MANH Options History — January 2023

In January 2023, MANH traded between $114.84 and $129.25. ATM implied volatility averaged 45.2%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 15.9% (HV 20d: 29.3%). Max pain ranged from $115.00 to $130.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 3.85.

Notable Days

2023-01-30: Highest Volume — 473 contracts
2023-01-11: Largest IV spike — 23.8% change
2023-01-31: Highest IV Rank — 17.0%
2023-01-31: Largest Expected Move — 15.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$122.32	$114.84	$129.25	$120.81	$129.25
Max Pain	$125.75	$115.00	$130.00	$125.00	$125.00
ATM IV	45.2%	30.2%	53.5%	38.8%	53.5%
Expected Move	13.6%	10.8%	15.3%	11.1%	15.3%
HV 20d	29.3%	25.9%	32.2%	31.6%	25.9%
HV 60d	45.0%	37.5%	48.9%	48.6%	37.5%
IV Rank	10.9%	0.0%	17.0%	6.4%	17.0%
IV Percentile	61.5%	0.0%	94.8%	30.2%	94.8%
Term Structure	-6.5%	-12.9%	14.1%	5.0%	-12.9%
VWIV	48.7%	45.4%	51.6%	45.4%	51.6%
Skew 25d	5.3%	-1.0%	11.0%	8.7%	6.0%
Skew 10d	17.3%	2.7%	33.1%	21.5%	24.8%
Call IV 25d	46.0%	32.9%	54.0%	32.9%	54.0%
Put IV 25d	51.4%	35.7%	60.0%	41.5%	60.0%
Bid-Ask Spread %	87.71	79.79	98.38	97.68	87.92
Gamma HHI	0.35	0.21	0.46	0.30	0.35
Net GEX	-69.1K	-413.6K	76.7K	-186.9K	76.7K
Net DEX	-398.9K	-1.8M	2.6M	458.5K	-1.8M
Net VEX	-9.5K	-15.3K	-7.0K	-14.2K	-8.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.85	0.00	19.80	0.33	6.85
Total Volume	51.15	0	473	2	102
Total OI	2,098.25	567	2,909	2,805	1,255

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
2023-01-03	$120.81	$125.00	38.8%	11.1%	31.6%	6.4%	45.4%	8.7%	5.0%	-186.9K	458.5K	-14.2K	0.00	97.68	0	2	609	2,196
2023-01-04	$119.43	$125.00	37.5%	10.8%	28.0%	5.1%	0.0%	-1.0%	14.1%	-244.5K	977.7K	-14.7K	0.00	98.38	0	0	609	2,197
2023-01-05	$114.84	$130.00	39.4%	13.4%	29.5%	6.4%	0.0%	3.9%	-6.0%	-413.6K	2.6M	-15.3K	0.33	82.23	3	1	609	2,197
2023-01-06	$118.66	$130.00	30.2%	13.1%	31.9%	0.0%	0.0%	5.1%	-5.2%	-269.3K	499.7K	-10.4K	0.00	83.18	0	0	610	2,197
2023-01-09	$119.42	$130.00	32.9%	13.7%	31.2%	1.9%	0.0%	7.5%	-7.1%	-181.2K	356.2K	-10.5K	0.00	79.79	1	0	610	2,197
2023-01-10	$117.94	$130.00	38.6%	13.3%	31.5%	6.1%	50.0%	1.7%	-6.2%	-264.5K	1.0M	-11.5K	19.00	86.11	1	19	610	2,197
2023-01-11	$120.16	$130.00	47.7%	13.7%	32.2%	12.8%	0.0%	4.0%	-7.1%	-166.6K	158.2K	-9.7K	0.00	83.17	0	5	611	2,189
2023-01-12	$121.16	$130.00	48.4%	13.9%	30.0%	13.3%	50.9%	2.3%	-7.4%	-63.6K	-331.7K	-8.6K	1.50	82.90	8	12	611	2,194
2023-01-13	$122.34	$130.00	48.5%	13.9%	30.3%	13.4%	0.0%	4.4%	-8.0%	-48.7K	-553.2K	-8.1K	0.00	85.63	0	0	603	2,186
2023-01-17	$123.82	$130.00	48.3%	13.9%	29.1%	13.3%	0.0%	6.5%	-9.2%	590	-930.8K	-7.4K	19.80	88.55	5	99	603	2,186
2023-01-18	$122.48	$130.00	50.0%	14.3%	29.2%	14.5%	0.0%	4.5%	-9.1%	-16.9K	-790.6K	-7.5K	0.00	83.01	0	0	605	2,285
2023-01-19	$120.83	$130.00	47.8%	13.7%	29.5%	12.9%	47.8%	6.1%	-6.8%	-58.2K	-428.9K	-7.0K	0.73	87.27	22	16	605	2,285
2023-01-20	$122.67	$115.00	47.3%	13.6%	29.1%	12.5%	47.2%	3.5%	-8.7%	55.9K	-739.7K	-7.6K	0.00	87.36	4	0	617	2,292
2023-01-23	$124.92	$115.00	47.7%	13.7%	29.4%	12.8%	47.3%	11.0%	-11.7%	59.6K	-1.2M	-7.3K	0.47	91.97	40	19	282	285
2023-01-24	$123.63	$120.00	51.0%	14.6%	27.8%	15.2%	0.0%	8.1%	-10.6%	66.5K	-1.3M	-8.2K	0.00	90.56	0	0	321	301
2023-01-25	$123.48	$120.00	48.0%	13.8%	27.8%	13.0%	50.8%	5.5%	-7.5%	65.9K	-1.3M	-8.2K	1.00	88.83	13	13	321	301
2023-01-26	$125.55	$120.00	45.4%	13.0%	28.3%	11.1%	46.3%	9.7%	-6.3%	68.5K	-1.4M	-8.3K	0.16	93.31	116	19	324	314
2023-01-27	$127.53	$125.00	49.3%	14.1%	27.8%	14.0%	47.5%	5.9%	-10.6%	64.9K	-1.6M	-8.5K	0.07	92.41	28	2	434	333
2023-01-30	$127.50	$125.00	53.0%	15.2%	25.9%	16.7%	50.7%	3.5%	-8.2%	72.7K	-1.6M	-8.7K	0.10	84.04	431	42	453	331
2023-01-31	$129.25	$125.00	53.5%	15.3%	25.9%	17.0%	51.6%	6.0%	-12.9%	76.7K	-1.8M	-8.9K	6.85	87.92	13	89	883	372