MUB Options History — March 2019

In March 2019, MUB traded between $109.56 and $111.35. ATM implied volatility averaged 3.4%, placing in the 41.1% IV rank vs the trailing year. The 30-day expected move averaged 1.0%. IV traded above realized volatility by 1.3% (HV 20d: 2.1%). Max pain ranged from $107.00 to $110.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 5.20.

Notable Days

  • 2019-03-22: Highest Volume — 165 contracts
  • 2019-03-21: Largest IV drop — 36.6% change
  • 2019-03-28: Highest IV Rank — 66.0%
  • 2019-03-25: Largest Expected Move — 1.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$110.36$109.56$111.35$109.56$111.17
Max Pain$109.57$107.00$110.00$107.00$110.00
ATM IV3.4%2.5%4.5%3.1%3.7%
Expected Move1.0%0.8%1.2%0.9%1.1%
HV 20d2.1%2.0%2.4%2.3%2.0%
HV 60d2.0%1.9%2.1%2.0%2.1%
IV Rank41.1%19.7%66.0%32.1%48.6%
IV Percentile38.0%6.0%90.5%19.8%52.8%
Term Structure-0.1%-1.9%1.1%1.1%-0.1%
VWIV3.9%2.3%8.9%8.9%3.1%
Skew 25d0.4%-1.1%1.3%0.3%-0.3%
Skew 10d1.1%-0.7%8.1%0.7%0.1%
Call IV 25d2.7%1.9%4.3%2.5%3.1%
Put IV 25d3.1%2.1%3.9%2.8%2.9%
Bid-Ask Spread %102.1578.08130.18107.2597.20
Gamma HHI0.310.150.440.220.33
Net GEX-85.7K-315.4K318.6K-315.4K318.6K
Net DEX-7.8K-1.3M762.0K449.8K-1.2M
Net VEX-6.4K-8.4K-3.4K-7.2K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.200.0032.000.200.54
Total Volume38.04801659194
Total OI903.0958311,0408591,029

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$109.56$107.003.1%0.9%2.3%32.1%8.9%0.3%1.1%-315.4K449.8K-7.2K0.20107.257615113746
2019-03-04$109.65$109.003.0%0.9%2.0%30.7%0.0%1.0%-1.4%-219.3K291.9K-7.1K0.00111.70010125746
2019-03-05$109.67$109.003.2%0.9%2.0%35.2%0.0%-0.2%0.3%-218.6K762.0K-8.4K0.00119.64013125756
2019-03-06$109.77$109.003.0%0.9%2.0%31.8%0.0%1.0%-1.9%-227.8K494.8K-8.3K0.00121.63011125759
2019-03-07$110.05$109.002.6%0.8%2.2%22.7%0.0%0.7%-0.4%-137.2K439.0K-7.6K11.00130.04111125760
2019-03-08$110.03$109.002.8%0.8%2.0%27.5%0.0%0.7%0.1%-159.5K509.9K-7.7K1.83130.18611126760
2019-03-11$109.99$110.003.8%1.1%2.0%50.2%0.0%-0.5%-0.2%-143.5K541.6K-7.8K0.0091.2300126760
2019-03-12$110.12$110.003.5%1.0%2.0%43.4%3.4%0.6%-0.0%-108.7K390.4K-7.0K5.0098.62210126760
2019-03-13$110.12$110.003.4%1.1%2.0%41.0%3.5%1.1%0.2%-132.6K430.4K-7.1K6.5098.74213128763
2019-03-14$110.02$110.003.5%1.1%2.1%42.1%2.3%-0.7%-0.1%-145.6K336.1K-6.9K7.00109.11214128766
2019-03-15$110.19$110.003.4%1.1%2.0%41.0%3.6%1.0%0.3%-248.2K410.9K-6.7K7.0096.91214128767
2019-03-18$110.17$110.003.6%1.1%2.0%45.8%0.0%1.0%-0.2%-290.6K393.5K-6.7K0.00102.2902076755
2019-03-19$110.23$110.003.8%1.1%2.0%49.6%0.0%1.1%-0.1%-293.7K519.7K-7.3K0.0091.9802076775
2019-03-20$110.42$110.004.0%1.1%2.1%54.3%3.9%0.9%0.0%-122.8K-50.0K-4.4K4.00119.9572876775
2019-03-21$110.51$110.002.5%0.9%2.0%19.7%3.8%1.3%0.0%-18.1K-314.8K-3.4K32.0084.4313281782
2019-03-22$110.97$110.003.0%1.1%2.4%31.4%4.5%-0.8%0.1%-99.6K-297.9K-3.6K0.2497.381333282786
2019-03-25$111.05$110.003.7%1.2%2.4%48.9%0.0%0.7%0.4%33.6K-864.5K-5.7K0.0080.37100169786
2019-03-26$111.16$110.003.7%1.1%2.3%47.6%0.0%-0.6%0.1%169.7K-951.2K-5.4K1.8096.961018179786
2019-03-27$111.27$110.003.9%1.1%2.1%52.9%3.1%-1.1%0.0%258.1K-1.2M-4.9K0.4078.087028190804
2019-03-28$111.35$109.004.5%1.1%2.1%66.0%3.1%0.3%-0.7%301.8K-1.3M-5.6K0.5181.425528228812
2019-03-29$111.17$110.003.7%1.1%2.0%48.6%3.1%-0.3%-0.1%318.6K-1.2M-4.9K0.5497.206133217812