MANH Options History — April 2017

In April 2017, MANH traded between $45.63 and $50.72. ATM implied volatility averaged 36.5%, placing in the 38.5% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 6.6% (HV 20d: 29.9%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 2.07.

Notable Days

2017-04-19: Highest Volume — 2,481 contracts
2017-04-12: Largest IV drop — 32.4% change
2017-04-11: Highest IV Rank — 95.8%
2017-04-05: Largest Expected Move — 12.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.67	$45.63	$50.72	$50.72	$46.75
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	36.5%	24.8%	54.2%	33.5%	24.8%
Expected Move	9.6%	7.1%	12.5%	9.6%	7.1%
HV 20d	29.9%	20.4%	42.7%	25.8%	41.6%
HV 60d	28.9%	26.2%	33.5%	31.4%	28.7%
IV Rank	38.5%	0.4%	95.8%	28.6%	0.4%
IV Percentile	61.3%	0.8%	99.6%	60.3%	0.8%
Term Structure	-3.1%	-10.9%	1.0%	0.7%	-1.3%
VWIV	34.0%	19.3%	44.0%	34.4%	23.1%
Skew 25d	2.8%	-1.4%	7.0%	0.0%	0.4%
Skew 10d	7.6%	-7.1%	24.7%	7.1%	-2.2%
Call IV 25d	32.6%	23.7%	42.2%	35.2%	24.3%
Put IV 25d	35.4%	24.7%	44.3%	35.3%	24.7%
Bid-Ask Spread %	82.79	54.36	100.47	76.01	95.39
Gamma HHI	0.34	0.24	0.49	0.28	0.49
Net GEX	-69.7K	-145.0K	44.8K	44.8K	-112.6K
Net DEX	1.6M	-222.9K	5.4M	-222.9K	2.6M
Net VEX	-7.2K	-9.0K	-5.9K	-6.7K	-6.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.07	0.77	4.63	0.90	2.17
Total Volume	734.368	325	2,481	336	365
Total OI	2,895.368	1,572	6,206	2,492	1,739

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
2017-04-03	$50.72	$50.00	33.5%	9.6%	25.8%	28.6%	34.4%	0.0%	0.7%	44.8K	-222.9K	-6.7K	0.90	76.01	177	159	1,853	639
2017-04-04	$49.56	$50.00	33.8%	9.7%	25.8%	29.6%	34.1%	-1.4%	-0.8%	14.4K	157.4K	-6.6K	0.77	88.52	187	144	1,873	659
2017-04-05	$49.44	$50.00	43.5%	12.5%	25.6%	60.9%	44.0%	-1.4%	-10.9%	22.5K	209.0K	-6.9K	1.27	100.47	157	200	1,878	674
2017-04-06	$49.20	$50.00	44.5%	9.5%	25.6%	64.4%	36.3%	3.3%	-1.5%	-3.0K	505.3K	-6.9K	1.04	79.10	159	166	1,883	746
2017-04-07	$48.75	$50.00	46.6%	9.6%	25.7%	71.1%	38.0%	4.6%	-2.2%	-20.8K	688.5K	-6.7K	4.61	81.60	149	687	1,889	746
2017-04-10	$49.03	$50.00	52.6%	10.1%	25.2%	90.4%	38.7%	4.3%	-3.3%	-88.1K	1.6M	-8.3K	4.63	78.75	149	690	1,893	1,200
2017-04-11	$49.36	$50.00	54.2%	10.4%	25.4%	95.8%	38.9%	2.9%	-4.5%	-92.5K	1.5M	-8.3K	1.98	78.84	151	299	1,893	1,204
2017-04-12	$49.30	$50.00	36.6%	10.5%	23.7%	38.8%	39.6%	4.1%	-5.4%	-82.6K	1.4M	-8.5K	1.39	79.12	209	291	1,893	1,216
2017-04-13	$49.35	$50.00	36.4%	10.4%	23.6%	37.9%	42.0%	5.8%	-3.7%	-80.5K	1.4M	-8.2K	1.49	82.52	209	311	1,893	1,222
2017-04-17	$49.33	$50.00	38.2%	10.9%	23.4%	43.8%	41.9%	4.8%	-4.2%	-89.4K	1.5M	-7.7K	2.06	89.23	151	311	1,893	1,248
2017-04-18	$50.44	$50.00	39.6%	11.4%	24.9%	48.4%	40.7%	4.1%	-7.5%	-82.7K	951.4K	-7.4K	1.37	84.78	221	303	1,910	1,260
2017-04-19	$50.55	$50.00	38.8%	11.1%	20.9%	45.9%	41.3%	5.2%	-4.9%	-78.1K	1.2M	-7.6K	1.16	80.90	1,147	1,334	1,950	1,404
2017-04-20	$50.56	$50.00	40.6%	11.6%	20.4%	51.7%	40.3%	6.6%	-8.1%	-16.2K	826.8K	-9.0K	0.85	54.36	633	541	2,950	2,429
2017-04-21	$45.63	$50.00	28.0%	8.0%	42.2%	10.8%	22.8%	7.0%	1.0%	-118.2K	5.4M	-5.9K	2.25	78.69	643	1,449	3,397	2,809
2017-04-24	$46.24	$50.00	25.3%	7.3%	42.3%	2.2%	25.0%	1.0%	0.1%	-145.0K	2.6M	-6.3K	3.62	80.04	170	616	452	1,120
2017-04-25	$46.48	$50.00	25.2%	7.2%	42.4%	1.8%	22.7%	0.2%	-0.7%	-143.3K	2.6M	-6.9K	3.00	81.27	154	462	516	1,177
2017-04-26	$47.07	$50.00	25.9%	7.4%	42.7%	4.1%	19.3%	1.9%	-1.1%	-127.0K	2.6M	-6.5K	2.65	89.33	158	419	573	1,177
2017-04-27	$47.00	$50.00	26.0%	7.5%	41.8%	4.4%	23.1%	-0.6%	-1.6%	-125.2K	2.6M	-6.6K	2.13	94.13	122	260	577	1,177
2017-04-28	$46.75	$50.00	24.8%	7.1%	41.6%	0.4%	23.1%	0.4%	-1.3%	-112.6K	2.6M	-6.2K	2.17	95.39	115	250	583	1,156