MANH Options History — July 2009

In July 2009, MANH traded between $3.85 and $4.69. ATM implied volatility averaged 34.5%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 8.3% (HV 20d: 42.8%). Max pain ranged from $3.75 to $4.38. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.42.

Notable Days

  • 2009-07-22: Highest Volume — 1,224 contracts
  • 2009-07-15: Largest IV spike — 108.8% change
  • 2009-07-15: Highest IV Rank — 100.0%
  • 2009-07-07: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.21$3.85$4.69$4.57$4.63
Max Pain$3.81$3.75$4.38$4.38$3.75
ATM IV34.5%22.3%78.4%22.3%25.8%
Expected Move10.0%6.4%12.6%6.4%7.4%
HV 20d42.8%21.9%48.6%21.9%31.0%
HV 60d37.9%33.0%39.3%33.0%37.9%
IV Rank23.8%2.5%100.0%2.5%8.5%
IV Percentile24.4%1.2%100.0%1.2%2.8%
Term Structure0.3%-4.7%15.8%11.3%-2.5%
VWIV33.1%24.3%43.9%26.4%32.5%
Skew 25d3.5%-4.7%17.6%-4.7%-3.0%
Skew 10d6.4%-2.8%33.0%11.4%9.2%
Call IV 25d30.6%20.0%39.2%21.3%20.9%
Put IV 25d34.1%16.6%46.3%16.6%17.8%
Bid-Ask Spread %88.0036.75114.5698.83114.56
Gamma HHI0.510.410.650.440.55
Net GEX3.1K-7.1K21.0K-74220.1K
Net DEX-21.4K-752.5K392.9K-110.4K-685.4K
Net VEX-2.0K-3.1K-1.3K-1.7K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.001.491.490.49
Total Volume148.54501,22400
Total OI3,834.7272,5764,3803,4604,360

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-07-01$4.57$4.3822.3%6.4%21.9%2.5%0.0%-4.7%11.3%-742-110.4K-1.7K0.0098.83002,0441,416
2009-07-02$4.13$4.3824.4%7.0%41.3%6.2%26.4%0.7%15.8%-7.1K240.3K-1.4K1.4946.691802682,0441,416
2009-07-06$4.03$3.7527.6%11.6%41.5%11.8%0.0%2.3%-0.2%-5.6K326.9K-1.4K0.0078.4501482,2241,604
2009-07-07$3.97$3.7544.9%12.6%41.5%42.5%43.9%3.7%-3.7%-7.0K343.1K-1.5K0.0077.340402,2241,712
2009-07-08$3.91$3.7536.0%11.6%40.4%26.8%0.0%2.1%-2.2%-7.1K374.6K-1.4K0.0091.720442,2241,704
2009-07-09$3.86$3.7531.8%11.9%40.0%19.2%41.8%0.4%-3.1%-6.8K392.9K-1.3K0.3883.4432122,2241,708
2009-07-10$3.85$3.7534.2%12.0%40.2%23.5%0.0%-2.4%-3.4%-6.5K364.9K-1.3K0.0084.94002,2561,600
2009-07-13$3.94$3.7533.4%12.2%41.8%22.1%0.0%4.8%-4.7%-6.2K348.4K-1.3K0.0086.97002,2561,600
2009-07-14$3.94$3.7537.5%11.7%41.0%29.5%0.0%0.5%-3.3%-6.3K344.1K-1.3K0.0089.44002,2561,600
2009-07-15$4.10$3.7578.4%10.5%44.3%100.0%0.0%6.7%0.1%-6.1K255.8K-1.5K0.0096.6452402,2561,600
2009-07-16$4.12$3.7537.4%10.7%44.4%28.6%0.0%4.6%-1.2%-1.7K147.3K-2.0K0.0099.94002,7801,600
2009-07-17$4.02$3.7539.5%11.3%44.9%32.3%0.0%1.9%-0.2%-1.2K251.0K-1.8K0.3086.29160482,7801,600
2009-07-20$4.12$3.7537.7%10.8%45.8%29.1%0.0%9.0%-3.4%-1.4K76.7K-1.8K0.0070.12001,4641,112
2009-07-21$4.13$3.7537.6%10.8%45.8%29.0%24.3%5.9%-3.7%-1.4K67.8K-1.8K0.2536.75160401,4641,112
2009-07-22$4.26$3.7529.6%8.5%47.5%15.1%29.7%-1.8%2.7%-1.0K-2.9K-2.0K0.0098.341,22401,6241,152
2009-07-23$4.41$3.7530.4%8.7%48.6%16.4%0.0%3.7%0.9%17.1K-383.5K-2.9K0.0076.31002,8481,152
2009-07-24$4.45$3.7532.1%9.2%48.4%19.5%32.5%7.1%0.1%16.6K-423.8K-2.9K0.4996.942441202,8481,152
2009-07-27$4.47$3.7530.2%8.7%47.7%16.2%0.0%17.6%1.6%21.0K-472.9K-3.1K0.00110.68003,0681,272
2009-07-28$4.53$3.7531.8%9.1%47.8%18.8%0.0%9.0%2.8%20.2K-552.0K-3.0K0.00106.09003,0681,268
2009-07-29$4.58$3.7532.7%9.4%47.6%20.4%0.0%12.5%1.3%20.1K-620.2K-3.0K0.00100.34003,0681,268
2009-07-30$4.69$3.7524.4%7.0%48.4%6.1%0.0%-3.9%1.7%20.2K-752.5K-2.8K0.00105.090243,0681,268
2009-07-31$4.63$3.7525.8%7.4%31.0%8.5%0.0%-3.0%-2.5%20.1K-685.4K-2.9K0.00114.56003,0681,292