TINY Options History — December 2008

In December 2008, TINY traded between $3.46 and $4.61. ATM implied volatility averaged 90.0%, placing in the 53.5% IV rank vs the trailing year. The 30-day expected move averaged 26.5%. IV traded below realized volatility by 64.2% (HV 20d: 154.2%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.37.

Notable Days

  • 2008-12-01: Highest Volume — 60 contracts
  • 2008-12-02: Largest IV drop — 43.0% change
  • 2008-12-01: Highest IV Rank — 81.8%
  • 2008-12-01: Largest Expected Move — 34.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.03$3.46$4.61$3.46$3.95
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV90.0%67.1%120.1%120.1%67.1%
Expected Move26.5%19.2%34.4%34.4%19.2%
HV 20d154.2%90.8%188.7%183.9%90.8%
HV 60d165.4%152.0%172.6%168.5%152.7%
IV Rank53.5%31.7%81.8%81.8%31.7%
IV Percentile90.7%75.8%99.6%99.6%75.8%
Term Structure9.1%-35.7%44.3%23.3%16.8%
VWIV83.3%62.0%104.7%62.0%104.7%
Bid-Ask Spread %83.1364.03103.8081.4568.64
Gamma HHI0.340.310.420.350.36
Net GEX1.1K7561.5K8161.1K
Net DEX-66.4K-121.4K-17.5K-17.5K-112.2K
Net VEX-520-713-289-450-527
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.002.000.200.00
Total Volume14.1820606028
Total OI1,604.2278111,9781,901896

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-12-01$3.46$5.00120.1%34.4%183.9%81.8%0.0%0.0%23.3%816-17.5K-4500.2081.45N/AN/A50101,620281
2008-12-02$3.83$5.0068.4%19.6%188.5%33.3%0.0%0.0%37.8%1.0K-34.4K-5220.0078.38N/AN/A001,670291
2008-12-03$4.06$5.0067.1%19.2%188.7%32.0%62.0%0.0%44.3%1.1K-41.4K-5420.0079.53N/AN/A201,670291
2008-12-04$3.99$5.0075.3%21.6%187.5%39.8%0.0%0.0%30.6%1.0K-50.4K-5560.0081.08N/AN/A001,671291
2008-12-05$4.30$5.0091.4%29.8%187.7%54.9%0.0%0.0%8.7%1.5K-111.5K-7130.0064.52N/AN/A201,671291
2008-12-08$4.61$5.00100.7%28.8%186.0%63.6%0.0%0.0%7.2%1.0K-117.7K-6910.0064.03N/AN/A3501,669291
2008-12-09$4.34$5.0078.9%29.7%183.5%43.1%0.0%0.0%-6.1%756-86.0K-6410.5090.68N/AN/A20101,677291
2008-12-10$4.20$5.0088.0%30.2%181.6%51.6%0.0%0.0%-2.6%1.2K-41.5K-5320.0094.12N/AN/A001,657301
2008-12-11$3.84$5.0091.5%26.2%182.1%54.9%0.0%0.0%-4.8%962-33.8K-4790.0077.57N/AN/A1001,657301
2008-12-12$3.97$5.0097.2%27.9%166.9%60.3%0.0%0.0%1.2%977-33.9K-5120.00102.18N/AN/A001,657301
2008-12-15$3.88$5.0089.5%25.7%160.7%53.1%0.0%0.0%-0.2%964-37.5K-5220.40103.80N/AN/A521,657301
2008-12-16$4.33$5.00103.6%29.7%164.0%66.3%0.0%0.0%-3.6%1.1K-42.5K-5490.0094.84N/AN/A001,657302
2008-12-17$4.50$5.00104.5%29.9%163.5%67.1%104.7%0.0%-7.1%1.3K-44.5K-5220.0071.39N/AN/A1401,657302
2008-12-18$4.45$5.00102.9%29.5%153.3%65.6%0.0%0.0%-6.2%1.4K-48.9K-5340.0076.46N/AN/A701,669302
2008-12-19$4.14$5.0080.7%23.1%146.8%44.8%0.0%0.0%8.2%1.3K-45.1K-5240.5084.31N/AN/A1051,676302
2008-12-22$4.04$5.0092.1%26.4%129.1%55.5%0.0%0.0%38.9%1.1K-121.4K-5172.0094.75N/AN/A1271794
2008-12-23$3.91$5.0071.9%20.6%128.7%36.5%0.0%0.0%31.3%1.1K-113.0K-5022.0094.90N/AN/A102071896
2008-12-24$3.86$5.0075.6%21.7%116.9%40.1%0.0%0.0%27.8%968-105.0K-5040.0094.64N/AN/A00721116
2008-12-26$3.81$5.0085.1%24.4%105.1%48.9%0.0%0.0%16.2%929-98.8K-4810.0094.02N/AN/A00721116
2008-12-29$3.63$5.00113.1%32.4%106.0%75.2%0.0%0.0%-26.5%1.0K-67.0K-3340.0067.14N/AN/A500721116
2008-12-30$3.57$5.00114.9%32.9%90.9%76.9%0.0%0.0%-35.7%1.0K-56.8K-2890.0070.42N/AN/A190771116
2008-12-31$3.95$5.0067.1%19.2%90.8%31.7%0.0%0.0%16.8%1.1K-112.2K-5270.0068.64N/AN/A280780116