MUB Options History — January 2011

In January 2011, MUB traded between $96.26 and $99.86. ATM implied volatility averaged 9.8%. The 30-day expected move averaged 2.9%. IV traded below realized volatility by 0.3% (HV 20d: 10.1%). Max pain ranged from $97.00 to $100.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 10.49.

Notable Days

  • 2011-01-20: Highest Volume — 3,383 contracts
  • 2011-01-13: Largest IV spike — 60.5% change
  • 2011-01-20: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.64$96.26$99.86$99.57$99.00
Max Pain$99.00$97.00$100.00$99.00$100.00
ATM IV9.8%6.7%13.9%7.5%10.1%
Expected Move2.9%1.9%4.0%2.2%2.9%
HV 20d10.1%8.4%12.2%12.2%9.4%
HV 60d20.0%19.0%20.8%20.8%19.0%
Term Structure1.8%0.8%3.2%1.0%1.6%
VWIV10.6%6.2%13.5%8.3%9.2%
Skew 25d3.2%1.3%5.7%2.6%1.3%
Skew 10d6.3%0.8%10.1%2.0%5.8%
Call IV 25d8.3%5.4%10.7%6.4%9.8%
Put IV 25d11.5%8.3%15.4%8.9%11.1%
Bid-Ask Spread %75.8261.56131.8990.1967.31
Gamma HHI0.370.230.570.250.26
Net GEX-3.6M-10.4M106.1K-47.7K-9.2M
Net DEX10.1M-242.6K26.8M-6.7K20.1M
Net VEX-39.4K-84.2K-3.2K-3.2K-64.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.490.8055.000.802.12
Total Volume693.553,38336153
Total OI4,393.853219,3393219,190

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-01-03$99.57$99.007.5%2.2%12.2%0.0%8.3%2.6%1.0%-47.7K-6.7K-3.2K0.8090.192016116205
2011-01-04$99.86$99.006.7%1.9%12.1%0.0%6.8%2.9%1.6%106.1K-242.6K-3.2K10.2588.26882131202
2011-01-05$99.41$99.007.7%2.2%12.0%0.0%6.2%1.6%2.2%-101.5K263.4K-4.1K2.0778.622960134274
2011-01-06$99.13$99.008.0%2.3%11.5%0.0%9.7%1.8%1.3%-97.6K614.4K-5.1K0.0088.380281163322
2011-01-07$99.22$99.008.3%2.7%10.6%0.0%9.3%5.3%2.1%-409.9K1.5M-8.4K55.0075.31155163597
2011-01-10$99.06$99.009.3%2.9%10.5%0.0%10.4%3.8%2.0%-538.5K1.9M-8.5K0.0071.95016164641
2011-01-11$99.05$99.008.4%2.8%10.5%0.0%12.7%2.9%1.9%-598.5K1.9M-8.1K0.0072.6305164646
2011-01-12$98.44$99.007.2%2.6%10.7%0.0%9.5%3.1%2.4%-698.9K2.5M-7.9K3.4882.67160557164649
2011-01-13$97.31$99.0011.6%3.3%9.6%0.0%12.1%0.0%3.2%-868.1K5.0M-13.9K29.35131.89461,3501731,112
2011-01-14$96.26$98.0013.8%3.9%10.2%0.0%13.2%4.7%0.8%-2.1M11.5M-29.3K2.1971.251,0222,2432002,363
2011-01-18$97.37$97.0013.1%3.8%10.5%0.0%12.9%5.7%1.3%-2.9M13.1M-64.9K3.7171.22863191,2074,341
2011-01-19$97.53$97.0011.9%3.4%9.2%0.0%13.5%4.1%2.6%-2.9M13.2M-67.0K4.8463.13823971,1714,547
2011-01-20$97.49$97.0013.9%4.0%8.4%0.0%12.8%4.1%1.0%-3.6M15.1M-67.8K34.6168.20953,2881,2114,840
2011-01-21$98.34$100.0011.9%3.4%9.0%0.0%9.5%1.8%2.5%-7.6M26.8M-84.2K1.4466.821802601,1938,087
2011-01-24$98.83$100.0010.3%2.9%9.2%0.0%13.0%4.8%1.7%-5.3M19.6M-72.5K12.4862.28941,1731,1556,329
2011-01-25$98.72$100.0010.1%2.9%9.2%0.0%12.2%2.9%1.5%-7.5M20.3M-75.5K2.8962.78732111,1987,383
2011-01-26$99.45$100.009.5%2.7%9.5%0.0%11.3%3.5%1.6%-8.1M16.6M-70.0K10.3672.08889121,2627,561
2011-01-27$99.33$100.009.2%2.6%9.3%0.0%8.7%1.9%2.3%-9.1M17.7M-70.8K1.1161.5673811,2538,027
2011-01-28$99.53$100.007.9%2.3%9.3%0.0%11.0%2.7%2.5%-10.4M13.6M-58.9K1.6869.811322221,2538,086
2011-01-31$99.00$100.0010.1%2.9%9.4%0.0%9.2%1.3%1.6%-9.2M20.1M-64.5K2.1267.31491041,2557,935