MANH Options History — April 2011

In April 2011, MANH traded between $8.30 and $9.29. ATM implied volatility averaged 62.6%, placing in the 46.8% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 36.1% (HV 20d: 26.5%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-04-15: Highest Volume — 104 contracts
  • 2011-04-08: Largest IV spike — 44.8% change
  • 2011-04-13: Highest IV Rank — 78.6%
  • 2011-04-29: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.69$8.30$9.29$8.31$9.04
Max Pain$7.44$6.25$7.50$6.25$7.50
ATM IV62.6%41.3%93.6%51.8%67.4%
Expected Move15.6%10.2%19.3%14.8%19.3%
HV 20d26.5%14.7%33.4%26.2%33.2%
HV 60d25.7%23.0%28.8%23.3%27.6%
IV Rank46.8%25.0%78.6%35.7%51.7%
IV Percentile84.6%63.5%98.0%79.4%89.3%
Term Structure-9.8%-23.3%14.1%0.3%-18.9%
VWIV60.3%60.3%60.3%60.3%60.3%
Skew 25d17.8%0.7%54.7%22.1%19.7%
Skew 10d25.7%1.9%37.4%29.9%33.1%
Call IV 25d53.0%18.9%87.8%33.5%65.8%
Put IV 25d70.8%41.8%93.2%55.5%85.5%
Bid-Ask Spread %126.3091.95140.66140.66131.87
Gamma HHI0.420.250.800.480.36
Net GEX8.0K1.4K39.4K8.6K4.4K
Net DEX-220.8K-555.3K-130.4K-242.7K-193.3K
Net VEX-1.5K-1.8K-1.1K-1.8K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume7.4010440
Total OI1,5891,2161,8801,8761,256

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-04-01$8.31$6.2551.8%14.8%26.2%35.7%0.0%22.1%0.3%8.6K-242.7K-1.8K0.00140.66048121,064
2011-04-04$8.36$7.5063.0%14.2%25.8%47.2%0.0%7.5%-8.5%9.7K-245.9K-1.7K0.0091.95008121,068
2011-04-05$8.36$7.5059.6%14.3%25.6%43.7%0.0%15.5%-18.6%9.7K-251.5K-1.7K0.00128.93008121,068
2011-04-06$8.30$7.5062.3%12.7%25.7%46.4%0.0%21.6%2.9%10.0K-222.7K-1.8K0.00113.53008121,068
2011-04-07$8.31$7.5041.3%17.0%22.5%25.0%0.0%38.0%-23.3%11.9K-223.4K-1.7K0.00125.18008121,068
2011-04-08$8.32$7.5059.8%10.9%18.4%43.9%0.0%20.1%13.2%10.1K-223.4K-1.8K0.00126.71008121,068
2011-04-11$8.41$7.5073.8%12.1%18.3%58.3%0.0%21.6%8.9%10.9K-245.1K-1.8K0.00119.48008121,068
2011-04-12$8.42$7.5084.8%16.0%16.9%69.5%0.0%40.2%-18.8%11.3K-258.0K-1.7K0.00126.71008121,068
2011-04-13$8.44$7.5093.6%10.2%14.7%78.6%0.0%14.1%14.1%11.8K-257.8K-1.6K0.00125.19008121,068
2011-04-14$8.61$7.5052.8%15.2%14.7%36.8%0.0%37.0%-8.0%39.4K-237.2K-1.6K0.00125.22008121,068
2011-04-15$9.29$7.5058.5%16.8%28.4%42.6%0.0%54.7%-14.5%2.0K-555.3K-1.1K0.00120.0210408121,068
2011-04-18$8.99$7.5050.5%14.5%31.6%34.4%0.0%0.7%-12.8%2.2K-151.9K-1.3K0.00127.9000392824
2011-04-19$8.99$7.5059.0%16.9%31.6%43.1%0.0%6.8%-17.1%1.4K-130.4K-1.5K0.00126.7400392824
2011-04-20$8.99$7.5057.0%16.3%31.7%41.1%0.0%7.2%-12.4%2.5K-154.9K-1.3K0.00132.1100392824
2011-04-21$9.09$7.5057.5%16.5%31.5%41.5%0.0%8.8%-9.9%2.7K-167.9K-1.2K0.00132.9800392824
2011-04-25$8.85$7.5062.9%18.0%33.4%47.1%60.3%5.1%-17.5%2.0K-139.1K-1.3K0.00133.21400392824
2011-04-26$8.86$7.5064.8%18.6%33.3%49.0%0.0%5.7%-15.2%2.8K-162.4K-1.3K0.00132.9400432824
2011-04-27$8.91$7.5065.1%18.7%33.3%49.4%0.0%6.6%-19.4%3.2K-170.1K-1.3K0.00132.3500432824
2011-04-28$8.94$7.5066.4%19.0%33.1%50.7%0.0%2.2%-20.1%4.4K-182.3K-1.1K0.00132.4000432824
2011-04-29$9.04$7.5067.4%19.3%33.2%51.7%0.0%19.7%-18.9%4.4K-193.3K-1.1K0.00131.8700432824