MANH Options History — September 2011

In September 2011, MANH traded between $8.27 and $9.18. ATM implied volatility averaged 60.7%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 15.6% (HV 20d: 45.0%). Max pain ranged from $6.25 to $8.75. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-09-08: Highest Volume — 40 contracts
  • 2011-09-07: Largest IV spike — 93.2% change
  • 2011-09-13: Highest IV Rank — 65.7%
  • 2011-09-30: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.67$8.27$9.18$8.85$8.27
Max Pain$6.49$6.25$8.75$8.75$6.25
ATM IV60.7%33.6%89.5%36.0%69.8%
Expected Move15.6%8.6%20.0%10.3%20.0%
HV 20d45.0%36.3%61.0%59.6%41.5%
HV 60d45.0%42.9%47.5%42.9%47.5%
IV Rank39.2%15.2%65.7%17.3%47.5%
IV Percentile64.3%17.1%94.4%21.4%82.1%
Term Structure-13.7%-34.4%12.8%9.8%-28.5%
Skew 25d6.2%-37.4%38.9%4.8%0.0%
Skew 10d18.1%-35.9%63.6%8.4%7.2%
Call IV 25d53.1%29.0%94.6%34.0%76.5%
Put IV 25d59.3%34.6%97.1%38.7%76.5%
Bid-Ask Spread %126.44105.26132.84111.73130.83
Gamma HHI0.620.530.760.590.56
Net GEX7.9K5.4K11.4K7.9K6.0K
Net DEX-131.6K-243.2K-55.0K-178.2K-75.3K
Net VEX-1.7K-2.0K-1.5K-2.0K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.8104000
Total OI1,490.0951,4521,5721,4921,452

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-09-01$8.85$8.7536.0%10.3%59.6%17.3%0.0%4.8%9.8%7.9K-178.2K-2.0K0.00111.7300844648
2011-09-02$8.49$8.7533.6%9.6%61.0%15.2%0.0%-3.4%12.8%6.1K-146.1K-2.0K0.00110.7700844648
2011-09-06$8.44$6.2536.0%11.5%54.2%16.4%0.0%4.2%0.6%5.4K-55.0K-1.5K0.00105.2600844648
2011-09-07$8.70$6.2569.5%15.9%51.8%47.2%0.0%21.8%-16.5%7.6K-134.2K-1.9K0.00126.7200844648
2011-09-08$8.52$6.2545.8%8.6%49.8%25.4%0.0%23.4%5.0%6.4K-93.5K-1.7K0.00130.95400844648
2011-09-09$8.42$6.2570.7%14.4%47.5%48.3%0.0%16.0%-16.6%6.4K-83.3K-1.7K0.00129.1000884648
2011-09-12$8.58$6.2582.1%16.9%47.9%58.8%0.0%24.4%-17.3%6.8K-110.4K-1.7K0.00119.8200884648
2011-09-13$8.83$6.2589.5%17.0%48.1%65.7%0.0%37.6%-15.0%8.9K-170.3K-1.8K0.00125.62040884648
2011-09-14$8.95$6.2575.0%12.6%47.7%52.3%0.0%21.7%-4.4%10.0K-168.6K-1.9K0.00129.6300884688
2011-09-15$9.18$6.2553.6%15.4%48.4%32.7%0.0%24.7%-9.8%11.1K-207.0K-1.9K0.00131.0900884688
2011-09-16$9.03$6.2557.3%16.4%40.4%36.0%0.0%31.7%-18.7%11.4K-243.2K-1.9K0.00129.3800884688
2011-09-19$8.98$6.2555.6%15.9%39.4%34.5%0.0%38.9%-17.5%9.1K-162.9K-1.8K0.00132.8400804648
2011-09-20$8.74$6.2560.6%17.4%40.6%39.1%0.0%12.2%-21.2%8.2K-156.2K-1.8K0.00129.5400804648
2011-09-21$8.55$6.2558.8%16.9%37.2%37.4%0.0%-37.4%-17.3%7.9K-123.9K-1.7K0.00131.2700804648
2011-09-22$8.31$6.2563.6%18.2%38.4%41.8%0.0%-31.1%-9.0%6.2K-100.8K-1.7K0.00132.0500804648
2011-09-23$8.56$6.2565.5%18.8%38.8%43.6%0.0%8.9%-25.9%7.0K-105.1K-1.6K0.00123.7200804648
2011-09-26$8.81$6.2563.1%18.1%36.8%41.3%0.0%-22.7%-19.1%8.7K-123.7K-1.6K0.00132.4100804648
2011-09-27$8.88$6.2564.0%18.3%36.3%42.2%0.0%-21.0%-21.3%9.3K-142.7K-1.6K0.00132.7100804648
2011-09-28$8.43$6.2556.6%16.2%40.6%35.4%0.0%-26.6%-34.4%7.5K-96.2K-1.5K0.00127.6800804648
2011-09-29$8.53$6.2568.0%19.5%40.2%45.8%0.0%2.5%-24.4%6.8K-87.2K-1.5K0.00132.2100804648
2011-09-30$8.27$6.2569.8%20.0%41.5%47.5%0.0%0.0%-28.5%6.0K-75.3K-1.5K0.00130.8300804648