MANH Options History — August 2012

In August 2012, MANH traded between $11.46 and $12.65. ATM implied volatility averaged 20.9%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 14.7% (HV 20d: 35.6%). Max pain ranged from $11.25 to $11.25. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.72.

Notable Days

  • 2012-08-10: Highest Volume — 256 contracts
  • 2012-08-06: Largest IV drop — 40.5% change
  • 2012-08-16: Highest IV Rank — 9.8%
  • 2012-08-01: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.20$11.46$12.65$11.46$12.64
Max Pain$11.25$11.25$11.25$11.25$11.25
ATM IV20.9%13.9%26.5%26.5%20.7%
Expected Move6.5%5.8%7.6%7.6%5.9%
HV 20d35.6%14.0%49.1%49.1%14.0%
HV 60d33.7%32.5%34.5%33.8%32.6%
IV Rank5.9%0.0%9.8%4.9%7.0%
IV Percentile2.6%0.0%6.0%6.0%3.2%
Term Structure3.4%1.2%6.9%1.2%6.9%
VWIV23.0%20.2%28.0%28.0%20.3%
Skew 25d5.2%-0.3%8.2%5.2%2.7%
Skew 10d6.9%0.4%13.6%5.9%3.0%
Call IV 25d18.7%16.1%22.2%20.1%16.6%
Put IV 25d23.9%17.7%27.1%25.3%19.3%
Bid-Ask Spread %33.239.4440.7224.8923.90
Gamma HHI0.320.250.450.250.44
Net GEX39.7K9.6K87.8K9.6K87.8K
Net DEX-757.8K-1.3M73.0K-31.6K-1.3M
Net VEX-8.0K-8.5K-7.6K-8.3K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.005.400.001.00
Total Volume9202560200
Total OI5,372.874,6685,8805,4485,452

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-08-01$11.46$11.2526.5%7.6%49.1%4.9%0.0%5.2%1.2%9.6K-31.6K-8.3K0.0024.89003,0602,388
2012-08-02$11.49$11.2526.4%7.6%49.1%4.8%0.0%6.1%1.4%9.9K73.0K-7.9K0.009.44003,0602,388
2012-08-03$11.73$11.2525.7%7.4%46.7%4.1%28.0%8.2%1.7%13.8K-257.3K-8.0K0.0029.452003,0602,388
2012-08-06$11.88$11.2515.3%6.8%46.7%0.0%27.8%4.9%2.6%16.7K-492.5K-7.7K0.0037.170683,0482,388
2012-08-07$12.13$11.2521.2%6.8%46.3%6.1%0.0%7.2%2.3%20.6K-776.7K-8.1K0.0037.81803,0482,408
2012-08-08$12.11$11.2520.3%6.7%46.3%5.2%23.5%6.1%2.8%20.3K-771.7K-8.0K0.0038.048003,0482,408
2012-08-09$12.10$11.2514.2%6.7%46.3%0.0%23.3%6.1%3.1%22.1K-773.3K-7.8K0.0037.314403,0922,408
2012-08-10$12.12$11.2513.9%6.6%45.5%0.0%25.6%7.0%3.2%25.0K-817.7K-7.8K5.4038.05402163,1362,408
2012-08-13$12.04$11.2517.5%6.7%43.7%3.7%27.4%6.0%2.9%21.3K-659.2K-7.6K3.0037.684123,1762,520
2012-08-14$11.92$11.2523.3%6.7%44.1%9.6%0.0%3.9%3.4%18.1K-522.4K-7.6K0.0025.920403,1762,532
2012-08-15$12.10$11.2520.8%6.4%44.2%7.1%22.3%6.5%3.9%20.5K-702.6K-7.7K0.0039.124003,1762,572
2012-08-16$12.27$11.2523.4%6.7%44.1%9.8%23.4%7.2%2.6%27.2K-908.1K-7.8K0.7740.7252403,2162,572
2012-08-17$12.45$11.2521.9%6.3%43.9%8.1%21.9%7.6%3.2%18.6K-1.2M-7.8K0.0828.5310483,2682,612
2012-08-20$12.41$11.2522.4%6.4%43.6%8.7%22.4%7.0%2.9%44.9K-755.6K-7.7K0.2528.80160402,6522,016
2012-08-21$12.39$11.2521.2%6.1%42.3%7.5%21.2%6.3%3.7%52.9K-798.2K-8.0K0.0033.1416402,7722,056
2012-08-22$12.35$11.2521.5%6.2%23.1%7.7%0.0%6.0%3.6%54.0K-752.4K-7.9K0.0033.2201002,8122,056
2012-08-23$12.41$11.2521.6%6.2%19.2%7.8%21.5%6.5%3.5%52.0K-755.4K-8.1K0.0032.1812802,8122,156
2012-08-24$12.39$11.2520.9%6.0%17.5%7.2%20.9%-0.3%4.2%53.7K-751.5K-7.9K0.0038.0823202,8202,156
2012-08-27$12.56$11.2520.3%5.8%16.7%6.5%20.3%1.4%5.0%77.9K-1.1M-8.0K0.9138.2244403,0002,156
2012-08-28$12.65$11.2521.3%6.1%16.6%7.6%21.3%3.6%4.1%77.5K-1.2M-8.2K0.8737.9292803,0442,196
2012-08-29$12.55$11.2520.2%5.8%15.2%6.4%20.2%1.5%5.2%81.1K-1.1M-8.4K0.0037.174003,1362,276
2012-08-30$12.55$11.2520.3%5.8%15.2%6.6%20.3%1.7%5.1%86.6K-1.1M-8.4K0.0037.540203,1762,276
2012-08-31$12.64$11.2520.7%5.9%14.0%7.0%0.0%2.7%6.9%87.8K-1.3M-8.5K1.0023.901001003,1762,276