MANH Options History — November 2016

In November 2016, MANH traded between $50.05 and $54.09. ATM implied volatility averaged 31.0%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 3.8% (HV 20d: 34.8%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2016-11-29: Highest Volume — 1,313 contracts
  • 2016-11-09: Largest IV drop — 22.1% change
  • 2016-11-08: Highest IV Rank — 27.8%
  • 2016-11-14: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.47$50.05$54.09$50.42$52.60
Max Pain$50.48$50.00$55.00$55.00$50.00
ATM IV31.0%27.1%37.5%32.5%30.3%
Expected Move8.6%7.8%9.7%9.3%8.7%
HV 20d34.8%23.8%45.6%44.1%26.1%
HV 60d30.3%29.2%31.3%29.2%31.3%
IV Rank13.8%5.2%27.8%16.9%12.2%
IV Percentile24.6%4.8%65.1%34.1%21.4%
Term Structure-1.0%-2.6%0.3%-1.3%-1.7%
VWIV31.9%28.4%36.4%34.3%32.3%
Skew 25d3.6%0.2%8.6%2.3%3.2%
Skew 10d6.3%-3.9%14.0%4.2%4.0%
Call IV 25d30.9%27.5%34.1%32.8%29.8%
Put IV 25d34.5%30.5%40.0%35.1%33.0%
Bid-Ask Spread %86.2872.7693.3188.9292.38
Gamma HHI0.400.270.610.270.51
Net GEX167.2K62.8K364.6K81.6K107.8K
Net DEX1.6M-1.2M4.0M3.8M-436.8K
Net VEX-12.4K-17.9K-9.1K-12.8K-9.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.101.250.860.10
Total Volume3912121,3133481,307
Total OI5,551.8571,8567,2756,6901,856

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-11-01$50.42$55.0032.5%9.3%44.1%16.9%34.3%2.3%-1.3%81.6K3.8M-12.8K0.8688.921871615,2111,479
2016-11-02$50.16$55.0032.8%9.4%43.2%17.6%36.4%8.5%-1.5%72.7K3.9M-11.2K0.6390.93130825,2511,458
2016-11-03$50.05$50.0033.6%8.9%42.8%19.4%30.9%3.6%-0.9%86.4K3.7M-12.2K0.6178.50134825,2901,458
2016-11-04$50.28$50.0036.1%9.1%42.9%24.9%31.3%6.2%-0.5%63.0K3.9M-11.4K0.6872.761471005,3281,456
2016-11-07$51.08$50.0037.3%9.0%43.2%27.5%30.7%4.5%-0.0%62.8K4.0M-10.1K1.2585.581061335,3711,447
2016-11-08$51.58$50.0037.5%9.3%42.3%27.8%32.2%4.3%-1.2%143.1K3.1M-11.8K0.2879.694501265,3711,432
2016-11-09$53.02$50.0029.2%8.4%43.7%9.8%32.9%6.8%-1.2%266.4K1.8M-15.3K0.7185.371781265,7191,445
2016-11-10$53.21$50.0030.9%8.8%43.3%13.4%32.7%3.0%-1.9%310.0K1.0M-17.9K0.8284.781421165,8181,445
2016-11-11$53.82$50.0028.9%8.3%43.6%9.2%30.6%2.7%-1.0%324.4K1.1M-16.0K0.8181.461441165,8181,438
2016-11-14$51.43$50.0033.8%9.7%45.6%19.7%34.1%2.9%-2.6%124.9K3.3M-13.0K0.8780.801361185,8231,438
2016-11-15$51.89$50.0031.6%9.1%44.8%15.1%31.4%2.9%-0.5%123.0K3.4M-11.5K1.1188.121261405,8181,437
2016-11-16$53.30$50.0028.5%8.2%26.1%8.3%28.4%1.7%-0.3%294.3K2.2M-13.0K0.2089.135261065,8201,455
2016-11-17$53.79$50.0029.3%8.4%26.0%10.2%32.0%2.9%-0.9%364.6K1.6M-13.3K0.6593.131671085,7341,459
2016-11-18$53.38$50.0029.2%8.4%26.1%9.9%32.7%3.3%-1.6%135.9K3.1M-11.6K1.2592.171622025,7901,466
2016-11-21$53.21$50.0029.1%8.3%26.0%9.6%30.9%3.6%-1.4%150.9K-976.8K-12.4K0.4885.62149712,210469
2016-11-22$53.47$50.0028.8%8.3%25.2%9.0%31.7%2.1%-1.0%158.6K-1.1M-12.6K0.4988.78145712,220466
2016-11-23$53.61$50.0027.1%7.8%24.5%5.2%29.0%0.4%-0.2%166.2K-1.2M-12.2K0.5883.60140812,221466
2016-11-25$53.87$50.0027.6%7.9%23.8%6.3%28.9%0.2%0.3%155.7K-1.1M-11.1K0.5893.31139812,239476
2016-11-28$53.68$50.0028.8%8.3%23.8%9.1%33.0%1.5%-0.9%146.5K-907.3K-10.5K0.8983.881391242,241476
2016-11-29$54.09$50.0028.6%8.2%23.8%8.5%32.9%8.6%-0.6%173.3K-1.2M-11.1K0.1092.871,1891242,243531
2016-11-30$52.60$50.0030.3%8.7%26.1%12.2%32.3%3.2%-1.7%107.8K-436.8K-9.1K0.1092.381,1891181,318538