MANH Options History — May 2018

In May 2018, MANH traded between $42.42 and $45.20. ATM implied volatility averaged 25.8%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 3.1% (HV 20d: 22.7%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 2.57.

Notable Days

  • 2018-05-11: Highest Volume — 702 contracts
  • 2018-05-03: Largest IV spike — 12.3% change
  • 2018-05-03: Highest IV Rank — 15.0%
  • 2018-05-03: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.74$42.42$45.20$42.92$43.55
Max Pain$44.55$40.00$45.00$40.00$45.00
ATM IV25.8%23.9%30.2%27.7%24.3%
Expected Move7.4%6.9%8.4%7.9%7.0%
HV 20d22.7%17.2%29.1%29.1%17.8%
HV 60d27.8%23.6%47.0%47.0%23.7%
IV Rank9.4%6.9%15.0%11.8%7.4%
IV Percentile20.2%6.3%44.8%35.3%8.3%
Term Structure1.0%-0.9%3.1%-0.9%2.3%
VWIV25.7%23.8%28.2%28.2%24.3%
Skew 25d4.8%1.2%8.3%3.1%5.8%
Skew 10d7.5%-12.3%15.5%6.3%10.6%
Call IV 25d23.9%19.9%27.8%27.8%23.9%
Put IV 25d28.7%26.2%30.9%30.9%29.7%
Bid-Ask Spread %39.6915.4287.5915.4223.20
Gamma HHI0.650.270.960.820.28
Net GEX275.0K-571764.5K294.6K3.7K
Net DEX-1.1M-4.1M373.3K-1.2M241.6K
Net VEX-5.9K-9.1K-3.7K-9.1K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.570.235.312.895.17
Total Volume276.636177702179222
Total OI2,640.3649263,7963,792939

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$42.92$40.0027.7%7.9%29.1%11.8%28.2%3.1%-0.9%294.6K-1.2M-9.1K2.8915.42461331,9951,797
2018-05-02$42.65$40.0026.9%7.7%24.6%10.7%28.1%2.5%-0.4%279.9K-992.2K-8.3K3.0287.59471421,9991,797
2018-05-03$42.42$45.0030.2%8.4%24.7%15.0%27.3%4.3%-0.7%241.7K-668.7K-7.8K2.9344.44451321,9971,797
2018-05-04$43.24$45.0027.0%7.6%25.5%10.9%26.6%2.5%0.4%359.4K-1.5M-8.5K2.7527.41481321,9941,796
2018-05-07$43.78$45.0027.2%7.7%25.4%11.2%26.8%2.6%-0.4%455.4K-1.9M-8.4K1.9021.39701331,9941,796
2018-05-08$44.20$45.0027.2%7.8%25.3%11.2%27.3%3.7%0.5%525.1K-2.5M-8.4K2.2225.03591311,9861,790
2018-05-09$44.75$45.0026.0%7.5%25.4%9.6%26.0%3.8%0.5%588.3K-3.4M-8.5K2.1676.81631361,9871,790
2018-05-10$45.20$45.0025.6%7.3%25.4%9.1%25.5%1.4%1.2%640.0K-4.0M-8.0K1.7029.19801361,9891,783
2018-05-11$45.14$45.0025.3%7.2%24.6%8.7%25.3%1.2%0.9%764.5K-4.1M-7.8K0.2366.355711311,9951,783
2018-05-14$44.40$45.0025.7%7.4%25.0%9.2%25.4%8.2%0.5%571.8K-1.8M-5.7K1.9820.79661311,5981,783
2018-05-15$44.09$45.0025.9%7.4%24.8%9.6%25.9%7.3%1.1%514.6K-1.1M-5.1K0.5475.902421311,5961,784
2018-05-16$44.24$45.0025.8%7.4%24.7%9.4%25.8%8.2%-0.0%483.5K-1.2M-4.8K0.4435.453011311,4391,784
2018-05-17$43.65$45.0024.9%7.1%25.2%8.2%24.9%5.9%1.3%285.7K-418.8K-4.1K1.7856.731502671,4261,784
2018-05-18$43.99$45.0024.8%7.1%20.5%8.0%24.8%8.3%1.3%12.0K-133.0K-4.3K1.8218.251472671,5021,832
2018-05-21$43.68$45.0023.9%6.9%19.7%6.9%23.8%7.0%3.1%12.1K103.3K-4.2K2.7420.3472197510439
2018-05-22$43.87$45.0024.0%6.9%19.7%7.0%24.0%6.9%1.4%5.6K130.3K-4.0K2.7451.5772197485441
2018-05-23$44.15$45.0024.0%6.9%19.3%7.0%24.1%6.2%2.6%7.0K76.3K-4.3K2.7021.4973197497441
2018-05-24$43.65$45.0024.6%7.1%19.1%7.9%24.7%6.1%2.0%5.7K142.5K-4.1K3.1857.5062197499441
2018-05-25$42.75$45.0025.9%7.4%19.0%9.5%26.1%3.2%0.8%-344342.6K-3.9K3.7118.8355204495441
2018-05-29$43.06$45.0026.5%7.6%17.3%10.3%26.4%3.0%1.1%347330.2K-3.7K4.5357.8645204485448
2018-05-30$42.94$45.0025.1%7.2%17.2%8.5%25.3%4.0%2.9%-571373.3K-3.7K5.3121.6435186485449
2018-05-31$43.55$45.0024.3%7.0%17.8%7.4%24.3%5.8%2.3%3.7K241.6K-3.8K5.1723.2036186488451