MUB Options History — February 2022

In February 2022, MUB traded between $112.29 and $113.89. ATM implied volatility averaged 5.6%, placing in the 62.0% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 2.7% (HV 20d: 2.9%). Max pain ranged from $115.00 to $115.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 6.02.

Notable Days

2022-02-18: Highest Volume — 11,087 contracts
2022-02-04: Largest IV spike — 24.1% change
2022-02-04: Highest IV Rank — 88.9%
2022-02-14: Largest Expected Move — 1.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$112.97	$112.29	$113.89	$113.57	$112.67
Max Pain	$115.00	$115.00	$115.00	$115.00	$115.00
ATM IV	5.6%	4.3%	7.2%	5.7%	4.8%
Expected Move	1.6%	1.2%	1.9%	1.6%	1.4%
HV 20d	2.9%	2.0%	3.4%	2.0%	3.1%
HV 60d	2.3%	2.0%	2.5%	2.0%	2.3%
IV Rank	62.0%	39.6%	88.9%	62.9%	47.7%
IV Percentile	92.9%	79.8%	99.6%	96.0%	84.5%
Term Structure	-0.4%	-1.0%	0.6%	-0.5%	-0.2%
VWIV	6.8%	5.1%	10.1%	10.1%	6.1%
Skew 25d	2.1%	1.6%	3.1%	3.1%	2.9%
Skew 10d	5.5%	3.9%	7.1%	6.2%	6.0%
Call IV 25d	5.1%	4.0%	5.8%	5.0%	4.7%
Put IV 25d	7.2%	6.2%	8.3%	8.1%	7.7%
Bid-Ask Spread %	91.66	48.45	104.71	90.75	102.79
Gamma HHI	0.54	0.38	0.78	0.42	0.77
Net GEX	-62.5M	-77.3M	-40.9M	-65.7M	-53.1M
Net DEX	107.0M	44.6M	169.3M	104.2M	49.1M
Net VEX	-142.3K	-187.0K	-105.3K	-184.7K	-105.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.02	0.56	16.69	6.14	7.62
Total Volume	3,527.632	433	11,087	4,143	1,190
Total OI	25,725.368	13,274	32,464	28,839	13,970

Daily Data (19 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
2022-02-01	$113.57	$115.00	5.7%	1.6%	2.0%	62.9%	10.1%	3.1%	-0.5%	-65.7M	104.2M	-184.7K	6.14	90.75	580	3,563	1,348	27,491
2022-02-02	$113.81	$115.00	5.0%	1.4%	2.3%	51.3%	9.7%	2.8%	-0.0%	-69.5M	96.1M	-149.7K	5.58	96.19	596	3,326	1,409	27,754
2022-02-03	$113.89	$115.00	5.8%	1.5%	2.3%	65.4%	7.1%	2.0%	-0.3%	-64.9M	96.2M	-165.4K	5.56	88.99	596	3,315	1,417	27,752
2022-02-04	$113.46	$115.00	7.2%	1.7%	2.5%	88.9%	5.2%	1.6%	-1.0%	-61.6M	114.6M	-187.0K	0.56	87.74	696	387	1,418	27,752
2022-02-07	$113.69	$115.00	5.8%	1.4%	2.8%	65.9%	5.1%	2.3%	-0.3%	-66.1M	97.4M	-126.8K	0.68	89.80	696	474	1,332	27,843
2022-02-08	$113.42	$115.00	6.2%	1.6%	2.8%	71.3%	6.1%	1.6%	-0.6%	-69.8M	102.5M	-109.9K	1.50	94.16	539	806	1,332	27,924
2022-02-09	$113.39	$115.00	5.7%	1.6%	2.8%	62.7%	6.2%	1.6%	-0.7%	-63.4M	111.0M	-131.6K	1.51	93.55	535	806	1,232	28,176
2022-02-10	$112.80	$115.00	6.1%	1.7%	3.2%	69.5%	6.8%	2.3%	-0.8%	-59.7M	144.3M	-176.4K	2.15	48.45	535	1,151	1,232	28,177
2022-02-11	$112.68	$115.00	5.7%	1.6%	3.1%	63.1%	6.9%	2.0%	-0.9%	-66.8M	151.1M	-174.0K	0.81	92.76	655	532	1,231	28,537
2022-02-14	$112.35	$115.00	6.7%	1.9%	3.2%	79.2%	6.4%	2.3%	-0.7%	-63.7M	168.6M	-166.0K	7.03	93.60	769	5,404	1,252	28,724
2022-02-15	$112.29	$115.00	6.4%	1.8%	3.1%	75.4%	7.6%	2.6%	-1.0%	-76.6M	169.3M	-151.5K	4.46	89.23	648	2,890	1,385	30,321
2022-02-16	$112.36	$115.00	5.1%	1.5%	3.1%	52.8%	7.0%	1.7%	0.6%	-77.3M	158.5M	-134.9K	11.78	97.19	678	7,987	1,387	30,324
2022-02-17	$112.64	$115.00	5.0%	1.4%	3.3%	50.8%	6.9%	2.5%	0.1%	-65.6M	144.7M	-154.4K	15.11	104.71	687	10,382	1,428	31,036
2022-02-18	$112.73	$115.00	6.0%	1.7%	3.4%	68.0%	7.5%	1.9%	-0.7%	-64.2M	137.3M	-136.2K	14.93	89.61	696	10,391	1,442	30,732
2022-02-22	$112.70	$115.00	5.7%	1.6%	3.4%	62.0%	7.4%	1.7%	-0.3%	-40.9M	50.0M	-122.6K	16.69	91.92	176	2,938	651	12,683
2022-02-23	$112.68	$115.00	5.4%	1.6%	3.2%	58.0%	5.7%	1.6%	-0.3%	-44.6M	47.3M	-113.0K	1.35	93.72	184	249	662	12,612
2022-02-24	$112.63	$115.00	4.6%	1.3%	3.1%	44.3%	6.2%	1.7%	-0.0%	-53.0M	44.6M	-109.1K	3.13	97.66	185	579	719	12,631
2022-02-25	$112.61	$115.00	4.3%	1.2%	3.1%	39.6%	5.9%	1.7%	-0.5%	-60.3M	46.2M	-105.4K	7.72	98.71	138	1,066	721	12,745
2022-02-28	$112.67	$115.00	4.8%	1.4%	3.1%	47.7%	6.1%	2.9%	-0.2%	-53.1M	49.1M	-105.3K	7.62	102.79	138	1,052	711	13,259