TINY Options History — February 2009

In February 2009, TINY traded between $3.10 and $3.72. ATM implied volatility averaged 102.8%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 26.2%. IV traded above realized volatility by 24.3% (HV 20d: 78.5%). Max pain ranged from $2.50 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 0.38.

Notable Days

2009-02-04: Highest Volume — 295 contracts
2009-02-12: Largest IV drop — 43.9% change
2009-02-09: Highest IV Rank — 72.1%
2009-02-05: Largest Expected Move — 33.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.37	$3.10	$3.72	$3.69	$3.14
Max Pain	$3.03	$2.50	$5.00	$5.00	$2.50
ATM IV	102.8%	80.2%	145.8%	107.9%	93.8%
Expected Move	26.2%	22.4%	33.2%	30.9%	26.9%
HV 20d	78.5%	70.3%	85.1%	72.9%	72.8%
HV 60d	109.3%	81.6%	126.5%	126.5%	81.6%
IV Rank	44.5%	30.0%	72.1%	47.8%	38.7%
IV Percentile	86.7%	72.2%	99.6%	97.2%	82.9%
Term Structure	-9.9%	-53.4%	7.9%	-21.8%	-9.4%
VWIV	86.2%	83.3%	90.4%	90.4%	83.3%
Bid-Ask Spread %	86.44	56.20	112.03	66.97	58.03
Gamma HHI	0.69	0.55	0.87	0.55	0.61
Net GEX	534	371	882	882	475
Net DEX	-41.2K	-79.0K	-27.2K	-79.0K	-34.0K
Net VEX	-342	-505	-284	-442	-305
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.00	3.33	0.00	0.00
Total Volume	44	0	295	100	0
Total OI	1,339.368	1,228	1,407	1,228	1,318

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
2009-02-02	$3.69	$5.00	107.9%	30.9%	72.9%	47.8%	0.0%	0.0%	-21.8%	882	-79.0K	-442	0.00	66.97	N/A	N/A	0	100	982	246
2009-02-03	$3.71	$5.00	108.9%	31.2%	72.4%	48.4%	0.0%	0.0%	-29.5%	819	-72.9K	-505	0.00	68.31	N/A	N/A	0	0	982	346
2009-02-04	$3.34	$5.00	111.2%	31.9%	79.8%	49.9%	0.0%	0.0%	-53.4%	441	-42.5K	-312	0.00	69.58	N/A	N/A	295	0	982	346
2009-02-05	$3.49	$5.00	115.7%	33.2%	81.3%	52.8%	0.0%	0.0%	-38.7%	527	-35.5K	-371	3.33	68.29	N/A	N/A	30	100	946	346
2009-02-06	$3.72	$2.50	125.6%	22.4%	85.1%	59.2%	0.0%	0.0%	-9.1%	780	-60.9K	-476	0.00	97.63	N/A	N/A	100	0	946	336
2009-02-09	$3.67	$2.50	145.8%	25.3%	84.8%	72.1%	90.4%	0.0%	-7.2%	697	-51.8K	-410	0.00	97.98	N/A	N/A	27	0	1,016	336
2009-02-10	$3.40	$2.50	140.5%	24.9%	84.4%	68.7%	0.0%	0.0%	-9.8%	533	-38.7K	-334	0.00	98.56	N/A	N/A	0	0	1,021	336
2009-02-11	$3.36	$2.50	143.2%	24.6%	84.5%	70.4%	0.0%	0.0%	-5.5%	443	-34.9K	-306	0.00	80.52	N/A	N/A	0	0	1,021	336
2009-02-12	$3.41	$2.50	80.3%	23.0%	83.4%	30.1%	0.0%	0.0%	2.4%	403	-34.1K	-307	0.00	98.58	N/A	N/A	50	0	1,021	336
2009-02-13	$3.44	$2.50	84.1%	24.1%	83.2%	32.5%	0.0%	0.0%	-2.3%	571	-38.4K	-332	0.00	111.76	N/A	N/A	0	0	1,063	336
2009-02-17	$3.23	$2.50	86.7%	24.9%	84.8%	34.2%	0.0%	0.0%	-8.3%	463	-29.9K	-303	0.00	110.44	N/A	N/A	0	0	1,063	336
2009-02-18	$3.21	$2.50	80.2%	23.0%	79.6%	30.0%	0.0%	0.0%	7.7%	419	-28.4K	-302	0.00	110.58	N/A	N/A	8	0	1,063	336
2009-02-19	$3.19	$2.50	82.6%	23.7%	70.3%	31.5%	0.0%	0.0%	1.9%	413	-27.2K	-295	0.00	110.89	N/A	N/A	0	0	1,071	336
2009-02-20	$3.23	$2.50	81.9%	23.5%	70.3%	31.1%	87.4%	0.0%	7.9%	401	-28.0K	-291	0.00	110.89	N/A	N/A	104	0	1,071	336
2009-02-23	$3.10	$2.50	83.6%	24.0%	71.5%	32.2%	83.7%	0.0%	-5.9%	449	-31.8K	-294	0.10	112.03	N/A	N/A	10	1	980	316
2009-02-24	$3.36	$2.50	90.5%	26.0%	77.9%	36.6%	0.0%	0.0%	-19.3%	371	-38.9K	-284	0.00	56.48	N/A	N/A	10	0	990	317
2009-02-25	$3.24	$2.50	94.4%	27.1%	78.7%	39.1%	83.3%	0.0%	6.8%	552	-40.2K	-320	0.00	56.20	N/A	N/A	0	1	1,000	317
2009-02-26	$3.16	$2.50	95.8%	27.5%	74.1%	40.0%	0.0%	0.0%	5.3%	507	-36.5K	-303	0.00	58.59	N/A	N/A	0	0	1,000	318
2009-02-27	$3.14	$2.50	93.8%	26.9%	72.8%	38.7%	0.0%	0.0%	-9.4%	475	-34.0K	-305	0.00	58.03	N/A	N/A	0	0	1,000	318