MANH Options History — October 2008

In October 2008, MANH traded between $3.66 and $5.45. ATM implied volatility averaged 55.9%, placing in the 72.1% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded below realized volatility by 1.4% (HV 20d: 57.4%). Max pain ranged from $4.38 to $5.63. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 5.08.

Notable Days

  • 2008-10-01: Highest Volume — 6,500 contracts
  • 2008-10-16: Largest IV spike — 35.2% change
  • 2008-10-21: Highest IV Rank — 98.3%
  • 2008-10-21: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.41$3.66$5.45$5.45$4.20
Max Pain$4.95$4.38$5.63$5.63$4.38
ATM IV55.9%43.2%67.4%43.2%49.8%
Expected Move15.9%12.4%19.3%12.4%14.3%
HV 20d57.4%37.7%82.4%38.0%81.1%
HV 60d41.7%33.3%54.2%34.2%54.2%
IV Rank72.1%43.0%98.3%43.0%58.2%
IV Percentile95.8%80.6%99.6%80.6%90.5%
Term Structure-5.4%-14.2%2.3%-2.7%2.3%
VWIV52.5%36.2%69.8%43.4%36.2%
Skew 25d4.4%-14.1%19.4%10.7%19.4%
Skew 10d11.9%-16.5%24.7%24.7%19.8%
Call IV 25d51.7%37.1%67.7%37.1%41.8%
Put IV 25d56.1%40.7%74.0%47.8%61.2%
Bid-Ask Spread %58.7128.2086.8928.2037.99
Gamma HHI0.620.210.810.210.65
Net GEX28.3K4.4K48.6K4.4K35.1K
Net DEX-246.9K-1.8M248.5K-32.3K-371.2K
Net VEX-5.7K-8.0K-2.2K-2.2K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.080.0026.750.061.00
Total Volume631.30406,5006,5000
Total OI10,214.7833,30011,7163,30010,652

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-10-01$5.45$5.6343.2%12.4%38.0%43.0%43.4%10.7%-2.7%4.4K-32.3K-2.2K0.0628.206,1483522,1561,144
2008-10-02$5.36$5.6344.3%12.7%37.7%45.5%43.9%7.3%-1.2%48.6K-1.8M-8.0K0.0029.2901,0367,5761,432
2008-10-03$4.98$5.6347.4%13.6%44.9%52.6%37.3%-9.9%0.4%33.9K-831.9K-7.9K12.3073.06404927,5762,460
2008-10-06$5.01$5.0053.4%13.4%44.2%66.4%0.0%7.0%-5.1%29.0K-617.1K-7.9K0.6355.92120767,6162,868
2008-10-07$4.78$5.0055.4%14.2%46.2%70.9%51.2%0.3%-8.0%35.8K-401.3K-7.5K15.0071.2881207,6722,720
2008-10-08$4.57$5.0052.5%15.1%47.6%64.2%37.9%-0.1%-6.3%35.6K-71.0K-6.9K11.0972.28444887,6802,840
2008-10-09$4.43$5.6361.5%15.8%47.7%84.8%0.0%1.8%-6.4%33.5K-54.2K-6.6K6.5064.86402607,6842,644
2008-10-10$4.38$5.6356.8%15.9%47.6%74.0%0.0%2.8%-8.1%29.8K88.3K-6.1K0.0086.2002247,7242,792
2008-10-13$4.51$5.6346.1%14.3%50.0%49.6%0.0%-11.2%-5.3%33.8K-42.5K-6.3K0.0079.3910007,7242,712
2008-10-14$4.45$5.6353.6%15.8%50.0%66.7%0.0%-0.3%-11.7%32.0K15.6K-6.0K0.0059.254007,7242,660
2008-10-15$4.22$5.6348.2%16.0%47.9%54.4%0.0%1.4%-8.4%25.6K196.7K-5.2K0.0067.714007,7642,644
2008-10-16$4.49$5.6365.2%18.7%53.7%93.2%68.0%14.9%-9.7%28.7K-150.1K-6.2K2.5744.074001,0287,7642,524
2008-10-17$4.43$4.3866.9%19.2%49.9%97.2%68.1%6.3%-14.2%17.8K-72.2K-6.8K0.0651.691,296808,1643,552
2008-10-20$4.51$4.3863.7%18.3%50.8%89.9%59.3%-0.0%-6.5%44.8K-887.3K-7.2K2.9344.81601768,5002,008
2008-10-21$4.52$4.3867.4%19.3%50.8%98.3%69.8%9.6%-13.2%45.9K-953.6K-7.3K2.3252.712726328,5602,024
2008-10-22$3.87$4.3857.6%16.5%72.2%76.0%57.1%0.6%-4.4%18.4K131.1K-4.2K26.7559.15164288,6722,308
2008-10-23$3.78$4.3857.2%16.4%71.4%74.9%57.4%2.3%-1.5%15.4K165.6K-3.8K0.0086.8903088,6882,248
2008-10-24$3.71$4.3856.4%16.2%70.6%73.1%36.2%19.3%-1.3%13.6K248.5K-3.2K0.0040.700768,6882,128
2008-10-27$3.66$4.3855.8%16.0%70.6%71.7%0.0%-14.1%0.5%11.9K218.0K-3.2K0.0061.944008,6881,964
2008-10-28$4.06$4.3861.3%17.6%81.9%84.3%0.0%16.2%-5.0%26.0K-48.8K-4.1K1.0079.3340408,7281,964
2008-10-29$4.00$4.3861.5%17.6%81.8%84.9%0.0%8.0%-6.2%23.8K-102.2K-4.2K0.0042.67008,7681,884
2008-10-30$4.05$4.3861.5%17.6%82.4%84.8%0.0%9.3%-2.6%26.9K-288.3K-5.0K0.0061.05008,7681,884
2008-10-31$4.20$4.3849.8%14.3%81.1%58.2%0.0%19.4%2.3%35.1K-371.2K-5.0K0.0037.99008,7681,884