MANH Options History — July 2007

In July 2007, MANH traded between $6.94 and $7.67. ATM implied volatility averaged 32.4%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 0.5% (HV 20d: 32.8%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 1.50.

Notable Days

  • 2007-07-30: Highest Volume — 1,928 contracts
  • 2007-07-12: Largest IV spike — 89.8% change
  • 2007-07-30: Highest IV Rank — 65.7%
  • 2007-07-30: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.13$6.94$7.67$7.02$6.97
Max Pain$6.55$6.25$7.50$7.50$7.50
ATM IV32.4%16.9%41.6%32.8%40.3%
Expected Move9.9%8.1%11.9%9.4%11.6%
HV 20d32.8%21.4%40.3%34.5%40.3%
HV 60d28.3%26.4%33.0%27.2%33.0%
IV Rank41.8%0.3%65.7%30.0%62.3%
IV Percentile62.5%0.8%86.7%49.2%84.7%
Term Structure-3.7%-6.8%-0.5%-1.5%-4.5%
VWIV36.7%29.5%41.6%33.9%40.2%
Skew 25d3.2%-14.1%10.7%-10.8%3.5%
Skew 10d7.5%-14.1%18.6%-12.2%8.7%
Call IV 25d31.9%24.4%40.1%33.2%40.1%
Put IV 25d35.1%19.8%43.6%22.4%43.6%
Bid-Ask Spread %25.6214.3364.4714.3323.87
Gamma HHI0.660.260.890.710.26
Net GEX-44.7K-151.4K40.2K-101.6K-5.8K
Net DEX1.4M-1.4M2.8M2.4M149.3K
Net VEX-8.8K-11.1K-6.7K-10.1K-11.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.0014.400.501.22
Total Volume424.38101,928240408
Total OI10,734.8575,96413,21612,6608,756

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-07-02$7.02$7.5032.8%9.4%34.5%0.0%33.9%-10.8%-1.5%-101.6K2.4M-10.1K0.5014.33160804,3728,288
2007-07-03$6.96$7.5028.4%8.2%34.2%0.0%35.0%-14.1%-2.2%-93.4K2.4M-10.0K0.0017.394004,4528,288
2007-07-05$6.94$7.5028.1%8.1%34.2%30.0%34.5%-11.3%-2.3%-89.9K2.5M-9.5K0.4319.8192404,4928,288
2007-07-06$7.06$6.2525.9%9.3%33.3%24.3%0.0%5.1%-2.9%-112.6K2.2M-9.8K14.4018.23405764,5848,288
2007-07-09$7.11$6.2525.0%9.4%32.8%21.7%0.0%5.1%-3.3%-114.5K2.1M-9.3K0.0022.114004,5448,008
2007-07-10$7.02$6.2519.7%9.5%32.0%7.9%0.0%3.0%-3.8%-53.5K2.8M-7.4K0.0019.7205404,5448,008
2007-07-11$7.13$6.2516.9%9.3%32.3%0.3%0.0%7.1%-3.0%-65.0K2.7M-7.5K0.0019.75004,5447,772
2007-07-12$7.18$6.2532.0%9.2%32.3%40.3%0.0%7.0%-2.4%-151.4K2.4M-8.6K0.0021.73004,5448,312
2007-07-13$7.13$6.2532.1%9.2%32.4%40.6%0.0%7.6%-2.9%-65.3K2.7M-7.3K0.0019.401204,5447,772
2007-07-16$7.04$6.2532.6%9.3%32.8%41.9%0.0%5.4%-3.1%-77.4K2.4M-7.5K0.0019.0130404,5447,772
2007-07-17$7.12$6.2532.3%9.3%33.0%41.2%0.0%8.4%-3.4%-29.7K2.5M-6.7K0.0019.69004,7047,364
2007-07-18$7.13$6.2534.6%9.9%33.0%47.2%35.0%6.8%-4.1%-16.6K2.5M-6.7K0.8822.195524884,7047,364
2007-07-19$7.26$6.2537.1%10.6%29.8%53.9%37.1%8.0%-6.0%-85.4K2.3M-8.2K0.0024.8354005,0607,676
2007-07-20$7.26$6.2537.0%10.6%23.3%53.6%38.3%9.7%-6.2%-61.0K2.2M-8.4K0.8328.9896805,5407,676
2007-07-23$7.24$6.2538.8%11.1%21.4%58.2%38.8%10.7%-6.3%30.5K-825.7K-8.1K0.5944.6468403,5042,460
2007-07-24$7.06$6.2540.0%11.5%23.2%61.5%40.1%4.4%-6.8%26.5K-632.6K-8.0K0.6822.523802603,5602,500
2007-07-25$7.67$6.2529.5%8.5%36.4%33.6%29.5%5.0%-0.5%40.2K-1.4M-8.9K0.4064.475722283,7402,760
2007-07-26$7.34$6.2535.3%10.1%38.2%49.1%33.9%1.3%-2.3%32.8K-956.2K-9.6K0.1337.22736923,9642,892
2007-07-27$7.10$6.2539.7%11.4%40.1%60.7%39.7%4.4%-5.0%31.0K-785.0K-10.6K1.6029.532003204,4562,932
2007-07-30$7.07$7.5041.6%11.9%40.0%65.7%41.6%1.4%-5.3%24.4K-608.8K-10.8K3.9228.683921,5364,6363,224
2007-07-31$6.97$7.5040.3%11.6%40.3%62.3%40.2%3.5%-4.5%-5.8K149.3K-11.1K1.2223.871842244,4324,324