MANH Options History — January 2013

In January 2013, MANH traded between $15.44 and $17.27. ATM implied volatility averaged 27.1%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 1.7% (HV 20d: 25.4%). Max pain ranged from $13.75 to $16.25. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2013-01-30: Highest Volume — 2,880 contracts
  • 2013-01-10: Largest IV spike — 69.7% change
  • 2013-01-29: Highest IV Rank — 38.7%
  • 2013-01-29: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.98$15.44$17.27$15.76$17.13
Max Pain$14.94$13.75$16.25$13.75$16.25
ATM IV27.1%16.4%36.3%17.0%21.7%
Expected Move8.3%4.9%10.4%4.9%6.2%
HV 20d25.4%22.3%35.5%22.3%33.0%
HV 60d27.7%26.6%30.7%28.6%30.7%
IV Rank23.7%6.5%38.7%7.4%15.1%
IV Percentile40.3%2.0%77.8%2.0%13.5%
Term Structure-1.7%-8.2%9.0%9.0%0.8%
VWIV31.0%18.7%45.0%18.7%22.2%
Skew 25d5.5%0.6%15.9%0.6%4.6%
Skew 10d15.2%3.0%68.8%3.0%6.9%
Call IV 25d27.1%14.7%35.4%18.7%20.2%
Put IV 25d32.6%19.3%41.3%19.3%24.8%
Bid-Ask Spread %81.9266.04102.17102.1791.73
Gamma HHI0.410.310.690.370.32
Net GEX145.9K85.9K315.8K87.1K111.1K
Net DEX-4.7M-7.2M-2.3M-5.1M-4.3M
Net VEX-11.7K-13.2K-9.1K-10.6K-10.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.005.330.060.26
Total Volume344.952322,880752232
Total OI9,608.3816,32812,2929,7968,048

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-01-02$15.76$13.7517.0%4.9%22.3%7.4%18.7%0.6%9.0%87.1K-5.1M-10.6K0.06102.17712404,8284,968
2013-01-03$15.45$13.7520.3%5.8%23.7%12.8%0.0%5.7%9.0%129.5K-4.6M-12.3K0.55101.752841565,4325,008
2013-01-04$15.44$15.0019.1%8.6%23.3%10.8%0.0%4.4%-0.8%129.1K-4.7M-13.2K0.0075.490405,7165,164
2013-01-07$15.56$15.0022.0%8.7%23.4%15.5%32.1%4.7%-0.6%132.9K-5.0M-12.7K1.0074.8340405,7165,204
2013-01-08$15.80$15.0016.4%8.1%23.7%6.5%0.0%5.3%-1.0%149.8K-5.6M-11.9K0.0076.7828405,7565,244
2013-01-09$15.96$15.0017.1%8.1%23.4%7.6%0.0%4.2%-1.1%187.5K-6.2M-11.5K0.0276.2416445,9925,244
2013-01-10$15.91$15.0029.0%8.3%23.5%27.0%29.1%4.2%-1.5%219.5K-6.1M-11.8K0.0077.5520806,1565,244
2013-01-11$16.23$15.0029.3%8.4%23.6%27.4%30.3%5.1%-1.4%278.3K-7.1M-11.3K1.0476.913683846,3085,244
2013-01-14$16.23$15.0030.0%8.6%23.4%28.5%30.0%4.5%-1.7%315.8K-7.2M-12.5K2.7877.01361006,6365,524
2013-01-15$15.84$15.0030.3%8.7%25.8%29.0%29.3%4.3%-2.4%182.7K-5.9M-12.6K0.0081.214806,6525,564
2013-01-16$15.67$15.0030.5%8.8%26.4%29.4%30.5%4.7%-2.6%161.6K-5.5M-12.7K0.2578.8048126,7005,564
2013-01-17$15.74$15.0030.3%8.7%26.4%29.1%31.2%4.7%-2.5%171.5K-5.7M-12.5K0.0081.285206,6765,576
2013-01-18$15.74$15.0030.1%8.6%26.0%28.7%0.0%5.2%-1.8%146.2K-5.7M-12.4K0.0082.648006,7165,576
2013-01-22$15.98$15.0032.0%9.2%26.2%31.7%35.7%5.6%-4.6%94.8K-2.5M-11.2K5.3379.9712643,4482,880
2013-01-23$15.93$15.0032.7%9.4%25.6%32.9%45.0%5.2%-5.1%92.0K-2.5M-11.3K0.0082.050403,4602,916
2013-01-24$15.87$15.0033.3%9.5%24.6%33.9%37.4%5.4%-5.9%85.9K-2.3M-12.1K0.0082.830403,4602,924
2013-01-25$16.09$15.0034.0%9.8%24.5%35.0%34.3%15.9%-6.2%94.0K-2.6M-11.4K0.0087.553203,4602,924
2013-01-28$15.97$15.0035.7%10.2%24.7%37.7%0.0%7.4%-7.6%96.5K-2.6M-10.8K0.4785.1768323,4802,924
2013-01-29$15.97$15.0036.3%10.4%24.4%38.7%38.5%5.9%-8.2%96.2K-2.5M-11.1K0.8482.334043403,5442,948
2013-01-30$17.27$15.0021.1%6.1%35.5%14.1%21.3%7.7%0.2%101.8K-4.7M-9.1K0.6866.041,7121,1683,7163,236
2013-01-31$17.13$16.2521.7%6.2%33.0%15.1%22.2%4.6%0.8%111.1K-4.3M-10.5K0.2691.73184484,2923,756