MANH Options History — February 2023

In February 2023, MANH traded between $136.80 and $149.33. ATM implied volatility averaged 36.2%, placing in the 4.5% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 1.4% (HV 20d: 37.6%). Max pain ranged from $125.00 to $140.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.84.

Notable Days

2023-02-06: Highest Volume — 619 contracts
2023-02-03: Largest IV drop — 27.4% change
2023-02-01: Highest IV Rank — 17.4%
2023-02-01: Largest Expected Move — 15.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$144.24	$136.80	$149.33	$136.80	$144.51
Max Pain	$132.11	$125.00	$140.00	$125.00	$135.00
ATM IV	36.2%	29.7%	53.9%	53.9%	32.6%
Expected Move	9.8%	8.5%	15.5%	15.5%	9.3%
HV 20d	37.6%	31.3%	38.9%	32.0%	38.7%
HV 60d	36.1%	32.6%	42.1%	38.8%	32.6%
IV Rank	4.5%	0.0%	17.4%	17.4%	2.1%
IV Percentile	19.7%	0.0%	96.0%	96.0%	3.6%
Term Structure	-0.6%	-13.0%	2.3%	-13.0%	0.2%
VWIV	34.3%	29.7%	51.3%	51.3%	32.4%
Skew 25d	4.5%	0.0%	9.2%	6.2%	6.8%
Skew 10d	7.8%	-3.6%	28.3%	28.3%	2.7%
Call IV 25d	31.6%	27.0%	49.9%	49.9%	33.6%
Put IV 25d	36.1%	31.3%	56.0%	56.0%	40.4%
Bid-Ask Spread %	93.79	87.72	100.21	91.66	94.52
Gamma HHI	0.21	0.14	0.31	0.26	0.23
Net GEX	89.5K	57.0K	221.9K	104.5K	89.3K
Net DEX	-3.5M	-5.1M	-2.7M	-2.8M	-3.0M
Net VEX	-10.6K	-12.1K	-8.9K	-9.0K	-10.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.00	4.17	0.30	0.00
Total Volume	74.947	0	619	52	8
Total OI	1,263.053	682	1,695	1,359	689

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
2023-02-01	$136.80	$125.00	53.9%	15.5%	32.0%	17.4%	51.3%	6.2%	-13.0%	104.5K	-2.8M	-9.0K	0.30	91.66	40	12	898	461
2023-02-02	$137.91	$125.00	53.6%	11.3%	31.3%	17.1%	39.1%	4.9%	-4.1%	124.9K	-3.1M	-9.5K	2.89	87.72	100	289	926	474
2023-02-03	$149.33	$125.00	38.9%	8.7%	36.0%	6.4%	31.7%	1.9%	-0.4%	221.9K	-5.1M	-9.7K	0.42	92.39	151	64	968	693
2023-02-06	$145.07	$125.00	40.9%	9.4%	38.1%	7.8%	29.7%	4.9%	2.1%	75.2K	-3.7M	-8.9K	0.04	93.08	596	23	940	755
2023-02-07	$146.24	$125.00	39.0%	9.7%	38.1%	6.5%	29.7%	1.6%	-0.8%	72.8K	-3.7M	-11.6K	0.07	93.51	28	2	718	772
2023-02-08	$144.89	$125.00	35.5%	10.2%	37.9%	3.9%	35.5%	0.0%	-0.9%	92.8K	-3.6M	-12.1K	1.00	94.18	2	2	729	774
2023-02-09	$143.90	$125.00	34.3%	9.8%	38.2%	3.0%	32.5%	3.7%	0.6%	66.3K	-3.6M	-11.5K	4.17	94.47	6	25	731	776
2023-02-10	$143.09	$135.00	34.9%	10.0%	38.6%	3.5%	33.2%	1.3%	-0.3%	57.0K	-3.4M	-11.7K	0.67	89.96	9	6	729	789
2023-02-13	$145.06	$140.00	36.1%	10.4%	38.6%	4.3%	35.2%	5.2%	-0.6%	71.0K	-3.7M	-11.7K	0.00	92.60	24	0	738	794
2023-02-14	$146.04	$140.00	32.7%	9.4%	38.6%	1.8%	0.0%	6.9%	1.7%	68.5K	-4.1M	-11.2K	0.00	93.53	12	0	747	803
2023-02-15	$148.12	$140.00	31.0%	8.9%	38.0%	0.6%	31.3%	7.7%	2.0%	74.6K	-4.5M	-11.3K	1.00	95.13	5	5	755	803
2023-02-16	$145.82	$135.00	31.7%	9.1%	38.1%	1.1%	32.5%	3.4%	2.3%	67.1K	-4.2M	-11.0K	0.00	92.11	3	0	753	798
2023-02-17	$144.87	$135.00	29.7%	8.5%	38.5%	0.0%	0.0%	4.3%	2.2%	84.3K	-4.1M	-10.7K	0.00	97.65	5	0	756	798
2023-02-21	$143.88	$135.00	32.5%	9.3%	38.7%	2.0%	35.0%	5.9%	0.8%	83.7K	-2.9M	-10.4K	2.00	94.79	1	2	399	283
2023-02-22	$142.61	$135.00	31.1%	8.9%	38.6%	1.0%	31.7%	5.5%	2.1%	84.7K	-2.7M	-10.8K	0.00	97.42	0	1	400	285
2023-02-23	$144.89	$135.00	33.3%	9.5%	38.6%	2.6%	32.4%	0.9%	-3.1%	87.3K	-3.0M	-10.2K	0.00	90.48	3	0	400	286
2023-02-24	$143.51	$135.00	31.6%	9.0%	38.9%	1.3%	0.0%	5.1%	0.9%	88.0K	-2.8M	-10.1K	0.00	100.21	0	0	403	286
2023-02-27	$144.11	$135.00	35.0%	10.0%	38.8%	3.9%	0.0%	9.2%	-2.8%	87.5K	-2.9M	-10.1K	0.00	96.66	0	0	403	286
2023-02-28	$144.51	$135.00	32.6%	9.3%	38.7%	2.1%	0.0%	6.8%	0.2%	89.3K	-3.0M	-10.1K	0.00	94.52	0	8	403	286