MANH Options History — March 2025

In March 2025, MANH traded between $163.59 and $179.06. ATM implied volatility averaged 40.5%, placing in the 63.0% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 4.2% (HV 20d: 36.3%). Max pain ranged from $185.00 to $195.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 3.24.

Notable Days

  • 2025-03-20: Highest Volume — 934 contracts
  • 2025-03-11: Largest IV drop — 18.1% change
  • 2025-03-10: Highest IV Rank — 100.0%
  • 2025-03-10: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$172.46$163.59$179.06$173.40$173.55
Max Pain$189.21$185.00$195.00$190.00$185.00
ATM IV40.5%34.6%52.8%44.6%40.2%
Expected Move13.2%11.8%15.2%12.8%14.8%
HV 20d36.3%27.2%50.6%50.6%31.3%
HV 60d68.2%67.5%69.0%69.0%68.3%
IV Rank63.0%44.6%100.0%77.2%61.4%
IV Percentile84.0%68.3%100.0%97.2%83.7%
Term Structure5.4%-4.1%14.9%-4.1%11.3%
VWIV46.0%40.4%50.8%44.1%50.6%
Skew 25d3.8%2.6%6.2%3.4%2.6%
Skew 10d7.7%2.9%15.8%15.8%8.6%
Call IV 25d38.6%34.0%42.8%42.8%39.8%
Put IV 25d42.4%36.9%47.5%46.2%42.4%
Bid-Ask Spread %62.5637.4479.9173.4243.81
Gamma HHI0.150.100.520.100.11
Net GEX-492.2K-1.6M-196.1K-329.9K-263.5K
Net DEX14.9M5.7M21.8M15.1M10.4M
Net VEX-94.7K-107.6K-85.3K-107.6K-86.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.240.1541.450.450.21
Total Volume163.4293293412351
Total OI6,625.5244,9387,4877,0005,269

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$173.40$190.0044.6%12.8%50.6%77.2%44.1%3.4%-4.1%-329.9K15.1M-107.6K0.4573.4285384,5192,481
2025-03-04$172.37$190.0042.7%12.2%49.5%71.2%42.6%2.8%-0.4%-368.4K16.4M-104.2K0.2274.1872164,5032,501
2025-03-05$173.16$190.0042.6%12.2%49.5%70.8%44.6%4.0%3.1%-371.3K15.8M-105.4K0.9771.681051024,4942,490
2025-03-06$168.06$190.0042.7%12.2%49.6%71.1%43.6%3.6%2.8%-430.6K19.2M-97.7K0.5573.29109604,5392,559
2025-03-07$171.02$190.0044.8%12.8%50.5%77.7%43.7%2.9%2.1%-418.6K17.1M-101.8K2.5676.74451154,6002,565
2025-03-10$166.95$190.0052.8%15.2%50.2%100.0%49.7%5.0%0.2%-431.1K20.6M-95.5K0.7179.9159424,6212,646
2025-03-11$168.34$190.0043.3%13.9%28.0%71.0%50.3%5.3%1.9%-469.8K19.5M-97.6K0.2477.2254134,6372,657
2025-03-12$166.38$190.0043.2%13.5%28.1%70.7%46.5%4.3%1.2%-490.4K21.1M-92.7K4.1378.9223954,6162,656
2025-03-13$163.59$190.0042.3%13.5%27.2%67.8%47.2%4.1%1.6%-464.8K21.8M-86.1K1.2577.4640504,6232,579
2025-03-14$172.78$190.0039.8%11.8%32.0%60.1%41.8%4.5%3.5%-541.6K14.8M-102.4K0.8977.6671634,6472,568
2025-03-17$176.19$195.0039.2%12.2%32.0%58.5%40.4%3.3%3.5%-596.2K13.4M-94.9K2.1763.16481044,6752,564
2025-03-18$172.88$195.0039.8%12.2%32.0%60.2%41.8%3.8%2.3%-665.8K17.1M-92.3K1.2959.20831074,6982,634
2025-03-19$175.65$195.0038.5%12.0%32.3%56.3%43.1%3.3%2.7%-730.0K14.8M-97.6K0.5466.0663344,7272,723
2025-03-20$174.06$0.0037.4%13.3%32.2%52.8%0.0%3.9%8.5%-1.0M17.9M-91.6K41.4565.87229124,7462,741
2025-03-21$173.63$0.0037.1%12.9%31.2%52.0%45.3%3.6%7.6%-1.6M19.5M-88.6K2.1339.74551174,7582,725
2025-03-24$177.07$185.0036.8%14.3%31.0%51.1%49.0%6.2%13.6%-260.9K7.8M-90.8K0.1538.82143212,9631,975
2025-03-25$179.06$185.0034.6%13.3%31.0%44.6%47.1%2.9%11.7%-196.1K5.7M-91.5K0.5344.8672383,0461,980
2025-03-26$176.01$185.0036.3%14.3%31.5%49.4%48.9%2.8%14.0%-203.5K7.3M-90.5K0.6437.4436233,1042,008
2025-03-27$174.71$185.0034.9%14.2%31.2%45.3%49.2%4.3%14.9%-222.0K8.4M-88.0K0.3353.022483,1242,021
2025-03-28$172.81$185.0037.4%14.3%31.4%52.9%50.8%4.1%12.2%-247.5K10.3M-85.3K6.6441.21281863,1312,023
2025-03-31$173.55$185.0040.2%14.8%31.3%61.4%50.6%2.6%11.3%-263.5K10.4M-86.6K0.2143.814293,1502,119