MANH Options History — February 2016

In February 2016, MANH traded between $45.76 and $56.91. ATM implied volatility averaged 47.1%, placing in the 62.3% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 3.4% (HV 20d: 50.6%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.23.

Notable Days

  • 2016-02-02: Highest Volume — 3,224 contracts
  • 2016-02-08: Largest IV spike — 26.4% change
  • 2016-02-08: Highest IV Rank — 100.0%
  • 2016-02-02: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.58$45.76$56.91$56.91$55.42
Max Pain$53.25$50.00$60.00$60.00$55.00
ATM IV47.1%40.2%62.8%53.1%41.7%
Expected Move13.1%11.1%15.9%15.2%12.0%
HV 20d50.6%40.2%55.9%40.3%54.3%
HV 60d39.0%33.1%42.1%33.1%41.9%
IV Rank62.3%41.6%100.0%88.0%43.7%
IV Percentile88.8%79.0%100.0%98.8%81.7%
Term Structure-2.9%-11.8%2.9%-10.1%-2.8%
VWIV47.1%36.2%60.1%53.1%48.7%
Skew 25d5.6%1.3%17.2%1.3%6.3%
Skew 10d8.5%0.0%16.6%2.6%13.8%
Call IV 25d45.9%39.7%56.8%53.7%43.2%
Put IV 25d51.5%44.2%69.2%55.0%49.5%
Bid-Ask Spread %71.8548.2885.2276.7585.22
Gamma HHI0.250.170.350.180.25
Net GEX-170.2K-390.7K45.2K45.2K-190.5K
Net DEX9.9M5.2M14.7M5.2M7.1M
Net VEX-30.4K-48.0K-20.5K-48.0K-26.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.613.101.350.78
Total Volume1,223.76873,2242,142742
Total OI8,884.056,41210,3788,4406,631

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-02-01$56.91$60.0053.1%15.2%40.3%88.0%53.1%1.3%-10.1%45.2K5.2M-48.0K1.3576.759131,2294,8363,604
2016-02-02$55.40$60.0055.6%15.9%40.2%95.5%56.4%4.7%-11.8%5.0K6.8M-45.2K1.3875.511,3521,8725,0873,741
2016-02-03$55.70$60.0046.6%13.4%40.2%68.4%46.3%4.1%-6.4%-77.3K8.1M-45.1K1.8779.457141,3365,5994,267
2016-02-04$53.14$55.0044.0%11.1%41.5%60.4%40.2%4.6%-0.5%-165.2K10.8M-36.0K3.1057.103911,2115,6684,112
2016-02-05$48.59$55.0049.7%12.9%49.3%77.6%41.4%3.4%-2.3%-195.5K13.6M-27.0K0.6348.285613545,6894,113
2016-02-08$45.76$55.0062.8%14.8%48.9%100.0%57.2%17.2%2.9%-144.7K14.7M-20.5K1.0673.835145435,8264,179
2016-02-09$46.33$55.0061.7%14.8%49.0%97.1%49.7%6.7%-2.3%-155.8K14.3M-20.8K1.0164.455295355,9184,108
2016-02-10$47.72$55.0050.3%14.4%51.0%67.6%36.2%9.6%1.0%-144.0K13.5M-24.4K1.4064.154956916,0154,133
2016-02-11$48.88$50.0050.5%14.5%51.6%68.3%57.4%7.2%-3.7%-157.0K12.6M-26.8K1.7865.714227536,0274,057
2016-02-12$49.59$50.0048.0%13.8%50.6%61.8%60.1%2.3%-2.7%-187.1K13.1M-26.6K1.3973.914876796,0434,136
2016-02-16$51.41$50.0048.0%13.8%52.2%61.8%47.6%4.7%-3.5%-231.2K12.2M-26.8K1.2771.324916226,0774,137
2016-02-17$54.01$50.0042.0%12.0%55.5%46.2%44.0%5.3%-1.9%-390.7K10.1M-30.0K1.2668.185096436,1094,172
2016-02-18$53.13$50.0042.0%12.0%55.5%46.3%44.9%5.7%-2.1%-358.0K10.4M-30.1K1.4265.854536456,1474,218
2016-02-19$54.22$50.0041.5%11.9%55.9%45.0%42.3%3.4%-1.8%-174.5K10.5M-30.5K1.4372.354526466,1724,206
2016-02-22$55.66$50.0041.1%11.8%55.6%44.0%42.9%8.2%-2.7%-184.1K7.4M-28.3K0.6176.714602793,2303,182
2016-02-23$54.40$50.0041.4%11.9%54.9%44.7%43.7%3.4%-1.9%-172.1K7.2M-30.2K0.7078.764132903,3023,191
2016-02-24$54.66$50.0041.5%11.9%55.0%45.0%43.8%1.5%-2.0%-184.0K7.6M-26.4K0.6881.534102773,3403,204
2016-02-25$55.03$50.0040.8%11.7%54.8%43.3%40.4%3.8%-1.7%-170.2K6.9M-29.3K0.6878.354613123,3483,204
2016-02-26$55.70$55.0040.2%11.5%54.9%41.6%45.0%8.5%-1.2%-172.0K6.7M-29.9K0.7679.644493393,4253,228
2016-02-29$55.42$55.0041.7%12.0%54.3%43.7%48.7%6.3%-2.8%-190.5K7.1M-26.2K0.7885.224173253,4193,212