MANH Options History — May 2009

In May 2009, MANH traded between $4.04 and $4.59. ATM implied volatility averaged 35.4%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 1.3% (HV 20d: 34.0%). Max pain ranged from $3.75 to $3.75. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.02.

Notable Days

  • 2009-05-12: Highest Volume — 1,640 contracts
  • 2009-05-12: Largest IV spike — 55.5% change
  • 2009-05-13: Highest IV Rank — 65.6%
  • 2009-05-13: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.28$4.04$4.59$4.17$4.40
Max Pain$3.75$3.75$3.75$3.75$3.75
ATM IV35.4%26.3%59.1%35.2%34.1%
Expected Move9.9%9.2%11.2%10.1%9.8%
HV 20d34.0%26.3%39.2%39.2%37.1%
HV 60d49.3%48.5%50.3%49.4%50.1%
IV Rank19.1%3.6%65.6%20.4%15.3%
IV Percentile23.2%0.8%84.9%25.0%21.8%
Term Structure0.3%-1.5%2.0%1.3%-0.8%
VWIV26.1%24.8%27.4%27.4%24.8%
Skew 25d6.2%-7.0%17.9%-7.0%3.4%
Skew 10d11.5%-7.9%42.4%-7.9%5.0%
Call IV 25d29.2%22.1%35.3%35.3%29.4%
Put IV 25d35.4%26.9%41.6%28.4%32.8%
Bid-Ask Spread %69.7726.7390.1126.7378.91
Gamma HHI0.330.290.500.320.33
Net GEX2.4K-2.5K6.1K2.2K1.5K
Net DEX1.3K-119.5K80.4K44.3K-22.0K
Net VEX-1.9K-2.0K-1.8K-1.9K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.080.000.00
Total Volume11301,64072304
Total OI3,252.62,8844,0842,8843,332

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-05-01$4.17$3.7535.2%10.1%39.2%20.4%27.4%-7.0%1.3%2.2K44.3K-1.9K0.0026.737201,4641,420
2009-05-04$4.24$3.7538.5%10.6%38.1%26.6%0.0%12.8%-1.0%3.8K-553-1.9K0.0080.02001,5001,420
2009-05-05$4.26$3.7537.1%10.2%34.9%24.1%0.0%13.2%0.1%4.4K-9.7K-1.9K0.0069.97001,5001,420
2009-05-06$4.25$3.7535.3%10.3%33.2%20.7%0.0%10.6%0.8%4.6K-3.0K-1.9K0.0053.29001,5001,420
2009-05-07$4.21$3.7537.4%10.0%34.0%24.5%0.0%13.3%1.3%4.0K7.8K-1.9K0.0030.772801,5001,420
2009-05-08$4.16$3.7529.6%10.1%34.0%9.8%0.0%7.2%-1.1%2.4K52.5K-1.8K0.0054.150801,5201,420
2009-05-11$4.21$3.7526.3%10.1%33.4%3.6%0.0%8.9%0.1%4.7K17.7K-1.9K0.0070.58001,5201,500
2009-05-12$4.17$3.7540.9%10.1%33.7%31.2%24.8%6.8%0.0%2.7K43.6K-1.8K0.0875.571,5201201,5201,500
2009-05-13$4.04$3.7559.1%11.2%36.1%65.6%0.0%4.3%-1.5%-2.5K80.4K-1.9K0.0090.11002,4641,620
2009-05-14$4.20$3.7534.7%10.0%35.3%19.5%0.0%8.4%0.3%3.7K-647-2.0K0.0070.63002,2121,620
2009-05-15$4.21$3.7534.8%10.0%34.8%16.6%0.0%-3.3%-0.2%4.6K9.0K-2.0K0.0083.69002,1841,620
2009-05-18$4.35$3.7533.1%9.5%34.2%13.4%0.0%11.0%2.0%-186-6.7K-1.9K0.0077.599601,7761,516
2009-05-19$4.37$3.7532.6%9.3%34.2%12.3%0.0%6.3%1.5%1.5K-28.2K-1.9K0.0085.31001,7761,516
2009-05-20$4.29$3.7533.0%9.4%27.4%13.0%0.0%0.4%0.0%-578.6K-1.9K0.0073.90001,7761,516
2009-05-21$4.32$3.7532.8%9.4%26.7%12.7%0.0%1.5%0.6%-1109.9K-1.9K0.0076.32001,7761,516
2009-05-22$4.31$3.7532.9%9.4%26.3%13.0%0.0%1.8%1.1%492-5.3K-1.9K0.0075.200401,7761,516
2009-05-26$4.59$3.7534.2%9.8%33.3%15.5%0.0%17.9%-0.4%6.1K-119.5K-1.9K0.0073.64001,7761,556
2009-05-27$4.38$3.7533.3%9.5%37.4%13.7%0.0%3.6%1.0%1.7K-31.1K-1.9K0.0075.18001,7761,556
2009-05-28$4.39$3.7531.9%9.2%37.1%11.0%0.0%3.1%1.4%1.6K-20.6K-1.8K0.0073.79001,7761,556
2009-05-29$4.40$3.7534.1%9.8%37.1%15.3%0.0%3.4%-0.8%1.5K-22.0K-1.8K0.0078.9103041,7761,556