MUB Options History — July 2020

In July 2020, MUB traded between $115.26 and $116.88. ATM implied volatility averaged 4.7%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 3.1% (HV 20d: 1.6%). Max pain ranged from $115.00 to $116.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 22.42.

Notable Days

  • 2020-07-15: Highest Volume — 4,043 contracts
  • 2020-07-28: Largest IV spike — 98.1% change
  • 2020-07-28: Highest IV Rank — 15.3%
  • 2020-07-28: Largest Expected Move — 2.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.08$115.26$116.88$115.26$116.88
Max Pain$115.14$115.00$116.00$115.00$116.00
ATM IV4.7%3.3%8.4%5.4%5.3%
Expected Move1.5%1.2%2.4%1.5%1.5%
HV 20d1.6%1.2%2.0%2.0%1.2%
HV 60d2.8%2.3%3.7%3.7%2.3%
IV Rank6.9%3.7%15.3%8.4%8.3%
IV Percentile63.0%40.9%77.4%66.3%64.7%
Term Structure0.6%-1.9%1.6%0.7%0.1%
VWIV5.7%3.8%7.4%5.2%5.6%
Skew 25d1.6%0.6%2.7%1.6%2.4%
Skew 10d6.8%0.9%18.3%0.9%18.3%
Call IV 25d4.8%3.5%7.6%4.5%4.1%
Put IV 25d6.4%5.0%10.0%6.1%6.5%
Bid-Ask Spread %95.9262.62122.4484.65105.82
Gamma HHI0.270.090.560.250.45
Net GEX195.8K-7.9M4.8M-2.2M-6.3M
Net DEX-2.2M-6.8M5.2M-2.6M1.9M
Net VEX-62.8K-86.7K-48.2K-70.4K-67.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio22.420.04266.500.380.62
Total Volume607.273194,043145115
Total OI12,515.40910,78413,76512,58613,765

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-07-01$115.26$115.005.4%1.5%2.0%8.4%5.2%1.6%0.7%-2.2M-2.6M-70.4K0.3884.65105403,6658,921
2020-07-02$115.44$115.004.8%1.4%2.0%7.1%3.8%1.6%1.3%1.9M-4.6M-66.2K4.71122.4417803,7668,931
2020-07-06$115.42$115.004.7%1.8%2.0%6.9%7.4%1.8%1.2%-1.4M-1.1M-75.0K0.49103.302,1001,0243,6409,008
2020-07-07$115.44$115.004.0%1.7%1.9%5.3%5.7%1.8%1.0%1.6M-3.9M-58.9K4.25102.058343,6469,009
2020-07-08$115.44$115.003.8%1.6%1.7%4.9%6.3%1.6%1.3%1.5M-4.6M-57.1K0.0099.420193,6469,032
2020-07-09$115.53$115.003.3%1.7%1.7%3.7%7.2%2.0%0.9%1.3M-3.4M-62.0K266.5095.2225333,6469,042
2020-07-10$115.62$115.003.5%1.6%1.7%4.2%5.8%1.4%1.4%1.1M-2.4M-58.9K0.0481.174923,6489,471
2020-07-13$115.60$115.004.1%1.7%1.6%5.5%6.9%1.3%0.9%2.5M-3.4M-54.1K3.95101.2122873,6399,471
2020-07-14$115.91$115.004.6%1.6%1.8%6.6%5.4%1.1%1.0%4.8M-6.0M-48.2K1.31100.76911193,6609,573
2020-07-15$115.92$115.005.1%1.5%1.6%7.7%5.7%1.5%1.6%2.7M-4.7M-60.4K0.6478.592,4621,5813,6189,717
2020-07-16$116.08$115.005.4%1.5%1.6%8.4%5.9%1.2%0.6%4.6M-6.5M-51.6K1.3083.3320263,5979,793
2020-07-17$116.13$115.004.6%1.3%1.6%6.7%4.6%0.6%0.9%3.0M-6.8M-57.0K0.9877.212362323,5969,809
2020-07-20$116.33$115.004.5%1.3%1.7%6.4%5.2%1.1%0.2%1.6M-5.0M-49.1K25.90111.30307773,3537,431
2020-07-21$116.31$115.004.7%1.3%1.6%6.9%5.3%1.3%-0.2%1.1M-2.0M-54.8K0.88103.9149433,3297,887
2020-07-22$116.48$115.004.5%1.3%1.6%6.5%5.4%1.5%-0.0%859.6K-1.9M-56.4K1.82103.9544803,3487,908
2020-07-23$116.58$115.004.0%1.2%1.5%5.4%5.4%2.7%0.4%509.6K339.4K-65.8K2.2779.9515343,3537,976
2020-07-24$116.62$115.004.2%1.2%1.4%5.8%4.7%1.4%0.6%443.5K-500.7K-64.8K0.9462.6217163,3667,982
2020-07-27$116.56$115.004.3%1.2%1.5%5.9%5.6%1.9%0.2%186.2K124.6K-64.5K3.13108.3731973,3797,995
2020-07-28$116.59$115.008.4%2.4%1.5%15.3%7.4%2.4%-1.9%235.0K-1.1M-79.9K149.56113.01182,6923,4097,945
2020-07-29$116.73$116.005.4%1.5%1.5%8.5%6.2%2.1%0.3%-7.9M5.2M-86.7K1.12102.7141463,41310,285
2020-07-30$116.80$116.004.9%1.4%1.3%7.3%5.1%1.9%0.9%-7.8M3.4M-71.5K0.0789.30306203,38610,285
2020-07-31$116.88$116.005.3%1.5%1.2%8.3%5.6%2.4%0.1%-6.3M1.9M-67.4K0.62105.8271443,47110,294