MANH Options History — November 2015

In November 2015, MANH traded between $71.40 and $76.60. ATM implied volatility averaged 32.6%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 4.8% (HV 20d: 37.4%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.52.

Notable Days

  • 2015-11-10: Highest Volume — 3,250 contracts
  • 2015-11-06: Largest IV spike — 9.0% change
  • 2015-11-16: Highest IV Rank — 29.3%
  • 2015-11-16: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.13$71.40$76.60$73.94$76.60
Max Pain$71.50$70.00$75.00$70.00$70.00
ATM IV32.6%29.6%36.0%31.2%33.5%
Expected Move9.3%8.7%10.3%9.0%9.6%
HV 20d37.4%29.6%44.9%40.0%29.7%
HV 60d34.6%31.9%37.7%35.5%31.9%
IV Rank21.1%15.4%29.3%18.8%21.4%
IV Percentile58.4%35.3%74.6%52.4%63.9%
Term Structure-0.5%-2.1%0.8%0.2%-2.0%
VWIV33.9%30.9%37.7%32.6%33.6%
Skew 25d2.8%0.0%5.7%3.5%5.7%
Skew 10d6.1%-2.6%13.6%9.3%13.6%
Call IV 25d32.9%29.7%37.4%29.7%30.7%
Put IV 25d35.6%31.8%38.4%33.2%36.4%
Bid-Ask Spread %69.1250.6183.3669.8783.36
Gamma HHI0.280.200.360.270.28
Net GEX-172.1K-897.5K800.1K-94.4K800.1K
Net DEX-11.0M-19.8M557.9K-14.8M-17.7M
Net VEX-68.1K-78.0K-56.2K-65.6K-71.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.176.416.410.17
Total Volume1,684.8883,2502,823260
Total OI12,337.78,37813,99211,14210,247

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-11-02$73.94$70.0031.2%9.0%40.0%18.8%32.6%3.5%0.2%-94.4K-14.8M-65.6K6.4169.873812,4424,1357,007
2015-11-03$75.15$70.0031.2%9.0%37.7%18.9%30.9%1.8%-0.3%-179.6K-16.0M-62.0K3.1250.613841,1984,2077,364
2015-11-04$74.10$70.0031.0%8.9%38.6%18.4%31.5%0.4%0.3%-226.4K-14.1M-69.8K2.3069.425191,1934,3157,686
2015-11-05$73.51$70.0029.6%8.7%39.0%15.4%31.3%0.3%0.1%-289.7K-13.7M-69.2K1.3270.909281,2264,5087,699
2015-11-06$76.40$70.0032.3%9.4%40.4%21.2%34.5%5.1%-1.6%-31.6K-19.8M-72.1K1.8561.661,0391,9205,1057,714
2015-11-09$74.33$70.0034.2%9.5%42.0%25.3%34.0%3.7%-1.5%-568.2K-12.8M-75.1K0.4260.9262265,0698,577
2015-11-10$75.15$70.0033.7%9.4%41.8%24.3%35.3%3.6%-1.3%-567.3K-15.4M-70.9K2.1060.131,0472,2035,0808,571
2015-11-11$76.41$70.0034.0%9.8%41.1%25.0%35.1%3.1%-1.2%-501.7K-19.2M-66.2K2.1065.541,0472,2035,0698,575
2015-11-12$73.39$70.0032.8%9.4%44.0%22.3%35.1%3.7%-0.3%-686.4K-10.8M-69.8K0.5562.281,1946545,0688,604
2015-11-13$71.40$75.0034.4%9.9%44.9%25.8%36.4%0.2%0.5%-727.9K-3.3M-69.3K1.6263.644978054,9938,617
2015-11-16$71.63$75.0036.0%10.3%44.8%29.3%36.7%3.3%-2.1%-831.6K557.9K-68.9K0.7763.5564494,9908,952
2015-11-17$72.06$75.0034.8%10.0%42.1%26.6%37.7%4.0%-0.6%-897.5K-2.1M-66.1K1.8670.414267945,0538,939
2015-11-18$72.90$75.0033.1%9.5%35.1%22.9%35.2%4.1%-0.9%-662.1K-2.8M-61.4K1.8678.764247885,0608,920
2015-11-19$72.71$75.0032.8%9.4%34.8%22.4%34.8%2.1%-0.6%-436.3K-4.6M-56.2K1.7574.894517885,0538,923
2015-11-20$73.69$75.0031.6%9.1%31.1%17.1%33.7%2.0%0.8%180.2K-4.9M-58.2K0.7573.301,5181,1344,9618,941
2015-11-23$74.49$70.0031.5%9.0%30.9%16.9%32.4%1.3%0.6%323.8K-8.9M-61.8K0.2970.911,9335553,7824,596
2015-11-24$73.88$70.0031.9%9.1%30.4%17.7%32.9%0.0%-0.0%546.0K-11.2M-78.0K0.4878.50106515,1754,848
2015-11-25$74.86$70.0030.9%8.9%29.6%15.6%32.4%2.9%0.5%661.9K-13.4M-77.2K0.3576.701,2464335,2774,875
2015-11-27$76.02$70.0031.8%9.1%29.7%17.6%31.7%4.7%0.0%746.5K-15.8M-73.9K0.3977.101,2294795,3224,877
2015-11-30$76.60$70.0033.5%9.6%29.7%21.4%33.6%5.7%-2.0%800.1K-17.7M-71.3K0.1783.36223375,3294,918