MANH Options History — December 2014

In December 2014, MANH traded between $39.15 and $42.13. ATM implied volatility averaged 29.9%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 1.5% (HV 20d: 28.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 1.54.

Notable Days

  • 2014-12-08: Highest Volume — 797 contracts
  • 2014-12-10: Largest IV spike — 54.7% change
  • 2014-12-10: Highest IV Rank — 36.9%
  • 2014-12-29: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.67$39.15$42.13$39.15$40.72
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV29.9%25.4%44.1%28.1%29.5%
Expected Move10.0%8.8%14.5%8.9%10.2%
HV 20d28.4%21.3%31.0%21.3%30.7%
HV 60d28.0%27.1%28.8%28.1%27.8%
IV Rank15.0%8.1%36.9%12.1%14.3%
IV Percentile49.8%18.3%97.6%45.2%49.6%
Term Structure2.9%-0.8%14.9%-0.7%5.7%
VWIV36.1%28.3%49.7%34.7%35.6%
Skew 25d9.0%-1.1%41.5%-1.1%4.7%
Skew 10d15.4%-32.9%74.3%-2.4%5.4%
Call IV 25d30.6%23.4%70.4%29.1%23.4%
Put IV 25d39.6%25.8%76.1%28.0%28.0%
Bid-Ask Spread %83.6268.57116.1671.2895.39
Gamma HHI0.450.350.650.490.48
Net GEX-4.0K-61.0K67.5K3.0K-34.5K
Net DEX-851.5K-2.0M114.3K2.1K-579.6K
Net VEX-16.0K-18.1K-13.8K-15.1K-15.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.093.523.521.89
Total Volume315.4092079751552
Total OI3,284.2272,6803,7042,6803,260

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-12-01$39.15$40.0028.1%8.9%21.3%12.1%34.7%-1.1%-0.7%3.0K2.1K-15.1K3.5271.281144018441,836
2014-12-02$39.67$40.0027.7%8.8%21.9%11.7%34.4%0.4%-0.8%7.7K-415.6K-15.0K3.3980.551173978821,866
2014-12-03$39.62$40.0026.6%8.9%21.8%9.9%34.7%-0.5%0.4%12.6K-365.1K-14.8K3.5177.281133978881,874
2014-12-04$40.35$40.0026.2%9.0%22.7%9.2%36.3%41.5%0.7%22.0K-738.2K-14.9K0.0974.806468911,880
2014-12-05$42.13$40.0025.4%9.1%26.8%8.1%36.5%3.9%1.0%830-1.6M-13.8K1.7768.572664728941,886
2014-12-08$40.88$40.0032.4%9.2%28.7%18.8%36.0%1.6%2.6%10.0K-925.0K-18.1K1.5673.933114861,0662,328
2014-12-09$41.86$40.0028.5%9.4%29.8%12.9%33.3%6.1%1.0%35.0K-1.8M-16.0K1.0372.501821881,2252,208
2014-12-10$41.62$40.0044.1%9.5%29.7%36.9%36.8%6.2%1.8%5.6K-2.0M-16.3K1.0577.461571651,3082,250
2014-12-11$41.35$40.0031.6%9.5%29.8%17.7%35.7%1.3%1.4%18.3K-1.5M-16.9K0.6876.951901291,3032,273
2014-12-12$41.02$40.0031.0%9.7%30.0%16.7%33.3%8.7%3.5%13.9K-1.2M-17.0K1.6379.501131841,3042,278
2014-12-15$40.86$40.0031.3%9.7%29.6%17.1%35.8%5.8%2.9%10.2K-1.2M-17.3K1.6273.78851381,3172,328
2014-12-16$40.20$40.0032.3%10.0%29.5%18.7%38.0%7.4%2.5%15.7K-655.3K-17.3K1.0169.431571581,3322,332
2014-12-17$41.38$40.0034.3%10.1%31.0%21.7%37.0%25.8%-0.6%6.8K-1.5M-17.0K1.5276.051041581,3602,344
2014-12-18$40.88$40.0031.1%10.0%28.1%16.9%38.5%8.3%4.0%5.0K-1.2M-16.6K1.7272.65921581,3402,340
2014-12-19$39.73$40.0030.0%9.9%30.3%15.1%34.6%14.2%4.5%67.5K114.3K-17.4K0.4477.5243191,3342,337
2014-12-22$40.56$0.0028.7%10.1%30.9%13.1%34.2%7.2%5.5%-56.9K-336.9K-15.6K1.54100.24891379722,182
2014-12-23$40.21$40.0027.4%9.0%30.4%11.1%29.3%35.3%-0.5%-61.0K-253.4K-15.4K0.9495.861421339992,187
2014-12-24$40.77$40.0026.9%9.5%30.1%10.3%28.3%12.3%3.3%-39.1K-799.7K-15.5K1.06104.801251331,0602,188
2014-12-26$40.88$40.0028.0%13.5%30.1%12.0%44.6%5.7%4.0%-37.2K-831.4K-15.4K1.06116.161251331,0612,188
2014-12-29$40.75$40.0028.1%14.5%30.1%12.2%49.7%-0.6%14.9%-43.6K-690.1K-15.0K0.87113.381531331,0612,188
2014-12-30$40.08$40.0028.5%10.3%30.5%12.8%0.0%2.8%6.8%-48.9K-239.9K-15.6K1.8691.587131,0712,188
2014-12-31$40.72$40.0029.5%10.2%30.7%14.3%35.6%4.7%5.7%-34.5K-579.6K-15.7K1.8995.3918341,0742,186