TINY Options History — January 2009

In January 2009, TINY traded between $3.26 and $4.32. ATM implied volatility averaged 95.8%, placing in the 44.9% IV rank vs the trailing year. The 30-day expected move averaged 25.4%. IV traded above realized volatility by 14.7% (HV 20d: 81.1%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.03.

Notable Days

2009-01-21: Highest Volume — 102 contracts
2009-01-12: Largest IV spike — 74.6% change
2009-01-12: Highest IV Rank — 100.0%
2009-01-29: Largest Expected Move — 30.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.70	$3.26	$4.32	$4.23	$3.51
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	95.8%	72.6%	189.2%	72.6%	102.7%
Expected Move	25.4%	20.8%	30.5%	20.8%	29.4%
HV 20d	81.1%	68.9%	91.7%	91.7%	75.1%
HV 60d	139.1%	126.6%	152.9%	152.9%	126.6%
IV Rank	44.9%	30.4%	100.0%	36.9%	44.5%
IV Percentile	88.7%	80.2%	100.0%	80.2%	94.4%
Term Structure	-10.8%	-44.6%	19.5%	11.4%	-22.0%
VWIV	66.2%	66.2%	66.2%	66.2%	66.2%
Bid-Ask Spread %	76.53	66.18	94.53	70.26	68.88
Gamma HHI	0.44	0.40	0.47	0.40	0.44
Net GEX	1.2K	858	1.8K	1.5K	944
Net DEX	-87.0K	-142.3K	-47.0K	-126.6K	-67.6K
Net VEX	-386	-590	-226	-521	-287
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.42	0.00	0.00
Total Volume	20.75	0	102	41	100
Total OI	1,041.7	919	1,128	919	1,128

Daily Data (20 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
2009-01-02	$4.23	$5.00	72.6%	20.8%	91.7%	36.9%	66.2%	0.0%	11.4%	1.5K	-126.6K	-521	0.00	70.26	N/A	N/A	41	0	803	116
2009-01-05	$4.32	$5.00	75.0%	24.0%	91.7%	39.1%	0.0%	0.0%	-0.3%	1.8K	-142.3K	-542	0.00	87.32	N/A	N/A	21	0	843	116
2009-01-06	$4.17	$5.00	87.6%	24.3%	88.7%	51.0%	0.0%	0.0%	-8.7%	1.6K	-120.1K	-492	0.00	76.02	N/A	N/A	9	0	826	116
2009-01-07	$4.01	$5.00	96.2%	26.3%	85.4%	59.2%	0.0%	0.0%	-10.3%	1.5K	-117.3K	-505	0.00	74.57	N/A	N/A	100	0	835	116
2009-01-08	$4.01	$5.00	88.9%	21.2%	83.1%	52.3%	0.0%	0.0%	4.5%	1.7K	-131.6K	-590	0.00	82.16	N/A	N/A	2	0	904	116
2009-01-09	$3.91	$5.00	108.3%	21.0%	82.8%	70.6%	0.0%	0.0%	-4.1%	1.7K	-122.5K	-550	0.00	82.11	N/A	N/A	6	0	903	116
2009-01-12	$3.61	$5.00	189.2%	26.1%	81.5%	100.0%	0.0%	0.0%	-17.0%	1.3K	-87.9K	-453	0.00	68.09	N/A	N/A	4	0	909	116
2009-01-13	$3.61	$5.00	84.2%	24.2%	80.4%	32.6%	0.0%	0.0%	-13.6%	1.2K	-67.6K	-318	0.00	92.77	N/A	N/A	10	0	913	116
2009-01-14	$3.46	$5.00	88.9%	25.5%	81.3%	35.6%	0.0%	0.0%	19.5%	1.1K	-62.0K	-299	0.00	93.34	N/A	N/A	0	0	913	116
2009-01-15	$3.40	$5.00	80.9%	23.2%	68.9%	30.4%	0.0%	0.0%	4.8%	946	-49.5K	-226	0.00	93.77	N/A	N/A	5	0	913	116
2009-01-16	$3.54	$5.00	83.0%	23.8%	69.1%	31.8%	0.0%	0.0%	-13.5%	1.3K	-80.0K	-414	0.00	94.53	N/A	N/A	0	0	918	116
2009-01-20	$3.26	$5.00	93.9%	26.9%	73.5%	38.8%	0.0%	0.0%	12.0%	1.0K	-47.0K	-242	0.00	71.70	N/A	N/A	0	0	906	116
2009-01-21	$3.60	$5.00	90.4%	25.9%	80.8%	36.5%	0.0%	0.0%	-23.6%	1.1K	-72.8K	-325	0.42	68.87	N/A	N/A	72	30	906	116
2009-01-22	$3.52	$5.00	87.4%	25.0%	80.7%	34.6%	0.0%	0.0%	-25.3%	858	-65.2K	-282	0.00	66.60	N/A	N/A	0	0	969	146
2009-01-23	$3.53	$5.00	83.2%	23.9%	80.2%	31.9%	0.0%	0.0%	-15.9%	864	-64.0K	-273	0.00	66.18	N/A	N/A	0	0	969	146
2009-01-26	$3.54	$5.00	97.6%	28.0%	80.2%	41.2%	0.0%	0.0%	-18.3%	966	-66.2K	-284	0.00	68.14	N/A	N/A	0	0	969	146
2009-01-27	$3.50	$5.00	97.0%	27.8%	80.1%	40.8%	0.0%	0.0%	-18.4%	916	-69.3K	-304	0.00	67.92	N/A	N/A	5	0	969	146
2009-01-28	$3.75	$5.00	102.6%	29.4%	82.4%	44.4%	0.0%	0.0%	-32.9%	1.4K	-106.1K	-504	0.00	68.94	N/A	N/A	10	0	972	146
2009-01-29	$3.58	$5.00	106.3%	30.5%	83.9%	46.8%	0.0%	0.0%	-44.6%	906	-74.8K	-315	0.00	68.44	N/A	N/A	0	0	982	146
2009-01-30	$3.51	$5.00	102.7%	29.4%	75.1%	44.5%	0.0%	0.0%	-22.0%	944	-67.6K	-287	0.00	68.88	N/A	N/A	0	100	982	146