TINY Options History — March 2009

In March 2009, TINY traded between $2.65 and $4.05. ATM implied volatility averaged 89.4%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 24.8%. IV traded below realized volatility by 12.7% (HV 20d: 102.1%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.39.

Notable Days

2009-03-05: Highest Volume — 195 contracts
2009-03-27: Largest IV spike — 57.5% change
2009-03-31: Highest IV Rank — 53.1%
2009-03-31: Largest Expected Move — 33.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.44	$2.65	$4.05	$2.99	$3.70
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	89.4%	56.6%	116.1%	100.2%	116.1%
Expected Move	24.8%	16.2%	33.3%	28.7%	33.3%
HV 20d	102.1%	73.2%	116.1%	74.2%	116.1%
HV 60d	87.1%	79.1%	90.7%	79.3%	90.2%
IV Rank	35.9%	14.9%	53.1%	42.9%	53.1%
IV Percentile	76.8%	49.6%	97.2%	88.9%	97.2%
Term Structure	-5.7%	-48.3%	43.7%	-17.9%	-48.3%
VWIV	87.5%	76.1%	93.3%	91.5%	93.3%
Bid-Ask Spread %	77.07	26.19	114.73	57.26	26.19
Gamma HHI	0.67	0.48	0.90	0.52	0.78
Net GEX	839	207	1.3K	590	1.2K
Net DEX	-68.6K	-121.3K	-9.5K	-28.5K	-80.6K
Net VEX	-454	-646	-184	-317	-468
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.00	4.29	0.13	0.00
Total Volume	19.091	0	195	9	0
Total OI	1,280.091	901	1,495	1,318	955

Daily Data (22 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
2009-03-02	$2.99	$2.50	100.2%	28.7%	74.2%	42.9%	0.0%	0.0%	-17.9%	590	-28.5K	-317	0.13	57.26	N/A	N/A	8	1	1,000	318
2009-03-03	$2.81	$2.50	81.2%	23.3%	73.2%	30.6%	91.5%	0.0%	-27.2%	682	-21.7K	-306	0.00	61.65	N/A	N/A	13	0	1,008	319
2009-03-04	$3.01	$2.50	96.8%	27.8%	78.7%	40.7%	0.0%	0.0%	-26.2%	456	-23.2K	-304	0.00	60.36	N/A	N/A	0	0	998	319
2009-03-05	$2.65	$2.50	93.1%	26.7%	82.5%	38.3%	0.0%	0.0%	-21.9%	577	-9.5K	-310	0.59	63.77	N/A	N/A	123	72	998	319
2009-03-06	$3.10	$0.00	96.9%	25.3%	100.4%	40.7%	0.0%	0.0%	33.9%	207	-43.2K	-184	0.00	58.80	N/A	N/A	2	0	1,121	355
2009-03-09	$3.04	$0.00	98.6%	26.5%	97.0%	41.8%	0.0%	0.0%	15.7%	459	-27.8K	-366	4.29	81.60	N/A	N/A	7	30	1,120	355
2009-03-10	$3.32	$0.00	99.6%	20.2%	103.1%	42.5%	0.0%	0.0%	28.4%	660	-58.0K	-472	0.00	94.30	N/A	N/A	7	0	1,120	334
2009-03-11	$3.13	$0.00	97.2%	22.9%	101.6%	40.9%	89.3%	0.0%	12.0%	589	-37.9K	-370	0.10	98.73	N/A	N/A	20	2	1,127	334
2009-03-12	$3.48	$2.50	89.1%	25.6%	108.8%	35.7%	0.0%	0.0%	-41.0%	800	-83.4K	-546	0.00	95.09	N/A	N/A	0	0	1,147	332
2009-03-13	$3.38	$2.50	78.7%	22.6%	109.2%	29.0%	76.1%	0.0%	21.1%	575	-55.9K	-366	0.00	94.80	N/A	N/A	20	0	1,147	332
2009-03-16	$3.47	$2.50	86.1%	24.7%	109.6%	33.8%	0.0%	0.0%	-3.8%	669	-62.7K	-356	0.30	94.68	N/A	N/A	20	6	1,147	332
2009-03-17	$3.55	$2.50	77.9%	22.3%	107.2%	28.5%	0.0%	0.0%	-9.9%	883	-89.2K	-560	0.00	94.99	N/A	N/A	0	1	1,164	330
2009-03-18	$3.75	$2.50	85.2%	24.4%	108.6%	33.2%	0.0%	0.0%	-17.7%	982	-106.5K	-590	0.00	95.46	N/A	N/A	0	0	1,164	331
2009-03-19	$3.74	$2.50	87.3%	25.0%	108.5%	34.5%	93.3%	0.0%	-35.0%	1.0K	-104.9K	-595	0.00	36.02	N/A	N/A	1	0	1,164	329
2009-03-20	$3.69	$2.50	97.4%	27.9%	108.8%	41.0%	0.0%	0.0%	-4.4%	1.1K	-86.4K	-480	0.00	92.34	N/A	N/A	10	0	1,165	329
2009-03-23	$3.98	$2.50	56.6%	16.2%	109.9%	14.9%	0.0%	0.0%	43.7%	1.2K	-99.4K	-570	0.00	95.81	N/A	N/A	49	0	652	249
2009-03-24	$3.82	$2.50	67.9%	19.5%	108.3%	22.1%	0.0%	0.0%	11.6%	1.3K	-103.2K	-604	0.00	69.91	N/A	N/A	6	0	697	249
2009-03-25	$3.92	$2.50	73.5%	21.1%	107.3%	25.7%	0.0%	0.0%	13.0%	1.3K	-105.1K	-603	0.00	69.79	N/A	N/A	0	0	697	249
2009-03-26	$4.05	$2.50	67.8%	19.4%	106.8%	22.1%	0.0%	0.0%	15.9%	1.3K	-121.3K	-646	0.00	69.74	N/A	N/A	22	0	697	249
2009-03-27	$3.75	$2.50	106.9%	30.6%	111.3%	47.1%	0.0%	0.0%	-32.8%	1.2K	-105.4K	-612	0.00	69.45	N/A	N/A	0	0	706	249
2009-03-30	$3.40	$2.50	112.9%	32.4%	115.9%	51.0%	0.0%	0.0%	-33.9%	824	-55.6K	-355	0.00	114.73	N/A	N/A	0	0	706	249
2009-03-31	$3.70	$2.50	116.1%	33.3%	116.1%	53.1%	0.0%	0.0%	-48.3%	1.2K	-80.6K	-468	0.00	26.19	N/A	N/A	0	0	706	249