MANH Options History — January 2011

In January 2011, MANH traded between $7.34 and $7.74. ATM implied volatility averaged 50.4%, placing in the 36.0% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 33.4% (HV 20d: 17.0%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-01-18: Highest Volume — 40 contracts
  • 2011-01-12: Largest IV spike — 251.5% change
  • 2011-01-12: Highest IV Rank — 100.0%
  • 2011-01-06: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.55$7.34$7.74$7.74$7.38
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV50.4%31.8%111.9%55.3%46.5%
Expected Move13.2%9.2%20.8%15.9%13.3%
HV 20d17.0%14.2%21.2%15.9%20.6%
HV 60d17.6%16.1%18.9%18.4%17.9%
IV Rank36.0%16.0%100.0%42.6%31.2%
IV Percentile83.3%52.4%100.0%94.4%84.1%
Term Structure-6.3%-52.8%22.0%-46.9%22.0%
Skew 25d-0.5%-49.3%41.7%-25.2%41.7%
Skew 10d5.7%-49.8%60.7%-20.0%60.7%
Call IV 25d55.6%24.8%90.3%61.9%44.6%
Put IV 25d55.2%31.4%86.3%36.8%86.3%
Bid-Ask Spread %142.95132.38149.04139.47147.95
Gamma HHI0.450.250.640.470.28
Net GEX-7.1K-14.9K-196-7.0K-1.1K
Net DEX-84.7K-151.7K-24.9K-151.7K-25.9K
Net VEX-903-1.2K-594-1.1K-754
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.804000
Total OI1,417.27001,7561,716700

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-01-03$7.74$7.5055.3%15.9%15.9%42.6%0.0%-25.2%-46.9%-7.0K-151.7K-1.1K0.00139.47007081,008
2011-01-04$7.61$7.5057.7%16.5%16.9%45.2%0.0%-34.5%-52.8%-9.8K-112.6K-1.1K0.00135.44007081,008
2011-01-05$7.71$7.5059.3%17.0%17.7%47.0%0.0%-49.3%-52.5%-8.1K-141.4K-1.0K0.00136.71007081,008
2011-01-06$7.66$7.5072.5%20.8%17.7%61.7%0.0%-22.1%-30.8%-3.7K-91.2K-1.2K0.00136.23007081,008
2011-01-07$7.59$0.0052.6%10.8%17.9%39.6%0.0%6.5%1.2%-6.7K-146.3K-1.1K0.00133.76007081,008
2011-01-10$7.57$0.0036.8%9.3%17.0%22.0%0.0%6.6%14.1%-11.2K-91.6K-1.0K0.00139.91007081,008
2011-01-11$7.51$0.0031.8%9.8%16.9%16.6%0.0%6.9%5.7%-13.1K-75.0K-9720.00141.93007081,008
2011-01-12$7.61$0.00111.9%10.7%17.3%100.0%0.0%2.0%6.4%-2.2K-94.2K-1.1K0.00147.53007081,008
2011-01-13$7.59$0.0036.2%10.4%17.2%20.3%0.0%4.8%5.7%-10.4K-102.1K-9500.00148.24007081,008
2011-01-14$7.58$0.0032.1%9.2%16.6%16.0%0.0%27.4%4.9%-13.0K-105.6K-9320.00147.91807081,008
2011-01-18$7.56$0.0040.8%11.7%16.6%25.2%0.0%-7.4%3.4%-12.2K-125.5K-8800.00148.190407081,008
2011-01-19$7.54$0.0050.4%14.4%15.9%35.3%0.0%3.0%-10.7%-14.9K-81.2K-8610.00132.38007081,048
2011-01-20$7.53$0.0042.3%12.1%14.3%26.7%0.0%2.3%-1.4%-13.4K-79.1K-8530.00147.16007081,048
2011-01-21$7.49$0.0043.9%12.6%14.3%28.4%0.0%18.5%-1.1%-11.3K-60.4K-8250.00148.26007081,048
2011-01-24$7.52$0.0051.6%14.8%14.2%36.6%0.0%9.8%-16.1%-326-55.8K-6420.00136.7200208492
2011-01-25$7.34$0.0046.7%13.4%16.0%31.4%0.0%-0.5%0.4%-775-34.3K-7160.00148.7608208492
2011-01-26$7.34$0.0047.7%13.7%16.0%32.4%0.0%0.5%5.0%-1.0K-24.9K-7370.00149.0400208492
2011-01-27$7.59$0.0049.4%14.2%20.7%34.2%0.0%-11.4%5.5%-1.4K-44.8K-6360.00145.5300208492
2011-01-28$7.49$0.0043.5%12.5%21.2%28.0%0.0%11.0%12.4%-196-49.7K-5940.00147.8300208492
2011-01-31$7.38$0.0046.5%13.3%20.6%31.2%0.0%41.7%22.0%-1.1K-25.9K-7540.00147.9500208492