MANH Options History — January 2020

In January 2020, MANH traded between $80.41 and $87.86. ATM implied volatility averaged 33.7%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 21.5% (HV 20d: 12.2%). Max pain ranged from $75.00 to $85.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.57.

Notable Days

2020-01-27: Highest Volume — 149 contracts
2020-01-15: Largest IV spike — 45.4% change
2020-01-31: Highest IV Rank — 60.2%
2020-01-31: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$84.24	$80.41	$87.86	$80.41	$85.56
Max Pain	$80.95	$75.00	$85.00	$75.00	$85.00
ATM IV	33.7%	22.4%	45.8%	24.3%	45.8%
Expected Move	10.9%	6.9%	13.1%	7.0%	13.1%
HV 20d	12.2%	8.7%	17.3%	17.3%	15.2%
HV 60d	20.5%	16.4%	23.6%	23.6%	17.4%
IV Rank	29.0%	0.0%	60.2%	4.4%	60.2%
IV Percentile	53.2%	0.0%	97.2%	3.6%	97.2%
Term Structure	-4.9%	-9.8%	16.1%	15.2%	-9.8%
VWIV	39.5%	22.2%	61.3%	61.3%	45.1%
Skew 25d	2.9%	2.3%	3.6%	3.6%	3.0%
Skew 10d	5.3%	1.7%	9.2%	3.9%	2.7%
Call IV 25d	36.6%	22.2%	44.6%	22.2%	44.6%
Put IV 25d	39.5%	25.6%	47.5%	25.8%	47.5%
Bid-Ask Spread %	67.40	60.15	75.60	66.00	73.42
Gamma HHI	0.59	0.27	0.98	0.59	0.27
Net GEX	505.8K	99.9K	4.4M	171.3K	106.7K
Net DEX	-3.4M	-6.5M	-2.3M	-2.3M	-2.5M
Net VEX	-10.5K	-12.3K	-9.3K	-11.3K	-10.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.00	2.25	0.00	0.00
Total Volume	31.571	0	149	2	95
Total OI	1,901.571	781	2,742	2,592	958

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
2020-01-02	$80.41	$75.00	24.3%	7.0%	17.3%	4.4%	61.3%	3.6%	15.2%	171.3K	-2.3M	-11.3K	0.00	66.00	2	0	1,391	1,201
2020-01-03	$80.60	$75.00	23.9%	6.9%	16.3%	3.4%	22.2%	3.0%	16.1%	181.0K	-2.4M	-11.2K	2.00	62.38	2	4	1,401	1,201
2020-01-06	$81.18	$80.00	26.2%	11.3%	16.5%	9.4%	38.4%	3.5%	-7.0%	229.9K	-2.7M	-11.0K	0.00	60.15	6	0	1,401	1,202
2020-01-07	$81.53	$80.00	25.3%	11.0%	15.8%	7.0%	37.6%	3.2%	-5.9%	257.2K	-2.8M	-10.7K	0.02	60.27	92	2	1,402	1,202
2020-01-08	$82.68	$80.00	22.4%	10.8%	15.3%	0.0%	38.0%	2.7%	-6.4%	350.1K	-3.6M	-11.6K	0.67	62.51	3	2	1,477	1,204
2020-01-09	$83.19	$80.00	23.7%	10.5%	13.4%	3.4%	36.6%	3.1%	-5.7%	428.9K	-4.0M	-11.7K	0.02	66.05	98	2	1,467	1,204
2020-01-10	$83.17	$80.00	23.1%	10.6%	13.3%	1.8%	38.0%	2.8%	-6.2%	450.6K	-4.2M	-12.3K	0.42	66.51	12	5	1,526	1,204
2020-01-13	$83.69	$80.00	27.2%	10.9%	12.5%	12.4%	37.1%	3.1%	-6.9%	548.7K	-4.6M	-11.6K	0.00	66.21	18	0	1,526	1,200
2020-01-14	$83.86	$80.00	25.6%	10.9%	9.5%	8.2%	38.0%	3.4%	-6.8%	642.2K	-4.6M	-11.3K	0.00	64.15	8	0	1,537	1,200
2020-01-15	$84.10	$80.00	37.1%	10.6%	8.7%	38.0%	36.5%	3.1%	-6.8%	721.1K	-4.8M	-10.9K	0.00	69.21	24	0	1,538	1,200
2020-01-16	$84.95	$80.00	36.6%	10.5%	8.9%	36.6%	0.0%	2.5%	-6.6%	1.3M	-5.7M	-10.6K	2.25	75.60	4	9	1,533	1,200
2020-01-17	$85.12	$80.00	35.7%	10.2%	9.0%	34.2%	35.0%	2.8%	-6.9%	4.4M	-6.5M	-9.9K	0.32	67.12	31	10	1,533	1,209
2020-01-21	$84.42	$80.00	38.8%	11.1%	9.9%	42.1%	38.3%	3.0%	-5.9%	104.0K	-2.3M	-9.3K	0.56	65.43	9	5	645	136
2020-01-22	$85.62	$80.00	38.8%	11.1%	10.3%	42.3%	38.9%	2.3%	-6.1%	107.2K	-2.6M	-9.5K	1.00	70.77	1	1	651	139
2020-01-23	$86.03	$80.00	39.6%	11.3%	10.2%	44.2%	39.4%	2.8%	-6.5%	108.5K	-2.6M	-9.3K	2.00	70.41	10	20	652	139
2020-01-24	$85.61	$85.00	41.0%	11.8%	10.6%	47.9%	40.8%	3.1%	-7.5%	101.8K	-2.5M	-9.6K	0.25	71.66	4	1	657	158
2020-01-27	$85.21	$85.00	43.9%	12.6%	11.0%	55.2%	43.4%	2.6%	-8.4%	99.9K	-2.4M	-9.3K	0.69	64.84	88	61	655	158
2020-01-28	$86.85	$85.00	42.4%	12.2%	12.3%	51.5%	0.0%	3.2%	-8.0%	113.1K	-2.9M	-10.2K	0.00	71.65	0	0	721	217
2020-01-29	$87.33	$85.00	43.0%	12.3%	10.4%	53.1%	42.6%	2.3%	-8.2%	114.7K	-3.0M	-10.1K	1.20	69.89	10	12	721	217
2020-01-30	$87.86	$85.00	42.9%	12.3%	10.4%	52.7%	42.7%	2.7%	-7.9%	114.3K	-3.1M	-9.8K	0.00	71.26	12	0	723	227
2020-01-31	$85.56	$85.00	45.8%	13.1%	15.2%	60.2%	45.1%	3.0%	-9.8%	106.7K	-2.5M	-10.0K	0.00	73.42	95	0	731	227