MUB Options History — March 2021

In March 2021, MUB traded between $115.40 and $116.27. ATM implied volatility averaged 4.9%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 1.4%. IV traded above realized volatility by 1.5% (HV 20d: 3.4%). Max pain ranged from $116.00 to $117.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 15.32.

Notable Days

  • 2021-03-19: Highest Volume — 286 contracts
  • 2021-03-03: Largest IV spike — 50.3% change
  • 2021-03-05: Highest IV Rank — 9.5%
  • 2021-03-12: Largest Expected Move — 1.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.85$115.40$116.27$115.44$116.06
Max Pain$116.13$116.00$117.00$117.00$116.00
ATM IV4.9%3.4%6.1%5.8%3.4%
Expected Move1.4%1.0%1.7%1.7%1.0%
HV 20d3.4%2.8%3.9%3.1%2.8%
HV 60d2.5%2.2%2.7%2.2%2.7%
IV Rank7.5%3.5%9.5%8.8%5.7%
IV Percentile47.6%15.5%67.1%62.3%15.5%
Term Structure0.1%-0.4%0.6%0.0%0.4%
VWIV5.1%3.0%6.9%5.6%4.5%
Skew 25d1.3%0.1%3.0%1.8%1.8%
Skew 10d5.0%1.6%11.8%5.5%9.2%
Call IV 25d4.7%2.7%5.8%4.4%3.4%
Put IV 25d5.9%4.6%6.9%6.2%5.2%
Bid-Ask Spread %60.7425.27109.36109.3635.15
Gamma HHI0.250.220.280.250.26
Net GEX-3.9M-4.8M-2.9M-3.0M-4.2M
Net DEX8.4M6.1M11.1M9.9M7.3M
Net VEX-39.3K-43.3K-35.7K-38.6K-35.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio15.320.06102.002.4133.00
Total Volume75.04322867534
Total OI3,190.3042,8243,4702,8273,329

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$115.44$117.005.8%1.7%3.1%8.8%5.6%1.8%0.0%-3.0M9.9M-38.6K2.41109.3622536692,158
2021-03-02$115.58$117.003.5%1.0%3.2%3.5%4.9%1.3%0.5%-3.3M9.8M-39.7K2.1783.2424526832,141
2021-03-03$115.40$117.005.2%1.5%3.2%7.5%3.0%3.0%0.4%-3.5M10.1M-38.4K0.0073.70056912,187
2021-03-04$115.48$116.005.9%1.6%3.2%9.0%0.0%1.3%-0.0%-3.3M9.8M-40.8K1.52102.7221326912,192
2021-03-05$115.48$116.006.1%1.7%3.2%9.5%5.2%1.5%-0.4%-3.1M10.0M-41.6K1.7085.6423396892,165
2021-03-08$115.65$116.005.1%1.6%3.2%7.1%6.9%1.3%-0.2%-2.9M9.0M-38.7K69.0059.2542767052,150
2021-03-09$115.92$116.005.0%1.6%3.4%7.1%5.0%1.6%0.0%-3.9M8.9M-40.8K2.2781.5522507062,419
2021-03-10$116.12$116.005.3%1.5%3.5%7.7%5.7%1.3%0.2%-4.3M8.3M-43.1K58.67106.9431767282,469
2021-03-11$116.27$116.005.3%1.5%3.5%7.7%5.3%1.5%-0.3%-4.8M7.7M-41.9K3.40104.2510347312,593
2021-03-12$115.90$116.006.0%1.7%3.6%9.4%6.4%1.0%-0.4%-4.1M9.4M-43.3K4.05100.0821857352,595
2021-03-15$116.22$116.005.9%1.7%3.8%9.0%6.0%0.7%-0.3%-4.5M7.3M-36.6K0.3029.502787502,589
2021-03-16$116.22$116.005.7%1.6%3.8%8.7%0.0%1.1%-0.3%-4.2M7.0M-37.1K0.0040.650107762,583
2021-03-17$116.02$116.005.5%1.6%3.7%8.1%5.4%1.3%-0.2%-4.2M8.4M-39.6K1.6089.8430487912,593
2021-03-18$115.51$116.005.5%1.6%3.9%8.2%5.5%0.9%0.0%-4.2M11.1M-41.7K2.9237.2812358182,612
2021-03-19$115.66$116.005.6%1.6%3.9%8.3%5.5%1.4%-0.1%-4.1M10.0M-39.5K0.3933.67206808262,644
2021-03-22$115.72$116.004.1%1.2%3.5%5.4%4.8%1.2%0.1%-4.1M8.7M-40.9K1.0640.4351547162,485
2021-03-23$115.88$116.004.2%1.2%3.6%7.3%4.3%0.9%0.1%-4.2M7.4M-39.4K0.5425.271377672,518
2021-03-24$116.02$116.004.0%1.2%3.5%6.9%0.0%0.7%0.1%-4.2M6.1M-36.8K0.0029.270307802,523
2021-03-25$115.99$116.003.8%1.1%3.0%7.1%0.0%0.2%0.6%-3.9M6.4M-38.0K0.0030.40027802,512
2021-03-26$115.98$116.003.8%1.1%2.9%7.1%0.0%0.1%0.4%-4.0M6.9M-37.0K4.0035.18147802,514
2021-03-29$115.97$116.003.9%1.1%2.8%7.5%4.0%0.6%0.1%-4.8M7.7M-37.6K0.0634.691817812,508
2021-03-30$116.06$116.003.7%1.1%2.8%6.6%4.6%2.4%0.3%-4.3M7.1M-36.2K102.0028.9411027952,510
2021-03-31$116.06$116.003.4%1.0%2.8%5.7%4.5%1.8%0.4%-4.2M7.3M-35.7K33.0035.151337952,534