MANH Options History — March 2024

In March 2024, MANH traded between $247.00 and $265.79. ATM implied volatility averaged 26.7%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 3.6% (HV 20d: 23.1%). Max pain ranged from $240.00 to $250.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.90.

Notable Days

2024-03-07: Highest Volume — 296 contracts
2024-03-13: Largest IV drop — 19.4% change
2024-03-12: Highest IV Rank — 33.7%
2024-03-05: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$252.54	$247.00	$265.79	$255.74	$249.88
Max Pain	$248.00	$240.00	$250.00	$250.00	$250.00
ATM IV	26.7%	24.2%	33.7%	24.2%	25.5%
Expected Move	7.5%	6.9%	8.2%	6.9%	7.3%
HV 20d	23.1%	19.0%	25.8%	19.4%	22.3%
HV 60d	27.6%	25.6%	28.6%	26.9%	25.6%
IV Rank	24.1%	13.8%	33.7%	13.8%	26.8%
IV Percentile	43.4%	20.6%	79.0%	20.6%	35.3%
Term Structure	6.7%	1.1%	11.9%	1.1%	7.8%
VWIV	26.4%	24.6%	27.9%	25.3%	24.6%
Skew 25d	1.1%	-1.2%	3.2%	2.5%	-1.2%
Skew 10d	2.5%	-0.6%	6.0%	5.4%	1.1%
Call IV 25d	25.7%	21.7%	27.0%	23.8%	24.8%
Put IV 25d	26.8%	23.7%	28.9%	26.3%	23.7%
Bid-Ask Spread %	86.07	82.96	92.20	92.20	90.64
Gamma HHI	0.26	0.20	0.50	0.28	0.21
Net GEX	546.8K	191.3K	986.2K	867.9K	317.9K
Net DEX	-9.4M	-19.1M	-4.3M	-13.7M	-6.4M
Net VEX	-42.8K	-47.1K	-38.9K	-47.1K	-39.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.90	0.03	3.40	2.56	0.03
Total Volume	63.3	5	296	89	159
Total OI	1,998.4	1,523	2,399	2,233	1,682

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-03-01	$255.74	$250.00	24.2%	6.9%	19.4%	13.8%	25.3%	2.5%	1.1%	867.9K	-13.7M	-47.1K	2.56	92.20	25	64	1,456	777
2024-03-04	$255.22	$240.00	28.1%	7.8%	19.0%	22.0%	27.0%	1.2%	2.9%	789.4K	-12.6M	-47.0K	0.27	84.75	41	11	1,449	800
2024-03-05	$252.25	$240.00	28.1%	8.2%	19.2%	22.0%	27.7%	1.1%	2.6%	727.7K	-10.9M	-46.6K	0.67	85.13	3	2	1,472	808
2024-03-06	$255.74	$240.00	29.0%	7.9%	19.6%	23.8%	27.6%	2.2%	3.0%	846.0K	-13.0M	-45.3K	0.30	84.55	43	13	1,473	808
2024-03-07	$265.79	$240.00	27.0%	7.9%	23.5%	19.8%	27.2%	1.3%	1.7%	986.2K	-19.1M	-41.1K	0.17	83.06	253	43	1,472	813
2024-03-08	$258.77	$250.00	26.3%	7.5%	25.8%	18.2%	25.7%	1.2%	4.0%	820.0K	-14.1M	-45.0K	0.16	82.96	56	9	1,436	845
2024-03-11	$256.45	$250.00	30.6%	7.6%	25.6%	27.2%	26.6%	1.4%	4.0%	805.9K	-12.6M	-43.4K	1.37	86.37	19	26	1,448	850
2024-03-12	$256.59	$250.00	33.7%	7.6%	23.9%	33.7%	27.4%	1.1%	4.4%	816.3K	-12.7M	-43.8K	0.30	83.43	44	13	1,457	867
2024-03-13	$251.28	$250.00	27.2%	7.8%	25.3%	20.1%	27.0%	-0.3%	4.8%	653.9K	-8.8M	-43.1K	2.04	83.53	24	49	1,444	876
2024-03-14	$250.09	$250.00	26.6%	7.6%	25.2%	18.9%	27.0%	0.7%	8.0%	772.2K	-7.5M	-43.0K	0.42	83.41	36	15	1,459	915
2024-03-15	$247.00	$250.00	26.2%	7.5%	25.6%	29.3%	27.8%	1.1%	8.9%	191.3K	-4.3M	-42.2K	0.93	84.53	29	27	1,486	913
2024-03-18	$247.67	$250.00	26.4%	7.6%	24.9%	30.1%	27.9%	2.8%	7.8%	206.0K	-5.8M	-40.3K	2.25	85.72	12	27	821	702
2024-03-19	$247.39	$250.00	25.9%	7.4%	24.8%	28.2%	26.0%	1.3%	8.3%	207.4K	-5.7M	-40.3K	0.06	85.46	32	2	829	710
2024-03-20	$250.09	$250.00	25.2%	7.2%	24.8%	25.9%	24.8%	0.5%	9.2%	257.8K	-6.5M	-40.4K	0.32	86.66	76	24	847	712
2024-03-21	$252.82	$250.00	24.7%	7.1%	22.5%	24.3%	25.3%	-0.8%	10.9%	387.7K	-8.5M	-43.3K	3.40	89.17	10	34	921	723
2024-03-22	$250.37	$250.00	24.5%	7.0%	22.8%	23.5%	25.3%	1.0%	10.6%	330.1K	-6.9M	-42.9K	1.67	86.83	3	5	922	751
2024-03-25	$248.35	$250.00	25.8%	7.4%	22.9%	27.9%	26.1%	0.8%	10.2%	292.5K	-6.1M	-41.5K	0.13	85.80	15	2	922	747
2024-03-26	$249.47	$250.00	24.7%	7.1%	22.9%	24.3%	24.9%	0.4%	11.3%	321.5K	-6.6M	-40.9K	0.36	88.36	11	4	925	748
2024-03-27	$249.85	$250.00	24.2%	6.9%	22.3%	22.4%	0.0%	3.2%	11.9%	337.8K	-6.3M	-38.9K	0.67	88.91	3	2	932	750
2024-03-28	$249.88	$250.00	25.5%	7.3%	22.3%	26.8%	24.6%	-1.2%	7.8%	317.9K	-6.4M	-39.2K	0.03	90.64	154	5	932	750