MUB Options History — February 2021

In February 2021, MUB traded between $115.24 and $117.88. ATM implied volatility averaged 3.5%, placing in the 3.6% IV rank vs the trailing year. The 30-day expected move averaged 1.0%. IV traded above realized volatility by 1.8% (HV 20d: 1.8%). Max pain ranged from $117.00 to $120.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 22.12.

Notable Days

  • 2021-02-26: Highest Volume — 410 contracts
  • 2021-02-10: Largest IV spike — 67.7% change
  • 2021-02-25: Highest IV Rank — 8.6%
  • 2021-02-25: Largest Expected Move — 1.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.03$115.24$117.88$117.51$115.55
Max Pain$117.47$117.00$120.00$120.00$117.00
ATM IV3.5%1.9%5.7%2.4%4.6%
Expected Move1.0%0.6%1.6%0.7%1.3%
HV 20d1.8%1.1%3.1%1.5%3.1%
HV 60d1.6%1.4%2.3%1.9%2.3%
IV Rank3.6%0.0%8.6%0.8%6.1%
IV Percentile23.9%0.0%61.5%2.4%43.3%
Term Structure0.3%-0.6%0.9%0.7%-0.6%
VWIV3.9%2.5%5.0%2.5%3.9%
Skew 25d1.0%-0.1%2.7%1.1%1.3%
Skew 10d4.4%0.6%21.7%2.0%4.7%
Call IV 25d3.4%2.5%5.6%2.5%4.9%
Put IV 25d4.4%3.4%6.6%3.6%6.3%
Bid-Ask Spread %76.7222.25112.92102.91112.92
Gamma HHI0.330.240.410.380.31
Net GEX-3.0M-7.2M-764.9K-2.1M-3.4M
Net DEX5.5M2.5M10.6M2.7M9.7M
Net VEX-29.9K-37.2K-22.9K-24.7K-35.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio22.120.28105.003.4626.33
Total Volume131.57910410125410
Total OI3,655.2112,7484,2443,6452,885

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-02-01$117.51$120.002.4%0.7%1.5%0.8%2.5%1.1%0.7%-2.1M2.7M-24.7K3.46102.9128976872,958
2021-02-02$117.49$120.002.9%0.8%1.5%2.0%3.4%1.0%0.6%-1.9M2.9M-22.9K6.3322.383196922,966
2021-02-03$117.46$120.002.8%0.8%1.5%1.7%3.1%0.6%0.2%-2.2M2.8M-23.7K30.5022.252616942,974
2021-02-04$117.48$117.003.0%0.9%1.4%2.2%4.0%0.9%0.9%-1.6M3.3M-25.9K0.00108.0301286923,038
2021-02-05$117.58$117.002.4%0.6%1.4%0.9%3.4%1.1%0.7%-1.0M4.0M-29.0K0.0067.860106923,153
2021-02-08$117.62$117.002.6%0.8%1.3%1.3%2.9%0.6%0.4%-764.9K3.7M-28.2K20.0055.1651006903,153
2021-02-09$117.70$117.001.9%0.8%1.2%0.0%0.0%0.9%0.7%-1.0M3.2M-27.7K0.28105.83184516953,253
2021-02-10$117.85$117.003.2%0.9%1.1%3.0%3.8%1.0%0.2%-1.0M2.5M-29.8K0.9861.6948477973,303
2021-02-11$117.88$117.003.3%0.9%1.1%3.2%4.1%-0.1%0.2%-1.4M2.9M-27.7K2.00104.3110207183,311
2021-02-12$117.77$117.003.4%1.0%1.1%3.3%3.4%1.2%0.3%-2.1M2.9M-25.8K21.50103.502437173,326
2021-02-16$117.52$117.003.9%1.1%1.4%4.6%4.1%1.6%0.3%-3.6M4.0M-29.5K7.33103.54181327193,349
2021-02-17$117.24$117.004.1%1.2%1.7%4.9%3.8%1.4%0.1%-5.3M6.1M-33.2K105.0050.9911057373,478
2021-02-18$116.92$117.003.8%1.1%1.9%4.3%4.4%1.0%0.1%-6.7M8.0M-33.5K12.0058.475607363,483
2021-02-19$116.72$117.004.2%1.2%2.0%5.1%4.5%0.4%0.1%-7.2M9.6M-31.8K0.0072.8802367313,513
2021-02-22$116.12$117.004.7%1.4%2.7%6.4%5.0%2.7%0.3%-3.3M7.5M-33.8K8.6746.166526232,125
2021-02-23$116.08$117.004.1%1.2%2.6%4.9%3.8%1.4%0.3%-4.6M8.6M-34.6K83.0055.1921666252,157
2021-02-24$115.77$117.004.4%1.3%2.5%5.6%4.3%0.9%0.2%-4.0M9.2M-32.8K22.50107.78102256252,220
2021-02-25$115.24$117.005.7%1.6%2.8%8.6%5.0%1.1%0.3%-3.1M10.6M-37.2K3.9895.80431716352,299
2021-02-26$115.55$117.004.6%1.3%3.1%6.1%3.9%1.3%-0.6%-3.4M9.7M-35.2K26.33112.92153956582,227