MODL Options History — April 2012

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

In April 2012, MODL traded between $10.80 and $12.81. ATM implied volatility averaged 44.8%. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 13.8% (HV 20d: 31.0%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.10.

Notable Days

2012-04-25: Highest Volume — 320 contracts
2012-04-12: Largest IV spike — 48.4% change
2012-04-24: Largest Expected Move — 15.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.65	$10.80	$12.81	$10.83	$12.76
Max Pain	$11.25	$10.00	$12.50	$10.00	$12.50
ATM IV	44.8%	30.5%	52.9%	44.1%	50.4%
Expected Move	13.0%	8.7%	15.2%	12.7%	14.5%
HV 20d	31.0%	26.1%	43.1%	43.1%	26.6%
HV 60d	35.2%	34.4%	36.3%	36.3%	34.8%
Term Structure	4.2%	-4.5%	13.5%	9.4%	-1.4%
VWIV	52.6%	52.6%	52.6%	52.6%	52.6%
Skew 25d	6.4%	-7.3%	16.9%	16.9%	11.3%
Skew 10d	20.6%	10.7%	47.6%	18.1%	14.8%
Call IV 25d	41.4%	33.4%	48.0%	36.4%	41.9%
Put IV 25d	47.8%	39.3%	54.7%	53.3%	53.2%
Bid-Ask Spread %	108.93	100.00	118.08	118.08	104.67
Gamma HHI	0.49	0.44	0.62	0.53	0.44
Net GEX	9.1K	5.4K	13.2K	5.6K	13.2K
Net DEX	-400.3K	-732.5K	-153.8K	-158.7K	-693.3K
Net VEX	-1.2K	-2.0K	-687	-735	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	1.18	0.00	0.00
Total Volume	57.3	0	320	0	20
Total OI	662.25	441	1,017	441	956

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2012-04-02	$10.83	$10.00	44.1%	12.7%	43.1%	0.0%	0.0%	16.9%	9.4%	5.6K	-158.7K	-735	0.00	118.08	N/A	N/A	0	0	414	27
2012-04-03	$10.91	$10.00	44.4%	12.7%	40.3%	0.0%	0.0%	8.4%	5.9%	5.6K	-164.6K	-758	0.00	114.56	N/A	N/A	0	0	414	27
2012-04-04	$10.80	$10.00	47.4%	13.6%	39.0%	0.0%	0.0%	11.8%	4.7%	5.8K	-160.0K	-713	0.00	109.77	N/A	N/A	0	0	414	27
2012-04-05	$10.85	$10.00	41.5%	11.9%	27.1%	0.0%	0.0%	7.8%	12.9%	5.4K	-159.6K	-717	0.00	112.17	N/A	N/A	0	0	414	27
2012-04-09	$10.85	$0.00	45.9%	14.1%	26.6%	0.0%	0.0%	13.9%	3.3%	5.5K	-153.8K	-687	0.00	104.94	N/A	N/A	10	0	414	27
2012-04-10	$11.02	$0.00	48.8%	14.0%	26.8%	0.0%	0.0%	8.8%	4.8%	5.5K	-168.3K	-724	0.00	109.39	N/A	N/A	10	0	424	27
2012-04-11	$11.51	$0.00	31.5%	10.3%	30.8%	0.0%	0.0%	6.4%	13.5%	7.6K	-206.2K	-798	0.00	115.78	N/A	N/A	114	0	424	27
2012-04-12	$11.37	$0.00	46.7%	13.4%	31.1%	0.0%	0.0%	-7.3%	-3.8%	7.1K	-235.6K	-876	0.00	110.78	N/A	N/A	0	0	474	27
2012-04-13	$11.50	$0.00	30.5%	8.7%	30.7%	0.0%	0.0%	15.4%	10.9%	8.2K	-243.1K	-901	0.00	108.45	N/A	N/A	100	0	474	27
2012-04-16	$11.26	$0.00	35.4%	10.1%	31.3%	0.0%	0.0%	8.1%	8.9%	7.8K	-306.2K	-1.1K	0.00	114.97	N/A	N/A	0	0	574	27
2012-04-17	$11.52	$0.00	40.9%	11.7%	32.0%	0.0%	0.0%	3.0%	12.9%	9.8K	-347.3K	-1.1K	0.00	113.09	N/A	N/A	3	0	574	27
2012-04-18	$11.67	$0.00	46.1%	13.2%	31.4%	0.0%	0.0%	-3.1%	3.4%	9.8K	-350.0K	-1.1K	0.01	109.69	N/A	N/A	312	4	577	27
2012-04-19	$11.73	$0.00	46.3%	13.3%	30.6%	0.0%	0.0%	-1.5%	1.8%	13.2K	-607.9K	-1.6K	0.00	110.62	N/A	N/A	0	0	858	31
2012-04-20	$11.75	$0.00	47.1%	13.5%	30.4%	0.0%	0.0%	-1.5%	1.3%	10.7K	-594.4K	-1.6K	0.00	110.62	N/A	N/A	29	0	858	31
2012-04-23	$11.88	$0.00	46.8%	13.4%	30.3%	0.0%	0.0%	1.3%	4.3%	11.2K	-594.9K	-1.6K	0.00	107.01	N/A	N/A	0	0	804	21
2012-04-24	$12.44	$0.00	52.9%	15.2%	29.4%	0.0%	52.6%	4.6%	-3.6%	12.8K	-699.7K	-1.5K	1.18	101.16	N/A	N/A	90	106	804	21
2012-04-25	$12.64	$12.50	51.3%	14.7%	29.6%	0.0%	0.0%	6.2%	-1.1%	12.9K	-732.5K	-2.0K	0.00	101.78	N/A	N/A	320	0	890	127
2012-04-26	$12.81	$12.50	52.6%	15.1%	27.7%	0.0%	0.0%	8.4%	-4.5%	12.2K	-707.6K	-1.9K	0.00	100.00	N/A	N/A	5	0	835	127
2012-04-27	$12.81	$12.50	46.4%	13.3%	26.1%	0.0%	0.0%	9.8%	0.2%	11.9K	-721.8K	-1.9K	0.00	101.01	N/A	N/A	23	0	840	127
2012-04-30	$12.76	$12.50	50.4%	14.5%	26.6%	0.0%	0.0%	11.3%	-1.4%	13.2K	-693.3K	-1.8K	0.00	104.67	N/A	N/A	20	0	829	127