MANH Options History — February 2011

Name: MANH Options Analytics - February 2011
Creator: Options Analysis Suite

In February 2011, MANH traded between $7.34 and $8.05. ATM implied volatility averaged 57.6%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 34.5% (HV 20d: 23.1%). Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.15.

Notable Days

2011-02-22: Highest Volume — 160 contracts
2011-02-10: Largest IV spike — 70.4% change
2011-02-28: Highest IV Rank — 68.5%
2011-02-28: Largest Expected Move — 23.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.70	$7.34	$8.05	$7.45	$8.05
ATM IV	57.6%	30.0%	81.9%	56.1%	81.9%
Expected Move	16.9%	8.6%	23.5%	16.1%	23.5%
HV 20d	23.1%	19.9%	26.4%	20.2%	25.2%
HV 60d	18.8%	17.8%	20.5%	17.8%	20.5%
IV Rank	42.8%	13.8%	68.5%	41.2%	68.5%
IV Percentile	87.1%	35.3%	98.8%	92.9%	98.8%
Term Structure	-10.5%	-28.7%	23.6%	-2.3%	-19.0%
Skew 25d	7.4%	-5.9%	27.1%	3.0%	4.8%
Skew 10d	15.0%	5.1%	37.6%	5.1%	23.2%
Call IV 25d	75.7%	26.6%	111.1%	64.1%	111.1%
Put IV 25d	83.1%	31.7%	115.9%	67.2%	115.9%
Bid-Ask Spread %	147.63	143.77	150.15	146.66	149.15
Gamma HHI	0.25	0.21	0.28	0.26	0.21
Net GEX	-446	-1.4K	865	-983	491
Net DEX	-67.5K	-112.4K	-28.3K	-33.9K	-112.4K
Net VEX	-734	-1.1K	-331	-685	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.15	0.00	3.00	0.45	0.00
Total Volume	23.579	0	160	0	0
Total OI	833.895	700	1,148	700	1,148

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
2011-02-01	$7.45	$0.00	56.1%	16.1%	20.2%	41.2%	0.0%	3.0%	-2.3%	-983	-33.9K	-685	0.00	146.66	0	0	208	492
2011-02-02	$7.34	$0.00	49.7%	14.3%	19.9%	34.6%	0.0%	7.8%	11.6%	-1.2K	-28.3K	-670	0.00	143.77	0	0	208	492
2011-02-03	$7.54	$0.00	45.8%	13.1%	21.8%	30.4%	0.0%	13.9%	23.6%	-1.0K	-47.0K	-601	0.00	145.70	0	0	208	492
2011-02-04	$7.58	$0.00	48.1%	16.4%	21.8%	32.9%	0.0%	3.6%	-12.2%	-937	-49.0K	-600	0.00	146.06	0	0	208	492
2011-02-07	$7.60	$0.00	37.6%	17.0%	21.6%	21.8%	0.0%	3.8%	-13.2%	-693	-49.3K	-614	0.00	148.51	0	0	208	492
2011-02-08	$7.67	$0.00	48.3%	9.5%	21.9%	33.1%	0.0%	8.7%	2.4%	-252	-61.1K	-525	0.00	148.70	0	0	208	492
2011-02-09	$7.59	$0.00	36.1%	13.5%	22.0%	20.3%	0.0%	13.8%	-3.4%	-19	-64.9K	-424	0.00	144.17	0	0	208	492
2011-02-10	$7.59	$0.00	61.6%	17.7%	21.5%	47.1%	0.0%	11.3%	-14.5%	-528	-51.2K	-610	0.00	148.44	0	0	208	492
2011-02-11	$7.76	$0.00	54.9%	15.7%	22.9%	40.0%	0.0%	15.5%	-28.7%	-489	-68.0K	-494	0.00	148.06	0	0	208	492
2011-02-14	$7.79	$0.00	30.0%	8.6%	22.9%	13.8%	0.0%	5.1%	3.7%	865	-83.1K	-331	0.00	148.61	0	80	208	492
2011-02-15	$7.70	$0.00	50.8%	14.6%	23.4%	35.7%	0.0%	27.1%	-14.8%	-657	-53.0K	-650	0.45	149.10	88	40	208	572
2011-02-16	$7.83	$0.00	65.9%	18.9%	24.0%	51.6%	0.0%	4.3%	-18.7%	13	-93.3K	-846	0.00	149.20	0	0	296	612
2011-02-17	$7.85	$0.00	62.5%	17.9%	23.9%	48.0%	0.0%	3.7%	-14.9%	-320	-98.8K	-738	0.00	149.91	0	0	296	612
2011-02-18	$7.93	$0.00	67.3%	19.3%	24.0%	53.1%	0.0%	4.2%	-12.5%	85	-98.3K	-840	0.00	150.15	0	0	296	612
2011-02-22	$7.81	$0.00	64.7%	18.5%	24.8%	50.3%	0.0%	-5.9%	-16.6%	19	-91.0K	-858	3.00	149.26	40	120	296	612
2011-02-23	$7.58	$0.00	76.6%	22.0%	25.9%	62.8%	0.0%	5.0%	-23.8%	-583	-67.1K	-1.1K	0.00	146.07	0	40	336	732
2011-02-24	$7.70	$0.00	77.4%	22.2%	26.4%	63.7%	0.0%	5.0%	-23.3%	-1.4K	-58.7K	-1.1K	0.00	147.53	0	0	336	772
2011-02-25	$7.85	$0.00	78.0%	22.4%	24.5%	64.4%	0.0%	5.1%	-22.3%	-856	-73.3K	-1.1K	0.00	145.96	40	0	336	772
2011-02-28	$8.05	$0.00	81.9%	23.5%	25.2%	68.5%	0.0%	4.8%	-19.0%	491	-112.4K	-1.1K	0.00	149.15	0	0	376	772