MANH Options History — March 2021

In March 2021, MANH traded between $113.56 and $129.92. ATM implied volatility averaged 41.3%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 7.5% (HV 20d: 48.9%). Max pain ranged from $115.00 to $130.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 1.63.

Notable Days

  • 2021-03-04: Highest Volume — 77 contracts
  • 2021-03-10: Largest IV drop — 18.3% change
  • 2021-03-05: Highest IV Rank — 32.2%
  • 2021-03-08: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.17$113.56$129.92$129.92$118.35
Max Pain$118.48$115.00$130.00$130.00$115.00
ATM IV41.3%36.2%52.5%41.1%37.8%
Expected Move11.5%10.4%12.6%11.8%10.8%
HV 20d48.9%41.5%52.9%45.2%41.5%
HV 60d39.2%34.5%40.8%34.5%40.4%
IV Rank20.1%15.3%32.2%18.1%17.9%
IV Percentile27.2%2.8%69.4%28.6%9.9%
Term Structure4.1%-0.8%13.1%0.2%5.8%
VWIV41.5%32.6%56.5%41.1%45.1%
Skew 25d2.9%-5.3%7.6%3.0%1.5%
Skew 10d13.6%-5.2%29.6%11.8%7.9%
Call IV 25d39.9%32.9%46.6%38.4%39.2%
Put IV 25d42.8%35.9%50.4%41.4%40.7%
Bid-Ask Spread %88.3980.5797.8386.2095.20
Gamma HHI0.120.110.150.120.13
Net GEX31.2K7.7K63.6K63.6K28.2K
Net DEX-1.3M-2.6M-161.3K-2.6M-1.4M
Net VEX-9.8K-12.3K-7.8K-12.3K-8.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.630.0012.601.070.00
Total Volume24.043177292
Total OI901.13830950830913

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$129.92$130.0041.1%11.8%45.2%18.1%41.1%3.0%0.2%63.6K-2.6M-12.3K1.0786.201415598232
2021-03-02$127.06$130.0040.1%11.5%45.7%16.9%40.9%2.2%-0.1%54.8K-2.2M-11.9K1.8886.922547607237
2021-03-03$120.49$130.0040.9%11.7%50.0%17.9%43.5%6.8%-0.8%17.4K-998.5K-11.2K4.7589.31419603273
2021-03-04$114.44$115.0047.1%11.4%52.9%25.6%38.9%0.8%13.1%7.7K-161.3K-9.8K4.1385.581562603291
2021-03-05$117.41$115.0052.5%11.9%49.9%32.2%41.6%1.6%1.1%18.0K-626.0K-10.6K0.0080.57190607279
2021-03-08$113.56$115.0050.2%12.6%48.8%29.4%44.6%7.4%3.6%16.8K-305.3K-9.4K1.5386.531523621279
2021-03-09$118.87$115.0050.0%12.4%50.8%29.2%43.0%2.2%2.3%19.8K-889.2K-10.3K0.0081.8360621292
2021-03-10$119.69$115.0040.9%11.7%48.5%17.9%40.9%2.9%4.3%23.3K-1.1M-10.8K2.2581.9149626292
2021-03-11$122.59$115.0038.9%11.1%49.1%15.4%0.0%3.4%4.5%24.3K-1.4M-10.7K0.0082.3802626294
2021-03-12$122.44$115.0040.4%11.6%48.4%17.3%0.0%2.2%4.3%23.2K-1.4M-10.3K1.0086.8111626294
2021-03-15$125.53$115.0039.6%11.4%49.2%16.3%41.5%2.3%4.7%33.5K-1.9M-10.4K12.6080.90563627293
2021-03-16$125.54$115.0041.0%11.7%48.6%18.0%40.0%2.5%3.5%46.5K-2.0M-10.1K0.6884.283826628277
2021-03-17$125.16$120.0040.8%11.7%48.6%19.8%56.5%-2.3%-0.8%54.2K-2.2M-10.9K0.5089.6521655291
2021-03-18$118.64$120.0042.3%12.1%51.7%21.8%44.7%6.8%4.2%23.3K-967.9K-9.4K1.1389.2189656292
2021-03-19$121.01$120.0039.5%11.3%52.4%18.8%36.7%-5.3%5.7%44.3K-1.4M-10.0K0.0089.09340656294
2021-03-22$120.80$120.0038.2%11.0%50.9%18.5%41.6%0.6%4.4%44.1K-1.8M-9.4K0.0092.05027644226
2021-03-23$117.56$120.0036.9%10.6%51.0%16.4%32.6%2.2%5.3%28.9K-1.2M-8.5K0.0090.7030644242
2021-03-24$115.66$120.0038.2%10.9%51.1%18.5%36.4%7.6%5.5%26.8K-929.5K-8.5K0.0094.8660646242
2021-03-25$117.55$120.0037.9%10.9%50.0%18.1%43.1%7.6%7.0%32.9K-1.2M-8.6K0.3892.37166649242
2021-03-26$118.50$115.0036.2%10.4%49.2%15.3%35.3%2.9%7.0%30.0K-1.2M-8.3K0.0097.8310655247
2021-03-29$116.06$115.0040.3%11.6%45.3%21.9%43.0%4.6%3.3%28.2K-973.7K-7.8K0.7194.7975655247
2021-03-30$117.08$115.0039.7%11.4%45.1%20.9%45.1%3.3%6.4%27.8K-1.1M-8.3K1.6093.9258655249
2021-03-31$118.35$115.0037.8%10.8%41.5%17.9%0.0%1.5%5.8%28.2K-1.4M-8.4K0.0095.2020660253