MANH Options History — July 2010

In July 2010, MANH traded between $6.63 and $7.10. ATM implied volatility averaged 33.9%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 3.2% (HV 20d: 30.7%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2010-07-20: Highest Volume — 1,612 contracts
  • 2010-07-13: Largest IV spike — 134.3% change
  • 2010-07-13: Highest IV Rank — 85.9%
  • 2010-07-07: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.90$6.63$7.10$6.82$6.71
Max Pain$7.02$6.25$7.50$7.50$6.25
ATM IV33.9%20.6%70.0%31.8%27.3%
Expected Move9.5%5.9%13.4%9.1%7.8%
HV 20d30.7%25.6%38.1%29.8%35.6%
HV 60d37.5%32.3%40.5%40.0%36.0%
IV Rank27.4%4.1%85.9%22.2%17.2%
IV Percentile52.5%2.4%99.6%67.5%31.0%
Term Structure1.4%-7.8%18.9%18.9%3.3%
VWIV35.2%27.1%40.5%38.3%27.1%
Skew 25d1.5%-16.0%16.6%16.6%3.4%
Skew 10d3.4%-13.2%19.2%14.0%8.9%
Call IV 25d32.9%20.4%39.9%20.4%21.9%
Put IV 25d34.4%18.1%50.7%37.0%25.4%
Bid-Ask Spread %73.1214.07108.9514.07103.67
Gamma HHI0.430.380.520.480.45
Net GEX-9.8K-23.8K11.1K-20.8K-17.9K
Net DEX219.0K-100.1K455.4K290.4K415.3K
Net VEX-5.2K-6.6K-4.4K-4.9K-5.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.002.101.530.00
Total Volume239.42901,612152320
Total OI6,600.7625,3528,0765,6248,076

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2010-07-01$6.82$7.5031.8%9.1%29.8%22.2%0.0%16.6%18.9%-20.8K290.4K-4.9K1.5314.0760922,3563,268
2010-07-02$6.79$7.5023.0%6.6%27.7%7.5%0.0%-6.0%15.6%-19.7K349.2K-4.8K0.0043.12002,3763,360
2010-07-06$6.67$7.5021.6%11.8%26.5%5.2%0.0%1.0%2.0%-23.8K455.4K-4.4K0.0026.29002,3763,360
2010-07-07$6.83$7.5022.7%13.4%27.9%7.0%0.0%13.7%2.7%-15.5K379.7K-4.6K0.0027.581202,3763,360
2010-07-08$6.95$7.5051.2%11.0%28.4%54.6%38.3%5.5%2.5%-14.4K255.2K-4.7K1.8523.01801482,3883,360
2010-07-09$6.98$7.5049.3%10.6%26.6%51.5%37.5%8.6%-2.3%-17.1K258.7K-4.7K0.0040.401602,4683,480
2010-07-12$6.93$7.5029.8%11.0%25.6%19.0%0.0%6.1%-6.3%-14.2K275.6K-4.7K0.0036.769202,4763,480
2010-07-13$7.10$7.5070.0%10.4%27.3%85.9%0.0%8.0%0.2%-12.1K108.5K-4.6K0.0074.51002,5043,480
2010-07-14$7.03$7.5044.9%11.0%26.7%44.1%38.4%4.6%0.5%-10.3K163.7K-4.7K0.0086.9028002,5043,480
2010-07-15$7.02$7.5038.4%11.0%26.6%33.2%0.0%2.4%-7.8%-9.6K182.2K-4.6K0.0095.57002,6083,480
2010-07-16$6.90$7.5038.0%10.9%27.2%37.8%38.8%3.3%-3.3%-13.7K258.2K-4.4K2.1090.36801682,6083,436
2010-07-19$6.93$7.5041.0%11.8%27.0%43.7%40.5%4.3%-5.2%-13.9K216.2K-4.7K0.0087.5161202,3403,012
2010-07-20$7.02$7.5040.3%11.5%26.4%42.3%38.9%7.0%-0.7%-5.7K85.9K-4.8K0.3898.301,1684442,7483,012
2010-07-21$6.63$6.2526.7%7.7%31.6%15.9%33.9%-16.0%-7.4%-16.0K351.5K-5.6K1.19102.282162563,7843,436
2010-07-22$7.00$6.2530.7%8.8%38.0%23.7%30.1%3.6%-1.1%9.9K-24.2K-6.3K1.0593.043483643,8763,692
2010-07-23$7.06$6.2525.5%7.3%38.1%13.6%0.0%-8.7%1.7%8.2K-100.1K-6.4K0.00108.951204,0763,916
2010-07-26$6.99$6.2529.0%8.3%38.1%20.5%28.9%3.7%2.0%11.1K23.9K-6.5K0.29103.3996284,0643,916
2010-07-27$6.98$6.2525.7%7.4%38.1%14.1%0.0%-11.1%1.7%5.9K32.2K-6.6K0.00103.20004,1043,924
2010-07-28$6.83$6.2520.6%5.9%35.9%4.1%0.0%-10.7%10.9%-3.2K255.4K-6.3K0.0098.84004,1043,924
2010-07-29$6.76$6.2524.9%7.1%35.7%12.4%0.0%-7.0%0.6%-12.3K366.6K-5.9K0.0077.7913604,1043,924
2010-07-30$6.71$6.2527.3%7.8%35.6%17.2%27.1%3.4%3.3%-17.9K415.3K-5.7K0.00103.6732004,1523,924