MANH Options History — January 2010

Name: MANH Options Analytics - January 2010
Creator: Options Analysis Suite

In January 2010, MANH traded between $5.24 and $6.20. ATM implied volatility averaged 33.6%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 6.6% (HV 20d: 27.0%). Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.14.

Notable Days

2010-01-08: Highest Volume — 120 contracts
2010-01-06: Largest IV drop — 20.2% change
2010-01-29: Highest IV Rank — 42.4%
2010-01-29: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.73	$5.24	$6.20	$6.20	$5.24
ATM IV	33.6%	19.2%	44.3%	28.1%	44.3%
Expected Move	11.0%	9.8%	12.7%	10.7%	12.7%
HV 20d	27.0%	23.4%	32.9%	24.5%	32.8%
HV 60d	29.6%	24.4%	38.2%	37.8%	27.0%
IV Rank	24.1%	0.0%	42.4%	12.5%	42.4%
IV Percentile	48.8%	0.0%	83.7%	19.8%	83.7%
Term Structure	-2.0%	-4.7%	0.0%	-3.3%	-4.7%
Skew 25d	7.3%	-0.5%	13.8%	11.5%	3.3%
Skew 10d	9.1%	-8.9%	18.7%	8.0%	11.2%
Call IV 25d	33.0%	28.0%	41.2%	28.1%	41.2%
Put IV 25d	40.3%	33.8%	45.4%	39.6%	44.5%
Bid-Ask Spread %	77.16	30.59	99.93	82.42	99.93
Gamma HHI	0.73	0.49	0.98	0.98	0.78
Net GEX	14.5K	-74.5K	85.5K	85.5K	11.5K
Net DEX	-530.4K	-1.4M	-66.7K	-1.4M	-66.7K
Net VEX	-2.3K	-3.1K	-1.4K	-3.1K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.14	0.00	1.00	0.00	0.00
Total Volume	21.053	0	120	0	0
Total OI	4,062.316	2,080	5,876	5,736	2,204

Daily Data (19 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
2010-01-04	$6.20	$0.00	28.1%	10.7%	24.5%	12.5%	0.0%	11.5%	-3.3%	85.5K	-1.4M	-3.1K	0.00	82.42	0	0	4,020	1,716
2010-01-05	$6.12	$0.00	24.0%	10.1%	23.4%	5.4%	0.0%	11.4%	-0.8%	76.9K	-1.2M	-3.0K	0.00	47.54	24	0	4,020	1,716
2010-01-06	$6.03	$0.00	19.2%	10.6%	24.0%	0.0%	0.0%	9.2%	-3.0%	59.0K	-1.0M	-2.9K	0.00	34.85	0	0	4,000	1,716
2010-01-07	$5.94	$0.00	22.8%	9.8%	24.0%	6.0%	0.0%	8.0%	-1.5%	27.4K	-848.6K	-2.7K	0.00	30.59	0	44	4,000	1,716
2010-01-08	$5.93	$0.00	23.6%	10.6%	23.9%	7.4%	0.0%	6.6%	-1.1%	23.2K	-830.5K	-2.7K	0.00	69.30	120	0	4,000	1,716
2010-01-11	$5.80	$0.00	27.2%	10.8%	25.0%	13.5%	0.0%	5.3%	-1.8%	-21.6K	-649.0K	-2.5K	1.00	73.25	8	8	4,120	1,716
2010-01-12	$5.82	$0.00	29.8%	10.4%	25.0%	18.0%	0.0%	5.2%	0.0%	-18.9K	-674.6K	-2.5K	0.00	72.92	4	0	4,120	1,724
2010-01-13	$5.79	$0.00	30.9%	10.8%	24.2%	19.7%	0.0%	5.0%	-1.4%	-28.0K	-639.3K	-2.4K	0.00	81.26	0	28	4,124	1,724
2010-01-14	$5.83	$0.00	36.8%	10.5%	24.2%	29.7%	0.0%	-0.5%	-0.7%	-85	-643.9K	-2.6K	0.00	89.18	0	0	4,124	1,752
2010-01-15	$5.71	$0.00	36.3%	10.4%	25.0%	28.9%	0.0%	5.8%	0.0%	-74.5K	-530.5K	-2.3K	0.00	77.40	16	0	4,124	1,752
2010-01-19	$5.88	$0.00	38.2%	11.0%	27.1%	32.1%	0.0%	-0.1%	-1.6%	21.5K	-335.2K	-2.3K	0.00	90.39	0	0	1,828	252
2010-01-20	$5.72	$0.00	38.2%	10.9%	28.5%	32.1%	0.0%	7.5%	-1.9%	19.7K	-267.1K	-2.1K	0.00	77.33	60	0	1,828	252
2010-01-21	$5.71	$0.00	38.4%	11.0%	28.4%	32.5%	0.0%	5.1%	-2.1%	20.1K	-273.0K	-2.2K	0.00	82.21	0	8	1,888	252
2010-01-22	$5.49	$0.00	40.1%	11.5%	30.2%	35.4%	0.0%	13.8%	-2.4%	15.8K	-183.7K	-1.9K	0.00	83.39	0	0	1,888	260
2010-01-25	$5.38	$0.00	40.9%	11.7%	29.7%	36.7%	0.0%	8.0%	-3.1%	14.2K	-130.2K	-1.6K	0.00	87.15	32	0	1,888	260
2010-01-26	$5.40	$0.00	40.2%	11.5%	29.5%	35.5%	0.0%	11.4%	-2.9%	14.6K	-145.5K	-1.7K	0.00	92.12	0	8	1,896	260
2010-01-27	$5.53	$0.00	40.3%	11.6%	31.4%	35.7%	0.0%	12.8%	-3.3%	16.3K	-178.3K	-1.8K	0.00	97.87	0	0	1,896	268
2010-01-28	$5.33	$0.00	39.8%	11.4%	32.9%	34.9%	0.0%	9.2%	-2.6%	13.3K	-114.9K	-1.6K	0.00	96.85	0	40	1,896	268
2010-01-29	$5.24	$0.00	44.3%	12.7%	32.8%	42.4%	0.0%	3.3%	-4.7%	11.5K	-66.7K	-1.4K	0.00	99.93	0	0	1,896	308