MANH Options History — May 2010

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

In May 2010, MANH traded between $6.79 and $7.73. ATM implied volatility averaged 33.1%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 12.5% (HV 20d: 45.6%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 2.60.

Notable Days

2010-05-26: Highest Volume — 284 contracts
2010-05-06: Largest IV spike — 72.1% change
2010-05-06: Highest IV Rank — 56.8%
2010-05-06: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.25	$6.79	$7.73	$7.27	$7.24
Max Pain	$7.19	$6.25	$7.50	$7.50	$7.50
ATM IV	33.1%	27.6%	52.5%	29.6%	34.1%
Expected Move	9.3%	7.6%	15.1%	8.5%	9.8%
HV 20d	45.6%	35.1%	52.1%	46.4%	43.1%
HV 60d	35.0%	31.9%	38.7%	31.9%	38.7%
IV Rank	24.4%	15.2%	56.8%	18.6%	26.1%
IV Percentile	65.1%	30.6%	98.0%	44.8%	80.6%
Term Structure	2.2%	-2.7%	13.1%	-0.6%	-1.1%
VWIV	34.6%	27.0%	46.8%	27.0%	46.8%
Skew 25d	3.9%	-7.6%	18.6%	16.4%	-3.1%
Skew 10d	3.5%	-12.7%	21.0%	21.0%	-1.6%
Call IV 25d	29.3%	18.8%	37.6%	31.6%	30.8%
Put IV 25d	33.2%	24.0%	51.2%	47.9%	27.7%
Bid-Ask Spread %	81.87	16.50	148.10	112.16	19.49
Gamma HHI	0.37	0.32	0.43	0.42	0.34
Net GEX	-4.9K	-15.8K	-448	-2.6K	-4.2K
Net DEX	-5.5K	-298.5K	299.0K	-16.5K	14.0K
Net VEX	-3.4K	-3.8K	-3.0K	-3.4K	-3.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.60	0.00	12.50	0.00	5.45
Total Volume	80.8	0	284	40	0
Total OI	2,969.4	2,680	3,368	2,720	3,368

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 Vol	Put Vol	Call OI	Put OI
2010-05-03	$7.27	$7.50	29.6%	8.5%	46.4%	18.6%	0.0%	16.4%	-0.6%	-2.6K	-16.5K	-3.4K	0.00	112.16	40	0	1,252	1,468
2010-05-04	$7.11	$7.50	28.1%	8.0%	47.3%	16.0%	0.0%	-7.6%	0.5%	-3.8K	73.7K	-3.3K	0.00	27.89	0	0	1,212	1,468
2010-05-05	$7.16	$7.50	30.5%	8.7%	46.6%	20.1%	0.0%	18.6%	12.3%	-5.1K	65.5K	-3.1K	0.00	120.65	0	0	1,212	1,468
2010-05-06	$7.24	$7.50	52.5%	15.1%	46.6%	56.8%	0.0%	13.5%	0.5%	-3.2K	6.1K	-3.0K	0.00	148.10	0	0	1,212	1,468
2010-05-07	$7.06	$6.25	38.5%	9.3%	47.1%	33.4%	0.0%	0.7%	3.7%	-3.0K	59.6K	-3.2K	0.00	133.32	8	0	1,212	1,468
2010-05-10	$7.37	$6.25	30.5%	7.6%	49.2%	20.1%	27.0%	4.0%	4.1%	-4.6K	-42.9K	-3.3K	0.00	107.61	248	0	1,212	1,468
2010-05-11	$7.49	$6.25	34.5%	8.8%	49.4%	26.8%	0.0%	5.8%	2.3%	-2.7K	-161.7K	-3.8K	0.00	86.51	84	0	1,380	1,468
2010-05-12	$7.73	$6.25	29.9%	8.7%	50.1%	19.1%	0.0%	7.8%	-0.8%	-6.6K	-298.5K	-3.3K	0.00	98.47	0	24	1,424	1,468
2010-05-13	$7.57	$6.25	35.0%	10.0%	50.9%	27.5%	35.0%	7.1%	-2.7%	-448	-227.1K	-3.5K	0.00	96.00	0	40	1,424	1,492
2010-05-14	$7.37	$7.50	32.4%	9.3%	52.1%	23.2%	32.4%	1.7%	-0.1%	-3.8K	-90.0K	-3.5K	0.00	89.59	0	64	1,424	1,524
2010-05-17	$7.55	$7.50	31.4%	9.0%	52.1%	21.6%	0.0%	3.3%	0.1%	-7.7K	-118.6K	-3.4K	12.50	74.64	8	100	1,424	1,540
2010-05-18	$7.53	$7.50	32.0%	9.2%	52.1%	22.5%	32.0%	-4.1%	-1.4%	-9.1K	-179.0K	-3.5K	2.23	107.58	52	116	1,432	1,580
2010-05-19	$7.47	$7.50	31.6%	9.0%	35.1%	21.8%	0.0%	1.9%	-0.6%	-15.8K	-73.4K	-3.7K	1.80	16.50	40	72	1,464	1,696
2010-05-20	$6.97	$7.50	32.5%	9.3%	42.2%	23.4%	0.0%	0.4%	3.0%	-1.2K	172.1K	-3.5K	0.00	113.56	0	48	1,496	1,768
2010-05-21	$6.97	$7.50	31.9%	9.1%	39.4%	22.4%	46.8%	6.7%	4.2%	-3.0K	299.0K	-3.4K	3.47	68.20	60	208	1,496	1,772
2010-05-24	$6.95	$7.50	37.9%	10.9%	39.3%	32.4%	0.0%	3.4%	1.7%	-4.5K	107.0K	-3.4K	0.50	37.76	80	40	1,400	1,620
2010-05-25	$6.79	$7.50	27.6%	7.9%	39.6%	15.2%	0.0%	3.4%	13.1%	-6.8K	191.0K	-3.2K	0.00	112.36	0	0	1,460	1,660
2010-05-26	$6.95	$7.50	30.1%	8.6%	40.5%	19.5%	0.0%	2.0%	5.2%	-3.9K	72.2K	-3.5K	5.45	49.84	44	240	1,460	1,660
2010-05-27	$7.25	$7.50	31.1%	8.9%	43.4%	21.0%	0.0%	-3.6%	0.0%	-5.2K	37.7K	-3.7K	0.00	17.21	0	0	1,468	1,900
2010-05-28	$7.24	$7.50	34.1%	9.8%	43.1%	26.1%	0.0%	-3.1%	-1.1%	-4.2K	14.0K	-3.8K	0.00	19.49	0	0	1,468	1,900