VSAT Options History — December 2007

In December 2007, VSAT traded between $31.41 and $36.16. ATM implied volatility averaged 35.9%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 1.2% (HV 20d: 34.7%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2007-12-19: Highest Volume — 50 contracts
2007-12-27: Largest IV spike — 39.9% change
2007-12-21: Highest IV Rank — 29.9%
2007-12-21: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.72	$31.41	$36.16	$32.84	$34.43
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	35.9%	23.5%	38.9%	36.8%	32.7%
Expected Move	10.3%	6.8%	11.1%	10.5%	9.4%
HV 20d	34.7%	29.6%	40.9%	32.6%	40.4%
HV 60d	40.5%	38.0%	42.1%	41.1%	42.0%
IV Rank	25.7%	7.5%	29.9%	26.9%	21.0%
IV Percentile	75.1%	6.1%	89.3%	82.6%	53.8%
Term Structure	-0.5%	-4.8%	3.5%	-0.1%	3.5%
VWIV	35.5%	29.9%	38.5%	38.5%	29.9%
Bid-Ask Spread %	81.03	68.94	138.42	69.29	92.10
Gamma HHI	0.84	0.76	0.97	0.80	0.89
Net GEX	16.1K	12.0K	28.0K	12.3K	23.9K
Net DEX	-314.9K	-553.3K	-174.2K	-244.9K	-383.9K
Net VEX	-954	-1.1K	-745	-960	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	2.95	0	50	0	0
Total OI	186.45	168	221	168	221

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2007-12-03	$32.84	$30.00	36.8%	10.5%	32.6%	26.9%	0.0%	0.0%	-0.1%	12.3K	-244.9K	-960	69.29	N/A	N/A	0	166	2
2007-12-04	$32.17	$30.00	37.1%	10.6%	32.5%	27.4%	0.0%	0.0%	1.0%	12.0K	-218.1K	-891	68.94	N/A	N/A	0	166	2
2007-12-05	$33.02	$30.00	37.1%	10.6%	33.4%	27.4%	0.0%	0.0%	-0.9%	12.4K	-251.1K	-947	69.05	N/A	N/A	0	166	2
2007-12-06	$34.08	$30.00	37.7%	10.8%	34.2%	28.2%	0.0%	0.0%	-1.5%	13.1K	-296.1K	-976	74.21	N/A	N/A	0	166	2
2007-12-07	$34.28	$30.00	38.8%	11.1%	33.7%	29.9%	38.5%	0.0%	-3.0%	12.8K	-303.2K	-970	75.42	N/A	N/A	2	166	2
2007-12-10	$33.83	$30.00	37.1%	10.7%	29.6%	27.4%	0.0%	0.0%	-1.1%	13.6K	-287.7K	-942	74.80	N/A	N/A	0	168	2
2007-12-11	$33.17	$30.00	36.7%	10.5%	30.6%	26.8%	0.0%	0.0%	-2.0%	13.4K	-257.4K	-915	72.32	N/A	N/A	0	168	2
2007-12-12	$33.36	$30.00	37.2%	10.7%	30.3%	27.5%	0.0%	0.0%	-1.0%	13.3K	-265.5K	-908	71.95	N/A	N/A	0	168	2
2007-12-13	$33.25	$30.00	37.1%	10.6%	29.8%	27.3%	0.0%	0.0%	-0.8%	13.5K	-258.3K	-901	73.77	N/A	N/A	0	168	2
2007-12-14	$32.28	$30.00	37.6%	10.8%	31.2%	28.1%	0.0%	0.0%	-0.0%	12.7K	-210.8K	-833	72.92	N/A	N/A	0	168	2
2007-12-17	$31.41	$30.00	36.6%	10.5%	32.2%	26.7%	0.0%	0.0%	1.6%	12.2K	-174.2K	-745	71.47	N/A	N/A	0	168	2
2007-12-18	$31.59	$30.00	38.3%	11.0%	31.4%	29.1%	0.0%	0.0%	-2.4%	12.0K	-176.8K	-766	72.69	N/A	N/A	0	168	2
2007-12-19	$33.38	$30.00	37.3%	10.7%	36.7%	27.6%	37.4%	0.0%	-1.0%	14.3K	-265.8K	-855	76.86	N/A	N/A	50	168	2
2007-12-20	$34.16	$30.00	36.5%	10.5%	36.6%	26.4%	0.0%	0.0%	-0.8%	19.2K	-378.9K	-1.1K	79.08	N/A	N/A	0	215	2
2007-12-21	$35.71	$30.00	38.9%	11.1%	39.2%	29.9%	0.0%	0.0%	-3.8%	18.1K	-482.2K	-1.1K	93.45	N/A	N/A	0	215	2
2007-12-24	$35.99	$30.00	35.9%	10.3%	38.9%	25.7%	35.9%	0.0%	0.5%	19.9K	-494.6K	-1.1K	92.49	N/A	N/A	2	215	2
2007-12-26	$36.16	$30.00	23.5%	6.8%	38.6%	7.5%	0.0%	0.0%	-4.8%	28.0K	-553.3K	-982	138.42	N/A	N/A	0	217	2
2007-12-27	$34.58	$30.00	33.0%	9.4%	40.9%	21.3%	0.0%	0.0%	3.3%	22.8K	-391.2K	-1.1K	90.76	N/A	N/A	0	217	2
2007-12-28	$34.76	$30.00	32.8%	9.4%	40.7%	21.1%	29.9%	0.0%	3.5%	23.3K	-403.3K	-1.1K	90.63	N/A	N/A	5	217	2
2007-12-31	$34.43	$30.00	32.7%	9.4%	40.4%	21.0%	0.0%	0.0%	3.5%	23.9K	-383.9K	-1.0K	92.10	N/A	N/A	0	219	2