MUB Options History — April 2022

In April 2022, MUB traded between $106.73 and $109.55. ATM implied volatility averaged 7.0%, placing in the 78.9% IV rank vs the trailing year. The 30-day expected move averaged 2.2%. IV traded above realized volatility by 3.2% (HV 20d: 3.8%). Max pain ranged from $110.00 to $115.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 2.45.

Notable Days

2022-04-28: Highest Volume — 14,702 contracts
2022-04-11: Largest IV spike — 34.5% change
2022-04-21: Highest IV Rank — 100.0%
2022-04-25: Largest Expected Move — 2.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$107.82	$106.73	$109.55	$109.37	$106.73
Max Pain	$112.70	$110.00	$115.00	$115.00	$110.00
ATM IV	7.0%	4.6%	8.8%	6.5%	8.3%
Expected Move	2.2%	1.8%	2.5%	2.0%	2.4%
HV 20d	3.8%	3.3%	4.4%	4.3%	3.3%
HV 60d	3.5%	3.4%	3.7%	3.4%	3.6%
IV Rank	78.9%	42.1%	100.0%	73.5%	93.2%
IV Percentile	93.4%	77.8%	100.0%	92.5%	99.2%
Term Structure	0.3%	-0.4%	1.0%	0.7%	0.2%
VWIV	8.3%	7.0%	9.6%	7.1%	8.8%
Skew 25d	2.6%	1.8%	3.4%	2.1%	2.6%
Skew 10d	5.9%	4.5%	7.6%	5.2%	6.4%
Call IV 25d	6.7%	5.6%	8.2%	5.6%	7.4%
Put IV 25d	9.3%	7.7%	10.7%	7.7%	10.0%
Bid-Ask Spread %	69.20	21.12	87.64	85.59	85.88
Gamma HHI	0.26	0.13	0.46	0.46	0.13
Net GEX	-895.6K	-3.1M	539.2K	-3.1M	282.8K
Net DEX	17.3M	13.4M	22.3M	15.3M	16.2M
Net VEX	-42.4K	-57.5K	-30.2K	-56.1K	-41.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.45	0.37	16.46	0.37	1.14
Total Volume	1,795	41	14,702	2,090	1,708
Total OI	5,472.15	3,998	18,808	4,312	18,808

Daily Data (20 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
2022-04-01	$109.37	$115.00	6.5%	2.0%	4.3%	73.5%	7.1%	2.1%	0.7%	-3.1M	15.3M	-56.1K	0.37	85.59	1,523	567	1,586	2,726
2022-04-04	$109.55	$115.00	5.5%	1.8%	4.4%	57.9%	7.0%	2.5%	0.5%	-2.1M	13.4M	-57.5K	0.37	86.79	1,530	568	1,936	2,726
2022-04-05	$109.25	$115.00	6.8%	2.1%	4.2%	79.1%	7.4%	2.7%	-0.2%	-1.7M	15.3M	-54.7K	2.94	25.88	193	568	1,949	2,727
2022-04-06	$108.98	$114.00	7.1%	2.1%	4.2%	84.4%	8.1%	2.7%	0.4%	-1.8M	16.9M	-51.1K	1.36	84.07	275	374	1,938	2,730
2022-04-07	$108.76	$114.00	5.2%	2.1%	4.2%	52.4%	7.1%	3.3%	0.1%	-1.4M	18.2M	-48.0K	1.30	55.62	286	373	2,021	2,743
2022-04-08	$108.58	$114.00	4.6%	2.1%	4.2%	42.1%	7.4%	2.4%	0.3%	-1.5M	18.7M	-47.3K	0.92	70.58	449	411	1,976	2,743
2022-04-11	$108.20	$114.00	6.2%	2.2%	3.8%	68.3%	7.8%	3.0%	0.1%	-1.2M	19.8M	-46.6K	0.91	31.47	454	413	2,192	2,747
2022-04-12	$108.11	$114.00	6.0%	2.2%	3.7%	65.0%	8.8%	2.8%	-0.1%	-1.3M	20.1M	-44.8K	1.07	71.01	458	488	2,200	2,757
2022-04-13	$108.22	$114.00	6.6%	1.9%	3.5%	75.6%	8.4%	2.4%	0.7%	-1.4M	21.0M	-41.5K	1.04	28.94	508	527	2,200	2,839
2022-04-14	$107.82	$114.00	6.5%	1.8%	3.3%	73.1%	8.3%	2.3%	0.8%	-1.3M	22.3M	-37.2K	1.03	86.86	498	511	2,201	2,891
2022-04-18	$107.64	$114.00	6.5%	1.9%	3.3%	73.9%	8.5%	2.7%	1.0%	-633.3K	17.4M	-31.4K	1.04	21.12	419	435	1,718	2,280
2022-04-19	$106.96	$113.00	7.4%	2.1%	3.5%	89.5%	8.3%	2.6%	0.1%	-497.7K	17.9M	-30.2K	0.81	66.74	495	402	1,766	2,289
2022-04-20	$107.25	$111.00	7.4%	2.1%	3.8%	88.5%	8.1%	2.8%	0.0%	-339.7K	16.8M	-30.6K	0.96	81.76	403	387	1,942	2,323
2022-04-21	$106.96	$111.00	8.1%	2.3%	3.8%	100.0%	8.9%	3.4%	0.0%	-69.2K	16.9M	-31.9K	0.65	85.59	617	399	1,943	2,350
2022-04-22	$106.79	$111.00	8.7%	2.5%	3.7%	100.0%	9.6%	1.8%	-0.4%	-219.5K	16.4M	-35.2K	1.08	85.83	628	681	1,946	2,387
2022-04-25	$106.87	$111.00	8.8%	2.5%	3.6%	100.0%	9.6%	2.5%	-0.1%	-403.9K	15.7M	-41.4K	1.71	79.07	673	1,151	2,171	2,674
2022-04-26	$106.86	$110.00	8.1%	2.3%	3.6%	89.0%	8.6%	2.5%	0.3%	-203.8K	16.0M	-42.6K	1.10	87.64	848	937	2,235	3,183
2022-04-27	$106.80	$110.00	7.9%	2.3%	3.6%	86.2%	9.4%	2.6%	0.6%	290.0K	16.1M	-38.5K	12.67	83.47	3	38	2,409	3,390
2022-04-28	$106.78	$110.00	7.9%	2.3%	3.4%	86.0%	8.6%	2.8%	0.5%	539.2K	16.3M	-40.7K	16.46	80.00	842	13,860	2,408	3,393
2022-04-29	$106.73	$110.00	8.3%	2.4%	3.3%	93.2%	8.8%	2.6%	0.2%	282.8K	16.2M	-41.6K	1.14	85.88	797	911	2,409	16,399