MUB Options History — November 2018

In November 2018, MUB traded between $106.47 and $108.06. ATM implied volatility averaged 4.5%, placing in the 66.0% IV rank vs the trailing year. The 30-day expected move averaged 1.3%. IV traded above realized volatility by 2.5% (HV 20d: 2.0%). Max pain ranged from $106.00 to $108.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 10.51.

Notable Days

  • 2018-11-16: Highest Volume — 1,900 contracts
  • 2018-11-12: Largest IV spike — 43.3% change
  • 2018-11-13: Highest IV Rank — 97.2%
  • 2018-11-20: Largest Expected Move — 1.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.20$106.47$108.06$106.81$108.06
Max Pain$106.90$106.00$108.00$108.00$107.00
ATM IV4.5%3.5%5.9%4.0%3.6%
Expected Move1.3%1.0%1.4%1.2%1.0%
HV 20d2.0%1.7%2.2%1.7%1.8%
HV 60d2.1%1.9%2.1%1.9%2.1%
IV Rank66.0%41.2%97.2%54.7%44.9%
IV Percentile81.5%40.5%99.6%79.4%48.4%
Term Structure-0.6%-2.9%1.8%-0.4%-1.1%
VWIV4.8%4.0%6.5%5.4%6.1%
Skew 25d1.4%-0.3%2.2%1.5%-0.2%
Skew 10d1.2%-0.1%4.5%2.8%3.1%
Call IV 25d3.0%2.2%4.0%3.7%3.5%
Put IV 25d4.4%3.3%5.2%5.2%3.3%
Bid-Ask Spread %70.0348.01118.88118.88112.22
Gamma HHI0.350.250.500.330.27
Net GEX-6.0M-8.8M-3.1M-7.0M-3.6M
Net DEX22.6M11.8M33.1M24.5M11.8M
Net VEX-71.2K-84.6K-56.3K-84.6K-70.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.513.1628.7728.773.18
Total Volume1,435.9528691,9001,429882
Total OI4,722.7623,8005,4905,1983,871

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$106.81$108.004.0%1.2%1.7%54.7%5.4%1.5%-0.4%-7.0M24.5M-84.6K28.77118.88481,3815584,640
2018-11-02$106.55$108.003.8%1.1%1.8%49.8%4.8%1.2%-0.4%-6.6M26.3M-83.8K26.9254.36521,4005654,640
2018-11-05$106.55$108.005.3%1.2%1.8%84.7%5.6%1.6%-0.4%-6.9M32.1M-65.0K17.7386.19831,4725764,763
2018-11-06$106.47$108.005.3%1.4%1.8%84.2%4.7%1.2%-0.1%-7.4M33.1M-63.2K18.2158.22811,4756044,767
2018-11-07$106.74$108.003.5%1.3%2.1%42.6%4.4%1.8%-0.3%-7.3M31.7M-66.2K7.8966.881881,4846054,767
2018-11-08$106.73$106.003.5%1.3%2.0%41.2%4.7%1.6%-1.1%-7.1M26.9M-80.4K7.89109.081881,4846204,767
2018-11-09$106.94$106.004.0%1.3%2.1%52.6%4.4%-0.3%-2.7%-6.8M23.9M-84.1K7.1654.792081,4906204,767
2018-11-12$107.03$106.005.7%1.3%2.2%92.3%4.7%1.8%-2.9%-7.3M24.4M-80.7K10.0148.011491,4916414,808
2018-11-13$107.07$106.005.9%1.3%2.2%97.2%4.7%1.7%-2.6%-7.7M24.2M-79.3K10.3852.131491,5466424,806
2018-11-14$107.15$106.004.7%1.4%2.2%71.0%4.2%1.7%-0.1%-8.8M28.0M-69.0K10.3851.111491,5466424,824
2018-11-15$107.16$106.004.7%1.3%2.2%68.9%4.4%1.6%-0.0%-8.7M28.5M-62.4K10.7453.871491,6006424,824
2018-11-16$107.34$106.004.8%1.4%2.2%72.7%4.0%2.0%-0.6%-7.8M26.5M-56.3K11.7549.241491,7516424,848
2018-11-19$107.40$107.004.8%1.4%2.2%73.3%4.1%1.1%-0.6%-4.9M19.8M-63.0K8.4453.771351,1404063,394
2018-11-20$107.47$107.005.0%1.4%2.1%77.6%4.4%1.8%-0.5%-4.5M19.5M-67.3K8.39102.661371,1494133,411
2018-11-21$107.51$107.004.0%1.1%2.1%53.4%4.5%1.7%0.3%-4.1M14.5M-75.4K8.3960.311371,1494133,411
2018-11-23$107.58$107.004.6%1.3%2.1%68.7%4.9%0.4%-0.7%-4.0M14.7M-73.6K8.3957.181371,1494133,411
2018-11-26$107.49$107.004.8%1.4%2.1%72.8%5.1%2.2%-0.5%-4.7M19.5M-62.6K4.3457.932229644133,411
2018-11-27$107.59$107.004.0%1.2%2.1%54.2%4.3%1.3%-0.2%-3.3M13.7M-73.7K4.3449.992229644663,411
2018-11-28$107.69$107.004.2%1.2%2.1%57.3%5.5%1.8%0.9%-4.8M18.2M-62.4K4.3459.772229644673,411
2018-11-29$107.87$107.004.8%1.4%2.1%72.1%6.5%1.3%1.8%-3.1M12.6M-72.8K3.16114.072096604673,411
2018-11-30$108.06$107.003.6%1.0%1.8%44.9%6.1%-0.2%-1.1%-3.6M11.8M-70.5K3.18112.222116714603,411