MANH Options History — November 2019

In November 2019, MANH traded between $75.00 and $84.17. ATM implied volatility averaged 28.7%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 2.0% (HV 20d: 26.7%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.61.

Notable Days

2019-11-22: Highest Volume — 319 contracts
2019-11-11: Largest IV spike — 11.3% change
2019-11-12: Highest IV Rank — 20.8%
2019-11-04: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$78.13	$75.00	$84.17	$75.48	$83.46
Max Pain	$76.50	$75.00	$80.00	$80.00	$75.00
ATM IV	28.7%	25.5%	32.4%	29.0%	26.5%
Expected Move	8.2%	7.3%	8.6%	8.3%	7.6%
HV 20d	26.7%	18.3%	31.1%	30.9%	18.3%
HV 60d	26.4%	25.8%	27.2%	26.7%	27.1%
IV Rank	10.7%	1.8%	20.8%	11.5%	4.6%
IV Percentile	25.3%	2.8%	57.5%	24.6%	10.7%
Term Structure	-0.1%	-0.7%	1.0%	1.0%	-0.2%
VWIV	28.8%	27.1%	31.1%	28.6%	27.3%
Skew 25d	2.5%	1.0%	3.3%	1.0%	1.5%
Skew 10d	4.1%	-3.1%	6.1%	3.5%	1.5%
Call IV 25d	27.6%	25.1%	29.2%	29.1%	26.7%
Put IV 25d	30.1%	27.9%	31.6%	30.1%	28.2%
Bid-Ask Spread %	79.72	72.81	85.26	77.59	85.26
Gamma HHI	0.30	0.18	0.43	0.28	0.41
Net GEX	-83.9K	-342.5K	235.0K	-248.3K	231.0K
Net DEX	-372.7K	-5.5M	3.2M	2.8M	-5.1M
Net VEX	-21.1K	-27.4K	-17.7K	-27.4K	-20.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.00	2.50	1.86	1.00
Total Volume	53.4	3	319	20	4
Total OI	4,187.05	2,384	5,547	5,517	2,827

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
2019-11-01	$75.48	$80.00	29.0%	8.3%	30.9%	11.5%	28.6%	1.0%	1.0%	-248.3K	2.8M	-27.4K	1.86	77.59	7	13	2,644	2,873
2019-11-04	$75.69	$80.00	31.8%	8.6%	30.5%	19.1%	31.1%	2.3%	-0.5%	-255.9K	2.4M	-25.8K	0.33	73.75	15	5	2,648	2,838
2019-11-05	$76.62	$80.00	30.5%	8.5%	31.1%	15.5%	0.0%	2.3%	-0.2%	-226.9K	1.4M	-25.2K	0.00	72.81	3	0	2,652	2,840
2019-11-06	$75.57	$80.00	29.0%	8.5%	30.4%	11.4%	30.4%	1.6%	-0.2%	-294.7K	2.7M	-24.2K	1.17	72.97	12	14	2,652	2,846
2019-11-07	$75.00	$80.00	28.7%	8.5%	30.3%	10.7%	29.1%	2.2%	-0.2%	-317.4K	3.2M	-22.7K	0.56	76.76	18	10	2,652	2,832
2019-11-08	$75.31	$80.00	27.8%	8.4%	29.1%	8.1%	29.5%	2.9%	-0.2%	-319.9K	3.0M	-22.3K	0.00	77.28	22	0	2,648	2,824
2019-11-11	$75.19	$75.00	30.9%	8.4%	28.3%	16.7%	0.0%	2.5%	-0.5%	-342.5K	3.1M	-20.2K	0.50	84.85	10	5	2,669	2,823
2019-11-12	$75.92	$75.00	32.4%	8.3%	28.8%	20.8%	28.3%	3.0%	0.5%	-318.1K	2.3M	-20.2K	0.06	79.36	102	6	2,679	2,828
2019-11-13	$76.07	$75.00	29.1%	8.3%	28.4%	11.8%	28.7%	2.6%	-0.5%	-331.4K	1.9M	-20.1K	0.15	78.46	52	8	2,721	2,826
2019-11-14	$76.49	$75.00	28.8%	8.3%	28.5%	10.9%	27.4%	2.4%	-0.3%	-121.3K	896.0K	-18.7K	0.16	81.26	32	5	2,717	2,822
2019-11-15	$76.72	$75.00	28.0%	8.0%	25.0%	8.6%	27.1%	2.2%	0.5%	-15.0K	-1.0M	-18.5K	0.22	83.92	69	15	2,727	2,590
2019-11-18	$77.78	$75.00	27.8%	8.0%	24.4%	8.1%	28.9%	2.7%	-0.7%	12.7K	-1.4M	-17.7K	0.75	82.46	8	6	1,157	1,227
2019-11-19	$79.91	$75.00	28.2%	8.1%	24.1%	9.3%	29.3%	3.3%	-0.5%	56.7K	-2.3M	-18.0K	0.22	79.11	115	25	1,162	1,233
2019-11-20	$80.29	$75.00	28.9%	8.3%	23.8%	11.3%	28.8%	3.0%	-0.4%	71.4K	-2.6M	-19.5K	0.05	80.30	20	1	1,254	1,218
2019-11-21	$79.05	$75.00	29.0%	8.3%	23.3%	11.6%	29.9%	3.0%	-0.7%	47.5K	-2.1M	-19.1K	2.50	80.51	4	10	1,253	1,218
2019-11-22	$79.38	$75.00	28.4%	8.1%	23.3%	9.9%	29.8%	2.5%	-0.3%	56.6K	-2.2M	-19.2K	0.09	83.62	293	26	1,253	1,219
2019-11-25	$81.44	$75.00	28.4%	8.1%	24.8%	9.8%	28.8%	2.4%	0.1%	176.7K	-3.9M	-21.7K	0.47	82.77	17	8	1,532	1,240
2019-11-26	$83.12	$75.00	25.5%	7.3%	25.4%	1.8%	27.1%	2.8%	0.7%	225.9K	-5.0M	-21.0K	1.76	79.05	33	58	1,531	1,240
2019-11-27	$84.17	$75.00	26.0%	7.4%	25.5%	3.2%	27.3%	3.1%	0.3%	235.0K	-5.5M	-20.8K	0.31	82.34	13	4	1,536	1,290
2019-11-29	$83.46	$75.00	26.5%	7.6%	18.3%	4.6%	0.0%	1.5%	-0.2%	231.0K	-5.1M	-20.4K	1.00	85.26	2	2	1,536	1,291