MANH Options History — March 2020

In March 2020, MANH traded between $37.66 and $68.41. ATM implied volatility averaged 73.1%, placing in the 77.7% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded below realized volatility by 21.8% (HV 20d: 94.9%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 3.26.

Notable Days

  • 2020-03-18: Highest Volume — 322 contracts
  • 2020-03-09: Largest IV spike — 44.4% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-16: Largest Expected Move — 30.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.21$37.66$68.41$67.66$49.65
Max Pain$77.27$75.00$80.00$80.00$75.00
ATM IV73.1%38.6%107.2%40.8%72.5%
Expected Move20.7%11.1%30.7%11.7%20.8%
HV 20d94.9%35.8%152.0%57.2%152.0%
HV 60d64.1%36.4%93.4%36.4%93.4%
IV Rank77.7%45.8%100.0%52.2%59.2%
IV Percentile97.4%82.5%100.0%90.1%95.6%
Term Structure-9.4%-31.5%1.9%-0.1%1.9%
VWIV75.3%44.0%104.6%45.7%69.2%
Skew 25d13.5%-0.2%32.0%7.2%27.9%
Skew 10d30.8%-2.3%82.1%13.7%39.4%
Call IV 25d69.7%37.4%106.5%41.1%66.9%
Put IV 25d83.2%41.8%119.2%48.3%94.9%
Bid-Ask Spread %90.6578.38105.6583.51105.65
Gamma HHI0.180.090.340.260.12
Net GEX22.6K-19.3K102.8K68.0K-9.2K
Net DEX2.0M758.8K3.0M2.9M1.2M
Net VEX-7.8K-13.4K-4.4K-9.1K-5.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.260.0012.401.434.50
Total Volume60.31833223411
Total OI2,537.1361,8303,1422,7531,854

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-03-02$67.66$80.0040.8%11.7%57.2%52.2%45.7%7.2%-0.1%68.0K2.9M-9.1K1.4383.5114202,048705
2020-03-03$66.18$80.0049.1%14.1%56.3%75.6%50.0%14.3%-8.8%57.7K3.0M-8.7K2.0094.759182,060715
2020-03-04$68.41$80.0038.6%11.1%57.1%45.8%48.1%4.4%-3.0%69.1K2.9M-8.8K1.5082.21692,065718
2020-03-05$67.22$80.0053.8%14.5%35.9%88.9%0.0%4.9%-6.4%102.8K1.1M-11.4K0.0079.640312,065532
2020-03-06$67.32$80.0047.9%14.8%35.8%72.2%44.0%-0.2%-8.6%59.2K1.8M-9.6K0.4690.971362,065563
2020-03-09$62.57$80.0069.2%16.7%42.5%100.0%62.1%3.2%-12.8%52.3K1.8M-8.3K12.4078.615622,057551
2020-03-10$65.28$80.0066.1%16.9%45.2%93.3%80.9%14.8%-10.5%41.7K1.9M-9.6K0.8380.01105872,059601
2020-03-11$64.12$80.0057.0%16.3%45.1%73.9%68.8%7.4%-6.6%71.2K1.1M-13.4K3.7178.387262,147678
2020-03-12$55.25$80.0072.1%20.7%66.5%100.0%92.1%13.0%-12.8%32.0K1.9M-9.3K7.7585.02161242,142702
2020-03-13$55.91$80.0074.6%21.4%66.2%100.0%74.3%12.0%-18.5%2.7K2.8M-8.4K0.6382.4940252,146834
2020-03-16$47.25$75.00107.2%30.7%84.5%100.0%90.8%2.4%-31.5%-2.3K2.9M-6.6K0.5192.2070362,167853
2020-03-17$47.38$75.0095.6%27.4%84.0%86.3%96.7%6.1%-20.5%-4.3K3.0M-6.2K0.0085.730772,218867
2020-03-18$37.66$75.0099.2%28.4%109.4%90.6%86.9%32.0%-18.3%-5.1K2.9M-4.4K6.8599.60412812,218924
2020-03-19$44.77$75.0095.9%27.5%132.8%86.7%99.9%26.7%-13.3%-19.3K2.5M-6.7K6.4093.0610642,249828
2020-03-20$46.49$75.0089.3%25.6%134.8%79.0%75.6%11.6%-17.5%-7.1K2.6M-5.6K0.0092.87302,258827
2020-03-23$42.66$75.0082.7%23.7%136.5%71.1%80.9%16.5%1.0%-7.3K1.5M-4.9K3.0097.064121,290558
2020-03-24$47.88$75.0070.3%20.2%145.7%56.6%84.0%18.8%-4.5%-10.1K1.4M-5.2K0.0095.742501,292538
2020-03-25$49.48$75.0085.3%24.5%146.9%74.2%73.1%14.1%1.4%-4.6K1.2M-6.1K0.64102.521491,315538
2020-03-26$54.10$75.0078.7%22.6%151.5%66.5%104.6%27.0%-3.0%822979.1K-7.4K7.0093.423211,306541
2020-03-27$54.25$75.0081.0%23.2%151.1%69.2%72.1%15.8%-4.9%7.8K758.8K-8.2K0.6799.83321,312560
2020-03-30$53.14$75.0080.9%23.2%150.7%69.1%82.2%18.0%-9.9%2.3K877.5K-7.4K5.00101.033151,309542
2020-03-31$49.65$75.0072.5%20.8%152.0%59.2%69.2%27.9%1.9%-9.2K1.2M-5.5K4.50105.65291,311543