MANH Options History — May 2014

In May 2014, MANH traded between $29.68 and $33.31. ATM implied volatility averaged 33.5%, placing in the 55.1% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 1.1% (HV 20d: 34.6%). 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 8 of 21 days. Put/call ratio averaged 1.17.

Notable Days

  • 2014-05-16: Highest Volume — 449 contracts
  • 2014-05-29: Largest IV spike — 43.5% change
  • 2014-05-12: Highest IV Rank — 86.7%
  • 2014-05-01: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.51$29.68$33.31$31.70$32.46
Max Pain$30.48$30.00$35.00$35.00$30.00
ATM IV33.5%24.5%43.9%37.4%29.9%
Expected Move9.3%7.0%10.7%10.7%8.6%
HV 20d34.6%30.2%39.1%34.4%33.1%
HV 60d35.7%34.2%37.1%34.3%34.6%
IV Rank55.1%27.0%86.7%68.9%43.4%
IV Percentile81.7%47.6%99.2%93.7%71.0%
Term Structure0.4%-4.0%8.4%-4.0%4.0%
VWIV32.4%21.0%40.7%37.7%21.0%
Skew 25d5.8%-3.4%14.9%10.0%6.4%
Skew 10d10.3%-6.6%40.3%40.3%5.3%
Call IV 25d28.6%21.4%34.8%27.8%26.3%
Put IV 25d34.4%27.7%41.3%37.8%32.7%
Bid-Ask Spread %85.9677.5295.0777.5283.06
Gamma HHI0.200.170.240.230.20
Net GEX104.0K8.8K175.1K138.3K147.8K
Net DEX-1.5M-3.2M129.5K-2.0M-2.3M
Net VEX-19.6K-21.9K-18.2K-21.9K-18.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.008.551.480.10
Total Volume121.905234499923
Total OI6,037.0485,6536,5275,6536,028

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$31.70$35.0037.4%10.7%34.4%68.9%37.7%10.0%-4.0%138.3K-2.0M-21.9K1.4877.5240594,1401,513
2014-05-02$31.31$35.0035.9%10.3%34.0%64.7%40.7%14.9%2.7%126.1K-1.5M-20.4K0.5592.96120664,1481,553
2014-05-05$31.34$30.0039.2%10.0%31.5%74.0%0.0%6.0%-3.1%119.8K-1.5M-20.0K0.6982.9875524,2201,599
2014-05-06$30.96$30.0036.5%9.8%30.4%66.3%33.2%5.6%-1.8%110.8K-1.3M-20.2K1.5586.06851324,2821,640
2014-05-07$30.73$30.0035.8%9.7%30.2%63.3%33.7%5.2%-1.6%78.6K-823.5K-20.4K0.3983.3938154,3261,759
2014-05-08$29.68$30.0034.8%9.6%31.5%60.4%33.4%2.5%-0.7%38.1K129.5K-18.3K0.3190.482994,3431,774
2014-05-09$29.78$30.0032.6%9.4%30.8%53.7%32.3%8.0%-0.6%36.6K127.4K-18.3K5.6288.51291634,3461,777
2014-05-12$31.62$30.0043.9%10.0%38.0%86.7%31.5%2.2%-3.1%105.9K-1.4M-20.8K0.2789.1860164,3481,936
2014-05-13$30.91$30.0033.0%9.5%38.6%53.0%33.2%-1.7%-1.0%67.1K-1.0M-20.3K0.2191.6452114,3621,946
2014-05-14$30.40$30.0037.1%9.6%38.9%65.5%33.5%-3.4%-0.3%28.5K-393.3K-19.1K2.5793.49681754,4051,946
2014-05-15$30.43$30.0032.2%9.2%37.6%50.5%0.0%4.4%1.5%8.8K-253.5K-19.1K0.4788.7264304,4382,089
2014-05-16$31.08$30.0032.9%9.4%37.7%52.7%32.9%9.9%-0.5%88.1K-930.1K-18.8K8.5595.07474024,4182,075
2014-05-19$31.87$30.0034.3%9.8%39.1%56.9%30.7%5.3%-1.9%116.2K-1.7M-20.4K0.0391.5512443,9462,015
2014-05-20$31.62$30.0034.1%9.8%38.6%56.5%0.0%6.7%-2.3%106.7K-1.4M-19.6K0.0078.155003,9462,019
2014-05-21$31.77$30.0033.6%9.6%38.7%54.9%33.1%7.5%-2.1%110.7K-1.6M-19.3K0.0778.138063,8972,019
2014-05-22$32.26$30.0027.6%7.9%32.7%36.5%31.9%4.1%7.6%123.5K-2.0M-19.7K0.7778.6665503,8592,025
2014-05-23$32.71$30.0025.9%7.4%32.6%31.3%29.0%6.1%3.7%143.4K-2.4M-19.9K0.5979.6732193,8672,005
2014-05-27$33.31$30.0024.5%7.0%32.4%27.0%31.2%2.5%1.1%175.1K-3.2M-19.4K0.3183.17108333,8832,009
2014-05-28$32.83$30.0025.2%7.2%32.9%28.9%0.0%13.9%8.4%162.9K-2.7M-18.5K0.1085.255863,8812,027
2014-05-29$32.91$30.0036.1%10.4%32.7%62.6%21.0%4.8%1.8%150.8K-2.8M-18.9K0.0287.566413,9362,033
2014-05-30$32.46$30.0029.9%8.6%33.1%43.4%0.0%6.4%4.0%147.8K-2.3M-18.2K0.1083.062123,9952,033