MODL Options History — March 2012

Name: MODL Options Analytics - March 2012
Creator: Options Analysis Suite

In March 2012, MODL traded between $9.49 and $10.96. ATM implied volatility averaged 52.4%. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 11.8% (HV 20d: 40.6%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2012-03-09: Highest Volume — 100 contracts
2012-03-15: Largest IV drop — 28.7% change
2012-03-05: Largest Expected Move — 16.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.42	$9.49	$10.96	$10.21	$10.55
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	52.4%	39.5%	72.6%	53.7%	39.5%
Expected Move	14.6%	11.3%	16.1%	15.4%	11.3%
HV 20d	40.6%	28.3%	45.3%	28.3%	42.3%
HV 60d	36.3%	36.2%	36.4%	36.4%	36.2%
Term Structure	1.9%	-2.5%	16.8%	-1.6%	13.1%
VWIV	49.3%	40.4%	55.0%	40.4%	52.4%
Skew 25d	8.5%	-7.3%	17.3%	5.4%	12.0%
Skew 10d	12.8%	-14.0%	29.7%	21.3%	17.0%
Call IV 25d	47.2%	38.2%	62.2%	57.1%	39.5%
Put IV 25d	55.7%	44.8%	76.1%	62.6%	51.5%
Bid-Ask Spread %	101.37	80.22	117.77	110.63	117.77
Gamma HHI	0.53	0.50	0.60	0.55	0.50
Net GEX	4.8K	2.9K	5.7K	3.8K	5.2K
Net DEX	-131.5K	-174.7K	-75.1K	-104.7K	-133.3K
Net VEX	-687	-846	-480	-602	-700
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	7.545	0	100	0	2
Total OI	385.727	302	439	312	439

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2012-03-01	$10.21	$0.00	53.7%	15.4%	28.3%	0.0%	0.0%	5.4%	-1.6%	3.8K	-104.7K	-602	110.63	N/A	N/A	0	0	312	0
2012-03-02	$9.78	$0.00	54.6%	15.7%	31.7%	0.0%	40.4%	8.8%	0.4%	3.4K	-86.9K	-527	106.31	N/A	N/A	1	0	312	0
2012-03-05	$9.84	$10.00	56.4%	16.1%	31.9%	0.0%	0.0%	7.4%	0.2%	3.3K	-85.4K	-533	98.96	N/A	N/A	25	0	313	0
2012-03-06	$9.49	$10.00	47.7%	16.1%	32.7%	0.0%	0.0%	17.3%	0.2%	2.9K	-75.1K	-480	100.57	N/A	N/A	0	0	302	0
2012-03-07	$9.85	$10.00	52.5%	15.9%	33.9%	0.0%	0.0%	15.3%	1.4%	3.1K	-84.3K	-504	99.62	N/A	N/A	0	0	302	0
2012-03-08	$10.67	$10.00	47.7%	15.8%	45.2%	0.0%	55.0%	-7.3%	1.9%	4.0K	-111.9K	-570	97.64	N/A	N/A	0	10	302	0
2012-03-09	$10.83	$10.00	49.8%	15.6%	43.9%	0.0%	0.0%	-1.8%	-1.3%	4.1K	-119.0K	-617	87.35	N/A	N/A	100	0	302	10
2012-03-12	$10.96	$10.00	62.2%	12.1%	43.9%	0.0%	0.0%	17.1%	16.8%	5.7K	-174.7K	-846	92.81	N/A	N/A	0	0	402	10
2012-03-13	$10.90	$10.00	64.7%	15.2%	44.0%	0.0%	0.0%	16.2%	-0.0%	5.7K	-174.5K	-845	95.31	N/A	N/A	1	0	402	10
2012-03-14	$10.85	$10.00	72.6%	14.6%	43.9%	0.0%	0.0%	13.9%	1.5%	5.6K	-172.3K	-838	94.82	N/A	N/A	0	0	403	10
2012-03-15	$10.70	$10.00	51.8%	14.8%	44.3%	0.0%	0.0%	13.4%	-0.2%	5.5K	-165.2K	-805	80.22	N/A	N/A	0	0	403	10
2012-03-16	$10.55	$10.00	50.5%	14.5%	41.3%	0.0%	0.0%	13.5%	2.2%	5.2K	-157.0K	-800	87.00	N/A	N/A	0	0	403	10
2012-03-19	$10.53	$10.00	50.1%	14.4%	41.3%	0.0%	0.0%	-2.1%	1.8%	5.2K	-141.1K	-740	109.48	N/A	N/A	0	0	402	10
2012-03-20	$10.39	$10.00	51.6%	14.8%	41.4%	0.0%	52.4%	1.9%	-1.1%	5.1K	-131.0K	-703	105.00	N/A	N/A	10	0	402	10
2012-03-21	$10.26	$10.00	45.7%	13.1%	41.6%	0.0%	0.0%	11.8%	3.7%	5.4K	-131.5K	-685	103.64	N/A	N/A	0	0	412	10
2012-03-22	$10.21	$10.00	50.4%	14.5%	41.1%	0.0%	0.0%	10.9%	0.7%	5.0K	-123.5K	-667	103.60	N/A	N/A	0	0	412	10
2012-03-23	$10.20	$10.00	51.3%	14.7%	41.1%	0.0%	0.0%	9.7%	-1.2%	5.0K	-120.4K	-657	105.06	N/A	N/A	0	0	412	10
2012-03-26	$10.73	$10.00	52.4%	15.0%	45.0%	0.0%	0.0%	4.3%	-2.5%	5.7K	-158.3K	-717	105.87	N/A	N/A	0	17	412	10
2012-03-27	$10.82	$10.00	50.0%	14.3%	44.9%	0.0%	0.0%	6.4%	2.3%	5.6K	-163.9K	-804	103.17	N/A	N/A	0	0	412	27
2012-03-28	$10.60	$10.00	47.3%	13.6%	44.9%	0.0%	0.0%	0.7%	3.4%	5.3K	-150.0K	-762	110.86	N/A	N/A	0	0	412	27
2012-03-29	$10.42	$10.00	50.3%	14.4%	45.3%	0.0%	0.0%	13.2%	1.2%	5.2K	-129.4K	-715	114.52	N/A	N/A	0	0	412	27
2012-03-30	$10.55	$10.00	39.5%	11.3%	42.3%	0.0%	0.0%	12.0%	13.1%	5.2K	-133.3K	-700	117.77	N/A	N/A	2	0	412	27