MANH Options History — May 2021

In May 2021, MANH traded between $129.28 and $137.26. ATM implied volatility averaged 34.5%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 12.2% (HV 20d: 46.7%). Max pain ranged from $115.00 to $140.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 2.33.

Notable Days

2021-05-10: Highest Volume — 319 contracts
2021-05-11: Largest IV spike — 10.5% change
2021-05-11: Highest IV Rank — 37.1%
2021-05-13: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$132.94	$129.28	$137.26	$137.26	$136.15
Max Pain	$133.25	$115.00	$140.00	$115.00	$135.00
ATM IV	34.5%	29.7%	40.3%	33.0%	29.7%
Expected Move	9.8%	8.5%	11.0%	9.5%	8.5%
HV 20d	46.7%	26.5%	52.2%	47.9%	26.5%
HV 60d	43.1%	38.1%	45.0%	45.0%	38.1%
IV Rank	22.6%	10.5%	37.1%	16.8%	10.5%
IV Percentile	7.2%	0.8%	31.7%	2.0%	0.8%
Term Structure	-0.4%	-3.1%	2.8%	-1.2%	2.3%
VWIV	34.7%	29.8%	41.1%	31.0%	34.6%
Skew 25d	3.8%	-1.5%	9.8%	2.5%	2.8%
Skew 10d	8.5%	-6.3%	24.0%	-2.2%	7.9%
Call IV 25d	33.8%	30.0%	39.2%	31.9%	30.0%
Put IV 25d	37.7%	32.8%	49.0%	34.4%	32.8%
Bid-Ask Spread %	77.84	68.55	90.90	87.90	84.63
Gamma HHI	0.14	0.11	0.20	0.20	0.15
Net GEX	140.4K	103.1K	202.6K	202.6K	165.5K
Net DEX	-2.7M	-4.0M	-1.8M	-4.0M	-3.1M
Net VEX	-13.7K	-17.2K	-9.9K	-14.5K	-17.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.33	0.05	17.00	1.00	7.00
Total Volume	52.15	4	319	4	8
Total OI	1,028.45	903	1,264	916	1,102

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
2021-05-03	$137.26	$115.00	33.0%	9.5%	47.9%	16.8%	31.0%	2.5%	-1.2%	202.6K	-4.0M	-14.5K	1.00	87.90	2	2	780	136
2021-05-04	$134.18	$115.00	31.4%	9.0%	49.1%	13.1%	29.8%	-1.5%	-2.0%	174.1K	-3.5M	-14.1K	0.17	90.90	12	2	782	136
2021-05-05	$134.13	$115.00	34.3%	9.8%	47.9%	19.9%	35.0%	1.1%	-3.1%	182.7K	-3.4M	-13.7K	0.07	88.91	61	4	792	136
2021-05-06	$131.22	$140.00	34.7%	10.0%	49.0%	21.5%	34.5%	4.3%	-1.9%	158.0K	-2.9M	-12.5K	1.43	76.77	7	10	793	136
2021-05-07	$133.00	$140.00	33.7%	9.3%	48.5%	19.1%	0.0%	1.4%	0.3%	174.7K	-3.3M	-13.0K	0.75	74.23	8	6	814	137
2021-05-10	$129.28	$140.00	36.5%	9.5%	49.9%	27.3%	33.2%	3.6%	0.0%	145.8K	-2.7M	-11.8K	0.42	71.62	225	94	810	139
2021-05-11	$131.25	$140.00	40.3%	10.2%	49.9%	37.1%	35.2%	3.1%	-1.2%	118.8K	-2.0M	-9.9K	0.38	69.41	21	8	675	228
2021-05-12	$129.35	$140.00	37.4%	10.7%	49.9%	29.8%	41.1%	9.8%	2.8%	103.1K	-1.8M	-10.3K	3.67	73.76	9	33	675	236
2021-05-13	$130.79	$135.00	38.3%	11.0%	50.0%	33.5%	37.7%	6.5%	-1.7%	104.9K	-1.9M	-10.6K	0.71	70.24	14	10	684	261
2021-05-14	$133.90	$135.00	34.5%	9.9%	50.3%	23.3%	35.1%	4.3%	-0.6%	150.8K	-2.7M	-14.3K	4.13	72.39	8	33	837	268
2021-05-17	$132.48	$135.00	37.8%	10.8%	50.3%	32.1%	0.0%	1.2%	-0.5%	122.9K	-2.4M	-14.5K	2.50	71.29	6	15	837	310
2021-05-18	$133.23	$135.00	35.7%	10.2%	49.9%	26.6%	36.6%	4.7%	-0.9%	136.3K	-2.4M	-14.4K	0.10	72.96	120	12	840	311
2021-05-19	$129.29	$135.00	36.9%	10.6%	51.3%	29.5%	0.0%	4.7%	-0.7%	111.5K	-2.0M	-14.7K	17.00	68.55	1	17	930	314
2021-05-20	$132.99	$135.00	34.3%	9.8%	52.1%	22.6%	36.6%	2.8%	-0.2%	144.7K	-2.4M	-14.9K	1.40	74.01	5	7	930	331
2021-05-21	$132.08	$135.00	34.7%	10.0%	52.2%	23.9%	35.7%	6.6%	-0.6%	111.2K	-2.3M	-14.3K	1.00	81.00	8	8	928	336
2021-05-24	$133.54	$135.00	31.5%	9.0%	51.1%	15.2%	33.1%	3.3%	0.5%	116.5K	-2.4M	-14.7K	0.64	83.24	11	7	715	249
2021-05-25	$133.62	$135.00	32.2%	9.2%	51.1%	17.2%	0.0%	5.2%	2.0%	113.3K	-2.3M	-14.5K	4.00	82.86	1	4	726	256
2021-05-26	$134.97	$135.00	32.4%	9.3%	29.1%	17.6%	32.6%	6.1%	-0.3%	124.5K	-2.6M	-14.9K	0.13	80.10	98	13	727	258
2021-05-27	$136.06	$135.00	31.3%	9.0%	29.0%	14.7%	33.2%	4.0%	-1.3%	145.5K	-2.9M	-16.0K	0.05	81.97	127	6	749	265
2021-05-28	$136.15	$135.00	29.7%	8.5%	26.5%	10.5%	34.6%	2.8%	2.3%	165.5K	-3.1M	-17.2K	7.00	84.63	1	7	834	268