TINY Options History — March 2011

In March 2011, TINY traded between $4.85 and $5.75. ATM implied volatility averaged 56.5%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 11.2% (HV 20d: 45.3%). 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 5 of 23 days. Put/call ratio averaged 0.38.

Notable Days

  • 2011-03-07: Highest Volume — 237 contracts
  • 2011-03-02: Largest IV spike — 31.6% change
  • 2011-03-15: Highest IV Rank — 27.7%
  • 2011-03-15: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.29$4.85$5.75$5.71$5.38
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV56.5%34.9%68.0%34.9%61.0%
Expected Move16.2%10.0%19.5%10.0%17.5%
HV 20d45.3%39.9%54.9%51.9%41.4%
HV 60d50.2%47.7%51.9%48.3%50.6%
IV Rank19.5%4.3%27.7%4.3%22.7%
IV Percentile58.7%3.2%75.8%3.2%67.5%
Term Structure-2.0%-10.0%21.9%21.9%-7.2%
VWIV54.4%26.3%66.4%26.3%57.3%
Bid-Ask Spread %31.7711.5473.8311.5436.93
Gamma HHI0.610.510.750.750.55
Net GEX9.2K5.9K24.9K8.8K8.4K
Net DEX-252.8K-437.2K-117.4K-437.2K-241.8K
Net VEX-2.0K-2.4K-1.9K-2.3K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.003.333.330.00
Total Volume58.9130237392
Total OI2,647.5652,3253,1032,3252,734

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-03-01$5.71$5.0034.9%10.0%51.9%4.3%26.3%0.0%21.9%8.8K-437.2K-2.3K3.3311.54N/AN/A9302,011314
2011-03-02$5.75$5.0045.9%13.2%50.6%12.0%45.9%0.0%8.9%8.6K-419.6K-2.3K0.0015.22N/AN/A3102,010344
2011-03-03$5.74$5.0044.0%12.6%50.4%10.7%0.0%0.0%11.0%8.7K-404.6K-2.1K0.0013.34N/AN/A7002,035344
2011-03-04$5.72$5.0046.4%15.5%49.8%12.4%0.0%0.0%-6.7%8.9K-428.3K-2.2K0.0036.85N/AN/A502,099344
2011-03-07$5.37$5.0060.6%15.6%54.9%22.4%54.8%0.0%-2.1%8.6K-294.4K-2.0K0.5630.84N/AN/A152852,099344
2011-03-08$5.44$5.0060.1%16.0%52.7%22.1%0.0%0.0%-3.3%8.9K-320.9K-2.1K0.0031.41N/AN/A302,226429
2011-03-09$5.34$5.0054.4%16.8%52.5%18.1%0.0%0.0%-10.0%8.5K-288.5K-2.1K0.0034.91N/AN/A4502,227429
2011-03-10$5.12$5.0059.8%17.2%42.4%21.9%59.8%0.0%-6.3%8.0K-240.5K-2.1K0.1773.83N/AN/A59102,238429
2011-03-11$5.05$5.0059.5%17.1%42.4%21.7%0.0%0.0%-4.3%7.7K-199.2K-2.1K1.1526.64N/AN/A13152,277439
2011-03-14$5.10$5.0061.6%17.7%42.9%23.2%61.6%0.0%-3.4%8.1K-207.0K-1.9K0.0021.93N/AN/A7502,289439
2011-03-15$4.97$5.0068.0%19.5%43.3%27.7%0.0%0.0%-7.4%8.5K-191.8K-1.9K0.5525.19N/AN/A76422,359439
2011-03-16$4.85$5.0067.1%19.2%42.6%27.1%0.0%0.0%-8.0%10.3K-151.2K-2.0K0.5323.29N/AN/A94502,430481
2011-03-17$4.86$5.0063.7%18.3%42.2%24.7%63.7%0.0%-8.4%12.9K-117.4K-1.9K1.2725.57N/AN/A37472,510531
2011-03-18$4.97$5.0055.4%15.9%43.2%18.8%55.4%0.0%-0.1%24.9K-162.7K-2.0K0.3328.33N/AN/A30102,525578
2011-03-21$5.15$5.0065.9%18.9%46.0%26.2%66.4%0.0%-9.4%5.9K-158.6K-1.9K0.0020.60N/AN/A702,085450
2011-03-22$5.20$5.0056.1%16.1%44.8%19.3%56.6%0.0%-2.9%6.1K-162.0K-1.9K0.0031.88N/AN/A5502,086450
2011-03-23$5.43$5.0054.8%15.7%44.9%18.3%50.8%0.0%1.5%8.0K-253.7K-2.4K0.0039.70N/AN/A6002,119450
2011-03-24$5.32$5.0055.5%15.9%42.3%18.9%0.0%0.0%-1.7%8.2K-237.7K-2.0K0.0040.03N/AN/A102,178450
2011-03-25$5.34$5.0053.9%15.5%40.2%17.7%0.0%0.0%1.4%8.3K-234.0K-2.2K0.0042.55N/AN/A002,179450
2011-03-28$5.26$5.0056.0%16.1%40.4%19.2%0.0%0.0%-2.4%8.0K-224.3K-2.0K0.0039.04N/AN/A10002,179450
2011-03-29$5.30$5.0057.1%16.4%40.0%20.0%57.3%0.0%-3.2%8.0K-212.3K-2.1K0.0039.04N/AN/A14202,229450
2011-03-30$5.24$5.0057.0%16.4%39.9%19.9%0.0%0.0%-3.6%8.5K-226.5K-2.0K0.0041.98N/AN/A002,286450
2011-03-31$5.38$5.0061.0%17.5%41.4%22.7%0.0%0.0%-7.2%8.4K-241.8K-2.0K0.0036.93N/AN/A202,284450