MANH Options History — May 2016

In May 2016, MANH traded between $58.51 and $66.08. ATM implied volatility averaged 34.7%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 12.9% (HV 20d: 47.6%). Max pain ranged from $55.00 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2016-05-24: Highest Volume — 1,799 contracts
  • 2016-05-23: Largest IV drop — 9.3% change
  • 2016-05-10: Highest IV Rank — 26.3%
  • 2016-05-20: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.69$58.51$66.08$61.39$66.08
Max Pain$57.86$55.00$65.00$60.00$65.00
ATM IV34.7%30.2%37.3%36.7%32.9%
Expected Move9.8%8.7%10.6%10.5%9.4%
HV 20d47.6%21.6%63.2%62.6%21.6%
HV 60d45.6%43.0%52.0%52.0%43.0%
IV Rank20.6%10.8%26.3%25.1%16.5%
IV Percentile47.8%18.3%61.1%59.1%36.9%
Term Structure0.5%-1.6%2.7%-1.6%-1.0%
VWIV36.3%30.1%45.4%42.6%32.9%
Skew 25d4.1%0.8%9.9%4.7%3.2%
Skew 10d10.1%2.6%24.7%7.1%15.7%
Call IV 25d34.3%30.2%38.0%35.9%32.4%
Put IV 25d38.5%31.6%45.0%40.6%35.6%
Bid-Ask Spread %74.0445.2195.1174.9290.42
Gamma HHI0.270.180.430.200.42
Net GEX222.9K15.0K419.8K205.6K402.5K
Net DEX-2.4M-5.4M455.4K-3.0M-4.6M
Net VEX-27.1K-32.7K-23.8K-32.7K-26.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.272.190.621.20
Total Volume1,157.197811,7991,0391,378
Total OI8,631.9055,07710,4149,4465,376

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-05-02$61.39$60.0036.7%10.5%62.6%25.1%42.6%4.7%-1.6%205.6K-3.0M-32.7K0.6274.926403995,0834,363
2016-05-03$59.82$60.0035.5%10.2%63.2%22.6%40.7%2.2%-0.7%150.7K-1.5M-30.1K0.6661.026124015,3514,359
2016-05-04$59.01$60.0036.1%10.4%62.3%23.9%40.8%3.3%-0.3%15.0K276.7K-29.8K0.3657.706022155,3474,346
2016-05-05$58.81$55.0036.3%10.0%61.2%24.2%45.4%4.8%0.6%16.9K442.0K-27.9K0.3480.996032075,3494,351
2016-05-06$58.51$55.0036.3%10.1%61.3%24.2%38.4%4.2%0.2%54.0K347.0K-26.2K0.3571.806062125,4174,358
2016-05-09$58.66$55.0037.0%10.0%61.2%25.8%35.7%5.6%0.7%29.8K455.4K-24.0K0.2765.108512305,4154,368
2016-05-10$60.28$55.0037.3%9.9%61.8%26.3%35.7%2.3%0.0%222.3K-2.0M-25.9K0.4149.205952465,6354,389
2016-05-11$60.38$55.0034.4%9.9%61.1%19.9%36.7%3.1%0.8%209.3K-2.1M-26.1K0.4449.675962635,6334,425
2016-05-12$59.93$55.0034.6%9.9%61.1%20.4%36.5%3.4%-0.3%179.8K-1.5M-25.1K0.4745.215302515,6364,407
2016-05-13$61.00$55.0034.7%9.9%61.3%20.5%35.5%3.9%1.2%284.8K-3.1M-25.8K0.3282.777752505,6364,417
2016-05-16$61.25$55.0034.9%10.0%61.0%21.1%34.1%5.2%0.7%315.7K-2.8M-24.0K0.3480.898122775,5044,419
2016-05-17$60.98$55.0036.5%10.5%61.0%24.6%35.6%5.7%0.6%336.6K-3.1M-24.5K0.3490.438122775,4814,399
2016-05-18$61.09$55.0035.4%10.2%31.0%22.1%39.2%9.9%-0.1%131.5K-1.5M-24.3K0.8782.717856845,4774,898
2016-05-19$61.31$55.0035.0%10.0%31.1%21.2%38.4%5.9%1.4%140.5K-1.7M-23.8K1.2878.625597135,4894,898
2016-05-20$62.93$60.0037.1%10.6%32.3%25.9%35.4%3.0%1.2%162.6K-3.5M-24.4K0.7682.109727345,5014,913
2016-05-23$62.93$60.0033.7%9.6%32.3%18.3%34.1%2.5%0.2%241.6K-3.1M-28.2K2.1977.993166923,4371,640
2016-05-24$64.88$60.0031.9%9.2%34.1%14.5%31.5%5.3%1.9%335.4K-4.5M-29.4K0.6683.761,0837163,4351,661
2016-05-25$65.06$60.0031.4%9.0%34.0%13.4%31.3%3.8%2.7%417.3K-5.4M-30.1K1.0985.026326893,7891,699
2016-05-26$65.58$60.0030.3%8.7%22.5%10.8%30.7%4.3%1.2%419.8K-4.8M-29.8K1.2169.326417773,7261,701
2016-05-27$65.69$65.0030.2%8.7%21.8%10.8%30.1%0.8%1.3%409.0K-4.5M-30.6K0.8095.119267423,7571,785
2016-05-31$66.08$65.0032.9%9.4%21.6%16.5%32.9%3.2%-1.0%402.5K-4.6M-26.7K1.2090.426277513,5871,789