MANH Options History — August 2025

In August 2025, MANH traded between $204.65 and $219.62. ATM implied volatility averaged 28.0%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 4.1% (HV 20d: 32.2%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2025-08-26: Highest Volume — 116 contracts
  • 2025-08-11: Largest IV spike — 17.3% change
  • 2025-08-11: Highest IV Rank — 11.9%
  • 2025-08-11: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$214.51$204.65$219.62$214.71$214.17
Max Pain$209.52$200.00$210.00$200.00$210.00
ATM IV28.0%25.3%31.9%29.5%27.6%
Expected Move7.9%7.3%8.5%8.4%7.9%
HV 20d32.2%27.7%36.8%31.6%27.7%
HV 60d27.5%25.8%28.0%27.8%27.5%
IV Rank5.7%1.4%11.9%8.0%5.0%
IV Percentile18.4%0.8%47.6%30.2%15.1%
Term Structure1.4%-0.2%4.7%0.6%0.9%
VWIV27.7%25.2%30.6%29.7%27.6%
Skew 25d3.3%1.5%4.6%1.7%2.9%
Skew 10d8.8%0.7%22.6%1.5%7.5%
Call IV 25d26.7%25.5%29.6%29.6%25.9%
Put IV 25d30.0%27.3%31.8%31.3%28.8%
Bid-Ask Spread %77.6665.1490.2883.1082.23
Gamma HHI0.210.160.290.200.21
Net GEX-104.5K-242.7K66.6K-23.4K-232.4K
Net DEX-6.5M-11.4M-2.5M-6.8M-4.5M
Net VEX-59.2K-70.8K-45.2K-67.4K-45.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.008.002.118.00
Total Volume35.57101162827
Total OI3,038.6672,5373,5363,3592,538

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$214.71$200.0029.5%8.4%31.6%8.0%29.7%1.7%0.6%-23.4K-6.8M-67.4K2.1183.109191,5991,760
2025-08-04$217.67$210.0028.4%7.8%31.8%6.4%0.0%3.7%1.2%32.0K-8.6M-64.2K0.4871.3427131,5961,742
2025-08-05$215.91$210.0028.1%7.8%31.7%5.8%27.7%3.5%-0.2%-9.3K-7.7M-63.2K0.1570.952031,5981,755
2025-08-06$215.95$210.0029.3%7.6%31.7%7.8%26.5%4.2%1.3%-6.3K-7.5M-63.7K0.0570.299351,6071,752
2025-08-07$210.94$210.0028.9%8.4%32.4%7.1%0.0%4.2%0.2%-79.0K-5.6M-67.3K0.5172.2263321,6691,757
2025-08-08$205.50$210.0027.2%7.7%33.4%4.3%28.1%2.9%1.6%-182.1K-3.0M-70.8K0.3365.1433111,7211,747
2025-08-11$204.65$210.0031.9%8.5%33.4%11.9%29.4%3.4%0.3%-185.6K-2.5M-68.5K0.1176.623841,7351,745
2025-08-12$212.99$210.0031.6%8.0%36.0%11.5%27.4%4.0%0.7%-61.0K-8.1M-62.6K1.0676.2618191,7571,749
2025-08-13$218.93$210.0026.8%7.7%36.8%3.7%27.2%3.4%1.8%66.6K-11.4M-58.8K0.5578.1822121,7571,749
2025-08-14$216.41$210.0026.5%7.6%36.8%3.2%25.2%3.1%1.5%954-10.2M-58.5K0.0277.514111,7711,749
2025-08-15$215.50$210.0026.5%7.6%36.6%3.2%26.3%3.4%2.2%-162.8K-9.8M-59.0K0.7575.36431,7861,750
2025-08-18$216.43$210.0026.9%7.7%36.2%3.9%27.9%2.9%1.5%-142.1K-6.4M-56.1K0.3773.3827101,0711,517
2025-08-19$216.24$210.0027.8%8.0%35.7%5.3%27.3%3.7%1.2%-128.7K-6.1M-57.5K0.0081.30501,0941,520
2025-08-20$212.42$210.0028.5%8.2%29.5%6.5%30.6%4.1%1.1%-221.4K-4.1M-59.8K2.6076.925131,0971,520
2025-08-21$211.44$210.0028.6%8.2%28.1%6.7%0.0%2.7%1.3%-242.7K-4.1M-58.9K0.0079.55001,1021,523
2025-08-22$216.76$210.0025.3%7.3%29.5%1.4%26.1%3.2%4.7%-84.9K-7.3M-56.0K0.3190.281341,1021,523
2025-08-25$214.57$210.0028.5%8.2%29.4%6.5%26.9%4.6%1.1%-177.4K-5.4M-55.4K0.0078.332601,1061,526
2025-08-26$215.89$210.0027.3%7.8%28.8%4.5%0.0%3.6%2.4%-130.9K-5.9M-56.9K0.0082.8111601,1211,526
2025-08-27$219.62$210.0026.9%7.7%29.6%4.0%28.6%1.5%2.0%-108.6K-6.1M-45.8K1.0088.40331,0121,526
2025-08-28$218.11$210.0026.4%7.6%28.7%3.2%28.9%2.9%1.9%-116.3K-5.7M-46.9K4.0080.76141,0101,527
2025-08-29$214.17$210.0027.6%7.9%27.7%5.0%27.6%2.9%0.9%-232.4K-4.5M-45.2K8.0082.233241,0111,527