TINY Options History — November 2008

In November 2008, TINY traded between $3.10 and $5.36. ATM implied volatility averaged 85.9%, placing in the 49.7% IV rank vs the trailing year. The 30-day expected move averaged 24.2%. IV traded below realized volatility by 83.0% (HV 20d: 169.0%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.09.

Notable Days

2008-11-03: Highest Volume — 147 contracts
2008-11-19: Largest IV spike — 52.1% change
2008-11-12: Highest IV Rank — 68.8%
2008-11-19: Largest Expected Move — 29.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.23	$3.10	$5.36	$5.08	$4.03
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	85.9%	65.3%	106.3%	98.2%	71.9%
Expected Move	24.2%	18.7%	29.4%	28.2%	20.6%
HV 20d	169.0%	148.8%	199.9%	168.3%	178.2%
HV 60d	149.0%	136.0%	166.0%	136.3%	166.0%
IV Rank	49.7%	30.3%	68.8%	61.2%	36.5%
IV Percentile	93.1%	84.5%	99.2%	97.2%	86.9%
Term Structure	-3.4%	-54.0%	48.1%	-11.0%	48.1%
VWIV	88.5%	72.9%	111.5%	72.9%	78.5%
Bid-Ask Spread %	100.43	83.31	111.89	104.14	83.31
Gamma HHI	0.41	0.29	0.54	0.43	0.39
Net GEX	1.4K	324	3.2K	2.1K	571
Net DEX	-15.8K	-65.3K	42.1K	-31.3K	-65.3K
Net VEX	-536	-700	-175	-660	-635
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.09	0.00	0.50	0.00	0.32
Total Volume	29.211	0	147	147	0
Total OI	1,788.211	1,589	1,968	1,589	1,901

Daily Data (19 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
2008-11-03	$5.08	$5.00	98.2%	28.2%	168.3%	61.2%	0.0%	0.0%	-11.0%	2.1K	-31.3K	-660	0.00	104.14	N/A	N/A	147	0	1,302	287
2008-11-04	$5.36	$5.00	83.0%	23.8%	167.5%	47.0%	72.9%	0.0%	19.6%	3.2K	-62.2K	-700	0.00	99.73	N/A	N/A	38	0	1,421	287
2008-11-05	$4.99	$5.00	87.3%	25.0%	169.0%	51.0%	0.0%	0.0%	-8.4%	2.5K	-42.3K	-668	0.00	105.00	N/A	N/A	1	0	1,446	287
2008-11-06	$4.58	$5.00	95.4%	27.3%	164.3%	58.6%	111.5%	0.0%	-18.9%	2.2K	-37.7K	-664	0.50	95.93	N/A	N/A	2	1	1,447	287
2008-11-07	$5.05	$5.00	86.1%	26.1%	166.7%	49.8%	0.0%	0.0%	-14.7%	2.8K	-40.4K	-669	0.00	92.90	N/A	N/A	0	0	1,449	288
2008-11-10	$4.55	$5.00	79.2%	23.5%	154.6%	43.4%	0.0%	0.0%	-14.0%	2.1K	-12.7K	-601	0.00	101.15	N/A	N/A	20	0	1,449	288
2008-11-11	$4.20	$5.00	79.1%	22.8%	154.9%	43.3%	0.0%	0.0%	-25.2%	1.1K	6.2K	-536	0.00	104.16	N/A	N/A	2	0	1,449	288
2008-11-12	$3.87	$5.00	106.3%	19.6%	148.8%	68.8%	0.0%	0.0%	-1.3%	324	39.9K	-394	0.00	111.00	N/A	N/A	0	0	1,451	288
2008-11-13	$4.72	$5.00	92.9%	26.6%	155.2%	56.3%	94.4%	0.0%	-15.3%	2.5K	-32.3K	-651	0.03	104.19	N/A	N/A	61	2	1,451	288
2008-11-14	$4.14	$5.00	80.9%	23.2%	160.5%	45.0%	0.0%	0.0%	-23.9%	1.1K	-14.9K	-568	0.00	101.51	N/A	N/A	0	0	1,511	288
2008-11-17	$3.90	$5.00	68.3%	19.6%	158.2%	33.2%	0.0%	0.0%	10.3%	378	22.2K	-407	0.03	111.89	N/A	N/A	30	1	1,511	288
2008-11-18	$4.12	$5.00	67.3%	19.3%	159.8%	32.3%	85.4%	0.0%	27.8%	829	-7.6K	-527	0.00	110.41	N/A	N/A	0	3	1,541	288
2008-11-19	$3.55	$5.00	102.4%	29.4%	166.0%	65.2%	78.5%	0.0%	-54.0%	475	40.7K	-283	0.30	99.89	N/A	N/A	53	16	1,541	285
2008-11-20	$3.10	$5.00	77.9%	22.3%	171.7%	42.2%	0.0%	0.0%	37.0%	512	42.1K	-175	0.00	110.50	N/A	N/A	107	0	1,589	272
2008-11-21	$3.80	$5.00	98.8%	28.3%	188.1%	61.8%	0.0%	0.0%	-21.7%	1.3K	-64.7K	-676	0.00	91.45	N/A	N/A	10	0	1,696	272
2008-11-24	$3.97	$5.00	65.3%	18.7%	186.9%	30.3%	0.0%	0.0%	32.1%	608	-38.5K	-579	0.00	96.74	N/A	N/A	0	0	1,569	271
2008-11-25	$3.43	$5.00	96.5%	27.7%	192.3%	59.6%	0.0%	0.0%	-22.2%	847	28.2K	-256	0.00	96.99	N/A	N/A	20	0	1,569	271
2008-11-26	$3.96	$5.00	96.2%	27.6%	199.9%	59.4%	0.0%	0.0%	-9.8%	819	-30.3K	-527	0.32	87.23	N/A	N/A	31	10	1,589	271
2008-11-28	$4.03	$5.00	71.9%	20.6%	178.2%	36.5%	0.0%	0.0%	48.1%	571	-65.3K	-635	0.00	83.31	N/A	N/A	0	0	1,620	281