Ticker Options Intelligence

MANH options intelligence

Manhattan Associates Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 45 Market data through 31 Jul 2026 Checked 31 Jul 2026 18:00 · complete available chain

Volatility expansion watch

Volatility pressure

MANH currently carries volatility options pressure with a 45/100 conviction score. The nearest-chain expected move is 27.7%, with volume/open-interest participation at 0.41.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Volatility

Volatility expansion watch

Expected move 27.7%

Wider near-term move priced

Activity / OI 0.41

Current volume is quieter versus prior open interest

Put-call 1.39

Put-side skew

Trend fit 83

Options agree with trend context

Weekly backdrop +26.2%

RS 4.2

Expected move 27.7%
Put-call volume 1.39
Volume / OI 0.41
Reference IV 0.68
Max pain 160.00
Underlying 151.67
Nearest expiry 21 Aug 2026
Contracts 111

Research Brief

MANH has a volatility chain read with 45/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 109.72–193.62; The largest call open-interest concentration is 170.00; the largest put concentration is 140.00. The most active strike by current volume is 125.00.

Priced range109.72–193.62
Call concentration170.00
Put concentration140.00
Max pain reference160.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 109.72 to 193.62. Max pain at 160.00 sits inside that range, 5.5% above spot.

Spot Max pain
109.72151.67 ± 41.95193.62
Confirmation level

A close beyond 193.62 or below 109.72 at the 21 Aug expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 45/100

Evidence alignment, not probability

Pressure is 13/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure13 × 42%
+5.6

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.1

Volume relative to existing open interest and contract-level activity.

Trend agreement83 × 26%
+21.6

How closely the chain read agrees with the underlying trend backdrop.

Volatility88 × 10%
+8.8

The intensity of implied volatility and the priced move.

Reconstructed score45.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 170.00; the largest put concentration is 140.00. The most active strike by current volume is 125.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
5
95.00-37.4%
0
35
120.00-20.9%
0
42
125.00-17.6%
0
12
130.00-14.3%
0
53
140.00-7.7%
3
35
145.00-4.4%
3
21
150.00-1.1%
5
16
160.005.5%
32
17
165.008.8%
7
0
170.0012.1%
117
0
175.0015.4%
12
0
180.0018.7%
54
0
185.0022.0%
63
0
190.0025.3%
86
0
200.0031.9%
15
0
210.0038.5%
13
0
220.0045.1%
28
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.17× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.68 21 Aug 21d
0.63 18 Sep 49d
0.50 16 Oct 77d
0.58 15 Jan 168d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

125
130
135
140
145
150
155
160
165
170
175
180
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.

Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
  • Versioned calculationv2 observations only
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

High

A99/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
111 / 111
  • No material coverage gap was detected in the retained chain.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $689840 of estimated gross traded notional, calls · 46-90 days · itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-13
1W price+26.2%
Call premium83%
Put premium17%
Notional split C 83% / P 17% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.41 Volume divided by open interest across the visible chain.
Trend fit 83/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 38 contracts traded, $157246 estimated gross traded notional, and 23% of visible notional.
$157246
Calls · 46-90 days · OTM calls cluster with 90 contracts traded, $105338 estimated gross traded notional, and 15% of visible notional.
$105338
Calls · 46-90 days · ATM calls cluster with 21 contracts traded, $94065 estimated gross traded notional, and 14% of visible notional.
$94065
Calls · 8-21 days · OTM calls cluster with 67 contracts traded, $88028 estimated gross traded notional, and 13% of visible notional.
$88028
Calls · 91+ days · OTM calls cluster with 37 contracts traded, $82600 estimated gross traded notional, and 12% of visible notional.
$82600

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Activity Anomaly

Warming up

-

3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close191.36
1W+26.2%
RS4.2
Fair value-7.2%
Options pressure-13
Speculation42
Volatility88
Trend fit83

Today Versus Normal

Stored-options context

View history
Expected move 27.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.68 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.39 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.41 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:30 Bullish
Pressure 47
Move 18.9%
30 Jul 10:25 Mixed
Pressure -1
Move 36.2%
31 Jul 12:56 Volatility
Pressure -44
Move 27.8%
31 Jul 14:24 Mixed
Pressure 13
Move 28.7%
31 Jul 17:00 Volatility
Pressure -13
Move 27.7%

Strike Map

Where activity is clustering

Full strike map
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike90.00
Calls · V 1 · OI 0
Puts · V 4 · OI 1
Strike95.00
Calls · V 0 · OI 0
Puts · V 8 · OI 5
Strike100.00
Calls · V 0 · OI 0
Puts · V 6 · OI 4
Strike105.00
Calls · V 0 · OI 0
Puts · V 3 · OI 3
Strike115.00
Calls · V 0 · OI 0
Puts · V 2 · OI 2
Strike120.00
Calls · V 0 · OI 0
Puts · V 14 · OI 35
Strike125.00
Calls · V 0 · OI 0
Puts · V 37 · OI 42

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts32
Avg IV0.68
Put-call2.11
Expiry18 Sep 2026
Contracts11
Avg IV0.63
Put-call0.53
Expiry16 Oct 2026
Contracts41
Avg IV0.50
Put-call1.60
Expiry15 Jan 2027
Contracts27
Avg IV0.58
Put-call0.50

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.58
Put IV0.81
Skew0.23
18 Sep 2026Put IV premium
Call IV0.52
Put IV0.71
Skew0.19
16 Oct 2026Balanced skew
Call IV0.52
Put IV0.57
Skew0.05
15 Jan 2027Balanced skew
Call IV0.56
Put IV0.52
Skew-0.05

Contract Tape

Most active contracts

Full contract tape
ContractMANH260918P00100000
SidePut
Expiry18 Sep 2026
Strike100.00
Volume-
OI7
IV1.06
ContractMANH260918C00190000
SideCall
Expiry18 Sep 2026
Strike190.00
Volume-
OI4
IV0.48
ContractMANH270115P00105000
SidePut
Expiry15 Jan 2027
Strike105.00
Volume-
OI4
IV0.61
ContractMANH270115P00085000
SidePut
Expiry15 Jan 2027
Strike85.00
Volume-
OI1
IV0.73
ContractMANH270115P00165000
SidePut
Expiry15 Jan 2027
Strike165.00
Volume-
OI1
IV0.48
ContractMANH260918P00105000
SidePut
Expiry18 Sep 2026
Strike105.00
Volume-
OI1
IV0.99
ContractMANH270115P00185000
SidePut
Expiry15 Jan 2027
Strike185.00
Volume-
OI1
IV0.97
ContractMANH260918P00120000
SidePut
Expiry18 Sep 2026
Strike120.00
Volume-
OI1
IV0.81