MANH Options History — December 2016

In December 2016, MANH traded between $51.33 and $54.22. ATM implied volatility averaged 30.4%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 8.2% (HV 20d: 22.2%). 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 20 of 21 days. Put/call ratio averaged 0.91.

Notable Days

  • 2016-12-07: Highest Volume — 1,424 contracts
  • 2016-12-14: Largest IV drop — 35.3% change
  • 2016-12-13: Highest IV Rank — 44.6%
  • 2016-12-01: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.69$51.33$54.22$51.74$53.11
Max Pain$54.52$50.00$55.00$50.00$55.00
ATM IV30.4%25.0%45.2%33.8%25.7%
Expected Move8.0%7.2%9.7%9.7%7.4%
HV 20d22.2%16.9%27.6%26.8%17.6%
HV 60d31.3%30.9%31.7%31.4%31.1%
IV Rank12.5%0.8%44.6%19.8%2.2%
IV Percentile24.1%0.8%87.7%43.7%3.6%
Term Structure5.7%-3.9%10.2%-3.9%7.6%
VWIV29.4%26.6%36.9%36.9%28.5%
Skew 25d4.9%2.5%8.6%4.0%4.5%
Skew 10d8.3%0.9%18.7%12.6%0.9%
Call IV 25d26.8%22.8%32.8%32.8%26.2%
Put IV 25d31.7%29.4%36.8%36.8%30.7%
Bid-Ask Spread %83.0168.2696.3093.7490.50
Gamma HHI0.400.280.560.460.42
Net GEX62.3K14.2K131.0K76.0K55.0K
Net DEX-55.2K-795.1K383.8K32.3K106.3K
Net VEX-7.5K-9.0K-6.7K-8.4K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.101.820.111.06
Total Volume702.7622111,4241,378406
Total OI1,837.0951,6331,9821,8651,812

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-12-01$51.74$50.0033.8%9.7%26.8%19.8%36.9%4.0%-3.9%76.0K32.3K-8.4K0.1193.741,2461321,320545
2016-12-02$52.45$50.0027.5%7.9%27.1%6.2%28.5%3.9%10.2%105.8K-486.9K-9.0K0.1196.301,2091331,340538
2016-12-05$53.34$55.0032.3%8.1%27.6%16.5%36.1%4.1%5.7%131.0K-795.1K-8.9K0.1168.261,2251321,335539
2016-12-06$52.74$55.0030.4%8.1%27.6%12.6%33.2%2.8%6.3%117.0K-406.7K-8.5K0.1081.391,1931181,347542
2016-12-07$52.38$55.0027.9%8.6%27.6%7.0%27.6%3.0%5.5%106.6K-188.3K-7.9K0.1976.961,1962281,350542
2016-12-08$52.23$55.0037.3%8.6%25.7%27.4%29.7%2.5%4.4%84.6K-19.2K-8.2K0.1978.331,1962261,347598
2016-12-09$51.82$55.0041.0%8.4%25.7%35.5%29.6%2.8%5.4%59.0K163.4K-7.8K0.1476.471,1961721,347598
2016-12-12$51.45$55.0042.2%8.5%25.4%38.0%29.0%3.1%5.0%21.6K352.6K-7.2K0.1077.131,2301291,347598
2016-12-13$51.80$55.0045.2%8.6%19.7%44.6%27.3%5.9%4.0%26.1K150.4K-7.6K1.0976.971181291,366614
2016-12-14$51.33$55.0029.3%8.4%19.7%10.0%29.4%4.6%3.9%31.9K383.8K-7.1K1.1580.841121291,366614
2016-12-15$51.48$55.0029.4%8.4%17.0%10.4%26.7%4.5%4.7%14.2K288.6K-7.0K1.5770.60821291,365616
2016-12-16$51.90$55.0029.0%8.3%16.9%9.5%27.8%3.7%6.0%30.4K168.2K-6.9K1.1977.991081291,366616
2016-12-19$53.05$55.0026.6%7.6%18.7%4.2%27.0%5.7%6.6%45.6K23.6K-6.9K0.9082.391541381,081552
2016-12-20$54.22$55.0026.1%7.5%20.2%3.1%26.6%6.6%6.4%56.6K-257.9K-7.4K1.6387.71891451,091574
2016-12-21$53.48$55.0026.3%7.5%20.8%3.6%28.7%7.1%6.8%53.0K-176.8K-7.2K1.8280.84951731,109568
2016-12-22$53.19$55.0026.4%7.6%20.9%3.8%29.4%7.0%6.5%51.0K-19.1K-7.0K1.7891.83971731,107562
2016-12-23$53.62$55.0026.1%7.5%21.0%3.1%29.8%8.0%6.7%55.5K-98.3K-6.9K1.8193.40971761,112562
2016-12-27$53.99$55.0025.0%7.2%21.1%0.8%28.8%6.2%7.4%62.6K-224.2K-6.7K1.4585.431482151,112575
2016-12-28$53.58$55.0025.3%7.2%21.1%1.3%29.8%8.6%7.3%63.2K-99.0K-7.2K1.4587.851482151,178615
2016-12-29$53.55$55.0025.8%7.4%18.5%2.4%27.9%5.0%6.3%62.2K-56.6K-7.3K1.1488.291832091,178635
2016-12-30$53.11$55.0025.7%7.4%17.6%2.2%28.5%4.5%7.6%55.0K106.3K-7.2K1.0690.501972091,173639