MANH Options History — December 2008

In December 2008, MANH traded between $3.46 and $3.95. ATM implied volatility averaged 59.4%, placing in the 66.3% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded below realized volatility by 5.3% (HV 20d: 64.8%). Max pain ranged from $3.75 to $5.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-12-29: Highest Volume — 1,000 contracts
  • 2008-12-24: Largest IV drop — 22.4% change
  • 2008-12-01: Highest IV Rank — 100.0%
  • 2008-12-01: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.68$3.46$3.95$3.46$3.95
Max Pain$4.77$3.75$5.00$3.75$5.00
ATM IV59.4%38.8%77.3%77.3%49.4%
Expected Move16.9%11.1%22.2%22.2%14.2%
HV 20d64.8%45.6%72.8%71.2%45.6%
HV 60d67.8%66.3%68.6%66.3%67.8%
IV Rank66.3%27.1%100.0%100.0%47.2%
IV Percentile86.3%54.4%100.0%100.0%76.6%
Term Structure1.4%-21.6%17.1%-21.6%4.4%
VWIV57.9%49.1%66.7%66.7%49.1%
Skew 25d12.9%-2.4%37.6%22.5%16.2%
Skew 10d18.3%0.1%59.9%24.3%10.2%
Call IV 25d48.9%31.7%65.4%59.0%33.2%
Put IV 25d61.9%35.0%81.8%81.5%49.3%
Bid-Ask Spread %87.1338.20126.8699.5838.20
Gamma HHI0.460.420.520.480.42
Net GEX1.2K-5.1K7.2K6.6K4.4K
Net DEX268.0K8.5K368.0K180.5K8.5K
Net VEX-2.7K-3.4K-1.9K-3.4K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume81.09101,0008080
Total OI10,208.7279,53210,49210,26010,492

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-12-01$3.46$3.7577.3%22.2%71.2%100.0%0.0%22.5%-21.6%6.6K180.5K-3.4K0.0099.588007,4762,784
2008-12-02$3.58$3.7574.2%21.3%72.7%94.1%0.0%20.2%-10.7%3.7K286.5K-3.3K0.0061.05007,5562,784
2008-12-03$3.60$3.7572.9%20.9%72.8%91.7%0.0%19.2%-7.7%4.0K276.8K-3.3K0.00100.38047,5562,784
2008-12-04$3.52$3.7573.2%21.0%71.6%92.3%0.0%10.2%-7.9%3.8K279.1K-3.3K0.0094.32007,5562,788
2008-12-05$3.69$5.0068.0%17.6%72.6%82.4%0.0%14.8%-0.9%3.2K279.3K-3.2K0.0090.61007,5562,788
2008-12-08$3.74$5.0072.6%18.5%72.2%91.1%66.7%18.0%-2.7%3.9K259.6K-3.1K0.0061.4401607,5562,788
2008-12-09$3.64$5.0058.9%18.9%72.7%65.1%0.0%13.3%-2.0%7.2K152.0K-3.4K0.0095.04007,5562,868
2008-12-10$3.65$5.0066.4%17.9%72.6%79.4%0.0%9.9%0.2%3.5K268.0K-3.2K0.00101.20007,5562,868
2008-12-11$3.50$5.0054.0%15.5%71.9%56.0%0.0%11.9%10.6%-1.7K368.0K-2.6K0.00101.48007,5562,868
2008-12-12$3.67$5.0061.3%17.6%70.1%69.7%0.0%15.4%4.1%-130336.8K-2.7K0.0097.65007,5562,868
2008-12-15$3.54$5.0065.2%18.7%65.3%77.2%0.0%2.6%-0.7%1.4K318.2K-2.8K0.0045.990407,5562,868
2008-12-16$3.65$5.0059.6%17.1%66.3%66.6%0.0%19.7%1.1%-2.1K364.7K-2.6K0.0042.27007,5562,908
2008-12-17$3.66$5.0061.4%17.6%65.3%69.9%0.0%5.4%-1.2%-1.9K350.1K-2.6K0.00109.24007,5562,908
2008-12-18$3.70$5.0063.0%18.1%60.5%73.0%0.0%11.4%0.1%-2.6K332.6K-2.7K0.0095.31007,5562,908
2008-12-19$3.87$5.0050.8%14.6%62.3%49.9%49.1%-2.4%6.3%-21198.2K-2.6K0.0098.3704207,5562,908
2008-12-22$3.77$5.0049.9%14.3%58.9%48.2%0.0%4.1%11.5%-275295.1K-2.1K0.0054.58007,2602,272
2008-12-23$3.73$5.0049.9%14.3%58.0%48.3%0.0%4.0%2.9%-262289.0K-2.1K0.0063.76007,2602,272
2008-12-24$3.67$5.0038.8%11.1%58.1%27.1%0.0%1.5%10.4%-3.7K315.6K-1.9K0.00121.52007,2602,272
2008-12-26$3.75$5.0044.7%12.8%58.6%38.3%0.0%37.6%10.0%-5.1K336.7K-1.9K0.00126.86007,2602,272
2008-12-29$3.70$5.0049.1%14.1%58.7%46.6%0.0%6.9%8.2%-4.4K334.9K-1.9K0.00108.861,00007,2602,272
2008-12-30$3.86$5.0047.4%13.6%46.6%43.4%0.0%22.4%17.1%6.2K65.8K-2.8K0.00109.25008,2202,272
2008-12-31$3.95$5.0049.4%14.2%45.6%47.2%0.0%16.2%4.4%4.4K8.5K-2.7K0.0038.208008,2202,272