MANH Options History — November 2020

In November 2020, MANH traded between $84.90 and $102.69. ATM implied volatility averaged 41.1%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 8.2% (HV 20d: 49.3%). Max pain ranged from $90.00 to $100.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.90.

Notable Days

2020-11-17: Highest Volume — 199 contracts
2020-11-11: Largest IV drop — 10.1% change
2020-11-02: Highest IV Rank — 34.6%
2020-11-02: Largest Expected Move — 14.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$94.23	$84.90	$102.69	$84.90	$102.69
Max Pain	$93.00	$90.00	$100.00	$100.00	$90.00
ATM IV	41.1%	36.1%	51.7%	51.7%	37.4%
Expected Move	11.7%	10.3%	14.8%	14.8%	10.7%
HV 20d	49.3%	40.9%	54.9%	43.0%	41.5%
HV 60d	38.7%	35.0%	40.1%	35.0%	38.3%
IV Rank	22.1%	16.2%	34.6%	34.6%	17.7%
IV Percentile	35.3%	18.3%	70.6%	70.6%	21.4%
Term Structure	-0.3%	-3.7%	3.1%	-2.3%	0.4%
VWIV	42.4%	36.1%	77.8%	77.8%	39.9%
Skew 25d	3.4%	-0.4%	9.2%	3.5%	0.1%
Skew 10d	11.8%	-0.6%	21.2%	16.5%	18.9%
Call IV 25d	42.2%	33.9%	56.6%	56.6%	41.9%
Put IV 25d	45.6%	41.1%	60.1%	60.1%	42.1%
Bid-Ask Spread %	83.65	76.69	94.50	88.11	84.81
Gamma HHI	0.21	0.17	0.27	0.18	0.27
Net GEX	11.1K	-20.4K	106.0K	-8.0K	106.0K
Net DEX	133.8K	-2.2M	1.9M	1.9M	-2.2M
Net VEX	-7.7K	-8.8K	-6.1K	-6.7K	-7.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.90	0.00	10.00	0.00	0.00
Total Volume	36.4	0	199	5	57
Total OI	1,005.7	687	1,270	1,050	758

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
2020-11-02	$84.90	$100.00	51.7%	14.8%	43.0%	34.6%	77.8%	3.5%	-2.3%	-8.0K	1.9M	-6.7K	0.00	88.11	5	0	596	454
2020-11-03	$89.69	$100.00	48.7%	14.0%	48.2%	31.1%	0.0%	0.2%	3.1%	-7.7K	1.3M	-7.9K	0.00	94.50	0	0	596	454
2020-11-04	$94.40	$100.00	44.9%	12.9%	51.3%	26.6%	48.5%	2.2%	-2.4%	-7.6K	390.7K	-8.8K	1.46	90.29	13	19	593	454
2020-11-05	$93.34	$95.00	42.5%	11.7%	51.3%	23.7%	39.1%	1.1%	0.1%	-3.7K	573.6K	-8.1K	0.00	87.32	4	0	597	437
2020-11-06	$94.54	$95.00	42.7%	12.1%	51.2%	24.0%	41.7%	4.1%	-0.8%	-961	280.6K	-8.4K	0.00	78.37	8	0	601	437
2020-11-09	$96.53	$95.00	43.9%	11.9%	51.3%	25.4%	40.2%	4.8%	-1.3%	1.6K	-218.6K	-7.9K	0.32	81.71	63	20	603	437
2020-11-10	$93.43	$95.00	44.9%	11.6%	52.1%	26.6%	42.9%	-0.4%	-0.0%	-4.9K	511.9K	-7.3K	10.00	80.25	3	30	609	433
2020-11-11	$94.99	$95.00	40.4%	11.6%	52.7%	21.3%	0.0%	5.5%	-0.8%	-10.2K	265.6K	-7.8K	0.00	76.69	3	0	612	462
2020-11-12	$91.11	$95.00	41.7%	12.0%	54.1%	22.8%	41.1%	8.5%	-3.7%	-13.8K	1.1M	-7.0K	0.57	86.52	7	4	611	462
2020-11-13	$93.37	$90.00	40.2%	11.5%	54.9%	21.1%	41.1%	0.5%	-0.0%	-17.5K	688.4K	-7.2K	0.13	78.45	8	1	612	462
2020-11-16	$93.33	$90.00	40.5%	11.6%	54.6%	21.4%	41.6%	3.8%	-1.0%	-18.5K	753.8K	-6.6K	0.00	79.83	9	0	614	463
2020-11-17	$93.10	$90.00	38.9%	11.2%	53.9%	19.6%	42.2%	3.4%	0.2%	-20.4K	882.7K	-6.1K	0.72	81.46	116	83	620	463
2020-11-18	$91.58	$90.00	39.6%	11.4%	53.9%	20.3%	40.3%	2.4%	-0.4%	-11.2K	1.2M	-8.1K	2.38	89.10	8	19	736	534
2020-11-19	$94.65	$90.00	38.6%	11.1%	52.1%	19.2%	40.8%	2.4%	0.3%	-1.6K	148.3K	-8.7K	0.61	82.99	18	11	739	528
2020-11-20	$96.01	$90.00	37.9%	10.9%	48.7%	18.3%	38.7%	5.4%	0.0%	8.5K	-506.6K	-8.1K	0.96	81.69	45	43	738	530
2020-11-23	$96.94	$90.00	38.0%	10.9%	43.6%	18.5%	36.3%	4.9%	1.1%	47.5K	-1.0M	-8.0K	0.00	81.95	80	0	442	245
2020-11-24	$94.79	$90.00	37.6%	10.8%	44.4%	17.9%	37.5%	0.8%	0.0%	47.4K	-829.2K	-7.9K	0.00	84.71	2	0	481	245
2020-11-25	$96.02	$90.00	36.3%	10.4%	40.9%	16.5%	36.9%	4.6%	0.4%	56.5K	-941.8K	-7.9K	0.00	79.71	2	0	482	245
2020-11-27	$99.22	$90.00	36.1%	10.3%	42.1%	16.2%	36.1%	9.2%	0.2%	80.9K	-1.5M	-7.7K	0.00	84.48	47	0	484	245
2020-11-30	$102.69	$90.00	37.4%	10.7%	41.5%	17.7%	39.9%	0.1%	0.4%	106.0K	-2.2M	-7.9K	0.00	84.81	57	0	513	245