MANH Options History — July 2008

In July 2008, MANH traded between $5.70 and $6.26. ATM implied volatility averaged 40.3%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 4.5% (HV 20d: 35.8%). Max pain ranged from $6.25 to $6.25. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.00.

Notable Days

  • 2008-07-22: Highest Volume — 3,112 contracts
  • 2008-07-07: Largest IV spike — 46.9% change
  • 2008-07-22: Highest IV Rank — 83.5%
  • 2008-07-22: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.01$5.70$6.26$6.08$6.13
Max Pain$6.25$6.25$6.25$6.25$6.25
ATM IV40.3%28.5%60.9%35.1%37.2%
Expected Move11.8%8.2%17.5%10.1%10.7%
HV 20d35.8%27.7%41.9%29.9%37.6%
HV 60d36.9%31.4%42.3%41.2%31.5%
IV Rank39.7%22.5%83.5%35.6%29.3%
IV Percentile60.9%4.0%99.6%35.7%49.6%
Term Structure-1.7%-16.2%20.8%4.6%-0.6%
VWIV40.3%22.0%60.0%22.0%37.2%
Skew 25d7.5%-3.7%16.7%9.1%6.5%
Skew 10d10.8%-4.0%25.4%10.1%7.6%
Call IV 25d36.0%30.8%48.7%33.9%34.5%
Put IV 25d43.6%34.2%58.8%43.0%41.1%
Bid-Ask Spread %39.4417.6378.1761.4525.92
Gamma HHI0.470.190.910.530.40
Net GEX-10.4K-117.0K11.4K-11.0K11.4K
Net DEX-118.1K-674.4K352.3K-10.8K-674.4K
Net VEX-3.8K-5.0K-3.0K-3.8K-4.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.006.500.000.00
Total Volume295.45503,112444
Total OI4,645.8182,3405,6564,3965,656

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-07-01$6.08$6.2535.1%10.1%29.9%35.6%0.0%9.1%4.6%-11.0K-10.8K-3.8K0.0061.454402,4681,928
2008-07-02$5.97$6.2537.5%10.8%30.3%40.3%0.0%1.4%3.4%-9.3K106.8K-3.7K1.5038.8516242,4721,928
2008-07-03$5.91$6.2528.5%8.2%28.9%22.6%22.0%-3.7%20.8%-9.0K119.2K-3.6K0.0067.484002,4881,904
2008-07-07$5.90$6.2541.8%12.8%27.9%48.7%0.0%9.8%-5.2%-8.2K162.6K-3.4K0.0027.83002,4881,904
2008-07-08$5.94$6.2540.4%13.0%27.7%45.9%0.0%12.0%-5.4%-9.4K185.4K-3.3K0.0020.90042,4881,904
2008-07-09$5.70$6.2537.3%12.6%30.4%39.9%45.2%5.4%-5.5%-1.4K352.3K-3.0K0.5024.66120602,4881,904
2008-07-10$5.96$6.2543.6%12.5%35.0%52.2%43.8%10.0%-6.0%-9.5K179.0K-3.5K0.8360.7324202,6001,964
2008-07-11$6.06$6.2543.1%12.3%35.7%42.7%0.0%12.3%-3.7%-16.2K65.8K-3.6K0.0031.600402,6201,964
2008-07-14$5.97$6.2545.7%13.1%35.2%48.6%0.0%9.7%-4.8%-12.5K136.8K-3.5K0.0044.3420002,6002,004
2008-07-15$5.91$6.2547.7%13.7%34.1%53.2%0.0%8.3%-6.2%-3.1K306.4K-3.2K0.0042.47002,5962,004
2008-07-16$6.21$6.2543.1%12.4%38.4%42.7%0.0%15.4%-3.6%-34.5K-97.1K-3.5K0.1030.79408402,5962,004
2008-07-17$6.26$6.2542.3%12.1%38.6%41.0%42.4%16.7%-3.7%-54.3K-213.4K-3.5K0.0017.630122,5962,044
2008-07-18$6.25$6.2543.1%12.4%38.0%42.8%0.0%14.3%-3.5%-117.0K-172.5K-3.4K6.5020.97402602,5962,044
2008-07-21$6.05$6.2544.8%12.8%39.3%46.6%44.7%4.8%-3.9%5.3K-249.8K-3.0K3.3359.6224801,576764
2008-07-22$5.84$6.2560.9%17.5%40.7%83.5%60.0%10.1%-16.2%5.1K-192.4K-3.0K0.9151.641,6281,4841,600804
2008-07-23$5.84$6.2537.8%10.8%40.7%30.7%37.8%-0.2%-1.9%7.1K-191.7K-4.4K1.0443.706286563,0962,012
2008-07-24$6.01$6.2534.3%9.8%41.9%22.5%0.0%5.1%1.4%6.8K-395.3K-4.9K0.0041.84003,2282,416
2008-07-25$6.04$6.2535.3%10.1%41.0%24.8%0.0%2.7%0.5%7.5K-461.9K-5.0K0.0078.17403,2282,416
2008-07-28$5.96$6.2536.6%10.5%39.1%28.0%37.4%0.4%0.8%6.5K-372.5K-4.8K0.0029.0824003,2322,416
2008-07-29$6.09$6.2534.5%9.9%39.0%23.1%34.7%7.3%1.5%7.8K-536.0K-4.7K1.2021.0640483,1882,376
2008-07-30$6.16$6.2536.8%10.6%38.2%28.3%37.6%8.5%-0.7%10.2K-644.3K-4.7K0.0026.9331203,2282,376
2008-07-31$6.13$6.2537.2%10.7%37.6%29.3%37.2%6.5%-0.6%11.4K-674.4K-4.6K0.0025.92403,2802,376