MANH Options History — January 2008

In January 2008, MANH traded between $5.63 and $6.44. ATM implied volatility averaged 40.6%, placing in the 63.0% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 11.2% (HV 20d: 29.4%). Max pain ranged from $5.63 to $7.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 2.04.

Notable Days

  • 2008-01-04: Highest Volume — 8,164 contracts
  • 2008-01-04: Largest IV drop — 23.3% change
  • 2008-01-31: Highest IV Rank — 99.9%
  • 2008-01-31: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.05$5.63$6.44$6.44$6.20
Max Pain$6.19$5.63$7.50$7.50$6.25
ATM IV40.6%29.0%54.5%41.3%54.5%
Expected Move12.0%10.4%15.6%11.8%15.6%
HV 20d29.4%23.5%35.9%28.3%35.0%
HV 60d32.6%31.0%34.3%33.4%31.8%
IV Rank63.0%32.3%99.9%64.8%99.9%
IV Percentile72.6%31.0%99.6%74.5%99.6%
Term Structure-2.4%-15.6%4.5%4.5%-15.6%
VWIV43.1%36.3%54.6%41.3%54.6%
Skew 25d10.8%4.6%20.5%9.7%20.5%
Skew 10d18.0%1.7%35.7%15.5%35.7%
Call IV 25d35.7%26.8%42.5%33.3%41.8%
Put IV 25d46.5%40.1%62.3%43.0%62.3%
Bid-Ask Spread %44.7518.9471.0258.4929.63
Gamma HHI0.790.280.910.340.85
Net GEX155.1K-9.9K225.9K317181.8K
Net DEX-1.7M-3.2M208.5K63.5K-3.2M
Net VEX-12.8K-16.7K-6.1K-6.1K-14.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.040.0010.003.583.16
Total Volume951.04808,164732632
Total OI16,782.0956,70021,9366,70017,600

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-01-02$6.44$7.5041.3%11.8%28.3%64.8%41.3%9.7%4.5%31763.5K-6.1K3.5858.491605724,0202,680
2008-01-03$6.29$6.2537.8%10.8%29.2%55.6%0.0%9.1%2.6%-9.9K208.5K-6.2K0.1334.781,4121804,1803,044
2008-01-04$6.21$6.2529.0%10.4%29.4%32.3%36.3%4.6%0.8%9.9K-132.3K-7.1K0.0355.927,9642005,5443,144
2008-01-07$6.17$5.6331.2%10.5%29.0%38.2%0.0%15.1%0.2%195.3K-2.3M-12.6K0.0028.200013,1003,344
2008-01-08$6.08$5.6329.6%10.5%28.9%34.0%0.0%10.4%0.8%191.5K-1.8M-12.1K0.0032.210013,0603,344
2008-01-09$6.24$5.6331.0%10.9%30.8%37.7%37.9%13.3%0.1%201.3K-2.5M-12.4K0.3127.2139612413,0603,344
2008-01-10$6.21$5.6337.1%10.6%24.4%53.7%37.6%13.7%0.6%214.3K-2.4M-12.4K5.2330.1412062813,1003,464
2008-01-11$5.99$6.2539.8%11.4%27.2%60.8%41.3%9.9%-2.4%171.4K-1.3M-11.8K0.1864.094,76088013,1803,932
2008-01-14$6.04$6.2539.9%11.4%27.5%61.1%0.0%14.4%-2.0%225.9K-2.3M-16.7K0.0018.9440017,2924,644
2008-01-15$5.97$6.2539.2%11.2%27.3%59.4%0.0%11.7%-1.2%194.9K-1.8M-16.0K0.0049.4001217,2924,644
2008-01-16$5.93$6.2545.6%13.1%26.7%76.1%0.0%10.9%-3.2%174.2K-1.6M-15.5K0.0043.5505617,2924,644
2008-01-17$5.85$6.2544.9%12.9%24.9%74.5%0.0%8.5%-2.9%152.7K-1.1M-14.7K0.0025.260017,2924,644
2008-01-18$5.79$6.2544.9%12.9%23.7%74.4%44.6%8.4%-5.3%144.3K-999.6K-14.3K0.0060.56019617,2924,440
2008-01-22$5.67$6.2546.8%13.4%23.8%79.5%0.0%6.9%-3.9%127.2K-995.3K-12.8K0.0062.738013,5243,220
2008-01-23$5.63$6.2542.3%12.1%23.5%67.6%42.5%8.7%-1.0%118.0K-439.8K-11.2K10.0062.682020013,5323,220
2008-01-24$6.04$6.2542.7%12.2%35.9%68.7%42.7%8.2%-3.5%183.1K-2.5M-14.7K0.9571.0244442413,5523,160
2008-01-25$6.05$6.2542.7%12.3%35.6%68.7%42.7%10.4%-4.6%185.8K-2.4M-14.8K0.0028.5612013,6763,584
2008-01-28$6.09$6.2543.8%12.6%35.6%71.4%51.6%12.3%-4.7%192.5K-2.6M-14.5K4.9365.166029613,6843,584
2008-01-29$6.13$6.2543.7%12.5%35.6%71.2%0.0%11.9%-4.6%202.4K-2.8M-14.4K0.0033.140013,7363,800
2008-01-30$6.09$6.2544.6%12.8%35.0%73.6%44.3%8.8%-5.5%200.3K-2.7M-14.2K0.1058.011601613,7363,800
2008-01-31$6.20$6.2554.5%15.6%35.0%99.9%54.6%20.5%-15.6%181.8K-3.2M-14.3K3.1629.6315248013,7843,816