MANH Options History — September 2009

In September 2009, MANH traded between $4.42 and $5.11. ATM implied volatility averaged 29.3%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 6.6% (HV 20d: 22.7%). Max pain ranged from $4.38 to $4.38. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-09-17: Highest Volume — 800 contracts
  • 2009-09-10: Largest IV spike — 18.5% change
  • 2009-09-15: Highest IV Rank — 23.6%
  • 2009-09-08: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.80$4.42$5.11$4.43$5.05
Max Pain$4.38$4.38$4.38$4.38$4.38
ATM IV29.3%26.3%34.5%28.9%27.0%
Expected Move8.7%7.5%10.1%8.3%7.7%
HV 20d22.7%20.1%25.4%21.3%22.1%
HV 60d31.9%24.7%33.6%32.7%24.7%
IV Rank14.5%9.3%23.6%13.9%10.6%
IV Percentile13.8%4.8%31.7%9.5%7.5%
Term Structure6.2%0.9%12.0%7.6%10.9%
VWIV30.0%27.6%33.7%28.9%27.6%
Skew 25d5.1%-4.2%15.1%3.9%6.0%
Skew 10d6.9%-5.7%28.0%6.3%9.6%
Call IV 25d25.6%19.2%29.9%26.6%23.0%
Put IV 25d30.6%24.0%37.6%30.5%29.0%
Bid-Ask Spread %87.9038.93109.5540.99109.55
Gamma HHI0.460.380.540.450.50
Net GEX5.7K-54810.9K9.4K10.9K
Net DEX-606.3K-1.5M-215.8K-217.7K-634.3K
Net VEX-1.3K-2.4K-617-2.4K-872
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume89.52408003600
Total OI4,146.8572,8885,5324,7203,368

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-09-01$4.43$4.3828.9%8.3%21.3%13.9%28.9%3.9%7.6%9.4K-217.7K-2.4K0.0040.9936002,6882,032
2009-09-02$4.42$4.3829.8%8.5%20.1%15.4%0.0%4.0%5.6%8.9K-215.8K-2.4K0.0078.08002,6882,032
2009-09-03$4.50$4.3826.3%7.5%21.0%9.3%0.0%13.2%12.0%9.9K-321.4K-2.3K0.0038.93002,6882,032
2009-09-04$4.57$4.3826.5%9.6%21.3%9.6%33.7%2.4%3.9%9.9K-487.2K-2.1K0.0099.890402,6882,032
2009-09-08$4.53$4.3828.1%10.1%21.6%12.5%0.0%10.0%0.9%9.4K-410.0K-2.0K0.0095.637602,6882,064
2009-09-09$4.66$4.3828.3%9.7%23.3%12.8%0.0%6.5%2.0%2.4K-687.1K-1.6K0.0088.342002,6882,064
2009-09-10$4.63$4.3833.5%9.6%21.8%21.9%0.0%5.1%2.9%3.9K-650.7K-1.7K0.0078.33002,6682,064
2009-09-11$4.63$4.3833.3%9.5%21.6%21.5%0.0%4.5%3.0%4.0K-642.2K-1.7K0.0091.57002,6682,064
2009-09-14$4.59$4.3832.8%9.4%21.8%20.7%0.0%11.5%3.4%3.9K-626.7K-1.6K0.0096.23002,6682,064
2009-09-15$4.64$4.3834.5%9.9%21.5%23.6%0.0%15.1%1.6%562-699.3K-1.5K0.0083.48002,6682,064
2009-09-16$4.75$4.3828.4%8.1%22.3%12.9%0.0%3.1%5.1%-548-849.2K-1.2K0.0081.882002,6682,064
2009-09-17$4.84$4.3828.2%8.1%22.8%12.6%0.0%-4.2%5.5%813-943.5K-9680.0095.6880002,6682,064
2009-09-18$5.01$4.3828.7%8.2%25.4%13.6%0.0%-1.9%5.3%1.4K-1.5M-6280.0075.56003,4682,064
2009-09-21$4.97$4.3829.9%8.6%25.2%15.6%0.0%-2.9%7.2%2.7K-462.7K-7870.00107.160441,4681,420
2009-09-22$5.09$4.3827.8%8.0%25.2%11.9%0.0%-0.1%8.5%5.0K-516.1K-6530.00105.37001,4681,464
2009-09-23$5.11$4.3827.6%7.9%24.3%11.5%27.6%5.9%9.5%5.5K-524.6K-6170.00108.126001,4681,464
2009-09-24$5.11$4.3828.6%8.2%24.3%13.3%0.0%7.8%9.1%5.2K-523.5K-6370.0099.9520001,4681,464
2009-09-25$5.08$4.3828.6%8.2%24.4%13.4%0.0%6.8%8.0%7.0K-545.2K-8180.0058.5120001,6441,464
2009-09-28$5.10$4.3829.3%8.4%23.0%14.6%0.0%5.2%8.4%10.1K-650.4K-7850.00106.56001,8441,464
2009-09-29$5.05$4.3828.5%8.2%22.5%13.2%0.0%4.2%8.9%9.6K-629.2K-8220.00106.066001,8441,464
2009-09-30$5.05$4.3827.0%7.7%22.1%10.6%0.0%6.0%10.9%10.9K-634.3K-8720.00109.55001,9041,464