TINY Options History — October 2008

In October 2008, TINY traded between $3.94 and $6.12. ATM implied volatility averaged 85.1%, placing in the 63.3% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded below realized volatility by 86.6% (HV 20d: 171.7%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.77.

Notable Days

  • 2008-10-02: Highest Volume — 168 contracts
  • 2008-10-24: Largest IV spike — 50.1% change
  • 2008-10-03: Highest IV Rank — 100.0%
  • 2008-10-24: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.86$3.94$6.12$6.12$5.00
Max Pain$5.43$5.00$7.50$7.50$5.00
ATM IV85.1%51.5%139.5%61.6%97.4%
Expected Move22.4%15.4%31.0%17.7%27.9%
HV 20d171.7%142.7%191.0%157.9%170.6%
HV 60d118.3%102.8%136.7%102.8%136.7%
IV Rank63.3%31.2%100.0%65.4%60.5%
IV Percentile96.8%78.2%100.0%97.2%97.2%
Term Structure-1.9%-32.4%43.2%-20.2%-6.6%
VWIV80.1%60.7%116.4%61.7%116.4%
Bid-Ask Spread %103.2669.44129.1169.44104.64
Gamma HHI0.450.340.650.560.41
Net GEX1.3K7082.6K1.8K2.1K
Net DEX5.2K-57.4K36.4K-26.6K-35.4K
Net VEX-642-904-527-849-690
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.0011.0011.000.00
Total Volume31.2611168110
Total OI1,449.8261,3891,5791,4061,579

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$6.12$7.5061.6%17.7%157.9%65.4%0.0%0.0%-20.2%1.8K-26.6K-8490.0069.44N/AN/A011,062344
2008-10-02$5.79$7.5059.5%17.1%158.3%61.0%61.7%0.0%-10.9%1.3K3.2K-66811.00111.64N/AN/A141541,062344
2008-10-03$5.76$7.5087.4%25.1%158.3%100.0%0.0%0.0%-31.8%1.2K-9.2K-6810.00112.94N/AN/A2501,056338
2008-10-06$5.29$7.5051.5%17.4%159.8%36.9%60.7%0.0%9.8%73936.4K-6070.00101.88N/AN/A4001,076338
2008-10-07$4.94$5.0056.0%18.9%160.8%44.8%0.0%0.0%7.9%1.3K26.7K-6191.00107.28N/AN/A11111,116338
2008-10-08$4.76$5.0075.4%20.2%160.8%78.9%70.6%0.0%-2.8%87533.1K-5980.00104.52N/AN/A3301,117329
2008-10-09$4.15$5.00100.8%17.7%165.4%100.0%0.0%0.0%7.3%99024.4K-6480.71129.11N/AN/A751,149329
2008-10-10$4.39$5.0083.6%15.4%167.2%75.5%0.0%0.0%43.2%1.2K28.3K-6190.00109.98N/AN/A0111,150319
2008-10-13$5.36$5.00104.5%26.2%184.4%100.0%91.3%0.0%0.5%2.6K-49.8K-9040.00103.53N/AN/A4601,150308
2008-10-14$4.98$5.0096.0%22.1%185.6%88.1%0.0%0.0%0.1%2.0K-14.9K-8090.41103.67N/AN/A32131,131308
2008-10-15$4.30$5.00139.5%18.9%191.0%100.0%0.0%0.0%3.4%81336.1K-5270.0091.87N/AN/A201,133308
2008-10-16$5.04$5.0084.5%24.2%189.4%48.4%0.0%0.0%-4.2%1.5K13.8K-6321.40102.43N/AN/A571,133308
2008-10-17$4.74$5.0066.2%19.0%187.9%31.2%0.0%0.0%23.3%1.3K15.2K-6240.0099.33N/AN/A0261,133308
2008-10-20$5.13$5.0069.8%20.0%189.0%34.6%0.0%0.0%12.8%1.0K11.6K-5730.0096.84N/AN/A101,105287
2008-10-21$4.94$5.0081.1%23.2%188.4%45.2%0.0%0.0%2.2%1.1K6.0K-5940.00104.22N/AN/A1001,105287
2008-10-22$4.60$5.0071.0%20.4%188.9%35.7%0.0%0.0%12.0%97217.4K-5610.0096.11N/AN/A0151,102287
2008-10-23$4.50$5.0072.2%20.7%188.9%36.8%0.0%0.0%3.2%84721.8K-5880.00108.48N/AN/A4001,102302
2008-10-24$4.25$5.00108.3%31.0%189.0%70.7%116.4%0.0%-32.4%86617.9K-6100.0094.54N/AN/A9501,142302
2008-10-27$3.94$5.00105.7%30.3%153.5%68.3%0.0%0.0%-12.2%1.3K823-6040.00104.25N/AN/A201,222302
2008-10-28$4.20$5.00101.8%29.2%142.7%64.6%0.0%0.0%-21.6%1.2K14.2K-5610.06103.84N/AN/A1611,221288
2008-10-29$4.21$5.0084.5%24.2%142.7%48.4%0.0%0.0%-19.1%1.2K5.8K-5930.00113.32N/AN/A1001,221287
2008-10-30$5.36$5.0099.0%28.4%169.0%62.0%0.0%0.0%-7.7%708-57.4K-6000.04101.24N/AN/A7331,231287
2008-10-31$5.00$5.0097.4%27.9%170.6%60.5%0.0%0.0%-6.6%2.1K-35.4K-6900.00104.64N/AN/A1001,292287