MANH Options History — June 2007

In June 2007, MANH traded between $6.63 and $7.30. ATM implied volatility averaged 28.6%. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 1.7% (HV 20d: 26.9%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 3.30.

Notable Days

  • 2007-06-26: Highest Volume — 3,356 contracts
  • 2007-06-11: Largest IV spike — 70.7% change
  • 2007-06-27: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.95$6.63$7.30$7.30$6.98
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV28.6%17.3%41.6%25.7%32.6%
Expected Move8.2%6.4%9.9%7.4%9.3%
HV 20d26.9%21.2%34.6%23.2%34.6%
HV 60d23.8%21.8%27.3%22.6%27.3%
Term Structure1.5%-2.3%6.9%1.0%-0.8%
VWIV29.0%16.7%37.5%25.7%32.5%
Skew 25d1.2%-9.7%10.5%0.1%-9.4%
Skew 10d2.8%-10.6%12.6%-0.8%-10.6%
Call IV 25d28.5%19.9%37.5%26.4%32.0%
Put IV 25d29.7%22.6%33.8%26.6%22.6%
Bid-Ask Spread %25.3011.5355.5814.1011.53
Gamma HHI0.750.590.860.860.73
Net GEX-135.1K-173.7K-90.5K-173.7K-117.6K
Net DEX3.1M2.1M3.9M2.1M2.8M
Net VEX-11.2K-13.9K-8.7K-13.9K-10.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.300.0022.500.0022.50
Total Volume374.66703,3561201,880
Total OI12,971.04812,50413,54412,67213,456

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-06-01$7.30$7.5025.7%7.4%23.2%0.0%25.7%0.1%1.0%-173.7K2.1M-13.9K0.0014.1012003,2169,456
2007-06-04$7.21$7.5023.5%7.7%23.6%0.0%0.0%7.0%1.8%-168.6K2.4M-13.2K0.0033.0801203,3129,456
2007-06-05$7.10$7.5018.7%7.9%24.1%0.0%0.0%5.0%1.4%-162.7K2.7M-13.0K0.0055.58003,3129,576
2007-06-06$7.09$7.5017.3%7.7%24.0%0.0%0.0%6.0%1.8%-164.2K2.8M-12.8K1.0022.1480803,3129,576
2007-06-07$6.91$7.5023.7%6.4%25.7%0.0%26.1%1.2%2.3%-145.1K3.2M-12.3K1.4332.7228403,3929,656
2007-06-08$7.03$7.5021.2%7.4%24.7%0.0%32.7%5.1%2.4%-153.3K3.1M-12.7K1.6733.2224403,4209,632
2007-06-11$6.87$7.5036.2%9.1%25.7%0.0%0.0%2.3%-0.7%-130.5K3.4M-11.0K0.0025.01003,4209,552
2007-06-12$6.86$7.5041.6%9.4%25.6%0.0%0.0%1.9%-1.1%-128.5K3.3M-11.4K0.0018.74003,4209,552
2007-06-13$6.92$7.5035.4%7.6%25.8%0.0%0.0%6.0%2.3%-136.3K3.3M-11.3K0.0019.814003,4209,552
2007-06-14$6.90$7.5027.9%8.0%22.6%0.0%0.0%3.3%1.4%-135.2K3.4M-11.4K0.0021.0712003,4609,552
2007-06-15$6.91$7.5026.1%7.5%22.4%0.0%32.6%4.3%2.8%-133.9K3.4M-11.2K0.0024.430163,4769,552
2007-06-18$6.92$7.5027.6%7.9%22.1%0.0%0.0%2.7%3.1%-144.3K3.3M-10.7K0.0024.960723,1049,400
2007-06-19$6.89$7.5022.7%6.5%21.2%0.0%0.0%0.7%4.5%-132.3K3.4M-10.4K0.0041.54003,1049,432
2007-06-20$6.63$7.5030.8%8.8%24.4%0.0%16.7%10.5%1.6%-92.0K3.9M-8.7K2.5012.96561403,1049,432
2007-06-21$7.00$7.5026.0%7.5%32.2%0.0%0.0%3.5%3.0%-155.3K3.3M-10.5K0.0030.6812803,1289,572
2007-06-22$6.84$7.5032.1%9.2%31.1%0.0%28.6%-4.2%-2.3%-123.8K3.5M-9.9K0.0433.82880323,2569,572
2007-06-25$6.78$7.5032.6%9.3%31.0%0.0%37.5%-2.8%3.8%-106.3K3.7M-9.7K0.0020.2236003,7329,604
2007-06-26$6.70$7.5030.2%8.7%30.6%0.0%23.4%-5.9%6.9%-90.5K3.9M-8.8K16.8520.011883,1683,9409,604
2007-06-27$6.98$7.5034.4%9.9%34.4%0.0%34.2%-2.3%-2.1%-116.2K2.9M-10.9K0.2523.49160404,1289,152
2007-06-28$7.04$7.5034.0%9.7%34.6%0.0%0.0%-9.7%-1.8%-127.4K2.5M-11.4K0.0012.295604,2769,124
2007-06-29$6.98$7.5032.6%9.3%34.6%0.0%32.5%-9.4%-0.8%-117.6K2.8M-10.6K22.5011.53801,8004,3329,124