TINY Options History — March 2010

In March 2010, TINY traded between $4.61 and $5.30. ATM implied volatility averaged 41.6%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 3.4% (HV 20d: 45.0%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.85.

Notable Days

2010-03-18: Highest Volume — 90 contracts
2010-03-08: Largest IV spike — 55.5% change
2010-03-08: Highest IV Rank — 26.4%
2010-03-01: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.94	$4.61	$5.30	$4.72	$4.61
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	41.6%	34.4%	54.2%	45.8%	37.6%
Expected Move	11.7%	9.9%	13.1%	13.1%	10.8%
HV 20d	45.0%	40.1%	52.0%	44.0%	40.1%
HV 60d	41.5%	40.3%	43.4%	42.0%	41.4%
IV Rank	11.4%	2.9%	26.4%	16.4%	6.6%
IV Percentile	13.4%	0.8%	48.8%	20.2%	4.8%
Term Structure	2.7%	-11.1%	15.2%	-11.1%	15.2%
VWIV	40.8%	37.3%	46.0%	46.0%	38.1%
Bid-Ask Spread %	62.54	36.75	106.06	47.15	84.15
Gamma HHI	0.60	0.46	0.78	0.55	0.46
Net GEX	2.0K	733	4.3K	1.4K	1.3K
Net DEX	-65.2K	-172.6K	19.6K	-11.7K	-48.8K
Net VEX	-881	-978	-751	-917	-853
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.00	11.00	0.00	0.00
Total Volume	25.826	0	90	2	41
Total OI	1,496.826	1,038	1,788	1,681	1,094

Daily Data (23 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
2010-03-01	$4.72	$5.00	45.8%	13.1%	44.0%	16.4%	0.0%	0.0%	-11.1%	1.4K	-11.7K	-917	0.00	47.15	N/A	N/A	2	0	1,199	482
2010-03-02	$4.75	$5.00	43.9%	12.6%	44.0%	14.2%	46.0%	0.0%	-3.0%	1.6K	-17.3K	-925	0.00	55.54	N/A	N/A	10	0	1,201	482
2010-03-03	$4.86	$5.00	38.1%	10.9%	44.2%	7.3%	40.4%	0.0%	1.9%	2.0K	-33.0K	-946	0.00	58.78	N/A	N/A	40	0	1,201	482
2010-03-04	$4.93	$5.00	44.2%	12.7%	44.3%	14.5%	0.0%	0.0%	1.0%	2.9K	-65.2K	-978	0.00	72.12	N/A	N/A	0	10	1,241	482
2010-03-05	$5.16	$5.00	34.9%	12.5%	43.7%	3.4%	43.4%	0.0%	-0.1%	4.2K	-125.2K	-967	0.00	62.63	N/A	N/A	58	0	1,241	492
2010-03-08	$5.15	$5.00	54.2%	11.4%	44.0%	26.4%	39.9%	0.0%	4.4%	2.2K	-106.1K	-940	0.42	56.91	N/A	N/A	24	10	1,200	492
2010-03-09	$5.17	$5.00	49.4%	12.6%	43.9%	20.6%	44.1%	0.0%	-0.0%	2.5K	-114.8K	-943	2.73	54.42	N/A	N/A	11	30	1,224	487
2010-03-10	$5.24	$5.00	49.0%	12.3%	43.9%	20.2%	42.2%	0.0%	1.5%	4.3K	-160.2K	-908	0.00	53.84	N/A	N/A	50	0	1,235	512
2010-03-11	$5.30	$5.00	37.9%	10.9%	43.9%	7.1%	0.0%	0.0%	10.5%	2.3K	-161.3K	-968	0.50	57.97	N/A	N/A	20	10	1,265	512
2010-03-12	$5.12	$5.00	41.9%	12.0%	46.8%	11.8%	0.0%	0.0%	4.5%	2.4K	-111.3K	-961	0.00	56.91	N/A	N/A	0	0	1,245	522
2010-03-15	$5.17	$5.00	43.5%	12.5%	46.8%	13.7%	0.0%	0.0%	2.2%	733	-172.6K	-859	0.00	54.94	N/A	N/A	0	0	1,245	522
2010-03-16	$5.08	$5.00	43.7%	12.5%	44.2%	13.9%	0.0%	0.0%	1.4%	3.0K	-102.5K	-920	0.00	62.81	N/A	N/A	27	0	1,245	522
2010-03-17	$5.11	$5.00	43.6%	12.5%	44.0%	13.8%	0.0%	0.0%	0.2%	2.4K	-97.4K	-905	0.00	100.38	N/A	N/A	0	5	1,227	522
2010-03-18	$4.75	$5.00	38.2%	11.0%	52.0%	7.4%	39.3%	0.0%	7.0%	2.4K	19.6K	-839	0.29	53.87	N/A	N/A	70	20	1,243	517
2010-03-19	$4.77	$5.00	40.1%	11.5%	52.0%	9.6%	0.0%	0.0%	4.6%	2.1K	3.4K	-837	11.00	53.86	N/A	N/A	2	22	1,251	537
2010-03-22	$4.90	$5.00	40.5%	11.6%	50.4%	10.0%	0.0%	0.0%	4.0%	994	-32.0K	-816	0.00	60.06	N/A	N/A	5	0	677	361
2010-03-23	$4.95	$5.00	40.3%	11.6%	48.3%	9.9%	0.0%	0.0%	2.9%	1.1K	-45.4K	-826	0.00	51.01	N/A	N/A	0	0	682	361
2010-03-24	$4.88	$5.00	34.4%	9.9%	46.1%	2.9%	37.3%	0.0%	4.4%	1.1K	-36.0K	-815	0.00	68.03	N/A	N/A	7	0	682	361
2010-03-25	$4.84	$5.00	35.5%	10.2%	46.2%	4.2%	38.6%	0.0%	1.5%	1.1K	-34.7K	-814	0.00	43.32	N/A	N/A	9	0	687	361
2010-03-26	$4.73	$5.00	36.0%	10.3%	41.9%	4.7%	40.0%	0.0%	1.3%	973	-22.6K	-783	0.00	36.75	N/A	N/A	21	0	684	361
2010-03-29	$4.64	$5.00	42.4%	12.2%	40.1%	12.4%	38.1%	0.0%	-2.8%	891	-8.2K	-751	0.33	86.77	N/A	N/A	15	5	683	361
2010-03-30	$4.71	$5.00	41.3%	11.9%	40.5%	11.1%	0.0%	0.0%	10.9%	1.0K	-15.9K	-782	0.00	106.06	N/A	N/A	70	0	683	361
2010-03-31	$4.61	$5.00	37.6%	10.8%	40.1%	6.6%	0.0%	0.0%	15.2%	1.3K	-48.8K	-853	0.00	84.15	N/A	N/A	41	0	753	341