MUB Options History — November 2019

In November 2019, MUB traded between $113.20 and $114.08. ATM implied volatility averaged 2.8%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 0.8%. IV traded above realized volatility by 0.3% (HV 20d: 2.4%). Max pain ranged from $114.00 to $114.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 10.99.

Notable Days

2019-11-08: Highest Volume — 100 contracts
2019-11-07: Largest IV spike — 58.8% change
2019-11-14: Highest IV Rank — 48.4%
2019-11-07: Largest Expected Move — 1.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$113.69	$113.20	$114.08	$113.92	$114.08
Max Pain	$114.00	$114.00	$114.00	$114.00	$114.00
ATM IV	2.8%	1.7%	3.6%	2.5%	2.3%
Expected Move	0.8%	0.6%	1.1%	0.7%	0.7%
HV 20d	2.4%	2.1%	2.7%	2.7%	2.1%
HV 60d	2.7%	2.6%	2.8%	2.8%	2.6%
IV Rank	27.8%	0.0%	48.4%	10.5%	17.2%
IV Percentile	19.7%	0.0%	65.5%	4.4%	2.8%
Term Structure	-0.0%	-0.5%	0.5%	0.5%	0.2%
VWIV	3.1%	1.9%	3.8%	2.6%	1.9%
Skew 25d	1.7%	-0.5%	7.7%	0.1%	7.4%
Skew 10d	4.8%	-0.0%	11.8%	0.1%	11.8%
Call IV 25d	2.9%	2.4%	3.4%	2.5%	2.6%
Put IV 25d	4.5%	2.0%	10.1%	2.6%	10.0%
Bid-Ask Spread %	104.84	83.22	122.21	108.83	100.90
Gamma HHI	0.56	0.40	0.68	0.44	0.40
Net GEX	-2.4M	-4.5M	-935.8K	-2.1M	-1.0M
Net DEX	2.1M	908.3K	3.6M	1.1M	908.3K
Net VEX	-8.9K	-10.2K	-7.3K	-7.8K	-7.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.99	0.00	48.00	1.67	0.83
Total Volume	18.5	0	100	1	0
Total OI	911.1	637	1,177	1,048	724

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
2019-11-01	$113.92	$114.00	2.5%	0.7%	2.7%	10.5%	2.6%	0.1%	0.5%	-2.1M	1.1M	-7.8K	0.00	108.83	0	1	101	947
2019-11-04	$113.80	$114.00	2.5%	0.9%	2.7%	11.5%	3.3%	0.6%	-0.2%	-2.2M	1.8M	-8.6K	1.67	89.87	3	5	68	947
2019-11-05	$113.61	$114.00	1.7%	0.9%	2.4%	0.0%	3.3%	1.8%	-0.2%	-2.5M	2.1M	-8.4K	0.00	98.54	0	24	69	949
2019-11-06	$113.64	$114.00	2.3%	0.9%	2.4%	13.0%	0.0%	1.0%	-0.0%	-2.5M	2.1M	-8.6K	0.00	102.35	0	0	69	948
2019-11-07	$113.28	$114.00	3.6%	1.1%	2.6%	45.1%	3.8%	0.8%	-0.4%	-3.3M	3.2M	-9.1K	48.00	108.54	1	48	69	948
2019-11-08	$113.20	$114.00	2.9%	1.0%	2.4%	28.4%	3.7%	0.6%	-0.3%	-3.5M	3.4M	-10.2K	0.00	83.22	0	100	70	985
2019-11-11	$113.26	$114.00	3.5%	1.0%	2.3%	42.9%	0.0%	1.0%	-0.2%	-4.1M	3.6M	-9.8K	0.00	100.66	3	0	70	1,069
2019-11-12	$113.30	$114.00	3.6%	1.0%	2.3%	46.3%	3.3%	-0.2%	-0.5%	-4.5M	3.3M	-9.0K	0.00	92.82	0	51	73	1,079
2019-11-13	$113.45	$114.00	3.0%	0.9%	2.4%	31.2%	2.8%	1.5%	0.5%	-3.7M	3.3M	-9.9K	1.27	119.60	11	14	73	1,093
2019-11-14	$113.63	$114.00	3.3%	1.0%	2.4%	48.4%	3.3%	0.6%	-0.1%	-3.4M	2.5M	-9.3K	6.00	121.08	1	6	78	1,099
2019-11-15	$113.62	$114.00	3.0%	0.8%	2.4%	37.6%	0.0%	0.4%	0.1%	-3.6M	2.7M	-9.0K	0.00	105.35	0	6	79	1,084
2019-11-18	$113.62	$114.00	3.1%	0.9%	2.3%	42.5%	0.0%	0.2%	-0.1%	-2.0M	1.6M	-8.6K	30.00	117.64	1	30	64	573
2019-11-19	$113.66	$114.00	2.9%	0.8%	2.3%	36.8%	0.0%	0.0%	-0.2%	-1.8M	1.8M	-9.4K	0.00	104.06	0	0	67	603
2019-11-20	$113.94	$114.00	2.6%	0.7%	2.4%	26.8%	2.7%	5.1%	0.2%	-1.4M	1.6M	-8.6K	0.13	113.55	8	1	67	603
2019-11-21	$113.81	$114.00	2.6%	0.8%	2.5%	27.7%	0.0%	0.1%	-0.1%	-1.4M	1.8M	-9.4K	0.00	106.29	0	44	75	604
2019-11-22	$113.88	$114.00	3.0%	0.9%	2.5%	38.9%	0.0%	-0.0%	-0.2%	-1.4M	1.8M	-9.7K	0.00	98.82	0	1	75	643
2019-11-25	$113.97	$114.00	2.4%	0.7%	2.5%	21.5%	0.0%	5.1%	0.0%	-1.5M	1.6M	-9.1K	0.00	103.39	0	0	75	644
2019-11-26	$114.06	$114.00	2.2%	0.6%	2.5%	14.3%	0.0%	7.7%	0.2%	-935.8K	943.9K	-7.7K	0.00	122.21	0	0	75	644
2019-11-27	$114.06	$114.00	2.2%	0.6%	2.4%	14.6%	1.9%	-0.5%	0.2%	-2.0M	1.0M	-7.5K	0.83	99.05	6	5	75	644
2019-11-29	$114.08	$114.00	2.3%	0.7%	2.1%	17.2%	0.0%	7.4%	0.2%	-1.0M	908.3K	-7.3K	0.00	100.90	0	0	77	647