MANH Options History — January 2021

In January 2021, MANH traded between $103.22 and $119.06. ATM implied volatility averaged 47.6%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 20.1% (HV 20d: 27.6%). Max pain ranged from $100.00 to $110.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 2.11.

Notable Days

2021-01-14: Highest Volume — 88 contracts
2021-01-13: Largest IV spike — 19.9% change
2021-01-27: Highest IV Rank — 47.0%
2021-01-27: Largest Expected Move — 18.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$113.58	$103.22	$119.06	$103.22	$112.82
Max Pain	$105.79	$100.00	$110.00	$100.00	$110.00
ATM IV	47.6%	34.7%	63.4%	46.6%	61.3%
Expected Move	14.2%	12.5%	18.2%	12.8%	17.6%
HV 20d	27.6%	26.5%	29.0%	28.1%	29.0%
HV 60d	37.2%	32.4%	39.7%	38.9%	33.1%
IV Rank	28.5%	14.5%	47.0%	28.6%	44.5%
IV Percentile	53.1%	7.1%	87.7%	56.0%	86.5%
Term Structure	-6.0%	-14.0%	-2.0%	-2.0%	-4.2%
VWIV	50.7%	43.6%	60.6%	44.6%	60.6%
Skew 25d	1.5%	-6.1%	9.0%	-0.3%	-6.1%
Skew 10d	7.0%	-6.5%	21.9%	21.9%	-6.5%
Call IV 25d	50.6%	43.3%	65.7%	49.4%	64.1%
Put IV 25d	52.1%	46.2%	62.6%	49.1%	58.0%
Bid-Ask Spread %	66.55	53.79	79.41	64.97	79.41
Gamma HHI	0.23	0.13	0.70	0.21	0.14
Net GEX	69.9K	11.2K	133.2K	88.6K	11.2K
Net DEX	-2.4M	-4.6M	-853.4K	-1.9M	-853.4K
Net VEX	-5.2K	-6.5K	-4.1K	-5.9K	-6.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.11	0.00	8.00	2.00	1.89
Total Volume	24.579	1	88	12	26
Total OI	771.684	313	1,167	1,071	460

Daily Data (19 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
2021-01-04	$103.22	$100.00	46.6%	12.8%	28.1%	28.6%	44.6%	-0.3%	-2.0%	88.6K	-1.9M	-5.9K	2.00	64.97	4	8	518	553
2021-01-05	$104.72	$100.00	40.5%	12.8%	27.6%	21.4%	56.4%	1.6%	-3.5%	111.5K	-2.3M	-5.3K	0.00	65.34	0	18	521	557
2021-01-06	$106.87	$100.00	39.7%	12.6%	27.7%	20.4%	43.6%	5.3%	-3.0%	119.1K	-2.7M	-5.2K	0.00	64.38	38	0	521	563
2021-01-07	$109.37	$100.00	34.7%	12.5%	28.5%	14.5%	46.7%	2.9%	-4.5%	133.2K	-3.4M	-5.1K	3.50	60.33	4	14	551	563
2021-01-08	$111.05	$105.00	35.4%	12.7%	26.9%	14.7%	46.6%	0.0%	-4.9%	129.5K	-3.7M	-5.0K	0.20	53.79	10	2	554	568
2021-01-11	$113.25	$105.00	40.9%	13.0%	26.9%	21.2%	47.1%	3.3%	-5.7%	121.7K	-4.1M	-4.4K	2.00	59.99	3	6	555	569
2021-01-12	$115.93	$105.00	39.7%	13.1%	26.6%	18.3%	45.6%	2.2%	-5.6%	112.7K	-4.6M	-4.3K	0.89	57.27	9	8	554	576
2021-01-13	$113.38	$105.00	47.6%	13.6%	27.9%	27.9%	0.0%	-1.3%	-8.1%	106.3K	-4.3M	-4.4K	0.00	74.83	0	1	556	578
2021-01-14	$115.49	$105.00	48.6%	13.9%	28.1%	29.1%	52.6%	2.6%	-4.6%	114.1K	-4.5M	-4.1K	0.24	68.09	71	17	556	579
2021-01-15	$114.56	$105.00	46.9%	13.4%	28.0%	27.0%	0.0%	4.7%	-4.1%	127.1K	-4.1M	-4.8K	0.00	71.06	25	0	571	596
2021-01-19	$114.62	$105.00	48.9%	14.0%	26.9%	29.4%	47.1%	9.0%	-4.5%	23.7K	-1.1M	-4.8K	8.00	67.98	1	8	187	126
2021-01-20	$118.30	$105.00	49.8%	14.3%	28.5%	30.6%	48.4%	1.0%	-7.8%	25.1K	-1.3M	-4.6K	0.00	65.75	0	5	188	132
2021-01-21	$117.75	$110.00	47.8%	13.7%	28.1%	28.1%	51.3%	-0.9%	-4.8%	21.8K	-1.2M	-4.7K	2.00	62.92	19	38	188	136
2021-01-22	$117.78	$110.00	48.4%	13.9%	27.0%	28.9%	49.7%	3.8%	-4.9%	19.4K	-1.2M	-5.2K	8.00	65.79	1	8	206	156
2021-01-25	$117.78	$110.00	50.8%	14.6%	26.9%	31.7%	52.4%	2.3%	-7.1%	17.8K	-1.1M	-5.2K	0.81	64.18	43	35	205	164
2021-01-26	$119.06	$110.00	53.2%	15.3%	26.5%	34.7%	52.9%	-3.1%	-6.8%	15.0K	-1.2M	-5.9K	0.09	69.71	23	2	248	187
2021-01-27	$116.00	$110.00	63.4%	18.2%	27.7%	47.0%	58.2%	-3.1%	-13.3%	15.0K	-1.0M	-6.5K	0.50	75.00	4	2	270	189
2021-01-28	$116.13	$110.00	61.0%	17.5%	26.8%	44.1%	58.2%	4.0%	-14.0%	15.3K	-1.1M	-6.5K	3.67	73.73	3	11	274	187
2021-01-29	$112.82	$110.00	61.3%	17.6%	29.0%	44.5%	60.6%	-6.1%	-4.2%	11.2K	-853.4K	-6.4K	1.89	79.41	9	17	274	186