MANH Options History — February 2026

In February 2026, MANH traded between $130.43 and $149.95. ATM implied volatility averaged 44.7%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 15.2% (HV 20d: 60.0%). Max pain ranged from $150.00 to $160.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 2.67.

Notable Days

  • 2026-02-03: Highest Volume — 2,232 contracts
  • 2026-02-23: Largest IV spike — 18.2% change
  • 2026-02-24: Highest IV Rank — 42.1%
  • 2026-02-24: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.60$130.43$149.95$149.95$134.74
Max Pain$154.74$150.00$160.00$160.00$150.00
ATM IV44.7%38.6%50.6%38.6%45.5%
Expected Move12.7%11.1%14.5%11.1%13.0%
HV 20d60.0%40.3%67.0%40.3%64.3%
HV 60d40.4%31.0%45.1%31.0%45.1%
IV Rank32.6%22.7%42.1%22.7%33.8%
IV Percentile81.8%66.7%88.1%66.7%82.5%
Term Structure-0.9%-3.7%1.9%-0.1%0.4%
VWIV45.3%32.2%55.5%40.4%42.2%
Skew 25d3.9%-0.6%6.0%2.8%4.6%
Skew 10d10.3%-0.3%22.2%14.9%14.6%
Call IV 25d44.8%38.8%50.1%38.8%44.9%
Put IV 25d48.7%41.6%54.9%41.6%49.4%
Bid-Ask Spread %75.5367.5991.9876.8777.94
Gamma HHI0.220.160.290.190.26
Net GEX-374.5K-809.3K201.3K-809.3K177.9K
Net DEX8.7M-3.8M25.6M10.3M-2.4M
Net VEX-63.5K-91.3K-43.3K-91.3K-51.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.670.0615.800.630.50
Total Volume239.89532,2322053
Total OI5,469.1582,1076,6636,5272,606

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$149.95$160.0038.6%11.1%40.3%22.7%40.4%2.8%-0.1%-809.3K10.3M-91.3K0.6376.87126793,4343,093
2026-02-03$134.46$160.0043.7%12.5%54.5%30.9%40.9%-0.6%-1.1%-664.2K25.6M-65.8K4.3867.594151,8173,4673,145
2026-02-04$138.69$160.0045.4%13.0%56.0%33.6%32.2%5.6%-0.3%-484.0K17.1M-69.5K5.1591.98663403,8502,642
2026-02-05$138.51$155.0048.6%12.8%55.0%38.8%43.4%3.4%-1.7%-451.7K14.6M-73.9K0.1473.7074103,9092,619
2026-02-06$145.63$155.0043.6%12.5%58.9%30.8%45.4%3.6%-0.3%-564.6K10.6M-79.6K15.8073.16203163,9272,645
2026-02-09$148.53$155.0041.3%12.0%59.1%27.1%55.5%5.0%0.7%-541.3K7.1M-79.2K0.0672.304933,9352,596
2026-02-10$149.52$155.0044.2%11.9%59.3%31.7%0.0%3.1%-2.4%-511.8K5.6M-78.5K4.7172.64311463,9582,594
2026-02-11$143.60$155.0041.3%11.8%60.2%27.0%43.2%2.7%0.8%-608.2K11.0M-69.1K0.2872.66116333,9792,548
2026-02-12$137.89$155.0042.2%12.1%60.8%28.5%44.9%2.6%1.9%-557.8K15.1M-61.7K1.5877.3612194,0752,538
2026-02-13$140.49$155.0044.3%12.7%61.5%31.8%45.7%1.6%-1.0%-582.3K13.2M-65.6K3.8373.136234,0802,538
2026-02-17$141.30$155.0046.0%13.2%61.7%34.6%45.8%5.4%-0.9%-635.5K14.2M-57.1K2.5874.5419494,0782,543
2026-02-18$143.39$155.0044.0%12.6%60.9%31.5%46.1%4.9%-0.9%-639.6K12.6M-58.1K1.4477.9516234,0852,563
2026-02-19$143.08$155.0043.6%12.5%60.6%30.7%47.5%4.0%-0.5%-595.0K13.0M-55.2K0.4276.4533144,1012,562
2026-02-20$143.88$155.0042.4%12.2%60.1%28.9%43.7%5.7%-0.9%-373.9K7.6M-54.0K1.0978.6534374,1172,231
2026-02-23$130.43$155.0050.1%14.4%67.0%41.3%50.2%3.9%-3.1%136.2K-1.5M-43.3K0.5869.832221281,631476
2026-02-24$132.87$150.0050.6%14.5%66.8%42.1%50.5%6.0%-3.7%190.1K-2.6M-49.1K1.3773.6530411,830536
2026-02-25$135.48$150.0047.0%13.5%65.9%36.3%52.4%6.0%-1.2%198.1K-2.8M-49.7K6.0476.63231391,848572
2026-02-26$139.00$150.0047.5%13.6%66.4%37.0%42.2%4.2%-2.4%201.3K-3.8M-54.4K0.1278.144151,862701
2026-02-27$134.74$150.0045.5%13.0%64.3%33.8%0.0%4.6%0.4%177.9K-2.4M-51.5K0.5077.94211,900706