MANH Options History — March 2015

In March 2015, MANH traded between $48.69 and $55.11. ATM implied volatility averaged 31.2%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 1.1% (HV 20d: 32.3%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 2.59.

Notable Days

  • 2015-03-31: Highest Volume — 1,053 contracts
  • 2015-03-23: Largest IV spike — 16.9% change
  • 2015-03-30: Highest IV Rank — 22.4%
  • 2015-03-30: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.26$48.69$55.11$51.40$50.62
Max Pain$44.09$40.00$50.00$50.00$45.00
ATM IV31.2%28.1%34.7%32.5%32.6%
Expected Move8.9%8.0%10.0%9.3%9.3%
HV 20d32.3%25.3%41.7%38.3%40.5%
HV 60d37.1%35.6%39.6%36.8%39.6%
IV Rank17.0%12.2%22.4%18.9%19.1%
IV Percentile53.6%29.0%74.6%62.7%61.1%
Term Structure2.8%-1.3%6.5%-0.2%5.3%
VWIV32.4%27.7%37.7%32.0%35.3%
Skew 25d4.0%-12.8%11.7%8.3%5.6%
Skew 10d8.0%-20.6%24.5%13.9%11.1%
Call IV 25d30.6%25.1%40.2%27.8%33.1%
Put IV 25d34.7%27.4%41.5%36.2%38.8%
Bid-Ask Spread %92.7484.16100.4597.9392.62
Gamma HHI0.430.220.870.320.34
Net GEX1.9K-43.3K138.2K-25.4K-20.5K
Net DEX-1.9M-3.9M-302.5K-2.0M-1.1M
Net VEX-8.0K-13.6K-4.6K-6.1K-13.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.590.009.322.419.32
Total Volume276.77381,0532251,053
Total OI3,234.0452,8313,9342,8313,934

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-03-02$51.40$50.0032.5%9.3%38.3%18.9%32.0%8.3%-0.2%-25.4K-2.0M-6.1K2.4197.93661596592,172
2015-03-03$50.90$50.0028.3%8.1%35.6%12.5%28.8%-8.2%4.2%-20.0K-2.1M-4.6K2.30100.45691596642,195
2015-03-04$50.10$50.0031.3%9.0%33.3%17.1%32.7%-12.8%-1.3%-19.6K-1.9M-5.2K1.8297.06981786632,195
2015-03-05$50.77$40.0031.1%8.9%25.7%16.8%34.3%6.0%1.2%-43.3K-1.7M-7.7K3.9684.16813217002,234
2015-03-06$49.71$40.0030.0%8.9%27.0%15.1%34.0%2.8%1.8%1.2K-1.9M-5.7K2.2388.83691547102,172
2015-03-09$50.01$40.0031.7%8.8%26.1%17.7%31.6%4.2%2.9%1.3K-2.0M-5.6K1.3990.1636507162,190
2015-03-10$48.69$40.0032.7%9.0%27.6%19.2%31.9%1.1%1.9%-2.7K-1.5M-6.3K3.0091.80267322,232
2015-03-11$49.56$40.0030.8%8.8%25.3%16.3%35.7%3.1%2.4%-1.3K-1.8M-5.8K5.0094.553157302,235
2015-03-12$50.36$40.0031.3%9.0%25.9%17.1%29.2%7.5%2.1%-4.3K-2.0M-6.1K0.0589.845937272,248
2015-03-13$50.57$40.0030.5%8.8%25.3%16.0%33.6%5.2%2.8%4.8K-2.1M-6.1K1.1589.0234397842,251
2015-03-16$52.89$45.0030.2%8.7%29.3%15.4%30.4%6.8%2.3%16.5K-2.8M-5.5K0.0691.04169107972,283
2015-03-17$53.16$45.0029.9%8.6%29.2%15.0%32.3%4.0%2.2%34.1K-2.9M-6.3K0.0092.474508722,293
2015-03-18$53.45$45.0029.3%8.4%29.1%14.1%28.0%7.5%2.8%42.2K-3.1M-6.2K0.6293.7334218902,293
2015-03-19$53.68$45.0029.1%8.3%29.0%13.7%29.5%8.4%2.5%44.1K-3.1M-6.0K0.0093.118508902,293
2015-03-20$55.11$45.0028.1%8.0%30.2%12.2%27.7%2.6%3.3%138.2K-3.9M-4.9K7.0792.89866089082,293
2015-03-23$52.86$45.0032.8%9.4%34.2%19.5%33.2%1.3%2.5%-5.9K-1.6M-12.0K0.3595.6878278362,721
2015-03-24$51.76$45.0031.5%9.0%35.1%17.5%32.5%3.6%5.0%-10.8K-1.4M-12.1K1.0892.9226288762,738
2015-03-25$48.85$45.0032.1%9.2%40.8%18.4%33.9%5.8%4.0%-38.8K-302.5K-12.1K0.6391.0359378842,761
2015-03-26$50.06$45.0032.6%9.3%41.7%19.1%34.6%11.7%4.7%-34.1K-665.7K-12.4K4.9793.561768749092,776
2015-03-27$51.30$45.0033.2%9.5%40.8%20.1%33.3%8.9%3.1%-9.2K-1.3M-13.3K0.5894.8824149742,867
2015-03-30$51.81$45.0034.7%10.0%39.7%22.4%37.7%5.1%6.5%-4.5K-1.6M-12.7K9.0492.521039319772,875
2015-03-31$50.62$45.0032.6%9.3%40.5%19.1%35.3%5.6%5.3%-20.5K-1.1M-13.6K9.3292.621029519892,945