Information Technology

Manhattan Associates, Inc. (MANH) options and signal

Figures as of 28 Sep 2026

MANH is Manhattan Associates, Inc., an Information Technology name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	80 of 100	28 Sep
At the money IV	48.4%	28 Sep
Priced move to 16 Oct	11.1% down, 11.1% up	28 Sep
Call wall and put wall	200 and 190	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	201.88	28 Sep
Next report	27 Oct 2026	28 Sep

Options Snapshot

MANH's IV rank is 80 of 100 on 28 Sep 2026.

Figure	Value
IV rank	80 of 100
At the money IV	48.4%, near month, 18 days
Put/call ratio, open interest	0.44
Call open interest, strikes captured near the price	657 contracts
Put open interest, strikes captured near the price	289 contracts
Cost to trade at the money	Fair, 35.4% of the option's mid price

IV rank is where the at the money IV sits among MANH's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, MANH options priced a move of 11.1 percent down and 11.1 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.1%	11.1%	179.48 to 224.38
20 Nov 2026	53	19.3%	19.6%	162.88 to 241.48
15 Jan 2027	109	26.7%	26.7%	147.98 to 255.88
16 Apr 2027	200	33.5%	37.3%	134.28 to 277.28

The range is one standard deviation either side of the close of 201.88, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, MANH's call wall is the 200 strike and its put wall is the 190 strike.

Figure	Value
Call wall, most open call gamma	200
Put wall, most open put gamma	190
Net dollar gamma, calls minus puts	$159,759
Total dollar gamma, both sides	$327,182
Close	201.88

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 4 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, MANH's at the money IV is 48.4 percent against 20 day realized volatility of 31.5 percent.

Figure	Value
At the money IV	48.4%
Realized volatility, 20 trading days	31.5%
Realized volatility, 60 trading days	55.6%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	823, from 8 Jan 2010
Weeks the price moved more than the one week priced move	28.0% of 236 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, MANH's at the money IV runs from 48.4 percent at 18 days to 51.7 percent at 200 days.

Days to expiry	At the money IV
18	48.4%
53	50.7%
109	48.7%
200	51.7%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, MANH's surface spans 4 expiries out to 200 days, with IV from 3.1 to 92.1 percent near the price.

Figure	Value
Expiries captured	4
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	18
Lowest IV among them	3.1%
Highest IV among them	92.1%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, MANH has 4 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	48.4%	327	89
20 Nov 2026	53	50.7%	22	7
15 Jan 2027	109	48.7%	252	118
16 Apr 2027	200	51.7%	56	75

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, MANH's largest open interest sits at the 180 strike, with 156 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
180	125	31	156
190	57	72	129
200	76	32	108
220	94	10	104
210	69	13	82
240	51	3	54

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, MANH's at the money IV moved from 49.3 percent to 48.4 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	49.3%	48.4%	-1.0 points
Open interest, strikes captured near the price	939	946	+7
Put/call ratio, open interest	0.45	0.44	-0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 338 MANH option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	175
Puts traded	163
Against its recent average	1.0 times
Busier than	3 of its last 20 trading days
Open interest, whole chain	1,235 contracts
Volume to open interest	0.27
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of MANH's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	195.20	$167,863	190	185
21 Sep 2026	209.35	$110,289	200	190
28 Sep 2026	201.88	$159,759	200	190

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of MANH was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	202.18, the swing high of 22 Sep 2026
Level below the close	200.93, the swing low of 11 Sep 2026, a close past it runs against the view
The chart	Sits with the view
Strategy family	Cash-secured put (sell a put below the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 MANH sat at the 75th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	100 of 100	Bullish
20 trading days	97 of 100	Bullish
45 trading days	75 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 2 of 3 timeframes put MANH on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	2 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 MANH had carried no signal for 2 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	75 of 100
24 Sep 2026	None	74 of 100
23 Sep 2026	Bullish	90 of 100
22 Sep 2026	Bullish	83 of 100
21 Sep 2026	Bullish	70 of 100
18 Sep 2026	None	66 of 100
17 Sep 2026	None	72 of 100
16 Sep 2026	None	76 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

MANH closed at 201.88 on 28 Sep 2026.

Figure	Value
Last close	201.88
Change over 5 trading days	-3.6%
Change over 21 trading days	-9.8%
Change over 63 trading days	+46.2%
Change over 252 trading days	-3.7%
52 week high	227.03
52 week low	119.06
20 day moving average	210.65
50 day moving average	199.04
200 day moving average	160.64
RSI, 14 days	45

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

MANH reports next on 27 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	27 Oct 2026, after the close
Date	Confirmed by the company
Move after the report of 28 Jul 2026	+21.3%
Move after the report of 29 Apr 2026	-4.1%
Move after the report of 27 Jan 2026	-5.1%
Move after the report of 22 Apr 2025	+6.0%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, MANH's average change was plus 1.1 percent, and it rose in 43.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.1%	-1.8%	43.5%	23
October	+1.9%	+0.7%	52.2%	23
November	+3.4%	+3.5%	65.2%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 1 headline naming MANH in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is MANH's IV rank?: MANH's IV rank is 80 of 100 on 28 Sep 2026.
What move are MANH options pricing?: On 28 Sep 2026, MANH options priced a move of 11.1 percent down and 11.1 percent up by 16 Oct 2026.
Where are MANH's call wall and put wall?: On 28 Sep 2026, MANH's call wall is the 200 strike and its put wall is the 190 strike.
What was the desk's latest view of MANH on the Free plan?: On 25 Sep 2026 the desk's view of MANH was bullish, paper trading.
When does MANH report earnings next?: MANH reports next on 27 Oct 2026, a date confirmed by the company.

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