MANH Options History — February 2017

In February 2017, MANH traded between $47.44 and $51.10. ATM implied volatility averaged 26.3%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 11.0% (HV 20d: 37.2%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 1.23.

Notable Days

2017-02-01: Highest Volume — 1,526 contracts
2017-02-08: Largest IV drop — 14.8% change
2017-02-07: Highest IV Rank — 10.5%
2017-02-27: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.56	$47.44	$51.10	$47.44	$50.22
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	26.3%	24.7%	29.5%	26.3%	26.5%
Expected Move	7.4%	7.1%	7.7%	7.5%	7.6%
HV 20d	37.2%	33.2%	45.9%	45.0%	33.3%
HV 60d	31.2%	30.1%	32.6%	32.4%	30.1%
IV Rank	3.5%	0.1%	10.5%	3.5%	3.9%
IV Percentile	8.6%	0.4%	25.0%	6.7%	12.3%
Term Structure	3.6%	2.3%	5.2%	5.2%	3.4%
VWIV	28.5%	26.1%	30.9%	29.5%	29.1%
Skew 25d	2.7%	-1.1%	12.8%	-0.1%	1.7%
Skew 10d	6.0%	-4.2%	22.0%	14.1%	4.0%
Call IV 25d	26.9%	18.1%	30.6%	30.6%	30.5%
Put IV 25d	29.6%	28.2%	32.1%	30.4%	32.1%
Bid-Ask Spread %	89.01	59.78	98.77	59.78	94.99
Gamma HHI	0.45	0.32	0.65	0.39	0.35
Net GEX	-30.1K	-219.2K	85.5K	-219.2K	-22.2K
Net DEX	765.9K	-1.5M	4.5M	4.5M	-30.5K
Net VEX	-8.7K	-12.4K	-6.6K	-12.4K	-8.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.23	0.17	5.52	5.52	0.52
Total Volume	502.316	323	1,526	1,526	376
Total OI	3,340.316	1,741	4,674	4,674	1,928

Daily Data (19 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
2017-02-01	$47.44	$50.00	26.3%	7.5%	45.0%	3.5%	29.5%	-0.1%	5.2%	-219.2K	4.5M	-12.4K	5.52	59.78	234	1,292	2,603	2,071
2017-02-02	$48.22	$50.00	28.4%	7.3%	45.1%	8.1%	26.1%	3.2%	3.6%	-60.4K	1.6M	-9.7K	1.50	85.54	162	243	2,568	1,402
2017-02-03	$49.03	$50.00	26.6%	7.2%	45.9%	4.3%	26.3%	2.7%	2.6%	6.0K	843.1K	-9.9K	1.11	84.15	167	186	2,572	1,378
2017-02-06	$48.78	$50.00	28.4%	7.3%	45.7%	8.2%	26.9%	1.0%	2.6%	-36.3K	1.2M	-9.6K	1.16	87.01	160	186	2,561	1,367
2017-02-07	$48.28	$50.00	29.5%	7.2%	35.4%	10.5%	27.8%	1.6%	3.8%	-59.9K	1.7M	-9.0K	1.25	83.84	149	186	2,554	1,367
2017-02-08	$48.45	$50.00	25.1%	7.2%	35.3%	1.0%	28.0%	-0.2%	4.6%	-65.7K	1.7M	-8.5K	1.37	87.48	147	201	2,554	1,354
2017-02-09	$49.18	$50.00	25.4%	7.3%	35.8%	1.7%	28.3%	2.5%	2.9%	-32.3K	967.9K	-8.5K	1.62	85.36	144	233	2,561	1,374
2017-02-10	$49.00	$50.00	25.1%	7.2%	35.8%	1.0%	28.1%	-0.6%	3.9%	-41.9K	1.2M	-8.3K	1.28	91.27	146	187	2,559	1,421
2017-02-13	$49.02	$50.00	25.8%	7.4%	35.5%	2.5%	29.7%	-0.1%	2.5%	-34.2K	1.1M	-7.5K	1.36	90.94	138	187	2,560	1,419
2017-02-14	$49.48	$50.00	25.0%	7.2%	35.7%	0.8%	28.8%	1.4%	3.4%	23.6K	712.2K	-7.4K	1.34	90.53	138	185	2,564	1,419
2017-02-15	$49.79	$50.00	24.7%	7.1%	35.8%	0.1%	30.0%	-1.1%	3.8%	41.8K	432.0K	-7.3K	1.28	93.68	144	184	2,565	1,419
2017-02-16	$49.49	$50.00	25.0%	7.2%	35.5%	0.7%	26.3%	1.2%	4.2%	85.5K	976.2K	-6.7K	1.77	89.09	167	295	2,566	1,418
2017-02-17	$50.36	$50.00	25.3%	7.2%	35.9%	1.4%	28.7%	-0.9%	4.1%	-71.9K	-1.5M	-6.6K	0.17	92.35	990	166	2,574	1,488
2017-02-21	$51.00	$50.00	26.1%	7.5%	35.7%	3.2%	29.4%	6.3%	4.7%	-25.8K	-56.1K	-8.7K	0.18	90.33	777	137	1,028	713
2017-02-22	$51.10	$50.00	26.5%	7.6%	35.0%	4.1%	30.9%	6.4%	2.3%	-18.1K	-123.1K	-8.5K	0.44	95.10	328	145	1,056	725
2017-02-23	$51.06	$50.00	26.3%	7.5%	34.8%	3.6%	29.1%	11.8%	3.7%	-8.9K	-277.1K	-9.4K	0.57	98.77	256	147	1,173	729
2017-02-24	$50.95	$50.00	26.4%	7.6%	33.2%	3.9%	30.6%	12.8%	3.4%	-15.7K	-166.0K	-9.3K	0.57	96.41	258	147	1,195	733
2017-02-27	$50.84	$50.00	27.0%	7.7%	33.2%	5.0%	28.5%	1.3%	3.2%	-16.0K	-220.6K	-9.0K	0.38	94.62	258	98	1,195	733
2017-02-28	$50.22	$50.00	26.5%	7.6%	33.3%	3.9%	29.1%	1.7%	3.4%	-22.2K	-30.5K	-8.9K	0.52	94.99	248	128	1,195	733