MANH Options History — July 2017

In July 2017, MANH traded between $43.01 and $47.70. ATM implied volatility averaged 36.8%, placing in the 48.7% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 7.8% (HV 20d: 29.0%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 2.91.

Notable Days

  • 2017-07-20: Highest Volume — 4,220 contracts
  • 2017-07-12: Largest IV drop — 38.9% change
  • 2017-07-11: Highest IV Rank — 100.0%
  • 2017-07-05: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.02$43.01$47.70$47.70$44.32
Max Pain$48.25$45.00$50.00$50.00$45.00
ATM IV36.8%23.2%56.4%39.1%25.4%
Expected Move9.7%6.7%14.3%11.2%7.3%
HV 20d29.0%19.7%43.5%19.7%42.9%
HV 60d26.9%19.2%29.3%27.5%29.3%
IV Rank48.7%12.2%100.0%55.5%17.9%
IV Percentile61.2%2.8%100.0%88.5%15.9%
Term Structure-3.9%-13.5%1.7%-5.0%-1.4%
VWIV34.1%24.1%49.3%43.5%27.4%
Skew 25d4.6%1.3%10.4%4.0%10.4%
Skew 10d7.9%0.0%15.7%6.1%15.7%
Call IV 25d32.8%20.3%44.4%39.4%22.2%
Put IV 25d37.4%27.7%50.7%43.4%32.6%
Bid-Ask Spread %36.477.3590.5890.5815.51
Gamma HHI0.580.340.860.390.86
Net GEX-221.3K-530.8K67.7K67.7K-530.8K
Net DEX3.3M-185.9K12.2M-185.9K5.3M
Net VEX-14.0K-16.7K-7.1K-8.5K-14.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.910.1414.560.141.14
Total Volume810.12254,2201,253388
Total OI4,219.652,2896,7652,2895,092

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-07-03$47.70$50.0039.1%11.2%19.7%55.5%43.5%4.0%-5.0%67.7K-185.9K-8.5K0.1490.581,1001531,644645
2017-07-05$47.14$50.0049.8%14.3%20.1%84.5%49.3%6.3%-13.5%47.5K105.0K-8.4K1.6788.911011691,644672
2017-07-06$46.21$50.0047.6%10.2%20.0%78.6%35.3%5.1%-3.9%24.7K459.1K-7.1K14.5627.461141,6601,656670
2017-07-07$46.76$50.0051.7%10.5%20.4%89.7%36.7%4.7%-5.2%-157.7K2.7M-16.7K14.3519.581161,6651,6412,170
2017-07-10$46.34$50.0053.3%10.5%20.7%94.0%36.1%4.5%-4.2%-181.0K3.1M-15.5K1.1218.951061191,6492,176
2017-07-11$46.59$50.0056.4%10.6%20.1%100.0%36.3%4.9%-4.5%-181.8K3.0M-15.2K1.2518.581031291,6482,179
2017-07-12$47.58$50.0034.5%9.9%21.4%42.0%35.9%4.7%-3.8%-139.8K2.3M-15.5K0.4851.972931411,6482,194
2017-07-13$47.03$50.0038.0%10.9%21.8%51.3%37.0%4.4%-5.5%-136.5K2.5M-15.3K0.6041.612371421,8082,208
2017-07-14$47.67$50.0035.0%10.0%22.3%43.5%36.3%5.1%-4.1%-62.9K1.6M-16.1K0.7950.472291811,9752,214
2017-07-17$47.27$50.0039.5%11.3%22.5%55.4%38.4%4.9%-7.0%-103.6K2.0M-15.5K2.2430.44801792,0012,273
2017-07-18$46.25$50.0037.6%10.8%23.7%50.3%38.0%4.2%-5.4%-183.9K3.1M-14.6K1.8821.65851602,0182,339
2017-07-19$46.97$50.0037.2%10.7%24.2%49.1%36.9%3.3%-5.4%-160.7K2.4M-14.5K1.4816.701131672,0092,356
2017-07-20$47.41$50.0043.4%12.4%23.7%65.5%41.4%5.0%-8.3%-88.6K1.8M-15.5K2.1058.701,3622,8582,0682,368
2017-07-21$43.01$45.0026.9%7.7%41.8%22.0%28.9%4.1%1.7%-336.3K12.2M-11.4K4.907.353321,6283,0293,736
2017-07-24$44.27$45.0025.1%7.2%43.2%17.2%25.1%1.3%-1.7%-423.4K5.0M-14.2K0.6613.441541012,3462,364
2017-07-25$44.80$45.0025.2%7.2%43.5%17.5%25.2%1.8%-1.0%-411.6K4.1M-15.3K1.6312.771792922,4332,379
2017-07-26$43.71$45.0024.4%7.0%43.2%15.4%25.3%2.6%-0.7%-444.1K5.9M-14.7K2.1072.151302732,4892,532
2017-07-27$44.34$45.0023.2%6.7%42.3%12.2%24.1%10.0%0.5%-523.4K5.3M-15.1K2.6855.961293462,5102,537
2017-07-28$45.02$45.0023.5%6.7%42.8%12.8%25.2%1.4%0.3%-500.4K4.1M-16.0K2.4616.641413472,5102,563
2017-07-31$44.32$45.0025.4%7.3%42.9%17.9%27.4%10.4%-1.4%-530.8K5.3M-14.5K1.1415.511812072,5292,563