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MANH Covered Call Analysis: Proceed With Caution Weak · 35/100
MANH · $120.88 ·
Analysis generated Nov 26, 2025 ·
Data as of market close Nov 26
· Market closed — data may be from last trading day
This strategy is NOT recommended for MANH right now
Score 35/100. The technical signals do not support selling covered calls on MANH at this time.
IV -25% vs avg — premiums below average, less income. ADX at 40 — strong trend, stock may run past strike. TTM Squeeze ON — breakout imminent, risky for capped strategies.
Check back when conditions improve, or consider a different strategy.
Quick Take
MANH is trading at $120.88 with RSI at 44 (neutral territory). Options IV is at 40% — 25% below its 30-day average of 54%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
44
IV Today
40.5%
IV vs 30d Avg
-25%
MACD
bullish
ADX
40
MFI
54
The Setup
MANH Covered Call
LONG STOCK
100 shares @ $120.88
SHORT CALL
$130 Jun '26 · $7.52/sh
Net Cost
$11,336
Max Profit
+$1,664
Break-even
$113.36
Projected P&L at Target
+$1,664
(14.7%)
P&L at Expiry
P&L Scenarios
What happens at different MANH prices by expiry:
| MANH Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $97 (-20%) | -$1,781 | -$1,714 | -$1,672 | -$1,666 |
| $103 (-15%) | -$1,267 | -$1,166 | -$1,084 | -$1,061 |
| $109 (-10%) | -$795 | -$657 | -$521 | -$457 |
| $115 (-5%) | -$371 | -$198 | -$4 | +$148 |
| $118 (-2%) | -$142 | +$49 | +$275 | +$510 |
| $121 (0%) ← now | +$0 | +$201 | +$446 | +$752 |
| $123 (+2%) | +$134 | +$343 | +$604 | +$994 |
| $127 (+5%) | +$319 | +$537 | +$815 | +$1,356 |
| $130 (+8%) ← target | +$461 | +$684 | +$970 | +$1,664 |
| $133 (+10%) | +$586 | +$811 | +$1,098 | +$1,664 |
| $139 (+15%) | +$805 | +$1,027 | +$1,299 | +$1,664 |
| $145 (+20%) | +$983 | +$1,192 | +$1,434 | +$1,664 |
Why This Strategy, Why Now
- RSI at 44
- IV -25% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 40 — strong trend, stock may run past strike
- TTM Squeeze ON — breakout imminent, risky for capped strategies
Key Risks
MANH has bullish momentum (MACD). If a positive catalyst emerges (earnings beat, product launch), the stock could gap past your strike. Consider rolling the call up if MANH approaches the strike before expiry.
ADX at 40 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.
TTM Squeeze is ON — a volatility breakout may be imminent. If the breakout is to the upside, your short call will be tested quickly.