MUB Options History — July 2014

In July 2014, MUB traded between $107.85 and $109.19. ATM implied volatility averaged 4.0%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 1.4%. IV traded above realized volatility by 1.1% (HV 20d: 2.9%). Max pain ranged from $109.00 to $115.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 93.42.

Notable Days

  • 2014-07-07: Highest Volume — 4,542 contracts
  • 2014-07-02: Largest IV spike — 28.6% change
  • 2014-07-31: Highest IV Rank — 36.1%
  • 2014-07-31: Largest Expected Move — 1.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.50$107.85$109.19$108.38$108.89
Max Pain$111.00$109.00$115.00$109.00$111.00
ATM IV4.0%2.5%5.0%2.5%5.0%
Expected Move1.4%1.0%1.7%1.5%1.7%
HV 20d2.9%2.4%3.2%2.8%2.4%
HV 60d2.6%2.5%2.8%2.6%2.8%
IV Rank23.6%6.7%36.1%6.7%36.1%
IV Percentile21.3%1.2%43.3%1.2%43.3%
Term Structure0.7%-0.2%1.7%1.7%-0.2%
VWIV5.2%2.1%7.8%4.2%7.5%
Skew 25d2.0%-0.1%6.7%3.2%1.5%
Skew 10d3.6%0.2%10.1%9.0%2.8%
Call IV 25d3.1%1.5%4.2%1.5%4.2%
Put IV 25d5.1%2.7%9.8%4.7%5.8%
Bid-Ask Spread %52.2928.6374.1950.5143.73
Gamma HHI0.550.390.850.630.72
Net GEX-27.8M-38.6M-18.7M-20.2M-29.4M
Net DEX40.6M22.2M61.2M35.2M25.4M
Net VEX-138.7K-199.4K-83.8K-130.9K-105.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio93.420.86411.913.920.86
Total Volume576.364224,54247184
Total OI17,886.13613,95719,59714,04619,597

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-07-01$108.38$109.002.5%1.5%2.8%6.7%4.2%3.2%1.7%-20.2M35.2M-130.9K0.0050.510471,38212,664
2014-07-02$107.90$109.003.2%1.5%3.2%12.7%3.7%-0.1%0.6%-18.7M45.6M-159.5K3.9254.432469641,38212,707
2014-07-03$107.93$109.003.4%1.4%3.1%14.3%6.4%6.7%-0.1%-20.6M45.8M-142.0K220.8028.6351,1041,38312,574
2014-07-07$107.85$109.004.3%1.4%3.1%21.8%3.4%1.9%0.6%-19.1M48.4M-141.8K411.9161.77114,5311,38713,497
2014-07-08$108.01$109.004.0%1.5%3.2%19.8%0.0%2.6%0.6%-28.6M61.2M-199.4K35.4351.27217441,39017,057
2014-07-09$108.04$109.003.9%1.4%3.0%18.8%5.4%3.1%1.0%-35.3M60.5M-187.4K187.6752.2135631,40817,639
2014-07-10$108.18$109.004.3%1.5%3.0%24.4%0.0%2.1%0.6%-36.7M52.1M-150.9K21.5052.04102151,41117,617
2014-07-11$108.14$109.004.3%1.5%3.0%25.1%7.8%1.6%0.8%-35.1M57.2M-189.8K0.0053.190221,41117,518
2014-07-14$108.05$109.004.2%1.4%3.0%25.3%0.0%2.1%0.8%-37.8M60.0M-177.1K0.0046.750601,41117,510
2014-07-15$108.20$109.004.6%1.5%3.0%28.9%3.5%1.9%0.4%-38.6M50.0M-134.6K3.1845.48722291,41117,520
2014-07-16$108.46$109.004.6%1.5%3.1%30.6%2.1%0.5%0.6%-33.2M46.9M-176.4K12.0055.54111321,48217,674
2014-07-17$108.65$109.004.2%1.4%3.0%26.6%5.3%1.1%1.2%-29.1M34.1M-123.8K332.0071.9413321,48117,216
2014-07-18$108.63$115.003.9%1.0%2.9%23.7%6.0%1.6%1.6%-29.1M43.0M-179.0K34.6955.05165551,47917,267
2014-07-21$108.77$115.004.2%1.3%2.9%26.6%4.9%2.0%0.8%-24.1M33.2M-129.6K0.0057.3901061,48816,344
2014-07-22$108.88$115.004.1%1.5%2.9%25.9%5.9%2.0%0.6%-23.4M31.3M-117.4K0.0052.9302441,48816,375
2014-07-23$109.04$115.003.8%1.5%2.9%22.3%5.3%2.0%1.0%-24.1M25.6M-107.6K14.6774.19121761,48716,527
2014-07-24$108.86$115.004.0%1.4%2.7%24.6%5.7%2.4%0.6%-24.1M32.1M-114.7K96.8349.6365811,48916,676
2014-07-25$109.07$115.003.9%1.5%2.7%24.2%5.5%1.4%0.4%-24.2M30.0M-115.1K26.2553.3482101,49517,126
2014-07-28$109.11$111.004.1%1.5%2.6%25.9%5.4%1.7%0.7%-25.2M27.0M-94.8K0.0044.8905771,44517,151
2014-07-29$109.19$111.004.5%1.5%2.6%30.0%5.4%1.8%0.5%-19.4M26.2M-89.8K4.5045.2710451,44017,502
2014-07-30$108.75$111.004.0%1.1%2.9%25.3%5.3%0.9%0.3%-36.5M22.2M-83.8K88.5750.2776201,44017,547
2014-07-31$108.89$111.005.0%1.7%2.4%36.1%7.5%1.5%-0.2%-29.4M25.4M-105.1K0.8643.7399851,44018,157