MANH Options History — August 2013

In August 2013, MANH traded between $21.82 and $22.80. ATM implied volatility averaged 21.6%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 4.0% (HV 20d: 25.6%). Max pain ranged from $18.75 to $22.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 3.22.

Notable Days

  • 2013-08-20: Highest Volume — 1,312 contracts
  • 2013-08-08: Largest IV spike — 41.2% change
  • 2013-08-06: Highest IV Rank — 42.8%
  • 2013-08-29: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.35$21.82$22.80$22.41$21.88
Max Pain$21.59$18.75$22.50$20.00$22.50
ATM IV21.6%15.8%25.2%20.4%21.5%
Expected Move6.3%5.7%6.9%5.8%6.2%
HV 20d25.6%23.5%29.1%26.1%24.5%
HV 60d22.8%21.6%24.0%21.6%23.9%
IV Rank31.4%12.6%42.8%27.3%31.0%
IV Percentile41.0%4.8%69.4%28.6%37.7%
Term Structure3.0%-0.1%9.2%1.7%9.2%
VWIV21.0%13.7%24.0%19.8%24.0%
Skew 25d3.5%0.4%7.2%7.0%3.2%
Skew 10d8.5%-0.9%15.8%9.6%7.2%
Call IV 25d21.0%18.5%23.9%18.6%20.7%
Put IV 25d24.5%21.5%26.1%25.6%23.8%
Bid-Ask Spread %93.4382.59102.3298.41102.15
Gamma HHI0.190.160.230.230.17
Net GEX125.9K90.1K170.7K115.5K90.1K
Net DEX-4.9M-5.7M-3.6M-4.9M-3.6M
Net VEX-28.4K-33.9K-24.4K-25.0K-33.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.220.0029.001.6710.00
Total Volume197.091161,3129644
Total OI9,553.4558,17611,0408,17611,040

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-08-01$22.41$20.0020.4%5.8%26.1%27.3%0.0%7.0%1.7%115.5K-4.9M-25.0K1.6798.4136604,1324,044
2013-08-02$22.25$20.0023.2%6.6%23.6%36.3%0.0%6.9%-0.1%109.7K-4.7M-24.4K0.0097.8939604,1404,104
2013-08-05$22.20$18.7522.7%6.1%23.6%34.7%0.0%4.2%2.8%129.9K-4.8M-26.6K0.0083.3412004,5124,104
2013-08-06$22.42$18.7525.2%6.8%23.5%42.8%0.0%2.3%3.1%139.5K-5.2M-25.9K2.0086.2540804,5844,104
2013-08-07$22.16$18.7517.6%6.1%24.2%18.6%19.8%3.6%2.7%150.3K-5.1M-25.9K0.5093.7680404,6244,064
2013-08-08$22.64$18.7524.9%6.5%25.0%41.8%22.0%4.4%3.2%152.5K-5.6M-25.8K0.3586.57184644,7044,064
2013-08-09$22.46$22.5022.9%6.4%25.3%35.3%22.1%2.4%2.5%158.4K-5.6M-26.0K0.0084.630844,8084,128
2013-08-12$22.52$22.5021.3%6.3%25.3%30.2%0.0%4.4%2.0%151.7K-5.5M-25.6K29.0082.5941164,8084,212
2013-08-13$22.62$22.5015.8%5.7%25.1%12.6%0.0%1.6%3.7%156.2K-5.5M-25.7K0.0096.6519204,8124,268
2013-08-14$22.46$22.5018.4%6.1%24.5%21.0%0.0%0.4%3.2%170.7K-5.7M-25.9K2.0692.15641324,9644,268
2013-08-15$21.82$22.5021.5%6.2%27.1%31.0%0.0%5.2%7.8%124.9K-4.5M-26.9K0.00100.3501324,9804,388
2013-08-16$21.98$22.5021.1%6.0%26.9%29.5%0.0%2.5%3.0%114.3K-4.1M-27.2K0.0092.511604,9804,492
2013-08-19$22.11$22.5021.6%6.2%26.7%31.4%0.0%3.9%1.8%112.7K-4.3M-26.1K0.0085.5613604,6604,232
2013-08-20$22.71$22.5021.9%6.3%27.9%32.3%21.6%7.2%2.4%125.3K-5.3M-27.0K5.4395.642041,1084,7964,232
2013-08-21$22.23$22.5020.6%5.9%28.9%28.0%13.7%3.9%3.1%107.4K-4.8M-31.0K1.8294.88881605,0005,304
2013-08-22$22.80$22.5023.2%6.6%29.1%36.2%22.9%2.2%2.2%111.9K-5.4M-31.8K1.56102.32641005,0725,464
2013-08-23$22.70$22.5021.9%6.3%27.1%32.2%21.7%3.1%2.9%112.8K-5.3M-31.8K0.7697.7668525,1125,496
2013-08-26$22.72$22.5020.0%5.7%27.1%26.1%0.0%1.5%2.8%125.2K-5.6M-31.4K2.4297.62761845,1685,528
2013-08-27$22.20$22.5023.4%6.7%24.2%36.9%0.0%2.6%1.9%104.8K-4.5M-32.8K0.3895.4732125,2365,668
2013-08-28$22.11$22.5023.3%6.7%24.3%36.6%0.0%3.1%2.2%100.7K-4.2M-33.8K10.0094.564405,2445,676
2013-08-29$22.26$22.5024.0%6.9%23.8%39.0%24.0%2.0%0.9%105.0K-4.2M-33.4K0.0094.4401245,2445,716
2013-08-30$21.88$22.5021.5%6.2%24.5%31.0%0.0%3.2%9.2%90.1K-3.6M-33.9K0.00102.150445,2445,796