MANH Options History — April 2015

In April 2015, MANH traded between $50.75 and $56.31. ATM implied volatility averaged 34.2%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 4.4% (HV 20d: 38.6%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 2.70.

Notable Days

  • 2015-04-21: Highest Volume — 2,347 contracts
  • 2015-04-22: Largest IV drop — 29.6% change
  • 2015-04-21: Highest IV Rank — 34.2%
  • 2015-04-21: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.43$50.75$56.31$50.75$52.64
Max Pain$51.43$45.00$55.00$45.00$55.00
ATM IV34.2%29.2%42.4%32.2%31.3%
Expected Move10.0%8.4%12.2%9.2%9.0%
HV 20d38.6%34.7%44.7%40.1%40.0%
HV 60d36.8%34.4%39.6%39.6%37.4%
IV Rank21.7%13.9%34.2%18.5%17.2%
IV Percentile66.3%37.7%94.4%58.7%54.4%
Term Structure-2.2%-7.4%5.5%5.5%-1.3%
VWIV37.1%29.4%47.4%36.0%33.8%
Skew 25d6.0%2.9%11.0%6.9%2.9%
Skew 10d12.3%-6.4%23.6%13.5%-6.4%
Call IV 25d34.0%28.6%41.7%31.9%32.9%
Put IV 25d40.0%32.5%46.3%38.8%35.7%
Bid-Ask Spread %76.6660.3191.1988.4891.19
Gamma HHI0.360.310.510.340.42
Net GEX-14.8K-115.8K95.2K-35.7K-115.8K
Net DEX-1.1M-2.1M2.0M-767.0K2.0M
Net VEX-18.3K-27.6K-13.3K-14.3K-27.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.700.5511.689.780.74
Total Volume709.095592,3471,056462
Total OI4,089.0951,7204,8154,0154,815

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$50.75$45.0032.2%9.2%40.1%18.5%36.0%6.9%5.5%-35.7K-767.0K-14.3K9.7888.48989589803,035
2015-04-02$51.50$50.0031.5%10.9%40.1%17.5%42.0%5.8%-2.7%-29.1K-1.2M-14.1K11.6884.15819469913,046
2015-04-06$52.55$50.0038.1%10.5%39.8%27.7%47.4%11.0%-2.3%-12.3K-1.6M-13.4K8.5283.061149719893,049
2015-04-07$52.26$50.0033.7%11.2%39.9%20.8%44.8%7.2%-3.0%-23.8K-1.4M-13.6K2.8160.311594461,0103,098
2015-04-08$52.96$50.0035.0%10.0%38.6%22.9%36.2%6.1%-3.0%8.6K-1.9M-14.4K0.5567.3638211,0593,121
2015-04-09$52.51$50.0036.5%10.5%38.5%25.2%39.0%6.5%-4.4%-19.3K-1.6M-13.9K2.2863.951383141,0723,131
2015-04-10$52.36$50.0039.2%11.2%38.2%29.3%39.6%5.6%-4.5%-25.9K-1.7M-13.8K2.5167.861253141,0913,136
2015-04-13$52.65$50.0036.4%10.4%38.2%25.1%39.1%6.4%-3.6%14.8K-1.9M-13.7K1.6169.411792891,0913,136
2015-04-14$52.63$50.0036.2%10.4%34.7%24.7%40.0%6.8%-3.7%-5.0K-1.8M-13.8K2.0571.531523121,1163,162
2015-04-15$53.24$50.0035.5%10.2%34.9%23.5%40.8%9.8%-3.6%5.6K-2.1M-13.3K2.4665.391613961,1253,179
2015-04-16$53.02$50.0035.4%10.2%34.9%23.5%39.9%6.2%-3.1%-51.6K-1.8M-14.2K2.2075.491793941,1443,290
2015-04-17$51.64$50.0039.2%11.2%36.0%29.3%38.3%7.5%-5.1%-73.6K-1.3M-14.4K1.8968.481923631,1373,290
2015-04-20$55.78$50.0036.4%10.4%44.7%24.9%37.0%7.1%-3.2%-52.8K-472.4K-13.3K0.9474.475605245151,205
2015-04-21$56.31$50.0042.4%12.2%41.9%34.2%42.8%3.7%-7.4%-4.9K-1.6M-16.8K1.0862.851,1291,2188811,427
2015-04-22$54.01$55.0029.8%8.6%44.1%14.9%30.8%4.4%-0.3%-22.3K118.4K-26.1K0.7674.517435641,7792,341
2015-04-23$54.64$55.0029.2%8.4%38.0%13.9%29.4%3.9%-0.2%-5.2K-535.9K-26.7K1.0086.312432431,8762,509
2015-04-24$54.98$55.0029.4%8.4%37.4%14.3%29.5%5.2%-0.4%10.1K-437.8K-27.5K0.9990.152542511,8892,504
2015-04-27$54.96$55.0030.3%8.7%36.7%15.5%31.5%4.3%0.1%19.7K-480.9K-26.1K0.6590.572471601,8952,502
2015-04-28$56.01$55.0030.5%8.8%37.0%15.9%30.4%5.5%0.1%95.2K-1.7M-27.1K1.2683.702142701,9992,559
2015-04-29$54.68$55.0030.4%8.7%37.1%15.8%31.2%3.6%-0.5%12.3K-199.9K-27.2K0.8990.742482212,0252,672
2015-04-30$52.64$55.0031.3%9.0%40.0%17.2%33.8%2.9%-1.3%-115.8K2.0M-27.6K0.7491.192661962,1092,706