MANH Options History — June 2025

In June 2025, MANH traded between $184.66 and $197.23. ATM implied volatility averaged 31.4%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 5.5% (HV 20d: 25.9%). Max pain ranged from $180.00 to $190.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.71.

Notable Days

2025-06-27: Highest Volume — 408 contracts
2025-06-11: Largest IV spike — 14.5% change
2025-06-20: Highest IV Rank — 20.5%
2025-06-20: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$191.25	$184.66	$197.23	$184.66	$197.23
Max Pain	$185.75	$180.00	$190.00	$180.00	$190.00
ATM IV	31.4%	28.7%	34.0%	32.0%	30.0%
Expected Move	9.1%	8.3%	9.7%	9.2%	8.6%
HV 20d	25.9%	19.5%	28.8%	27.8%	26.6%
HV 60d	51.4%	50.7%	52.2%	52.2%	51.4%
IV Rank	16.6%	12.5%	20.5%	17.4%	14.4%
IV Percentile	45.4%	27.4%	57.1%	50.8%	34.1%
Term Structure	9.5%	0.9%	17.4%	1.1%	16.0%
VWIV	31.4%	29.2%	34.4%	34.1%	30.9%
Skew 25d	3.7%	1.8%	7.8%	4.2%	3.3%
Skew 10d	8.5%	2.9%	17.7%	13.6%	9.0%
Call IV 25d	30.2%	27.6%	31.9%	30.5%	28.8%
Put IV 25d	33.9%	30.2%	38.3%	34.6%	32.1%
Bid-Ask Spread %	85.25	78.30	91.10	78.30	91.10
Gamma HHI	0.18	0.14	0.25	0.14	0.19
Net GEX	-33.1K	-218.0K	228.1K	-109.1K	-89.4K
Net DEX	-3.9M	-6.6M	494.4K	-932.0K	-6.6M
Net VEX	-54.8K	-61.9K	-44.4K	-61.4K	-50.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.08	3.90	0.10	2.50
Total Volume	75.35	5	408	74	7
Total OI	3,471.7	3,093	3,772	3,395	3,377

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
2025-06-02	$184.66	$180.00	32.0%	9.2%	27.8%	17.4%	34.1%	4.2%	1.1%	-109.1K	-932.0K	-61.4K	0.10	78.30	67	7	1,878	1,517
2025-06-03	$187.24	$180.00	30.9%	8.9%	28.1%	15.8%	30.1%	3.1%	2.1%	-64.8K	-2.9M	-61.9K	0.19	84.15	37	7	1,885	1,519
2025-06-04	$191.12	$180.00	30.8%	8.8%	28.8%	15.6%	30.0%	2.6%	0.9%	-17.3K	-4.7M	-58.9K	0.27	83.28	15	4	1,888	1,522
2025-06-05	$191.06	$185.00	30.7%	9.2%	28.6%	15.5%	33.1%	2.8%	6.5%	-3.8K	-5.0M	-57.8K	0.36	80.08	33	12	1,891	1,518
2025-06-06	$192.05	$185.00	29.5%	9.0%	28.5%	13.8%	31.4%	1.8%	9.0%	859	-5.4M	-57.8K	0.15	81.28	26	4	1,889	1,527
2025-06-09	$193.94	$185.00	30.1%	8.9%	28.0%	14.6%	31.1%	2.3%	8.9%	18.2K	-6.3M	-54.4K	0.59	81.02	230	136	1,865	1,529
2025-06-10	$193.55	$185.00	28.7%	8.6%	19.5%	12.5%	31.6%	3.1%	9.9%	228.1K	-6.2M	-60.1K	0.45	82.21	29	13	2,071	1,642
2025-06-11	$188.56	$185.00	32.9%	9.4%	21.4%	18.8%	31.6%	3.6%	6.0%	61.2K	-2.8M	-59.2K	3.90	82.99	10	39	2,087	1,649
2025-06-12	$192.44	$185.00	31.9%	9.1%	22.5%	17.3%	30.2%	4.4%	7.8%	203.5K	-5.4M	-59.2K	0.08	83.15	26	2	2,097	1,675
2025-06-13	$187.88	$185.00	32.9%	9.4%	24.0%	18.9%	30.9%	7.8%	6.7%	6.2K	-1.9M	-59.0K	0.63	88.14	19	12	2,089	1,677
2025-06-16	$191.59	$185.00	33.5%	9.6%	25.0%	19.7%	32.5%	4.1%	6.5%	140.4K	-4.1M	-56.7K	0.19	88.71	42	8	2,077	1,679
2025-06-17	$191.25	$185.00	33.2%	9.5%	24.9%	19.2%	29.5%	4.9%	7.8%	40.8K	-3.7M	-55.6K	0.68	86.29	22	15	2,068	1,682
2025-06-18	$189.29	$190.00	32.1%	9.2%	25.1%	17.6%	34.4%	3.5%	13.9%	-180.5K	-1.9M	-54.2K	0.16	86.03	87	14	2,071	1,687
2025-06-20	$186.09	$190.00	34.0%	9.7%	25.0%	20.5%	33.1%	5.0%	12.1%	-218.0K	494.4K	-52.7K	0.21	87.38	47	10	2,038	1,692
2025-06-23	$192.16	$185.00	33.4%	9.6%	27.6%	19.6%	32.1%	2.1%	13.2%	-158.9K	-3.3M	-49.0K	0.12	86.20	83	10	1,655	1,438
2025-06-24	$194.63	$185.00	30.0%	8.6%	27.3%	14.5%	29.5%	4.4%	17.3%	-121.3K	-4.8M	-47.8K	0.67	87.57	6	4	1,688	1,443
2025-06-25	$191.80	$190.00	30.8%	8.8%	26.5%	15.7%	32.1%	3.7%	14.2%	-152.5K	-3.4M	-48.0K	1.20	87.83	5	6	1,692	1,447
2025-06-26	$193.81	$190.00	32.0%	9.2%	26.3%	17.5%	30.4%	4.9%	13.2%	-127.0K	-4.4M	-46.7K	0.67	89.26	3	2	1,696	1,446
2025-06-27	$194.69	$190.00	28.9%	8.3%	26.3%	12.8%	29.2%	2.6%	17.4%	-118.9K	-5.3M	-44.4K	0.98	89.95	206	202	1,696	1,447
2025-06-30	$197.23	$190.00	30.0%	8.6%	26.6%	14.4%	30.9%	3.3%	16.0%	-89.4K	-6.6M	-50.9K	2.50	91.10	2	5	1,799	1,578