MANH Options History — September 2023

In September 2023, MANH traded between $193.12 and $203.55. ATM implied volatility averaged 24.3%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 0.3% (HV 20d: 24.6%). Max pain ranged from $190.00 to $195.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 2.08.

Notable Days

  • 2023-09-15: Highest Volume — 283 contracts
  • 2023-09-12: Largest IV spike — 38.2% change
  • 2023-09-27: Highest IV Rank — 24.4%
  • 2023-09-27: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$199.01$193.12$203.55$201.16$197.66
Max Pain$190.50$190.00$195.00$190.00$190.00
ATM IV24.3%17.6%32.7%18.7%26.4%
Expected Move7.0%5.4%8.4%5.4%7.6%
HV 20d24.6%22.1%28.1%24.7%24.8%
HV 60d25.0%23.8%26.6%24.3%25.6%
IV Rank10.1%0.0%24.4%0.0%18.5%
IV Percentile15.6%0.0%42.1%0.0%26.6%
Term Structure6.4%2.5%10.6%3.5%6.1%
VWIV24.8%18.8%30.7%18.8%26.8%
Skew 25d2.8%0.5%6.0%1.0%2.4%
Skew 10d6.5%1.8%11.4%3.0%4.8%
Call IV 25d23.3%18.5%28.2%18.5%26.5%
Put IV 25d26.0%19.5%31.2%19.5%28.9%
Bid-Ask Spread %83.0779.5689.3189.3179.56
Gamma HHI0.170.150.200.170.17
Net GEX438.3K329.5K549.0K460.2K467.7K
Net DEX-8.0M-11.1M-4.9M-9.1M-7.6M
Net VEX-48.3K-51.0K-44.8K-48.9K-50.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.080.038.678.670.17
Total Volume65.162832955
Total OI2,182.151,9512,4051,9512,405

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$201.16$190.0018.7%5.4%24.7%0.0%18.8%1.0%3.5%460.2K-9.1M-48.9K8.6789.313261,454497
2023-09-05$200.65$190.0021.8%6.9%24.4%2.1%25.6%6.0%2.5%418.0K-8.5M-47.5K5.0080.86151,457522
2023-09-06$200.10$190.0020.3%6.7%23.5%1.1%26.1%3.1%4.5%422.8K-8.6M-47.3K6.0081.572121,458522
2023-09-07$200.13$190.0022.6%6.8%23.4%2.6%24.4%1.9%3.7%408.6K-8.5M-47.4K1.3879.9116221,458533
2023-09-08$200.30$190.0017.6%7.1%23.4%0.0%23.2%5.4%3.5%385.6K-8.6M-48.3K0.2081.72128251,459555
2023-09-11$203.55$190.0023.7%6.5%22.1%4.1%21.9%2.6%5.3%522.4K-10.5M-48.2K0.0587.224121,534584
2023-09-12$199.61$190.0032.7%6.7%23.5%10.1%23.1%4.1%3.6%454.4K-8.3M-47.4K3.8882.518311,531585
2023-09-13$199.25$190.0022.7%6.5%23.4%3.4%22.9%3.8%4.6%369.2K-7.6M-44.8K0.0382.1011541,528600
2023-09-14$202.80$190.0021.6%6.2%23.9%2.7%21.6%2.1%9.0%526.3K-11.1M-48.5K1.8483.4325461,611601
2023-09-15$197.57$190.0021.8%6.3%23.4%2.8%24.9%2.7%8.8%502.5K-7.9M-47.6K2.9981.63712121,624601
2023-09-18$201.41$190.0022.9%6.6%24.0%3.5%23.8%0.5%8.5%508.2K-9.5M-49.3K0.5786.8123131,489683
2023-09-19$202.56$190.0023.4%6.7%24.0%12.2%24.9%3.2%8.8%507.9K-10.0M-49.9K1.2984.7628361,488684
2023-09-20$203.37$195.0023.2%6.6%23.6%11.6%22.7%1.6%7.6%549.0K-10.6M-47.9K0.1688.543861,480711
2023-09-21$194.42$195.0025.5%7.3%28.1%16.5%24.8%2.7%10.6%329.5K-5.1M-47.7K0.3184.75106331,509717
2023-09-22$194.65$190.0026.0%7.5%27.2%17.6%25.7%2.4%7.9%363.3K-5.2M-47.9K6.6783.063201,584710
2023-09-25$195.99$190.0027.8%8.0%27.0%21.4%27.2%1.1%7.4%390.8K-6.1M-46.8K0.1581.625581,586727
2023-09-26$193.12$190.0029.1%8.3%27.5%24.1%29.1%3.0%7.5%346.1K-4.9M-50.3K0.7180.7421151,640732
2023-09-27$194.69$190.0029.2%8.4%25.0%24.4%30.7%2.5%7.5%371.2K-5.5M-49.0K1.4781.0915221,643737
2023-09-28$197.16$190.0028.6%8.2%24.8%23.1%27.9%3.5%7.2%461.7K-7.4M-51.0K0.1180.19911,657747
2023-09-29$197.66$190.0026.4%7.6%24.8%18.5%26.8%2.4%6.1%467.7K-7.6M-50.2K0.1779.564781,659746