MANH Options History — February 2020

In February 2020, MANH traded between $66.51 and $89.22. ATM implied volatility averaged 33.9%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 15.8% (HV 20d: 49.7%). Max pain ranged from $80.00 to $85.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.27.

Notable Days

2020-02-13: Highest Volume — 800 contracts
2020-02-05: Largest IV drop — 42.2% change
2020-02-28: Highest IV Rank — 97.8%
2020-02-28: Largest Expected Move — 16.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$77.93	$66.51	$89.22	$87.06	$66.51
Max Pain	$80.79	$80.00	$85.00	$85.00	$80.00
ATM IV	33.9%	24.6%	57.0%	47.9%	57.0%
Expected Move	9.7%	7.3%	16.3%	13.7%	16.3%
HV 20d	49.7%	16.0%	56.4%	16.0%	56.4%
HV 60d	32.1%	17.6%	36.1%	17.6%	36.1%
IV Rank	31.9%	6.3%	97.8%	65.7%	97.8%
IV Percentile	50.3%	6.0%	99.6%	98.0%	99.6%
Term Structure	-2.8%	-11.5%	0.9%	-11.5%	-11.5%
VWIV	33.5%	25.3%	55.7%	45.6%	55.7%
Skew 25d	2.0%	-2.9%	4.7%	3.5%	-2.9%
Skew 10d	4.7%	-4.9%	14.7%	5.3%	12.3%
Call IV 25d	33.4%	25.0%	62.8%	45.4%	62.8%
Put IV 25d	35.4%	27.2%	59.9%	48.9%	59.9%
Bid-Ask Spread %	74.54	41.99	84.89	72.38	75.88
Gamma HHI	0.32	0.24	0.39	0.27	0.32
Net GEX	105.0K	30.5K	194.6K	144.2K	84.1K
Net DEX	-754.8K	-4.2M	2.1M	-3.2M	2.1M
Net VEX	-14.3K	-20.2K	-6.2K	-10.4K	-13.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.00	0.78	0.08	0.20
Total Volume	216.632	26	800	206	49
Total OI	2,302.211	1,046	3,240	1,046	2,727

Daily Data (19 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
2020-02-03	$87.06	$85.00	47.9%	13.7%	16.0%	65.7%	45.6%	3.5%	-11.5%	144.2K	-3.2M	-10.4K	0.08	72.38	191	15	819	227
2020-02-04	$89.22	$85.00	46.5%	13.3%	17.6%	62.0%	46.5%	4.7%	-11.2%	194.6K	-4.2M	-11.2K	0.24	62.70	483	118	998	241
2020-02-05	$78.15	$85.00	26.9%	7.7%	51.8%	11.6%	26.4%	-0.5%	-1.1%	33.8K	-180.7K	-6.2K	0.44	81.32	441	194	1,160	248
2020-02-06	$78.51	$80.00	24.6%	7.3%	51.5%	6.3%	25.3%	2.5%	-0.1%	37.2K	-250.0K	-10.2K	0.15	77.80	183	28	1,489	371
2020-02-07	$76.74	$80.00	27.2%	7.9%	51.9%	13.7%	26.2%	1.8%	-0.3%	30.5K	245.9K	-10.0K	0.01	80.40	110	1	1,567	392
2020-02-10	$78.31	$80.00	26.9%	7.8%	52.6%	12.9%	27.5%	2.9%	0.2%	65.5K	-481.0K	-11.2K	0.11	68.86	157	18	1,638	380
2020-02-11	$78.43	$80.00	27.0%	7.8%	52.5%	13.0%	27.3%	1.8%	-0.1%	89.5K	-777.3K	-11.7K	0.06	74.85	67	4	1,722	390
2020-02-12	$78.58	$80.00	26.9%	7.7%	52.5%	12.9%	27.2%	2.0%	-0.0%	81.8K	-748.6K	-11.6K	0.36	41.99	22	8	1,733	389
2020-02-13	$79.87	$80.00	27.2%	7.8%	52.9%	13.7%	27.2%	1.6%	-0.3%	114.4K	-1.5M	-12.2K	0.78	75.83	450	350	1,738	382
2020-02-14	$80.05	$80.00	26.7%	7.6%	52.7%	12.2%	25.9%	1.9%	-0.3%	98.5K	-1.8M	-19.5K	0.43	76.03	93	40	2,120	732
2020-02-18	$81.05	$80.00	27.4%	7.9%	53.0%	14.3%	25.9%	2.3%	-0.1%	113.3K	-2.5M	-19.2K	0.00	80.53	163	0	2,132	772
2020-02-19	$81.71	$80.00	27.0%	7.7%	53.1%	13.1%	26.0%	3.3%	-0.3%	153.6K	-3.3M	-20.2K	0.00	81.71	26	0	2,248	771
2020-02-20	$78.79	$80.00	27.9%	8.0%	54.1%	15.5%	28.1%	2.7%	0.9%	48.8K	-636.2K	-18.8K	0.12	84.89	254	30	2,236	771
2020-02-21	$77.26	$80.00	31.0%	8.9%	54.3%	24.5%	30.6%	1.5%	-1.3%	172.9K	-244.6K	-19.6K	0.77	83.48	64	49	2,455	785
2020-02-24	$74.65	$80.00	37.3%	10.7%	55.2%	42.1%	36.6%	1.6%	-1.2%	132.8K	180.3K	-17.7K	0.11	70.22	228	24	1,685	657
2020-02-25	$73.34	$80.00	40.7%	11.7%	55.4%	51.7%	40.6%	1.8%	-3.5%	151.0K	397.9K	-18.0K	0.04	82.02	46	2	1,872	679
2020-02-26	$72.69	$80.00	40.1%	11.5%	54.5%	50.2%	40.9%	3.2%	-3.5%	146.0K	866.2K	-16.8K	0.75	71.41	32	24	1,906	680
2020-02-27	$69.69	$80.00	47.9%	13.7%	55.4%	72.0%	46.8%	2.3%	-7.5%	103.1K	1.8M	-13.9K	0.54	73.91	99	53	1,936	694
2020-02-28	$66.51	$80.00	57.0%	16.3%	56.4%	97.8%	55.7%	-2.9%	-11.5%	84.1K	2.1M	-13.0K	0.20	75.88	41	8	2,025	702