MANH Options History — August 2020

In August 2020, MANH traded between $91.53 and $99.33. ATM implied volatility averaged 39.8%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 6.9% (HV 20d: 32.9%). Max pain ranged from $90.00 to $95.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 3.30.

Notable Days

2020-08-21: Highest Volume — 130 contracts
2020-08-31: Largest IV spike — 20.5% change
2020-08-31: Highest IV Rank — 28.0%
2020-08-31: Largest Expected Move — 13.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$95.25	$91.53	$99.33	$97.44	$97.45
Max Pain	$94.29	$90.00	$95.00	$90.00	$95.00
ATM IV	39.8%	36.4%	46.1%	43.5%	46.1%
Expected Move	11.4%	10.4%	13.2%	12.5%	13.2%
HV 20d	32.9%	24.4%	43.2%	43.2%	24.5%
HV 60d	43.6%	36.1%	49.2%	49.1%	36.4%
IV Rank	20.6%	16.6%	28.0%	25.0%	28.0%
IV Percentile	46.9%	39.7%	60.3%	56.0%	60.3%
Term Structure	1.2%	-3.7%	3.9%	-2.8%	-3.7%
VWIV	40.5%	36.4%	43.7%	41.1%	39.9%
Skew 25d	2.5%	-6.5%	13.9%	4.6%	-6.5%
Skew 10d	9.0%	-6.0%	25.7%	12.9%	7.0%
Call IV 25d	41.6%	37.5%	50.8%	42.4%	50.8%
Put IV 25d	44.1%	36.2%	53.0%	47.0%	44.3%
Bid-Ask Spread %	89.14	77.33	97.61	90.08	97.22
Gamma HHI	0.22	0.18	0.27	0.21	0.22
Net GEX	51.9K	11.2K	87.7K	85.5K	52.9K
Net DEX	-2.9M	-3.8M	-1.9M	-3.6M	-3.3M
Net VEX	-12.9K	-14.9K	-10.7K	-14.9K	-12.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.30	0.00	30.00	0.33	30.00
Total Volume	29.667	0	130	6	0
Total OI	1,449	1,209	1,560	1,494	1,355

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
2020-08-03	$97.44	$90.00	43.5%	12.5%	43.2%	25.0%	0.0%	4.6%	-2.8%	85.5K	-3.6M	-14.9K	0.00	90.08	0	6	875	619
2020-08-04	$96.21	$90.00	41.9%	12.0%	41.7%	23.0%	41.1%	-0.1%	-1.1%	76.1K	-3.2M	-14.8K	0.33	93.71	18	6	875	623
2020-08-05	$97.49	$90.00	40.9%	11.7%	41.8%	21.9%	41.5%	3.3%	0.6%	84.3K	-3.5M	-14.6K	0.16	90.52	19	3	865	626
2020-08-06	$95.90	$95.00	41.1%	11.7%	42.2%	22.1%	0.0%	-3.8%	1.4%	62.6K	-3.0M	-14.5K	1.00	80.12	5	5	854	624
2020-08-07	$94.49	$95.00	40.7%	10.9%	41.8%	21.7%	43.7%	5.3%	2.0%	49.5K	-2.6M	-14.3K	0.33	83.30	6	2	857	629
2020-08-10	$91.53	$95.00	43.1%	12.1%	39.3%	24.4%	43.5%	0.1%	0.6%	15.5K	-1.9M	-13.4K	3.67	81.28	3	11	852	631
2020-08-11	$92.31	$95.00	39.2%	11.0%	38.9%	19.8%	38.5%	-1.4%	1.9%	11.2K	-2.0M	-12.8K	0.00	97.61	0	10	854	634
2020-08-12	$92.66	$95.00	40.5%	11.6%	32.0%	21.3%	39.6%	2.7%	0.8%	19.7K	-2.1M	-13.0K	0.06	84.91	31	2	854	638
2020-08-13	$94.46	$95.00	40.0%	11.5%	32.0%	20.8%	40.0%	4.4%	0.2%	42.8K	-2.5M	-13.2K	0.33	77.33	21	7	866	637
2020-08-14	$92.64	$95.00	39.1%	11.2%	30.1%	19.7%	0.0%	0.8%	1.9%	17.3K	-2.1M	-12.9K	0.00	87.95	0	3	879	637
2020-08-17	$94.39	$95.00	39.5%	11.3%	30.6%	20.2%	39.9%	5.0%	3.9%	44.6K	-2.5M	-12.6K	0.00	85.59	58	0	879	639
2020-08-18	$94.37	$95.00	40.6%	11.6%	30.4%	21.5%	0.0%	13.9%	1.1%	55.3K	-2.7M	-12.7K	0.00	87.81	0	2	921	639
2020-08-19	$93.73	$95.00	38.9%	11.1%	30.1%	19.5%	0.0%	2.0%	2.2%	41.9K	-2.6M	-11.4K	0.00	87.58	0	0	921	637
2020-08-20	$95.14	$95.00	39.0%	11.2%	30.6%	19.7%	41.3%	3.7%	3.0%	87.7K	-3.0M	-11.6K	5.33	88.59	3	16	921	637
2020-08-21	$94.08	$95.00	36.5%	10.5%	30.8%	16.6%	41.7%	2.4%	0.5%	28.4K	-2.5M	-10.7K	2.25	93.11	40	90	919	632
2020-08-24	$94.75	$95.00	36.5%	10.5%	28.8%	16.7%	36.6%	2.9%	2.6%	45.1K	-2.8M	-11.6K	0.58	94.49	26	15	714	495
2020-08-25	$96.17	$95.00	36.4%	10.4%	27.9%	16.6%	43.0%	1.0%	2.4%	57.6K	-3.2M	-12.0K	3.12	89.28	26	81	739	510
2020-08-26	$97.76	$95.00	38.1%	10.9%	25.7%	18.6%	41.3%	2.4%	3.8%	65.4K	-3.5M	-12.4K	0.08	97.20	50	4	765	541
2020-08-27	$97.91	$95.00	36.9%	10.6%	24.5%	17.2%	36.4%	7.1%	2.4%	70.6K	-3.5M	-12.3K	2.29	91.49	7	16	767	545
2020-08-28	$99.33	$95.00	38.2%	11.0%	24.4%	18.7%	39.9%	2.9%	1.6%	75.9K	-3.8M	-12.8K	30.00	92.82	1	30	769	555
2020-08-31	$97.45	$95.00	46.1%	13.2%	24.5%	28.0%	0.0%	-6.5%	-3.7%	52.9K	-3.3M	-12.2K	0.00	97.22	0	0	770	585