MUB Options History — June 2019

In June 2019, MUB traded between $112.56 and $113.10. ATM implied volatility averaged 3.3%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 1.0%. IV traded above realized volatility by 1.5% (HV 20d: 1.8%). Max pain ranged from $111.00 to $112.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 6.11.

Notable Days

2019-06-03: Highest Volume — 107 contracts
2019-06-10: Largest IV drop — 21.2% change
2019-06-18: Highest IV Rank — 55.3%
2019-06-18: Largest Expected Move — 1.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$112.84	$112.56	$113.10	$112.84	$113.02
Max Pain	$111.85	$111.00	$112.00	$111.00	$112.00
ATM IV	3.3%	2.6%	4.0%	3.6%	3.4%
Expected Move	1.0%	0.8%	1.1%	1.0%	1.0%
HV 20d	1.8%	1.6%	2.1%	1.6%	1.8%
HV 60d	2.0%	1.7%	2.1%	2.0%	1.7%
IV Rank	39.4%	22.7%	55.3%	46.4%	40.0%
IV Percentile	39.5%	10.7%	79.0%	51.6%	38.5%
Term Structure	0.1%	-0.7%	0.5%	-0.0%	-0.2%
VWIV	3.4%	2.5%	4.1%	3.6%	3.3%
Skew 25d	0.0%	-0.7%	0.7%	-0.4%	-0.2%
Skew 10d	0.4%	-0.1%	0.9%	0.1%	0.5%
Call IV 25d	2.9%	2.4%	3.8%	3.4%	3.0%
Put IV 25d	3.0%	2.3%	3.9%	3.0%	2.7%
Bid-Ask Spread %	93.31	79.57	120.01	100.64	92.24
Gamma HHI	0.26	0.18	0.47	0.23	0.33
Net GEX	-356.7K	-556.7K	-107.0K	-107.0K	-521.4K
Net DEX	410.8K	-178.3K	894.3K	83.9K	894.3K
Net VEX	-8.0K	-10.4K	-5.5K	-8.5K	-8.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.11	0.05	26.00	14.29	10.33
Total Volume	38	5	107	107	68
Total OI	607.7	537	655	537	596

Daily Data (20 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
2019-06-03	$112.84	$111.00	3.6%	1.0%	1.6%	46.4%	3.6%	-0.4%	-0.0%	-107.0K	83.9K	-8.5K	14.29	100.64	7	100	109	428
2019-06-04	$112.77	$111.00	3.7%	1.1%	1.6%	48.1%	4.0%	-0.6%	-0.7%	-403.5K	685.4K	-10.4K	1.33	114.00	3	4	116	531
2019-06-05	$112.69	$111.00	3.6%	1.0%	1.7%	45.7%	3.7%	-0.3%	-0.2%	-345.5K	359.4K	-9.0K	0.22	99.76	18	4	121	532
2019-06-06	$112.56	$112.00	3.2%	1.1%	1.8%	35.4%	3.9%	0.2%	0.3%	-356.1K	470.7K	-9.7K	0.21	79.57	19	4	123	532
2019-06-07	$112.90	$112.00	3.4%	1.0%	1.9%	39.7%	3.8%	0.7%	0.3%	-418.9K	274.1K	-9.6K	4.62	88.02	13	60	123	532
2019-06-10	$112.72	$112.00	2.6%	1.0%	2.1%	22.7%	3.5%	0.2%	0.0%	-343.4K	284.9K	-7.7K	26.00	93.05	1	26	107	504
2019-06-11	$112.69	$112.00	3.1%	1.0%	1.9%	33.3%	3.3%	0.3%	0.2%	-357.6K	354.7K	-7.7K	8.00	92.75	1	8	107	491
2019-06-12	$112.72	$112.00	3.6%	1.0%	1.9%	45.0%	3.3%	0.0%	0.1%	-349.4K	363.1K	-7.9K	23.00	96.97	1	23	107	490
2019-06-13	$112.77	$112.00	3.7%	1.1%	1.8%	47.9%	3.5%	0.1%	0.3%	-350.3K	391.0K	-8.0K	0.88	86.98	26	23	107	490
2019-06-14	$112.77	$112.00	3.5%	1.0%	1.8%	44.2%	3.5%	0.1%	0.3%	-280.1K	208.2K	-7.9K	0.88	89.39	26	23	132	490
2019-06-17	$112.77	$112.00	3.6%	1.0%	1.8%	45.8%	0.0%	0.1%	0.1%	-392.9K	443.1K	-9.0K	1.50	85.42	2	3	132	490
2019-06-18	$112.87	$112.00	4.0%	1.1%	1.8%	55.3%	0.0%	0.6%	-0.1%	-210.7K	-178.3K	-5.5K	1.50	85.30	2	3	134	490
2019-06-19	$112.88	$112.00	3.7%	1.1%	1.8%	47.5%	0.0%	0.7%	0.5%	-193.3K	156.2K	-7.1K	1.50	120.01	2	3	134	490
2019-06-20	$112.98	$112.00	3.1%	0.9%	1.8%	34.8%	3.2%	-0.7%	0.0%	-261.6K	-33.6K	-6.8K	0.05	105.78	57	3	134	490
2019-06-21	$112.84	$112.00	3.1%	0.9%	1.8%	33.0%	4.1%	0.6%	0.2%	-278.0K	229.7K	-6.4K	0.05	82.38	60	3	109	490
2019-06-24	$113.01	$112.00	3.0%	0.9%	1.9%	32.4%	0.0%	-0.2%	0.3%	-552.7K	857.0K	-7.8K	3.75	85.89	4	15	63	487
2019-06-25	$112.98	$112.00	3.0%	0.9%	1.9%	31.0%	0.0%	-0.0%	0.4%	-423.1K	798.5K	-7.2K	8.00	85.93	4	32	64	502
2019-06-26	$112.92	$112.00	2.9%	0.8%	1.9%	29.6%	2.5%	-0.3%	0.1%	-556.7K	873.9K	-8.0K	7.50	98.21	6	45	66	519
2019-06-27	$113.10	$112.00	3.0%	0.9%	2.0%	30.6%	2.5%	-0.2%	0.4%	-431.8K	700.0K	-7.2K	8.67	83.93	6	52	66	526
2019-06-28	$113.02	$112.00	3.4%	1.0%	1.8%	40.0%	3.3%	-0.2%	-0.2%	-521.4K	894.3K	-8.1K	10.33	92.24	6	62	67	529