MUB Options History — March 2022

In March 2022, MUB traded between $109.28 and $113.01. ATM implied volatility averaged 6.7%, placing in the 77.3% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 3.0% (HV 20d: 3.7%). Max pain ranged from $114.00 to $116.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 12.83.

Notable Days

  • 2022-03-10: Highest Volume — 4,530 contracts
  • 2022-03-30: Largest IV drop — 18.6% change
  • 2022-03-07: Highest IV Rank — 100.0%
  • 2022-03-08: Largest Expected Move — 2.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$110.89$109.28$113.01$113.01$109.67
Max Pain$115.13$114.00$116.00$115.00$115.00
ATM IV6.7%4.7%8.1%6.7%4.9%
Expected Move2.0%1.8%2.4%1.9%1.8%
HV 20d3.7%2.9%4.3%3.3%4.2%
HV 60d2.9%2.4%3.3%2.4%3.3%
IV Rank77.3%43.3%100.0%79.8%46.9%
IV Percentile94.3%81.0%100.0%98.8%82.1%
Term Structure0.3%-0.9%1.8%-0.9%1.4%
VWIV7.5%6.1%8.7%8.4%6.8%
Skew 25d2.1%1.3%3.2%2.6%2.1%
Skew 10d5.6%2.0%9.2%9.1%9.2%
Call IV 25d6.0%4.4%7.2%5.7%4.4%
Put IV 25d8.2%6.5%9.7%8.3%6.5%
Bid-Ask Spread %85.3828.28109.6996.5984.06
Gamma HHI0.610.360.840.640.67
Net GEX-21.8M-47.8M-3.8M-33.3M-4.8M
Net DEX56.1M15.7M123.1M41.1M17.8M
Net VEX-68.9K-116.7K-30.4K-106.2K-33.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.830.4842.224.980.48
Total Volume1,740.2175914,5308551,763
Total OI9,549.4352,99914,05513,9743,242

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$113.01$115.006.7%1.9%3.3%79.8%8.4%2.6%-0.9%-33.3M41.1M-106.2K4.9896.5914371271113,263
2022-03-02$112.73$115.006.9%2.0%3.4%83.7%8.4%1.5%-0.3%-31.7M51.3M-116.7K5.3597.0313371271813,257
2022-03-03$112.61$115.006.9%2.0%3.3%83.0%8.7%1.7%-0.3%-33.5M53.2M-114.1K5.4299.2113372172313,257
2022-03-04$112.58$115.007.7%2.2%3.2%96.9%8.4%1.9%-0.5%-30.7M56.2M-116.1K3.87109.6913552372413,267
2022-03-07$112.31$115.008.1%2.3%3.1%100.0%8.0%2.2%-0.3%-37.8M60.2M-106.7K14.5497.141001,45472613,277
2022-03-08$111.80$115.007.7%2.4%3.3%93.5%8.0%2.6%-0.2%-33.8M74.2M-102.9K23.6798.761162,74673312,754
2022-03-09$111.85$114.006.8%2.1%3.2%79.4%7.1%1.8%0.1%-37.3M68.6M-91.4K34.19100.651083,69275912,115
2022-03-10$111.63$114.007.5%2.2%3.3%91.0%7.7%2.4%0.0%-34.3M70.8M-98.5K39.09102.671134,41778011,986
2022-03-11$111.36$114.007.3%2.2%2.9%87.9%6.1%2.2%0.1%-40.5M87.0M-103.4K42.22102.731044,39179713,029
2022-03-14$110.60$116.007.3%2.1%3.6%86.5%7.8%2.2%0.1%-26.1M113.0M-73.4K14.0973.441041,46579713,030
2022-03-15$110.29$116.007.3%2.1%3.6%87.0%7.6%2.0%0.0%-17.9M123.1M-64.5K10.6273.661261,33879813,257
2022-03-16$110.62$116.007.0%2.0%3.9%83.0%7.7%2.8%-0.3%-26.7M114.6M-70.8K17.3486.371352,34181813,207
2022-03-17$110.88$115.006.7%2.0%4.0%76.4%7.5%2.1%0.3%-33.3M106.7M-53.1K16.6974.641362,27083512,424
2022-03-18$110.85$116.006.3%2.0%3.8%71.4%7.4%2.1%0.5%-47.8M108.5M-46.8K16.6676.011362,26684012,460
2022-03-21$110.28$116.006.5%2.1%4.1%73.6%7.5%2.1%1.0%-4.5M17.1M-44.1K11.3073.411281,4463902,862
2022-03-22$110.03$116.006.1%2.0%4.1%66.6%7.1%2.1%0.9%-4.3M18.2M-43.5K7.9473.381259924372,895
2022-03-23$110.11$115.006.3%2.0%4.1%70.5%7.5%2.5%1.0%-4.0M15.7M-36.4K2.9977.201484434612,538
2022-03-24$109.84$115.006.9%1.8%4.1%79.9%6.3%3.2%-0.5%-4.3M17.0M-36.0K6.7291.851399344822,557
2022-03-25$109.35$115.006.2%2.1%4.3%69.0%7.0%1.3%1.2%-3.8M18.4M-32.6K5.9680.701529064822,527
2022-03-28$109.28$115.006.1%2.1%4.2%66.8%7.1%1.8%1.3%-3.8M19.0M-30.4K3.4982.251465104952,558
2022-03-29$109.29$115.005.7%2.0%3.9%60.9%6.9%1.7%1.2%-4.0M19.2M-30.7K3.6983.981505545002,654
2022-03-30$109.52$115.004.7%1.9%4.1%43.3%7.0%2.2%1.8%-4.4M18.4M-32.6K3.7628.281515685042,711
2022-03-31$109.67$115.004.9%1.8%4.2%46.9%6.8%2.1%1.4%-4.8M17.8M-33.1K0.4884.061,1955685162,726