MANH Options History — March 2018

In March 2018, MANH traded between $41.33 and $45.51. ATM implied volatility averaged 38.8%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 4.5% (HV 20d: 34.3%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.54.

Notable Days

  • 2018-03-14: Highest Volume — 2,055 contracts
  • 2018-03-07: Largest IV spike — 89.3% change
  • 2018-03-08: Highest IV Rank — 55.4%
  • 2018-03-29: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.58$41.33$45.51$42.28$41.90
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV38.8%27.4%61.2%47.2%48.2%
Expected Move10.3%8.5%13.8%13.5%13.8%
HV 20d34.3%18.5%73.8%71.9%23.4%
HV 60d46.2%45.8%46.7%45.8%46.1%
IV Rank26.3%11.4%55.4%37.2%38.5%
IV Percentile72.6%35.7%98.4%89.7%89.3%
Term Structure0.3%-20.7%7.6%-20.7%-7.5%
VWIV39.8%33.0%54.1%37.6%44.9%
Skew 25d5.1%-5.8%14.1%3.5%14.1%
Skew 10d13.8%-0.3%33.1%28.2%33.1%
Call IV 25d36.3%28.4%47.0%34.4%42.4%
Put IV 25d41.4%34.6%56.5%38.0%56.5%
Bid-Ask Spread %84.6057.25103.0498.7676.66
Gamma HHI0.420.250.590.450.52
Net GEX-45.2K-163.8K17.0K-31.8K-121.1K
Net DEX1.5M607.4K3.0M1.9M2.4M
Net VEX-11.0K-15.9K-6.9K-8.6K-12.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.645.365.361.50
Total Volume6952552,0551,056255
Total OI3,869.2862,7845,1892,8324,880

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-03-01$42.28$45.0047.2%13.5%71.9%37.2%37.6%3.5%-20.7%-31.8K1.9M-8.6K5.3698.761668901,5681,264
2018-03-02$43.86$45.0029.7%8.5%73.8%14.4%33.3%8.6%0.5%-23.7K1.4M-8.1K1.13103.041331501,5681,265
2018-03-05$44.14$45.0037.0%9.4%73.3%24.0%41.1%5.6%2.7%-19.8K1.3M-8.3K1.2685.991411771,5771,267
2018-03-06$44.32$45.0030.9%10.3%73.4%16.0%35.7%1.6%1.9%-18.1K1.2M-8.5K1.2970.821401801,5831,305
2018-03-07$44.79$45.0058.5%10.3%73.6%51.9%38.1%6.1%-1.7%17.0K765.3K-9.3K1.3284.711461921,5921,310
2018-03-08$44.84$45.0061.2%9.0%29.0%55.4%37.4%6.6%4.3%16.5K678.9K-9.1K1.1193.351731921,5951,310
2018-03-09$45.44$45.0027.4%8.6%23.8%11.4%35.4%4.4%7.6%-25.0K747.1K-7.8K1.7787.84991751,5381,310
2018-03-12$45.51$45.0038.5%8.7%22.3%25.9%35.6%4.1%4.9%-18.3K607.4K-7.6K1.8095.70971751,5511,327
2018-03-13$45.05$45.0035.3%9.6%22.8%21.7%39.2%7.1%1.0%-38.3K913.8K-7.4K2.1087.081172461,5531,326
2018-03-14$44.41$45.0033.6%9.6%23.3%19.5%44.4%-5.8%2.7%5.6K1.1M-6.9K0.9784.461,0411,0141,5501,234
2018-03-15$44.07$45.0032.7%9.4%20.3%18.3%34.8%1.6%3.6%-7571.5M-11.9K1.0585.066416742,3852,029
2018-03-16$44.38$45.0032.1%9.2%19.7%17.6%33.0%10.0%1.0%-18.6K1.4M-14.2K0.65101.978955792,7252,464
2018-03-19$43.79$45.0034.3%9.8%19.5%20.5%43.1%6.8%0.5%-14.5K838.3K-14.6K1.8686.592965502,3852,076
2018-03-20$43.69$45.0035.0%10.0%19.3%21.4%41.3%4.7%3.7%-9.6K973.6K-15.9K0.9261.915885382,5992,093
2018-03-21$43.77$45.0034.7%9.9%18.5%20.9%40.3%4.9%3.1%7.9K651.1K-14.9K1.4572.853835562,8122,090
2018-03-22$43.04$45.0036.5%10.5%19.5%23.3%41.9%6.1%0.6%-59.8K1.5M-14.3K1.4788.693865672,6602,123
2018-03-23$41.48$45.0038.4%11.0%23.0%25.8%39.2%7.1%0.4%-138.6K2.8M-13.3K2.0988.832795842,6592,134
2018-03-26$41.55$45.0040.3%11.6%23.1%28.2%43.6%-0.9%-1.4%-148.2K2.8M-12.6K0.6476.183312132,6602,129
2018-03-27$41.45$45.0040.9%11.7%23.0%29.0%54.1%7.3%-0.0%-146.5K3.0M-13.1K1.4188.881482082,7022,186
2018-03-28$41.33$45.0042.6%12.2%22.9%31.3%42.4%4.0%-0.9%-163.8K2.9M-12.2K1.2057.251271532,7022,169
2018-03-29$41.90$45.0048.2%13.8%23.4%38.5%44.9%14.1%-7.5%-121.1K2.4M-12.9K1.5076.661021532,7052,175