MANH Options History — May 2023

In May 2023, MANH traded between $166.57 and $180.92. ATM implied volatility averaged 27.6%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 5.9% (HV 20d: 33.6%). Max pain ranged from $155.00 to $175.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2023-05-05: Highest Volume — 201 contracts
  • 2023-05-25: Largest IV spike — 23.5% change
  • 2023-05-31: Highest IV Rank — 8.3%
  • 2023-05-31: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$172.90$166.57$180.92$169.83$180.92
Max Pain$169.77$155.00$175.00$155.00$175.00
ATM IV27.6%22.8%32.9%26.7%32.9%
Expected Move7.9%6.5%9.4%7.7%9.4%
HV 20d33.6%18.0%38.1%37.2%18.0%
HV 60d27.8%27.1%32.1%32.1%27.9%
IV Rank4.7%1.4%8.3%4.1%8.3%
IV Percentile4.3%0.4%19.8%1.6%19.8%
Term Structure-0.2%-4.2%2.9%0.8%-4.2%
VWIV26.6%20.2%30.2%30.2%28.2%
Skew 25d3.8%-0.4%7.2%4.6%0.6%
Skew 10d7.5%-7.1%21.3%12.7%14.3%
Call IV 25d26.1%20.3%31.2%26.9%29.9%
Put IV 25d29.9%25.0%35.7%31.5%30.5%
Bid-Ask Spread %93.6185.3999.1995.3298.46
Gamma HHI0.240.200.280.250.24
Net GEX259.2K204.0K308.8K204.0K287.2K
Net DEX-5.3M-7.3M-3.9M-4.6M-6.7M
Net VEX-15.0K-17.5K-14.0K-14.4K-17.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.004.334.331.88
Total Volume27.31802011623
Total OI1,021.6828711,228929957

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$169.83$155.0026.7%7.7%37.2%4.1%30.2%4.6%0.8%204.0K-4.6M-14.4K4.3395.32313592337
2023-05-02$166.57$155.0029.1%8.4%38.1%5.7%29.2%5.9%-1.3%206.2K-3.9M-14.3K0.1495.5071595335
2023-05-03$168.24$155.0028.4%8.2%37.8%5.3%0.0%5.9%-0.8%208.7K-4.4M-14.0K0.0090.6600599335
2023-05-04$168.69$170.0027.7%7.6%37.2%4.8%0.0%6.2%0.4%222.6K-4.4M-14.0K0.0092.2601599335
2023-05-05$169.72$170.0027.8%8.0%37.2%4.8%27.5%6.9%-0.7%210.9K-4.6M-14.2K0.0185.521992599335
2023-05-08$169.30$170.0029.9%8.2%37.2%6.2%0.0%6.5%-1.9%264.9K-5.0M-15.1K0.0087.3500766337
2023-05-09$168.49$170.0028.6%8.4%36.7%5.4%0.0%5.5%-0.5%280.9K-4.7M-14.3K0.0090.9000766337
2023-05-10$171.26$170.0028.6%8.2%36.9%5.4%0.0%7.2%0.0%281.9K-5.4M-14.4K0.0092.33012766337
2023-05-11$170.46$170.0028.1%8.1%36.8%5.0%0.0%4.9%-0.5%281.0K-5.1M-14.4K0.0085.39016766349
2023-05-12$172.40$170.0026.2%7.5%36.9%3.7%26.8%1.7%2.9%248.1K-5.6M-14.7K2.7194.71719776365
2023-05-15$172.29$170.0027.2%7.8%36.9%4.4%26.3%2.5%-0.2%252.7K-5.6M-14.8K0.8392.8665778382
2023-05-16$170.85$170.0025.7%7.4%37.2%3.4%25.5%2.9%1.0%257.5K-5.2M-14.6K0.0096.1280783384
2023-05-17$171.95$170.0026.7%7.6%37.2%4.0%26.8%-0.4%-1.5%276.9K-5.6M-15.5K0.0496.74512811384
2023-05-18$175.81$170.0026.5%7.6%37.3%3.9%26.1%5.8%-0.3%268.7K-6.8M-15.1K0.3693.694717803386
2023-05-19$177.13$175.0022.8%6.5%37.1%1.4%20.2%4.7%2.8%308.8K-7.3M-15.4K0.0099.19110829399
2023-05-22$177.78$175.0024.8%7.1%35.9%2.8%25.4%2.6%0.3%285.6K-5.4M-15.7K0.3793.44197611260
2023-05-23$172.36$175.0026.1%7.5%37.4%3.7%24.7%0.9%2.2%257.1K-4.2M-15.4K0.2092.5751615267
2023-05-24$174.93$175.0024.9%7.1%23.9%2.9%0.0%1.5%2.0%278.0K-4.7M-15.4K0.0096.2200615271
2023-05-25$176.37$175.0030.8%8.8%23.7%6.9%0.0%-0.0%-2.3%265.2K-5.2M-15.1K0.0096.3910615267
2023-05-26$179.00$175.0030.8%8.8%22.2%6.9%29.1%4.2%-2.8%258.6K-5.7M-15.3K0.4294.667732616267
2023-05-30$179.53$175.0027.6%7.9%19.8%4.7%27.1%3.8%1.3%297.0K-6.3M-17.5K3.5099.1527677274
2023-05-31$180.92$175.0032.9%9.4%18.0%8.3%28.2%0.6%-4.2%287.2K-6.7M-17.1K1.8898.46815679278