MANH Options History — June 2013

In June 2013, MANH traded between $18.76 and $19.89. ATM implied volatility averaged 21.8%, placing in the 28.2% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 2.4% (HV 20d: 19.4%). Max pain ranged from $17.50 to $18.75. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 6.39.

Notable Days

2013-06-04: Highest Volume — 972 contracts
2013-06-13: Largest IV spike — 17.4% change
2013-06-27: Highest IV Rank — 39.5%
2013-06-27: Largest Expected Move — 6.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.20	$18.76	$19.89	$18.90	$19.29
Max Pain	$18.50	$17.50	$18.75	$17.50	$18.75
ATM IV	21.8%	19.3%	24.2%	19.9%	23.8%
Expected Move	6.4%	5.7%	6.9%	5.7%	6.8%
HV 20d	19.4%	16.6%	21.8%	19.9%	18.8%
HV 60d	20.7%	19.9%	21.4%	20.9%	21.2%
IV Rank	28.2%	18.4%	39.5%	20.0%	38.2%
IV Percentile	36.2%	14.3%	57.5%	18.3%	54.4%
Term Structure	3.8%	1.2%	5.9%	1.5%	4.2%
VWIV	22.4%	19.8%	24.2%	19.8%	22.6%
Skew 25d	4.6%	-1.4%	9.9%	8.8%	1.1%
Skew 10d	9.5%	-1.9%	16.3%	14.3%	1.7%
Call IV 25d	19.1%	12.8%	21.8%	14.6%	21.5%
Put IV 25d	23.7%	17.9%	25.7%	23.4%	22.5%
Bid-Ask Spread %	90.23	83.93	97.33	95.18	92.88
Gamma HHI	0.44	0.32	0.57	0.33	0.43
Net GEX	103.7K	75.7K	130.1K	111.9K	102.8K
Net DEX	-1.5M	-3.3M	-513.0K	-1.4M	-1.3M
Net VEX	-23.6K	-28.6K	-15.6K	-15.6K	-28.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.39	0.00	88.00	0.67	0.25
Total Volume	240.4	0	972	300	20
Total OI	7,881.4	6,096	8,804	6,096	8,804

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
2013-06-03	$18.90	$17.50	19.9%	5.7%	19.9%	20.0%	0.0%	8.8%	1.5%	111.9K	-1.4M	-15.6K	0.67	95.18	180	120	3,068	3,028
2013-06-04	$18.88	$17.50	19.8%	5.7%	16.6%	19.7%	19.8%	7.6%	1.6%	109.8K	-1.3M	-16.0K	4.65	97.30	172	800	3,068	3,128
2013-06-05	$18.76	$17.50	20.3%	5.8%	16.8%	20.8%	0.0%	2.1%	1.2%	75.7K	-513.0K	-20.5K	0.00	97.33	100	0	3,136	3,928
2013-06-06	$19.14	$17.50	20.8%	6.0%	18.1%	22.1%	0.0%	9.9%	1.4%	99.8K	-1.1M	-21.3K	0.00	96.96	20	0	3,208	3,928
2013-06-07	$18.96	$18.75	19.3%	6.3%	18.4%	18.4%	22.0%	4.3%	4.1%	97.4K	-918.0K	-21.2K	0.62	83.93	264	164	3,228	3,928
2013-06-10	$19.01	$18.75	19.8%	6.3%	18.2%	19.7%	20.4%	4.6%	4.1%	100.4K	-1.0M	-22.4K	0.00	85.50	44	0	3,492	4,092
2013-06-11	$18.83	$18.75	19.3%	6.4%	18.4%	18.5%	0.0%	3.8%	3.9%	98.6K	-795.3K	-22.0K	0.00	85.76	0	4	3,536	4,092
2013-06-12	$18.91	$18.75	19.4%	6.4%	18.4%	18.7%	22.4%	4.4%	3.9%	105.4K	-955.4K	-22.0K	0.00	85.77	32	0	3,536	4,096
2013-06-13	$19.23	$18.75	22.8%	6.5%	19.0%	27.0%	0.0%	4.9%	4.6%	114.1K	-1.5M	-21.8K	0.32	84.92	456	148	3,520	4,096
2013-06-14	$19.20	$18.75	23.1%	6.6%	19.0%	27.9%	0.0%	4.7%	3.9%	130.1K	-1.7M	-24.8K	0.00	84.44	0	0	3,956	4,228
2013-06-17	$19.59	$18.75	21.4%	6.1%	19.5%	23.6%	23.5%	6.9%	4.7%	115.2K	-2.6M	-24.5K	1.03	90.62	136	140	3,956	4,228
2013-06-18	$19.89	$18.75	21.5%	6.2%	19.6%	31.1%	22.1%	4.5%	4.8%	109.6K	-3.3M	-24.9K	0.85	87.69	52	44	4,084	4,336
2013-06-19	$19.62	$18.75	20.6%	5.9%	20.5%	28.2%	23.2%	3.6%	5.9%	108.6K	-2.7M	-25.0K	3.31	91.02	144	476	4,060	4,356
2013-06-20	$19.23	$18.75	24.1%	6.9%	21.8%	39.2%	24.2%	4.8%	4.8%	112.3K	-1.7M	-25.4K	88.00	88.69	4	352	4,072	4,428
2013-06-21	$19.33	$18.75	23.9%	6.8%	21.5%	38.5%	0.0%	5.3%	4.3%	98.3K	-1.7M	-25.9K	13.67	89.46	12	164	4,076	4,556
2013-06-24	$19.36	$18.75	23.5%	6.7%	21.4%	37.5%	0.0%	4.7%	5.3%	102.8K	-1.4M	-25.7K	0.90	88.96	316	284	3,756	4,352
2013-06-25	$19.36	$18.75	23.9%	6.8%	20.5%	38.5%	23.2%	1.9%	4.5%	100.5K	-1.4M	-28.6K	0.10	94.19	80	8	4,068	4,636
2013-06-26	$19.08	$18.75	23.7%	6.8%	21.3%	38.1%	22.8%	-1.4%	4.1%	76.1K	-909.2K	-28.3K	0.63	93.24	32	20	4,140	4,644
2013-06-27	$19.34	$18.75	24.2%	6.9%	19.7%	39.5%	0.0%	5.0%	4.2%	104.6K	-1.3M	-28.3K	0.00	90.71	20	0	4,140	4,644
2013-06-28	$19.29	$18.75	23.8%	6.8%	18.8%	38.2%	22.6%	1.1%	4.2%	102.8K	-1.3M	-28.1K	0.25	92.88	16	4	4,160	4,644