TINY Options History — August 2009

In August 2009, TINY traded between $5.89 and $6.79. ATM implied volatility averaged 51.8%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 11.7% (HV 20d: 40.1%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.21.

Notable Days

  • 2009-08-12: Highest Volume — 106 contracts
  • 2009-08-10: Largest IV spike — 69.1% change
  • 2009-08-12: Highest IV Rank — 46.2%
  • 2009-08-31: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.32$5.89$6.79$6.45$5.89
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV51.8%39.3%104.6%50.4%57.5%
Expected Move13.0%9.1%16.5%14.5%16.5%
HV 20d40.1%35.9%44.9%41.9%39.7%
HV 60d55.3%50.7%58.9%58.5%51.2%
IV Rank12.6%4.6%46.2%11.7%16.2%
IV Percentile19.0%0.8%91.3%18.7%29.4%
Term Structure4.4%-14.8%18.6%-14.8%-1.5%
VWIV53.3%35.9%72.2%35.9%59.4%
Bid-Ask Spread %85.3723.59153.2281.1369.60
Gamma HHI0.510.500.550.510.55
Net GEX7.9K6.9K8.7K8.4K8.3K
Net DEX-698.5K-780.0K-602.8K-690.7K-602.8K
Net VEX-1.5K-1.8K-1.3K-1.7K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.002.000.000.00
Total Volume19.0950106910
Total OI1,929.4291,8571,9851,8721,980

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-08-03$6.45$5.0050.4%14.5%41.9%11.7%0.0%0.0%-14.8%8.4K-690.7K-1.7K0.0081.13N/AN/A901,603269
2009-08-04$6.79$5.0039.3%11.3%43.6%4.6%35.9%0.0%12.6%8.0K-780.0K-1.8K0.00151.68N/AN/A1001,612269
2009-08-05$6.71$5.0043.8%12.5%37.2%7.5%0.0%0.0%5.8%8.1K-762.4K-1.8K0.00153.22N/AN/A501,609269
2009-08-06$6.59$5.0042.4%12.2%36.0%6.6%0.0%0.0%11.0%8.0K-742.2K-1.8K0.00141.17N/AN/A201,613269
2009-08-07$6.70$5.0041.0%12.6%36.0%5.7%72.2%0.0%3.9%8.2K-773.5K-1.7K0.00109.60N/AN/A5301,615269
2009-08-10$6.63$5.0069.3%9.3%35.9%23.8%0.0%0.0%18.6%8.0K-749.5K-1.6K0.00114.27N/AN/A1001,588269
2009-08-11$6.43$5.0065.8%9.1%38.6%21.5%0.0%0.0%16.1%8.3K-710.1K-1.6K0.00115.28N/AN/A1301,598269
2009-08-12$6.38$5.00104.6%10.0%37.7%46.2%0.0%0.0%13.0%8.4K-697.9K-1.6K0.00116.23N/AN/A10601,605269
2009-08-13$6.53$5.0045.3%13.0%38.1%8.4%0.0%0.0%-3.0%8.7K-745.9K-1.8K1.43131.95N/AN/A7101,687269
2009-08-14$6.19$5.0047.5%13.6%42.9%9.8%50.2%0.0%8.7%7.9K-699.7K-1.5K0.0096.90N/AN/A4001,687279
2009-08-17$5.99$5.0048.0%13.8%44.9%10.2%0.0%0.0%6.9%8.2K-658.5K-1.4K2.0069.59N/AN/A10201,687279
2009-08-18$6.00$5.0046.1%13.2%44.6%9.0%0.0%0.0%7.8%8.0K-655.0K-1.4K0.0068.16N/AN/A001,686299
2009-08-19$5.94$5.0046.1%13.2%42.0%8.9%49.0%0.0%5.8%8.2K-630.6K-1.4K0.0068.99N/AN/A1001,673299
2009-08-20$6.01$5.0047.3%13.6%41.8%9.7%0.0%0.0%7.3%7.7K-644.7K-1.4K0.0069.59N/AN/A501,663299
2009-08-21$6.19$5.0050.3%14.4%41.6%11.6%0.0%0.0%3.8%7.3K-691.3K-1.4K0.0067.49N/AN/A001,668299
2009-08-24$6.25$5.0056.6%16.2%41.7%15.6%59.4%0.0%-14.5%7.6K-686.7K-1.5K0.0069.22N/AN/A901,645299
2009-08-25$6.32$5.0039.3%11.3%40.8%4.6%0.0%0.0%13.3%7.6K-699.7K-1.5K0.0023.68N/AN/A0301,645299
2009-08-26$6.35$5.0043.1%12.4%40.7%7.1%0.0%0.0%12.2%7.9K-705.5K-1.5K0.1026.25N/AN/A1011,645305
2009-08-27$6.22$5.0052.2%15.0%38.8%12.8%0.0%0.0%-9.9%6.9K-680.0K-1.4K0.0323.59N/AN/A3011,645306
2009-08-28$6.09$5.0052.3%15.0%38.2%12.9%0.0%0.0%-11.2%7.2K-662.7K-1.4K0.0025.12N/AN/A001,673307
2009-08-31$5.89$5.0057.5%16.5%39.7%16.2%0.0%0.0%-1.5%8.3K-602.8K-1.3K0.0069.60N/AN/A1001,673307