MUB Options History — June 2018

In June 2018, MUB traded between $108.63 and $109.09. ATM implied volatility averaged 3.8%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 1.1%. IV traded above realized volatility by 1.2% (HV 20d: 2.7%). Max pain ranged from $108.00 to $108.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 4.06.

Notable Days

2018-06-25: Highest Volume — 651 contracts
2018-06-12: Largest IV drop — 31.1% change
2018-06-11: Highest IV Rank — 90.2%
2018-06-08: Largest Expected Move — 1.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$108.85	$108.63	$109.09	$108.69	$109.04
Max Pain	$108.00	$108.00	$108.00	$108.00	$108.00
ATM IV	3.8%	3.4%	5.6%	3.7%	3.4%
Expected Move	1.1%	1.0%	1.1%	1.1%	1.0%
HV 20d	2.7%	1.6%	3.0%	2.8%	1.6%
HV 60d	2.4%	2.3%	2.5%	2.4%	2.3%
IV Rank	43.2%	32.4%	90.2%	39.3%	32.4%
IV Percentile	60.8%	29.4%	99.2%	57.5%	29.4%
Term Structure	0.2%	-0.1%	0.5%	0.0%	0.3%
VWIV	4.1%	3.6%	4.5%	4.5%	3.6%
Skew 25d	1.5%	0.9%	2.0%	1.5%	1.5%
Skew 10d	2.3%	1.0%	3.6%	1.0%	1.2%
Call IV 25d	2.9%	2.3%	3.5%	3.3%	2.6%
Put IV 25d	4.4%	3.7%	4.9%	4.8%	4.0%
Bid-Ask Spread %	30.38	12.56	114.06	27.29	27.27
Gamma HHI	0.50	0.40	0.61	0.47	0.52
Net GEX	-2.2M	-3.0M	-1.6M	-1.6M	-2.9M
Net DEX	6.6M	5.2M	8.9M	5.2M	7.9M
Net VEX	-33.7K	-40.3K	-30.7K	-33.6K	-30.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.06	1.71	7.24	2.54	5.54
Total Volume	527.524	365	651	365	549
Total OI	2,030.19	1,809	2,439	1,860	2,439

Daily Data (21 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
2018-06-01	$108.69	$108.00	3.7%	1.1%	2.8%	39.3%	4.5%	1.5%	0.0%	-1.6M	5.2M	-33.6K	2.54	27.29	103	262	318	1,542
2018-06-04	$108.63	$108.00	3.8%	1.0%	2.8%	40.8%	3.9%	1.1%	0.2%	-1.9M	5.6M	-32.1K	1.80	55.51	174	314	254	1,555
2018-06-05	$108.84	$108.00	4.1%	1.1%	2.9%	50.7%	4.0%	2.0%	0.1%	-1.8M	5.6M	-32.4K	1.80	33.47	174	314	254	1,591
2018-06-06	$108.66	$108.00	3.8%	1.0%	2.9%	41.9%	4.0%	1.9%	0.3%	-1.8M	6.0M	-32.1K	1.80	31.87	174	314	254	1,591
2018-06-07	$108.78	$108.00	3.8%	1.1%	3.0%	41.6%	4.2%	1.9%	0.1%	-1.9M	5.6M	-32.3K	1.80	20.09	174	314	252	1,596
2018-06-08	$108.85	$108.00	4.4%	1.1%	2.9%	57.8%	4.3%	1.1%	0.1%	-1.9M	5.8M	-33.1K	1.78	16.08	188	334	252	1,626
2018-06-11	$108.74	$108.00	5.6%	1.1%	3.0%	90.2%	4.2%	1.4%	0.3%	-1.8M	6.0M	-32.5K	1.78	14.41	188	334	272	1,626
2018-06-12	$108.79	$108.00	3.9%	1.1%	2.9%	43.8%	4.4%	1.9%	0.1%	-1.8M	5.8M	-32.6K	1.82	18.57	184	334	272	1,626
2018-06-13	$108.66	$108.00	3.7%	1.1%	2.8%	40.4%	4.0%	1.4%	0.1%	-1.8M	6.2M	-31.3K	1.71	58.21	184	315	273	1,626
2018-06-14	$108.80	$108.00	3.6%	1.0%	2.8%	36.0%	4.1%	2.0%	0.2%	-1.7M	5.8M	-31.8K	3.15	12.56	107	337	269	1,627
2018-06-15	$108.81	$108.00	3.6%	1.0%	2.8%	37.5%	4.2%	2.0%	0.2%	-1.7M	5.7M	-31.9K	3.33	21.65	106	353	275	1,650
2018-06-18	$108.81	$108.00	3.6%	1.0%	2.8%	38.0%	4.0%	1.4%	0.1%	-2.0M	6.3M	-31.4K	5.93	20.14	83	492	230	1,625
2018-06-19	$108.98	$108.00	3.8%	1.1%	2.8%	41.3%	4.4%	1.8%	0.1%	-2.3M	6.8M	-35.9K	6.06	19.92	83	503	233	1,788
2018-06-20	$108.88	$108.00	3.8%	1.1%	2.9%	41.1%	4.2%	0.9%	0.0%	-2.3M	7.0M	-35.4K	6.17	14.76	81	500	233	1,804
2018-06-21	$108.98	$108.00	3.7%	1.1%	2.8%	38.5%	4.4%	1.9%	0.4%	-2.4M	7.2M	-38.9K	6.38	114.06	80	510	234	1,901
2018-06-22	$108.94	$108.00	3.7%	1.1%	2.7%	39.1%	4.1%	1.4%	-0.1%	-2.4M	7.4M	-37.8K	5.89	18.21	79	465	237	1,911
2018-06-25	$108.93	$108.00	3.7%	1.1%	2.7%	38.9%	4.3%	1.6%	0.5%	-2.6M	7.9M	-40.3K	7.24	67.28	79	572	239	1,998
2018-06-26	$108.93	$108.00	3.5%	1.0%	2.3%	33.7%	4.1%	1.1%	0.1%	-3.0M	8.9M	-38.5K	6.46	15.49	79	510	199	2,154
2018-06-27	$109.09	$108.00	3.8%	1.1%	2.2%	43.1%	3.8%	1.2%	0.2%	-2.8M	8.1M	-31.6K	6.24	15.80	79	493	199	2,217
2018-06-28	$109.00	$108.00	3.8%	1.1%	2.2%	40.6%	3.8%	1.3%	0.1%	-2.8M	8.6M	-30.9K	6.09	15.29	79	481	171	2,221
2018-06-29	$109.04	$108.00	3.4%	1.0%	1.6%	32.4%	3.6%	1.5%	0.3%	-2.9M	7.9M	-30.7K	5.54	27.27	84	465	218	2,221