MANH Options History — March 2019

In March 2019, MANH traded between $53.33 and $56.33. ATM implied volatility averaged 29.0%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 7.2% (HV 20d: 21.8%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.06.

Notable Days

2019-03-22: Highest Volume — 317 contracts
2019-03-11: Largest IV spike — 14.8% change
2019-03-29: Highest IV Rank — 24.9%
2019-03-26: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.56	$53.33	$56.33	$55.10	$55.11
Max Pain	$47.22	$40.00	$50.00	$50.00	$50.00
ATM IV	29.0%	25.7%	31.1%	25.7%	31.1%
Expected Move	9.0%	7.4%	10.2%	7.4%	10.0%
HV 20d	21.8%	15.1%	35.8%	33.9%	22.2%
HV 60d	29.5%	26.4%	31.8%	31.4%	27.0%
IV Rank	19.8%	11.5%	24.9%	11.5%	24.9%
IV Percentile	42.6%	19.8%	55.6%	19.8%	55.6%
Term Structure	2.8%	0.6%	5.9%	2.3%	3.7%
VWIV	29.9%	25.8%	38.2%	25.8%	37.6%
Skew 25d	4.5%	-4.6%	6.4%	-4.6%	5.1%
Skew 10d	10.4%	-7.7%	19.9%	-7.7%	9.5%
Call IV 25d	28.4%	26.5%	30.3%	26.5%	29.8%
Put IV 25d	33.0%	22.0%	35.2%	22.0%	34.8%
Bid-Ask Spread %	60.02	42.73	79.34	54.41	65.09
Gamma HHI	0.36	0.24	0.69	0.36	0.24
Net GEX	77.1K	6.6K	241.8K	109.3K	23.3K
Net DEX	-2.3M	-3.3M	-1.7M	-2.6M	-2.0M
Net VEX	-5.2K	-6.3K	-4.3K	-5.2K	-6.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.06	0.00	6.15	0.03	0.00
Total Volume	75.952	0	317	65	87
Total OI	1,146.81	908	1,281	1,102	1,281

Daily Data (21 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
2019-03-01	$55.10	$50.00	25.7%	7.4%	33.9%	11.5%	25.8%	-4.6%	2.3%	109.3K	-2.6M	-5.2K	0.03	54.41	63	2	905	197
2019-03-04	$53.52	$50.00	27.9%	8.0%	35.8%	16.9%	28.0%	4.4%	1.8%	101.0K	-2.2M	-4.8K	0.00	57.56	2	0	905	198
2019-03-05	$53.74	$50.00	26.3%	7.5%	34.5%	13.0%	26.3%	4.2%	1.8%	106.5K	-2.2M	-4.6K	0.00	56.26	62	0	905	198
2019-03-06	$53.33	$50.00	26.4%	7.6%	33.7%	13.1%	26.5%	4.5%	1.1%	108.6K	-2.3M	-5.3K	0.00	57.07	62	0	965	198
2019-03-07	$53.51	$50.00	27.0%	7.7%	20.8%	14.6%	27.3%	5.1%	1.5%	111.5K	-2.3M	-5.3K	0.18	61.17	62	11	965	198
2019-03-08	$53.40	$50.00	26.2%	7.5%	18.2%	12.7%	26.7%	3.8%	1.4%	111.6K	-2.3M	-5.2K	0.14	61.18	81	11	965	208
2019-03-11	$54.03	$40.00	30.1%	8.9%	17.9%	22.4%	0.0%	5.0%	1.2%	131.2K	-2.5M	-4.9K	0.00	46.23	0	0	965	208
2019-03-12	$54.21	$40.00	28.9%	8.8%	16.5%	19.4%	29.1%	4.4%	2.4%	144.2K	-2.5M	-4.8K	0.00	48.62	1	0	965	208
2019-03-13	$53.94	$40.00	30.2%	8.8%	15.1%	22.7%	28.9%	4.9%	0.7%	149.9K	-2.4M	-4.7K	1.00	45.29	1	1	966	208
2019-03-14	$55.22	$40.00	29.8%	8.8%	17.1%	21.7%	27.2%	5.7%	0.7%	241.8K	-2.9M	-4.7K	0.09	42.73	11	1	966	209
2019-03-15	$55.25	$40.00	29.2%	8.8%	16.7%	20.2%	29.0%	4.1%	0.6%	65.6K	-3.3M	-4.3K	0.06	49.70	16	1	971	209
2019-03-18	$55.51	$0.00	30.0%	9.6%	16.7%	22.2%	0.0%	5.7%	3.4%	44.1K	-2.2M	-4.3K	0.00	79.34	42	0	769	139
2019-03-19	$55.07	$0.00	30.1%	9.7%	16.8%	22.4%	0.0%	5.8%	3.9%	46.3K	-2.3M	-4.4K	0.00	66.81	30	0	799	139
2019-03-20	$55.35	$0.00	30.0%	9.8%	16.9%	22.2%	38.2%	5.3%	3.5%	45.2K	-2.3M	-4.3K	6.15	76.03	40	246	797	139
2019-03-21	$56.33	$50.00	30.4%	9.7%	17.5%	23.2%	37.9%	5.7%	3.7%	24.7K	-2.3M	-5.9K	5.85	63.71	46	269	807	384
2019-03-22	$54.40	$50.00	30.1%	9.8%	21.3%	22.3%	37.6%	4.6%	4.1%	10.9K	-1.7M	-6.3K	5.60	68.36	48	269	807	408
2019-03-25	$54.89	$50.00	30.0%	10.1%	21.6%	22.2%	0.0%	6.4%	5.1%	9.8K	-1.8M	-6.0K	0.00	64.71	0	0	809	408
2019-03-26	$55.07	$50.00	29.8%	10.2%	21.4%	21.7%	0.0%	5.1%	5.9%	10.2K	-1.9M	-5.9K	0.00	65.60	0	0	809	408
2019-03-27	$54.39	$50.00	30.6%	10.1%	21.7%	23.6%	0.0%	4.6%	4.5%	6.6K	-1.7M	-5.8K	0.00	65.58	65	0	809	408
2019-03-28	$54.38	$50.00	29.9%	10.0%	21.7%	21.9%	0.0%	5.5%	4.8%	17.9K	-1.8M	-6.1K	0.00	65.03	65	0	873	408
2019-03-29	$55.11	$50.00	31.1%	10.0%	22.2%	24.9%	0.0%	5.1%	3.7%	23.3K	-2.0M	-6.1K	0.00	65.09	87	0	873	408