MANH Options History — October 2018

In October 2018, MANH traded between $44.59 and $53.46. ATM implied volatility averaged 38.2%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 10.2% (HV 20d: 28.0%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.74.

Notable Days

  • 2018-10-25: Highest Volume — 1,418 contracts
  • 2018-10-10: Largest IV spike — 41.4% change
  • 2018-10-11: Highest IV Rank — 36.3%
  • 2018-10-11: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.64$44.59$53.46$53.46$47.65
Max Pain$51.74$50.00$55.00$55.00$50.00
ATM IV38.2%26.9%48.1%35.8%31.9%
Expected Move11.4%7.7%13.8%10.3%9.1%
HV 20d28.0%22.1%41.8%22.9%41.8%
HV 60d26.2%23.4%30.1%24.2%30.1%
IV Rank23.0%7.8%36.3%19.8%14.5%
IV Percentile73.0%34.9%89.3%71.8%58.7%
Term Structure-5.9%-11.9%10.0%0.8%-1.5%
VWIV38.3%24.8%46.2%38.1%32.1%
Skew 25d6.6%2.8%14.1%2.8%4.8%
Skew 10d15.2%5.9%25.5%8.7%20.3%
Call IV 25d38.0%27.5%45.4%37.0%31.8%
Put IV 25d44.6%30.7%57.2%39.8%36.6%
Bid-Ask Spread %41.845.0392.9432.5436.69
Gamma HHI0.370.180.780.340.78
Net GEX47.9K-6.5K200.7K47.4K200.7K
Net DEX-408.1K-2.0M1.9M-1.3M-1.4M
Net VEX-6.8K-12.1K-5.0K-8.5K-12.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.084.371.183.00
Total Volume469.7391411,418148995
Total OI1,783.3917582,5711,6502,554

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-10-01$53.46$55.0035.8%10.3%22.9%19.8%38.1%2.8%0.8%47.4K-1.3M-8.5K1.1832.5468801,120530
2018-10-02$52.74$55.0036.7%10.5%23.1%20.9%39.6%3.7%0.8%41.1K-1.1M-8.1K1.3950.4259821,131535
2018-10-03$52.91$55.0026.9%7.7%23.0%7.8%29.7%3.3%10.0%13.3K-1.0M-7.6K1.395.0359821,132546
2018-10-04$52.10$55.0031.2%11.5%22.5%13.6%39.2%5.8%-7.3%14.6K-790.0K-7.2K1.3718.4660821,132540
2018-10-05$51.56$55.0030.6%11.5%22.1%12.7%39.3%5.9%-7.8%15.2K-680.1K-7.0K1.5419.9161941,132539
2018-10-08$50.23$55.0033.0%11.8%23.2%16.0%40.6%6.0%-8.4%20.7K-333.4K-6.4K2.2017.04651431,133552
2018-10-09$49.83$55.0033.3%11.9%23.2%16.3%41.1%6.8%-8.5%20.2K-280.1K-6.1K2.6512.23651721,133548
2018-10-10$47.19$55.0047.0%13.5%25.6%34.9%41.4%7.5%-10.3%8.5K391.8K-5.4K2.4651.15721771,133595
2018-10-11$46.85$50.0048.1%13.8%23.9%36.3%42.7%7.5%-11.9%11.8K257.0K-5.4K1.9553.91911771,153557
2018-10-12$47.67$50.0041.8%12.0%24.6%27.9%41.6%7.6%-8.6%12.1K-164.2K-5.5K0.7341.2091661,159507
2018-10-15$48.74$50.0043.7%12.5%27.0%30.3%42.9%7.2%-11.0%4.8K-351.4K-5.5K0.7371.1891661,159508
2018-10-16$49.52$50.0041.6%11.9%27.7%27.6%41.6%6.3%-8.5%-6.5K-580.1K-5.6K0.6932.2695661,154508
2018-10-17$49.10$50.0041.7%12.0%27.4%27.7%41.8%6.2%-9.1%-3.5K-442.3K-5.4K1.8340.15951741,164508
2018-10-18$48.52$50.0043.0%12.3%27.4%29.5%42.2%7.3%-10.2%32.8K-566.6K-5.0K1.3959.041241721,164437
2018-10-19$47.95$50.0042.3%12.1%27.4%28.5%42.1%7.6%-9.6%32.2K-487.1K-5.1K1.3244.211241641,187437
2018-10-22$48.09$50.0046.1%13.2%27.2%33.6%46.2%10.1%-9.2%32.1K-632.6K-5.3K0.0864.3288067608150
2018-10-23$47.84$50.0043.4%12.4%26.8%29.9%44.4%14.1%-7.1%148.8K-2.0M-9.2K0.8767.915544841,412197
2018-10-24$44.78$50.0033.3%9.5%33.5%16.3%24.8%6.8%-1.8%42.9K1.9M-7.6K4.3751.971506551,740831
2018-10-25$44.89$50.0034.0%9.7%33.7%17.3%27.4%6.0%-2.0%77.6K396.1K-6.6K0.6115.068825361,644472
2018-10-26$45.36$50.0035.0%10.0%34.5%18.7%26.0%6.0%-3.1%91.7K243.1K-6.7K3.7765.361425361,645472
2018-10-29$44.59$50.0039.5%11.3%34.3%24.7%42.3%6.1%-6.3%73.9K400.8K-6.3K2.7492.942015501,646473
2018-10-30$47.25$50.0039.4%11.3%41.7%24.7%34.4%6.1%-4.2%168.4K-798.8K-8.7K1.8219.254097461,655486
2018-10-31$47.65$50.0031.9%9.1%41.8%14.5%32.1%4.8%-1.5%200.7K-1.4M-12.1K3.0036.692497461,897657