MANH Options History — July 2018

In July 2018, MANH traded between $47.34 and $50.95. ATM implied volatility averaged 34.5%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 4.3% (HV 20d: 30.2%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 2.42.

Notable Days

  • 2018-07-25: Highest Volume — 1,476 contracts
  • 2018-07-11: Largest IV spike — 49.5% change
  • 2018-07-23: Highest IV Rank — 34.7%
  • 2018-07-23: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.42$47.34$50.95$47.34$48.30
Max Pain$49.52$45.00$50.00$45.00$50.00
ATM IV34.5%23.8%46.9%32.9%24.6%
Expected Move10.6%6.8%13.5%9.4%7.1%
HV 20d30.2%23.0%34.5%31.9%29.8%
HV 60d25.6%24.5%26.8%25.1%26.6%
IV Rank17.9%3.5%34.7%15.8%4.6%
IV Percentile52.2%5.2%88.9%59.5%10.3%
Term Structure-5.1%-11.4%6.9%5.7%-1.0%
VWIV39.8%24.1%51.4%37.4%25.1%
Skew 25d5.1%1.9%7.6%4.0%3.8%
Skew 10d10.5%-1.3%18.1%15.8%18.1%
Call IV 25d35.2%20.5%45.4%27.7%24.6%
Put IV 25d40.3%25.8%51.3%31.6%28.4%
Bid-Ask Spread %24.7112.1471.6214.6028.35
Gamma HHI0.540.380.860.430.44
Net GEX105.7K-96.2K667.2K29.3K62.1K
Net DEX-1.1M-1.8M471.4K-534.1K-327.2K
Net VEX-9.1K-12.5K-7.6K-7.8K-11.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.420.584.732.720.79
Total Volume616.1433411,476495613
Total OI1,975.3331,5592,9101,5592,568

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$47.34$45.0032.9%9.4%31.9%15.8%37.4%4.0%5.7%29.3K-534.1K-7.8K2.7214.60133362762797
2018-07-03$47.71$45.0029.4%8.4%31.7%11.1%31.5%1.9%6.9%35.6K-685.3K-7.8K2.6471.62138364762797
2018-07-05$48.90$50.0026.0%10.7%32.5%6.5%41.0%4.3%-5.1%57.5K-932.8K-7.9K2.0419.04140285768875
2018-07-06$50.23$50.0024.0%10.9%33.0%3.8%40.3%5.6%-5.5%79.6K-1.5M-8.0K1.9724.42174342773942
2018-07-09$50.95$50.0026.1%11.1%32.1%6.6%42.4%5.1%-6.3%84.9K-1.8M-7.7K3.1725.691083427781,013
2018-07-10$49.49$50.0027.2%11.4%34.2%8.1%42.9%4.9%-7.1%81.3K-1.2M-7.9K2.3530.251563677771,013
2018-07-11$49.72$50.0040.6%11.6%34.2%26.2%43.2%5.9%-7.7%75.4K-1.1M-8.0K2.4917.531263147511,048
2018-07-12$50.55$50.0040.9%11.7%34.5%26.5%43.7%6.7%-6.3%83.6K-1.4M-7.8K2.4920.791263147531,047
2018-07-13$50.26$50.0040.6%11.7%34.0%26.2%44.4%4.9%-7.7%94.4K-1.4M-7.6K2.2421.551393117531,047
2018-07-16$49.86$50.0043.4%12.4%31.0%30.0%46.4%6.3%-9.9%112.7K-1.3M-7.8K2.5726.771213117841,052
2018-07-17$50.39$50.0042.2%12.1%31.2%28.4%47.6%5.4%-9.0%137.4K-1.6M-7.7K2.8312.141193377871,052
2018-07-18$50.10$50.0045.0%12.9%29.2%32.0%50.1%6.9%-10.3%161.7K-1.3M-8.0K2.2713.251222777871,142
2018-07-19$50.15$50.0044.3%12.7%26.8%31.2%47.8%5.8%-9.6%281.8K-1.3M-7.9K2.5718.241203087881,143
2018-07-20$50.08$50.0046.1%13.2%26.7%33.5%47.0%6.7%-10.4%667.2K-1.4M-7.9K0.5840.195363128101,212
2018-07-23$50.25$50.0046.9%13.5%26.3%34.7%51.4%6.2%-11.4%45.1K-1.6M-10.4K2.9724.0586255863892
2018-07-24$49.40$50.0045.8%13.1%23.0%33.1%50.3%5.9%-10.0%39.2K-1.3M-10.6K4.5715.082391,092883905
2018-07-25$47.82$50.0023.8%6.8%25.7%3.5%26.7%3.5%-0.4%-96.2K471.4K-12.5K2.0928.494779991,0681,842
2018-07-26$49.65$50.0023.9%6.9%27.6%3.7%27.0%2.0%-0.9%102.1K-1.4M-11.9K4.7315.281989371,1811,266
2018-07-27$48.90$50.0023.9%6.8%28.2%3.7%24.1%7.6%0.1%76.2K-780.8K-11.9K1.2138.802953561,1811,250
2018-07-30$47.71$50.0026.0%7.4%29.6%6.5%26.3%3.2%-1.1%9.1K238.2K-11.6K1.6112.702253631,1981,372
2018-07-31$48.30$50.0024.6%7.1%29.8%4.6%25.1%3.8%-1.0%62.1K-327.2K-11.7K0.7928.353432701,2531,315