MANH Options History — May 2025

In May 2025, MANH traded between $179.99 and $196.06. ATM implied volatility averaged 34.1%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 6.5% (HV 20d: 40.5%). Max pain ranged from $165.00 to $180.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.79.

Notable Days

  • 2025-05-13: Highest Volume — 241 contracts
  • 2025-05-14: Largest IV drop — 15.7% change
  • 2025-05-07: Highest IV Rank — 28.7%
  • 2025-05-01: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$188.69$179.99$196.06$179.99$188.93
Max Pain$175.48$165.00$180.00$165.00$180.00
ATM IV34.1%29.6%39.1%38.6%29.6%
Expected Move9.5%8.5%11.1%11.1%8.5%
HV 20d40.5%25.8%82.2%82.2%26.9%
HV 60d53.4%52.1%57.8%57.7%52.4%
IV Rank20.9%13.9%28.7%27.9%13.9%
IV Percentile58.4%38.9%75.0%73.4%38.9%
Term Structure0.7%-1.4%3.0%-0.1%3.0%
VWIV33.6%30.8%41.2%41.2%31.0%
Skew 25d3.2%-1.0%5.4%5.4%-1.0%
Skew 10d9.2%0.6%19.3%4.9%0.6%
Call IV 25d32.2%29.3%36.9%36.9%32.4%
Put IV 25d35.4%31.5%42.3%42.3%31.5%
Bid-Ask Spread %71.6558.1481.9575.6581.95
Gamma HHI0.130.110.160.120.13
Net GEX38.5K-66.9K231.2K78.9K-33.0K
Net DEX-8.8M-19.2M-1.8M-4.8M-3.9M
Net VEX-72.9K-89.5K-62.5K-89.5K-62.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.036.670.500.33
Total Volume70.04832412136
Total OI4,104.193,3294,7744,5603,378

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$179.99$165.0038.6%11.1%82.2%27.9%41.2%5.4%-0.1%78.9K-4.8M-89.5K0.5075.651472,4832,077
2025-05-02$183.00$165.0034.4%9.8%74.0%21.5%35.3%4.8%-1.4%108.1K-7.6M-86.6K0.2578.0855142,4802,079
2025-05-05$184.51$180.0036.4%10.2%70.5%24.6%36.9%3.4%1.3%119.5K-9.1M-82.9K1.7558.14631102,4982,079
2025-05-06$183.34$175.0037.6%10.4%66.5%26.4%36.5%4.9%0.0%89.2K-7.6M-83.7K0.7159.5631222,5182,126
2025-05-07$185.44$175.0039.1%10.3%65.6%28.7%35.6%2.2%0.0%73.2K-8.8M-82.3K0.0877.185042,5332,138
2025-05-08$187.26$175.0034.6%9.8%38.2%21.9%33.8%3.8%2.4%93.4K-11.3M-80.5K0.0364.6715552,5552,136
2025-05-09$184.54$175.0038.6%9.9%30.4%27.9%34.2%3.7%1.5%89.8K-9.2M-79.0K0.2965.072882,5032,134
2025-05-12$195.22$175.0035.6%8.8%34.9%23.4%31.5%3.1%0.9%75.5K-18.1M-70.2K0.5671.83119672,5112,140
2025-05-13$196.06$175.0038.1%9.0%34.3%27.2%32.8%3.5%0.3%87.1K-19.2M-70.2K1.0671.581171242,5402,158
2025-05-14$193.85$175.0032.1%9.2%35.0%18.2%33.2%3.8%0.1%22.4K-17.5M-69.4K0.3569.6988312,5412,162
2025-05-15$193.02$175.0032.2%9.2%33.5%18.2%32.0%2.5%-0.4%17.6K-17.6M-70.8K0.1064.846262,5862,163
2025-05-16$193.99$175.0031.3%9.0%33.4%17.0%31.1%3.3%0.1%231.2K-18.7M-69.2K0.1269.754962,6082,166
2025-05-19$192.51$175.0031.0%8.9%31.6%16.5%31.4%3.7%0.5%966-5.5M-68.5K0.2973.112471,8361,493
2025-05-20$191.54$175.0031.4%9.0%31.8%17.2%31.3%3.5%1.6%-815-4.9M-68.5K0.3373.2942141,8471,494
2025-05-21$188.19$175.0032.9%9.4%25.8%19.4%33.2%3.4%0.9%-38.3K-3.2M-69.2K0.7073.371071,8581,498
2025-05-22$188.18$175.0033.0%9.5%25.9%19.3%34.7%2.8%0.9%-30.8K-3.6M-68.2K6.6773.283201,8571,501
2025-05-23$185.56$180.0033.7%9.7%26.6%20.0%33.2%1.1%0.0%-66.9K-1.8M-67.2K0.0871.563931,8561,516
2025-05-27$190.41$180.0031.2%9.0%27.8%16.3%30.8%2.7%1.9%-22.9K-4.4M-64.4K0.0976.292221,8651,516
2025-05-28$188.16$180.0031.6%9.1%28.0%16.9%32.2%2.5%0.5%-45.1K-3.7M-64.1K2.0078.30121,8641,516
2025-05-29$188.78$180.0032.1%9.2%27.8%17.6%33.3%3.7%0.6%-40.0K-3.5M-64.8K0.3377.40311,8641,515
2025-05-30$188.93$180.0029.6%8.5%26.9%13.9%31.0%-1.0%3.0%-33.0K-3.9M-62.5K0.3381.952791,8631,515