MANH Options History — November 2023

In November 2023, MANH traded between $197.26 and $224.51. ATM implied volatility averaged 26.2%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 6.2% (HV 20d: 32.4%). Max pain ranged from $190.00 to $200.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.70.

Notable Days

  • 2023-11-03: Highest Volume — 320 contracts
  • 2023-11-10: Largest IV spike — 10.6% change
  • 2023-11-01: Highest IV Rank — 25.3%
  • 2023-11-01: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$216.43$197.26$224.51$197.26$222.54
Max Pain$198.10$190.00$200.00$195.00$200.00
ATM IV26.2%23.5%29.6%29.6%26.7%
Expected Move7.5%6.7%8.5%8.5%7.7%
HV 20d32.4%25.1%37.9%34.2%25.5%
HV 60d29.4%28.2%30.4%28.2%29.0%
IV Rank18.0%12.3%25.3%25.3%19.2%
IV Percentile26.2%12.3%39.7%39.3%34.1%
Term Structure-0.2%-2.5%1.2%0.5%-2.5%
VWIV26.6%23.2%33.1%33.1%29.2%
Skew 25d2.6%-0.6%5.1%5.1%2.4%
Skew 10d5.5%-3.3%8.1%7.9%7.1%
Call IV 25d25.1%22.5%27.5%26.8%25.9%
Put IV 25d27.7%23.2%31.9%31.9%28.2%
Bid-Ask Spread %84.1673.5298.8781.4889.83
Gamma HHI0.230.150.550.150.20
Net GEX927.0K182.1K2.1M182.1K859.5K
Net DEX-15.0M-22.0M-3.8M-3.8M-13.8M
Net VEX-58.8K-62.0K-55.5K-55.5K-60.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.007.534.782.14
Total Volume121.714432020822
Total OI2,924.0482,5393,3372,7482,716

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$197.26$195.0029.6%8.5%34.2%25.3%33.1%5.1%0.5%182.1K-3.8M-55.5K4.7881.48361721,789959
2023-11-02$200.38$190.0027.3%8.2%34.7%20.4%29.2%3.4%0.4%323.2K-5.9M-57.0K3.7073.5223851,822918
2023-11-03$208.76$195.0027.5%8.2%35.5%20.7%31.1%2.2%-0.6%585.9K-11.2M-58.3K0.4774.862171031,825963
2023-11-06$207.85$195.0027.6%7.7%35.6%21.0%27.3%5.1%0.8%671.5K-10.9M-56.8K0.9575.0776721,982989
2023-11-07$211.92$195.0029.2%7.8%35.9%24.4%26.0%3.7%0.1%791.0K-13.5M-58.0K0.5475.68166892,0051,052
2023-11-08$212.28$195.0026.9%7.7%35.8%19.4%25.5%3.9%-1.1%993.5K-14.7M-61.1K0.5978.3237222,1431,078
2023-11-09$206.93$195.0026.1%7.5%36.1%17.8%26.0%0.3%1.2%709.7K-10.2M-58.5K1.0777.4242452,1471,091
2023-11-10$213.97$200.0028.9%8.3%36.9%23.7%26.9%3.0%-0.9%1.0M-15.8M-62.0K0.9578.9937352,1571,129
2023-11-13$214.05$200.0027.3%7.8%36.2%20.4%27.2%3.5%-0.5%1.1M-15.8M-60.2K2.5082.018202,1631,133
2023-11-14$221.59$200.0024.6%7.1%37.9%14.7%25.4%2.8%1.0%1.2M-22.0M-59.7K0.2183.41251532,1641,151
2023-11-15$220.41$200.0026.5%7.6%36.6%18.8%26.9%2.5%0.6%1.2M-20.6M-59.4K0.3781.05180672,1781,159
2023-11-16$221.55$200.0026.6%7.6%34.1%19.0%27.0%2.9%0.4%1.2M-21.1M-60.1K2.4583.7929712,1591,151
2023-11-17$220.82$200.0024.3%7.0%32.3%14.1%25.4%2.2%-0.2%2.1M-20.9M-55.6K0.2285.04235522,1681,154
2023-11-20$222.84$200.0024.9%7.1%29.1%15.3%24.7%2.6%0.1%910.4K-16.2M-61.4K0.3788.7943161,852687
2023-11-21$223.75$200.0024.5%7.0%28.5%14.5%23.8%2.6%-1.6%930.2K-16.7M-60.1K4.4091.055221,862692
2023-11-22$222.06$200.0023.5%6.7%28.9%12.4%23.2%2.5%1.1%909.4K-15.3M-59.8K0.9689.9423221,864712
2023-11-24$223.24$200.0023.5%6.7%28.9%12.3%0.0%-0.6%-1.6%941.8K-16.6M-60.6K0.0098.87401,870722
2023-11-27$224.51$200.0023.6%6.8%26.1%12.6%23.2%1.8%-0.6%972.8K-17.0M-57.1K1.4591.5711161,870722
2023-11-28$224.44$200.0025.5%7.3%26.3%16.6%0.0%2.8%-0.3%953.8K-16.7M-57.0K0.0092.73401,873730
2023-11-29$223.83$200.0025.4%7.3%25.1%16.4%24.8%0.9%-0.5%961.0K-16.5M-56.2K7.5393.92171281,874730
2023-11-30$222.54$200.0026.7%7.7%25.5%19.2%29.2%2.4%-2.5%859.5K-13.8M-60.6K2.1489.837151,870846