MUB Options History — April 2020

In April 2020, MUB traded between $109.92 and $113.85. ATM implied volatility averaged 18.6%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 10.5% (HV 20d: 29.2%). Max pain ranged from $111.00 to $116.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.59.

Notable Days

  • 2020-04-28: Highest Volume — 4,035 contracts
  • 2020-04-23: Largest IV spike — 89.2% change
  • 2020-04-28: Highest IV Rank — 60.4%
  • 2020-04-28: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.08$109.92$113.85$109.92$111.35
Max Pain$111.95$111.00$116.00$116.00$112.00
ATM IV18.6%12.7%28.3%23.1%22.3%
Expected Move5.3%3.6%8.1%6.6%6.4%
HV 20d29.2%6.3%42.1%42.0%6.3%
HV 60d24.2%24.0%24.3%24.0%24.3%
IV Rank38.4%25.0%60.4%48.5%46.9%
IV Percentile92.6%88.1%97.2%95.2%92.5%
Term Structure-1.1%-3.4%0.8%0.2%-2.1%
VWIV19.4%12.4%33.0%23.4%23.8%
Skew 25d6.9%2.8%14.0%7.6%9.2%
Skew 10d16.5%6.0%27.8%24.1%21.2%
Call IV 25d16.0%12.0%22.9%20.0%18.5%
Put IV 25d22.9%15.0%35.5%27.6%27.7%
Bid-Ask Spread %76.8965.0997.9385.1871.63
Gamma HHI0.150.100.210.140.10
Net GEX-1.3M-2.3M-192.8K-1.4M-192.8K
Net DEX13.7M3.0M29.7M25.7M4.8M
Net VEX-73.4K-161.0K-48.3K-76.9K-156.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.590.204.941.461.53
Total Volume566.524564,0351,153147
Total OI7,633.814,64010,1957,84210,195

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$109.92$116.0023.1%6.6%42.0%48.5%23.4%7.6%0.2%-1.4M25.7M-76.9K1.4685.184686852,0235,819
2020-04-02$110.16$112.0022.8%6.2%42.0%47.9%23.7%8.5%-3.4%-1.7M27.3M-82.3K0.3265.0953171,9896,377
2020-04-03$110.15$112.0020.4%5.8%42.0%42.5%19.9%7.7%-1.7%-1.5M29.7M-74.0K4.3668.20361571,9536,379
2020-04-06$111.33$112.0017.8%4.9%42.1%36.5%15.2%6.7%-0.4%-1.9M24.7M-68.4K0.9768.8897941,9436,405
2020-04-07$112.06$112.0016.5%4.5%42.0%33.6%15.3%6.2%0.2%-2.0M22.7M-67.1K0.6072.3135211,9496,472
2020-04-08$112.34$112.0014.5%4.2%41.8%29.2%17.3%6.1%-0.1%-1.8M22.2M-64.2K0.2072.86171351,9546,473
2020-04-09$113.03$111.0014.9%4.3%37.9%30.0%17.1%4.2%-2.6%-2.3M16.7M-67.6K0.6270.773211982,0856,492
2020-04-13$113.03$111.0014.8%4.2%37.6%29.7%14.5%5.8%-1.5%-2.0M17.5M-63.2K0.4173.45109452,2286,501
2020-04-14$113.29$111.0014.4%4.1%37.5%28.9%14.5%3.2%-2.2%-2.1M14.2M-58.2K0.3273.93152482,2816,511
2020-04-15$113.85$111.0013.4%3.8%37.6%26.5%15.4%3.7%-1.2%-1.5M12.8M-50.7K1.9079.6642802,2616,547
2020-04-16$113.66$111.0013.0%3.7%28.4%25.7%14.5%3.6%-1.2%-423.0K14.3M-49.4K0.9786.0271692,2176,598
2020-04-17$113.53$112.0012.9%3.7%26.0%25.6%13.0%2.8%-1.4%-2.3M14.7M-49.5K1.6985.55611032,2076,609
2020-04-20$113.10$112.0014.2%4.1%25.8%28.5%14.6%3.3%-1.0%-1.0M4.3M-48.3K4.9485.31351731,1843,456
2020-04-21$112.51$112.0013.6%3.9%25.5%27.0%13.7%3.4%0.8%-1.1M5.7M-51.6K2.1385.8438811,2163,566
2020-04-22$112.33$112.0012.7%3.6%24.9%25.0%12.4%3.8%-0.9%-1.3M6.3M-49.2K3.4297.93361231,2493,597
2020-04-23$112.02$112.0024.0%6.9%19.8%50.6%24.6%13.5%-0.4%-766.6K7.8M-64.4K0.6584.907544891,2413,701
2020-04-24$111.81$112.0026.3%7.5%14.1%55.8%30.7%12.4%0.2%-589.4K5.3M-76.6K2.2170.607411,6411,7954,165
2020-04-27$111.73$112.0027.9%8.0%13.0%59.4%27.5%14.0%-2.2%-220.4K3.0M-81.1K2.5971.88822122,3953,799
2020-04-28$111.34$112.0028.3%8.1%12.9%60.4%33.0%10.5%-0.7%-291.6K3.7M-81.0K1.5870.981,5652,4702,4143,976
2020-04-29$111.24$112.0023.4%6.7%12.8%49.3%23.5%8.9%-1.6%-319.6K4.6M-161.0K0.4673.6897453,8786,210
2020-04-30$111.35$112.0022.3%6.4%6.3%46.9%23.8%9.2%-2.1%-192.8K4.8M-156.4K1.5371.6358893,9656,230