TINY Options History — January 2011

In January 2011, TINY traded between $4.30 and $5.32. ATM implied volatility averaged 71.1%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 21.0%. IV traded above realized volatility by 24.3% (HV 20d: 46.8%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.06.

Notable Days

2011-01-25: Highest Volume — 331 contracts
2011-01-31: Largest IV spike — 69.5% change
2011-01-31: Highest IV Rank — 68.8%
2011-01-31: Largest Expected Move — 36.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.79	$4.30	$5.32	$4.42	$5.09
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	71.1%	49.4%	126.1%	57.2%	126.1%
Expected Move	21.0%	14.2%	36.2%	16.4%	36.2%
HV 20d	46.8%	27.7%	60.4%	30.5%	59.2%
HV 60d	39.4%	32.8%	45.4%	32.9%	44.8%
IV Rank	29.9%	14.5%	68.8%	20.1%	68.8%
IV Percentile	72.6%	51.2%	98.0%	66.3%	98.0%
Term Structure	-5.4%	-96.0%	131.4%	131.4%	-22.1%
VWIV	74.4%	49.6%	99.3%	99.3%	49.6%
Bid-Ask Spread %	134.70	83.17	178.71	177.83	153.36
Gamma HHI	0.91	0.77	0.96	0.87	0.96
Net GEX	2.6K	1.2K	5.9K	1.2K	4.1K
Net DEX	-67.7K	-198.8K	-2.7K	-7.2K	-152.9K
Net VEX	-468	-758	-312	-330	-755
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.00	0.37	0.00	0.00
Total Volume	42.35	0	331	0	64
Total OI	683.5	530	945	530	945

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
2011-01-03	$4.42	$5.00	57.2%	16.4%	30.5%	20.1%	0.0%	0.0%	131.4%	1.2K	-7.2K	-330	0.00	177.83	N/A	N/A	0	0	372	158
2011-01-04	$4.30	$5.00	49.4%	14.2%	31.3%	14.5%	0.0%	0.0%	4.3%	1.3K	-10.0K	-312	0.00	110.80	N/A	N/A	20	0	372	158
2011-01-05	$4.35	$5.00	55.8%	16.0%	28.9%	19.0%	0.0%	0.0%	10.6%	1.2K	-6.3K	-341	0.00	83.17	N/A	N/A	0	0	392	158
2011-01-06	$4.40	$5.00	55.0%	15.8%	29.3%	18.5%	0.0%	0.0%	7.6%	1.4K	-7.5K	-340	0.00	88.51	N/A	N/A	0	0	392	158
2011-01-07	$4.36	$0.00	63.3%	32.7%	29.3%	24.4%	0.0%	0.0%	-17.4%	1.2K	-2.7K	-334	0.00	147.96	N/A	N/A	15	0	392	158
2011-01-10	$4.32	$0.00	77.9%	14.2%	27.7%	34.7%	0.0%	0.0%	-3.2%	1.2K	-7.1K	-345	0.00	153.97	N/A	N/A	1	0	407	158
2011-01-11	$4.74	$0.00	95.4%	31.7%	44.2%	47.1%	0.0%	0.0%	14.0%	1.5K	-34.5K	-380	0.00	152.84	N/A	N/A	87	0	408	158
2011-01-12	$5.05	$0.00	98.8%	29.6%	49.5%	49.5%	99.3%	0.0%	-32.5%	2.8K	-64.1K	-405	0.08	150.18	N/A	N/A	25	2	462	158
2011-01-13	$4.89	$5.00	51.5%	14.8%	49.5%	16.0%	0.0%	0.0%	-2.2%	1.8K	-58.5K	-426	0.00	133.89	N/A	N/A	39	0	467	160
2011-01-14	$4.99	$5.00	72.6%	20.8%	49.5%	30.9%	0.0%	0.0%	-11.8%	2.5K	-64.8K	-418	0.00	132.32	N/A	N/A	0	0	494	160
2011-01-18	$5.01	$5.00	52.9%	15.2%	49.5%	17.0%	0.0%	0.0%	0.6%	5.9K	-72.8K	-447	0.00	150.22	N/A	N/A	0	0	494	160
2011-01-19	$4.71	$5.00	55.6%	16.0%	54.3%	19.0%	0.0%	0.0%	-13.4%	3.0K	-60.3K	-406	0.37	126.34	N/A	N/A	108	40	494	160
2011-01-20	$4.77	$5.00	58.7%	16.8%	54.4%	21.1%	0.0%	0.0%	-21.0%	4.0K	-83.2K	-505	0.00	154.78	N/A	N/A	0	0	592	200
2011-01-21	$4.69	$5.00	92.9%	26.6%	54.7%	45.3%	0.0%	0.0%	-96.0%	1.9K	-58.0K	-483	0.00	130.41	N/A	N/A	0	0	592	200
2011-01-24	$4.81	$5.00	117.8%	33.8%	55.4%	63.0%	0.0%	0.0%	-24.7%	1.9K	-57.5K	-510	0.31	178.71	N/A	N/A	16	5	490	200
2011-01-25	$5.15	$5.00	50.7%	14.5%	60.0%	15.5%	49.6%	0.0%	-3.0%	2.6K	-81.9K	-503	0.00	108.83	N/A	N/A	331	0	506	205
2011-01-26	$5.28	$5.00	50.6%	14.5%	60.4%	15.4%	0.0%	0.0%	-0.5%	4.3K	-165.9K	-718	0.00	113.64	N/A	N/A	39	0	672	205
2011-01-27	$5.32	$5.00	65.6%	18.8%	59.4%	26.0%	0.0%	0.0%	-14.4%	4.3K	-198.8K	-646	0.00	114.77	N/A	N/A	7	0	705	205
2011-01-28	$5.09	$5.00	74.4%	21.3%	59.2%	32.2%	0.0%	0.0%	-15.2%	3.5K	-160.4K	-758	0.00	131.51	N/A	N/A	48	0	698	205
2011-01-31	$5.09	$5.00	126.1%	36.2%	59.2%	68.8%	0.0%	0.0%	-22.1%	4.1K	-152.9K	-755	0.00	153.36	N/A	N/A	64	0	740	205