TINY Options History — April 2011

In April 2011, TINY traded between $4.93 and $5.44. ATM implied volatility averaged 47.3%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 14.9% (HV 20d: 32.4%). 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 12 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-04-20: Highest Volume — 141 contracts
  • 2011-04-04: Largest IV spike — 13.3% change
  • 2011-04-12: Highest IV Rank — 17.6%
  • 2011-04-13: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.15$4.93$5.44$5.35$5.22
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV47.3%38.2%53.8%38.2%43.4%
Expected Move14.2%11.0%15.7%11.0%12.4%
HV 20d32.4%28.3%41.4%41.4%28.3%
HV 60d45.0%40.7%50.6%50.6%40.7%
IV Rank13.1%6.6%17.6%6.6%10.3%
IV Percentile34.3%7.9%52.8%7.9%16.3%
Term Structure2.5%-4.2%18.8%18.8%3.5%
VWIV49.9%43.6%54.1%54.1%43.6%
Bid-Ask Spread %33.2024.8751.9551.9542.18
Gamma HHI0.580.500.720.540.56
Net GEX8.8K4.6K15.7K9.6K6.6K
Net DEX-196.1K-301.0K-110.0K-274.2K-203.9K
Net VEX-1.8K-2.1K-1.6K-2.1K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.030.000.00
Total Volume23.70141011
Total OI2,753.952,6302,8472,7362,783

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-04-01$5.35$5.0038.2%11.0%41.4%6.6%0.0%0.0%18.8%9.6K-274.2K-2.1K0.0051.95N/AN/A002,286450
2011-04-04$5.33$5.0043.3%15.5%34.8%10.2%54.1%0.0%0.1%9.5K-255.3K-2.0K0.0033.95N/AN/A1002,286450
2011-04-05$5.41$5.0046.6%15.2%35.0%12.5%0.0%0.0%0.8%8.8K-273.7K-2.0K0.0028.60N/AN/A002,296450
2011-04-06$5.44$5.0047.8%14.2%34.3%13.4%49.2%0.0%3.7%9.1K-301.0K-2.0K0.0034.23N/AN/A502,296450
2011-04-07$5.32$5.0046.1%15.5%31.7%12.2%0.0%0.0%-1.9%9.9K-271.9K-2.0K0.0026.34N/AN/A802,301450
2011-04-08$5.17$5.0047.6%15.1%33.0%13.2%52.8%0.0%-4.2%9.8K-210.3K-1.9K0.0026.56N/AN/A9202,309450
2011-04-11$5.06$5.0047.6%15.0%33.8%13.3%52.1%0.0%-0.3%12.8K-184.5K-1.7K0.0034.17N/AN/A5802,373450
2011-04-12$4.93$5.0053.8%15.5%33.8%17.6%54.0%0.0%-3.9%11.3K-153.2K-1.7K0.0026.54N/AN/A2202,388450
2011-04-13$4.94$5.0048.1%15.7%32.6%13.6%0.0%0.0%-1.2%13.4K-159.9K-1.7K0.0026.54N/AN/A2002,392450
2011-04-14$5.04$5.0048.8%14.0%33.3%14.1%0.0%0.0%4.6%15.7K-181.0K-1.7K0.0024.87N/AN/A002,397450
2011-04-15$5.18$5.0051.7%14.8%33.8%16.2%51.7%0.0%-0.8%12.8K-264.0K-1.7K0.0233.85N/AN/A6212,397450
2011-04-18$5.02$5.0052.0%14.9%33.3%16.4%0.0%0.0%0.1%4.6K-110.0K-1.6K0.0033.21N/AN/A002,179451
2011-04-19$5.00$5.0052.9%15.2%33.1%17.0%0.0%0.0%-0.3%4.9K-121.5K-1.6K0.0033.21N/AN/A002,179451
2011-04-20$5.09$5.0048.7%14.0%29.5%14.1%48.7%0.0%5.3%5.3K-134.3K-1.6K0.0036.54N/AN/A14102,179451
2011-04-21$5.03$5.0045.7%13.1%29.0%11.9%0.0%0.0%7.6%6.1K-155.2K-1.7K0.0028.64N/AN/A002,292451
2011-04-25$5.10$5.0048.4%13.9%29.5%13.8%48.3%0.0%-0.5%6.0K-152.5K-1.7K0.0039.34N/AN/A202,292451
2011-04-26$5.10$5.0045.8%13.1%29.1%12.0%0.0%0.0%5.6%6.4K-171.2K-1.7K0.0037.98N/AN/A1202,292451
2011-04-27$5.07$5.0045.7%13.1%29.0%11.9%0.0%0.0%8.6%6.6K-172.6K-1.7K0.0032.14N/AN/A002,302451
2011-04-28$5.17$5.0044.3%12.7%29.7%10.9%44.4%0.0%4.7%6.2K-172.4K-1.7K0.0333.22N/AN/A2912,302451
2011-04-29$5.22$5.0043.4%12.4%28.3%10.3%43.6%0.0%3.5%6.6K-203.9K-1.7K0.0042.18N/AN/A1102,331452