MANH Options History — May 2020

In May 2020, MANH traded between $68.76 and $89.72. ATM implied volatility averaged 53.7%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded below realized volatility by 18.9% (HV 20d: 72.6%). Max pain ranged from $55.00 to $80.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 6.92.

Notable Days

2020-05-13: Highest Volume — 927 contracts
2020-05-12: Largest IV spike — 47.0% change
2020-05-05: Highest IV Rank — 55.0%
2020-05-14: Largest Expected Move — 16.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$76.34	$68.76	$89.72	$68.76	$88.34
Max Pain	$71.00	$55.00	$80.00	$55.00	$80.00
ATM IV	53.7%	44.3%	69.0%	54.5%	47.1%
Expected Move	14.5%	13.2%	16.2%	15.6%	13.5%
HV 20d	72.6%	57.6%	87.9%	87.9%	58.0%
HV 60d	108.0%	106.3%	109.4%	106.3%	109.2%
IV Rank	36.9%	25.8%	55.0%	37.9%	29.2%
IV Percentile	82.5%	75.4%	90.9%	86.5%	75.4%
Term Structure	-0.1%	-4.3%	3.2%	-4.3%	0.9%
VWIV	56.6%	44.5%	75.4%	57.0%	51.4%
Skew 25d	10.0%	4.3%	16.5%	16.3%	10.8%
Skew 10d	28.6%	6.7%	45.5%	35.4%	37.7%
Call IV 25d	49.6%	45.0%	54.3%	45.1%	46.6%
Put IV 25d	59.5%	50.8%	64.4%	61.4%	57.4%
Bid-Ask Spread %	69.51	56.35	97.76	97.76	78.02
Gamma HHI	0.27	0.15	0.52	0.16	0.36
Net GEX	68.5K	5.1K	258.6K	21.1K	147.9K
Net DEX	-2.8M	-9.3M	-783.2K	-1.3M	-6.7M
Net VEX	-17.8K	-27.7K	-10.1K	-10.1K	-23.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.92	0.00	73.00	13.00	0.00
Total Volume	234.7	4	927	14	654
Total OI	2,570	1,396	4,098	1,396	3,832

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
2020-05-01	$68.76	$55.00	54.5%	15.6%	87.9%	37.9%	57.0%	16.3%	-4.3%	21.1K	-1.3M	-10.1K	13.00	97.76	1	13	737	659
2020-05-04	$70.80	$70.00	52.9%	15.2%	86.9%	36.0%	75.4%	6.3%	0.5%	28.5K	-1.8M	-10.5K	1.82	67.69	11	20	745	666
2020-05-05	$70.09	$70.00	69.0%	13.9%	80.6%	55.0%	0.0%	16.5%	0.7%	23.6K	-1.6M	-10.7K	0.00	69.31	22	0	754	686
2020-05-06	$71.12	$70.00	57.9%	14.3%	80.6%	41.9%	0.0%	9.5%	3.2%	24.1K	-1.7M	-11.0K	0.00	61.89	5	0	733	686
2020-05-07	$75.77	$70.00	67.7%	15.1%	81.5%	53.4%	56.5%	12.4%	2.1%	32.8K	-2.3M	-10.9K	0.19	61.37	145	28	737	686
2020-05-08	$77.17	$70.00	56.2%	14.3%	78.7%	39.9%	63.9%	12.3%	0.4%	26.5K	-2.4M	-10.6K	13.33	61.01	3	40	698	701
2020-05-11	$77.55	$70.00	44.3%	14.0%	76.8%	25.8%	54.4%	8.8%	2.2%	26.9K	-2.4M	-10.1K	0.65	66.23	34	22	701	728
2020-05-12	$75.24	$70.00	65.1%	14.5%	76.2%	50.4%	56.5%	9.7%	0.5%	22.7K	-2.3M	-11.1K	73.00	72.45	1	73	726	749
2020-05-13	$69.56	$70.00	53.9%	15.4%	76.9%	37.2%	63.0%	10.1%	-0.4%	5.1K	-1.0M	-11.3K	1.04	65.83	455	472	727	820
2020-05-14	$71.48	$70.00	56.5%	16.2%	77.0%	40.3%	56.4%	10.4%	-2.6%	21.4K	-1.5M	-16.9K	4.25	61.35	16	68	1,180	1,247
2020-05-15	$72.05	$70.00	56.1%	16.1%	76.7%	39.8%	60.2%	12.8%	1.1%	13.2K	-1.5M	-18.0K	0.86	56.35	350	301	1,190	1,313
2020-05-18	$75.23	$70.00	51.3%	14.7%	75.5%	34.1%	65.8%	12.2%	-1.8%	74.4K	-1.4M	-20.8K	2.29	64.26	212	485	1,405	1,421
2020-05-19	$74.20	$70.00	49.5%	14.2%	71.0%	32.0%	55.0%	7.5%	-1.8%	45.4K	-1.2M	-26.3K	19.33	71.42	3	58	1,617	1,865
2020-05-20	$73.74	$70.00	49.4%	14.2%	63.8%	31.9%	52.4%	9.8%	-0.1%	35.1K	-783.2K	-24.7K	0.00	67.39	0	345	1,618	1,923
2020-05-21	$77.02	$75.00	50.8%	14.6%	63.2%	33.6%	49.9%	4.3%	-1.4%	42.1K	-1.8M	-27.6K	0.15	70.88	79	12	1,618	2,261
2020-05-22	$77.92	$75.00	47.2%	13.5%	63.0%	29.3%	46.6%	8.5%	-1.4%	79.9K	-2.1M	-27.7K	0.33	70.26	3	1	1,675	2,261
2020-05-26	$82.40	$75.00	50.1%	14.4%	59.5%	32.7%	57.3%	10.0%	-0.9%	213.4K	-5.0M	-24.8K	1.00	71.32	51	51	1,674	2,260
2020-05-27	$88.54	$75.00	45.9%	13.2%	60.4%	27.8%	44.5%	5.3%	0.7%	258.6K	-8.5M	-24.1K	0.09	80.46	278	24	1,704	2,299
2020-05-28	$89.72	$75.00	48.0%	13.8%	57.6%	30.2%	52.3%	5.8%	-0.5%	227.2K	-9.3M	-25.8K	0.09	75.00	329	29	1,777	2,321
2020-05-29	$88.34	$80.00	47.1%	13.5%	58.0%	29.2%	51.4%	10.8%	0.9%	147.9K	-6.7M	-23.8K	0.00	78.02	654	0	1,485	2,347