MANH Options History — August 2018

In August 2018, MANH traded between $47.84 and $58.13. ATM implied volatility averaged 24.0%, placing in the 3.8% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 1.1% (HV 20d: 25.1%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.83.

Notable Days

  • 2018-08-03: Highest Volume — 511 contracts
  • 2018-08-13: Largest IV spike — 23.1% change
  • 2018-08-13: Highest IV Rank — 11.7%
  • 2018-08-15: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.28$47.84$58.13$47.84$57.96
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV24.0%21.1%29.9%25.2%21.8%
Expected Move6.7%6.0%7.5%7.2%6.3%
HV 20d25.1%16.8%30.0%30.0%17.3%
HV 60d27.1%26.6%27.8%26.6%27.1%
IV Rank3.8%0.0%11.7%5.4%0.9%
IV Percentile10.4%0.0%47.6%15.1%2.4%
Term Structure3.1%-1.7%5.4%-1.7%5.0%
VWIV23.7%20.8%28.7%26.1%23.3%
Skew 25d4.0%-5.0%8.2%4.5%3.9%
Skew 10d10.0%-4.6%16.6%5.8%14.3%
Call IV 25d22.2%17.2%31.4%24.8%21.0%
Put IV 25d26.2%24.5%29.3%29.3%24.8%
Bid-Ask Spread %32.968.9383.6282.319.04
Gamma HHI0.660.470.790.480.54
Net GEX192.2K71.6K347.8K71.6K163.6K
Net DEX-4.0M-6.3M-212.6K-212.6K-5.7M
Net VEX-9.9K-11.7K-7.6K-11.2K-7.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.361.570.930.66
Total Volume319.391156511464193
Total OI2,493.7391,8523,2182,5612,086

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$47.84$50.0025.2%7.2%30.0%5.4%26.1%4.5%-1.7%71.6K-212.6K-11.2K0.9382.312402241,2841,277
2018-08-02$48.41$50.0024.0%6.9%28.9%3.8%24.5%4.5%-1.0%118.6K-589.6K-11.6K0.9012.272292061,3021,307
2018-08-03$49.27$50.0024.3%7.0%27.9%4.2%24.5%6.0%-0.5%174.5K-1.4M-11.6K0.9015.432692421,3051,308
2018-08-06$50.39$50.0025.1%6.7%28.6%5.3%21.6%4.2%3.5%241.2K-2.7M-11.7K0.619.762081271,3851,383
2018-08-07$50.69$50.0025.1%6.8%26.6%5.4%21.4%4.9%4.0%246.6K-3.1M-11.4K0.5719.942191251,3991,404
2018-08-08$50.68$50.0024.8%6.8%26.6%4.9%20.8%4.7%3.2%279.7K-3.3M-11.7K0.5754.442191251,5301,411
2018-08-09$51.20$50.0024.4%6.7%26.2%4.4%21.5%3.4%3.9%272.0K-4.0M-11.1K0.5847.292171251,5301,411
2018-08-10$50.96$50.0024.3%6.8%26.2%4.2%22.3%3.9%3.7%311.1K-3.6M-11.1K0.8527.841451231,5311,417
2018-08-13$50.58$50.0029.9%7.0%26.2%11.7%21.4%4.8%3.3%347.8K-3.3M-10.8K1.0224.911221241,5911,412
2018-08-14$52.14$50.0027.4%7.4%28.0%8.4%24.4%4.1%1.7%207.5K-5.1M-9.4K1.0726.461291381,5921,425
2018-08-15$51.59$50.0026.0%7.5%28.3%6.5%23.3%3.7%0.9%241.1K-4.2M-10.0K1.5783.62801261,5491,447
2018-08-16$52.81$50.0023.0%6.6%29.3%2.4%23.4%5.2%3.0%161.6K-5.4M-8.7K0.5248.272311211,5491,464
2018-08-17$53.62$50.0022.3%6.4%29.6%1.5%22.7%3.4%2.8%115.6K-6.3M-9.8K0.4679.582231031,7181,500
2018-08-20$53.91$50.0021.6%6.2%29.6%0.6%22.9%8.2%4.2%159.4K-3.3M-9.6K0.5841.02118681,118734
2018-08-21$54.78$50.0023.0%6.6%28.9%2.5%24.5%4.0%3.6%162.5K-3.8M-9.5K0.3616.74165591,120734
2018-08-22$55.36$50.0023.6%6.8%25.2%3.2%28.3%-5.0%3.9%168.5K-4.3M-9.7K1.3054.671772301,178744
2018-08-23$55.90$50.0022.9%6.6%22.6%2.3%28.7%2.8%5.4%167.3K-4.6M-9.3K1.2725.121812301,186775
2018-08-24$56.78$50.0024.3%7.0%21.4%4.1%25.2%4.6%3.5%154.2K-5.0M-8.9K0.8914.652592301,189785
2018-08-27$56.79$50.0024.3%7.0%18.0%4.2%24.8%3.3%4.2%176.4K-5.1M-8.8K0.9316.282592401,267791
2018-08-28$57.70$50.0021.4%6.1%18.2%0.3%23.3%3.0%4.1%163.2K-5.6M-8.0K0.8630.1290771,267796
2018-08-29$58.05$50.0021.1%6.0%16.8%0.0%23.2%5.2%4.9%158.4K-5.7M-7.7K0.798.9397771,276796
2018-08-30$58.13$50.0021.8%6.2%17.1%0.9%23.3%5.2%4.9%159.0K-5.8M-7.7K0.979.3679771,287796
2018-08-31$57.96$50.0021.8%6.3%17.3%0.9%23.3%3.9%5.0%163.6K-5.7M-7.6K0.669.04116771,290796