MANH Options History — January 2026

In January 2026, MANH traded between $149.92 and $177.01. ATM implied volatility averaged 43.5%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 16.0% (HV 20d: 27.5%). Max pain ranged from $160.00 to $185.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.68.

Notable Days

  • 2026-01-27: Highest Volume — 2,935 contracts
  • 2026-01-28: Largest IV drop — 38.5% change
  • 2026-01-27: Highest IV Rank — 60.3%
  • 2026-01-27: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$168.93$149.92$177.01$167.12$149.92
Max Pain$168.00$160.00$185.00$185.00$160.00
ATM IV43.5%31.3%62.0%31.3%38.6%
Expected Move13.7%9.0%17.8%9.0%11.1%
HV 20d27.5%21.0%41.7%23.5%41.7%
HV 60d28.0%26.4%31.2%30.6%31.2%
IV Rank30.7%10.9%60.3%10.9%22.8%
IV Percentile68.4%27.0%96.4%28.6%68.3%
Term Structure-5.8%-12.3%13.3%13.3%-0.1%
VWIV48.9%30.1%62.7%30.1%40.5%
Skew 25d4.1%2.0%8.6%3.4%2.0%
Skew 10d10.5%-7.5%24.2%3.1%11.1%
Call IV 25d46.1%29.9%61.4%29.9%38.7%
Put IV 25d50.1%33.3%66.9%33.3%40.7%
Bid-Ask Spread %57.6938.9789.2589.2573.54
Gamma HHI0.220.150.280.260.17
Net GEX240.8K-661.5K710.8K143.5K-661.5K
Net DEX-14.6M-26.0M8.9M-10.6M8.9M
Net VEX-74.6K-115.5K-59.6K-60.8K-97.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.680.009.889.149.88
Total Volume351.75122,9357187
Total OI3,093.051,8956,9541,8956,551

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$167.12$185.0031.3%9.0%23.5%10.9%30.1%3.4%13.3%143.5K-10.6M-60.8K9.1489.257641,554341
2026-01-05$166.94$180.0035.5%12.9%23.5%17.8%41.4%4.6%-5.4%153.0K-11.1M-60.1K0.2853.012981,561337
2026-01-06$168.84$180.0032.0%13.3%23.7%12.1%53.1%4.1%-7.0%152.6K-11.4M-61.1K0.1451.1069101,576342
2026-01-07$172.31$180.0033.0%13.1%24.4%13.8%43.6%5.4%-5.7%163.3K-12.6M-61.4K0.2353.592251,603343
2026-01-08$173.25$180.0031.4%13.0%24.3%11.2%0.0%4.5%-6.4%163.1K-12.9M-61.3K0.0055.431701,611346
2026-01-09$175.91$180.0031.3%13.0%25.0%11.0%44.1%2.7%-6.0%180.8K-14.2M-60.0K0.1656.743251,628346
2026-01-12$176.38$180.0036.2%13.3%24.3%18.8%46.4%4.4%-7.2%184.0K-14.0M-59.6K0.0455.124921,629346
2026-01-13$172.58$175.0037.7%13.7%25.1%21.3%52.2%8.6%-8.7%167.0K-13.0M-60.9K0.0155.8073351,658348
2026-01-14$173.99$160.0049.0%14.1%23.0%39.5%55.7%4.5%-8.5%338.2K-20.6M-70.5K0.6153.322741662,191326
2026-01-15$175.00$160.0049.4%14.2%21.0%40.1%49.1%4.3%-6.1%409.9K-23.4M-74.6K0.1556.403352,417490
2026-01-16$172.81$160.0049.5%14.2%21.0%40.2%51.3%2.9%-6.6%474.2K-22.3M-75.3K1.0057.19662,435488
2026-01-20$165.24$160.0053.8%15.4%26.1%47.1%55.8%2.0%-7.0%478.7K-19.1M-74.5K0.1454.22214302,183388
2026-01-21$167.06$160.0055.4%15.9%26.4%49.8%55.3%5.7%-8.3%534.2K-20.3M-77.2K0.4758.3445212,387413
2026-01-22$169.94$160.0054.0%15.5%27.2%47.5%54.5%4.7%-9.5%561.8K-22.0M-77.7K1.7454.5923402,439429
2026-01-23$173.30$160.0054.1%15.5%28.0%47.7%55.0%3.4%-9.0%561.9K-23.9M-78.0K1.4154.8154762,457461
2026-01-26$177.01$160.0059.9%17.2%28.8%56.9%60.3%3.0%-12.3%568.9K-26.0M-76.5K0.0353.33867272,484496
2026-01-27$167.43$160.0062.0%17.8%35.0%60.3%62.7%5.5%-12.2%710.8K-22.5M-86.3K1.0038.971,4711,4642,931513
2026-01-28$161.37$160.0038.1%10.9%37.0%21.9%38.8%2.5%-1.4%-80.0K-7.3M-115.5K0.7467.995504063,6443,215
2026-01-29$152.28$160.0038.6%11.1%41.6%22.7%38.7%3.5%-1.4%-387.7K5.5M-103.8K6.5361.1315983,8673,087
2026-01-30$149.92$160.0038.6%11.1%41.7%22.8%40.5%2.0%-0.1%-661.5K8.9M-97.5K9.8873.548793,4333,118