MANH Options History — September 2018

In September 2018, MANH traded between $54.60 and $60.61. ATM implied volatility averaged 29.4%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 10.2% (HV 20d: 19.2%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.16.

Notable Days

2018-09-26: Highest Volume — 583 contracts
2018-09-05: Largest IV spike — 17.9% change
2018-09-26: Highest IV Rank — 19.2%
2018-09-26: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.68	$54.60	$60.61	$57.82	$54.60
Max Pain	$51.32	$45.00	$55.00	$50.00	$55.00
ATM IV	29.4%	23.6%	35.4%	23.6%	34.0%
Expected Move	8.7%	6.8%	10.1%	6.8%	9.7%
HV 20d	19.2%	15.2%	22.2%	16.8%	22.0%
HV 60d	25.2%	23.5%	27.0%	26.7%	24.3%
IV Rank	11.1%	3.4%	19.2%	3.4%	17.3%
IV Percentile	44.5%	7.9%	70.6%	7.9%	67.9%
Term Structure	1.0%	-2.6%	4.4%	4.2%	3.4%
VWIV	32.2%	25.9%	38.2%	25.9%	34.0%
Skew 25d	4.0%	0.8%	5.3%	3.3%	4.7%
Skew 10d	9.8%	2.4%	16.0%	15.1%	10.8%
Call IV 25d	29.3%	23.9%	37.6%	23.9%	33.0%
Put IV 25d	33.3%	27.2%	38.4%	27.2%	37.7%
Bid-Ask Spread %	23.65	10.88	93.33	13.50	16.76
Gamma HHI	0.40	0.24	0.57	0.57	0.42
Net GEX	100.5K	20.3K	193.1K	171.8K	69.8K
Net DEX	-4.9M	-7.2M	-1.7M	-5.6M	-1.7M
Net VEX	-8.4K	-9.7K	-6.9K	-6.9K	-9.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.13	2.11	0.88	0.89
Total Volume	265.737	127	583	211	176
Total OI	2,053.684	1,196	2,469	2,058	1,648

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
2018-09-04	$57.82	$50.00	23.6%	6.8%	16.8%	3.4%	25.9%	3.3%	4.2%	171.8K	-5.6M	-6.9K	0.88	13.50	112	99	1,276	782
2018-09-05	$56.96	$50.00	27.9%	8.0%	18.5%	9.1%	26.8%	3.9%	2.7%	193.1K	-5.4M	-9.5K	0.87	16.92	114	99	1,390	804
2018-09-06	$57.68	$45.00	24.6%	8.3%	18.5%	4.7%	30.5%	3.5%	-0.6%	180.7K	-5.8M	-8.8K	0.85	17.30	105	89	1,387	804
2018-09-07	$58.07	$45.00	23.9%	8.1%	18.4%	3.8%	30.4%	3.4%	0.8%	175.7K	-6.0M	-8.8K	0.88	13.12	106	93	1,387	804
2018-09-10	$57.85	$45.00	25.4%	8.4%	18.4%	5.8%	33.7%	3.8%	0.0%	183.2K	-5.9M	-8.5K	0.90	15.35	105	95	1,389	804
2018-09-11	$57.59	$45.00	25.3%	8.2%	18.1%	5.6%	32.3%	4.3%	0.2%	183.9K	-5.6M	-8.7K	0.79	13.94	107	85	1,390	806
2018-09-12	$59.05	$45.00	29.2%	8.4%	17.3%	10.9%	32.7%	3.7%	-0.2%	152.1K	-6.5M	-7.7K	0.57	15.74	148	85	1,390	807
2018-09-13	$59.85	$45.00	28.9%	8.3%	16.2%	10.5%	33.1%	3.4%	0.8%	134.1K	-7.0M	-8.1K	1.28	21.45	144	184	1,448	807
2018-09-14	$60.61	$55.00	29.3%	8.4%	15.2%	11.0%	32.8%	5.1%	0.5%	100.0K	-7.2M	-8.0K	2.09	16.50	134	280	1,435	907
2018-09-17	$59.20	$55.00	29.5%	8.5%	18.3%	11.3%	32.7%	4.1%	0.2%	62.2K	-6.2M	-8.5K	2.11	11.10	133	280	1,441	1,002
2018-09-18	$59.74	$55.00	29.6%	8.5%	18.4%	11.4%	31.6%	5.3%	0.1%	24.4K	-6.5M	-8.3K	1.36	15.12	135	184	1,442	1,005
2018-09-19	$58.48	$55.00	28.9%	8.3%	20.2%	10.5%	31.7%	4.2%	0.7%	62.7K	-5.8M	-8.5K	1.37	10.88	134	184	1,444	1,025
2018-09-20	$57.97	$55.00	28.8%	8.3%	20.4%	10.4%	31.7%	4.1%	-0.2%	34.9K	-5.6M	-8.3K	1.37	15.61	134	184	1,444	1,025
2018-09-21	$57.47	$55.00	33.0%	9.5%	20.5%	16.0%	32.5%	4.0%	-2.6%	30.1K	-5.3M	-8.3K	1.66	13.79	121	201	1,422	1,025
2018-09-24	$56.19	$55.00	32.7%	9.4%	21.5%	15.5%	32.2%	4.9%	4.4%	21.2K	-1.9M	-8.2K	1.61	32.34	54	87	692	504
2018-09-25	$56.50	$55.00	33.5%	9.6%	21.6%	16.7%	33.2%	5.3%	2.5%	24.2K	-2.0M	-8.2K	1.40	50.09	53	74	708	506
2018-09-26	$55.19	$55.00	35.4%	10.1%	22.2%	19.2%	38.2%	0.8%	0.1%	20.3K	-1.7M	-8.3K	0.13	93.33	514	69	712	517
2018-09-27	$55.04	$55.00	34.5%	9.9%	22.0%	18.0%	35.1%	4.0%	1.9%	85.2K	-2.0M	-9.7K	1.03	46.56	73	75	1,120	521
2018-09-28	$54.60	$55.00	34.0%	9.7%	22.0%	17.3%	34.0%	4.7%	3.4%	69.8K	-1.7M	-9.2K	0.89	16.76	93	83	1,120	528