MANH Options History — June 2014

In June 2014, MANH traded between $32.59 and $35.31. ATM implied volatility averaged 27.4%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 1.7% (HV 20d: 25.7%). Max pain ranged from $30.00 to $31.25. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.49.

Notable Days

2014-06-18: Highest Volume — 248 contracts
2014-06-03: Largest IV drop — 22.4% change
2014-06-02: Highest IV Rank — 54.1%
2014-06-02: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.22	$32.59	$35.31	$32.64	$34.43
Max Pain	$31.01	$30.00	$31.25	$30.00	$31.25
ATM IV	27.4%	25.1%	33.4%	33.4%	26.2%
Expected Move	7.9%	7.3%	9.6%	9.6%	7.5%
HV 20d	25.7%	21.1%	34.0%	32.7%	23.5%
HV 60d	33.0%	30.6%	35.5%	34.5%	30.6%
IV Rank	35.8%	28.8%	54.1%	54.1%	32.0%
IV Percentile	59.7%	45.6%	83.7%	83.7%	50.8%
Term Structure	4.0%	0.0%	6.5%	2.7%	5.7%
VWIV	28.7%	21.9%	47.1%	21.9%	27.8%
Skew 25d	5.5%	-1.0%	13.0%	12.0%	2.7%
Skew 10d	12.1%	-8.9%	25.3%	-8.9%	12.5%
Call IV 25d	27.7%	25.4%	32.5%	26.5%	27.9%
Put IV 25d	33.1%	27.6%	38.6%	38.5%	30.5%
Bid-Ask Spread %	82.13	74.26	90.72	90.72	78.73
Gamma HHI	0.33	0.21	0.44	0.22	0.42
Net GEX	275.3K	157.9K	345.8K	158.7K	345.8K
Net DEX	-4.5M	-6.2M	-2.2M	-2.2M	-4.7M
Net VEX	-16.7K	-20.0K	-13.1K	-17.6K	-13.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.00	2.38	0.19	0.56
Total Volume	66.476	0	248	62	39
Total OI	6,086.571	5,790	6,366	6,049	5,855

Daily Data (21 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
2014-06-02	$32.64	$30.00	33.4%	9.6%	32.7%	54.1%	0.0%	12.0%	2.7%	158.7K	-2.2M	-17.6K	0.19	90.72	52	10	4,016	2,033
2014-06-03	$32.59	$30.00	25.9%	7.4%	32.8%	31.2%	21.9%	5.3%	0.0%	157.9K	-2.5M	-17.9K	2.00	84.40	5	10	4,041	2,033
2014-06-04	$33.04	$30.00	26.6%	7.6%	32.6%	33.4%	47.1%	3.0%	0.1%	173.7K	-2.9M	-18.2K	0.00	82.31	37	0	4,041	2,043
2014-06-05	$34.16	$30.00	27.7%	7.9%	34.0%	36.7%	27.8%	-1.0%	2.1%	222.2K	-4.2M	-17.8K	0.24	86.29	67	16	4,016	2,043
2014-06-06	$34.33	$31.25	26.3%	8.3%	30.5%	32.4%	29.7%	6.0%	3.3%	242.1K	-4.6M	-18.4K	0.15	78.40	95	14	4,024	2,055
2014-06-09	$34.80	$31.25	25.8%	8.1%	30.6%	30.8%	28.8%	13.0%	3.0%	252.9K	-5.1M	-18.5K	0.32	81.45	95	30	4,073	2,057
2014-06-10	$34.58	$31.25	25.1%	7.9%	23.9%	28.8%	29.1%	5.2%	5.3%	276.0K	-4.9M	-17.7K	0.33	78.72	55	18	4,105	2,087
2014-06-11	$34.51	$31.25	28.7%	7.8%	21.8%	39.9%	30.1%	8.2%	4.3%	295.9K	-5.2M	-20.0K	0.00	82.40	39	0	4,113	2,069
2014-06-12	$34.06	$31.25	28.6%	8.2%	21.4%	39.4%	29.8%	4.5%	4.8%	259.1K	-4.3M	-17.1K	0.96	78.95	24	23	4,123	2,069
2014-06-13	$34.32	$31.25	28.3%	8.1%	21.3%	38.5%	28.4%	7.4%	3.8%	270.3K	-4.5M	-16.8K	0.21	80.06	107	22	4,119	2,081
2014-06-16	$34.01	$31.25	28.8%	8.3%	21.1%	40.0%	29.4%	5.0%	2.9%	274.9K	-4.1M	-18.4K	0.36	85.57	14	5	4,141	2,098
2014-06-17	$35.31	$31.25	27.5%	7.9%	23.1%	36.2%	26.8%	6.6%	4.6%	339.7K	-6.2M	-18.2K	0.01	78.81	174	2	4,141	2,100
2014-06-18	$34.69	$31.25	28.2%	8.1%	24.1%	38.1%	28.9%	6.5%	4.7%	308.1K	-5.2M	-16.8K	0.33	74.26	187	61	4,265	2,101
2014-06-19	$34.56	$31.25	27.9%	8.0%	24.3%	37.2%	28.4%	6.2%	4.6%	327.5K	-5.0M	-16.3K	0.00	82.34	26	0	4,282	2,067
2014-06-20	$34.69	$31.25	26.9%	7.7%	23.9%	34.1%	26.9%	7.9%	4.8%	324.7K	-5.1M	-15.8K	0.10	88.40	42	4	4,291	2,067
2014-06-23	$34.56	$31.25	27.3%	7.8%	23.7%	35.4%	28.3%	5.1%	6.0%	297.6K	-4.8M	-15.2K	0.04	83.80	26	1	4,116	1,674
2014-06-24	$34.05	$31.25	27.4%	7.8%	23.8%	35.6%	26.5%	2.8%	5.5%	289.1K	-4.3M	-14.9K	2.38	80.08	21	50	4,130	1,675
2014-06-25	$34.66	$31.25	25.9%	7.4%	23.7%	31.3%	21.9%	5.1%	5.7%	337.1K	-5.0M	-14.7K	0.07	85.62	14	1	4,135	1,725
2014-06-26	$34.28	$31.25	28.0%	8.0%	24.2%	37.5%	0.0%	3.9%	4.1%	295.6K	-4.3M	-14.2K	0.00	78.56	0	0	4,131	1,726
2014-06-27	$34.40	$31.25	25.5%	7.3%	23.5%	30.0%	28.5%	-0.5%	6.5%	331.3K	-4.6M	-13.9K	1.50	84.82	4	6	4,131	1,726
2014-06-30	$34.43	$31.25	26.2%	7.5%	23.5%	32.0%	27.8%	2.7%	5.7%	345.8K	-4.7M	-13.1K	0.56	78.73	25	14	4,129	1,726