MANH Options History — March 2012

In March 2012, MANH traded between $11.74 and $12.53. ATM implied volatility averaged 35.8%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 13.0% (HV 20d: 22.9%). Max pain ranged from $11.25 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2012-03-07: Highest Volume — 600 contracts
  • 2012-03-13: Largest IV spike — 84.0% change
  • 2012-03-13: Highest IV Rank — 38.1%
  • 2012-03-09: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.12$11.74$12.53$11.74$11.88
Max Pain$11.36$11.25$12.50$12.50$11.25
ATM IV35.8%26.4%64.5%35.1%32.8%
Expected Move9.4%6.9%11.3%10.1%9.4%
HV 20d22.9%15.5%25.3%15.9%24.5%
HV 60d28.4%25.3%30.5%29.8%25.3%
IV Rank9.6%0.2%38.1%8.9%6.6%
IV Percentile17.8%0.8%80.2%13.9%11.5%
Term Structure-1.3%-27.5%16.5%-27.5%7.2%
VWIV35.1%26.5%63.7%32.4%44.6%
Skew 25d8.5%-13.0%33.2%3.6%28.1%
Skew 10d15.2%-15.0%64.4%12.8%7.9%
Call IV 25d32.4%22.3%48.5%22.3%30.6%
Put IV 25d40.9%20.2%62.1%25.9%58.7%
Bid-Ask Spread %116.40103.47133.51133.51115.07
Gamma HHI0.350.290.470.470.32
Net GEX22.7K10.5K61.1K15.8K24.2K
Net DEX-467.0K-767.4K-199.9K-259.8K-459.0K
Net VEX-3.1K-3.8K-1.6K-1.6K-3.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.006.000.000.00
Total Volume123.2730600012
Total OI2,1801,6762,6441,6762,236

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-03-01$11.74$12.5035.1%10.1%15.9%8.9%0.0%3.6%-27.5%15.8K-259.8K-1.6K0.00133.5100788888
2012-03-02$11.74$12.5036.3%10.4%15.5%10.1%0.0%0.8%-24.1%13.7K-230.8K-1.6K0.00133.34052788888
2012-03-05$12.24$11.2535.6%8.6%20.9%9.3%32.4%12.9%-2.3%10.5K-434.0K-1.7K0.00118.863400788940
2012-03-06$12.02$11.2526.4%6.9%22.2%0.2%29.7%4.9%-0.4%22.8K-342.4K-1.7K0.84112.77100841,004940
2012-03-07$11.97$11.2537.4%9.0%22.3%11.1%32.2%13.1%-8.0%11.4K-199.9K-2.0K0.08121.06556449401,024
2012-03-08$12.08$11.2538.7%7.5%22.4%12.4%27.9%7.1%-1.3%24.3K-429.9K-3.3K0.00108.358401,4481,068
2012-03-09$12.29$11.2541.8%11.3%22.9%15.6%0.0%33.2%-4.9%27.7K-589.7K-3.7K0.09111.814441,4921,068
2012-03-12$12.20$11.2535.1%10.5%22.6%8.8%32.1%-2.9%-2.2%31.1K-567.7K-3.7K6.00105.81402401,5361,068
2012-03-13$12.45$11.2564.5%9.0%22.9%38.1%29.6%-2.5%-3.6%61.1K-767.4K-3.5K0.32104.32248801,5761,068
2012-03-14$12.53$11.2537.9%9.7%22.9%11.6%32.0%4.0%-0.8%32.6K-759.0K-3.8K0.00103.4723201,4321,148
2012-03-15$12.44$11.2532.9%9.4%23.0%6.7%0.0%-4.6%1.2%28.4K-632.7K-3.5K0.00110.68001,3721,148
2012-03-16$12.12$11.2527.6%7.9%25.3%1.4%35.9%-13.0%4.3%24.8K-470.9K-3.5K0.88112.091321161,3721,148
2012-03-19$12.21$11.2533.2%9.5%24.9%7.0%0.0%-1.1%7.6%18.5K-463.4K-3.4K0.00116.06001,096940
2012-03-20$12.12$11.2539.3%11.3%25.1%13.0%0.0%5.1%2.6%16.1K-422.9K-3.6K0.00112.25001,096940
2012-03-21$12.13$11.2538.9%11.1%24.9%12.6%0.0%27.6%-2.4%17.6K-428.0K-3.5K0.00117.052001,096940
2012-03-22$12.01$11.2533.9%9.7%23.9%7.7%0.0%11.1%3.6%17.7K-467.8K-3.4K0.00123.61001,116940
2012-03-23$12.02$11.2532.6%9.3%23.7%6.4%35.9%13.4%8.3%16.2K-441.1K-3.5K0.00121.801201,116940
2012-03-26$12.24$11.2532.8%9.4%24.2%6.5%63.7%10.4%16.5%18.5K-484.8K-3.4K0.00125.195201,104940
2012-03-27$12.12$11.2535.3%10.1%24.5%9.1%33.9%11.8%-3.4%20.4K-487.1K-3.2K0.00116.0510001,156940
2012-03-28$12.04$11.2532.8%9.4%24.3%6.6%26.5%5.6%1.1%21.8K-455.9K-3.3K0.00123.4412001,256940
2012-03-29$12.04$11.2527.3%7.8%23.9%1.1%0.0%19.1%-0.9%25.1K-479.1K-3.1K0.00114.30001,296940
2012-03-30$11.88$11.2532.8%9.4%24.5%6.6%44.6%28.1%7.2%24.2K-459.0K-3.1K0.00115.071201,296940