MANH Options History — April 2018

In April 2018, MANH traded between $40.09 and $44.19. ATM implied volatility averaged 40.3%, placing in the 28.2% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 11.9% (HV 20d: 28.4%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.95.

Notable Days

  • 2018-04-23: Highest Volume — 1,533 contracts
  • 2018-04-25: Largest IV drop — 43.6% change
  • 2018-04-02: Highest IV Rank — 55.4%
  • 2018-04-02: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.12$40.09$44.19$40.41$43.16
Max Pain$44.05$40.00$45.00$45.00$40.00
ATM IV40.3%26.5%61.2%61.2%28.0%
Expected Move12.3%7.6%17.5%17.5%8.0%
HV 20d28.4%22.1%31.8%22.4%29.2%
HV 60d46.6%46.0%47.5%46.5%47.5%
IV Rank28.2%10.2%55.4%55.4%12.2%
IV Percentile70.8%28.6%98.4%98.4%37.7%
Term Structure-7.2%-15.3%0.7%-15.3%-1.3%
VWIV43.2%27.7%58.5%58.5%28.9%
Skew 25d5.2%-0.9%24.9%11.8%3.2%
Skew 10d11.0%0.9%45.9%28.6%7.5%
Call IV 25d41.0%23.2%60.3%60.3%27.6%
Put IV 25d46.2%29.3%72.1%72.1%30.8%
Bid-Ask Spread %46.3614.3199.2199.2116.84
Gamma HHI0.710.310.930.520.83
Net GEX-90.2K-410.7K383.5K-110.9K316.3K
Net DEX969.1K-2.7M3.9M3.2M-1.6M
Net VEX-8.6K-12.3K-4.6K-12.0K-9.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.950.287.241.763.25
Total Volume422.6192041,533282204
Total OI4,577.0483,3275,0994,8803,793

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$40.41$45.0061.2%17.5%22.4%55.4%58.5%11.8%-15.3%-110.9K3.2M-12.0K1.7699.211021802,7042,176
2018-04-03$40.09$45.0051.0%14.6%22.1%42.2%51.6%24.9%-12.3%-190.8K3.9M-10.6K2.0593.461022092,7102,171
2018-04-04$41.96$45.0037.9%10.9%28.3%25.1%42.6%0.6%-1.9%-252.0K2.3M-8.9K1.7391.481041802,7042,177
2018-04-05$41.99$45.0030.0%12.8%27.9%14.8%43.5%4.4%-9.8%-273.2K2.0M-8.5K1.6933.921051772,7092,139
2018-04-06$41.80$45.0030.9%12.0%27.9%15.9%42.0%2.8%-4.0%-298.0K2.2M-8.7K1.6542.681111832,7082,156
2018-04-09$41.38$45.0031.8%13.2%27.2%17.2%42.9%5.8%-8.7%-348.8K2.5M-8.0K1.5021.391311972,7082,153
2018-04-10$41.84$45.0033.0%12.8%27.7%18.7%42.9%4.7%-6.6%-307.4K2.1M-7.6K2.1835.241372982,7232,156
2018-04-11$41.63$45.0044.1%12.6%27.6%33.2%42.9%4.4%-7.9%-373.2K2.1M-7.8K2.1456.501382952,7552,147
2018-04-12$41.97$45.0044.8%12.8%27.7%34.0%43.6%4.4%-8.4%-293.9K1.6M-7.0K2.7035.871123022,7562,149
2018-04-13$41.39$45.0044.7%12.8%27.9%34.0%43.4%3.9%-8.8%-410.7K2.2M-7.2K2.5830.961122892,7562,157
2018-04-16$42.23$45.0046.4%13.3%28.9%36.2%44.9%5.7%-11.2%-255.3K1.5M-6.4K0.6726.453172132,7562,177
2018-04-17$42.84$45.0043.1%12.4%29.2%31.9%43.9%4.8%-8.4%-37.9K803.8K-5.4K0.6014.313111882,9102,189
2018-04-18$43.14$45.0044.5%12.8%29.3%33.7%45.1%2.5%-9.7%-3.6K760.4K-5.2K1.1139.181671862,9102,189
2018-04-19$42.95$45.0043.0%12.3%29.3%31.7%44.2%-0.9%-8.3%-89.1K859.3K-5.5K1.0868.381621752,8642,193
2018-04-20$41.33$45.0048.5%13.9%31.8%38.9%47.3%7.5%-11.6%-17.5K1.1M-4.6K1.1668.581762052,8692,205
2018-04-23$42.20$45.0048.2%13.8%29.9%38.6%56.6%3.7%-4.2%70.5K-685.5K-11.9K7.2474.131861,3471,5711,756
2018-04-24$42.07$45.0052.1%14.9%30.0%43.6%50.8%0.8%-12.9%67.3K-662.3K-12.3K0.2862.916281741,6051,786
2018-04-25$42.62$40.0029.4%8.4%30.3%14.0%33.0%2.5%0.7%235.3K-1.3M-11.1K0.9929.981351332,0071,861
2018-04-26$43.30$40.0027.4%7.9%30.6%11.4%29.6%5.8%-0.9%295.7K-1.8M-11.1K0.9915.211451442,0041,841
2018-04-27$44.19$40.0026.5%7.6%31.1%10.2%27.7%6.0%-0.1%383.5K-2.7M-11.4K3.5716.79471681,9991,819
2018-04-30$43.16$40.0028.0%8.0%29.2%12.2%28.9%3.2%-1.3%316.3K-1.6M-9.8K3.2516.84481561,9941,799