MANH Options History — January 2018

In January 2018, MANH traded between $49.65 and $53.88. ATM implied volatility averaged 46.5%, placing in the 72.0% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 23.1% (HV 20d: 23.4%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2018-01-04: Highest Volume — 13,417 contracts
  • 2018-01-10: Largest IV spike — 58.4% change
  • 2018-01-26: Highest IV Rank — 100.0%
  • 2018-01-26: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.26$49.65$53.88$50.24$52.81
Max Pain$49.29$45.00$50.00$45.00$50.00
ATM IV46.5%24.1%60.3%24.5%60.3%
Expected Move14.2%6.9%17.3%7.0%17.3%
HV 20d23.4%17.5%26.4%17.5%24.5%
HV 60d25.1%18.4%28.3%26.7%18.5%
IV Rank72.0%14.6%100.0%15.5%100.0%
IV Percentile83.1%9.1%100.0%10.3%99.6%
Term Structure-12.1%-19.8%12.5%12.5%-19.1%
VWIV51.0%25.6%67.3%25.6%67.3%
Skew 25d5.2%-13.5%14.9%10.6%6.2%
Skew 10d6.0%-22.2%40.8%16.8%11.5%
Call IV 25d51.5%17.4%72.5%17.4%70.7%
Put IV 25d56.7%20.6%82.4%28.0%76.9%
Bid-Ask Spread %60.3515.4896.7717.4085.77
Gamma HHI0.710.350.830.370.74
Net GEX784.5K77.3K1.1M101.1K844.5K
Net DEX-15.5M-22.3M-4.8M-5.1M-13.4M
Net VEX-46.0K-58.4K-15.0K-15.2K-45.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.042.351.930.96
Total Volume1,454.71424913,417249538
Total OI9,593.8573,80011,6423,80010,032

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-01-02$50.24$45.0024.5%7.0%17.5%15.5%25.6%10.6%12.5%101.1K-5.1M-15.2K1.9317.40851641,5792,221
2018-01-03$49.65$45.0024.1%6.9%18.5%14.6%27.7%-13.5%10.2%109.0K-4.8M-15.0K2.3596.77771811,5782,222
2018-01-04$51.21$45.0031.2%13.4%19.8%33.3%47.1%3.0%-9.5%77.3K-5.5M-15.0K0.0444.1312,9234941,5822,237
2018-01-05$51.33$50.0028.5%13.8%18.0%26.3%48.0%1.7%-13.3%858.7K-17.6M-55.2K0.1554.711,6292478,0452,516
2018-01-08$52.21$50.0037.9%13.9%18.3%51.0%47.8%11.2%-13.7%964.3K-19.9M-54.9K0.2269.661,0852378,3992,586
2018-01-09$50.35$50.0031.4%13.6%23.8%34.0%49.1%-0.3%-11.3%786.3K-15.8M-52.5K0.2356.399682228,4312,640
2018-01-10$51.39$50.0049.8%14.3%24.4%82.6%49.7%2.0%-13.5%845.0K-18.0M-53.0K0.5552.583892138,4852,658
2018-01-11$51.94$50.0049.3%14.1%24.4%81.2%51.6%1.4%-14.0%946.6K-19.9M-54.4K0.8066.155384308,6232,659
2018-01-12$52.42$50.0049.0%14.0%24.4%80.4%50.0%10.4%-13.7%1.0M-20.5M-58.4K0.5668.686873878,8072,742
2018-01-16$51.98$50.0050.7%14.5%24.9%85.0%51.8%12.1%-15.0%1.0M-19.7M-53.4K0.4768.516823218,8432,799
2018-01-17$51.85$50.0052.9%15.2%25.1%90.8%54.4%1.8%-18.8%925.7K-19.0M-51.2K0.6868.974803278,7052,845
2018-01-18$52.91$50.0050.1%14.4%25.2%83.3%50.3%2.2%-15.0%1.1M-21.6M-51.5K0.8960.074193728,7282,854
2018-01-19$53.43$50.0049.7%14.2%25.2%82.3%51.7%3.8%-14.7%866.2K-22.3M-52.1K0.4929.977563738,7462,889
2018-01-22$53.82$50.0052.9%15.2%25.1%90.9%53.5%3.1%-12.0%894.1K-16.1M-49.9K0.9015.483623246,8562,384
2018-01-23$53.39$50.0051.4%14.8%25.5%87.0%54.4%2.5%-16.0%841.7K-15.4M-48.3K0.6864.174423026,7722,493
2018-01-24$53.00$50.0051.9%14.9%25.9%88.1%54.3%10.0%-14.3%909.7K-13.9M-47.7K2.0877.113056336,8132,527
2018-01-25$52.90$50.0052.5%15.0%26.0%89.7%53.2%3.9%-13.0%849.2K-13.2M-47.6K1.3441.282423256,7452,802
2018-01-26$53.88$50.0060.3%17.3%26.4%100.0%59.6%14.9%-19.8%772.4K-14.2M-49.0K0.3876.989493636,6762,828
2018-01-29$53.75$50.0060.1%17.2%24.4%99.4%62.5%9.9%-14.4%920.2K-15.4M-48.0K1.0472.412502617,2052,884
2018-01-30$52.93$50.0058.7%16.8%24.8%96.2%62.0%12.4%-16.4%864.3K-13.7M-47.4K0.8780.273042637,1192,916
2018-01-31$52.81$50.0060.3%17.3%24.5%100.0%67.3%6.2%-19.1%844.5K-13.4M-45.7K0.9685.772752637,1092,923