TINY Options History — September 2011

In September 2011, TINY traded between $3.50 and $4.04. ATM implied volatility averaged 87.7%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 20.6%. IV traded above realized volatility by 41.2% (HV 20d: 46.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.32.

Notable Days

2011-09-06: Highest Volume — 74 contracts
2011-09-09: Largest IV spike — 108.0% change
2011-09-09: Highest IV Rank — 100.0%
2011-09-30: Largest Expected Move — 28.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.79	$3.50	$4.04	$4.04	$3.55
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	87.7%	55.3%	177.6%	57.9%	99.8%
Expected Move	20.6%	14.4%	28.6%	16.6%	28.6%
HV 20d	46.5%	37.5%	72.8%	72.8%	50.0%
HV 60d	53.0%	52.0%	55.6%	52.3%	55.6%
IV Rank	42.9%	17.8%	100.0%	27.9%	47.7%
IV Percentile	89.1%	67.5%	100.0%	78.6%	96.4%
Term Structure	-13.1%	-45.5%	13.5%	2.1%	-26.2%
Bid-Ask Spread %	100.10	67.44	111.49	67.44	111.49
Gamma HHI	0.52	0.46	0.66	0.47	0.53
Net GEX	-383	-595	-148	-238	-432
Net DEX	173.8K	92.6K	244.7K	229.1K	105.6K
Net VEX	-618	-788	-222	-749	-517
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.00	1.25	0.51	0.00
Total Volume	9.238	0	74	0	0
Total OI	2,574	1,251	3,774	3,749	1,268

Daily Data (21 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
2011-09-01	$4.04	$5.00	57.9%	16.6%	72.8%	27.9%	0.0%	0.0%	2.1%	-238	229.1K	-749	0.00	67.44	N/A	N/A	0	0	2,850	899
2011-09-02	$3.94	$5.00	80.4%	23.0%	72.6%	49.5%	0.0%	0.0%	-31.9%	-148	221.2K	-748	0.00	94.07	N/A	N/A	0	0	2,850	899
2011-09-06	$3.92	$5.00	92.9%	15.2%	63.2%	61.5%	0.0%	0.0%	3.0%	-280	244.7K	-639	0.51	93.52	N/A	N/A	49	25	2,850	899
2011-09-07	$4.01	$5.00	71.5%	14.4%	53.4%	40.9%	0.0%	0.0%	13.5%	-235	230.9K	-765	0.00	94.00	N/A	N/A	1	0	2,850	924
2011-09-08	$3.88	$5.00	85.4%	15.4%	45.8%	54.3%	0.0%	0.0%	8.4%	-221	227.6K	-724	0.00	93.61	N/A	N/A	0	0	2,850	924
2011-09-09	$3.75	$5.00	177.6%	20.7%	41.4%	100.0%	0.0%	0.0%	-45.5%	-306	236.6K	-643	0.00	92.77	N/A	N/A	0	50	2,850	924
2011-09-12	$3.75	$5.00	75.0%	21.5%	40.7%	31.0%	0.0%	0.0%	-40.2%	-400	224.5K	-698	0.00	92.88	N/A	N/A	0	0	2,850	917
2011-09-13	$3.86	$5.00	115.8%	14.5%	40.7%	58.5%	0.0%	0.0%	9.3%	-406	222.2K	-749	0.00	90.76	N/A	N/A	0	0	2,850	917
2011-09-14	$3.99	$5.00	128.1%	15.6%	42.6%	66.7%	0.0%	0.0%	3.7%	-489	230.9K	-753	0.00	92.80	N/A	N/A	0	0	2,850	917
2011-09-15	$4.00	$5.00	55.3%	15.9%	42.6%	17.8%	0.0%	0.0%	3.6%	-483	231.6K	-764	1.25	93.33	N/A	N/A	4	5	2,850	917
2011-09-16	$3.99	$5.00	55.9%	16.0%	40.6%	18.2%	0.0%	0.0%	6.8%	-425	220.9K	-788	0.00	92.80	N/A	N/A	0	1	2,854	912
2011-09-19	$3.90	$5.00	59.3%	17.0%	39.6%	20.5%	0.0%	0.0%	-6.0%	-508	92.6K	-694	0.00	110.91	N/A	N/A	0	0	704	547
2011-09-20	$3.81	$5.00	57.7%	16.6%	40.3%	19.4%	0.0%	0.0%	-7.1%	-595	99.0K	-645	0.00	110.85	N/A	N/A	40	0	704	547
2011-09-21	$3.64	$5.00	87.9%	25.2%	42.0%	39.7%	0.0%	0.0%	-24.4%	-418	156.9K	-223	0.83	109.75	N/A	N/A	6	5	724	547
2011-09-22	$3.53	$5.00	86.8%	24.9%	41.5%	38.9%	0.0%	0.0%	-24.9%	-363	151.3K	-222	0.00	110.87	N/A	N/A	4	0	730	542
2011-09-23	$3.56	$5.00	81.1%	23.2%	40.0%	35.1%	0.0%	0.0%	-14.1%	-397	102.8K	-552	0.00	109.94	N/A	N/A	0	0	726	542
2011-09-26	$3.62	$5.00	92.1%	26.4%	39.3%	42.5%	0.0%	0.0%	-27.5%	-469	106.2K	-537	0.00	110.15	N/A	N/A	2	0	726	542
2011-09-27	$3.71	$5.00	92.4%	26.5%	37.5%	42.7%	0.0%	0.0%	-26.8%	-399	94.7K	-604	0.00	109.63	N/A	N/A	2	0	724	542
2011-09-28	$3.50	$5.00	93.8%	26.9%	41.7%	43.6%	0.0%	0.0%	-22.9%	-317	115.8K	-431	0.00	110.20	N/A	N/A	0	0	726	542
2011-09-29	$3.72	$5.00	95.4%	27.4%	48.4%	44.8%	0.0%	0.0%	-28.6%	-514	105.2K	-538	0.00	110.32	N/A	N/A	0	0	726	542
2011-09-30	$3.55	$5.00	99.8%	28.6%	50.0%	47.7%	0.0%	0.0%	-26.2%	-432	105.6K	-517	0.00	111.49	N/A	N/A	0	0	726	542