MANH Options History — May 2012

In May 2012, MANH traded between $11.65 and $12.53. ATM implied volatility averaged 31.7%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 0.8% (HV 20d: 30.9%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.26.

Notable Days

  • 2012-05-30: Highest Volume — 604 contracts
  • 2012-05-09: Largest IV spike — 160.5% change
  • 2012-05-09: Highest IV Rank — 42.3%
  • 2012-05-03: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.08$11.65$12.53$12.46$11.88
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV31.7%22.1%66.4%42.4%26.8%
Expected Move8.5%6.6%15.9%12.1%7.7%
HV 20d30.9%19.0%36.3%35.1%19.0%
HV 60d26.4%25.1%26.9%25.8%25.1%
IV Rank8.7%0.0%42.3%16.1%4.5%
IV Percentile16.0%0.0%87.3%42.9%6.3%
Term Structure-3.1%-36.9%7.8%-27.1%7.8%
VWIV31.0%14.2%57.6%46.3%14.2%
Skew 25d6.0%-5.7%43.2%14.2%1.6%
Skew 10d17.9%-15.8%35.7%19.3%30.0%
Call IV 25d27.5%15.5%36.9%32.0%27.7%
Put IV 25d33.5%18.0%80.1%46.3%29.3%
Bid-Ask Spread %109.2484.43128.89124.2897.19
Gamma HHI0.320.250.480.480.25
Net GEX9.6K-3.1K20.0K15.1K13.4K
Net DEX-32.4K-305.2K378.4K-302.5K-14.9K
Net VEX-4.5K-7.7K-3.5K-3.5K-7.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.007.501.430.25
Total Volume170.182060468200
Total OI2,808.7271,9963,8321,9963,832

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-05-01$12.46$12.5042.4%12.1%35.1%16.1%46.3%14.2%-27.1%15.1K-302.5K-3.5K1.43124.2828401,188808
2012-05-02$12.53$12.5038.7%11.1%35.1%12.5%38.5%10.7%-13.4%15.5K-305.2K-3.5K2.45124.461162841,216848
2012-05-03$12.24$12.5055.5%15.9%35.9%29.2%57.6%43.2%-36.9%7.4K-168.4K-3.9K1.00128.8980801,3041,012
2012-05-04$12.06$12.5022.1%7.0%36.3%0.0%24.6%5.2%4.5%9.4K45.3K-3.6K0.06101.516841,3761,068
2012-05-07$12.21$12.5039.0%9.7%35.9%16.1%34.2%15.4%-5.0%13.7K-129.0K-3.7K0.00123.378001,4161,068
2012-05-08$12.25$12.5025.5%6.7%35.4%3.2%23.5%4.3%2.4%20.0K-119.8K-3.8K0.00104.828001,4961,068
2012-05-09$12.21$12.5066.4%7.1%35.3%42.3%24.6%10.8%1.9%17.4K-247.4K-4.0K2.60107.32401041,5601,068
2012-05-10$12.20$12.5027.6%7.9%34.9%5.3%27.2%4.7%0.3%15.2K-134.4K-4.1K0.80113.68100801,6001,148
2012-05-11$12.26$12.5023.3%6.7%34.6%1.1%23.3%1.8%1.4%12.3K-211.2K-4.2K0.71108.7056401,6401,228
2012-05-14$12.15$12.5023.6%6.8%34.6%1.5%0.0%-1.3%2.5%12.5K-1.6K-3.9K0.00119.40001,6841,268
2012-05-15$12.30$12.5023.7%6.8%34.7%1.6%0.0%-5.7%2.1%15.4K-167.1K-3.9K7.50108.908601,6841,268
2012-05-16$12.12$12.5025.2%7.2%34.9%3.0%0.0%7.8%-0.9%12.1K-84.8K-3.9K0.33115.3660201,6921,328
2012-05-17$11.89$12.5023.2%6.6%35.7%1.0%0.0%-4.8%1.8%3.5K378.4K-3.7K0.50110.72120601,7481,348
2012-05-18$11.65$12.5035.7%10.2%35.4%13.0%0.0%8.3%-6.3%674240.8K-3.8K0.00113.246001,8321,208
2012-05-21$11.74$12.5032.5%9.3%34.8%10.0%27.5%0.4%-0.6%1.7K88.3K-3.7K5.5094.32804401,268928
2012-05-22$11.79$12.5029.3%8.4%34.6%6.9%14.2%2.5%-10.1%-3.1K195.3K-4.8K0.33122.06240801,3481,368
2012-05-23$12.01$12.5033.0%9.4%20.3%10.4%0.0%-2.6%-0.8%2.1K44.1K-5.8K0.00109.17001,5481,448
2012-05-24$11.94$12.5025.8%7.4%19.4%3.6%0.0%3.9%1.6%1.0K108.2K-5.6K0.1692.31200321,5481,448
2012-05-25$11.93$12.5026.4%7.6%19.1%4.1%0.0%4.4%1.2%6.5K70.0K-5.9K0.0096.8720001,7081,480
2012-05-29$12.04$12.5026.2%7.5%19.1%4.0%0.0%5.7%2.9%10.1K-13.6K-6.2K0.0084.43001,8681,480
2012-05-30$11.99$12.5024.8%7.1%19.1%2.6%0.0%0.9%2.4%8.9K16.7K-6.2K0.35102.384481561,8681,480
2012-05-31$11.88$12.5026.8%7.7%19.0%4.5%0.0%1.6%7.8%13.4K-14.9K-7.7K0.2597.19160402,2361,596