MANH Options History — May 2013

In May 2013, MANH traded between $17.07 and $19.06. ATM implied volatility averaged 18.1%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 6.7% (HV 20d: 24.8%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 2.70.

Notable Days

  • 2013-05-28: Highest Volume — 1,116 contracts
  • 2013-05-06: Largest IV drop — 36.4% change
  • 2013-05-30: Highest IV Rank — 20.5%
  • 2013-05-09: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.25$17.07$19.06$17.07$18.76
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV18.1%13.3%22.0%21.9%19.5%
Expected Move5.6%5.1%6.4%6.3%5.6%
HV 20d24.8%18.1%27.2%18.1%20.7%
HV 60d21.2%19.2%22.4%19.2%21.0%
IV Rank14.0%2.7%20.5%18.5%19.0%
IV Percentile10.8%1.2%28.2%27.0%15.1%
Term Structure1.3%-0.5%2.5%-0.2%0.7%
VWIV19.7%12.5%26.9%22.0%12.5%
Skew 25d5.9%2.6%10.3%3.0%7.1%
Skew 10d9.5%3.0%17.3%5.4%11.2%
Call IV 25d16.2%12.6%20.7%20.7%14.9%
Put IV 25d22.0%19.1%24.5%23.7%22.0%
Bid-Ask Spread %93.1787.0799.9795.5496.63
Gamma HHI0.280.190.410.190.32
Net GEX31.8K-18.7K103.5K-18.7K103.5K
Net DEX-660.4K-1.3M323.4K323.4K-1.2M
Net VEX-8.7K-15.8K-6.6K-6.6K-15.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.700.0021.000.505.00
Total Volume187.27301,1166024
Total OI4,040.5453,4206,0923,5566,092

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-05-01$17.07$17.5021.9%6.3%18.1%18.5%0.0%3.0%-0.2%-18.7K323.4K-6.6K0.5095.5440201,5961,960
2013-05-02$17.84$17.5022.0%6.3%24.5%18.6%22.0%10.3%0.4%-2.6K-128.4K-7.1K0.0099.512001,6161,980
2013-05-03$17.61$17.5020.9%6.0%24.8%16.7%0.0%3.1%1.1%-10.5K-21.9K-6.9K1.2099.971001201,5961,980
2013-05-06$18.20$17.5013.3%5.5%27.2%2.7%0.0%7.2%2.0%14.2K-469.7K-7.5K0.0088.739601,6962,092
2013-05-07$18.20$17.5015.0%5.6%27.2%5.7%22.4%6.6%1.0%17.1K-584.4K-7.7K0.2087.892041,7922,092
2013-05-08$18.21$17.5015.8%5.5%26.8%7.4%0.0%6.0%0.9%18.5K-600.8K-7.6K0.0087.074001,8122,096
2013-05-09$18.12$17.5014.3%6.4%26.9%4.6%22.0%6.2%-0.5%13.3K-580.5K-7.5K11.0089.074441,7722,096
2013-05-10$18.29$17.5015.4%5.5%27.0%6.6%26.9%6.5%1.6%19.7K-672.7K-7.6K0.0089.730321,7722,140
2013-05-13$18.16$17.5017.2%5.7%25.0%9.8%0.0%2.6%1.1%11.5K-575.2K-7.2K0.0092.75081,7722,140
2013-05-14$18.20$17.5016.6%5.6%24.7%11.6%0.0%5.1%2.0%14.7K-605.3K-7.3K0.4590.0544201,7722,148
2013-05-15$18.16$17.5019.6%5.7%24.1%19.1%0.0%4.9%1.4%12.2K-589.8K-7.4K0.0089.65001,8002,168
2013-05-16$18.31$17.5018.8%5.4%24.2%17.2%18.7%5.0%2.5%23.1K-704.9K-7.3K0.0091.7526801,8002,168
2013-05-17$18.60$17.5018.8%5.4%24.6%17.2%18.9%7.3%1.9%61.8K-979.0K-7.7K0.0093.4612801,9362,168
2013-05-20$18.45$17.5018.8%5.4%24.9%17.1%18.8%5.9%1.3%35.2K-716.1K-7.7K0.2794.0744121,7041,716
2013-05-21$18.50$17.5018.5%5.3%24.5%16.5%18.5%7.3%2.2%40.8K-832.9K-7.8K0.0093.6736401,7281,704
2013-05-22$18.35$17.5018.1%5.2%24.9%15.4%0.0%5.6%1.6%55.2K-905.5K-9.1K0.0094.030642,0921,704
2013-05-23$18.21$17.5017.8%5.1%25.1%14.6%0.0%4.2%1.8%47.8K-745.0K-9.2K1.3394.3312162,0921,768
2013-05-24$18.17$17.5018.2%5.2%25.1%15.8%18.3%4.3%1.6%45.4K-697.9K-9.0K0.1094.45276282,1001,776
2013-05-28$18.54$17.5018.5%5.3%25.6%16.5%18.6%6.9%2.0%79.4K-1.2M-9.6K7.4594.831329842,3001,780
2013-05-29$18.56$17.5018.8%5.4%25.6%17.1%18.8%5.0%1.6%62.0K-839.9K-13.9K21.0095.0681682,3402,760
2013-05-30$19.06$17.5020.2%5.8%24.3%20.5%19.6%9.4%1.1%56.1K-1.3M-14.4K0.1197.438801002,3482,928
2013-05-31$18.76$17.5019.5%5.6%20.7%19.0%12.5%7.1%0.7%103.5K-1.2M-15.8K5.0096.634203,0643,028