MANH Options History — April 2007

In April 2007, MANH traded between $6.90 and $7.61. ATM implied volatility averaged 27.7%. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 8.6% (HV 20d: 19.1%). Max pain ranged from $6.25 to $8.75. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 2.05.

Notable Days

  • 2007-04-25: Highest Volume — 4,128 contracts
  • 2007-04-12: Largest IV spike — 85.6% change
  • 2007-04-25: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.22$6.90$7.61$6.90$7.23
Max Pain$6.94$6.25$8.75$6.25$7.50
ATM IV27.7%16.8%40.7%17.9%22.9%
Expected Move8.4%4.8%11.7%5.1%6.6%
HV 20d19.1%15.8%24.7%24.7%23.0%
HV 60d25.3%24.7%27.3%25.4%27.3%
Term Structure1.6%-6.0%17.6%15.5%0.2%
VWIV30.3%18.0%40.7%19.5%23.0%
Skew 25d10.3%-0.6%22.0%2.5%-0.6%
Skew 10d13.8%-5.2%26.6%3.0%-5.2%
Call IV 25d25.8%14.3%34.0%17.0%23.6%
Put IV 25d36.1%19.5%47.4%19.5%23.0%
Bid-Ask Spread %24.736.0358.936.0345.81
Gamma HHI0.750.570.950.710.95
Net GEX-107.6K-344.6K-24.7K-84.0K-286.8K
Net DEX2.0M1.4M3.8M1.9M3.8M
Net VEX-12.9K-17.3K-10.9K-10.9K-15.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.0010.221.441.08
Total Volume497.804,128160108
Total OI12,0059,26015,04010,99214,444

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-04-02$6.90$6.2517.9%5.1%24.7%0.0%19.5%2.5%15.5%-84.0K1.9M-10.9K0.006.0301602,5488,444
2007-04-03$6.93$6.2516.8%4.8%22.1%0.0%32.1%13.5%15.7%-83.0K1.9M-11.4K1.446.281281842,5488,444
2007-04-04$6.94$6.2517.4%5.0%22.1%0.0%0.0%16.3%14.7%-82.3K1.9M-11.9K0.0019.27002,6368,628
2007-04-05$7.00$6.2516.9%4.8%21.0%0.0%18.0%22.0%17.6%-81.4K1.8M-11.7K0.0020.436402,6368,628
2007-04-09$6.95$6.2528.0%9.1%20.6%0.0%0.0%7.8%0.2%-84.3K1.9M-11.5K0.0016.926002,6808,628
2007-04-10$7.05$6.2518.1%9.1%21.1%0.0%31.5%7.9%-0.6%-80.8K1.8M-11.7K0.6114.053402082,6728,628
2007-04-11$7.06$6.2517.4%9.2%18.0%0.0%40.5%4.5%-0.9%-76.4K1.7M-12.1K0.8024.5860482,9608,800
2007-04-12$7.17$6.2532.4%9.3%18.4%0.0%0.0%10.2%-0.5%-79.2K1.9M-13.0K0.1845.00204363,0009,668
2007-04-13$7.25$6.2532.2%9.2%18.3%0.0%0.0%10.5%-0.8%-62.6K1.6M-13.3K0.0058.93003,1289,700
2007-04-16$7.36$6.2534.3%9.8%18.2%0.0%34.3%12.2%-2.6%-44.6K1.4M-13.3K3.6422.17441603,1289,700
2007-04-17$7.36$7.5034.8%10.0%18.0%0.0%0.0%12.0%-3.2%-42.3K1.4M-13.2K0.0020.421603,1689,708
2007-04-18$7.25$7.5034.8%10.0%17.2%0.0%34.8%9.9%-3.2%-76.5K1.7M-12.7K0.0022.234803,1729,708
2007-04-19$7.26$7.5035.1%10.1%15.8%0.0%0.0%11.0%-3.8%-79.5K1.7M-12.6K0.0040.57043,1609,708
2007-04-20$7.37$7.5035.4%10.1%16.4%0.0%0.0%12.0%-3.2%-24.7K1.4M-12.8K0.0045.0112803,1609,712
2007-04-23$7.32$7.5035.5%10.2%16.6%0.0%35.5%12.9%-4.0%-113.3K2.0M-12.6K1.0720.051201281,4287,832
2007-04-24$7.45$7.5036.8%10.5%17.3%0.0%36.8%15.3%-4.1%-114.1K1.8M-12.8K8.6918.79524521,4887,912
2007-04-25$7.40$7.5040.7%11.7%17.7%0.0%40.7%16.6%-6.0%-108.5K1.9M-12.9K10.2225.013683,7601,5008,096
2007-04-26$7.61$8.7525.4%7.3%17.1%0.0%25.4%6.1%-0.5%-202.7K3.2M-14.1K0.8412.651,3361,1201,86011,800
2007-04-27$7.49$7.5022.0%6.3%18.6%0.0%22.0%3.6%2.4%-344.6K2.8M-17.3K4.1710.461205002,62012,420
2007-04-30$7.23$7.5022.9%6.6%23.0%0.0%23.0%-0.6%0.2%-286.8K3.8M-15.4K1.0845.8152562,68411,760