MANH Options History — March 2014

In March 2014, MANH traded between $34.67 and $40.49. ATM implied volatility averaged 27.7%, placing in the 41.9% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 5.2% (HV 20d: 32.9%). Max pain ranged from $28.75 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2014-03-19: Highest Volume — 1,435 contracts
  • 2014-03-04: Largest IV drop — 20.6% change
  • 2014-03-03: Highest IV Rank — 53.5%
  • 2014-03-03: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.94$34.67$40.49$37.24$35.03
Max Pain$30.24$28.75$35.00$35.00$30.00
ATM IV27.7%22.9%31.3%31.3%30.1%
Expected Move8.0%7.1%9.0%9.0%8.6%
HV 20d32.9%26.0%42.7%26.0%39.2%
HV 60d28.9%26.2%32.8%26.4%32.8%
IV Rank41.9%27.5%53.5%53.5%48.1%
IV Percentile75.5%45.6%86.9%86.9%82.9%
Term Structure3.7%-3.3%6.4%-3.3%6.4%
VWIV28.8%21.1%33.0%31.4%29.2%
Skew 25d5.3%-3.8%11.6%4.2%6.0%
Skew 10d11.9%-3.9%37.4%37.4%9.4%
Call IV 25d26.9%19.3%32.8%27.9%29.0%
Put IV 25d32.1%23.5%35.3%32.0%35.0%
Bid-Ask Spread %78.4328.8097.3584.9689.73
Gamma HHI0.280.180.420.200.19
Net GEX231.6K197.8K270.7K206.3K199.1K
Net DEX-12.5M-15.9M-8.6M-11.1M-9.2M
Net VEX-24.1K-29.2K-19.5K-20.1K-27.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.003.780.210.02
Total Volume234.048271,43525699
Total OI9,250.3818,03610,3168,03610,316

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-03-03$37.24$35.0031.3%9.0%26.0%53.5%31.4%4.2%-3.3%206.3K-11.1M-20.1K0.2184.96211454,0793,957
2014-03-04$38.94$35.0024.9%7.1%28.6%35.8%25.0%8.0%1.0%205.6K-13.1M-19.5K0.4491.72159704,2523,992
2014-03-05$38.65$35.0024.9%7.2%28.8%35.9%0.0%7.8%2.9%209.5K-12.9M-19.8K0.0328.80336114,3194,054
2014-03-06$38.98$35.0026.7%7.6%28.5%40.6%0.0%-3.8%-1.8%224.1K-13.6M-22.1K3.7897.359344,5404,065
2014-03-07$39.21$28.7524.4%7.2%27.3%34.4%21.1%3.0%4.9%231.2K-13.8M-21.5K0.6936.9616114,5374,094
2014-03-10$39.35$28.7525.6%7.4%27.2%37.8%26.4%-2.5%4.9%233.7K-13.9M-21.1K1.0886.7149534,5334,105
2014-03-11$39.59$28.7524.3%7.3%26.6%31.3%28.5%5.1%5.4%244.2K-14.3M-21.1K0.0084.995104,5794,148
2014-03-12$39.62$28.7522.9%7.3%26.7%27.5%27.5%10.7%5.3%246.6K-14.3M-20.7K0.0094.9522604,5774,148
2014-03-13$39.22$28.7526.4%7.6%27.5%37.3%26.7%8.7%5.0%265.1K-14.2M-22.6K0.0639.538354,7774,148
2014-03-14$39.85$28.7526.9%7.7%27.1%39.0%30.9%11.0%4.1%270.7K-14.8M-23.1K0.0795.78337254,8134,153
2014-03-17$40.41$28.7526.7%7.6%26.7%38.2%26.7%11.6%4.7%269.3K-15.7M-21.8K0.0895.08225184,8484,178
2014-03-18$40.49$28.7526.2%7.5%26.8%36.9%26.2%9.7%4.7%269.8K-15.9M-22.6K0.2796.6989244,9404,196
2014-03-19$37.60$28.7530.6%8.8%39.7%49.4%31.5%5.9%3.2%241.7K-12.4M-24.5K0.3084.321,1053304,9574,220
2014-03-20$38.09$28.7530.1%8.6%39.2%48.0%30.2%-0.4%3.8%253.0K-13.5M-28.4K0.5288.27152795,5844,456
2014-03-21$37.61$28.7528.3%8.1%39.3%42.8%29.7%3.3%4.8%248.4K-13.0M-28.2K0.2951.1342125,6374,486
2014-03-24$35.82$28.7530.0%8.6%42.7%47.6%33.0%4.0%5.1%211.0K-9.9M-28.0K1.5649.142654145,3494,413
2014-03-25$35.62$30.0030.6%8.8%42.6%49.4%30.2%4.8%3.6%211.2K-9.8M-28.7K0.7388.2456415,5374,604
2014-03-26$35.24$30.0029.2%8.4%42.4%45.5%30.4%2.0%5.5%212.2K-9.6M-29.2K0.3889.4445175,5564,632
2014-03-27$35.47$30.0031.0%8.9%38.7%50.7%31.1%5.8%3.7%213.9K-9.6M-28.6K1.1888.4134405,5774,649
2014-03-28$34.67$30.0030.5%8.8%39.2%49.2%30.7%5.9%3.8%197.8K-8.6M-27.5K1.4984.8339585,6004,653
2014-03-31$35.03$30.0030.1%8.6%39.2%48.1%29.2%6.0%6.4%199.1K-9.2M-27.7K0.0289.739725,6174,699