MANH Options History — July 2023

In July 2023, MANH traded between $186.77 and $207.30. ATM implied volatility averaged 31.5%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 8.4% (HV 20d: 23.1%). Max pain ranged from $155.00 to $195.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 2.11.

Notable Days

2023-07-25: Highest Volume — 590 contracts
2023-07-12: Largest IV spike — 40.8% change
2023-07-24: Highest IV Rank — 14.5%
2023-07-24: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$196.18	$186.77	$207.30	$196.38	$189.75
Max Pain	$191.00	$155.00	$195.00	$155.00	$195.00
ATM IV	31.5%	20.7%	41.8%	24.8%	28.0%
Expected Move	9.7%	6.9%	12.0%	7.1%	8.0%
HV 20d	23.1%	19.2%	29.9%	20.1%	27.7%
HV 60d	25.2%	22.0%	28.2%	26.2%	22.1%
IV Rank	7.4%	0.0%	14.5%	2.8%	5.0%
IV Percentile	32.5%	0.0%	75.8%	4.8%	16.3%
Term Structure	-5.1%	-12.6%	7.7%	7.6%	-1.9%
VWIV	33.1%	24.8%	40.5%	26.1%	27.3%
Skew 25d	5.0%	1.5%	7.6%	5.3%	6.5%
Skew 10d	6.8%	-4.4%	19.9%	2.7%	6.8%
Call IV 25d	30.9%	21.1%	40.2%	23.3%	26.4%
Put IV 25d	35.9%	23.8%	44.1%	28.6%	32.9%
Bid-Ask Spread %	85.34	73.15	101.02	99.92	87.44
Gamma HHI	0.18	0.12	0.22	0.21	0.12
Net GEX	316.6K	166.0K	425.3K	382.3K	267.9K
Net DEX	-10.6M	-16.8M	-2.1M	-12.6M	-4.2M
Net VEX	-36.3K	-45.7K	-33.6K	-35.1K	-45.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.11	0.04	9.00	1.40	0.44
Total Volume	91.75	12	590	12	161
Total OI	1,642.3	1,265	2,276	1,410	2,276

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
2023-07-03	$196.38	$155.00	24.8%	7.1%	20.1%	2.8%	26.1%	5.3%	7.6%	382.3K	-12.6M	-35.1K	1.40	99.92	5	7	1,108	302
2023-07-05	$194.84	$155.00	24.2%	6.9%	20.3%	2.4%	25.1%	4.8%	7.7%	415.2K	-12.2M	-34.2K	4.82	101.02	11	53	1,112	308
2023-07-06	$193.12	$195.00	26.3%	8.7%	20.7%	3.8%	31.4%	4.3%	-1.7%	414.8K	-11.3M	-35.5K	2.86	86.71	7	20	1,122	342
2023-07-07	$192.80	$195.00	20.7%	9.7%	20.3%	0.0%	32.8%	4.0%	-5.8%	425.3K	-11.5M	-34.4K	1.00	83.21	10	10	1,125	335
2023-07-10	$194.70	$195.00	23.0%	11.0%	20.0%	1.6%	37.3%	7.6%	-9.8%	415.9K	-12.2M	-34.4K	0.30	81.16	33	10	1,135	345
2023-07-11	$197.41	$195.00	25.0%	10.3%	20.3%	2.9%	35.3%	7.0%	-6.9%	397.0K	-13.2M	-34.2K	0.29	82.72	21	6	1,141	355
2023-07-12	$199.49	$195.00	35.2%	10.1%	19.3%	9.9%	35.5%	4.4%	-7.5%	408.4K	-14.2M	-33.6K	0.79	80.53	29	23	1,149	356
2023-07-13	$199.76	$195.00	34.2%	9.8%	19.3%	9.2%	34.0%	5.7%	-5.5%	412.1K	-14.4M	-34.4K	2.64	81.97	11	29	1,172	377
2023-07-14	$200.99	$195.00	36.2%	10.4%	19.2%	10.6%	38.9%	4.6%	-6.3%	398.7K	-14.6M	-34.6K	9.00	84.41	8	72	1,175	397
2023-07-17	$204.66	$195.00	38.0%	10.9%	20.0%	11.8%	37.3%	5.3%	-9.2%	314.9K	-16.0M	-34.4K	1.23	84.32	52	64	1,182	467
2023-07-18	$205.30	$195.00	36.8%	10.6%	19.5%	11.0%	38.5%	5.8%	-10.4%	291.1K	-16.1M	-35.7K	2.10	85.68	10	21	1,215	521
2023-07-19	$207.30	$195.00	39.7%	11.4%	19.5%	13.0%	0.0%	4.9%	-12.6%	260.6K	-16.8M	-36.1K	7.40	85.37	5	37	1,221	539
2023-07-20	$204.43	$195.00	38.5%	11.0%	20.3%	12.2%	39.4%	2.6%	-5.2%	290.7K	-15.7M	-36.8K	0.46	86.05	69	32	1,224	562
2023-07-21	$193.50	$195.00	41.0%	11.8%	29.1%	13.9%	39.1%	7.0%	-7.9%	327.7K	-10.6M	-37.9K	0.35	86.22	78	27	1,281	587
2023-07-24	$192.41	$195.00	41.8%	12.0%	28.6%	14.5%	40.5%	6.4%	-8.8%	184.5K	-4.3M	-37.0K	0.65	73.99	55	36	899	366
2023-07-25	$194.14	$195.00	39.9%	11.4%	28.6%	13.2%	33.0%	3.0%	-10.2%	206.2K	-5.1M	-38.3K	4.62	73.15	105	485	950	382
2023-07-26	$188.48	$195.00	25.9%	7.4%	29.9%	3.6%	25.9%	1.5%	-4.5%	167.7K	-2.4M	-37.0K	0.80	85.50	64	51	1,031	863
2023-07-27	$187.41	$195.00	25.7%	7.4%	29.9%	3.4%	26.4%	4.6%	-0.2%	185.9K	-2.5M	-38.3K	1.06	88.49	34	36	1,079	866
2023-07-28	$186.77	$195.00	25.3%	7.3%	29.1%	3.2%	24.8%	5.1%	-2.3%	166.0K	-2.1M	-38.7K	0.04	88.93	46	2	1,098	881
2023-07-31	$189.75	$195.00	28.0%	8.0%	27.7%	5.0%	27.3%	6.5%	-1.9%	267.9K	-4.2M	-45.7K	0.44	87.44	112	49	1,393	883