MANH Options History — April 2008

In April 2008, MANH traded between $5.34 and $6.54. ATM implied volatility averaged 39.5%, placing in the 44.2% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 0.9% (HV 20d: 38.6%). Max pain ranged from $5.63 to $6.25. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.48.

Notable Days

  • 2008-04-23: Highest Volume — 660 contracts
  • 2008-04-23: Largest IV drop — 21.0% change
  • 2008-04-21: Highest IV Rank — 56.9%
  • 2008-04-21: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.75$5.34$6.54$5.77$6.50
Max Pain$6.04$5.63$6.25$6.25$5.63
ATM IV39.5%34.6%46.0%35.5%36.8%
Expected Move11.6%9.9%13.2%10.2%10.6%
HV 20d38.6%28.2%58.9%29.9%58.4%
HV 60d37.8%33.3%44.7%35.1%44.7%
IV Rank44.2%34.5%56.9%36.5%38.9%
IV Percentile66.9%38.5%94.0%50.8%53.2%
Term Structure-0.8%-4.7%7.5%6.6%-0.5%
VWIV38.0%28.7%46.6%35.6%36.8%
Skew 25d4.5%-7.4%9.0%-2.1%5.0%
Skew 10d7.7%-13.0%18.8%-7.4%4.0%
Call IV 25d38.0%25.9%46.5%35.2%31.0%
Put IV 25d42.5%31.4%51.1%33.0%36.1%
Bid-Ask Spread %50.6127.9182.4949.7562.70
Gamma HHI0.420.180.710.600.32
Net GEX7.5K-24.7K47.9K47.9K20.5K
Net DEX49.1K-769.9K544.0K125.6K-769.9K
Net VEX-3.2K-4.2K-2.2K-4.2K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.002.500.000.40
Total Volume160.727066040308
Total OI6,605.8181,9809,1928,6963,504

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-04-01$5.77$6.2535.5%10.2%29.9%36.5%35.6%-2.1%6.6%47.9K125.6K-4.2K0.0049.750406,1602,536
2008-04-02$5.67$6.2537.0%10.6%30.6%39.4%39.9%-7.4%4.2%28.4K293.6K-4.0K0.0027.914006,1602,572
2008-04-03$5.76$6.2534.9%10.0%30.9%35.2%33.8%8.6%7.5%41.7K174.6K-4.1K0.0055.258006,2002,572
2008-04-04$5.72$0.0038.7%12.0%30.9%42.5%0.0%8.3%-1.1%35.6K204.1K-3.8K0.0057.94006,2802,572
2008-04-07$5.62$0.0035.9%11.8%31.6%37.1%0.0%1.2%-0.4%11.0K408.6K-3.2K0.0035.8834006,2802,572
2008-04-08$5.63$0.0036.0%11.9%31.0%37.4%0.0%5.0%-1.0%9.2K342.8K-3.6K0.0036.76006,6202,572
2008-04-09$5.43$0.0038.4%12.1%32.5%42.1%38.7%2.0%-1.2%-6.5K544.0K-3.2K0.0062.080806,6202,572
2008-04-10$5.58$6.2541.2%11.8%33.7%47.5%0.0%5.7%-1.5%-5.9K285.8K-3.2K0.0039.5702486,6202,272
2008-04-11$5.34$6.2543.2%12.4%35.3%51.4%28.7%0.8%-2.8%-10.6K492.1K-3.0K2.5041.038206,6202,312
2008-04-14$5.35$6.2544.9%12.9%33.4%54.7%45.3%5.7%-4.7%-13.1K504.2K-2.2K0.0046.4301126,6202,064
2008-04-15$5.39$6.2544.8%12.8%33.5%54.4%0.0%3.9%-3.5%-15.5K424.0K-2.2K0.0055.370406,6201,972
2008-04-16$5.47$6.2544.6%12.8%30.8%54.1%29.3%8.9%-4.0%-24.7K344.8K-2.4K2.4056.6740966,6202,012
2008-04-17$5.41$6.2543.7%12.5%30.9%52.3%0.0%4.9%-3.3%-11.1K457.9K-2.3K0.0039.82006,6202,092
2008-04-18$5.45$6.2543.9%12.6%29.4%52.8%41.1%2.9%-3.4%-21.3K407.9K-2.4K0.1748.812446,6202,092
2008-04-21$5.42$6.2546.0%13.2%28.4%56.9%46.3%3.6%-2.3%2.6K-57.4K-2.3K0.0032.1310801,404576
2008-04-22$5.37$6.2544.7%12.8%28.2%54.3%46.6%4.7%-3.7%2.5K-38.3K-2.3K0.0453.54548241,404576
2008-04-23$6.13$5.6335.3%10.1%56.5%36.0%35.9%5.1%-0.6%16.6K-456.6K-3.3K0.4362.244602002,060600
2008-04-24$6.42$5.6335.9%10.3%58.7%37.2%35.9%9.0%0.2%14.7K-656.9K-3.6K0.0082.496002,192740
2008-04-25$6.33$5.6334.6%9.9%58.8%34.5%0.0%6.9%-0.0%14.2K-609.5K-3.5K0.0052.302402,172740
2008-04-28$6.31$5.6335.0%10.0%57.8%35.3%0.0%8.4%0.9%14.6K-617.1K-3.5K0.7735.0452402,172740
2008-04-29$6.54$5.6337.9%10.9%58.9%41.1%0.0%7.0%-2.6%14.2K-724.7K-3.6K0.0079.6354002,224780
2008-04-30$6.50$5.6336.8%10.6%58.4%38.9%36.8%5.0%-0.5%20.5K-769.9K-3.8K0.4062.70220882,724780