MANH Options History — January 2009

In January 2009, MANH traded between $3.73 and $4.10. ATM implied volatility averaged 52.3%, placing in the 52.7% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 13.4% (HV 20d: 38.9%). Max pain ranged from $3.75 to $5.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-01-21: Highest Volume — 140 contracts
  • 2009-01-08: Largest IV spike — 26.9% change
  • 2009-01-08: Highest IV Rank — 79.0%
  • 2009-01-09: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.92$3.73$4.10$4.00$3.83
Max Pain$3.97$3.75$5.00$5.00$3.75
ATM IV52.3%41.6%66.2%41.6%53.8%
Expected Move14.8%11.9%17.5%11.9%15.4%
HV 20d38.9%35.1%45.7%45.7%36.2%
HV 60d61.1%53.5%67.3%67.3%53.6%
IV Rank52.7%32.5%79.0%32.5%55.6%
IV Percentile76.9%61.1%94.4%61.1%77.8%
Term Structure2.0%-12.8%16.1%16.1%-2.3%
VWIV51.8%45.0%59.7%50.8%45.0%
Skew 25d5.4%-11.3%20.3%20.3%-4.5%
Skew 10d10.9%-14.1%29.8%14.0%-2.6%
Call IV 25d45.6%29.2%54.3%29.2%50.4%
Put IV 25d50.9%40.3%59.4%49.5%45.9%
Bid-Ask Spread %79.1132.06123.71104.7783.24
Gamma HHI0.380.260.580.410.28
Net GEX1.4K-4.0K12.5K4.3K656
Net DEX-57.9K-170.0K74.9K2.1K-126.8K
Net VEX-2.4K-2.8K-2.1K-2.7K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume22014000
Total OI7,464.23,48810,65610,5723,668

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-01-02$4.00$5.0041.6%11.9%45.7%32.5%0.0%20.3%16.1%4.3K2.1K-2.7K0.00104.77008,3002,272
2009-01-05$3.97$4.3847.0%15.5%44.7%42.7%50.8%6.5%1.8%92919.2K-2.6K0.0067.807608,3002,272
2009-01-06$4.00$4.3847.8%14.0%41.8%44.1%0.0%7.4%5.2%-3799.7K-2.5K0.0089.40008,3362,272
2009-01-07$4.04$4.3852.1%13.5%41.7%52.4%0.0%19.1%2.5%6.1K-53.6K-2.7K0.00123.71008,3362,272
2009-01-08$4.10$4.3866.2%12.4%40.3%79.0%0.0%13.8%10.6%12.5K-112.7K-2.7K0.00111.53008,3362,272
2009-01-09$4.01$4.3861.3%17.5%41.5%69.8%59.7%-1.7%-12.8%12.5K-113.2K-2.8K0.0073.158008,3362,272
2009-01-12$3.98$3.7563.5%17.4%38.1%74.0%0.0%6.6%-7.3%-1.5K-30.5K-2.4K0.0068.49408,3802,272
2009-01-13$3.96$3.7555.9%15.8%35.1%59.6%0.0%12.2%0.4%-1.9K-12.0K-2.4K0.0072.33008,3842,272
2009-01-14$3.78$3.7544.5%16.0%37.0%37.9%0.0%1.8%0.9%-4.0K74.9K-2.3K0.0086.80008,3842,272
2009-01-15$3.87$3.7555.0%15.8%36.1%57.8%0.0%8.4%-0.2%-3.8K50.3K-2.3K0.0070.38008,3842,272
2009-01-16$3.88$3.7554.1%15.5%36.1%56.1%0.0%3.5%-0.3%-3.3K40.6K-2.3K0.0059.29008,3842,272
2009-01-20$3.73$3.7545.0%12.9%38.9%38.9%45.0%8.6%15.4%308-79.3K-2.2K0.0099.094002,0681,440
2009-01-21$3.88$3.7549.0%14.1%38.0%46.5%0.0%4.9%4.4%99-78.9K-2.2K0.0078.9814002,0481,440
2009-01-22$3.83$3.7553.7%15.4%37.1%55.4%0.0%-11.3%0.2%856-103.0K-2.2K0.0072.44002,1881,440
2009-01-23$3.76$3.7552.3%15.0%37.4%52.7%0.0%-3.6%3.0%820-74.6K-2.2K0.0087.05002,1881,440
2009-01-26$3.90$3.7548.0%13.8%39.0%44.6%0.0%-0.3%4.6%1.0K-99.8K-2.2K0.0067.472002,1881,440
2009-01-27$3.98$3.7551.1%14.6%39.0%50.4%0.0%4.4%-1.8%1.3K-155.3K-2.2K0.0062.284002,1881,440
2009-01-28$4.00$3.7552.0%14.9%38.5%52.3%0.0%7.2%0.9%1.2K-170.0K-2.2K0.0032.06002,1881,440
2009-01-29$3.92$3.7552.3%15.0%36.4%52.7%0.0%4.2%-1.4%986-145.9K-2.1K0.0071.850402,1881,440
2009-01-30$3.83$3.7553.8%15.4%36.2%55.6%0.0%-4.5%-2.3%656-126.8K-2.1K0.0083.24002,1881,480