MANH Options History — June 2009

In June 2009, MANH traded between $4.46 and $4.79. ATM implied volatility averaged 28.9%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 5.3% (HV 20d: 34.2%). Max pain ranged from $3.75 to $4.38. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 2.50.

Notable Days

2009-06-22: Highest Volume — 112 contracts
2009-06-10: Largest IV spike — 42.8% change
2009-06-17: Highest IV Rank — 21.3%
2009-06-01: Largest Expected Move — 9.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.63	$4.46	$4.79	$4.58	$4.55
Max Pain	$4.26	$3.75	$4.38	$3.75	$4.38
ATM IV	28.9%	20.9%	33.0%	33.0%	24.2%
Expected Move	8.4%	6.1%	9.5%	9.5%	6.9%
HV 20d	34.2%	22.5%	39.5%	39.3%	23.3%
HV 60d	45.9%	34.0%	50.5%	50.4%	34.0%
IV Rank	12.5%	0.0%	21.3%	13.1%	5.8%
IV Percentile	7.5%	0.0%	19.4%	15.9%	1.2%
Term Structure	8.9%	-0.1%	22.7%	-0.1%	7.9%
VWIV	25.9%	20.1%	35.1%	35.1%	22.4%
Skew 25d	6.2%	-5.5%	13.0%	11.8%	-5.5%
Skew 10d	7.8%	-0.4%	44.4%	44.4%	7.9%
Call IV 25d	24.0%	13.5%	30.6%	25.1%	23.9%
Put IV 25d	30.1%	18.3%	36.9%	36.9%	18.3%
Bid-Ask Spread %	85.05	27.97	109.98	77.24	44.72
Gamma HHI	0.45	0.43	0.48	0.43	0.44
Net GEX	2.8K	-1.5K	7.7K	1.6K	-279
Net DEX	-122.9K	-211.8K	-27.4K	-63.4K	-99.6K
Net VEX	-1.9K	-2.0K	-1.6K	-2.0K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.50	0.00	20.00	20.00	0.00
Total Volume	24.727	0	112	84	0
Total OI	3,676.364	3,296	3,888	3,636	3,460

Daily Data (22 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 Vol	Put Vol	Call OI	Put OI
2009-06-01	$4.58	$3.75	33.0%	9.5%	39.3%	13.1%	0.0%	11.8%	-0.1%	1.6K	-63.4K	-2.0K	20.00	77.24	4	80	1,776	1,860
2009-06-02	$4.61	$3.75	26.0%	7.4%	39.1%	0.0%	0.0%	1.0%	10.6%	1.8K	-95.8K	-2.0K	0.00	73.40	96	0	1,776	1,912
2009-06-03	$4.71	$3.75	29.2%	8.4%	39.5%	6.2%	0.0%	5.4%	9.4%	4.8K	-149.1K	-2.0K	0.00	96.82	0	0	1,864	1,912
2009-06-04	$4.70	$3.75	27.4%	7.8%	39.5%	2.7%	0.0%	5.9%	9.2%	4.6K	-145.7K	-2.0K	0.00	96.94	0	0	1,864	1,912
2009-06-05	$4.73	$4.38	21.1%	7.9%	39.0%	0.0%	0.0%	5.6%	8.6%	5.9K	-173.9K	-2.0K	0.00	62.72	0	0	1,864	1,912
2009-06-08	$4.69	$4.38	29.4%	7.8%	38.9%	14.7%	0.0%	6.1%	7.7%	4.7K	-146.7K	-2.0K	0.00	62.85	0	0	1,864	1,912
2009-06-09	$4.78	$4.38	20.9%	8.1%	39.1%	0.0%	35.1%	6.8%	8.7%	7.0K	-206.0K	-1.9K	0.00	91.45	28	0	1,864	1,912
2009-06-10	$4.79	$4.38	29.9%	7.8%	38.6%	15.9%	0.0%	4.8%	9.7%	7.7K	-209.2K	-1.8K	0.00	87.86	96	0	1,844	1,912
2009-06-11	$4.74	$4.38	29.3%	8.4%	36.7%	14.9%	0.0%	2.3%	6.1%	6.9K	-211.8K	-2.0K	0.00	89.77	0	0	1,940	1,912
2009-06-12	$4.72	$4.38	26.9%	7.7%	35.1%	10.5%	0.0%	3.9%	9.6%	6.0K	-176.7K	-1.9K	0.00	92.03	0	0	1,940	1,912
2009-06-15	$4.58	$4.38	31.8%	9.1%	37.5%	19.3%	0.0%	0.8%	7.2%	627	-68.3K	-1.9K	0.00	100.14	0	0	1,940	1,912
2009-06-16	$4.54	$4.38	31.5%	9.0%	36.3%	18.7%	0.0%	10.1%	7.3%	1.3K	-75.7K	-1.9K	0.00	109.98	0	0	1,940	1,912
2009-06-17	$4.54	$4.38	33.0%	9.4%	36.3%	21.3%	0.0%	9.4%	5.6%	271	-59.8K	-1.9K	0.00	100.80	0	0	1,940	1,912
2009-06-18	$4.53	$4.38	31.7%	9.1%	35.6%	19.0%	0.0%	10.2%	7.5%	-18	-53.5K	-1.9K	0.00	106.00	72	0	1,940	1,912
2009-06-19	$4.57	$4.38	30.4%	8.7%	35.6%	16.9%	0.0%	9.1%	8.4%	1.1K	-93.0K	-1.8K	0.00	105.92	0	0	1,976	1,912
2009-06-22	$4.51	$4.38	32.2%	9.2%	36.0%	20.0%	20.1%	8.7%	7.6%	-355	-57.5K	-1.8K	0.00	45.09	112	0	1,880	1,416
2009-06-23	$4.46	$4.38	30.7%	8.8%	28.6%	17.4%	22.4%	6.0%	9.3%	-1.5K	-27.4K	-1.9K	0.00	105.26	16	0	1,988	1,416
2009-06-24	$4.54	$4.38	30.3%	8.7%	24.4%	16.6%	0.0%	8.5%	9.5%	-85	-75.9K	-1.9K	0.00	27.97	0	0	2,004	1,416
2009-06-25	$4.61	$4.38	32.8%	9.4%	24.8%	21.1%	0.0%	13.0%	7.6%	2.6K	-123.9K	-1.8K	0.00	98.52	40	0	2,004	1,416
2009-06-26	$4.71	$4.38	32.0%	9.2%	25.7%	19.6%	0.0%	11.3%	22.7%	6.0K	-210.7K	-1.8K	0.00	100.92	0	0	2,044	1,416
2009-06-29	$4.64	$4.38	21.4%	6.1%	22.5%	0.9%	0.0%	0.9%	16.7%	978	-180.9K	-1.6K	0.00	94.76	0	0	2,044	1,416
2009-06-30	$4.55	$4.38	24.2%	6.9%	23.3%	5.8%	0.0%	-5.5%	7.9%	-279	-99.6K	-1.8K	0.00	44.72	0	0	2,044	1,416