MANH Options History — May 2015

In May 2015, MANH traded between $51.77 and $56.00. ATM implied volatility averaged 30.4%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 3.8% (HV 20d: 34.1%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.23.

Notable Days

  • 2015-05-20: Highest Volume — 460 contracts
  • 2015-05-07: Largest IV drop — 31.3% change
  • 2015-05-06: Highest IV Rank — 28.2%
  • 2015-05-05: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.01$51.77$56.00$53.16$54.91
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV30.4%25.3%38.5%31.7%29.7%
Expected Move8.7%8.3%9.5%9.1%8.5%
HV 20d34.1%21.9%40.7%39.8%21.9%
HV 60d35.0%34.5%35.6%35.3%34.5%
IV Rank15.7%7.9%28.2%17.7%14.6%
IV Percentile46.3%6.0%87.7%56.3%43.7%
Term Structure0.4%-1.5%1.6%-1.5%0.4%
VWIV30.8%28.5%33.5%32.7%33.5%
Skew 25d4.7%2.6%6.4%2.6%4.8%
Skew 10d10.8%-2.9%17.0%-2.9%10.3%
Call IV 25d29.9%27.7%34.1%34.1%29.9%
Put IV 25d34.6%33.2%37.1%36.7%34.7%
Bid-Ask Spread %80.9068.0989.2389.2384.62
Gamma HHI0.370.280.680.380.30
Net GEX-111.0K-243.6K137.4K-81.1K-148.6K
Net DEX1.2M-841.5K3.4M1.3M551.7K
Net VEX-25.9K-28.7K-24.1K-27.5K-27.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.272.521.281.97
Total Volume34381460457383
Total OI4,592.953,4515,2934,8954,304

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-05-01$53.16$55.0031.7%9.1%39.8%17.7%32.7%2.6%-1.5%-81.1K1.3M-27.5K1.2889.232002572,1752,720
2015-05-04$53.34$55.0032.4%8.7%39.2%18.8%31.2%3.5%0.8%-81.1K1.4M-27.8K0.9373.4557532,2012,802
2015-05-05$51.77$55.0037.9%9.5%40.7%27.2%31.8%5.1%0.0%-205.7K3.4M-26.4K1.1470.282032322,2172,843
2015-05-06$52.04$55.0038.5%9.4%40.4%28.2%31.1%5.6%0.9%-243.6K3.4M-25.4K1.2168.091992402,1962,843
2015-05-07$52.76$55.0026.5%8.7%40.6%9.7%30.5%5.0%0.4%-152.8K2.7M-26.2K1.1675.501772062,2022,893
2015-05-08$52.95$55.0025.3%8.4%40.6%7.9%33.0%4.2%0.8%-140.6K2.3M-26.4K0.2779.4164172,2262,940
2015-05-11$53.09$55.0029.0%8.5%40.6%13.6%30.0%4.0%0.4%-92.9K2.0M-25.5K2.5282.0733832,2372,942
2015-05-12$53.26$55.0029.0%8.5%40.6%13.5%29.0%4.5%0.4%-50.5K1.9M-25.3K1.4878.971572332,2672,953
2015-05-13$53.46$55.0030.0%8.6%40.4%15.2%29.3%3.7%0.4%-22.2K1.7M-25.5K1.9081.911342552,2882,993
2015-05-14$54.17$55.0029.0%8.3%40.6%13.5%28.9%4.6%1.6%137.4K629.2K-24.8K1.5879.931492352,2872,984
2015-05-15$53.49$55.0029.5%8.4%39.7%14.3%30.1%4.0%0.6%-167.9K1.7M-24.1K1.1681.361892192,3042,989
2015-05-18$54.35$55.0029.2%8.4%28.7%13.8%30.4%4.0%0.9%-156.7K1.1M-24.1K0.4182.10210861,1952,256
2015-05-19$55.84$55.0030.2%8.7%30.2%15.5%29.6%5.1%-0.5%-106.8K-433.9K-24.6K0.3782.52268981,3282,314
2015-05-20$55.84$55.0029.5%8.5%26.0%14.4%28.5%5.2%1.0%-93.1K-122.1K-26.1K0.6087.832871731,4452,364
2015-05-21$56.00$55.0030.2%8.6%25.7%15.4%29.6%6.4%0.3%-87.5K-841.5K-26.0K0.9485.991551451,4802,381
2015-05-22$55.15$55.0028.8%8.3%26.3%13.4%29.0%4.2%0.4%-110.3K236.1K-26.1K1.2585.631051311,5012,421
2015-05-26$54.17$55.0030.5%8.8%27.0%15.9%31.9%6.2%1.1%-157.1K959.6K-25.1K0.9983.742062041,5152,451
2015-05-27$55.41$55.0030.4%8.7%27.4%15.7%31.7%6.2%0.7%-125.1K-258.5K-25.5K1.5082.431742611,5442,558
2015-05-28$54.97$55.0030.4%8.7%26.2%15.7%33.3%4.9%-0.5%-132.8K698.6K-28.7K1.9482.861302521,5802,720
2015-05-29$54.91$55.0029.7%8.5%21.9%14.6%33.5%4.8%0.4%-148.6K551.7K-27.0K1.9784.621292541,5852,719