MANH Options History — September 2020

In September 2020, MANH traded between $91.55 and $101.33. ATM implied volatility averaged 45.1%, placing in the 26.8% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 10.4% (HV 20d: 34.7%). Max pain ranged from $80.00 to $95.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 3.94.

Notable Days

2020-09-24: Highest Volume — 103 contracts
2020-09-09: Largest IV drop — 18.9% change
2020-09-08: Highest IV Rank — 38.2%
2020-09-02: Largest Expected Move — 14.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$95.26	$91.55	$101.33	$98.62	$95.31
Max Pain	$81.43	$80.00	$95.00	$95.00	$80.00
ATM IV	45.1%	41.3%	54.8%	47.0%	41.3%
Expected Move	12.7%	11.8%	14.6%	13.5%	11.9%
HV 20d	34.7%	24.4%	36.8%	24.4%	35.8%
HV 60d	34.7%	33.8%	36.2%	34.0%	34.3%
IV Rank	26.8%	22.3%	38.2%	29.1%	22.4%
IV Percentile	55.6%	42.1%	77.8%	61.5%	42.1%
Term Structure	4.9%	-6.5%	11.0%	-6.5%	11.0%
VWIV	45.7%	40.5%	49.5%	49.5%	40.5%
Skew 25d	2.9%	-6.1%	12.1%	4.5%	12.1%
Skew 10d	14.5%	1.5%	40.2%	28.3%	10.0%
Call IV 25d	46.2%	34.9%	52.0%	47.8%	34.9%
Put IV 25d	49.1%	37.0%	56.0%	52.2%	47.0%
Bid-Ask Spread %	90.87	84.44	102.29	102.29	98.23
Gamma HHI	0.21	0.18	0.27	0.22	0.20
Net GEX	46.8K	16.5K	108.8K	53.9K	29.8K
Net DEX	-2.8M	-4.2M	-1.9M	-3.6M	-2.6M
Net VEX	-10.0K	-12.4K	-8.2K	-11.8K	-9.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.94	0.00	33.33	0.00	0.06
Total Volume	20.286	0	103	4	19
Total OI	1,280.333	1,071	1,382	1,355	1,224

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
2020-09-01	$98.62	$95.00	47.0%	13.5%	24.4%	29.1%	0.0%	4.5%	-6.5%	53.9K	-3.6M	-11.8K	0.00	102.29	4	0	770	585
2020-09-02	$101.33	$95.00	50.9%	14.6%	25.8%	33.7%	49.5%	1.8%	-4.8%	67.0K	-4.2M	-12.4K	0.18	97.23	11	2	774	585
2020-09-03	$94.81	$80.00	43.0%	13.2%	35.0%	24.4%	47.9%	-1.7%	2.4%	35.6K	-2.7M	-12.0K	0.52	94.31	21	11	776	586
2020-09-04	$93.35	$80.00	51.1%	12.4%	35.0%	33.9%	43.5%	1.1%	7.1%	29.0K	-2.4M	-12.1K	0.20	90.44	5	1	787	595
2020-09-08	$91.55	$80.00	54.8%	13.0%	33.8%	38.2%	49.0%	4.0%	3.1%	16.5K	-1.9M	-11.3K	21.33	86.97	3	64	787	595
2020-09-09	$94.26	$80.00	44.4%	12.7%	35.3%	26.0%	0.0%	0.4%	4.1%	49.5K	-2.6M	-11.4K	0.00	87.54	0	0	784	562
2020-09-10	$95.27	$80.00	44.9%	12.9%	35.4%	26.6%	46.2%	0.7%	1.3%	59.8K	-2.9M	-10.6K	0.00	88.88	0	19	784	562
2020-09-11	$93.19	$80.00	44.1%	12.6%	35.7%	25.6%	44.3%	2.8%	3.5%	32.0K	-2.3M	-10.2K	5.50	84.44	2	11	784	568
2020-09-14	$95.05	$80.00	44.1%	12.6%	35.7%	25.7%	0.0%	-6.1%	3.3%	62.0K	-2.7M	-10.1K	0.00	86.96	30	0	786	568
2020-09-15	$96.01	$80.00	46.5%	13.3%	35.2%	28.4%	0.0%	-0.7%	0.8%	81.0K	-3.0M	-10.0K	0.00	85.45	3	0	793	568
2020-09-16	$97.06	$80.00	46.1%	13.2%	35.4%	28.0%	45.3%	3.2%	2.2%	108.8K	-3.5M	-9.3K	3.00	88.97	1	3	796	568
2020-09-17	$95.08	$80.00	43.7%	12.5%	36.2%	25.2%	0.0%	5.9%	8.0%	69.4K	-3.0M	-8.9K	0.00	87.51	0	0	797	569
2020-09-18	$95.74	$80.00	41.9%	12.0%	35.9%	23.0%	45.5%	6.5%	10.7%	56.4K	-3.2M	-8.5K	0.11	88.37	37	4	797	569
2020-09-21	$94.77	$80.00	42.9%	12.3%	35.8%	24.2%	46.7%	2.8%	9.1%	39.7K	-2.7M	-8.6K	1.23	89.44	13	16	640	431
2020-09-22	$96.37	$80.00	43.6%	12.5%	36.2%	25.0%	43.1%	5.0%	7.9%	44.1K	-3.0M	-8.2K	0.50	89.50	2	1	647	439
2020-09-23	$94.61	$80.00	44.4%	12.7%	36.4%	26.0%	44.4%	-2.6%	8.2%	37.9K	-2.8M	-8.2K	1.00	88.10	1	1	647	440
2020-09-24	$92.96	$80.00	42.7%	12.3%	36.3%	24.0%	47.8%	5.4%	8.4%	34.7K	-2.4M	-8.4K	33.33	90.45	3	100	647	440
2020-09-25	$94.36	$80.00	41.3%	11.8%	36.8%	22.3%	0.0%	3.6%	7.8%	21.1K	-2.3M	-9.5K	0.00	90.82	36	0	648	540
2020-09-28	$95.46	$80.00	43.5%	12.5%	36.7%	24.9%	46.6%	9.7%	8.8%	28.5K	-2.6M	-9.4K	0.00	95.87	0	1	684	540
2020-09-29	$95.37	$80.00	44.1%	12.7%	36.1%	25.7%	44.5%	3.1%	7.0%	26.1K	-2.6M	-9.5K	0.00	96.55	1	0	684	541
2020-09-30	$95.31	$80.00	41.3%	11.9%	35.8%	22.4%	40.5%	12.1%	11.0%	29.8K	-2.6M	-9.1K	0.06	98.23	18	1	683	541