MANH Options History — July 2013

In July 2013, MANH traded between $19.85 and $22.09. ATM implied volatility averaged 24.5%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 1.6% (HV 20d: 22.8%). Max pain ranged from $18.75 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.93.

Notable Days

  • 2013-07-05: Highest Volume — 584 contracts
  • 2013-07-11: Largest IV spike — 70.4% change
  • 2013-07-22: Highest IV Rank — 68.4%
  • 2013-07-22: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.82$19.85$22.09$19.93$22.09
Max Pain$19.43$18.75$20.00$18.75$20.00
ATM IV24.5%16.1%33.2%22.6%20.4%
Expected Move7.5%4.9%9.5%6.5%5.9%
HV 20d22.8%20.7%26.1%21.7%25.9%
HV 60d22.2%21.0%23.0%22.0%21.5%
IV Rank40.5%13.6%68.4%34.4%27.6%
IV Percentile54.5%5.6%94.4%46.0%30.2%
Term Structure-0.5%-5.9%7.6%4.4%0.9%
VWIV27.5%20.2%37.9%22.6%20.2%
Skew 25d5.9%1.5%9.3%9.3%4.7%
Skew 10d12.6%4.7%48.6%11.5%6.1%
Call IV 25d23.9%16.4%31.5%16.4%19.5%
Put IV 25d29.8%21.3%37.7%25.8%24.1%
Bid-Ask Spread %88.4671.39102.3494.5097.42
Gamma HHI0.330.190.520.500.22
Net GEX119.1K43.1K189.7K154.0K108.4K
Net DEX-3.9M-5.4M-1.9M-2.7M-4.5M
Net VEX-25.5K-27.7K-23.3K-27.7K-24.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.0014.000.150.00
Total Volume181.27305849260
Total OI8,741.4556,83210,3328,8128,116

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-07-01$19.93$18.7522.6%6.5%21.7%34.4%22.6%9.3%4.4%154.0K-2.7M-27.7K0.1594.5080124,1644,648
2013-07-02$19.85$18.7521.9%6.3%21.8%32.1%21.9%7.5%6.3%167.5K-2.6M-27.5K1.1394.8832364,2444,648
2013-07-03$20.05$18.7522.6%6.5%21.6%34.5%22.6%9.3%7.6%174.7K-3.1M-27.3K0.0094.212804,2444,684
2013-07-05$20.80$18.7520.0%8.0%24.1%26.2%27.8%5.3%-0.7%153.4K-4.8M-25.1K0.4371.934081764,2444,684
2013-07-08$20.75$18.7519.4%8.0%23.6%24.2%27.7%5.6%-1.2%171.2K-4.7M-25.9K0.0073.9618804,5204,840
2013-07-09$20.65$18.7516.9%8.1%23.9%16.3%0.0%3.6%-1.6%185.2K-4.6M-25.9K0.0078.78004,5684,840
2013-07-10$20.72$18.7516.1%7.9%23.3%13.6%27.6%5.1%-1.6%189.7K-4.8M-25.5K3.0076.31601804,5684,840
2013-07-11$20.73$18.7527.4%7.9%23.4%49.9%0.0%4.8%-1.2%166.3K-4.8M-25.5K0.0075.14804,5925,020
2013-07-12$20.76$18.7527.8%8.0%22.9%51.2%0.0%5.1%-1.4%153.0K-5.0M-25.1K2.0076.201002004,5965,020
2013-07-15$20.95$18.7528.1%8.1%22.9%52.1%31.3%4.7%-2.0%78.5K-5.4M-24.3K0.0271.3920444,6965,220
2013-07-16$20.85$20.0028.3%8.1%22.4%52.6%27.7%5.2%-1.4%98.9K-5.4M-25.3K7.0087.414284,8965,224
2013-07-17$20.56$20.0030.0%8.6%22.7%58.2%28.7%4.7%-1.8%152.7K-4.8M-25.4K0.8487.9676644,8965,252
2013-07-18$20.79$20.0029.1%8.3%22.1%55.3%26.3%5.5%-5.3%151.2K-5.0M-25.9K0.0993.34176164,9445,268
2013-07-19$20.66$20.0029.3%8.4%20.7%55.8%37.9%7.5%-1.3%103.3K-5.2M-25.6K14.0090.874565,0485,284
2013-07-22$20.52$20.0033.2%9.5%21.0%68.4%31.5%4.9%-5.3%45.4K-1.9M-25.4K0.0094.250363,3523,480
2013-07-23$20.70$20.0032.6%9.4%21.1%66.6%35.5%6.3%-5.9%47.4K-1.9M-25.2K3.8087.45803043,3523,496
2013-07-24$21.06$20.0024.9%7.1%21.7%41.7%25.3%9.2%-2.1%43.1K-2.5M-25.4K1.6099.391201923,3923,800
2013-07-25$21.57$20.0023.4%6.7%21.5%37.1%0.0%3.5%3.8%65.5K-3.0M-25.0K0.14102.34144203,4723,756
2013-07-26$21.00$20.0022.4%6.4%24.2%33.9%25.1%8.7%1.4%67.3K-2.8M-25.0K1.87100.81601123,6163,776
2013-07-29$21.10$20.0025.0%7.2%24.0%42.3%28.0%8.0%-2.2%61.6K-2.5M-25.0K2.0999.8744923,6363,812
2013-07-30$22.05$20.0017.2%4.9%26.1%17.1%20.2%1.5%0.0%81.6K-4.0M-23.3K0.4797.813961883,6803,884
2013-07-31$22.09$20.0020.4%5.9%25.9%27.6%0.0%4.7%0.9%108.4K-4.5M-24.6K0.0097.426004,0724,044