MANH Options History — April 2016

In April 2016, MANH traded between $55.49 and $67.66. ATM implied volatility averaged 37.8%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 8.5% (HV 20d: 46.3%). Max pain ranged from $55.00 to $65.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2016-04-20: Highest Volume — 4,218 contracts
  • 2016-04-20: Largest IV drop — 24.5% change
  • 2016-04-11: Highest IV Rank — 41.3%
  • 2016-04-13: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.88$55.49$67.66$56.93$60.62
Max Pain$57.38$55.00$65.00$65.00$60.00
ATM IV37.8%31.6%44.1%38.6%35.5%
Expected Move11.0%9.1%12.2%11.1%10.2%
HV 20d46.3%35.9%62.8%36.0%62.8%
HV 60d46.6%42.5%52.9%45.6%52.9%
IV Rank27.6%13.9%41.3%29.4%22.5%
IV Percentile63.9%34.5%84.5%69.8%55.6%
Term Structure-3.1%-6.3%0.6%0.6%-0.7%
VWIV40.4%28.9%48.9%41.5%36.1%
Skew 25d3.9%1.3%6.9%5.5%4.2%
Skew 10d7.2%2.0%12.9%9.4%5.7%
Call IV 25d38.1%31.6%42.7%35.8%35.8%
Put IV 25d42.0%34.5%48.5%41.4%40.0%
Bid-Ask Spread %51.8330.6773.9767.8470.18
Gamma HHI0.280.180.410.270.18
Net GEX-7.8K-439.1K596.0K-432.3K135.6K
Net DEX1.6M-14.2M11.5M9.1M-2.0M
Net VEX-30.9K-41.1K-24.0K-30.4K-34.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.362.040.650.58
Total Volume1,439.6196774,218828677
Total OI8,9705,28510,6949,1659,321

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-04-01$56.93$65.0038.6%11.1%36.0%29.4%41.5%5.5%0.6%-432.3K9.1M-30.4K0.6567.845033254,2694,896
2016-04-04$56.21$55.0039.4%11.6%35.9%31.0%41.8%2.4%-2.5%-413.3K10.0M-27.5K0.6036.925273154,2804,810
2016-04-05$55.49$55.0039.4%11.9%35.9%31.1%41.5%4.7%-3.9%-419.5K10.6M-26.8K0.3735.075692104,3094,820
2016-04-06$57.55$55.0036.5%11.4%37.5%24.7%38.6%6.9%-4.4%-429.9K8.7M-26.5K0.3652.185802074,3874,827
2016-04-07$55.83$55.0040.8%12.2%39.1%34.0%44.5%3.9%-4.9%-402.0K9.8M-27.0K0.4656.645242404,4744,825
2016-04-08$55.86$55.0039.2%12.0%39.1%30.6%42.5%5.2%-5.1%-400.8K10.0M-29.2K0.5342.825853094,4704,873
2016-04-11$55.63$55.0044.1%12.0%36.8%41.3%48.9%6.6%-4.0%-397.0K10.3M-25.8K1.0439.305826044,5384,975
2016-04-12$55.52$55.0042.3%12.1%36.6%37.4%47.1%4.3%-5.5%-439.1K11.5M-24.0K1.1334.785866614,5965,291
2016-04-13$57.20$55.0042.7%12.2%38.0%38.3%43.7%2.7%-6.1%-295.0K9.5M-25.4K0.4266.481,0094254,6205,452
2016-04-14$56.94$55.0042.2%12.1%37.8%37.3%42.8%4.0%-5.8%-221.5K8.9M-28.3K0.5366.295222785,1315,562
2016-04-15$57.24$55.0042.4%12.2%37.9%37.6%42.5%3.5%-6.1%15.0K8.4M-27.4K0.4946.944992435,1385,556
2016-04-18$58.49$55.0040.8%11.7%38.6%34.1%45.3%2.8%-5.0%55.8K-1.1M-26.5K1.4147.165587853,0522,233
2016-04-19$58.66$55.0042.1%12.1%37.9%37.0%44.7%5.5%-6.3%53.8K-1.1M-28.0K0.8130.671,8501,4933,1712,460
2016-04-20$67.66$60.0031.8%9.1%62.4%14.4%34.1%1.3%-0.6%473.4K-14.2M-35.4K0.3636.783,0991,1194,2933,971
2016-04-21$67.50$60.0033.7%9.7%61.7%18.5%28.9%1.8%-1.4%596.0K-12.8M-39.2K0.8153.881,2841,0344,6324,174
2016-04-22$66.02$60.0032.4%9.3%62.6%15.8%42.1%2.8%-1.1%546.7K-10.6M-41.1K0.6946.371,2458544,7084,280
2016-04-25$65.94$60.0033.0%9.5%60.2%17.0%33.1%2.6%-1.2%504.4K-9.4M-38.8K1.5657.346039414,7434,044
2016-04-26$65.25$60.0032.5%9.3%56.9%16.0%31.2%3.5%-0.3%499.6K-8.8M-37.6K1.3363.226799034,7394,114
2016-04-27$65.70$60.0031.6%9.1%56.7%13.9%40.1%3.7%-0.4%583.0K-9.8M-38.2K2.0473.974449055,0014,149
2016-04-28$61.32$60.0033.2%9.5%62.6%17.4%37.4%4.3%0.1%222.3K-3.1M-32.5K2.0263.544829745,0264,160
2016-04-29$60.62$60.0035.5%10.2%62.8%22.5%36.1%4.2%-0.7%135.6K-2.0M-34.1K0.5870.184292485,0274,294