MUB Options History — August 2020

In August 2020, MUB traded between $115.72 and $117.24. ATM implied volatility averaged 5.3%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 3.6% (HV 20d: 1.7%). Max pain ranged from $116.00 to $117.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 10.48.

Notable Days

2020-08-27: Highest Volume — 1,487 contracts
2020-08-27: Largest IV spike — 60.0% change
2020-08-14: Highest IV Rank — 11.1%
2020-08-14: Largest Expected Move — 1.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.61	$115.72	$117.24	$116.74	$115.97
Max Pain	$116.71	$116.00	$117.00	$116.00	$116.00
ATM IV	5.3%	3.3%	6.5%	5.7%	4.8%
Expected Move	1.6%	0.9%	1.9%	1.6%	1.4%
HV 20d	1.7%	1.3%	2.3%	1.4%	2.3%
HV 60d	2.1%	1.9%	2.2%	2.2%	2.0%
IV Rank	8.2%	3.7%	11.1%	9.2%	7.2%
IV Percentile	62.2%	35.7%	72.6%	67.1%	57.5%
Term Structure	0.6%	0.1%	1.5%	0.4%	1.4%
VWIV	5.7%	3.5%	7.9%	5.8%	6.5%
Skew 25d	2.0%	0.9%	3.0%	2.2%	2.2%
Skew 10d	5.7%	1.6%	16.2%	4.6%	1.6%
Call IV 25d	4.8%	2.5%	6.1%	4.5%	3.9%
Put IV 25d	6.8%	5.0%	8.5%	6.7%	6.0%
Bid-Ask Spread %	97.88	57.74	116.89	88.90	107.63
Gamma HHI	0.36	0.12	0.78	0.35	0.31
Net GEX	-6.0M	-24.9M	-62.5K	-6.1M	-3.1M
Net DEX	5.1M	-459.7K	11.6M	6.1M	8.3M
Net VEX	-59.6K	-73.1K	-35.6K	-71.8K	-59.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.48	0.00	73.35	1.83	44.00
Total Volume	207.952	1	1,487	85	45
Total OI	12,391.857	7,701	14,525	13,639	9,152

Daily Data (21 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
2020-08-03	$116.74	$116.00	5.7%	1.6%	1.4%	9.2%	5.8%	2.2%	0.4%	-6.1M	6.1M	-71.8K	1.83	88.90	30	55	3,313	10,326
2020-08-04	$116.85	$116.00	5.4%	1.5%	1.4%	8.4%	5.3%	1.1%	0.5%	-6.0M	5.1M	-71.2K	0.15	100.33	108	16	3,290	10,361
2020-08-05	$116.94	$116.00	5.5%	1.6%	1.3%	8.7%	0.0%	0.9%	0.3%	-4.9M	2.6M	-67.7K	0.00	104.53	0	1	3,394	10,367
2020-08-06	$117.16	$117.00	5.0%	1.6%	1.4%	7.5%	6.0%	2.2%	0.5%	-4.0M	-459.7K	-69.2K	0.53	86.86	172	91	3,384	10,388
2020-08-07	$117.17	$117.00	5.0%	1.7%	1.4%	7.6%	0.0%	2.6%	0.5%	-4.3M	423.3K	-63.3K	0.54	90.24	110	59	3,329	10,472
2020-08-10	$117.24	$117.00	5.0%	1.6%	1.4%	7.5%	6.6%	1.9%	0.5%	-3.4M	631.3K	-57.0K	6.00	94.63	40	240	3,272	10,481
2020-08-11	$117.17	$117.00	5.1%	1.7%	1.3%	7.8%	6.0%	1.9%	0.3%	-5.0M	2.9M	-56.8K	5.60	73.63	10	56	3,272	10,608
2020-08-12	$116.99	$117.00	6.0%	1.7%	1.5%	9.8%	7.9%	2.3%	0.7%	-5.6M	6.2M	-72.1K	0.76	98.89	97	74	3,276	10,661
2020-08-13	$116.89	$117.00	6.4%	1.8%	1.5%	10.8%	6.5%	2.6%	0.2%	-5.8M	6.1M	-73.1K	0.80	86.43	101	81	3,360	10,696
2020-08-14	$116.84	$117.00	6.5%	1.9%	1.5%	11.1%	6.6%	2.2%	0.3%	-5.3M	4.4M	-66.6K	4.06	94.36	31	126	3,450	10,742
2020-08-17	$116.74	$117.00	6.4%	1.8%	1.5%	10.8%	0.0%	2.7%	0.1%	-6.5M	6.9M	-71.0K	0.00	101.76	53	0	3,481	10,830
2020-08-18	$116.80	$117.00	6.1%	1.8%	1.5%	10.1%	7.9%	1.9%	0.4%	-7.8M	3.6M	-57.9K	59.00	57.74	2	118	3,489	10,830
2020-08-19	$116.48	$117.00	6.2%	1.8%	1.7%	10.3%	5.2%	2.0%	0.7%	-11.3M	7.3M	-67.8K	0.21	109.97	192	40	3,490	10,943
2020-08-20	$116.20	$117.00	5.5%	1.6%	1.9%	8.7%	5.6%	2.0%	0.5%	-17.3M	11.6M	-55.7K	6.44	107.34	18	116	3,582	10,943
2020-08-21	$116.24	$117.00	4.7%	1.3%	1.9%	6.8%	4.5%	1.4%	0.4%	-24.9M	5.6M	-46.3K	2.63	116.89	63	166	3,583	10,938
2020-08-24	$116.40	$117.00	4.4%	1.3%	2.0%	6.2%	4.4%	1.7%	0.7%	-62.5K	3.2M	-41.7K	1.21	88.44	160	193	2,728	4,973
2020-08-25	$116.25	$117.00	3.9%	1.1%	2.0%	5.1%	3.7%	3.0%	0.7%	-99.0K	4.7M	-35.6K	1.38	113.63	47	65	2,845	5,004
2020-08-26	$116.09	$117.00	3.3%	0.9%	2.0%	3.7%	3.5%	1.3%	1.2%	-316.6K	5.2M	-36.3K	0.20	108.11	64	13	2,889	4,995
2020-08-27	$115.72	$116.00	5.3%	1.5%	2.2%	8.2%	5.3%	1.8%	1.5%	-1.0M	6.2M	-50.2K	73.35	114.37	20	1,467	2,946	5,001
2020-08-28	$115.88	$116.00	4.6%	1.3%	2.3%	6.7%	5.2%	2.1%	1.5%	-2.9M	9.3M	-60.9K	0.80	110.89	15	12	2,953	6,192
2020-08-31	$115.97	$116.00	4.8%	1.4%	2.3%	7.2%	6.5%	2.2%	1.4%	-3.1M	8.3M	-59.8K	44.00	107.63	1	44	2,959	6,193