TINY Options History — September 2008

In September 2008, TINY traded between $5.45 and $8.40. ATM implied volatility averaged 48.6%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 26.2% (HV 20d: 74.8%). 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 12 of 21 days. Put/call ratio averaged 1.73.

Notable Days

2008-09-19: Highest Volume — 203 contracts
2008-09-22: Largest IV spike — 39.0% change
2008-09-29: Highest IV Rank — 66.9%
2008-09-29: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.43	$5.45	$8.40	$7.71	$6.38
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	48.6%	36.6%	62.3%	45.1%	53.4%
Expected Move	14.0%	10.5%	17.9%	12.9%	15.3%
HV 20d	74.8%	48.5%	158.6%	58.6%	158.6%
HV 60d	64.4%	52.3%	102.5%	58.0%	102.5%
IV Rank	38.1%	12.7%	66.9%	30.8%	48.1%
IV Percentile	58.4%	4.4%	97.6%	31.3%	86.1%
Term Structure	1.2%	-19.8%	17.1%	0.0%	5.2%
VWIV	45.2%	36.7%	53.8%	45.9%	52.5%
Bid-Ask Spread %	66.83	18.80	112.56	18.80	112.56
Gamma HHI	0.61	0.47	0.75	0.74	0.50
Net GEX	11.2K	362	20.5K	20.5K	3.1K
Net DEX	-303.5K	-694.7K	32.2K	-436.9K	-91.5K
Net VEX	-1.3K	-1.6K	-508	-1.6K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.73	0.00	12.00	0.00	0.70
Total Volume	60.667	0	203	45	34
Total OI	2,205.524	1,167	2,726	2,644	1,392

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
2008-09-02	$7.71	$7.50	45.1%	12.9%	58.6%	30.8%	45.9%	0.0%	0.0%	20.5K	-436.9K	-1.6K	0.00	18.80	N/A	N/A	45	0	2,151	493
2008-09-03	$8.02	$7.50	40.1%	11.5%	58.2%	20.1%	37.0%	0.0%	11.0%	17.9K	-574.7K	-1.6K	0.22	45.39	N/A	N/A	45	10	2,154	493
2008-09-04	$7.70	$7.50	45.3%	13.0%	60.0%	31.1%	45.3%	0.0%	-0.8%	18.0K	-438.3K	-1.6K	0.03	43.47	N/A	N/A	30	1	2,132	503
2008-09-05	$7.61	$7.50	48.6%	13.8%	55.1%	38.0%	0.0%	0.0%	1.0%	17.2K	-394.5K	-1.6K	12.00	31.53	N/A	N/A	10	120	2,115	504
2008-09-08	$7.74	$7.50	47.5%	13.8%	53.0%	35.7%	0.0%	0.0%	2.9%	15.0K	-430.5K	-1.5K	0.00	28.50	N/A	N/A	10	0	2,105	611
2008-09-09	$7.64	$7.50	47.6%	14.0%	48.5%	35.9%	0.0%	0.0%	-0.4%	15.4K	-384.3K	-1.5K	0.00	30.32	N/A	N/A	30	0	2,105	611
2008-09-10	$7.39	$7.50	47.5%	13.8%	50.3%	35.8%	0.0%	0.0%	-0.1%	14.6K	-274.6K	-1.5K	0.65	24.29	N/A	N/A	31	20	2,115	611
2008-09-11	$7.46	$7.50	46.0%	13.2%	50.3%	32.5%	0.0%	0.0%	3.1%	18.1K	-267.9K	-1.4K	0.50	31.67	N/A	N/A	20	10	2,086	591
2008-09-12	$7.63	$7.50	48.6%	13.9%	50.7%	38.0%	0.0%	0.0%	0.8%	19.2K	-359.1K	-1.4K	0.00	31.35	N/A	N/A	0	0	2,076	601
2008-09-15	$7.08	$7.50	49.6%	14.2%	56.8%	40.2%	0.0%	0.0%	-0.1%	11.8K	-168.9K	-1.3K	5.00	36.35	N/A	N/A	12	60	2,076	601
2008-09-16	$7.04	$7.50	49.4%	14.2%	50.4%	39.8%	0.0%	0.0%	-1.5%	11.8K	-82.1K	-1.2K	7.08	74.09	N/A	N/A	13	92	2,086	601
2008-09-17	$6.74	$7.50	41.5%	11.9%	52.3%	23.1%	0.0%	0.0%	5.9%	3.9K	-12.0K	-1.1K	1.60	46.30	N/A	N/A	45	72	2,089	575
2008-09-18	$8.00	$7.50	47.8%	13.7%	81.7%	36.4%	0.0%	0.0%	2.5%	12.3K	-593.0K	-1.2K	2.32	96.41	N/A	N/A	28	65	2,060	601
2008-09-19	$8.40	$7.50	36.6%	10.5%	82.6%	12.7%	36.7%	0.0%	17.1%	7.7K	-694.7K	-1.3K	0.05	110.64	N/A	N/A	193	10	2,052	597
2008-09-22	$7.52	$7.50	50.8%	14.6%	90.8%	42.7%	0.0%	0.0%	5.5%	5.5K	-241.4K	-1.2K	0.00	104.39	N/A	N/A	42	0	909	258
2008-09-23	$7.70	$7.50	54.2%	15.5%	91.3%	49.7%	0.0%	0.0%	-3.0%	5.9K	-252.5K	-1.2K	0.00	107.20	N/A	N/A	66	0	952	268
2008-09-24	$7.71	$7.50	53.7%	15.4%	91.3%	48.7%	53.8%	0.0%	-2.7%	6.0K	-244.1K	-1.2K	0.00	105.81	N/A	N/A	0	13	990	268
2008-09-25	$7.63	$7.50	56.8%	16.3%	91.3%	55.3%	0.0%	0.0%	-4.2%	5.8K	-239.7K	-1.2K	0.00	102.92	N/A	N/A	5	0	990	278
2008-09-26	$7.58	$7.50	48.4%	13.9%	91.3%	37.7%	0.0%	0.0%	3.2%	5.4K	-225.3K	-1.1K	2.50	108.82	N/A	N/A	20	50	995	278
2008-09-29	$5.45	$7.50	62.3%	17.9%	147.9%	66.9%	0.0%	0.0%	-19.8%	362	32.2K	-508	0.20	112.53	N/A	N/A	60	12	1,015	328
2008-09-30	$6.38	$7.50	53.4%	15.3%	158.6%	48.1%	52.5%	0.0%	5.2%	3.1K	-91.5K	-1.2K	0.70	112.56	N/A	N/A	20	14	1,062	330