TINY Options History — January 2012

In January 2012, TINY traded between $3.50 and $4.58. ATM implied volatility averaged 79.0%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 35.9% (HV 20d: 43.1%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.16.

Notable Days

2012-01-25: Highest Volume — 255 contracts
2012-01-12: Largest IV drop — 61.3% change
2012-01-11: Highest IV Rank — 75.2%
2012-01-05: Largest Expected Move — 33.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.94	$3.50	$4.58	$3.64	$4.41
Max Pain	$4.63	$2.50	$5.00	$2.50	$5.00
ATM IV	79.0%	45.3%	151.9%	115.3%	45.3%
Expected Move	19.1%	13.0%	33.3%	33.1%	13.0%
HV 20d	43.1%	37.7%	49.0%	47.5%	48.2%
HV 60d	57.4%	50.6%	64.0%	64.0%	50.6%
IV Rank	30.4%	9.7%	75.2%	52.7%	9.7%
IV Percentile	58.7%	15.1%	98.0%	93.3%	15.1%
Term Structure	-13.8%	-45.5%	8.4%	-43.7%	-0.3%
Bid-Ask Spread %	103.61	83.17	120.88	93.65	90.60
Gamma HHI	0.82	0.71	0.93	0.85	0.91
Net GEX	837	499	1.6K	710	1.5K
Net DEX	-26.7K	-78.2K	-3.5K	-10.0K	-77.9K
Net VEX	-396	-753	-235	-273	-740
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.00	0.92	0.33	0.00
Total Volume	21.5	0	255	4	0
Total OI	658.2	585	868	602	868

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
2012-01-03	$3.64	$2.50	115.3%	33.1%	47.5%	52.7%	0.0%	0.0%	-43.7%	710	-10.0K	-273	0.33	93.65	N/A	N/A	3	1	451	151
2012-01-04	$3.62	$2.50	113.9%	32.6%	46.8%	51.8%	0.0%	0.0%	-34.8%	792	-7.4K	-266	0.00	93.91	N/A	N/A	0	0	454	152
2012-01-05	$3.56	$2.50	116.1%	33.3%	47.1%	53.2%	0.0%	0.0%	-45.5%	784	-7.8K	-258	0.00	93.79	N/A	N/A	0	0	454	152
2012-01-06	$3.57	$5.00	119.0%	20.1%	46.3%	55.0%	0.0%	0.0%	-8.9%	758	-8.7K	-262	0.00	83.17	N/A	N/A	0	0	454	152
2012-01-09	$3.50	$5.00	132.6%	20.8%	42.5%	63.3%	0.0%	0.0%	-30.9%	783	-3.5K	-235	0.00	114.27	N/A	N/A	0	0	454	152
2012-01-10	$3.58	$5.00	137.8%	21.0%	39.6%	66.6%	0.0%	0.0%	-10.1%	782	-7.0K	-258	0.00	113.31	N/A	N/A	10	0	454	152
2012-01-11	$3.62	$5.00	151.9%	21.8%	39.7%	75.2%	0.0%	0.0%	-11.3%	760	-13.4K	-267	0.00	113.92	N/A	N/A	0	0	464	152
2012-01-12	$3.77	$5.00	58.8%	16.9%	40.6%	18.0%	0.0%	0.0%	-14.1%	524	-19.0K	-311	0.00	113.72	N/A	N/A	4	0	464	152
2012-01-13	$3.77	$5.00	59.6%	17.1%	40.5%	18.5%	0.0%	0.0%	-14.6%	607	-12.7K	-290	0.00	113.72	N/A	N/A	0	0	461	152
2012-01-17	$3.81	$5.00	61.1%	17.5%	39.9%	19.4%	0.0%	0.0%	-11.6%	507	-16.1K	-304	0.00	113.75	N/A	N/A	0	0	461	152
2012-01-18	$3.90	$5.00	58.0%	16.6%	40.2%	17.5%	0.0%	0.0%	-20.8%	499	-20.9K	-324	0.14	113.92	N/A	N/A	14	2	461	152
2012-01-19	$3.86	$5.00	61.2%	17.5%	38.8%	19.4%	0.0%	0.0%	-12.3%	516	-22.0K	-334	0.00	113.81	N/A	N/A	10	0	467	154
2012-01-20	$4.00	$5.00	59.4%	17.0%	37.7%	18.3%	0.0%	0.0%	-11.7%	569	-8.0K	-349	0.00	113.88	N/A	N/A	0	0	431	154
2012-01-23	$4.21	$5.00	48.5%	13.9%	40.5%	11.6%	0.0%	0.0%	-4.9%	579	-15.3K	-375	0.92	87.57	N/A	N/A	12	11	431	154
2012-01-24	$4.40	$5.00	47.5%	13.6%	41.6%	11.0%	0.0%	0.0%	8.4%	764	-22.7K	-419	0.00	116.91	N/A	N/A	55	0	433	165
2012-01-25	$4.58	$5.00	45.4%	13.0%	42.6%	9.7%	0.0%	0.0%	7.8%	770	-57.2K	-553	0.02	120.88	N/A	N/A	250	5	488	165
2012-01-26	$4.31	$5.00	47.5%	13.6%	49.0%	11.0%	0.0%	0.0%	-5.6%	1.4K	-59.6K	-652	0.00	89.15	N/A	N/A	53	0	650	165
2012-01-27	$4.40	$5.00	47.4%	13.6%	46.6%	10.9%	0.0%	0.0%	-1.3%	1.6K	-78.2K	-753	0.00	90.01	N/A	N/A	0	0	703	165
2012-01-30	$4.25	$5.00	54.2%	15.5%	47.3%	15.2%	0.0%	0.0%	-9.2%	1.5K	-66.9K	-697	0.00	88.29	N/A	N/A	0	0	703	165
2012-01-31	$4.41	$5.00	45.3%	13.0%	48.2%	9.7%	0.0%	0.0%	-0.3%	1.5K	-77.9K	-740	0.00	90.60	N/A	N/A	0	0	703	165