MANH Options History — July 2025

In July 2025, MANH traded between $196.35 and $225.51. ATM implied volatility averaged 38.2%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 13.9% (HV 20d: 24.3%). Max pain ranged from $190.00 to $200.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.89.

Notable Days

  • 2025-07-24: Highest Volume — 1,112 contracts
  • 2025-07-23: Largest IV drop — 44.7% change
  • 2025-07-22: Highest IV Rank — 44.7%
  • 2025-07-22: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$206.80$196.35$225.51$198.17$220.63
Max Pain$196.14$190.00$200.00$190.00$200.00
ATM IV38.2%24.5%52.6%29.3%28.6%
Expected Move11.7%7.0%15.1%8.4%8.2%
HV 20d24.3%18.7%29.5%24.9%29.5%
HV 60d30.2%23.7%47.2%47.2%27.2%
IV Rank22.9%0.0%44.7%13.4%6.7%
IV Percentile52.6%0.0%94.8%29.8%23.4%
Term Structure-4.9%-13.3%24.5%18.1%-1.8%
VWIV41.2%25.7%52.8%29.7%29.7%
Skew 25d3.5%0.9%6.4%2.1%2.6%
Skew 10d6.7%-6.0%17.1%6.9%1.1%
Call IV 25d39.4%25.5%51.2%29.0%29.1%
Put IV 25d42.9%26.3%55.1%31.0%31.7%
Bid-Ask Spread %62.8735.6993.0390.9079.81
Gamma HHI0.240.120.540.190.18
Net GEX30.2K-313.0K344.3K-81.0K106.6K
Net DEX-9.4M-12.4M-4.1M-7.0M-10.0M
Net VEX-46.7K-64.7K-38.8K-50.0K-64.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.023.830.370.32
Total Volume208.955151,1128949
Total OI3,150.0451,3433,6743,3843,341

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$198.17$190.0029.3%8.4%24.9%13.4%29.7%2.1%18.1%-81.0K-7.0M-50.0K0.3790.9065241,8011,583
2025-07-02$198.53$190.0026.2%7.5%24.6%8.7%30.0%2.3%24.5%-53.4K-7.7M-49.8K1.7193.037121,8471,592
2025-07-03$199.13$195.0026.2%13.4%23.7%6.3%47.4%4.0%-7.2%-28.2K-8.6M-47.6K0.3655.5733121,8461,595
2025-07-07$199.82$195.0032.1%14.0%23.7%15.4%49.0%6.2%-11.1%-20.2K-8.8M-45.7K1.1952.5016191,8521,599
2025-07-08$203.34$195.0032.0%14.3%24.3%15.3%49.5%5.4%-12.3%74.2K-10.8M-43.8K0.2252.7190201,8581,601
2025-07-09$202.67$195.0046.0%13.2%24.2%37.0%45.8%2.7%-9.3%93.8K-11.2M-42.4K1.9568.9622431,9251,610
2025-07-10$199.62$195.0046.7%13.4%25.0%36.1%48.5%4.4%-8.6%-7.0K-9.6M-43.9K0.3154.821341,9381,621
2025-07-11$196.35$195.0051.1%14.7%23.8%43.1%52.0%4.8%-13.3%-163.3K-7.1M-44.1K3.3355.299301,9391,626
2025-07-14$197.53$195.0049.1%14.1%22.8%39.1%49.1%3.7%-10.2%-155.9K-8.0M-41.3K0.5444.0741221,9401,630
2025-07-15$197.00$195.0051.4%14.8%20.9%42.9%50.2%4.4%-11.9%-313.0K-7.9M-40.6K0.1849.893871,9541,644
2025-07-16$199.69$195.0051.9%14.9%20.3%43.7%51.3%5.2%-12.7%-78.6K-10.2M-39.9K0.2552.351231,9761,643
2025-07-17$203.58$195.0052.3%15.0%21.1%44.4%52.1%6.4%-12.1%150.9K-12.0M-39.2K0.3361.57136451,9791,642
2025-07-18$201.58$195.0051.2%14.7%21.1%42.5%52.3%5.7%-11.0%295.6K-12.3M-38.8K0.1448.36138192,0231,651
2025-07-21$199.41$195.0051.5%14.8%20.4%43.0%52.8%3.9%-13.2%64.3K-4.1M-39.2K1.9144.863363699644
2025-07-22$203.62$195.0052.6%15.1%18.7%44.7%52.5%3.9%-13.3%65.1K-4.9M-40.1K0.3135.69699215726689
2025-07-23$216.04$200.0029.1%8.3%27.2%6.6%29.6%2.7%-2.7%344.3K-11.7M-43.0K0.4561.257083161,362928
2025-07-24$221.25$200.0024.5%7.0%26.9%0.0%25.7%0.9%0.7%300.9K-12.4M-44.7K3.8371.452308821,4401,111
2025-07-25$219.28$200.0027.4%7.9%27.5%4.7%27.6%1.6%-0.4%-32.4K-8.8M-60.5K0.4372.4361261,3471,746
2025-07-28$221.61$200.0027.2%7.8%27.5%4.3%27.5%1.6%-0.6%-7.0K-9.6M-57.8K1.0574.5244461,3541,760
2025-07-29$225.28$200.0027.1%7.8%27.7%4.2%28.8%1.2%-0.5%49.1K-11.8M-53.5K0.3077.8244131,3581,759
2025-07-30$225.51$200.0026.0%7.4%27.7%2.4%26.1%2.5%1.8%58.9K-11.6M-57.7K0.0285.2728351,3721,750
2025-07-31$220.63$200.0028.6%8.2%29.5%6.7%29.7%2.6%-1.8%106.6K-10.0M-64.7K0.3279.8137121,5871,754