MUB Options History — May 2014

In May 2014, MUB traded between $107.95 and $109.19. ATM implied volatility averaged 3.5%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 1.1%. IV traded above realized volatility by 1.4% (HV 20d: 2.1%). Max pain ranged from $109.00 to $110.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 23.30.

Notable Days

  • 2014-05-15: Highest Volume — 3,973 contracts
  • 2014-05-15: Largest IV spike — 30.1% change
  • 2014-05-13: Highest IV Rank — 7.2%
  • 2014-05-05: Largest Expected Move — 1.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.66$107.95$109.19$108.05$109.08
Max Pain$109.10$109.00$110.00$110.00$109.00
ATM IV3.5%2.9%4.1%3.4%2.9%
Expected Move1.1%0.8%1.2%1.0%0.8%
HV 20d2.1%1.7%2.7%2.6%2.0%
HV 60d3.0%2.9%3.0%3.0%2.9%
IV Rank3.9%1.0%7.2%3.4%1.0%
IV Percentile3.6%0.4%7.5%2.0%0.4%
Term Structure0.6%0.1%1.2%0.9%0.3%
VWIV3.7%2.9%5.2%3.0%4.1%
Skew 25d1.9%0.0%8.7%8.7%6.5%
Skew 10d2.7%0.1%13.7%13.7%10.1%
Call IV 25d2.9%2.6%3.5%2.8%2.8%
Put IV 25d4.8%2.9%11.5%11.5%9.3%
Bid-Ask Spread %40.4514.1193.0293.0218.36
Gamma HHI0.420.200.920.200.60
Net GEX-7.1M-12.0M-3.1M-3.1M-11.1M
Net DEX17.0M789.8K32.9M9.9M23.7M
Net VEX-114.4K-183.0K-48.9K-92.7K-130.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio23.300.04166.003.570.94
Total Volume357.476293,97332035
Total OI13,997.76213,24518,07113,24513,942

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$108.05$110.003.4%1.0%2.6%3.4%0.0%8.7%0.9%-3.1M9.9M-92.7K3.5793.02702501,61211,633
2014-05-02$107.95$110.003.1%0.9%2.7%2.0%3.0%0.0%1.2%-4.0M11.7M-94.5K2.9035.3221611,66211,883
2014-05-05$108.00$109.003.3%1.2%2.5%2.9%0.0%2.0%0.5%-3.7M9.8M-76.7K0.0446.082811,68211,884
2014-05-06$108.13$109.003.2%1.2%2.5%2.7%5.2%1.4%0.6%-3.6M8.7M-76.7K1.1050.5920221,71011,883
2014-05-07$108.15$109.003.6%1.1%2.5%4.4%3.1%1.1%0.5%-3.7M9.2M-84.5K4.1047.2010411,73011,901
2014-05-08$108.40$109.003.1%1.1%2.4%2.3%3.3%1.0%0.7%-3.3M6.2M-72.5K12.5031.65121501,74011,906
2014-05-09$108.45$109.003.3%1.1%2.0%3.2%2.9%1.3%0.7%-3.5M7.9M-83.6K17.1418.32142401,75211,968
2014-05-12$108.44$109.003.6%1.2%1.8%4.8%4.2%0.9%0.5%-3.6M7.9M-78.1K62.6055.65106261,76611,823
2014-05-13$108.50$109.004.1%1.2%1.7%7.2%3.9%1.6%0.7%-5.8M12.5M-120.7K1.2748.561551971,77612,283
2014-05-14$108.81$109.003.0%1.0%1.9%1.7%0.0%1.6%1.1%-4.6M9.8M-116.9K2.5634.211203071,92312,433
2014-05-15$109.13$109.003.9%1.1%2.1%6.2%0.0%1.8%0.8%-3.4M789.8K-48.9K78.4636.71503,9231,79612,433
2014-05-16$108.98$109.003.7%1.1%1.9%5.2%3.6%1.7%0.9%-9.4M26.0M-169.8K11.7034.25101171,83616,235
2014-05-19$108.93$109.003.7%1.1%1.9%5.3%4.0%1.6%0.1%-10.4M27.8M-180.2K0.0033.190631,77111,911
2014-05-20$108.98$109.003.9%1.1%1.9%6.2%0.0%1.3%0.2%-10.4M26.3M-166.1K166.0035.8623321,77111,961
2014-05-21$108.85$109.003.6%1.0%2.0%4.8%0.0%1.2%0.2%-12.0M32.9M-183.0K7.3538.15171251,53712,204
2014-05-22$108.89$109.003.6%1.0%2.0%4.4%0.0%1.2%0.5%-11.5M29.8M-154.4K0.0086.610371,55012,329
2014-05-23$108.93$109.003.3%1.0%2.0%3.2%0.0%1.5%0.9%-11.6M26.4M-128.9K0.0035.7301431,55012,330
2014-05-27$108.95$109.003.4%1.0%2.0%3.5%4.1%0.9%0.5%-11.5M27.6M-130.9K0.0033.650351,55012,360
2014-05-28$109.15$109.003.6%1.0%2.0%4.6%0.0%1.3%0.2%-10.3M21.0M-108.4K0.5314.1187461,55012,389
2014-05-29$109.19$109.003.4%1.0%1.9%3.7%0.0%0.8%0.7%-8.3M20.8M-105.6K0.0022.1701301,56312,435
2014-05-30$109.08$109.002.9%0.8%2.0%1.0%0.0%6.5%0.3%-11.1M23.7M-130.1K0.9418.3618171,49712,445