MANH Options History — March 2017

In March 2017, MANH traded between $48.60 and $52.26. ATM implied volatility averaged 29.6%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 10.1% (HV 20d: 19.5%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.93.

Notable Days

  • 2017-03-03: Highest Volume — 943 contracts
  • 2017-03-13: Largest IV spike — 12.8% change
  • 2017-03-16: Highest IV Rank — 28.0%
  • 2017-03-16: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.21$48.60$52.26$50.77$52.26
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV29.6%25.5%33.3%27.0%30.9%
Expected Move8.8%7.3%9.5%7.7%8.9%
HV 20d19.5%14.0%33.5%33.5%24.0%
HV 60d30.4%29.7%31.1%30.0%30.8%
IV Rank15.7%1.9%28.0%5.0%20.2%
IV Percentile33.8%6.3%55.2%15.1%44.0%
Term Structure1.5%-1.2%5.2%2.4%2.5%
VWIV31.0%26.9%34.9%28.0%29.2%
Skew 25d3.0%1.0%5.0%4.4%3.3%
Skew 10d4.9%-7.7%14.3%10.7%3.8%
Call IV 25d30.4%27.7%33.1%28.8%27.7%
Put IV 25d33.3%31.0%35.6%33.2%31.0%
Bid-Ask Spread %84.0961.2594.8784.3480.81
Gamma HHI0.340.230.450.360.34
Net GEX5.0K-77.8K88.1K-24.0K83.0K
Net DEX-101.8K-1.5M891.8K-108.7K-674.8K
Net VEX-7.4K-9.4K-6.0K-9.0K-6.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.172.110.501.34
Total Volume417.739238943373340
Total OI2,369.3911,9662,5541,9662,417

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-03-01$50.77$50.0027.0%7.7%33.5%5.0%28.0%4.4%2.4%-24.0K-108.7K-9.0K0.5084.342481251,200766
2017-03-02$50.96$50.0025.9%7.4%14.5%2.6%26.9%3.9%4.7%-29.0K-192.4K-8.8K0.5286.962461281,200769
2017-03-03$50.71$50.0025.5%7.3%14.0%1.9%27.3%3.2%5.2%-37.0K-113.6K-8.8K0.1794.878091341,202784
2017-03-06$49.89$50.0027.0%9.1%14.5%5.1%31.9%2.2%0.2%-34.7K231.9K-9.4K0.7487.783212391,726784
2017-03-07$48.76$50.0026.3%8.7%16.7%3.5%31.7%1.8%1.2%-45.5K891.8K-7.7K0.7390.263282391,752763
2017-03-08$49.27$50.0026.9%8.8%16.6%4.8%31.3%4.1%1.0%-41.9K620.4K-8.3K0.6092.553482091,751763
2017-03-09$49.40$50.0025.7%8.5%16.6%3.2%32.0%2.7%2.3%-41.1K467.0K-8.5K0.6093.463492111,759763
2017-03-10$49.73$50.0026.1%8.3%15.9%4.6%29.5%3.6%2.8%-59.7K428.4K-7.8K0.6193.213502141,754768
2017-03-13$50.41$50.0029.4%8.8%16.5%15.4%31.4%4.5%2.1%-53.3K-139.6K-7.9K0.3593.263481211,764789
2017-03-14$50.14$50.0029.9%9.1%16.6%17.2%31.9%4.3%0.7%-77.8K47.5K-7.3K0.3992.553121211,765779
2017-03-15$51.33$50.0031.7%9.1%18.2%22.7%33.5%5.0%-1.2%2.3K-749.4K-7.6K0.7393.411661211,765779
2017-03-16$51.57$50.0033.3%9.5%18.2%28.0%34.9%1.6%0.0%83.0K-1.5M-8.5K0.7861.251341041,768779
2017-03-17$51.01$50.0032.4%9.3%18.5%25.0%32.1%2.3%-0.1%88.1K-1.2M-7.5K0.6082.752051231,771783
2017-03-20$50.93$50.0030.6%8.8%17.6%19.4%32.6%1.9%2.8%75.9K-453.6K-6.8K1.0469.231631691,719412
2017-03-21$49.10$50.0031.9%9.1%21.4%23.3%30.5%1.0%1.4%42.8K-53.6K-6.4K1.7675.331482601,767474
2017-03-22$48.60$50.0032.1%9.2%21.5%24.1%30.9%1.8%0.2%10.8K269.2K-6.3K1.6680.821532541,768548
2017-03-23$49.02$50.0031.6%9.1%21.9%22.5%32.2%4.2%0.3%4.3K264.3K-6.1K2.1063.601252621,778549
2017-03-24$49.60$50.0031.2%9.0%22.4%21.3%30.9%2.0%1.0%26.5K58.3K-6.6K2.1187.411242621,783559
2017-03-27$49.59$50.0031.5%9.0%22.4%22.0%31.7%2.2%1.3%21.2K83.8K-6.2K1.1088.461241361,795559
2017-03-28$49.80$50.0031.9%9.1%22.1%23.3%33.6%1.2%1.9%21.7K50.1K-6.0K0.9770.511401361,793558
2017-03-29$50.80$50.0032.7%9.4%22.9%26.1%27.3%4.0%0.7%44.4K-249.8K-6.5K0.9989.671411391,817558
2017-03-30$51.21$50.0030.5%8.7%23.1%18.9%32.0%2.9%1.9%54.4K-345.0K-6.5K1.1081.591331461,833563
2017-03-31$52.26$50.0030.9%8.9%24.0%20.2%29.2%3.3%2.5%83.0K-674.8K-6.8K1.3480.811451951,839578