MANH Options History — February 2024

In February 2024, MANH traded between $240.91 and $253.06. ATM implied volatility averaged 26.3%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 5.3% (HV 20d: 31.6%). Max pain ranged from $230.00 to $250.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.94.

Notable Days

2024-02-28: Highest Volume — 261 contracts
2024-02-05: Largest IV spike — 10.6% change
2024-02-05: Highest IV Rank — 22.9%
2024-02-12: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$247.82	$240.91	$253.06	$248.16	$253.06
Max Pain	$246.50	$230.00	$250.00	$230.00	$250.00
ATM IV	26.3%	24.6%	28.5%	27.2%	26.0%
Expected Move	7.5%	7.1%	7.9%	7.3%	7.5%
HV 20d	31.6%	21.1%	34.3%	31.5%	21.1%
HV 60d	26.9%	26.2%	27.8%	27.8%	26.9%
IV Rank	18.4%	14.7%	22.9%	20.2%	17.6%
IV Percentile	39.5%	24.6%	52.0%	44.0%	39.7%
Term Structure	-0.0%	-1.2%	2.5%	0.4%	0.1%
VWIV	26.3%	24.8%	28.0%	27.0%	25.8%
Skew 25d	1.3%	0.3%	3.2%	1.9%	0.9%
Skew 10d	2.3%	-4.0%	5.6%	4.3%	-4.0%
Call IV 25d	25.7%	24.0%	27.2%	25.1%	25.0%
Put IV 25d	27.0%	24.7%	28.4%	27.0%	25.9%
Bid-Ask Spread %	84.81	75.89	91.35	75.89	91.35
Gamma HHI	0.29	0.18	0.54	0.24	0.27
Net GEX	470.4K	145.7K	816.3K	549.4K	788.5K
Net DEX	-10.8M	-13.4M	-5.7M	-12.4M	-12.2M
Net VEX	-42.1K	-46.8K	-39.5K	-39.5K	-46.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.94	0.00	3.00	0.61	3.00
Total Volume	82.25	13	261	132	40
Total OI	2,361	1,725	2,831	2,532	2,213

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
2024-02-01	$248.16	$230.00	27.2%	7.3%	31.5%	20.2%	27.0%	1.9%	0.4%	549.4K	-12.4M	-39.5K	0.61	75.89	82	50	1,763	769
2024-02-02	$251.19	$230.00	25.8%	7.3%	29.9%	17.2%	26.5%	3.2%	2.5%	545.3K	-13.4M	-40.8K	2.68	83.61	22	59	1,757	784
2024-02-05	$248.90	$240.00	28.5%	7.7%	30.1%	22.9%	27.0%	0.8%	-0.5%	506.7K	-12.4M	-40.1K	0.79	80.34	42	33	1,756	818
2024-02-06	$247.27	$240.00	27.8%	7.4%	30.7%	21.4%	25.1%	2.1%	-0.1%	486.8K	-11.7M	-40.0K	0.00	79.99	66	0	1,769	841
2024-02-07	$247.06	$240.00	25.2%	7.2%	31.0%	15.9%	25.2%	0.9%	0.1%	509.9K	-12.0M	-41.3K	1.04	82.56	26	27	1,789	841
2024-02-08	$246.72	$250.00	25.5%	7.3%	31.2%	16.6%	25.5%	1.8%	-0.2%	490.8K	-11.5M	-40.9K	1.63	81.37	8	13	1,791	867
2024-02-09	$250.62	$250.00	25.7%	7.4%	31.2%	17.0%	25.8%	0.7%	-0.7%	553.6K	-13.2M	-41.4K	1.17	82.58	6	7	1,792	877
2024-02-12	$244.85	$250.00	27.7%	7.9%	33.1%	21.1%	27.5%	1.4%	-1.0%	478.6K	-10.5M	-39.7K	0.73	83.02	45	33	1,794	876
2024-02-13	$245.26	$250.00	26.9%	7.7%	32.3%	19.5%	27.4%	1.3%	0.4%	512.0K	-10.9M	-40.6K	3.00	82.42	6	18	1,830	885
2024-02-14	$247.72	$250.00	26.8%	7.7%	32.2%	19.3%	28.0%	1.8%	-0.1%	658.7K	-12.1M	-40.4K	0.31	84.47	93	29	1,835	896
2024-02-15	$248.16	$250.00	26.9%	7.7%	32.2%	19.4%	26.9%	2.1%	-1.2%	816.3K	-12.1M	-40.1K	0.10	86.08	235	24	1,843	908
2024-02-16	$244.30	$250.00	26.0%	7.5%	32.8%	17.7%	26.9%	0.9%	0.3%	158.1K	-11.0M	-43.6K	0.35	87.04	17	6	1,937	894
2024-02-20	$242.66	$250.00	27.4%	7.8%	32.9%	20.5%	27.0%	1.1%	-1.1%	145.7K	-6.0M	-42.8K	0.22	87.46	37	8	1,060	665
2024-02-21	$240.91	$250.00	27.6%	7.9%	33.1%	21.0%	27.9%	1.5%	-1.2%	153.3K	-5.7M	-43.2K	0.61	85.68	44	27	1,091	667
2024-02-22	$248.71	$250.00	25.3%	7.2%	34.3%	16.1%	25.2%	0.7%	0.1%	238.7K	-8.1M	-42.8K	0.09	88.49	122	11	1,094	693
2024-02-23	$248.46	$250.00	24.6%	7.1%	33.4%	14.7%	24.8%	0.9%	0.6%	410.8K	-9.3M	-45.6K	0.50	87.99	32	16	1,208	700
2024-02-26	$250.13	$250.00	25.1%	7.2%	33.4%	15.7%	25.5%	0.7%	0.4%	463.2K	-10.1M	-44.2K	1.15	87.81	26	30	1,233	713
2024-02-27	$249.38	$250.00	26.0%	7.5%	32.8%	17.7%	25.5%	0.3%	0.0%	437.8K	-9.7M	-44.7K	0.69	88.70	26	18	1,235	739
2024-02-28	$252.82	$250.00	25.1%	7.2%	32.8%	15.7%	25.0%	0.7%	0.4%	503.2K	-11.2M	-43.8K	0.10	89.31	238	23	1,246	751
2024-02-29	$253.06	$250.00	26.0%	7.5%	21.1%	17.6%	25.8%	0.9%	0.1%	788.5K	-12.2M	-46.8K	3.00	91.35	10	30	1,455	758