TINY Options History — May 2009

In May 2009, TINY traded between $4.07 and $4.93. ATM implied volatility averaged 61.5%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 17.7% (HV 20d: 79.2%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.32.

Notable Days

2009-05-21: Highest Volume — 80 contracts
2009-05-13: Largest IV spike — 41.5% change
2009-05-13: Highest IV Rank — 46.2%
2009-05-01: Largest Expected Move — 21.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.47	$4.07	$4.93	$4.93	$4.42
Max Pain	$2.63	$2.50	$5.00	$5.00	$2.50
ATM IV	61.5%	42.3%	106.2%	73.8%	47.3%
Expected Move	16.6%	12.1%	21.2%	21.2%	13.6%
HV 20d	79.2%	62.9%	84.1%	82.5%	65.2%
HV 60d	92.1%	91.2%	93.2%	92.5%	91.2%
IV Rank	17.2%	4.7%	46.2%	25.9%	8.0%
IV Percentile	37.3%	4.4%	92.1%	55.6%	15.5%
Term Structure	10.3%	-12.9%	28.1%	-12.9%	28.1%
VWIV	56.6%	40.7%	67.1%	65.3%	40.7%
Bid-Ask Spread %	58.73	25.08	113.90	108.66	27.61
Gamma HHI	0.78	0.71	0.82	0.80	0.79
Net GEX	3.6K	2.8K	4.5K	4.3K	4.5K
Net DEX	-176.7K	-243.5K	-125.7K	-236.0K	-160.0K
Net VEX	-760	-810	-683	-786	-765
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.00	2.00	0.00	0.00
Total Volume	14.85	0	80	0	0
Total OI	1,335.15	1,266	1,461	1,266	1,461

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
2009-05-01	$4.93	$5.00	73.8%	21.2%	82.5%	25.9%	0.0%	0.0%	-12.9%	4.3K	-236.0K	-786	0.00	108.66	N/A	N/A	0	0	972	294
2009-05-04	$4.90	$2.50	71.1%	18.7%	81.7%	23.4%	65.3%	0.0%	3.7%	4.3K	-243.5K	-802	0.00	72.92	N/A	N/A	27	0	972	294
2009-05-05	$4.73	$2.50	64.9%	18.8%	81.2%	19.4%	0.0%	0.0%	2.9%	4.1K	-222.1K	-810	0.00	53.28	N/A	N/A	0	0	999	294
2009-05-06	$4.75	$2.50	66.8%	18.8%	79.4%	20.6%	0.0%	0.0%	3.0%	4.1K	-220.7K	-807	0.00	102.26	N/A	N/A	3	0	999	294
2009-05-07	$4.40	$2.50	74.0%	16.9%	82.2%	25.3%	0.0%	0.0%	4.6%	3.4K	-183.9K	-779	0.00	37.77	N/A	N/A	0	10	1,002	294
2009-05-08	$4.58	$2.50	64.0%	19.0%	83.1%	18.8%	67.1%	0.0%	1.6%	3.8K	-202.2K	-799	0.00	46.67	N/A	N/A	20	0	1,002	304
2009-05-11	$4.55	$2.50	86.1%	20.6%	82.6%	33.2%	0.0%	0.0%	-4.5%	3.6K	-191.1K	-789	0.00	42.87	N/A	N/A	0	0	1,006	304
2009-05-12	$4.72	$2.50	75.0%	19.1%	83.1%	25.9%	0.0%	0.0%	2.4%	4.2K	-213.2K	-788	0.00	48.72	N/A	N/A	0	0	1,006	304
2009-05-13	$4.46	$2.50	106.2%	20.8%	84.1%	46.2%	0.0%	0.0%	-6.2%	3.3K	-182.2K	-757	0.00	41.99	N/A	N/A	0	0	1,006	304
2009-05-14	$4.42	$2.50	63.6%	18.2%	83.7%	18.5%	0.0%	0.0%	-2.7%	3.3K	-178.5K	-741	2.00	44.29	N/A	N/A	10	20	1,006	304
2009-05-15	$4.22	$2.50	54.4%	15.6%	82.7%	12.6%	53.4%	0.0%	14.5%	2.9K	-138.6K	-683	1.50	112.63	N/A	N/A	20	30	1,006	304
2009-05-18	$4.47	$2.50	56.9%	16.3%	82.8%	14.2%	0.0%	0.0%	15.9%	3.3K	-165.2K	-787	0.00	113.90	N/A	N/A	0	0	970	334
2009-05-19	$4.41	$2.50	44.7%	12.8%	82.2%	6.3%	0.0%	0.0%	15.1%	3.7K	-150.6K	-733	0.00	72.19	N/A	N/A	4	0	970	334
2009-05-20	$4.38	$2.50	42.3%	12.1%	82.1%	4.7%	40.7%	0.0%	15.6%	3.7K	-152.0K	-720	0.00	70.24	N/A	N/A	29	0	974	334
2009-05-21	$4.31	$2.50	49.9%	14.3%	82.2%	9.7%	0.0%	0.0%	21.6%	3.4K	-149.2K	-736	0.00	71.21	N/A	N/A	80	0	1,003	334
2009-05-22	$4.09	$2.50	45.6%	13.1%	83.8%	6.8%	0.0%	0.0%	26.1%	2.9K	-128.7K	-711	0.00	27.13	N/A	N/A	2	0	1,083	334
2009-05-26	$4.32	$2.50	48.3%	13.8%	72.9%	8.6%	0.0%	0.0%	28.0%	3.8K	-147.4K	-754	0.00	26.68	N/A	N/A	3	0	1,085	334
2009-05-27	$4.07	$2.50	49.4%	14.2%	62.9%	9.3%	0.0%	0.0%	24.0%	2.8K	-125.7K	-694	0.00	25.08	N/A	N/A	39	0	1,088	334
2009-05-28	$4.25	$2.50	45.6%	13.1%	63.1%	6.9%	0.0%	0.0%	25.6%	3.7K	-144.1K	-763	0.00	28.52	N/A	N/A	0	0	1,127	334
2009-05-29	$4.42	$2.50	47.3%	13.6%	65.2%	8.0%	0.0%	0.0%	28.1%	4.5K	-160.0K	-765	0.00	27.61	N/A	N/A	0	0	1,127	334