MANH Options History — March 2016

In March 2016, MANH traded between $52.71 and $59.22. ATM implied volatility averaged 39.6%, placing in the 33.1% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 0.7% (HV 20d: 40.3%). Max pain ranged from $50.00 to $65.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.62.

Notable Days

  • 2016-03-28: Highest Volume — 2,568 contracts
  • 2016-03-08: Largest IV spike — 96.3% change
  • 2016-03-08: Highest IV Rank — 100.0%
  • 2016-03-02: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.70$52.71$59.22$58.41$56.86
Max Pain$63.86$50.00$65.00$55.00$65.00
ATM IV39.6%33.6%70.8%39.3%38.5%
Expected Move10.9%9.6%14.0%11.3%11.0%
HV 20d40.3%31.7%58.3%57.6%38.2%
HV 60d43.6%42.7%46.0%43.5%45.6%
IV Rank33.1%18.3%100.0%37.4%29.0%
IV Percentile70.0%48.4%100.0%76.2%69.4%
Term Structure0.9%-14.0%4.5%-2.6%2.0%
VWIV41.6%36.0%49.5%41.2%38.1%
Skew 25d4.2%-0.5%7.5%5.1%5.1%
Skew 10d7.9%-0.5%20.7%15.9%8.5%
Call IV 25d37.5%32.3%41.9%38.9%36.2%
Put IV 25d41.7%35.6%47.7%44.0%41.3%
Bid-Ask Spread %79.4065.9093.9779.7877.51
Gamma HHI0.250.200.300.220.26
Net GEX-230.5K-443.9K-148.3K-160.8K-413.6K
Net DEX6.9M4.1M12.1M4.6M9.3M
Net VEX-28.7K-37.8K-20.7K-31.4K-31.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.620.463.670.740.49
Total Volume1,451.9556742,568806674
Total OI7,503.2736,6449,1506,6449,150

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-03-01$58.41$55.0039.3%11.3%57.6%37.4%41.2%5.1%-2.6%-160.8K4.6M-31.4K0.7479.784623443,4323,212
2016-03-02$57.23$50.0048.8%14.0%57.2%62.7%43.7%7.3%-14.0%-181.1K5.8M-29.9K0.6686.994833173,4513,229
2016-03-03$59.22$65.0038.0%10.0%58.3%33.8%38.2%5.8%2.5%-148.3K4.1M-30.9K0.7378.494253123,5493,233
2016-03-04$58.33$65.0039.0%10.0%55.7%36.6%36.0%5.2%3.1%-170.9K4.9M-29.2K0.8178.054273453,5683,227
2016-03-07$57.59$65.0036.0%10.4%44.0%28.7%39.6%1.7%1.7%-171.8K5.6M-28.5K0.8771.944053513,5923,229
2016-03-08$56.35$65.0070.8%11.1%37.7%100.0%47.6%2.1%1.5%-181.0K6.2M-27.8K0.7988.534643673,6113,247
2016-03-09$56.02$65.0039.1%11.2%38.1%30.5%45.6%3.9%1.5%-150.5K6.0M-28.4K2.2773.136061,3733,6743,248
2016-03-10$55.92$65.0038.8%11.1%37.6%29.7%45.0%4.9%0.2%-209.1K6.8M-33.1K2.2876.166071,3863,8903,744
2016-03-11$57.91$65.0036.6%10.5%38.4%25.0%47.7%3.1%1.1%-195.1K4.7M-37.8K2.1976.896101,3333,8973,744
2016-03-14$57.14$65.0039.9%11.4%39.1%32.2%43.8%0.4%-0.3%-162.6K5.2M-33.7K2.2083.866061,3343,9273,749
2016-03-15$56.49$65.0040.1%11.5%38.0%32.5%49.5%7.5%-0.1%-191.9K7.0M-27.0K2.3981.055591,3353,9383,752
2016-03-16$57.09$65.0040.0%11.5%34.3%32.4%47.8%5.7%-1.1%-187.3K6.1M-27.9K2.4493.975521,3494,0273,753
2016-03-17$57.04$65.0037.1%10.6%33.6%25.9%43.7%3.2%1.9%-207.7K6.5M-27.3K2.4986.315481,3674,0273,763
2016-03-18$57.46$65.0036.2%10.4%33.0%24.0%38.6%1.8%1.4%-257.3K5.9M-26.9K1.9886.807061,3974,0383,822
2016-03-21$56.38$65.0035.1%10.1%32.7%21.6%38.7%4.2%3.9%-251.7K7.8M-25.7K1.5876.695709003,6493,255
2016-03-22$55.90$65.0034.8%10.0%31.7%20.9%38.5%2.6%4.5%-251.0K8.4M-23.4K1.3776.686538973,6883,319
2016-03-23$54.85$65.0033.6%9.6%32.5%18.3%36.4%-0.5%3.3%-228.5K8.9M-22.0K1.4075.106348873,8403,331
2016-03-24$54.77$65.0034.6%9.9%32.4%20.4%37.1%7.5%4.0%-220.0K9.3M-21.4K3.1065.904861,5063,9123,330
2016-03-28$52.71$65.0038.1%10.9%34.7%28.3%42.2%5.6%3.0%-297.6K12.1M-20.7K3.6774.515502,0183,9533,857
2016-03-29$56.37$65.0037.8%10.8%42.6%27.5%39.8%5.9%2.6%-443.9K10.1M-31.9K0.7772.396104684,0645,040
2016-03-30$57.44$65.0039.4%11.3%38.7%31.1%36.5%3.4%0.7%-389.9K7.4M-35.9K0.4685.964922284,2534,858
2016-03-31$56.86$65.0038.5%11.0%38.2%29.0%38.1%5.1%2.0%-413.6K9.3M-31.0K0.4977.514532214,2724,878