MANH Options History — April 2019

In April 2019, MANH traded between $55.51 and $67.91. ATM implied volatility averaged 34.5%, placing in the 33.4% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 10.5% (HV 20d: 24.1%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.50.

Notable Days

2019-04-23: Highest Volume — 2,178 contracts
2019-04-24: Largest IV drop — 33.9% change
2019-04-23: Highest IV Rank — 64.6%
2019-04-23: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.51	$55.51	$67.91	$55.51	$67.50
Max Pain	$53.33	$50.00	$60.00	$50.00	$60.00
ATM IV	34.5%	27.0%	47.1%	33.5%	32.2%
Expected Move	10.4%	7.7%	13.5%	10.2%	9.2%
HV 20d	24.1%	18.7%	37.3%	19.5%	37.3%
HV 60d	27.3%	24.7%	31.8%	26.8%	31.8%
IV Rank	33.4%	14.6%	64.6%	30.8%	27.7%
IV Percentile	63.1%	32.1%	96.4%	66.3%	61.5%
Term Structure	-4.8%	-10.2%	2.4%	2.0%	-2.1%
VWIV	36.1%	27.5%	46.7%	35.9%	29.3%
Skew 25d	5.5%	3.5%	7.8%	6.0%	4.2%
Skew 10d	12.3%	7.5%	20.0%	11.7%	9.8%
Call IV 25d	33.4%	23.6%	44.5%	31.1%	28.9%
Put IV 25d	38.9%	31.1%	50.3%	37.1%	33.1%
Bid-Ask Spread %	59.44	33.74	72.81	65.19	42.46
Gamma HHI	0.35	0.25	0.63	0.25	0.49
Net GEX	122.5K	10.7K	459.8K	23.2K	459.8K
Net DEX	-4.7M	-13.5M	-1.4M	-2.1M	-12.7M
Net VEX	-9.7K	-24.9K	-4.1K	-5.7K	-23.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.00	4.48	0.13	0.67
Total Volume	335.048	1	2,178	9	145
Total OI	2,145.524	672	4,961	1,271	4,961

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
2019-04-01	$55.51	$50.00	33.5%	10.2%	19.5%	30.8%	0.0%	6.0%	2.0%	23.2K	-2.1M	-5.7K	0.13	65.19	8	1	863	408
2019-04-02	$55.97	$50.00	33.2%	10.2%	19.6%	30.1%	35.9%	7.8%	2.4%	26.4K	-2.2M	-5.8K	0.15	65.83	13	2	871	409
2019-04-03	$57.05	$55.00	29.3%	10.1%	20.1%	20.5%	33.4%	5.7%	-4.8%	32.4K	-2.5M	-5.5K	0.07	66.34	29	2	876	410
2019-04-04	$56.18	$55.00	31.7%	10.2%	21.2%	26.3%	37.5%	5.5%	-5.1%	25.0K	-2.3M	-5.4K	0.10	67.04	39	4	868	410
2019-04-05	$56.33	$50.00	27.3%	10.3%	21.1%	15.3%	38.3%	6.1%	-6.4%	23.1K	-2.4M	-5.3K	0.10	66.38	39	4	888	412
2019-04-08	$56.14	$50.00	29.3%	10.4%	21.0%	20.4%	0.0%	5.3%	-5.6%	17.5K	-2.3M	-5.3K	0.00	63.56	2	0	888	412
2019-04-09	$56.10	$50.00	29.4%	10.5%	21.0%	20.5%	39.5%	4.8%	-6.0%	16.0K	-2.3M	-5.2K	0.00	65.96	17	0	890	412
2019-04-10	$56.75	$50.00	37.5%	10.7%	21.1%	40.7%	37.8%	5.7%	-6.4%	23.3K	-2.5M	-5.1K	0.00	66.02	42	0	902	412
2019-04-11	$57.10	$50.00	37.6%	10.8%	19.7%	41.2%	38.2%	6.1%	-6.8%	26.6K	-2.5M	-4.8K	0.00	64.80	42	0	892	412
2019-04-12	$57.05	$50.00	37.6%	10.8%	19.7%	41.2%	38.6%	5.6%	-6.7%	23.2K	-2.5M	-4.7K	0.00	65.60	52	0	892	412
2019-04-15	$57.28	$50.00	39.4%	11.3%	19.7%	45.4%	0.0%	6.3%	-8.0%	22.7K	-2.5M	-4.5K	0.00	65.01	1	0	882	412
2019-04-16	$57.48	$50.00	39.8%	11.4%	19.3%	46.5%	37.9%	4.9%	-8.2%	16.8K	-2.6M	-4.3K	0.00	72.81	19	0	882	412
2019-04-17	$57.05	$50.00	40.2%	11.5%	19.6%	47.4%	38.0%	6.6%	-8.7%	10.7K	-2.5M	-4.3K	0.00	67.15	59	0	883	411
2019-04-18	$57.33	$50.00	39.4%	11.3%	18.7%	45.6%	37.6%	4.8%	-8.3%	13.5K	-2.6M	-4.4K	0.00	65.23	64	0	884	411
2019-04-22	$60.20	$50.00	44.7%	12.8%	21.0%	58.8%	43.9%	5.5%	-9.9%	15.6K	-1.4M	-4.1K	0.46	51.71	1,490	684	363	309
2019-04-23	$61.08	$60.00	47.1%	13.5%	21.2%	64.6%	46.7%	5.8%	-10.2%	159.7K	-3.3M	-17.6K	1.49	40.54	875	1,303	1,818	982
2019-04-24	$66.51	$60.00	31.1%	8.9%	35.4%	24.9%	29.6%	4.7%	-1.2%	362.0K	-10.4M	-20.6K	0.66	65.60	538	357	2,413	1,725
2019-04-25	$65.42	$60.00	29.9%	8.6%	35.7%	21.9%	31.0%	3.9%	-0.7%	394.4K	-9.5M	-24.9K	4.48	33.74	119	533	2,750	1,952
2019-04-26	$67.78	$60.00	27.7%	8.0%	36.7%	16.5%	29.4%	3.5%	-0.1%	421.2K	-13.0M	-22.4K	1.81	39.76	159	288	2,830	1,946
2019-04-29	$67.91	$60.00	27.0%	7.7%	36.8%	14.6%	27.5%	7.5%	0.8%	458.9K	-13.5M	-21.5K	0.33	47.41	80	26	2,900	1,991
2019-04-30	$67.50	$60.00	32.2%	9.2%	37.3%	27.7%	29.3%	4.2%	-2.1%	459.8K	-12.7M	-23.2K	0.67	42.46	87	58	2,945	2,016