MANH Options History — November 2018

In November 2018, MANH traded between $46.62 and $50.27. ATM implied volatility averaged 31.4%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 8.3% (HV 20d: 39.8%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2018-11-01: Highest Volume — 989 contracts
  • 2018-11-14: Largest IV drop — 21.2% change
  • 2018-11-13: Highest IV Rank — 22.2%
  • 2018-11-20: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.54$46.62$50.27$48.57$49.50
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV31.4%26.2%37.6%30.4%31.8%
Expected Move8.8%7.7%10.6%8.7%9.1%
HV 20d39.8%33.8%45.7%42.5%33.8%
HV 60d31.8%30.1%33.8%30.4%33.6%
IV Rank13.9%6.9%22.2%12.5%14.4%
IV Percentile54.1%29.8%74.2%52.0%54.8%
Term Structure-1.3%-3.1%0.3%-0.9%-2.4%
VWIV30.6%27.0%33.9%30.4%32.4%
Skew 25d5.3%3.4%8.8%8.8%4.9%
Skew 10d11.4%5.3%22.0%14.2%5.3%
Call IV 25d29.4%25.4%33.2%26.7%31.4%
Put IV 25d34.7%30.5%39.6%35.5%36.2%
Bid-Ask Spread %56.4819.8485.3857.5061.97
Gamma HHI0.600.260.930.830.28
Net GEX269.8K38.0K1.3M256.2K56.1K
Net DEX-1.6M-4.7M-528.0K-2.1M-1.3M
Net VEX-9.1K-12.7K-7.3K-12.7K-7.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.583.073.070.77
Total Volume542.143469989989528
Total OI2,049.5711,2632,6172,5471,376

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$48.57$50.0030.4%8.7%42.5%12.5%30.4%8.8%-0.9%256.2K-2.1M-12.7K3.0757.502437461,888659
2018-11-02$48.91$50.0030.3%8.7%42.6%12.4%30.8%8.6%0.3%278.5K-2.5M-12.7K1.0582.382432541,888659
2018-11-05$47.70$50.0033.1%8.5%42.5%16.2%29.6%5.3%-0.8%213.2K-1.2M-10.8K1.0528.652432561,888659
2018-11-06$47.73$50.0031.3%8.5%42.5%13.8%30.5%5.9%-1.0%219.7K-1.1M-10.7K0.8458.392562141,888661
2018-11-07$48.92$50.0029.1%7.7%38.7%10.7%27.1%4.6%-0.2%342.1K-2.2M-11.1K0.8420.152552141,887669
2018-11-08$49.33$50.0026.2%7.8%38.6%6.9%27.1%5.0%-0.4%427.2K-2.7M-11.2K0.8473.442552141,887669
2018-11-09$49.78$50.0027.8%7.7%38.3%9.1%27.0%5.0%0.1%453.7K-3.2M-10.9K0.7656.912812141,887669
2018-11-12$47.94$50.0032.6%8.5%40.0%15.5%29.7%5.0%-0.9%269.2K-980.6K-8.9K0.7254.112842051,889669
2018-11-13$47.83$50.0037.6%8.9%39.5%22.2%31.2%3.9%-2.6%223.0K-653.1K-8.9K0.5865.063802221,897668
2018-11-14$48.65$50.0029.6%8.5%39.9%11.5%30.0%4.7%-1.1%405.9K-1.4M-8.7K0.6575.743402201,943668
2018-11-15$49.59$50.0029.8%8.5%40.3%11.7%29.8%4.4%-1.2%884.9K-2.5M-8.9K0.6585.383402201,947669
2018-11-16$50.27$50.0028.7%8.2%40.2%10.3%28.7%4.6%-0.6%1.3M-4.7M-7.8K1.0082.152532521,948669
2018-11-19$47.53$50.0031.9%9.2%45.2%14.6%32.5%3.5%-0.9%46.1K-851.2K-7.3K0.8570.33300255909354
2018-11-20$46.62$50.0037.1%10.6%45.7%21.5%33.9%7.8%-3.1%38.0K-528.0K-7.6K0.7438.61300221958399
2018-11-21$47.47$50.0035.4%10.2%39.2%19.3%30.8%5.8%-2.2%42.2K-743.1K-7.9K0.7055.24316221958409
2018-11-23$48.11$50.0031.4%9.0%39.4%13.9%31.8%3.4%-1.8%46.4K-940.3K-8.0K0.7084.56316221958409
2018-11-26$48.13$50.0031.4%9.0%39.3%13.9%31.9%5.6%-1.3%46.0K-884.0K-7.5K0.7421.24298221958409
2018-11-27$47.90$50.0032.0%9.2%38.7%14.7%32.9%4.8%-1.8%45.5K-823.7K-7.4K0.7719.84298230958409
2018-11-28$49.27$50.0031.2%8.9%34.3%13.6%31.7%5.4%-2.0%52.3K-1.2M-7.3K0.7725.07298230958418
2018-11-29$49.69$50.0031.4%9.0%34.3%13.8%31.8%5.3%-2.3%56.6K-1.4M-7.3K0.7769.26298230958418
2018-11-30$49.50$50.0031.8%9.1%33.8%14.4%32.4%4.9%-2.4%56.1K-1.3M-7.3K0.7761.97298230958418