MANH Options History — February 2019

In February 2019, MANH traded between $48.86 and $54.87. ATM implied volatility averaged 31.5%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 2.0% (HV 20d: 33.5%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.66.

Notable Days

2019-02-04: Highest Volume — 1,146 contracts
2019-02-06: Largest IV drop — 52.3% change
2019-02-05: Highest IV Rank — 54.1%
2019-02-04: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.04	$48.86	$54.87	$49.63	$54.84
Max Pain	$49.21	$45.00	$50.00	$45.00	$50.00
ATM IV	31.5%	25.2%	61.3%	50.0%	25.8%
Expected Move	8.2%	7.2%	11.6%	10.5%	7.4%
HV 20d	33.5%	22.3%	37.3%	22.3%	33.9%
HV 60d	32.7%	30.8%	35.1%	30.8%	31.4%
IV Rank	19.0%	10.1%	54.1%	38.8%	11.8%
IV Percentile	35.9%	15.9%	99.2%	96.4%	20.6%
Term Structure	1.8%	-1.7%	3.9%	-0.1%	2.2%
VWIV	28.7%	25.3%	40.9%	40.3%	25.9%
Skew 25d	5.9%	4.0%	10.5%	6.5%	4.0%
Skew 10d	10.8%	-0.9%	17.3%	17.3%	6.2%
Call IV 25d	26.3%	19.2%	37.4%	34.3%	26.6%
Put IV 25d	32.2%	28.3%	43.9%	40.8%	30.6%
Bid-Ask Spread %	56.64	34.33	83.01	68.52	54.35
Gamma HHI	0.48	0.28	0.90	0.30	0.36
Net GEX	118.6K	-94.9K	592.5K	28.0K	99.5K
Net DEX	-2.1M	-3.3M	279.6K	-1.1M	-2.4M
Net VEX	-4.7K	-7.2K	-3.9K	-4.0K	-4.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.00	3.95	0.94	0.02
Total Volume	170.263	3	1,146	33	64
Total OI	1,546.947	696	2,393	696	1,042

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
2019-02-01	$49.63	$45.00	50.0%	10.5%	22.3%	38.8%	40.3%	6.5%	-0.1%	28.0K	-1.1M	-4.0K	0.94	68.52	17	16	559	137
2019-02-04	$51.15	$45.00	60.6%	11.6%	22.8%	53.2%	38.2%	6.4%	-1.5%	30.4K	-1.3M	-3.9K	0.34	62.53	858	288	559	141
2019-02-05	$52.40	$45.00	61.3%	11.6%	23.1%	54.1%	40.9%	6.4%	-1.7%	154.9K	-2.4M	-7.2K	1.35	34.33	220	297	1,382	410
2019-02-06	$48.86	$50.00	29.3%	8.4%	35.5%	14.6%	29.0%	5.1%	2.0%	-81.2K	279.6K	-5.6K	1.48	38.31	77	114	1,516	642
2019-02-07	$50.44	$50.00	28.6%	8.2%	36.7%	18.7%	28.4%	6.3%	2.0%	-94.9K	-706.2K	-5.5K	1.30	48.35	63	82	1,526	693
2019-02-08	$51.21	$50.00	28.9%	8.3%	36.9%	19.5%	28.4%	5.3%	1.6%	-41.8K	-1.1M	-5.2K	3.95	46.89	21	83	1,500	691
2019-02-11	$52.34	$50.00	29.4%	8.4%	37.3%	20.6%	27.1%	5.8%	1.4%	78.3K	-1.8M	-4.5K	0.00	67.32	138	0	1,499	689
2019-02-12	$53.42	$50.00	26.3%	7.5%	37.2%	13.0%	27.5%	4.1%	1.7%	459.7K	-3.1M	-5.0K	0.07	45.39	192	13	1,608	689
2019-02-13	$53.27	$50.00	25.5%	7.3%	36.4%	10.8%	25.6%	4.2%	2.2%	278.6K	-2.8M	-4.8K	0.02	82.10	138	3	1,701	692
2019-02-14	$53.88	$50.00	25.5%	7.3%	36.5%	11.0%	25.7%	6.1%	2.2%	592.5K	-3.3M	-5.0K	0.03	83.01	158	4	1,697	693
2019-02-15	$54.17	$50.00	25.2%	7.2%	36.4%	10.1%	25.3%	4.1%	2.6%	89.0K	-2.8M	-4.5K	0.03	75.22	158	4	1,696	693
2019-02-19	$54.57	$50.00	25.7%	7.4%	36.0%	11.4%	25.7%	4.9%	2.4%	91.2K	-2.4M	-4.1K	0.27	63.13	15	4	778	149
2019-02-20	$54.56	$50.00	25.8%	7.4%	35.3%	11.7%	25.8%	10.5%	2.6%	90.8K	-2.4M	-4.2K	0.40	41.23	15	6	787	155
2019-02-21	$54.08	$50.00	26.0%	7.5%	34.4%	12.2%	26.7%	5.0%	3.2%	89.9K	-2.3M	-4.3K	0.18	52.72	84	15	787	156
2019-02-22	$54.80	$50.00	25.4%	7.3%	34.5%	10.6%	26.1%	7.8%	3.9%	101.4K	-2.5M	-4.5K	1.81	51.89	26	47	844	160
2019-02-25	$54.83	$50.00	26.4%	7.6%	34.0%	13.1%	26.4%	10.3%	1.9%	95.0K	-2.4M	-4.6K	0.00	53.71	3	0	842	197
2019-02-26	$54.45	$50.00	26.4%	7.6%	33.9%	13.3%	26.4%	4.4%	2.0%	94.7K	-2.3M	-4.5K	0.20	52.39	5	1	843	197
2019-02-27	$54.87	$50.00	26.1%	7.5%	33.9%	12.4%	26.1%	4.2%	2.8%	97.9K	-2.5M	-4.3K	0.20	54.80	5	1	845	197
2019-02-28	$54.84	$50.00	25.8%	7.4%	33.9%	11.8%	25.9%	4.0%	2.2%	99.5K	-2.4M	-4.4K	0.02	54.35	63	1	845	197