MANH Options History — January 2014

In January 2014, MANH traded between $29.39 and $33.91. ATM implied volatility averaged 31.1%, placing in the 75.5% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 6.1% (HV 20d: 24.9%). Max pain ranged from $25.00 to $31.25. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2014-01-06: Highest Volume — 1,136 contracts
  • 2014-01-13: Largest IV spike — 49.1% change
  • 2014-01-27: Highest IV Rank — 100.0%
  • 2014-01-31: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.85$29.39$33.91$29.39$33.72
Max Pain$30.54$25.00$31.25$25.00$31.25
ATM IV31.1%23.0%40.0%24.2%40.0%
Expected Move9.3%6.7%11.5%6.9%11.5%
HV 20d24.9%20.6%31.2%20.6%31.2%
HV 60d31.8%24.0%37.3%36.3%26.3%
IV Rank75.5%44.7%100.0%49.5%100.0%
IV Percentile85.1%56.3%100.0%68.3%100.0%
Term Structure-1.8%-7.9%6.6%6.3%-7.9%
VWIV32.5%16.3%41.6%26.3%41.6%
Skew 25d5.7%3.5%10.3%3.5%9.2%
Skew 10d15.4%9.7%27.2%10.8%27.2%
Call IV 25d30.6%23.6%36.0%23.8%36.0%
Put IV 25d36.3%27.3%45.1%27.3%45.1%
Bid-Ask Spread %76.8844.56100.0591.0981.67
Gamma HHI0.240.160.460.170.16
Net GEX192.2K53.9K517.9K116.7K145.0K
Net DEX-9.0M-14.6M-2.8M-7.8M-8.1M
Net VEX-30.0K-32.8K-7.9K-31.4K-31.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.001.350.821.04
Total Volume279.524301,136284222
Total OI11,550.193,76915,40413,8968,750

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-01-02$29.39$25.0024.2%6.9%20.6%49.5%26.3%3.5%6.3%116.7K-7.8M-31.4K0.8291.091561285,8128,084
2014-01-03$29.74$25.0023.3%6.7%20.6%46.0%23.6%3.7%6.6%134.6K-8.7M-31.7K0.0095.258005,9608,160
2014-01-06$31.01$28.7523.1%8.3%25.4%45.1%29.0%3.8%-1.9%225.3K-11.6M-30.0K0.9165.175965406,0208,160
2014-01-07$30.84$31.2523.0%8.4%22.5%44.7%29.3%5.2%-2.7%179.6K-9.9M-31.9K0.3956.74216845,9368,660
2014-01-08$30.50$31.2525.2%8.7%22.8%53.5%31.4%5.8%-1.4%135.2K-9.1M-32.0K0.7762.44104806,1488,728
2014-01-09$30.27$31.2524.1%8.6%22.0%48.9%16.3%5.0%-1.6%102.3K-8.7M-32.6K0.6160.7572446,2488,768
2014-01-10$30.45$31.2524.7%8.7%21.6%51.3%29.3%4.8%-1.8%144.7K-9.3M-31.8K1.1865.651802126,2648,812
2014-01-13$31.26$31.2536.8%9.0%23.3%99.8%29.7%5.1%1.7%53.9K-2.8M-7.9K0.41100.054822001,5662,203
2014-01-14$31.14$31.2524.3%9.5%23.2%49.9%33.1%6.2%-2.1%273.4K-11.6M-32.8K0.3574.613441216,4038,888
2014-01-15$32.04$31.2532.5%8.8%25.0%82.8%32.6%6.6%-2.1%398.8K-13.3M-32.2K0.0744.56368256,4928,912
2014-01-16$32.30$31.2530.9%8.8%24.8%76.1%32.2%6.2%-2.1%324.0K-13.8M-31.5K0.0386.23287106,4548,936
2014-01-17$32.61$31.2532.1%9.2%24.9%81.1%30.4%6.3%-2.9%517.9K-14.6M-31.7K0.1484.37170246,4548,938
2014-01-21$33.15$31.2532.9%9.4%24.2%84.2%32.5%7.8%-3.8%163.8K-7.7M-30.6K0.0082.1210003,9964,181
2014-01-22$33.91$31.2533.6%9.6%24.6%87.0%35.4%10.3%-4.9%169.4K-8.6M-29.1K0.3781.14120444,0534,181
2014-01-23$33.51$31.2535.0%10.0%25.4%92.6%35.6%4.0%-4.9%162.3K-8.3M-29.3K0.9676.0327264,0344,217
2014-01-24$32.70$31.2535.9%10.3%27.5%96.2%36.5%4.7%-5.8%156.0K-7.4M-30.5K0.2278.33139304,0504,243
2014-01-27$32.01$31.2537.5%10.7%28.8%100.0%41.1%7.1%0.4%154.1K-6.5M-31.0K1.3580.9048654,1364,273
2014-01-28$32.25$31.2536.7%10.5%27.1%97.1%39.1%4.3%-0.6%155.0K-6.5M-30.7K0.3478.9567234,1164,324
2014-01-29$32.16$31.2538.0%10.9%26.9%100.0%39.3%4.8%0.4%157.5K-6.6M-30.2K0.5090.5820104,1694,328
2014-01-30$33.79$31.2538.4%11.0%31.1%100.0%38.4%4.5%-7.8%166.6K-8.5M-29.3K0.4177.832881184,1634,334
2014-01-31$33.72$31.2540.0%11.5%31.2%100.0%41.6%9.2%-7.9%145.0K-8.1M-31.9K1.0481.671091134,2984,452