TINY Options History — December 2011

In December 2011, TINY traded between $3.44 and $3.74. ATM implied volatility averaged 109.5%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 24.6%. IV traded above realized volatility by 59.5% (HV 20d: 49.9%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.20.

Notable Days

2011-12-19: Highest Volume — 151 contracts
2011-12-13: Largest IV drop — 60.7% change
2011-12-12: Highest IV Rank — 100.0%
2011-12-02: Largest Expected Move — 33.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.60	$3.44	$3.74	$3.45	$3.46
Max Pain	$2.74	$2.50	$5.00	$5.00	$2.50
ATM IV	109.5%	75.6%	192.2%	105.6%	95.2%
Expected Move	24.6%	19.6%	33.2%	30.3%	27.3%
HV 20d	49.9%	44.7%	57.0%	57.0%	44.7%
HV 60d	66.7%	63.1%	68.1%	67.0%	63.2%
IV Rank	51.3%	28.3%	100.0%	51.4%	40.4%
IV Percentile	87.3%	74.2%	100.0%	94.4%	85.3%
Term Structure	-28.1%	-50.4%	-15.3%	-28.6%	-31.7%
Bid-Ask Spread %	103.44	93.36	111.49	108.48	94.09
Gamma HHI	0.65	0.50	0.87	0.69	0.76
Net GEX	328	-46	803	130	787
Net DEX	73.8K	-12.1K	153.1K	153.1K	-5.0K
Net VEX	-150	-335	-27	-27	-243
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	2.00	0.00	0.00
Total Volume	17.333	0	151	46	0
Total OI	1,055.619	388	1,448	1,389	602

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
2011-12-01	$3.45	$5.00	105.6%	30.3%	57.0%	51.4%	0.0%	0.0%	-28.6%	130	153.1K	-27	0.00	108.48	N/A	N/A	46	0	882	507
2011-12-02	$3.53	$5.00	115.7%	33.2%	54.7%	58.2%	0.0%	0.0%	-50.4%	118	139.5K	-45	0.00	109.27	N/A	N/A	0	0	928	507
2011-12-05	$3.62	$2.50	127.3%	19.6%	54.4%	66.0%	0.0%	0.0%	-16.4%	58	136.3K	-90	0.00	110.61	N/A	N/A	10	0	928	507
2011-12-06	$3.64	$2.50	139.3%	20.7%	53.1%	74.1%	0.0%	0.0%	-42.2%	121	133.7K	-89	0.00	111.22	N/A	N/A	0	0	938	507
2011-12-07	$3.72	$2.50	157.3%	21.9%	50.4%	86.3%	0.0%	0.0%	-26.3%	-46	133.9K	-121	0.00	111.20	N/A	N/A	0	0	938	507
2011-12-08	$3.52	$2.50	159.5%	20.7%	49.5%	87.8%	0.0%	0.0%	-25.1%	194	130.3K	-77	0.00	110.87	N/A	N/A	0	0	938	507
2011-12-09	$3.69	$2.50	166.2%	21.8%	52.4%	92.3%	0.0%	0.0%	-26.2%	-27	133.2K	-119	0.00	110.76	N/A	N/A	3	0	938	507
2011-12-12	$3.65	$2.50	192.2%	22.0%	50.1%	100.0%	0.0%	0.0%	-27.2%	49	133.0K	-103	0.00	111.37	N/A	N/A	4	0	941	507
2011-12-13	$3.54	$2.50	75.6%	21.7%	50.8%	28.3%	0.0%	0.0%	-22.2%	179	132.1K	-79	2.00	111.49	N/A	N/A	10	20	937	507
2011-12-14	$3.58	$2.50	78.6%	22.5%	49.5%	30.1%	0.0%	0.0%	-24.0%	126	105.9K	-100	0.40	111.39	N/A	N/A	5	2	947	442
2011-12-15	$3.66	$2.50	79.2%	22.7%	49.7%	30.5%	0.0%	0.0%	-23.4%	57	107.7K	-113	0.00	111.37	N/A	N/A	5	0	945	444
2011-12-16	$3.61	$2.50	83.3%	23.9%	47.7%	33.0%	0.0%	0.0%	-32.5%	165	111.3K	-96	0.00	110.70	N/A	N/A	19	0	937	444
2011-12-19	$3.51	$2.50	79.3%	22.7%	47.8%	30.6%	0.0%	0.0%	0.0%	220	18.4K	-89	0.00	93.36	N/A	N/A	151	0	237	151
2011-12-20	$3.67	$2.50	84.5%	24.2%	47.6%	33.8%	0.0%	0.0%	-15.3%	549	-2.3K	-251	0.00	93.65	N/A	N/A	76	0	388	151
2011-12-21	$3.62	$2.50	89.2%	25.6%	47.9%	36.7%	0.0%	0.0%	-25.3%	733	-5.4K	-276	0.00	93.47	N/A	N/A	3	0	438	151
2011-12-22	$3.74	$2.50	92.4%	26.5%	49.2%	38.6%	0.0%	0.0%	-26.2%	555	-12.1K	-335	0.00	93.65	N/A	N/A	0	0	441	151
2011-12-23	$3.71	$2.50	91.1%	26.1%	48.6%	37.8%	0.0%	0.0%	-25.8%	699	-8.5K	-288	0.00	93.66	N/A	N/A	0	0	441	151
2011-12-27	$3.66	$2.50	96.4%	27.6%	48.4%	41.1%	0.0%	0.0%	-29.8%	672	-6.9K	-277	0.00	93.65	N/A	N/A	0	0	441	151
2011-12-28	$3.54	$2.50	96.3%	27.6%	48.3%	41.1%	0.0%	0.0%	-31.2%	803	9.1K	-187	0.00	93.79	N/A	N/A	0	0	441	151
2011-12-29	$3.44	$2.50	94.5%	27.1%	46.5%	39.9%	0.0%	0.0%	-31.4%	738	12.7K	-145	0.00	94.09	N/A	N/A	10	0	441	151
2011-12-30	$3.46	$2.50	95.2%	27.3%	44.7%	40.4%	0.0%	0.0%	-31.7%	787	-5.0K	-243	0.00	94.09	N/A	N/A	0	0	451	151