MANH Options History — September 2017

In September 2017, MANH traded between $41.58 and $44.56. ATM implied volatility averaged 33.5%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 13.8% (HV 20d: 19.7%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.56.

Notable Days

2017-09-15: Highest Volume — 785 contracts
2017-09-05: Largest IV spike — 53.3% change
2017-09-29: Highest IV Rank — 52.9%
2017-09-29: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.98	$41.58	$44.56	$42.83	$41.58
Max Pain	$45.00	$45.00	$45.00	$45.00	$45.00
ATM IV	33.5%	21.2%	38.6%	21.2%	38.6%
Expected Move	9.9%	6.1%	11.1%	6.1%	11.1%
HV 20d	19.7%	15.6%	22.9%	22.5%	21.3%
HV 60d	29.6%	29.2%	29.9%	29.7%	29.6%
IV Rank	39.4%	6.8%	52.9%	6.8%	52.9%
IV Percentile	65.5%	0.8%	85.3%	0.8%	85.3%
Term Structure	-2.3%	-5.2%	7.2%	7.2%	-2.5%
VWIV	34.2%	19.9%	37.7%	19.9%	37.7%
Skew 25d	4.3%	1.4%	7.8%	6.2%	4.4%
Skew 10d	11.3%	-3.3%	22.6%	-3.3%	16.8%
Call IV 25d	33.0%	23.1%	37.1%	23.1%	36.7%
Put IV 25d	37.3%	29.2%	41.2%	29.2%	41.2%
Bid-Ask Spread %	59.10	21.51	84.50	84.50	71.24
Gamma HHI	0.41	0.34	0.55	0.46	0.44
Net GEX	-21.2K	-48.8K	34.7K	34.7K	-48.8K
Net DEX	1.3M	457.6K	1.8M	1.3M	1.5M
Net VEX	-6.2K	-7.5K	-5.3K	-7.1K	-5.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.56	0.33	2.74	1.38	1.40
Total Volume	271.15	193	785	245	238
Total OI	1,978.55	1,779	2,075	2,006	2,004

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
2017-09-01	$42.83	$45.00	21.2%	6.1%	22.5%	6.8%	19.9%	6.2%	7.2%	34.7K	1.3M	-7.1K	1.38	84.50	103	142	1,029	977
2017-09-05	$42.29	$45.00	32.5%	10.6%	22.8%	36.7%	35.2%	5.7%	-5.2%	-20.7K	1.7M	-5.9K	1.41	69.38	94	133	1,039	977
2017-09-06	$42.43	$45.00	28.1%	10.1%	22.9%	25.1%	34.0%	4.7%	-3.2%	-20.4K	1.7M	-5.9K	1.51	68.72	96	145	1,038	978
2017-09-07	$42.30	$45.00	32.6%	10.4%	22.9%	36.9%	35.1%	4.5%	-4.9%	-27.3K	1.7M	-5.8K	1.51	64.69	98	148	1,041	988
2017-09-08	$42.35	$45.00	32.4%	10.2%	22.4%	36.4%	34.8%	4.8%	-3.4%	-30.7K	1.7M	-5.7K	1.34	62.35	118	158	1,046	992
2017-09-11	$42.49	$45.00	37.9%	10.4%	21.6%	51.0%	34.9%	3.8%	-4.9%	-35.7K	1.7M	-5.5K	2.07	63.23	71	147	1,012	994
2017-09-12	$42.43	$45.00	35.1%	10.5%	20.5%	43.8%	34.4%	7.8%	-5.2%	-44.7K	1.7M	-5.3K	2.35	64.03	71	167	992	999
2017-09-13	$42.24	$45.00	36.0%	10.3%	17.8%	46.1%	34.1%	7.6%	-4.7%	-47.0K	1.8M	-5.3K	2.12	67.86	78	165	993	1,015
2017-09-14	$43.16	$45.00	33.1%	9.5%	19.1%	38.4%	34.3%	4.0%	-4.8%	8.7K	1.5M	-5.5K	2.74	59.60	76	208	1,001	1,017
2017-09-15	$43.98	$45.00	34.4%	9.9%	18.4%	41.7%	35.9%	2.4%	-5.1%	-41.5K	1.5M	-5.8K	0.33	72.07	592	193	1,009	1,066
2017-09-18	$44.01	$45.00	33.3%	9.5%	16.9%	38.8%	33.7%	3.8%	-2.0%	-6	607.6K	-6.5K	2.13	64.45	80	170	961	818
2017-09-19	$43.92	$45.00	32.8%	9.4%	15.8%	37.7%	34.9%	4.7%	-0.5%	-3.0K	671.4K	-6.6K	1.63	21.51	108	176	970	838
2017-09-20	$44.04	$45.00	32.0%	9.2%	15.7%	35.5%	32.4%	5.8%	0.6%	-7.0K	682.2K	-6.7K	1.34	58.85	139	186	1,006	862
2017-09-21	$43.53	$45.00	32.5%	9.3%	15.6%	36.7%	32.8%	1.6%	0.2%	-17.9K	861.9K	-6.9K	1.22	42.11	107	131	1,039	915
2017-09-22	$44.56	$45.00	33.4%	9.6%	16.9%	39.3%	33.6%	1.4%	-0.9%	4.5K	457.6K	-7.5K	1.08	39.76	115	124	1,044	930
2017-09-25	$43.70	$45.00	36.7%	10.5%	18.7%	47.9%	37.7%	2.4%	-3.2%	-12.2K	791.3K	-7.1K	1.08	64.50	116	125	1,065	930
2017-09-26	$42.66	$45.00	34.9%	10.0%	21.0%	43.1%	36.4%	2.5%	-1.6%	-32.8K	1.2M	-6.5K	1.56	59.98	82	128	1,067	928
2017-09-27	$42.69	$45.00	35.2%	10.1%	20.7%	44.0%	35.7%	4.1%	-1.4%	-38.6K	1.2M	-6.2K	1.46	47.61	82	120	1,067	928
2017-09-28	$42.33	$45.00	37.4%	10.7%	21.0%	49.7%	35.7%	3.7%	-1.0%	-44.5K	1.3M	-5.9K	1.64	35.54	73	120	1,069	927
2017-09-29	$41.58	$45.00	38.6%	11.1%	21.3%	52.9%	37.7%	4.4%	-2.5%	-48.8K	1.5M	-5.8K	1.40	71.24	99	139	1,077	927