TINY Options History — July 2011

In July 2011, TINY traded between $5.08 and $5.53. ATM implied volatility averaged 51.5%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 17.8% (HV 20d: 33.6%). 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 5 of 20 days. Put/call ratio averaged 0.84.

Notable Days

2011-07-18: Highest Volume — 148 contracts
2011-07-14: Largest IV drop — 39.9% change
2011-07-13: Highest IV Rank — 43.4%
2011-07-29: Largest Expected Move — 16.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.34	$5.08	$5.53	$5.16	$5.10
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	51.5%	32.5%	90.1%	32.5%	57.7%
Expected Move	14.5%	9.3%	16.5%	9.3%	16.5%
HV 20d	33.6%	29.1%	36.3%	35.6%	35.3%
HV 60d	44.8%	44.3%	45.5%	44.7%	45.3%
IV Rank	19.0%	2.6%	43.4%	2.6%	27.7%
IV Percentile	45.6%	1.2%	90.5%	1.2%	73.0%
Term Structure	-1.5%	-9.9%	12.9%	12.9%	-4.3%
VWIV	50.0%	42.4%	56.5%	50.9%	56.5%
Bid-Ask Spread %	103.72	94.00	112.37	104.19	104.60
Gamma HHI	0.55	0.50	0.75	0.75	0.52
Net GEX	6.0K	3.4K	11.4K	11.4K	3.7K
Net DEX	-258.0K	-391.5K	-123.5K	-207.9K	-123.5K
Net VEX	-1.5K	-1.6K	-1.4K	-1.5K	-1.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.00	10.00	0.00	0.00
Total Volume	28.55	0	148	0	20
Total OI	3,514.9	3,239	3,701	3,539	3,457

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
2011-07-01	$5.16	$5.00	32.5%	9.3%	35.6%	2.6%	0.0%	0.0%	12.9%	11.4K	-207.9K	-1.5K	0.00	104.19	N/A	N/A	0	0	2,904	635
2011-07-05	$5.19	$5.00	37.4%	15.2%	34.4%	6.0%	0.0%	0.0%	-4.7%	11.4K	-210.9K	-1.5K	0.00	95.67	N/A	N/A	0	0	2,904	635
2011-07-06	$5.34	$5.00	42.9%	14.5%	35.6%	9.9%	50.9%	0.0%	-2.5%	9.2K	-282.1K	-1.5K	0.00	97.62	N/A	N/A	126	0	2,904	635
2011-07-07	$5.53	$5.00	41.1%	15.7%	33.9%	8.7%	54.3%	0.0%	-6.5%	6.1K	-373.8K	-1.5K	0.00	98.17	N/A	N/A	63	0	3,023	635
2011-07-08	$5.45	$5.00	48.1%	14.1%	34.5%	13.6%	0.0%	0.0%	-3.6%	7.4K	-361.0K	-1.6K	0.00	103.39	N/A	N/A	10	0	3,066	635
2011-07-11	$5.34	$5.00	60.7%	16.3%	35.4%	22.5%	0.0%	0.0%	-4.9%	10.1K	-344.5K	-1.6K	0.00	100.47	N/A	N/A	20	0	3,056	635
2011-07-12	$5.47	$5.00	66.7%	15.6%	35.0%	26.8%	0.0%	0.0%	-8.2%	6.7K	-384.4K	-1.5K	0.00	104.13	N/A	N/A	4	0	3,056	635
2011-07-13	$5.50	$5.00	90.1%	14.5%	34.4%	43.4%	0.0%	0.0%	-1.7%	7.1K	-391.5K	-1.5K	0.00	103.23	N/A	N/A	10	0	3,056	635
2011-07-14	$5.38	$5.00	54.1%	15.5%	33.3%	17.9%	0.0%	0.0%	-2.6%	8.5K	-370.8K	-1.5K	0.00	104.60	N/A	N/A	0	0	3,056	635
2011-07-15	$5.35	$5.00	56.7%	16.3%	33.4%	26.8%	0.0%	0.0%	-6.8%	4.4K	-363.4K	-1.5K	0.00	104.67	N/A	N/A	5	0	3,056	635
2011-07-18	$5.22	$5.00	44.8%	12.8%	34.8%	15.3%	46.1%	0.0%	-1.4%	3.6K	-163.8K	-1.4K	1.03	94.00	N/A	N/A	73	75	2,614	625
2011-07-19	$5.39	$5.00	50.2%	14.4%	36.3%	20.5%	0.0%	0.0%	2.4%	3.9K	-203.6K	-1.5K	10.00	103.17	N/A	N/A	2	20	2,677	700
2011-07-20	$5.37	$5.00	54.5%	15.6%	32.3%	24.7%	0.0%	0.0%	-3.6%	3.7K	-195.2K	-1.5K	0.00	104.49	N/A	N/A	5	0	2,675	720
2011-07-21	$5.49	$5.00	49.3%	14.1%	29.7%	19.6%	0.0%	0.0%	7.8%	3.9K	-231.5K	-1.4K	0.00	103.91	N/A	N/A	3	0	2,675	715
2011-07-22	$5.42	$5.00	49.3%	14.1%	29.8%	19.6%	0.0%	0.0%	-9.9%	3.4K	-235.9K	-1.4K	0.00	111.06	N/A	N/A	0	0	2,676	715
2011-07-25	$5.38	$5.00	49.1%	14.1%	29.6%	19.4%	0.0%	0.0%	-6.2%	3.4K	-219.4K	-1.4K	0.00	111.42	N/A	N/A	0	1	2,676	715
2011-07-26	$5.42	$5.00	45.8%	13.1%	29.1%	16.2%	0.0%	0.0%	4.2%	3.7K	-230.7K	-1.4K	0.00	112.37	N/A	N/A	0	20	2,676	716
2011-07-27	$5.13	$5.00	42.3%	12.1%	35.2%	12.9%	42.4%	0.0%	10.9%	3.8K	-138.4K	-1.5K	0.43	104.74	N/A	N/A	69	30	2,676	716
2011-07-28	$5.08	$5.00	56.5%	16.2%	35.4%	26.6%	56.5%	0.0%	-2.0%	3.6K	-127.3K	-1.5K	0.36	108.49	N/A	N/A	11	4	2,717	726
2011-07-29	$5.10	$5.00	57.7%	16.5%	35.3%	27.7%	0.0%	0.0%	-4.3%	3.7K	-123.5K	-1.5K	0.00	104.60	N/A	N/A	20	0	2,727	730