MANH Options History — December 2023

In December 2023, MANH traded between $213.39 and $227.98. ATM implied volatility averaged 25.4%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 5.2% (HV 20d: 20.2%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 3.43.

Notable Days

2023-12-22: Highest Volume — 406 contracts
2023-12-11: Largest IV spike — 30.6% change
2023-12-11: Highest IV Rank — 30.7%
2023-12-06: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$220.81	$213.39	$227.98	$227.89	$215.45
Max Pain	$217.50	$200.00	$220.00	$200.00	$220.00
ATM IV	25.4%	22.3%	32.2%	24.3%	22.3%
Expected Move	7.0%	6.4%	7.6%	7.0%	6.4%
HV 20d	20.2%	13.0%	26.0%	26.0%	21.2%
HV 60d	28.3%	27.5%	29.3%	29.3%	27.6%
IV Rank	16.4%	9.8%	30.7%	14.2%	9.8%
IV Percentile	24.6%	6.7%	59.5%	18.3%	6.7%
Term Structure	7.5%	1.0%	12.4%	1.0%	12.4%
VWIV	24.9%	22.1%	28.1%	25.4%	23.9%
Skew 25d	3.0%	-0.9%	7.2%	2.1%	1.3%
Skew 10d	6.6%	3.0%	10.8%	6.8%	6.6%
Call IV 25d	23.8%	21.8%	25.5%	23.6%	22.9%
Put IV 25d	26.8%	24.2%	30.2%	25.7%	24.2%
Bid-Ask Spread %	86.54	78.29	92.84	92.53	88.45
Gamma HHI	0.21	0.19	0.25	0.21	0.25
Net GEX	532.8K	119.4K	891.1K	891.1K	119.4K
Net DEX	-9.0M	-18.0M	-1.7M	-17.8M	-1.7M
Net VEX	-57.3K	-61.5K	-52.7K	-58.3K	-52.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.43	0.00	54.50	0.00	2.00
Total Volume	118.15	5	406	5	12
Total OI	3,070.1	2,706	3,489	2,712	3,489

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
2023-12-01	$227.89	$200.00	24.3%	7.0%	26.0%	14.2%	25.4%	2.1%	1.0%	891.1K	-17.8M	-58.3K	0.00	92.53	5	0	1,867	845
2023-12-04	$227.98	$210.00	27.0%	7.4%	22.7%	19.8%	28.1%	2.4%	4.7%	889.0K	-18.0M	-58.3K	0.86	80.50	7	6	1,861	845
2023-12-05	$226.11	$210.00	29.4%	7.5%	22.9%	24.7%	26.4%	3.5%	4.0%	869.7K	-16.1M	-57.1K	3.33	81.27	3	10	1,859	847
2023-12-06	$224.09	$210.00	28.1%	7.6%	22.6%	22.0%	26.1%	4.9%	4.5%	890.9K	-14.9M	-56.2K	54.50	78.29	2	109	1,861	856
2023-12-07	$221.71	$220.00	26.8%	7.2%	23.1%	19.2%	24.8%	2.9%	5.7%	719.3K	-11.5M	-58.3K	0.05	84.95	21	1	1,861	1,010
2023-12-08	$221.78	$220.00	24.7%	6.4%	20.7%	14.9%	23.2%	3.1%	7.8%	754.0K	-11.8M	-56.1K	0.72	83.56	25	18	1,855	1,010
2023-12-11	$222.34	$220.00	32.2%	6.9%	17.4%	30.7%	23.4%	2.1%	6.7%	770.1K	-12.3M	-56.1K	0.06	88.96	127	7	1,870	1,020
2023-12-12	$224.23	$220.00	29.3%	7.2%	17.5%	24.6%	24.2%	2.6%	4.8%	834.2K	-14.3M	-57.6K	0.26	81.86	273	70	1,973	1,027
2023-12-13	$222.85	$220.00	24.0%	6.9%	13.0%	13.4%	22.1%	-0.9%	8.4%	866.5K	-13.0M	-61.5K	0.92	85.07	24	22	2,241	1,092
2023-12-14	$216.18	$220.00	23.7%	6.8%	16.9%	12.9%	24.3%	2.9%	10.3%	623.1K	-6.2M	-58.0K	0.95	86.80	19	18	2,256	1,112
2023-12-15	$213.39	$220.00	25.7%	7.4%	17.2%	16.9%	25.9%	1.0%	8.0%	239.0K	-3.7M	-54.8K	0.98	84.48	93	91	2,259	1,115
2023-12-18	$217.96	$220.00	24.1%	6.9%	19.0%	13.5%	23.7%	1.5%	8.0%	260.5K	-4.4M	-56.4K	1.67	87.78	18	30	1,856	953
2023-12-19	$221.83	$220.00	23.8%	6.8%	19.8%	13.1%	23.9%	2.6%	8.6%	369.4K	-7.2M	-59.5K	0.10	88.62	134	14	1,861	968
2023-12-20	$218.72	$220.00	24.0%	6.9%	20.4%	13.4%	24.1%	2.1%	7.5%	240.0K	-4.4M	-56.6K	0.44	87.14	160	71	1,936	977
2023-12-21	$219.58	$220.00	24.5%	7.0%	20.3%	14.4%	26.7%	3.0%	7.8%	309.5K	-5.2M	-60.3K	0.06	87.43	366	22	2,040	1,033
2023-12-22	$221.00	$220.00	23.7%	6.8%	20.3%	12.7%	26.8%	5.9%	9.4%	347.9K	-6.0M	-60.5K	0.03	90.50	396	10	2,399	1,041
2023-12-26	$220.13	$220.00	23.9%	6.9%	20.2%	13.3%	27.8%	7.2%	10.0%	302.8K	-5.8M	-57.9K	0.55	90.97	20	11	2,366	1,043
2023-12-27	$216.16	$220.00	23.5%	6.7%	21.1%	12.4%	23.0%	6.4%	9.2%	166.8K	-2.3M	-54.7K	0.10	92.84	73	7	2,372	1,051
2023-12-28	$216.80	$220.00	23.2%	6.7%	21.2%	11.8%	24.2%	4.1%	10.0%	192.6K	-3.2M	-55.0K	1.13	88.70	32	36	2,419	1,056
2023-12-29	$215.45	$220.00	22.3%	6.4%	21.2%	9.8%	23.9%	1.3%	12.4%	119.4K	-1.7M	-52.7K	2.00	88.45	4	8	2,420	1,069