MANH Options History — March 2009

In March 2009, MANH traded between $3.50 and $4.33. ATM implied volatility averaged 42.8%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 2.2% (HV 20d: 40.6%). Max pain ranged from $3.75 to $3.75. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.04.

Notable Days

  • 2009-03-13: Highest Volume — 1,040 contracts
  • 2009-03-24: Largest IV spike — 23.8% change
  • 2009-03-02: Highest IV Rank — 49.3%
  • 2009-03-02: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.88$3.50$4.33$3.58$4.33
Max Pain$3.75$3.75$3.75$3.75$3.75
ATM IV42.8%36.9%50.5%50.5%39.4%
Expected Move12.3%10.6%14.5%14.5%11.3%
HV 20d40.6%31.7%51.8%31.7%51.5%
HV 60d37.9%35.3%41.3%38.1%41.3%
IV Rank34.8%23.6%49.3%49.3%28.4%
IV Percentile52.4%34.5%71.4%71.4%42.1%
Term Structure3.6%-0.5%9.4%-0.5%8.9%
VWIV42.8%38.9%46.4%46.4%41.0%
Skew 25d4.0%-14.3%17.9%-6.5%17.3%
Skew 10d17.9%-8.2%62.0%0.2%27.7%
Call IV 25d39.7%30.5%47.6%46.4%32.1%
Put IV 25d43.7%33.3%51.8%39.9%49.4%
Bid-Ask Spread %47.5215.2087.0987.0915.20
Gamma HHI0.530.270.660.310.36
Net GEX15.8K3.0K25.2K3.1K16.4K
Net DEX-646.1K-1.4M-1.4K-60.3K-1.4M
Net VEX-2.1K-2.5K-1.5K-1.9K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.040.000.400.030.00
Total Volume145.81801,040092
Total OI6,043.0914,6166,5604,6166,416

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-03-02$3.58$3.7550.5%14.5%31.7%49.3%0.0%-6.5%-0.5%3.1K-60.3K-1.9K0.0087.09002,9081,708
2009-03-03$3.51$3.7547.9%13.7%32.1%44.5%0.0%-12.5%0.7%3.0K-1.4K-1.8K0.0386.8127682,9081,708
2009-03-04$3.56$3.7546.0%13.2%32.7%40.8%0.0%-7.4%0.9%5.1K-70.3K-1.9K0.0081.5788803,1841,716
2009-03-05$3.50$3.7539.9%11.4%33.1%29.2%0.0%-14.3%0.4%11.9K-127.9K-2.2K0.0084.82004,0721,716
2009-03-06$3.53$3.7549.3%13.4%33.2%47.1%0.0%11.4%0.7%12.8K-145.2K-2.2K0.0059.42004,0721,716
2009-03-09$3.51$3.7540.4%13.3%32.0%30.1%46.4%13.4%1.9%12.4K-114.9K-2.1K0.0049.1325204,0721,716
2009-03-10$3.68$3.7543.9%12.8%37.1%36.8%44.9%17.9%2.1%15.7K-339.6K-2.4K0.4058.98100404,3081,716
2009-03-11$3.75$3.7545.2%12.6%36.4%39.2%0.0%17.7%2.6%16.3K-452.4K-2.5K0.0053.06004,3281,748
2009-03-12$3.90$3.7541.4%11.9%39.1%32.1%38.9%5.8%5.4%18.6K-677.2K-2.4K0.0045.644004,3281,748
2009-03-13$3.88$3.7542.9%12.3%39.0%34.9%43.0%-2.2%4.6%17.9K-667.5K-2.4K0.0042.7601,0404,3641,748
2009-03-16$3.86$3.7542.9%12.3%38.9%34.9%0.0%-4.5%4.2%12.6K-560.7K-2.5K0.0041.88804,3642,148
2009-03-17$4.05$3.7544.1%12.7%39.2%37.3%0.0%3.4%3.5%18.5K-868.4K-2.2K0.0051.85404,3722,148
2009-03-18$4.10$3.7540.4%11.6%39.3%30.2%41.0%7.2%2.9%18.5K-946.3K-2.1K0.0054.953604,3762,148
2009-03-19$3.99$3.7544.1%12.7%40.6%37.3%0.0%5.2%1.9%16.0K-825.3K-2.2K0.0058.64004,4122,148
2009-03-20$3.89$3.7544.6%12.8%41.5%38.2%0.0%10.3%2.7%14.1K-658.0K-2.3K0.0028.71004,4122,148
2009-03-23$4.20$3.7536.9%10.6%45.3%23.6%0.0%10.7%7.0%19.3K-1.1M-1.6K0.0024.6542404,2521,740
2009-03-24$3.99$3.7545.7%13.1%49.4%40.2%0.0%1.8%5.9%23.4K-870.8K-2.3K0.0030.89004,6761,740
2009-03-25$4.03$3.7539.7%11.4%49.2%28.9%0.0%0.8%9.4%25.2K-949.0K-2.1K0.0022.21004,6761,740
2009-03-26$4.21$3.7538.0%10.9%51.1%25.6%0.0%4.6%8.1%22.0K-1.2M-1.8K0.0021.30004,6761,740
2009-03-27$4.14$3.7539.6%11.4%51.8%28.8%0.0%5.0%3.6%21.4K-1.1M-1.9K0.0024.58004,6761,740
2009-03-30$4.11$3.7539.8%11.4%49.9%29.2%0.0%3.5%1.9%23.1K-1.1M-1.8K0.0021.30004,6761,740
2009-03-31$4.33$3.7539.4%11.3%51.5%28.4%0.0%17.3%8.9%16.4K-1.4M-1.5K0.0015.209204,6761,740