MANH Options History — December 2015

In December 2015, MANH traded between $66.56 and $77.03. ATM implied volatility averaged 32.3%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 3.7% (HV 20d: 28.6%). Max pain ranged from $65.00 to $70.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2015-12-11: Highest Volume — 1,256 contracts
  • 2015-12-14: Largest IV spike — 17.1% change
  • 2015-12-14: Highest IV Rank — 35.5%
  • 2015-12-14: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.88$66.56$77.03$76.53$66.56
Max Pain$65.45$65.00$70.00$70.00$65.00
ATM IV32.3%29.8%39.7%30.8%32.3%
Expected Move9.2%8.5%11.4%8.8%9.2%
HV 20d28.6%26.9%30.8%29.4%28.6%
HV 60d33.3%31.6%34.5%31.9%33.2%
IV Rank18.7%13.1%35.5%15.2%18.6%
IV Percentile51.5%29.0%88.9%42.1%53.6%
Term Structure3.2%-3.0%6.5%-1.1%5.6%
VWIV33.9%28.5%39.3%30.3%32.4%
Skew 25d3.6%0.4%11.5%3.2%3.5%
Skew 10d5.6%0.8%13.2%5.8%4.9%
Call IV 25d32.4%28.0%39.0%30.8%32.2%
Put IV 25d36.0%32.3%50.5%34.0%35.7%
Bid-Ask Spread %68.2757.6781.8279.5581.12
Gamma HHI0.260.180.350.290.18
Net GEX425.2K-49.8K1.0M882.3K-49.8K
Net DEX-7.3M-18.9M1.2M-17.3M1.2M
Net VEX-61.8K-75.1K-45.5K-73.8K-45.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.185.250.230.92
Total Volume891.1822431,256243835
Total OI10,322.0459,05710,96310,4389,849

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-12-01$76.53$70.0030.8%8.8%29.4%15.2%30.3%3.2%-1.1%882.3K-17.3M-73.8K0.2379.55197465,5034,935
2015-12-02$76.28$70.0031.6%9.1%28.9%17.2%32.2%2.6%-1.7%901.1K-17.2M-72.4K0.4281.824101715,5274,932
2015-12-03$74.84$65.0031.3%8.6%29.3%16.4%32.8%2.5%4.1%811.2K-14.4M-70.0K0.5557.677704245,5304,924
2015-12-04$77.03$65.0029.8%8.5%30.8%13.1%28.5%4.3%4.3%1.0M-18.9M-73.1K0.2958.476881995,9704,904
2015-12-07$75.57$65.0032.2%8.6%28.5%18.4%30.7%1.7%4.0%966.3K-16.1M-68.2K5.2561.56482525,5984,949
2015-12-08$76.47$65.0033.8%9.0%26.9%22.0%30.6%3.3%2.7%937.5K-17.1M-70.6K0.3059.377492235,6085,126
2015-12-09$73.78$65.0031.4%9.0%29.7%16.7%36.9%1.9%2.9%702.6K-11.2M-67.6K0.5059.077873925,5735,132
2015-12-10$73.01$65.0030.8%8.8%29.1%15.3%36.1%3.4%3.1%587.2K-9.0M-67.5K0.4259.347663215,5775,312
2015-12-11$70.28$65.0033.9%9.7%28.8%22.4%39.1%4.6%2.7%163.2K-2.8M-69.0K0.2161.121,0402165,5405,313
2015-12-14$70.95$65.0039.7%11.4%27.4%35.5%39.3%11.5%-3.0%171.5K-3.6M-75.1K0.1862.369831745,6545,309
2015-12-15$71.58$65.0035.1%10.1%27.6%25.0%39.3%0.4%2.4%279.1K-5.2M-62.8K0.2062.239051825,4875,309
2015-12-16$73.01$65.0031.8%9.1%28.4%17.4%33.3%6.0%3.1%617.1K-7.4M-61.5K0.2068.419101815,5095,374
2015-12-17$71.80$65.0033.2%9.5%28.7%20.6%35.0%2.6%3.4%101.4K-4.6M-60.3K0.4862.645252545,5205,389
2015-12-18$70.47$65.0034.0%9.7%29.4%22.5%37.5%3.2%2.2%228.7K-3.7M-57.9K0.3164.245571715,5305,352
2015-12-21$69.37$65.0033.9%9.7%29.3%22.2%35.5%4.2%2.4%164.4K-2.1M-54.5K0.6267.115733554,5334,524
2015-12-22$68.96$65.0031.0%8.9%28.8%15.8%32.7%3.0%5.8%135.4K-1.9M-52.9K0.6475.146093924,5924,697
2015-12-23$69.29$65.0030.3%8.7%28.9%14.3%31.3%2.5%6.5%182.8K-2.4M-54.4K0.7772.385183974,7034,925
2015-12-24$69.29$65.0030.1%8.6%28.3%13.7%31.2%3.4%5.1%172.6K-2.6M-53.2K0.6480.555563574,7034,921
2015-12-28$68.69$65.0031.1%8.9%27.4%16.0%33.0%3.7%5.6%80.7K-1.2M-50.6K0.7173.035063574,7724,946
2015-12-29$69.37$65.0030.7%8.8%27.6%15.1%31.7%4.9%5.6%190.9K-2.6M-50.2K0.7173.674833414,8054,962
2015-12-30$68.21$65.0031.6%9.1%27.8%17.1%36.7%2.4%4.3%97.0K-962.0K-49.4K0.8481.194283584,8014,966
2015-12-31$66.56$65.0032.3%9.2%28.6%18.6%32.4%3.5%5.6%-49.8K1.2M-45.5K0.9281.124344014,8644,985