TINY Options History — February 2011

In February 2011, TINY traded between $5.23 and $6.16. ATM implied volatility averaged 50.1%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 5.3% (HV 20d: 55.4%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.16.

Notable Days

2011-02-18: Highest Volume — 629 contracts
2011-02-09: Largest IV spike — 36.0% change
2011-02-09: Highest IV Rank — 29.5%
2011-02-01: Largest Expected Move — 20.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.74	$5.23	$6.16	$5.28	$5.85
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	50.1%	35.1%	70.5%	70.4%	46.1%
Expected Move	13.4%	8.7%	20.2%	20.2%	13.2%
HV 20d	55.4%	49.8%	60.6%	60.1%	50.7%
HV 60d	46.0%	43.9%	48.2%	45.3%	48.1%
IV Rank	15.0%	4.4%	29.5%	29.4%	12.2%
IV Percentile	44.2%	3.6%	76.6%	76.2%	40.9%
Term Structure	-0.0%	-26.2%	33.2%	14.2%	5.5%
VWIV	45.3%	22.4%	63.1%	63.1%	52.1%
Bid-Ask Spread %	69.86	13.23	131.96	102.86	14.43
Gamma HHI	0.70	0.50	0.94	0.92	0.72
Net GEX	5.1K	2.0K	9.7K	4.4K	9.7K
Net DEX	-334.8K	-491.1K	-193.0K	-200.2K	-479.0K
Net VEX	-1.2K	-2.4K	-413	-857	-2.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.00	1.81	0.00	0.00
Total Volume	120	0	629	0	55
Total OI	1,404.263	992	2,358	993	2,358

Daily Data (19 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
2011-02-01	$5.28	$5.00	70.4%	20.2%	60.1%	29.4%	0.0%	0.0%	14.2%	4.4K	-200.2K	-857	0.00	102.86	N/A	N/A	0	0	788	205
2011-02-02	$5.23	$5.00	55.3%	15.9%	59.0%	18.7%	0.0%	0.0%	-19.2%	4.9K	-193.0K	-856	0.00	121.42	N/A	N/A	10	0	788	205
2011-02-03	$5.37	$5.00	61.3%	17.6%	59.3%	22.9%	63.1%	0.0%	-21.9%	5.2K	-220.1K	-825	0.02	131.96	N/A	N/A	45	1	798	205
2011-02-04	$5.31	$5.00	58.1%	16.2%	59.8%	20.7%	61.6%	0.0%	0.5%	5.1K	-201.3K	-841	0.00	97.35	N/A	N/A	0	100	801	206
2011-02-07	$5.55	$5.00	47.0%	11.5%	60.6%	12.8%	22.4%	0.0%	25.1%	4.3K	-262.8K	-774	0.00	66.01	N/A	N/A	43	0	801	206
2011-02-08	$5.65	$5.00	51.8%	8.7%	60.1%	16.3%	23.6%	0.0%	33.2%	3.1K	-324.7K	-413	0.00	128.98	N/A	N/A	27	0	789	206
2011-02-09	$6.16	$5.00	70.5%	10.4%	59.0%	29.5%	25.4%	0.0%	-4.7%	2.0K	-362.8K	-592	0.00	76.55	N/A	N/A	343	0	786	206
2011-02-10	$6.13	$5.00	56.4%	16.2%	56.2%	19.5%	53.8%	0.0%	-21.0%	2.9K	-323.4K	-705	0.00	41.88	N/A	N/A	218	0	824	206
2011-02-11	$6.11	$5.00	44.3%	12.7%	54.2%	10.9%	55.8%	0.0%	-19.9%	3.7K	-351.2K	-752	0.00	78.30	N/A	N/A	72	0	902	206
2011-02-14	$6.04	$5.00	50.2%	14.4%	54.7%	15.1%	0.0%	0.0%	-15.2%	2.8K	-350.3K	-819	0.00	45.11	N/A	N/A	43	0	943	206
2011-02-15	$5.83	$5.00	47.1%	13.5%	57.0%	12.9%	0.0%	0.0%	-26.2%	3.1K	-329.7K	-908	0.00	45.93	N/A	N/A	15	0	982	206
2011-02-16	$5.89	$5.00	41.9%	12.0%	50.7%	9.3%	0.0%	0.0%	0.6%	3.7K	-329.8K	-851	0.00	76.96	N/A	N/A	68	0	992	206
2011-02-17	$5.95	$5.00	38.5%	11.0%	50.7%	6.8%	0.0%	0.0%	4.5%	3.8K	-358.1K	-964	0.00	76.21	N/A	N/A	310	0	1,028	206
2011-02-18	$5.95	$5.00	41.7%	12.0%	49.8%	9.1%	49.9%	0.0%	-0.4%	5.2K	-394.7K	-1.3K	0.00	76.68	N/A	N/A	629	0	1,328	206
2011-02-22	$5.73	$5.00	45.9%	13.1%	52.5%	12.0%	0.0%	0.0%	-8.8%	5.7K	-491.1K	-2.0K	0.00	81.64	N/A	N/A	40	0	1,908	204
2011-02-23	$5.46	$5.00	44.9%	12.9%	51.3%	11.3%	52.1%	0.0%	22.7%	8.9K	-325.9K	-1.9K	1.81	37.87	N/A	N/A	53	96	1,943	204
2011-02-24	$5.70	$5.00	35.1%	10.1%	52.7%	4.4%	0.0%	0.0%	19.3%	9.0K	-402.3K	-2.1K	0.67	13.23	N/A	N/A	67	45	1,996	279
2011-02-25	$5.89	$5.00	44.4%	12.7%	53.7%	11.0%	0.0%	0.0%	11.6%	9.6K	-461.5K	-2.4K	0.00	14.04	N/A	N/A	0	0	2,044	314
2011-02-28	$5.85	$5.00	46.1%	13.2%	50.7%	12.2%	0.0%	0.0%	5.5%	9.7K	-479.0K	-2.4K	0.00	14.43	N/A	N/A	55	0	2,044	314