MANH Options History — May 2007

In May 2007, MANH traded between $7.05 and $7.42. ATM implied volatility averaged 24.4%. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 0.0% (HV 20d: 24.4%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 3.66.

Notable Days

  • 2007-05-17: Highest Volume — 2,000 contracts
  • 2007-05-16: Largest IV spike — 21.9% change
  • 2007-05-23: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.25$7.05$7.42$7.22$7.26
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV24.4%20.1%26.3%24.3%24.2%
Expected Move7.0%5.8%7.5%7.0%6.9%
HV 20d24.4%22.7%26.5%22.9%23.2%
HV 60d24.7%22.5%27.3%27.3%22.5%
Term Structure1.6%-0.7%3.3%-0.7%1.9%
VWIV25.5%23.6%31.9%24.3%31.9%
Skew 25d-0.4%-6.9%7.9%-0.6%0.3%
Skew 10d0.1%-5.6%8.1%-0.5%-1.8%
Call IV 25d23.6%20.9%25.6%24.3%24.7%
Put IV 25d23.3%17.4%31.8%23.7%25.0%
Bid-Ask Spread %14.697.9227.1720.0119.87
Gamma HHI0.910.850.950.940.85
Net GEX-215.5K-332.3K-133.1K-271.5K-172.1K
Net DEX3.3M1.6M4.9M4.0M2.3M
Net VEX-14.3K-16.8K-11.6K-15.6K-13.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.660.0030.004.350.00
Total Volume306.90902,0001,28440
Total OI13,903.09111,62815,38414,50812,680

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-05-01$7.22$7.5024.3%7.0%22.9%0.0%24.3%-0.6%-0.7%-271.5K4.0M-15.6K4.3520.012401,0442,69211,816
2007-05-02$7.31$7.5023.4%6.7%23.2%0.0%0.0%3.2%-0.2%-311.8K3.6M-16.3K30.0014.6141202,89212,016
2007-05-03$7.34$7.5024.9%7.1%23.2%0.0%24.9%0.5%-0.5%-332.3K3.6M-16.8K1.0312.662322402,89612,488
2007-05-04$7.34$7.5023.2%7.1%23.1%0.0%0.0%0.1%0.9%-297.4K3.4M-16.4K0.008.12003,11211,808
2007-05-07$7.36$7.5025.1%6.8%22.8%0.0%23.6%-0.3%1.9%-307.5K3.3M-16.0K0.507.9280403,11211,808
2007-05-08$7.30$7.5023.8%6.9%22.7%0.0%24.1%-0.6%1.0%-303.1K3.6M-15.5K1.0010.0640403,19211,808
2007-05-09$7.29$7.5026.3%7.2%22.7%0.0%25.0%-0.9%1.0%-293.9K3.5M-15.5K0.5511.7380443,23211,808
2007-05-10$7.08$7.5024.8%7.1%24.6%0.0%0.0%-5.4%1.4%-189.5K4.7M-13.8K2.0012.1140803,30411,848
2007-05-11$7.14$7.5024.6%7.0%24.4%0.0%0.0%-4.2%2.5%-199.0K4.5M-13.8K0.0016.290403,34411,792
2007-05-14$7.08$7.5024.6%7.1%23.8%0.0%0.0%4.5%2.1%-181.9K4.9M-11.6K0.0527.178042,71211,472
2007-05-15$7.05$7.5020.1%5.8%23.8%0.0%0.0%-6.9%2.3%-168.8K4.6M-13.0K0.0019.604003,42411,588
2007-05-16$7.29$7.5024.5%7.0%26.3%0.0%24.5%-0.7%2.1%-245.1K4.0M-14.0K0.0010.380563,46411,456
2007-05-17$7.22$7.5024.6%7.0%26.5%0.0%0.0%-1.6%1.8%-180.1K4.1M-13.5K0.0012.6402,0003,46411,436
2007-05-18$7.29$7.5023.6%6.8%26.1%0.0%0.0%-0.6%2.3%-233.7K3.8M-13.6K9.0013.99403603,46411,128
2007-05-21$7.39$7.5025.1%7.2%26.5%0.0%25.1%1.4%2.2%-154.7K1.8M-13.9K0.2012.17400802,8408,788
2007-05-22$7.42$7.5025.8%7.4%25.8%0.0%0.0%0.9%2.1%-149.3K1.6M-14.4K0.0010.60003,1528,788
2007-05-23$7.35$7.5026.1%7.5%25.9%0.0%26.1%0.6%2.5%-146.2K1.7M-14.3K0.3312.65120403,1528,788
2007-05-24$7.10$7.5023.4%6.7%26.3%0.0%25.6%-3.7%3.3%-133.1K2.6M-13.4K0.0020.028403,2728,828
2007-05-25$7.15$7.5025.4%7.3%26.0%0.0%25.5%-2.0%2.2%-141.6K2.3M-13.5K1.4314.601682403,3368,828
2007-05-29$7.24$7.5023.8%6.8%23.4%0.0%0.0%7.9%2.3%-161.5K2.3M-13.2K11.8218.66445203,2248,936
2007-05-30$7.29$7.5024.9%7.1%23.6%0.0%0.0%-0.4%1.8%-166.1K2.2M-14.0K0.0017.307203,2249,456
2007-05-31$7.26$7.5024.2%6.9%23.2%0.0%31.9%0.3%1.9%-172.1K2.3M-13.6K0.0019.874003,2249,456