.0%	40.2%	45.3%	0.0%	5.4%	10.7K	-235.4K	-1.8K	0.12	26.82	N/A	N/A	52	6	1,998	498
2008-08-13	$7.14	$7.50	54.8%	13.6%	58.8%	51.1%	49.1%	0.0%	3.9%	10.6K	-241.2K	-1.8K	0.00	20.95	N/A	N/A	50	0	1,989	498
2008-08-14	$7.20	$7.50	43.8%	12.6%	58.4%	28.0%	44.5%	0.0%	7.4%	11.6K	-254.3K	-1.8K	0.33	26.51	N/A	N/A	18	6	2,006	498
2008-08-15	$6.99	$7.50	44.8%	12.8%	60.3%	30.1%	46.2%	0.0%	4.9%	10.6K	-212.2K	-1.7K	0.83	27.10	N/A	N/A	12	10	2,010	498
2008-08-18	$7.50	$7.50	45.8%	13.1%	63.9%	32.1%	45.3%	0.0%	2.4%	12.9K	-303.5K	-1.7K	0.20	27.11	N/A	N/A	49	10	1,999	498
2008-08-19	$7.54	$7.50	45.0%	12.9%	62.2%	30.5%	45.0%	0.0%	1.4%	13.7K	-333.9K	-1.7K	0.00	31.00	N/A	N/A	24	0	2,025	498
2008-08-20	$7.49	$7.50	47.3%	13.6%	60.3%	35.3%	47.3%	0.0%	-1.4%	13.6K	-335.9K	-1.7K	0.16	27.79	N/A	N/A	135	21	2,031	498
2008-08-21	$7.32	$7.50	48.1%	13.8%	58.0%	37.0%	48.1%	0.0%	-1.6%	13.2K	-311.8K	-1.7K	0.00	19.95	N/A	N/A	10	0	2,060	493
2008-08-22	$7.69	$7.50	41.8%	12.0%	59.4%	23.7%	41.6%	0.0%	4.0%	16.3K	-387.8K	-1.8K	0.00	31.45	N/A	N/A	51	0	2,065	493
2008-08-25	$7.72	$7.50	48.3%	13.9%	58.7%	37.5%	48.3%	0.0%	-2.0%	15.6K	-421.9K	-1.7K	0.00	24.91	N/A	N/A	17	0	2,096	493
2008-08-26	$7.73	$7.50	49.2%	14.1%	54.4%	39.4%	0.0%	0.0%	-2.5%	15.7K	-422.6K	-1.7K	0.00	24.37	N/A	N/A	30	0	2,104	493
2008-08-27	$7.67	$7.50	47.6%	13.7%	54.5%	36.0%	0.0%	0.0%	-2.2%	16.1K	-428.3K	-1.7K	0.00	33.80	N/A	N/A	0	0	2,134	493
2008-08-28	$7.69	$7.50	43.3%	12.4%	53.8%	26.8%	43.2%	0.0%	0.4%	17.2K	-433.5K	-1.7K	0.00	40.61	N/A	N/A	18	0	2,134	493
2008-08-29	$7.32	$7.50	42.0%	12.1%	57.1%	24.3%	0.0%	0.0%	1.0%	16.4K	-335.4K	-1.7K	0.00	43.18	N/A	N/A	0	0	2,151	493