TINY Options History — December 2010

In December 2010, TINY traded between $4.30 and $4.71. ATM implied volatility averaged 49.9%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 17.0% (HV 20d: 32.9%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.03.

Notable Days

2010-12-08: Highest Volume — 118 contracts
2010-12-06: Largest IV spike — 58.8% change
2010-12-14: Highest IV Rank — 39.7%
2010-12-02: Largest Expected Move — 13.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.56	$4.30	$4.71	$4.49	$4.38
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	49.9%	33.8%	85.0%	45.6%	44.5%
Expected Move	12.0%	9.7%	13.2%	13.1%	12.7%
HV 20d	32.9%	26.1%	42.6%	42.6%	31.0%
HV 60d	34.3%	32.5%	35.8%	34.8%	32.9%
IV Rank	14.9%	3.5%	39.7%	11.8%	11.0%
IV Percentile	40.3%	2.0%	88.5%	36.9%	33.7%
Term Structure	38.8%	-5.8%	154.7%	11.6%	46.5%
VWIV	41.4%	39.7%	42.5%	42.0%	42.5%
Bid-Ask Spread %	104.49	75.74	184.59	75.74	108.95
Gamma HHI	0.89	0.76	0.97	0.96	0.77
Net GEX	3.2K	651	7.3K	4.0K	1.2K
Net DEX	-12.0K	-50.2K	53.0K	-2.0K	-6.1K
Net VEX	-360	-477	-268	-392	-351
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.33	0.00	0.00
Total Volume	16.091	0	118	76	0
Total OI	1,018.455	475	1,430	1,278	530

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
2010-12-01	$4.49	$5.00	45.6%	13.1%	42.6%	11.8%	0.0%	0.0%	11.6%	4.0K	-2.0K	-392	0.00	75.74	N/A	N/A	76	0	1,014	264
2010-12-02	$4.45	$5.00	46.0%	13.2%	40.9%	12.1%	0.0%	0.0%	13.6%	4.2K	-2.2K	-425	0.00	81.82	N/A	N/A	27	0	1,082	264
2010-12-03	$4.37	$5.00	33.8%	9.7%	41.5%	3.5%	0.0%	0.0%	12.3%	651	52.7K	-268	0.00	102.86	N/A	N/A	0	0	1,109	264
2010-12-06	$4.45	$5.00	53.7%	12.5%	38.6%	17.6%	0.0%	0.0%	-5.8%	4.5K	-4.8K	-419	0.00	124.61	N/A	N/A	20	0	1,109	264
2010-12-07	$4.60	$5.00	60.4%	10.8%	39.5%	22.3%	0.0%	0.0%	-1.5%	5.5K	-38.3K	-452	0.33	78.64	N/A	N/A	15	5	1,129	264
2010-12-08	$4.57	$5.00	77.3%	12.2%	39.3%	34.3%	42.0%	0.0%	-4.1%	4.7K	-47.7K	-460	0.00	108.02	N/A	N/A	118	0	1,130	269
2010-12-09	$4.59	$5.00	59.0%	11.7%	36.7%	21.3%	0.0%	0.0%	-4.3%	5.7K	-25.2K	-441	0.00	87.21	N/A	N/A	0	0	1,138	269
2010-12-10	$4.70	$5.00	55.9%	11.2%	34.2%	19.2%	0.0%	0.0%	5.7%	7.1K	-46.8K	-477	0.00	82.19	N/A	N/A	7	0	1,138	269
2010-12-13	$4.71	$5.00	67.7%	11.0%	32.8%	27.5%	39.7%	0.0%	2.9%	7.3K	-47.0K	-435	0.00	80.89	N/A	N/A	14	0	1,145	269
2010-12-14	$4.69	$5.00	85.0%	12.4%	29.8%	39.7%	0.0%	0.0%	1.3%	6.8K	-50.2K	-431	0.00	99.69	N/A	N/A	0	0	1,149	269
2010-12-15	$4.54	$5.00	44.3%	12.7%	32.2%	11.0%	0.0%	0.0%	37.8%	1.5K	43.9K	-295	0.00	92.23	N/A	N/A	12	0	1,149	269
2010-12-16	$4.63	$5.00	44.6%	12.8%	29.6%	11.1%	0.0%	0.0%	2.9%	1.9K	39.7K	-337	0.00	134.52	N/A	N/A	0	0	1,161	269
2010-12-17	$4.66	$5.00	42.9%	12.3%	29.6%	9.9%	42.5%	0.0%	-2.9%	1.8K	53.0K	-318	0.00	85.55	N/A	N/A	2	0	1,141	269
2010-12-20	$4.58	$5.00	40.2%	11.5%	29.3%	8.0%	0.0%	0.0%	119.6%	1.6K	-22.9K	-301	0.00	97.91	N/A	N/A	0	0	367	108
2010-12-21	$4.61	$5.00	43.4%	12.4%	29.3%	10.3%	0.0%	0.0%	-0.5%	1.7K	-23.3K	-316	0.00	81.86	N/A	N/A	3	0	367	108
2010-12-22	$4.65	$5.00	43.7%	12.5%	29.2%	10.5%	0.0%	0.0%	8.1%	1.8K	-24.8K	-312	0.00	92.25	N/A	N/A	0	0	367	108
2010-12-23	$4.63	$5.00	42.1%	12.1%	27.8%	9.4%	0.0%	0.0%	134.6%	2.0K	-26.4K	-316	0.00	95.51	N/A	N/A	0	0	367	108
2010-12-27	$4.60	$5.00	41.5%	11.9%	26.3%	8.9%	0.0%	0.0%	147.3%	1.8K	-26.3K	-309	0.00	118.59	N/A	N/A	0	0	367	108
2010-12-28	$4.60	$5.00	42.3%	12.1%	26.1%	9.5%	0.0%	0.0%	152.6%	1.9K	-18.9K	-284	0.00	184.59	N/A	N/A	5	0	367	108
2010-12-29	$4.50	$5.00	41.9%	12.0%	27.0%	9.2%	0.0%	0.0%	21.9%	1.7K	-20.9K	-301	0.00	128.39	N/A	N/A	0	0	372	108
2010-12-30	$4.30	$5.00	41.3%	11.8%	30.3%	8.8%	0.0%	0.0%	154.7%	1.3K	-19.1K	-281	0.00	156.79	N/A	N/A	0	50	372	108
2010-12-31	$4.38	$5.00	44.5%	12.7%	31.0%	11.0%	0.0%	0.0%	46.5%	1.2K	-6.1K	-351	0.00	108.95	N/A	N/A	0	0	372	158