MUB Options History — May 2022

In May 2022, MUB traded between $104.74 and $108.33. ATM implied volatility averaged 6.5%, placing in the 65.2% IV rank vs the trailing year. The 30-day expected move averaged 1.9%. IV traded above realized volatility by 2.8% (HV 20d: 3.6%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.37.

Notable Days

2022-05-25: Highest Volume — 13,601 contracts
2022-05-11: Largest IV spike — 26.7% change
2022-05-11: Highest IV Rank — 84.8%
2022-05-11: Largest Expected Move — 2.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$106.09	$104.74	$108.33	$106.40	$108.16
Max Pain	$105.90	$105.00	$110.00	$110.00	$105.00
ATM IV	6.5%	5.4%	7.8%	7.7%	6.2%
Expected Move	1.9%	1.6%	2.2%	2.2%	1.8%
HV 20d	3.6%	2.4%	5.6%	3.3%	5.5%
HV 60d	3.8%	3.4%	4.7%	3.6%	4.7%
IV Rank	65.2%	49.7%	84.8%	83.3%	60.9%
IV Percentile	84.0%	73.0%	96.4%	95.6%	79.8%
Term Structure	0.4%	-0.1%	1.8%	-0.0%	0.1%
VWIV	7.4%	5.8%	8.7%	8.0%	8.6%
Skew 25d	2.0%	0.8%	3.0%	2.6%	1.1%
Skew 10d	4.6%	2.4%	6.6%	6.6%	4.3%
Call IV 25d	6.4%	4.7%	7.2%	6.5%	6.2%
Put IV 25d	8.4%	6.6%	9.9%	9.0%	7.3%
Bid-Ask Spread %	85.50	71.55	105.09	90.10	101.24
Gamma HHI	0.46	0.14	0.78	0.14	0.77
Net GEX	2.3M	-7.9M	37.8M	491.5K	37.8M
Net DEX	10.5M	-75.4M	42.4M	18.1M	-69.7M
Net VEX	-78.5K	-163.4K	-36.7K	-42.0K	-144.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.37	0.27	11.17	1.08	1.72
Total Volume	2,815.714	1,065	13,601	1,306	2,297
Total OI	19,690.81	8,520	25,116	18,957	19,228

Daily Data (21 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
2022-05-02	$106.40	$110.00	7.7%	2.2%	3.3%	83.3%	8.0%	2.6%	-0.0%	491.5K	18.1M	-42.0K	1.08	90.10	627	679	2,423	16,534
2022-05-03	$106.45	$110.00	6.7%	1.9%	3.2%	69.3%	7.4%	1.7%	0.7%	885.6K	17.6M	-40.3K	1.44	89.31	550	791	2,446	16,546
2022-05-04	$106.45	$110.00	5.9%	1.7%	3.2%	57.3%	6.1%	2.0%	1.8%	1.6M	17.1M	-36.7K	1.16	96.05	578	670	2,621	16,640
2022-05-05	$106.14	$106.00	5.9%	2.2%	3.2%	57.2%	7.4%	2.7%	0.0%	1.5M	17.2M	-38.0K	1.38	72.56	483	665	2,642	16,625
2022-05-06	$105.82	$106.00	6.1%	2.2%	3.3%	59.6%	8.2%	2.8%	-0.1%	1.2M	17.8M	-38.2K	1.62	71.55	411	665	2,648	16,625
2022-05-09	$105.73	$106.00	5.4%	2.1%	3.3%	49.7%	7.5%	2.3%	0.2%	1.2M	18.5M	-38.0K	1.58	75.03	412	653	2,667	16,633
2022-05-10	$105.56	$106.00	6.1%	2.2%	3.2%	60.6%	8.0%	3.0%	0.2%	995.5K	19.2M	-37.8K	11.17	73.78	422	4,714	2,676	16,645
2022-05-11	$105.45	$105.00	7.8%	2.2%	3.2%	84.8%	7.6%	2.8%	0.2%	-6.1M	38.2M	-90.9K	2.30	75.32	414	954	2,711	20,814
2022-05-12	$105.38	$105.00	7.5%	2.2%	3.1%	81.2%	7.2%	2.6%	0.3%	-6.7M	38.8M	-87.5K	1.94	77.85	487	943	2,713	20,813
2022-05-13	$104.99	$105.00	7.1%	2.0%	3.1%	75.0%	7.4%	2.4%	0.4%	-7.9M	42.4M	-84.2K	0.71	77.03	1,329	941	2,797	20,813
2022-05-16	$105.17	$105.00	6.7%	1.9%	3.3%	68.6%	7.8%	2.4%	0.6%	-6.2M	36.0M	-94.2K	1.16	78.41	791	920	3,673	20,843
2022-05-17	$104.82	$105.00	6.7%	1.9%	2.8%	69.3%	7.8%	2.3%	0.4%	-7.5M	40.4M	-79.9K	1.16	83.49	787	916	3,731	20,846
2022-05-18	$104.74	$105.00	7.1%	2.0%	2.4%	74.5%	7.3%	2.1%	0.4%	-6.7M	39.8M	-84.5K	0.48	84.10	1,922	914	3,745	20,850
2022-05-19	$105.02	$105.00	6.7%	1.9%	2.7%	69.3%	8.0%	1.8%	0.1%	-7.1M	36.9M	-87.0K	0.95	84.25	961	910	4,160	20,851
2022-05-20	$105.56	$105.00	6.5%	1.9%	3.4%	65.9%	5.8%	1.8%	-0.0%	-5.5M	29.0M	-83.5K	1.30	85.45	858	1,119	4,265	20,851
2022-05-23	$105.84	$105.00	6.0%	1.7%	3.6%	59.1%	6.6%	1.6%	0.6%	-5.8M	9.1M	-91.0K	3.18	87.77	906	2,878	3,601	5,997
2022-05-24	$106.59	$105.00	5.6%	1.6%	4.5%	52.8%	6.8%	1.0%	0.5%	-4.4M	1.0M	-77.9K	4.89	93.94	632	3,089	3,485	5,986
2022-05-25	$107.37	$105.00	5.8%	1.7%	5.2%	55.0%	5.8%	0.8%	0.5%	-1.7M	-10.7M	-54.6K	0.27	94.58	10,676	2,925	3,529	4,991
2022-05-26	$107.93	$105.00	6.0%	1.7%	5.5%	59.0%	8.3%	1.1%	0.4%	31.6M	-61.2M	-163.4K	4.71	105.09	732	3,445	13,645	5,000
2022-05-27	$108.33	$105.00	5.8%	1.7%	5.6%	56.2%	8.7%	1.2%	0.7%	36.1M	-75.4M	-154.9K	5.55	98.63	620	3,444	13,706	5,492
2022-05-31	$108.16	$105.00	6.2%	1.8%	5.5%	60.9%	8.6%	1.1%	0.1%	37.8M	-69.7M	-144.3K	1.72	101.24	845	1,452	13,731	5,497