MANH Options History — March 2010

In March 2010, MANH traded between $6.37 and $6.87. ATM implied volatility averaged 26.5%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 5.7% (HV 20d: 20.8%). Max pain ranged from $5.00 to $5.63. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.27.

Notable Days

  • 2010-03-08: Highest Volume — 84 contracts
  • 2010-03-03: Largest IV spike — 84.3% change
  • 2010-03-05: Highest IV Rank — 70.7%
  • 2010-03-03: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.64$6.37$6.87$6.46$6.37
Max Pain$5.52$5.00$5.63$5.00$5.63
ATM IV26.5%18.5%61.1%23.0%19.0%
Expected Move6.9%5.3%11.9%6.6%5.4%
HV 20d20.8%18.0%22.4%20.2%22.1%
HV 60d27.4%26.5%27.9%27.2%26.5%
IV Rank12.8%0.0%70.7%6.4%0.8%
IV Percentile20.4%0.0%99.2%5.2%0.4%
Term Structure3.8%-27.4%17.7%14.3%5.3%
VWIV28.3%28.1%28.6%28.2%28.6%
Skew 25d-1.0%-14.2%12.1%7.8%-14.2%
Skew 10d3.1%-10.3%35.6%4.0%-10.3%
Call IV 25d24.5%16.6%49.4%20.8%31.3%
Put IV 25d23.6%17.0%36.9%28.6%17.0%
Bid-Ask Spread %99.5232.32157.3832.40113.42
Gamma HHI0.840.720.960.860.92
Net GEX44.5K25.2K133.9K37.3K71.2K
Net DEX-929.7K-1.1M-700.7K-702.4K-700.7K
Net VEX-1.3K-1.8K-839-1.8K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.001.000.001.00
Total Volume19.652084400
Total OI2,339.3042,2042,4162,2042,416

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2010-03-01$6.46$5.0023.0%6.6%20.2%6.4%0.0%7.8%14.3%37.3K-702.4K-1.8K0.0032.400401,908296
2010-03-02$6.52$5.0022.5%6.5%18.6%5.7%0.0%-0.9%9.9%35.8K-756.5K-1.8K0.0095.35801,908336
2010-03-03$6.50$5.0041.5%11.9%18.9%37.8%0.0%-10.8%-27.4%38.3K-762.6K-1.8K0.00147.282401,908336
2010-03-04$6.49$5.0041.3%11.9%18.0%37.4%0.0%-12.5%-21.5%37.1K-764.1K-1.7K0.00157.38001,904336
2010-03-05$6.74$5.6361.1%8.2%21.0%70.7%28.2%12.1%8.1%40.8K-931.7K-1.4K0.00120.115201,904336
2010-03-08$6.75$5.6325.4%6.8%21.1%10.6%28.1%2.2%-2.1%33.8K-970.9K-1.4K0.9197.0644401,944336
2010-03-09$6.81$5.6328.3%7.2%20.9%15.4%0.0%11.2%-0.8%34.6K-1.0M-1.3K0.0050.412001,984376
2010-03-10$6.85$5.6343.0%6.0%20.9%40.3%0.0%8.6%17.7%30.5K-1.1M-1.2K0.00125.65002,004376
2010-03-11$6.79$5.6321.4%6.1%21.7%3.7%28.6%-1.1%7.1%32.4K-1.1M-1.2K0.00111.720562,004376
2010-03-12$6.87$5.6319.7%5.6%21.7%0.8%0.0%2.0%17.4%25.2K-1.1M-9060.00108.82002,004376
2010-03-15$6.83$5.6320.4%5.8%20.9%2.0%0.0%5.3%0.8%27.4K-1.1M-9240.00108.81002,004376
2010-03-16$6.74$5.6320.6%5.9%20.0%2.5%0.0%-1.2%10.5%34.8K-1.1M-1.1K0.00109.50002,004376
2010-03-17$6.74$5.6321.9%6.3%20.0%4.6%0.0%-1.7%4.5%35.0K-1.1M-1.1K0.00108.80002,004376
2010-03-18$6.72$5.6324.1%6.9%20.1%8.3%0.0%1.2%0.1%36.7K-1.0M-1.1K0.00111.24002,004376
2010-03-19$6.60$5.6324.6%7.1%21.5%9.2%0.0%6.9%9.0%42.9K-926.1K-1.3K0.0032.328002,004376
2010-03-22$6.71$5.6318.5%5.3%21.6%0.0%0.0%3.3%9.9%32.7K-1.1M-8390.0056.75001,956372
2010-03-23$6.72$5.6323.8%6.8%21.5%8.8%0.0%-1.6%-3.6%36.7K-1.0M-1.0K0.00113.57001,956372
2010-03-24$6.61$5.6321.4%6.1%22.4%4.8%0.0%-9.3%3.8%46.3K-949.0K-1.1K0.00111.85001,956372
2010-03-25$6.53$5.6324.3%7.0%21.7%9.7%0.0%-12.4%-2.6%44.0K-803.7K-1.3K1.00110.9540401,956372
2010-03-26$6.46$5.6321.0%6.0%22.2%4.2%0.0%-9.6%8.4%64.0K-810.6K-1.4K0.00115.55001,996412
2010-03-29$6.39$5.6322.1%6.3%21.2%6.1%0.0%-1.7%10.1%72.3K-750.8K-1.4K0.0046.65001,996412
2010-03-30$6.47$5.6321.2%6.1%21.4%4.5%0.0%-5.5%8.6%133.9K-911.3K-9370.00103.33081,996412
2010-03-31$6.37$5.6319.0%5.4%22.1%0.8%0.0%-14.2%5.3%71.2K-700.7K-1.4K0.00113.42001,996420