MANH Options History — December 2019

In December 2019, MANH traded between $76.71 and $82.94. ATM implied volatility averaged 25.8%, placing in the 5.3% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 5.5% (HV 20d: 20.4%). Max pain ranged from $75.00 to $75.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 4.59.

Notable Days

2019-12-17: Highest Volume — 106 contracts
2019-12-03: Largest IV spike — 11.4% change
2019-12-03: Highest IV Rank — 16.4%
2019-12-03: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$79.78	$76.71	$82.94	$82.94	$79.90
Max Pain	$75.00	$75.00	$75.00	$75.00	$75.00
ATM IV	25.8%	22.6%	30.8%	27.7%	24.1%
Expected Move	7.3%	6.5%	8.8%	7.9%	6.9%
HV 20d	20.4%	16.6%	24.0%	18.8%	17.1%
HV 60d	26.1%	23.7%	27.2%	27.2%	23.7%
IV Rank	5.3%	0.0%	16.4%	7.8%	4.0%
IV Percentile	12.5%	0.0%	49.6%	15.9%	3.2%
Term Structure	8.7%	-1.4%	15.1%	-0.3%	14.9%
VWIV	24.6%	13.2%	31.5%	30.2%	24.8%
Skew 25d	2.6%	1.0%	4.9%	3.1%	2.4%
Skew 10d	3.3%	-2.2%	14.5%	5.6%	1.7%
Call IV 25d	24.4%	21.0%	28.5%	27.5%	23.0%
Put IV 25d	27.0%	23.0%	31.6%	30.6%	25.4%
Bid-Ask Spread %	76.44	58.54	89.26	77.69	60.34
Gamma HHI	0.40	0.26	0.61	0.39	0.55
Net GEX	157.9K	20.5K	334.7K	216.3K	146.6K
Net DEX	-2.5M	-4.7M	-833.1K	-4.7M	-2.2M
Net VEX	-14.8K	-20.3K	-11.2K	-20.1K	-11.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.59	0.00	34.33	9.00	26.50
Total Volume	24.714	0	106	2	55
Total OI	2,749.238	2,497	2,920	2,829	2,553

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
2019-12-02	$82.94	$75.00	27.7%	7.9%	18.8%	7.8%	0.0%	3.1%	-0.3%	216.3K	-4.7M	-20.1K	0.00	77.69	0	2	1,536	1,293
2019-12-03	$82.39	$75.00	30.8%	8.8%	19.2%	16.4%	30.2%	3.0%	-1.1%	201.1K	-4.4M	-20.3K	9.00	83.59	1	9	1,536	1,294
2019-12-04	$81.01	$75.00	30.0%	8.6%	20.3%	14.1%	31.5%	2.6%	-1.4%	175.3K	-3.6M	-19.2K	2.50	71.40	4	10	1,535	1,288
2019-12-05	$80.97	$75.00	29.3%	8.2%	19.4%	12.3%	0.0%	3.3%	6.7%	178.1K	-3.5M	-19.6K	0.00	78.89	0	0	1,540	1,268
2019-12-06	$82.06	$75.00	28.1%	7.8%	19.3%	9.1%	26.3%	3.1%	6.9%	231.4K	-4.3M	-18.1K	0.00	83.96	4	0	1,540	1,268
2019-12-09	$80.65	$75.00	28.8%	7.8%	20.8%	10.9%	0.0%	2.0%	6.8%	195.2K	-3.4M	-17.7K	0.00	75.92	0	0	1,541	1,268
2019-12-10	$79.17	$75.00	29.8%	7.8%	22.1%	13.5%	27.1%	2.7%	7.0%	149.0K	-2.5M	-16.4K	2.00	78.28	7	14	1,541	1,268
2019-12-11	$78.92	$75.00	26.7%	7.7%	22.1%	5.2%	27.3%	3.7%	7.0%	134.8K	-2.3M	-16.3K	0.00	84.08	12	0	1,544	1,280
2019-12-12	$78.12	$75.00	27.0%	7.7%	22.5%	5.9%	0.0%	2.1%	6.8%	96.3K	-1.8M	-16.0K	0.00	83.98	12	0	1,543	1,279
2019-12-13	$76.71	$75.00	25.6%	7.3%	23.5%	2.0%	13.2%	4.9%	8.7%	20.5K	-833.1K	-13.3K	0.11	84.22	57	6	1,541	1,295
2019-12-16	$77.87	$75.00	24.7%	7.1%	24.0%	0.0%	26.5%	2.2%	7.9%	85.0K	-1.4M	-13.3K	1.36	81.86	11	15	1,542	1,295
2019-12-17	$78.28	$75.00	24.0%	6.9%	23.6%	0.0%	25.3%	1.8%	9.1%	110.0K	-1.7M	-12.8K	34.33	80.85	3	103	1,543	1,280
2019-12-18	$78.67	$75.00	23.3%	6.7%	21.5%	0.0%	24.5%	2.5%	10.1%	152.7K	-1.8M	-13.1K	4.22	89.25	9	38	1,542	1,351
2019-12-19	$78.81	$75.00	23.1%	6.6%	21.4%	0.0%	22.0%	2.7%	9.7%	163.8K	-1.6M	-12.6K	0.83	88.73	18	15	1,544	1,376
2019-12-20	$79.72	$75.00	22.6%	6.5%	21.1%	0.0%	20.6%	2.4%	10.1%	334.7K	-2.3M	-12.5K	0.00	89.26	9	0	1,542	1,372
2019-12-23	$79.72	$75.00	22.6%	6.5%	21.1%	0.0%	22.5%	1.0%	14.9%	133.8K	-2.1M	-12.0K	0.23	60.24	26	6	1,335	1,162
2019-12-24	$79.74	$75.00	22.8%	6.5%	18.8%	0.7%	22.7%	2.5%	15.0%	133.4K	-2.1M	-11.9K	0.00	74.86	7	0	1,336	1,162
2019-12-26	$79.90	$75.00	23.1%	6.6%	17.1%	1.4%	0.0%	2.4%	15.1%	143.2K	-2.1M	-11.6K	0.00	58.82	44	0	1,342	1,162
2019-12-27	$80.49	$75.00	23.5%	6.7%	16.6%	2.4%	23.1%	2.5%	15.0%	184.1K	-2.6M	-12.2K	0.11	58.54	9	1	1,386	1,162
2019-12-30	$79.42	$75.00	24.6%	7.0%	16.9%	5.1%	26.0%	2.0%	14.3%	130.3K	-2.1M	-11.2K	1.40	60.42	5	7	1,386	1,163
2019-12-31	$79.90	$75.00	24.1%	6.9%	17.1%	4.0%	24.8%	2.4%	14.9%	146.6K	-2.2M	-11.2K	26.50	60.34	2	53	1,385	1,168