MANH Options History — October 2012

In October 2012, MANH traded between $13.91 and $15.45. ATM implied volatility averaged 32.1%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 7.3% (HV 20d: 24.8%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 3.18.

Notable Days

  • 2012-10-16: Highest Volume — 2,592 contracts
  • 2012-10-03: Largest IV spike — 48.7% change
  • 2012-10-09: Highest IV Rank — 31.0%
  • 2012-10-03: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.77$13.91$15.45$14.34$15.00
Max Pain$14.05$12.50$15.00$12.50$15.00
ATM IV32.1%25.1%43.1%28.5%28.1%
Expected Move8.7%7.2%11.0%8.2%8.1%
HV 20d24.8%21.1%27.2%24.3%25.8%
HV 60d27.5%21.4%31.0%31.0%21.8%
IV Rank19.9%12.9%31.0%16.3%15.9%
IV Percentile42.2%15.9%75.8%26.6%29.0%
Term Structure-2.3%-8.4%5.6%-1.7%5.6%
VWIV29.2%17.0%38.4%28.6%28.6%
Skew 25d5.0%1.5%10.1%2.6%5.7%
Skew 10d9.3%-0.8%25.1%2.3%-0.8%
Call IV 25d27.3%20.2%35.6%25.9%21.9%
Put IV 25d32.3%26.5%38.5%28.5%27.5%
Bid-Ask Spread %67.2423.08111.9323.08111.93
Gamma HHI0.560.370.820.370.48
Net GEX124.1K64.4K231.8K121.7K65.6K
Net DEX-4.1M-8.6M-1.9M-3.4M-3.2M
Net VEX-19.1K-20.6K-17.7K-17.7K-18.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.180.0023.331.305.58
Total Volume524.76202,59268080
Total OI11,063.2389,12014,2809,1209,620

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-10-01$14.34$12.5028.5%8.2%24.3%16.3%28.6%2.6%-1.7%121.7K-3.4M-17.7K1.3023.082963845,2043,916
2012-10-02$14.39$12.5025.9%7.4%24.2%13.6%0.0%3.5%-2.6%123.8K-3.6M-18.2K0.0024.800525,3924,092
2012-10-03$14.33$12.5038.5%11.0%24.5%26.4%38.4%1.5%-7.0%105.8K-3.3M-18.9K0.6131.371,0366325,3924,132
2012-10-04$14.64$13.7535.3%10.1%24.1%23.1%35.5%9.5%-7.5%148.5K-4.3M-19.7K0.4131.753201326,1764,492
2012-10-05$14.62$13.7537.1%8.2%24.0%24.9%17.0%5.6%-1.9%161.1K-4.4M-20.6K2.6636.643088206,4844,624
2012-10-08$14.37$13.7539.5%9.0%24.7%27.4%0.0%5.0%-1.9%153.4K-3.5M-20.3K0.5429.253281766,6884,860
2012-10-09$13.91$13.7543.1%9.3%27.2%31.0%31.1%5.9%-3.2%131.1K-1.9M-20.2K0.4233.975042126,8764,964
2012-10-10$14.06$13.7542.3%9.3%26.8%30.2%32.5%6.9%-3.4%121.7K-2.1M-20.2K0.8334.6172606,6525,176
2012-10-11$14.21$13.7532.7%9.4%22.1%20.5%32.8%5.1%-3.7%129.0K-2.6M-20.2K23.3334.72122806,6445,236
2012-10-12$14.29$13.7533.2%9.5%21.1%21.0%0.0%7.8%-4.8%132.0K-2.8M-20.1K0.0087.98006,6565,416
2012-10-15$14.52$13.7532.3%9.3%21.6%20.1%31.4%10.1%-5.2%141.9K-3.6M-19.0K0.0089.5530806,6565,416
2012-10-16$14.83$13.7536.3%10.4%22.8%24.2%36.9%1.6%-8.4%166.1K-4.9M-19.0K1.1797.861,1921,4006,9605,416
2012-10-17$15.45$13.7527.5%7.9%26.3%15.2%26.1%2.7%-0.6%209.7K-8.6M-17.9K2.1189.024248967,6086,240
2012-10-18$15.33$15.0028.1%8.0%26.5%15.8%20.3%2.3%-1.6%231.8K-8.0M-18.9K0.4891.58184887,6926,572
2012-10-19$15.42$15.0029.8%8.5%26.4%17.5%29.2%6.2%-3.1%111.9K-8.4M-18.5K1.4791.491362007,6726,608
2012-10-22$15.33$15.0027.7%7.9%26.5%15.4%27.4%2.6%-0.3%64.4K-3.6M-18.6K0.0095.198404,6084,588
2012-10-23$15.25$15.0025.1%7.2%26.5%12.9%26.2%3.0%3.1%76.9K-3.4M-18.8K10.0090.478804,6804,588
2012-10-24$15.24$15.0027.7%7.9%25.8%15.4%0.0%4.9%-0.4%71.5K-3.4M-19.0K0.0087.82004,6884,668
2012-10-25$15.38$15.0028.7%8.2%24.6%16.5%25.6%6.3%-2.4%72.2K-3.7M-18.4K5.58103.72482684,6884,668
2012-10-26$15.29$15.0026.3%7.5%24.6%14.1%0.0%5.9%2.4%66.7K-3.4M-18.9K0.0095.33004,7284,892
2012-10-31$15.00$15.0028.1%8.1%25.8%15.9%28.6%5.7%5.6%65.6K-3.2M-18.4K0.00111.930804,7284,892