MUB Options History — April 2011

Name: MUB Options Analytics - April 2011
Creator: Options Analysis Suite

In April 2011, MUB traded between $99.20 and $101.89. ATM implied volatility averaged 5.6%. The 30-day expected move averaged 1.8%. IV traded above realized volatility by 2.2% (HV 20d: 3.4%). Max pain ranged from $100.00 to $100.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 32.28.

Notable Days

2011-04-19: Highest Volume — 716 contracts
2011-04-14: Largest IV spike — 51.3% change
2011-04-04: Largest Expected Move — 2.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$100.36	$99.20	$101.89	$99.68	$101.89
Max Pain	$100.00	$100.00	$100.00	$100.00	$100.00
ATM IV	5.6%	4.6%	7.1%	5.2%	5.6%
Expected Move	1.8%	1.3%	2.3%	1.5%	1.6%
HV 20d	3.4%	2.8%	3.9%	3.9%	3.2%
HV 60d	6.5%	5.6%	7.5%	7.4%	5.6%
Term Structure	2.0%	0.6%	3.5%	2.3%	1.6%
VWIV	6.8%	4.5%	8.6%	5.4%	4.5%
Skew 25d	2.5%	0.6%	3.9%	1.9%	0.6%
Skew 10d	3.6%	0.2%	7.1%	4.1%	5.8%
Call IV 25d	4.4%	2.8%	6.2%	4.8%	3.7%
Put IV 25d	6.9%	4.3%	9.0%	6.8%	4.3%
Bid-Ask Spread %	73.77	53.85	89.00	53.85	67.03
Gamma HHI	0.24	0.13	0.37	0.20	0.13
Net GEX	-1.6M	-3.4M	-216.9K	-2.0M	-1.3M
Net DEX	5.4M	1.3M	10.3M	6.3M	2.9M
Net VEX	-31.4K	-47.3K	-18.0K	-31.6K	-29.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	32.28	0.82	302.00	6.38	8.97
Total Volume	190.8	1	716	295	349
Total OI	4,771.95	4,027	5,192	4,911	4,273

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2011-04-01	$99.68	$100.00	5.2%	1.5%	3.9%	0.0%	5.4%	1.9%	2.3%	-2.0M	6.3M	-31.6K	6.38	53.85	40	255	608	4,303
2011-04-04	$99.60	$100.00	6.5%	2.3%	3.1%	0.0%	7.4%	3.9%	2.0%	-1.7M	7.7M	-38.6K	2.22	82.26	79	175	624	4,426
2011-04-05	$99.60	$100.00	6.0%	2.2%	2.8%	0.0%	8.6%	3.3%	2.3%	-1.9M	6.8M	-32.6K	0.00	84.76	0	1	666	4,427
2011-04-06	$99.20	$100.00	7.1%	2.3%	3.0%	0.0%	8.4%	2.0%	2.2%	-3.4M	9.4M	-43.9K	66.00	84.15	2	132	666	4,401
2011-04-07	$99.72	$100.00	4.9%	2.0%	3.6%	0.0%	8.5%	3.4%	3.5%	-1.9M	6.7M	-32.6K	0.00	85.74	0	28	666	4,482
2011-04-08	$99.54	$100.00	5.4%	2.0%	3.6%	0.0%	8.3%	3.2%	3.5%	-3.0M	7.4M	-34.0K	4.36	89.00	11	48	666	4,484
2011-04-11	$99.62	$100.00	6.2%	1.9%	3.6%	0.0%	7.4%	2.4%	2.4%	-2.9M	10.3M	-47.3K	1.06	86.28	31	33	676	4,516
2011-04-12	$99.79	$100.00	5.0%	1.9%	3.6%	0.0%	7.8%	2.0%	2.8%	-2.1M	6.4M	-29.6K	21.00	78.15	1	21	646	4,527
2011-04-13	$99.79	$100.00	4.7%	2.1%	3.3%	0.0%	7.7%	2.8%	1.4%	-3.4M	7.8M	-40.8K	3.78	75.39	9	34	645	4,518
2011-04-14	$99.94	$100.00	7.1%	2.0%	3.3%	0.0%	7.8%	2.9%	2.0%	-2.8M	8.7M	-41.6K	108.00	73.04	1	108	643	4,538
2011-04-15	$100.38	$100.00	6.0%	1.7%	3.7%	0.0%	5.9%	2.8%	2.9%	-582.6K	4.0M	-27.6K	4.21	88.57	28	118	644	4,465
2011-04-18	$100.52	$100.00	5.4%	1.5%	3.7%	0.0%	6.9%	3.3%	2.5%	-661.0K	3.4M	-23.0K	6.07	58.84	27	164	458	4,217
2011-04-19	$100.75	$100.00	5.7%	1.6%	3.5%	0.0%	6.0%	2.5%	0.9%	-475.4K	3.1M	-21.8K	31.55	68.93	22	694	459	4,255
2011-04-20	$100.80	$100.00	5.8%	1.7%	3.5%	0.0%	6.0%	2.7%	1.3%	-1.3M	4.2M	-27.0K	8.97	70.78	60	538	481	3,844
2011-04-21	$100.90	$100.00	5.4%	1.6%	3.4%	0.0%	5.8%	2.5%	1.2%	-753.3K	3.6M	-28.8K	2.28	72.93	88	201	513	3,912
2011-04-25	$101.08	$100.00	4.9%	1.4%	3.4%	0.0%	5.1%	0.8%	1.0%	-216.9K	1.3M	-18.0K	302.00	76.05	1	302	595	3,432
2011-04-26	$101.30	$100.00	4.7%	1.3%	3.5%	0.0%	5.1%	2.3%	1.3%	-855.8K	3.3M	-32.2K	1.25	66.16	16	20	596	3,659
2011-04-27	$101.44	$100.00	5.9%	1.7%	3.3%	0.0%	6.4%	2.3%	0.6%	-872.9K	2.4M	-26.3K	2.20	55.35	15	33	590	3,663
2011-04-28	$101.69	$100.00	4.6%	1.3%	3.3%	0.0%	6.0%	2.9%	2.2%	-552.4K	1.5M	-21.9K	0.82	58.16	72	59	590	3,665
2011-04-29	$101.89	$100.00	5.6%	1.6%	3.2%	0.0%	4.5%	0.6%	1.6%	-1.3M	2.9M	-29.5K	8.97	67.03	35	314	565	3,708