MANH Options History — February 2022

In February 2022, MANH traded between $125.87 and $134.06. ATM implied volatility averaged 43.9%, placing in the 47.9% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 5.0% (HV 20d: 39.0%). Max pain ranged from $130.00 to $140.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.89.

Notable Days

2022-02-18: Highest Volume — 1,070 contracts
2022-02-02: Largest IV drop — 27.3% change
2022-02-01: Highest IV Rank — 84.7%
2022-02-01: Largest Expected Move — 17.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$129.76	$125.87	$134.06	$133.57	$132.73
Max Pain	$131.32	$130.00	$140.00	$140.00	$130.00
ATM IV	43.9%	37.8%	59.7%	59.7%	47.0%
Expected Move	12.3%	10.8%	17.1%	17.1%	13.5%
HV 20d	39.0%	36.4%	41.9%	37.3%	41.7%
HV 60d	34.2%	32.4%	36.5%	32.4%	36.0%
IV Rank	47.9%	33.6%	84.7%	84.7%	55.2%
IV Percentile	83.1%	62.7%	98.0%	98.0%	92.1%
Term Structure	-1.9%	-14.4%	3.3%	-14.4%	-6.9%
VWIV	44.2%	37.1%	64.1%	64.1%	49.1%
Skew 25d	5.4%	2.6%	12.8%	3.0%	6.5%
Skew 10d	8.1%	-0.3%	16.1%	3.1%	6.5%
Call IV 25d	43.6%	36.9%	61.6%	61.6%	46.7%
Put IV 25d	48.9%	42.0%	64.6%	64.6%	53.2%
Bid-Ask Spread %	73.80	62.78	85.07	65.71	78.98
Gamma HHI	0.17	0.12	0.28	0.23	0.12
Net GEX	77.0K	-27.3K	123.8K	123.8K	114.0K
Net DEX	-1.0M	-2.5M	-108.9K	-1.7M	-2.1M
Net VEX	-15.3K	-25.3K	-8.3K	-13.2K	-24.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.23	1.46	0.88	0.23
Total Volume	763.263	587	1,070	768	764
Total OI	1,445.053	1,071	1,932	1,071	1,467

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
2022-02-01	$133.57	$140.00	59.7%	17.1%	37.3%	84.7%	64.1%	3.0%	-14.4%	123.8K	-1.7M	-13.2K	0.88	65.71	409	359	794	277
2022-02-02	$127.90	$135.00	43.4%	12.4%	39.1%	46.7%	53.8%	7.0%	-3.9%	98.5K	-878.2K	-11.1K	0.69	85.07	475	327	863	473
2022-02-03	$127.01	$130.00	50.8%	12.1%	36.4%	63.9%	42.9%	5.8%	-0.7%	61.3K	-480.8K	-9.6K	0.83	72.56	395	328	808	480
2022-02-04	$129.49	$130.00	39.4%	10.9%	37.4%	37.3%	39.1%	4.2%	0.7%	90.6K	-876.5K	-10.6K	1.28	72.77	257	330	807	481
2022-02-07	$125.87	$130.00	43.8%	11.3%	38.3%	47.7%	42.2%	4.4%	-0.4%	31.6K	-152.2K	-8.3K	1.46	70.36	246	360	803	485
2022-02-08	$127.05	$130.00	47.4%	11.8%	38.5%	56.1%	40.7%	5.6%	-1.0%	38.2K	-222.5K	-9.4K	1.41	70.93	257	363	814	524
2022-02-09	$132.86	$130.00	37.8%	10.8%	41.1%	33.6%	37.1%	5.1%	-0.4%	109.1K	-1.2M	-10.6K	1.38	70.46	262	361	829	529
2022-02-10	$128.82	$135.00	39.9%	11.4%	41.8%	38.4%	41.5%	5.1%	0.2%	59.8K	-595.0K	-9.7K	1.34	75.58	267	359	838	529
2022-02-11	$130.11	$135.00	43.1%	12.4%	39.4%	46.1%	42.9%	4.9%	-1.6%	73.3K	-680.3K	-9.7K	1.45	75.04	267	388	846	526
2022-02-14	$129.18	$130.00	40.3%	11.6%	39.2%	39.4%	41.2%	12.8%	3.3%	49.4K	-407.7K	-9.5K	1.22	71.53	371	454	846	563
2022-02-15	$131.47	$130.00	41.3%	11.8%	37.7%	41.8%	41.3%	5.5%	-1.1%	76.9K	-914.0K	-15.4K	1.04	75.62	435	453	1,024	671
2022-02-16	$131.71	$130.00	41.0%	11.7%	37.6%	41.0%	40.9%	2.6%	-1.1%	106.0K	-1.6M	-18.9K	1.03	75.25	435	446	1,157	666
2022-02-17	$129.19	$130.00	38.7%	11.1%	37.9%	35.8%	39.5%	3.3%	1.7%	57.1K	-909.9K	-17.6K	0.94	74.23	488	458	1,156	664
2022-02-18	$126.58	$130.00	45.4%	13.0%	38.1%	51.3%	42.3%	4.3%	-2.9%	-27.3K	-108.9K	-17.6K	0.67	78.92	642	428	1,210	722
2022-02-22	$127.99	$130.00	43.4%	12.4%	37.9%	46.6%	44.0%	5.3%	-1.3%	85.0K	-1.2M	-22.6K	0.24	77.55	615	146	1,039	318
2022-02-23	$126.13	$130.00	45.4%	13.0%	37.3%	51.3%	44.9%	5.3%	-2.7%	84.6K	-837.6K	-21.4K	0.26	73.40	613	158	1,063	318
2022-02-24	$134.06	$130.00	45.0%	12.9%	41.9%	50.5%	47.0%	8.0%	-3.2%	117.5K	-2.5M	-25.2K	0.27	75.40	613	163	1,063	364
2022-02-25	$133.74	$130.00	42.0%	12.0%	41.9%	43.5%	44.5%	3.8%	-1.3%	113.2K	-2.4M	-25.3K	0.25	62.78	647	163	1,063	376
2022-02-28	$132.73	$130.00	47.0%	13.5%	41.7%	55.2%	49.1%	6.5%	-6.9%	114.0K	-2.1M	-24.0K	0.23	78.98	621	143	1,091	376