MANH Options History — April 2025

In April 2025, MANH traded between $142.56 and $178.25. ATM implied volatility averaged 56.3%, placing in the 62.0% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded below realized volatility by 13.3% (HV 20d: 69.7%). Max pain ranged from $165.00 to $185.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.40.

Notable Days

  • 2025-04-23: Highest Volume — 1,548 contracts
  • 2025-04-23: Largest IV drop — 37.4% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 21.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$164.65$142.56$178.25$174.47$176.09
Max Pain$177.86$165.00$185.00$185.00$165.00
ATM IV56.3%38.0%86.7%39.1%40.8%
Expected Move16.4%11.6%21.5%14.8%11.7%
HV 20d69.7%31.3%82.3%31.3%82.2%
HV 60d73.2%57.6%81.4%68.3%57.6%
IV Rank62.0%30.9%100.0%58.2%31.2%
IV Percentile92.4%75.4%100.0%79.8%81.7%
Term Structure-8.6%-18.6%13.0%13.0%-0.9%
VWIV56.6%40.5%68.5%51.2%40.5%
Skew 25d10.2%2.2%18.5%2.2%5.1%
Skew 10d22.0%-3.8%45.5%11.7%14.4%
Call IV 25d51.3%33.1%66.9%40.3%39.3%
Put IV 25d61.5%40.7%79.3%42.5%44.5%
Bid-Ask Spread %60.3143.5480.2343.5475.40
Gamma HHI0.160.100.360.110.12
Net GEX-85.4K-342.6K515.1K-251.1K30.8K
Net DEX8.2M-6.6M19.6M9.8M-1.2M
Net VEX-81.7K-104.0K-59.4K-86.8K-90.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.0315.770.330.05
Total Volume316.667201,5482061
Total OI5,242.814,2176,9995,2954,533

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$174.47$185.0039.1%14.8%31.3%58.2%51.2%2.2%13.0%-251.1K9.8M-86.8K0.3343.541553,1772,118
2025-04-02$178.25$185.0038.0%14.0%32.1%54.9%49.0%7.8%-6.7%-217.8K7.4M-89.6K0.1744.0364113,1872,122
2025-04-03$161.96$185.0050.6%16.7%46.1%93.2%58.0%4.4%-10.1%-274.2K15.5M-77.5K0.2049.036001213,2162,124
2025-04-04$153.46$185.0065.9%19.1%49.0%100.0%65.7%10.5%-12.3%-195.7K17.6M-72.8K0.7053.8850353,4272,136
2025-04-07$145.02$185.0072.7%20.7%51.9%100.0%68.5%12.4%-17.7%-185.0K19.6M-61.2K0.9964.9993923,4522,134
2025-04-08$142.56$185.0086.7%21.5%51.7%100.0%63.0%13.6%-18.6%-179.8K19.6M-59.4K0.2758.6583223,5052,174
2025-04-09$166.62$185.0063.1%18.1%77.9%64.7%63.6%18.5%-13.9%-166.8K10.9M-82.0K0.5353.25143763,5622,146
2025-04-10$156.93$185.0066.8%19.2%80.6%70.2%66.3%14.5%-11.4%-239.7K16.3M-70.9K15.7768.33223473,5832,164
2025-04-11$158.67$185.0067.1%19.2%78.0%70.7%67.4%17.0%-12.8%-218.3K14.6M-74.1K1.6955.6832543,5822,142
2025-04-14$163.23$185.0060.3%17.3%78.4%60.5%63.5%16.6%-12.2%-291.0K14.0M-71.4K1.4756.7819283,5992,151
2025-04-15$164.06$185.0061.8%17.7%78.2%62.7%61.2%11.1%-10.8%-342.6K13.6M-71.8K0.0355.0611543,6052,148
2025-04-16$160.39$185.0065.3%18.7%78.2%68.0%63.9%12.3%-14.4%-283.1K14.6M-71.0K0.1659.511,1671853,6952,144
2025-04-17$163.12$175.0060.9%17.5%78.6%61.4%62.0%11.6%-9.5%10.6K5.9M-94.7K0.4250.82141594,8492,150
2025-04-21$159.07$175.0068.1%19.5%78.9%72.2%67.7%10.8%-14.5%254.4K1.4M-87.0K1.6850.46791332,8501,457
2025-04-22$162.05$175.0067.2%19.3%78.9%70.9%66.2%11.8%-13.3%261.4K992.2K-91.1K1.0955.433473782,8911,582
2025-04-23$172.52$165.0042.1%12.1%82.3%33.1%42.6%12.0%-4.1%515.1K-6.6M-104.0K0.0980.231,4211273,1971,921
2025-04-24$173.28$165.0040.6%11.6%82.1%30.9%41.6%6.0%-0.7%-30.6K1.1M-88.4K0.8070.8379632,2961,921
2025-04-25$174.10$165.0040.8%11.7%82.1%31.2%40.8%2.4%-2.5%335-139.5K-91.2K0.4678.6139182,3661,958
2025-04-28$174.46$165.0042.5%12.2%82.0%33.8%44.7%6.0%-2.6%-3.7K88.6K-89.6K2.1870.22681482,3811,970
2025-04-29$177.27$165.0042.6%12.2%82.2%34.0%41.8%6.4%-4.2%13.8K-1.8M-91.1K0.3471.8579272,4192,065
2025-04-30$176.09$165.0040.8%11.7%82.2%31.2%40.5%5.1%-0.9%30.8K-1.2M-90.6K0.0575.405832,4582,075