MANH Options History — December 2020

In December 2020, MANH traded between $98.88 and $107.54. ATM implied volatility averaged 38.5%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 6.6% (HV 20d: 31.9%). Max pain ranged from $90.00 to $95.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.92.

Notable Days

  • 2020-12-16: Highest Volume — 185 contracts
  • 2020-12-07: Largest IV spike — 14.5% change
  • 2020-12-07: Highest IV Rank — 23.4%
  • 2020-12-28: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.08$98.88$107.54$103.76$105.96
Max Pain$93.64$90.00$95.00$90.00$95.00
ATM IV38.5%36.6%42.2%37.2%37.6%
Expected Move11.0%10.5%11.7%10.7%10.8%
HV 20d31.9%26.3%41.1%41.1%26.3%
HV 60d38.2%37.7%38.8%38.2%38.8%
IV Rank19.0%16.9%23.4%17.5%18.0%
IV Percentile22.1%13.1%39.3%20.6%15.9%
Term Structure4.6%-2.1%10.1%-0.6%5.2%
VWIV42.0%37.4%68.4%39.1%44.8%
Skew 25d3.1%-3.1%8.5%8.5%6.4%
Skew 10d9.0%-8.7%23.6%18.2%23.6%
Call IV 25d38.7%37.1%42.4%37.4%39.1%
Put IV 25d41.8%37.8%45.9%45.9%45.6%
Bid-Ask Spread %75.4266.7384.8381.3484.83
Gamma HHI0.220.170.320.240.18
Net GEX105.6K67.1K181.5K117.9K101.5K
Net DEX-2.1M-2.8M-1.1M-2.4M-2.4M
Net VEX-7.7K-9.1K-5.9K-8.1K-6.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.920.009.001.299.00
Total Volume39.591018511910
Total OI1,013.7277831,2067831,063

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-12-01$103.76$90.0037.2%10.7%41.1%17.5%39.1%8.5%-0.6%117.9K-2.4M-8.1K1.2981.345267538245
2020-12-02$101.69$95.0040.3%11.5%38.8%21.1%39.9%4.7%-2.1%109.0K-2.2M-8.3K0.0082.24040567293
2020-12-03$102.14$90.0038.9%11.2%35.0%19.5%41.2%1.8%3.6%110.7K-2.2M-8.9K0.3370.13186567333
2020-12-04$104.25$90.0036.8%10.9%34.9%17.1%43.9%6.8%2.9%126.6K-2.7M-8.9K3.4572.2233114585333
2020-12-07$102.47$90.0042.2%11.6%35.7%23.4%0.0%4.8%3.2%120.7K-2.2M-9.1K0.3869.29166604396
2020-12-08$101.79$90.0040.2%11.0%35.3%21.1%68.4%3.0%2.4%114.5K-2.0M-8.9K5.6766.73317589399
2020-12-09$99.47$90.0038.2%11.0%34.2%18.7%39.8%1.4%4.7%96.4K-1.6M-8.8K2.4071.621536588403
2020-12-10$101.41$95.0038.8%11.1%34.4%19.3%37.4%3.4%3.7%113.6K-1.9M-8.6K0.0072.4101590423
2020-12-11$100.04$95.0040.1%11.5%30.8%20.9%40.8%2.9%4.4%95.1K-1.5M-8.4K1.7773.291323590423
2020-12-14$98.88$95.0037.9%10.9%30.3%18.4%39.7%5.0%3.5%93.0K-1.2M-8.0K0.2672.48195588430
2020-12-15$99.10$95.0038.1%10.9%30.3%18.6%45.8%4.1%3.8%92.3K-1.1M-7.7K0.0073.99012586435
2020-12-16$101.39$95.0038.0%10.9%31.0%18.5%39.3%4.6%3.9%123.7K-1.8M-7.5K4.6178.5133152586445
2020-12-17$104.21$95.0036.7%10.5%31.1%16.9%37.9%1.1%7.9%181.5K-2.6M-7.6K1.1575.131315600589
2020-12-18$104.23$95.0037.5%10.8%29.5%17.9%42.2%0.8%6.9%93.4K-2.6M-7.8K0.1169.36364605601
2020-12-21$103.19$95.0038.6%11.1%29.7%19.1%39.2%2.3%7.2%67.1K-1.7M-7.1K1.5070.2369482523
2020-12-22$106.19$95.0039.1%11.2%31.0%19.7%40.0%4.1%5.8%82.8K-2.3M-6.7K0.1373.75385482531
2020-12-23$107.54$95.0036.8%10.6%29.4%17.0%37.7%2.1%9.9%101.4K-2.8M-6.9K0.5479.84137520531
2020-12-24$106.56$95.0036.6%10.5%29.8%16.9%0.0%-2.5%10.1%94.6K-2.6M-7.1K0.0080.0800520536
2020-12-28$104.83$95.0040.8%11.7%28.8%21.8%41.4%3.9%3.3%91.1K-2.3M-6.4K0.0079.90028520536
2020-12-29$103.35$95.0038.1%10.9%26.8%18.6%39.6%2.1%4.9%89.5K-2.0M-6.5K0.0079.8650520544
2020-12-30$105.27$95.0037.6%10.8%27.4%18.0%0.0%-3.1%5.9%107.7K-2.5M-5.9K0.0081.9810519544
2020-12-31$105.96$95.0037.6%10.8%26.3%18.0%44.8%6.4%5.2%101.5K-2.4M-6.7K9.0084.8319519544