MANH Options History — November 2025

In November 2025, MANH traded between $168.19 and $181.69. ATM implied volatility averaged 39.0%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 6.4% (HV 20d: 32.6%). Max pain ranged from $190.00 to $200.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 9.53.

Notable Days

  • 2025-11-20: Highest Volume — 1,112 contracts
  • 2025-11-10: Largest IV spike — 7.6% change
  • 2025-11-10: Highest IV Rank — 28.0%
  • 2025-11-20: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$175.21$168.19$181.69$181.52$176.03
Max Pain$194.21$190.00$200.00$200.00$190.00
ATM IV39.0%34.7%41.9%40.1%34.7%
Expected Move11.1%9.9%11.7%11.5%9.9%
HV 20d32.6%29.1%39.6%39.2%29.2%
HV 60d30.3%29.6%31.0%30.4%31.0%
IV Rank23.4%16.4%28.0%25.2%16.4%
IV Percentile71.5%52.4%82.1%77.8%52.4%
Term Structure-1.0%-2.6%1.8%-0.8%1.8%
VWIV37.1%30.9%41.7%40.5%36.0%
Skew 25d3.4%-0.7%9.6%-0.7%1.5%
Skew 10d6.5%-10.2%17.1%7.4%11.5%
Call IV 25d35.8%32.4%41.9%41.9%33.6%
Put IV 25d39.2%35.1%42.0%41.2%35.1%
Bid-Ask Spread %84.0372.2594.4684.7094.46
Gamma HHI0.150.090.270.260.10
Net GEX-205.1K-299.7K-90.0K-252.2K-91.7K
Net DEX5.9M2.4M8.3M6.1M2.4M
Net VEX-21.0K-29.9K-15.5K-29.9K-16.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.530.00138.000.200.70
Total Volume102.316111,1121817
Total OI1,972.5261,1902,2792,2651,246

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$181.52$200.0040.1%11.5%39.2%25.2%40.5%-0.7%-0.8%-252.2K6.1M-29.9K0.2084.701531,2131,052
2025-11-04$177.84$200.0038.9%11.2%39.6%23.2%34.4%3.1%-2.6%-273.8K7.5M-27.5K0.0072.255701,2251,054
2025-11-05$181.69$200.0038.5%11.0%34.9%22.6%36.8%2.4%-1.9%-284.5K6.3M-28.5K11.8576.80131541,2081,054
2025-11-06$175.84$195.0039.6%10.8%35.8%24.4%0.0%1.1%-0.5%-222.0K6.4M-23.5K1.1980.8116191,205929
2025-11-07$176.05$195.0038.9%10.7%34.0%23.2%36.7%1.0%-0.4%-219.1K6.4M-22.9K10.4080.38151561,206909
2025-11-10$176.78$195.0041.9%11.2%32.8%28.0%37.8%3.1%-0.8%-250.6K6.6M-22.9K2.6782.35381,213950
2025-11-11$175.30$195.0040.0%11.0%32.7%25.0%41.7%0.6%-0.6%-248.3K6.8M-22.4K1.3879.768111,212954
2025-11-12$175.85$195.0038.3%11.0%32.9%22.2%34.8%3.5%-1.0%-259.3K6.5M-22.0K0.2279.171841,208945
2025-11-13$175.93$195.0039.3%11.3%32.0%23.9%30.9%7.0%-1.3%-259.9K6.6M-20.9K0.0081.880441,214936
2025-11-14$178.65$195.0037.8%10.8%31.6%21.4%37.7%6.5%-1.0%-299.7K6.4M-21.9K0.5784.22741,214961
2025-11-17$170.74$195.0040.2%11.5%32.7%25.3%36.5%6.6%-1.9%-234.2K8.3M-17.4K1.0082.5411111,221957
2025-11-18$171.30$195.0039.6%11.4%32.3%24.3%38.6%9.6%-0.4%-234.0K7.6M-18.5K2.1381.0316341,218933
2025-11-19$171.63$195.0040.7%11.7%29.3%26.1%38.7%5.5%-2.5%-195.9K7.4M-19.2K0.2685.5839101,234957
2025-11-20$168.19$190.0040.7%11.7%29.7%26.2%39.0%0.9%-2.0%-170.0K8.0M-17.5K138.0092.1281,1041,260956
2025-11-21$171.53$190.0039.1%11.2%31.1%23.5%39.1%3.6%-0.7%-113.6K4.2M-16.9K0.3392.9736121,264763
2025-11-24$171.22$190.0038.3%11.0%29.1%22.2%35.8%4.0%-1.8%-107.0K3.8M-15.5K0.1593.21264576614
2025-11-25$176.24$190.0037.8%10.8%31.2%21.4%37.1%1.2%-0.6%-90.6K2.5M-17.4K0.3685.85145599604
2025-11-26$176.74$190.0036.7%10.5%29.2%19.7%36.1%4.7%-0.0%-90.0K2.4M-17.7K0.1186.49384607607
2025-11-28$176.03$190.0034.7%9.9%29.2%16.4%36.0%1.5%1.8%-91.7K2.4M-16.6K0.7094.46107635611