MANH Options History — February 2021

In February 2021, MANH traded between $115.97 and $143.56. ATM implied volatility averaged 42.7%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 6.5% (HV 20d: 36.1%). Max pain ranged from $110.00 to $135.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 2.92.

Notable Days

2021-02-11: Highest Volume — 192 contracts
2021-02-03: Largest IV drop — 27.4% change
2021-02-01: Highest IV Rank — 46.7%
2021-02-01: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$129.64	$115.97	$143.56	$115.97	$123.41
Max Pain	$130.00	$110.00	$135.00	$110.00	$130.00
ATM IV	42.7%	35.3%	63.1%	63.1%	41.3%
Expected Move	12.4%	10.7%	18.1%	18.1%	11.8%
HV 20d	36.1%	28.0%	43.7%	30.3%	43.7%
HV 60d	31.8%	30.3%	33.4%	31.8%	33.1%
IV Rank	20.5%	11.4%	46.7%	46.7%	18.3%
IV Percentile	32.7%	5.2%	87.3%	87.3%	29.4%
Term Structure	-0.6%	-12.5%	2.7%	-12.5%	-0.5%
VWIV	44.0%	37.1%	63.5%	63.5%	42.0%
Skew 25d	1.0%	-3.5%	5.9%	3.4%	2.3%
Skew 10d	1.0%	-20.0%	22.2%	1.3%	22.2%
Call IV 25d	44.1%	37.3%	63.5%	63.5%	42.7%
Put IV 25d	45.1%	37.3%	66.9%	66.9%	45.0%
Bid-Ask Spread %	75.07	66.53	86.60	70.06	84.75
Gamma HHI	0.14	0.12	0.18	0.12	0.12
Net GEX	48.0K	17.1K	80.9K	19.9K	44.6K
Net DEX	-2.6M	-4.5M	-1.1M	-1.1M	-1.7M
Net VEX	-9.8K	-13.3K	-6.1K	-6.2K	-11.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.92	0.00	16.00	16.00	1.00
Total Volume	59.895	6	192	17	6
Total OI	756.526	457	1,010	457	824

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
2021-02-01	$115.97	$110.00	63.1%	18.1%	30.3%	46.7%	63.5%	3.4%	-12.5%	19.9K	-1.1M	-6.2K	16.00	70.06	1	16	279	178
2021-02-02	$117.03	$115.00	59.4%	17.0%	28.0%	42.2%	59.6%	0.8%	-10.6%	20.2K	-1.2M	-6.1K	1.20	74.79	45	54	280	185
2021-02-03	$119.31	$115.00	43.2%	12.4%	28.3%	22.5%	45.5%	-3.0%	-1.7%	17.1K	-1.3M	-6.3K	3.03	85.29	37	112	308	240
2021-02-04	$125.85	$130.00	36.8%	11.4%	32.5%	14.8%	41.4%	1.5%	-0.7%	25.4K	-1.9M	-6.2K	5.82	68.97	11	64	319	273
2021-02-05	$130.30	$130.00	35.3%	10.7%	33.5%	13.0%	37.1%	5.9%	0.7%	28.3K	-2.2M	-6.1K	0.12	67.67	25	3	320	288
2021-02-08	$134.04	$130.00	35.7%	10.8%	34.1%	11.4%	38.4%	1.8%	-0.7%	37.6K	-2.7M	-6.1K	0.36	70.79	14	5	342	291
2021-02-09	$139.03	$130.00	36.1%	10.7%	35.3%	12.0%	38.0%	0.7%	0.1%	42.4K	-3.1M	-6.4K	0.06	67.11	178	11	356	295
2021-02-10	$141.33	$130.00	38.4%	11.0%	35.1%	14.7%	41.3%	0.1%	1.8%	64.6K	-4.2M	-10.5K	2.61	71.01	18	47	491	301
2021-02-11	$143.56	$135.00	40.5%	11.6%	33.0%	17.4%	40.5%	-0.8%	2.7%	63.4K	-4.5M	-10.3K	0.14	66.53	168	24	498	301
2021-02-12	$139.72	$135.00	41.0%	11.7%	35.6%	18.0%	41.6%	-3.5%	1.6%	80.9K	-4.5M	-13.3K	2.54	71.02	13	33	644	325
2021-02-16	$136.12	$135.00	43.2%	12.4%	37.3%	20.8%	0.0%	1.4%	-0.2%	71.2K	-3.8M	-12.8K	0.20	75.17	5	1	638	344
2021-02-17	$134.79	$135.00	42.1%	12.1%	37.8%	19.4%	44.2%	1.8%	1.9%	72.7K	-3.6M	-12.6K	5.91	73.92	11	65	640	344
2021-02-18	$133.92	$135.00	42.3%	12.1%	37.1%	19.6%	43.0%	0.9%	1.3%	77.2K	-3.5M	-12.5K	0.14	72.22	21	3	647	346
2021-02-19	$132.24	$135.00	41.3%	11.8%	37.5%	18.3%	40.8%	2.2%	0.3%	67.2K	-3.3M	-12.4K	1.33	82.83	3	4	664	346
2021-02-22	$127.28	$135.00	41.0%	11.7%	40.6%	18.0%	39.7%	2.1%	1.4%	55.0K	-2.3M	-12.0K	2.81	78.65	16	45	546	187
2021-02-23	$124.10	$135.00	40.7%	11.7%	41.9%	17.7%	45.1%	1.7%	2.3%	43.1K	-1.8M	-11.4K	11.00	80.08	1	11	562	208
2021-02-24	$124.89	$135.00	42.4%	12.2%	41.8%	19.7%	0.0%	0.3%	1.0%	43.9K	-1.8M	-11.4K	0.00	78.97	16	0	563	211
2021-02-25	$120.35	$135.00	46.9%	13.5%	43.0%	25.4%	46.1%	0.3%	-0.3%	38.0K	-1.3M	-10.8K	1.13	86.60	24	27	579	211
2021-02-26	$123.41	$130.00	41.3%	11.8%	43.7%	18.3%	42.0%	2.3%	-0.5%	44.6K	-1.7M	-11.9K	1.00	84.75	3	3	595	229