MANH Options History — October 2025

In October 2025, MANH traded between $178.84 and $208.78. ATM implied volatility averaged 39.6%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 8.3% (HV 20d: 31.3%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 1.65.

Notable Days

  • 2025-10-27: Highest Volume — 518 contracts
  • 2025-10-22: Largest IV drop — 32.2% change
  • 2025-10-16: Highest IV Rank — 47.8%
  • 2025-10-16: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$195.68$178.84$208.78$199.81$182.61
Max Pain$208.70$200.00$220.00$200.00$200.00
ATM IV39.6%30.6%54.2%30.6%37.7%
Expected Move12.4%8.8%15.5%8.8%10.8%
HV 20d31.3%20.6%39.2%24.9%39.2%
HV 60d29.7%28.0%31.2%28.3%30.8%
IV Rank24.3%9.8%47.8%9.8%21.3%
IV Percentile69.7%36.5%95.2%36.5%68.7%
Term Structure-1.7%-10.0%15.4%14.5%-0.4%
VWIV43.2%30.3%55.5%30.3%34.8%
Skew 25d2.9%-0.7%5.5%1.9%3.8%
Skew 10d4.3%-6.7%14.4%10.0%4.7%
Call IV 25d42.4%30.9%51.8%30.9%36.9%
Put IV 25d45.2%32.8%56.0%32.8%40.8%
Bid-Ask Spread %64.4335.7388.5587.9667.69
Gamma HHI0.360.100.780.530.25
Net GEX-343.5K-1.1M64.0K-535.2K-222.1K
Net DEX466.1K-4.5M6.6M575.0K5.3M
Net VEX-28.4K-35.0K-20.2K-35.0K-32.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.006.861.196.86
Total Volume124.565115184655
Total OI2,049.7838042,3472,2642,248

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$199.81$200.0030.6%8.8%24.9%9.8%30.3%1.9%14.5%-535.2K575.0K-35.0K1.1987.9621258901,374
2025-10-02$201.47$200.0030.8%8.8%25.2%10.1%31.5%1.7%15.4%-494.5K-699.2K-33.4K6.7588.554278931,379
2025-10-03$201.64$200.0032.1%9.2%22.1%12.3%32.9%1.6%15.3%-497.6K-323.1K-33.9K3.5085.584148961,378
2025-10-06$199.56$220.0034.8%13.8%20.8%16.6%49.2%2.3%-4.8%-580.6K109.6K-31.7K0.6857.4219138971,384
2025-10-07$198.23$220.0037.3%13.8%20.6%20.6%48.0%3.3%-5.0%-618.1K1.3M-31.1K0.2254.70928951,391
2025-10-08$208.78$220.0035.8%13.6%28.3%18.3%0.0%3.7%-4.4%-276.5K-4.5M-28.0K1.7559.0012218971,393
2025-10-09$204.47$220.0036.4%14.1%27.4%19.2%50.6%2.1%-5.5%-414.4K-3.0M-27.5K0.9052.771099011,390
2025-10-10$196.81$220.0034.4%14.3%30.0%16.0%50.2%0.8%-6.2%-756.1K1.2M-29.9K0.4259.0080349091,398
2025-10-13$200.92$220.0040.4%14.1%30.4%25.7%48.7%2.4%-5.7%-580.4K-1.3M-25.6K0.0056.453909051,405
2025-10-14$200.63$220.0042.3%14.7%30.0%28.7%55.5%4.7%-7.1%-478.2K-2.2M-24.0K0.6756.29969261,405
2025-10-15$198.42$220.0049.2%14.1%30.0%39.8%51.8%3.6%-4.7%-768.2K-255.6K-23.6K0.1459.502949261,411
2025-10-16$193.10$220.0054.2%15.5%30.4%47.8%53.9%3.0%-7.0%-1.1M2.7M-22.3K1.6464.8011189401,407
2025-10-17$196.79$210.0050.8%14.6%31.6%42.3%49.5%5.5%-6.1%-124.5K-764.4K-20.4K0.4259.5626119491,388
2025-10-20$201.79$210.0052.9%15.2%33.3%45.8%52.7%5.0%-10.0%10.2K-1.4M-20.2K0.5154.9316986441363
2025-10-21$203.76$200.0053.8%15.4%33.5%47.2%54.0%4.2%-8.0%49.5K-2.4M-24.4K0.5235.73330171588453
2025-10-22$194.64$200.0036.5%10.5%36.9%19.3%37.1%4.2%-2.1%37.8K-657.4K-26.4K2.0169.45139280853624
2025-10-23$193.95$200.0034.7%9.9%36.8%16.4%34.6%2.2%-0.8%26.3K-772.5K-29.4K0.2168.448117908687
2025-10-24$193.75$200.0034.5%9.9%36.5%16.1%34.0%3.0%0.2%2.4K-357.3K-28.6K0.2171.3031367904687
2025-10-27$186.94$200.0037.2%10.7%38.0%20.5%36.7%2.1%-1.6%64.0K597.7K-29.2K5.8259.18764421,162696
2025-10-28$184.75$200.0037.3%10.7%37.9%20.6%37.1%3.1%-1.9%-190.3K4.6M-34.1K0.4865.8123111,1801,006
2025-10-29$178.84$200.0038.9%11.2%38.5%23.2%38.7%-0.7%-2.8%-189.7K6.1M-31.7K2.9580.4921621,1851,008
2025-10-30$179.05$200.0038.0%10.9%38.2%21.7%38.2%2.5%-1.5%-232.0K6.6M-30.8K0.1467.405781,1891,036
2025-10-31$182.61$200.0037.7%10.8%39.2%21.3%34.8%3.8%-0.4%-222.1K5.3M-32.9K6.8667.697481,2091,039