MANH Options History — October 2007

In October 2007, MANH traded between $7.00 and $7.54. ATM implied volatility averaged 37.9%, placing in the 56.0% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 1.0% (HV 20d: 37.0%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.12.

Notable Days

  • 2007-10-22: Highest Volume — 600 contracts
  • 2007-10-11: Largest IV spike — 30.6% change
  • 2007-10-19: Highest IV Rank — 79.9%
  • 2007-10-19: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.27$7.00$7.54$7.09$7.54
Max Pain$7.17$6.25$7.50$7.50$7.50
ATM IV37.9%30.8%47.0%33.5%34.7%
Expected Move11.3%9.3%13.5%9.6%9.9%
HV 20d37.0%34.0%41.8%35.2%35.3%
HV 60d38.7%36.5%41.7%38.8%37.2%
IV Rank56.0%37.2%79.9%44.2%47.4%
IV Percentile70.8%44.5%95.5%54.5%59.8%
Term Structure-1.4%-7.7%6.1%5.4%1.4%
VWIV40.5%33.5%46.8%33.5%36.7%
Skew 25d5.1%-7.7%16.8%-7.7%10.1%
Skew 10d9.4%-7.5%26.9%-7.5%16.4%
Call IV 25d35.1%30.4%41.3%33.4%31.0%
Put IV 25d40.2%25.7%50.9%25.7%41.1%
Bid-Ask Spread %32.4710.3376.3516.3174.91
Gamma HHI0.390.310.610.330.61
Net GEX21.1K5.7K52.6K5.7K52.6K
Net DEX-755.6K-1.2M-362.7K-454.8K-1.2M
Net VEX-8.1K-8.6K-7.7K-8.4K-8.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.000.790.000.00
Total Volume138.261060020144
Total OI7,278.6095,1648,4207,9125,968

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-10-01$7.09$7.5033.5%9.6%35.2%44.2%33.5%-7.7%5.4%5.7K-454.8K-8.4K0.0016.312004,1043,808
2007-10-02$7.28$7.5032.5%9.3%36.4%41.5%0.0%-1.2%5.4%11.5K-769.9K-8.5K0.0012.132004,0843,808
2007-10-03$7.17$7.5033.2%9.5%36.7%43.5%0.0%-4.5%5.3%7.9K-592.2K-8.4K0.0016.614004,1043,808
2007-10-04$7.21$7.5032.6%9.4%36.7%42.0%0.0%-3.8%6.1%8.9K-618.4K-8.3K0.0015.59004,0643,808
2007-10-05$7.46$6.2530.8%11.1%38.0%37.2%0.0%5.8%-2.8%15.8K-1.0M-8.3K0.0025.076404,0643,808
2007-10-08$7.33$6.2532.9%11.4%38.6%42.6%0.0%4.8%-2.5%13.3K-830.9K-8.1K0.0024.464004,0403,808
2007-10-09$7.38$6.2533.4%11.9%37.9%43.9%41.3%6.2%-4.2%12.2K-885.1K-8.1K0.0023.4912804,0003,808
2007-10-10$7.47$6.2533.4%11.8%36.3%43.9%0.0%5.8%-2.8%14.2K-1.0M-8.2K0.0027.0516004,0643,808
2007-10-11$7.28$6.2543.6%12.5%37.2%70.9%0.0%3.5%-4.0%14.2K-799.3K-8.3K0.3869.96128484,2243,808
2007-10-12$7.47$6.2542.3%12.1%37.3%67.6%42.3%5.6%-3.5%17.0K-1.1M-8.6K0.7526.691441084,3163,856
2007-10-15$7.11$7.5043.6%12.5%41.8%71.0%0.0%11.9%-4.3%12.0K-407.8K-7.8K0.0026.894804,4323,956
2007-10-16$7.00$7.5043.2%12.4%39.5%70.0%0.0%9.9%-4.6%10.6K-362.7K-7.7K0.0027.062004,4643,956
2007-10-17$7.13$7.5042.0%12.1%38.7%66.8%0.0%11.4%-3.8%12.5K-415.9K-7.8K0.0014.94004,4643,956
2007-10-18$7.17$7.5042.2%12.1%37.1%67.3%0.0%12.3%-3.3%12.6K-419.1K-7.8K0.0040.24004,4643,956
2007-10-19$7.09$7.5047.0%13.5%37.1%79.9%46.7%11.6%-7.7%11.5K-464.0K-7.7K0.1576.35436644,4643,824
2007-10-22$7.25$7.5045.0%12.9%34.7%74.6%45.1%12.7%-5.6%19.0K-691.2K-7.8K0.1516.99520803,2441,920
2007-10-23$7.43$7.5046.8%13.4%35.6%79.5%46.8%16.8%-6.8%32.2K-1.0M-8.4K0.1565.50396603,7601,968
2007-10-24$7.25$7.5036.8%10.5%36.9%52.9%36.8%8.0%-1.0%37.0K-855.0K-8.3K0.7924.8196763,9122,008
2007-10-25$7.17$7.5035.8%10.3%37.0%50.3%0.0%6.7%-0.9%37.6K-753.7K-8.0K0.0025.577603,9521,964
2007-10-26$7.32$7.5034.9%10.0%37.1%47.9%0.0%-2.6%0.6%40.9K-889.8K-8.1K0.0010.330403,8761,964
2007-10-29$7.31$7.5035.5%10.2%35.2%49.6%35.5%-2.4%1.8%42.6K-883.5K-8.0K0.0010.8112003,8761,964
2007-10-30$7.30$7.5036.9%10.6%34.0%53.1%36.7%-3.5%-0.4%44.4K-920.4K-7.9K0.0074.9510403,9561,948
2007-10-31$7.54$7.5034.7%9.9%35.3%47.4%0.0%10.1%1.4%52.6K-1.2M-8.1K0.0074.9114404,0201,948