MANH Options History — January 2007

In January 2007, MANH traded between $6.90 and $7.54. ATM implied volatility averaged 39.1%. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 19.5% (HV 20d: 19.6%). Max pain ranged from $5.63 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.77.

Notable Days

  • 2007-01-29: Highest Volume — 1,328 contracts
  • 2007-01-11: Largest IV spike — 116.6% change
  • 2007-01-30: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.10$6.90$7.54$7.54$7.02
Max Pain$7.31$5.63$7.50$5.63$7.50
ATM IV39.1%20.0%47.6%30.7%47.2%
Expected Move12.1%8.1%13.6%8.8%13.5%
HV 20d19.6%19.2%20.3%20.3%19.2%
Term Structure-6.2%-13.4%12.5%8.7%-12.0%
VWIV42.9%27.8%56.0%28.3%51.1%
Skew 25d10.1%1.8%15.5%6.0%9.0%
Skew 10d18.7%2.6%31.9%9.4%8.0%
Call IV 25d38.3%26.5%46.6%26.5%45.2%
Put IV 25d48.4%30.1%54.3%32.4%54.3%
Bid-Ask Spread %53.6016.4874.6652.2716.48
Gamma HHI0.620.520.760.760.54
Net GEX40.2K18.1K72.0K72.0K30.8K
Net DEX-1.1M-3.1M500.6K-3.1M118.4K
Net VEX-11.0K-12.2K-9.5K-12.2K-10.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.770.008.100.200.25
Total Volume255.601,3281200
Total OI13,344.211,34014,87613,53612,916

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-01-03$7.54$5.6330.7%8.8%0.0%0.0%0.0%6.0%8.7%72.0K-3.1M-12.2K0.2052.27100208,1325,404
2007-01-04$7.29$5.6328.2%8.1%0.0%0.0%28.3%1.8%12.5%69.8K-2.4M-12.2K1.0653.306406808,2325,384
2007-01-05$7.09$7.5027.7%11.3%0.0%0.0%39.2%11.1%-4.4%56.4K-1.8M-12.0K0.0068.472008,0885,924
2007-01-08$7.14$7.5023.7%11.6%0.0%0.0%0.0%15.0%-5.2%57.3K-1.9M-12.0K0.0060.28008,0885,924
2007-01-09$7.14$7.5030.6%11.6%0.0%0.0%0.0%12.1%-5.7%56.9K-1.8M-11.7K0.0059.54008,0885,924
2007-01-10$7.16$7.5020.0%12.1%0.0%0.0%42.4%11.9%-6.5%55.2K-1.8M-11.5K3.4664.99521808,0885,924
2007-01-11$7.25$7.5043.3%12.4%0.0%0.0%43.3%4.6%-7.9%58.5K-2.1M-11.6K0.0055.6305608,0806,024
2007-01-12$7.22$7.5042.3%12.1%0.0%0.0%42.3%6.0%-7.1%48.9K-1.9M-12.0K2.0057.4220408,0806,584
2007-01-16$7.24$7.5044.3%12.7%0.0%0.0%44.3%15.5%-9.9%49.0K-1.8M-11.5K2.5069.79802008,0806,584
2007-01-17$7.17$7.5044.1%12.6%0.0%0.0%0.0%14.4%-9.8%39.4K-1.6M-11.3K0.0065.27008,0926,784
2007-01-18$7.06$7.5046.2%13.2%0.0%0.0%46.2%13.6%-10.8%29.2K-1.4M-11.1K0.0074.664408,0926,784
2007-01-19$7.04$7.5045.3%13.0%0.0%0.0%27.8%13.8%-10.5%23.9K-1.2M-10.9K0.0068.3110408,0886,780
2007-01-22$6.94$7.5045.1%12.9%0.0%0.0%0.0%11.9%-4.0%22.7K107.1K-10.3K1.3352.6824326,0325,312
2007-01-23$6.97$7.5045.4%13.0%0.0%0.0%56.0%13.8%-6.6%24.2K13.0K-10.4K8.1050.86403246,0165,324
2007-01-24$6.97$7.5044.0%12.6%0.0%0.0%44.3%13.5%-5.8%22.5K86.5K-10.2K5.0053.948406,0165,628
2007-01-25$6.91$7.5044.1%12.6%20.3%0.0%44.5%8.5%-7.6%18.1K500.6K-9.6K0.6749.72120806,0165,668
2007-01-26$6.90$7.5035.2%10.1%19.7%0.0%0.0%5.2%-6.3%19.2K172.9K-10.2K0.9154.8292846,1365,708
2007-01-29$6.94$7.5046.4%13.3%19.6%0.0%48.5%6.3%-10.8%22.5K412.2K-9.5K1.0717.356406886,2045,764
2007-01-30$6.97$7.5047.6%13.6%19.3%0.0%51.1%7.7%-13.4%28.2K217.9K-10.3K0.2526.16160406,7126,180
2007-01-31$7.02$7.5047.2%13.5%19.2%0.0%0.0%9.0%-12.0%30.8K118.4K-10.2K0.0016.48006,7126,204