MANH Options History — April 2014

In April 2014, MANH traded between $31.11 and $36.22. ATM implied volatility averaged 35.8%, placing in the 64.4% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded below realized volatility by 0.6% (HV 20d: 36.4%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.32.

Notable Days

  • 2014-04-23: Highest Volume — 465 contracts
  • 2014-04-24: Largest IV spike — 33.8% change
  • 2014-04-11: Highest IV Rank — 87.5%
  • 2014-04-11: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.31$31.11$36.22$35.90$31.53
Max Pain$34.05$30.00$35.00$30.00$35.00
ATM IV35.8%28.8%43.9%28.8%36.5%
Expected Move10.5%8.3%12.6%8.3%10.5%
HV 20d36.4%29.8%40.4%36.5%34.6%
HV 60d33.8%32.1%35.7%33.0%34.3%
IV Rank64.4%44.3%87.5%44.3%66.4%
IV Percentile92.1%77.8%99.6%77.8%92.1%
Term Structure-1.2%-7.5%8.0%7.3%-2.1%
VWIV34.4%20.5%41.6%29.3%34.1%
Skew 25d10.1%5.0%16.8%5.9%12.5%
Skew 10d18.3%-5.8%38.6%7.7%37.0%
Call IV 25d31.9%24.6%42.8%28.5%24.6%
Put IV 25d42.1%33.4%50.5%34.4%37.1%
Bid-Ask Spread %92.8380.31100.0896.5583.00
Gamma HHI0.230.170.350.210.24
Net GEX155.2K48.6K226.5K213.5K120.5K
Net DEX-5.7M-10.8M-1.6M-10.4M-1.6M
Net VEX-22.7K-27.7K-19.3K-27.7K-19.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.008.330.480.51
Total Volume137.2381146562196
Total OI8,350.5714,09310,58610,3745,491

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-04-01$35.90$30.0028.8%8.3%36.5%44.3%29.3%5.9%7.3%213.5K-10.4M-27.7K0.4896.5542205,6734,701
2014-04-02$36.22$30.0029.2%8.4%36.8%45.4%28.6%5.4%8.0%226.5K-10.8M-27.5K0.2593.1656145,6704,721
2014-04-03$35.46$30.0029.8%8.5%37.0%47.1%28.1%5.4%6.2%215.3K-9.8M-27.0K0.0487.782315,6904,732
2014-04-04$34.03$35.0032.1%10.0%38.9%53.7%35.0%7.6%-0.1%183.1K-7.8M-26.5K0.5592.8753295,6914,732
2014-04-07$33.10$35.0036.5%10.7%39.4%66.2%37.0%9.0%-0.3%173.1K-6.4M-24.4K0.3892.4945175,7124,746
2014-04-08$33.32$35.0031.9%10.5%39.4%53.3%36.5%12.5%-1.4%161.1K-6.7M-24.2K1.0094.8320205,7144,751
2014-04-09$33.69$35.0030.2%10.3%39.9%48.3%35.9%14.4%-1.8%157.8K-7.2M-23.9K0.5096.001055,7244,766
2014-04-10$32.83$35.0037.5%10.8%40.4%69.2%0.0%11.1%-1.2%145.7K-6.2M-22.8K8.3397.709755,7294,769
2014-04-11$32.25$35.0043.9%12.6%39.4%87.5%0.0%5.5%-7.5%139.6K-5.4M-22.5K0.0090.380115,7294,844
2014-04-14$32.53$35.0039.7%11.4%39.0%75.5%37.3%8.9%-2.0%86.8K-5.7M-20.8K0.4198.531775,7294,840
2014-04-15$32.58$35.0038.6%11.1%39.0%72.2%0.0%13.1%-1.0%48.6K-5.9M-21.0K0.94100.0850475,7444,842
2014-04-16$33.34$35.0036.9%10.6%32.9%67.5%36.9%11.5%-3.4%96.9K-6.8M-21.6K0.0095.0710505,6954,799
2014-04-17$34.03$35.0036.4%10.5%33.6%66.1%36.5%16.8%-2.1%144.7K-7.7M-21.8K0.1595.94101155,7094,799
2014-04-21$33.79$35.0038.0%10.9%33.5%70.7%41.6%14.0%-4.4%165.4K-3.9M-22.1K1.2386.051471813,279814
2014-04-22$34.25$35.0038.8%11.1%29.9%72.9%38.6%8.2%-4.7%171.7K-4.0M-21.8K0.1380.31282363,426992
2014-04-23$34.28$30.0030.1%8.6%29.8%47.9%30.1%10.4%0.3%212.2K-4.5M-21.9K0.0895.86430353,6501,013
2014-04-24$32.24$35.0040.2%11.5%36.5%76.9%36.6%9.1%0.3%173.0K-2.7M-19.3K1.7099.45811383,8111,039
2014-04-25$31.77$35.0040.4%11.6%36.4%77.3%38.0%5.0%-6.5%166.9K-2.4M-20.3K0.6595.68136893,8781,149
2014-04-28$31.26$35.0039.1%11.2%36.1%73.6%39.1%13.4%-4.5%137.4K-1.9M-20.2K1.0693.27951013,9851,228
2014-04-29$31.11$35.0037.6%10.8%35.6%69.5%20.5%12.7%-3.5%118.6K-1.6M-19.6K7.9484.33161274,0351,321
2014-04-30$31.53$35.0036.5%10.5%34.6%66.4%34.1%12.5%-2.1%120.5K-1.6M-19.6K0.5183.00130664,0441,447