MUB Options History — March 2023

In March 2023, MUB traded between $105.02 and $107.75. ATM implied volatility averaged 5.7%, placing in the 7.2% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 0.9% (HV 20d: 4.8%). Max pain ranged from $105.00 to $114.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 15.62.

Notable Days

  • 2023-03-01: Highest Volume — 208 contracts
  • 2023-03-10: Largest IV spike — 50.9% change
  • 2023-03-10: Highest IV Rank — 14.6%
  • 2023-03-17: Largest Expected Move — 2.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$106.46$105.02$107.75$105.02$107.75
Max Pain$108.30$105.00$114.00$106.00$107.00
ATM IV5.7%4.3%7.6%5.7%4.3%
Expected Move1.5%1.2%2.0%1.6%1.2%
HV 20d4.8%4.1%5.6%4.4%4.7%
HV 60d4.4%4.2%4.6%4.3%4.6%
IV Rank7.2%1.6%14.6%7.0%1.6%
IV Percentile21.1%2.8%65.5%13.9%2.8%
Term Structure-0.1%-1.1%1.2%0.2%0.3%
VWIV6.3%4.5%15.6%5.7%4.7%
Skew 25d0.9%0.2%2.9%0.2%0.2%
Skew 10d6.0%0.2%27.2%0.3%1.5%
Call IV 25d5.1%3.8%5.9%5.7%4.3%
Put IV 25d6.0%4.5%7.5%5.9%4.5%
Bid-Ask Spread %113.1973.90122.82100.88121.95
Gamma HHI0.220.150.350.190.18
Net GEX431.7K-274.0K1.2M-114.2K-130.5K
Net DEX-661.4K-3.5M1.2M1.2M-348.1K
Net VEX-14.7K-17.5K-12.7K-13.5K-14.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio15.620.00101.000.003.50
Total Volume35.69602082089
Total OI1,573.6961,3181,6951,4121,602

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$105.02$106.005.7%1.6%4.4%7.0%5.7%0.2%0.2%-114.2K1.2M-13.5K0.00100.882080651761
2023-03-02$105.06$105.005.8%1.7%4.2%7.3%15.6%0.4%-0.2%324.3K800.0K-14.1K0.00106.14022858761
2023-03-03$105.37$105.004.8%1.4%4.4%3.6%5.4%0.9%1.2%741.7K195.1K-12.8K0.00117.1230858781
2023-03-06$105.28$114.006.0%1.4%4.1%8.3%4.6%0.5%-0.2%556.6K730.4K-16.6K0.00118.58024858781
2023-03-07$105.34$114.006.2%1.2%4.1%9.1%0.0%1.7%0.0%547.5K561.1K-13.7K0.00120.2800858790
2023-03-08$105.35$114.005.6%1.5%4.1%6.6%0.0%1.3%-0.4%692.0K396.9K-14.4K0.00119.3300858790
2023-03-09$105.62$114.005.0%1.4%4.3%4.3%0.0%0.5%-0.7%885.4K33.4K-15.1K0.00120.7200858790
2023-03-10$106.20$114.007.6%1.7%4.8%14.6%5.4%1.2%-0.3%1.0M-1.3M-17.5K0.00117.76180858790
2023-03-13$106.52$107.007.5%1.8%5.0%14.3%0.0%2.4%-1.0%1.1M-2.2M-16.3K6.00122.08212875790
2023-03-14$106.22$107.007.2%1.8%5.0%13.3%0.0%1.3%-0.1%1.2M-1.4M-16.5K0.00117.5000875802
2023-03-15$106.91$107.006.1%1.8%5.6%8.8%5.8%0.9%-0.6%983.9K-3.1M-15.0K3.50116.3927875802
2023-03-16$106.78$107.006.0%1.7%5.4%8.1%5.9%0.7%-0.7%741.3K-2.8M-14.9K0.06114.85181877801
2023-03-17$107.20$107.007.0%2.0%5.2%12.2%6.5%0.6%-1.1%241.0K-3.5M-15.0K5.6998.961691893802
2023-03-20$106.80$107.006.1%1.8%5.3%8.7%7.3%1.1%-0.2%169.1K-335.1K-14.5K3.1488.09722535783
2023-03-21$106.47$107.005.6%1.6%4.8%6.5%0.0%0.8%0.2%132.8K-51.8K-13.9K0.0073.9003541805
2023-03-22$107.05$107.005.1%1.4%5.1%4.4%0.0%1.2%-0.0%185.4K-344.3K-15.6K10.91120.3711120541808
2023-03-23$107.16$107.005.1%1.5%5.1%4.8%5.8%0.5%0.3%385.7K-872.7K-13.1K0.00114.1304534910
2023-03-24$107.37$107.005.5%1.6%4.9%6.3%5.3%0.7%-0.1%154.9K-686.4K-15.4K101.00116.351101534912
2023-03-27$107.03$107.005.5%1.6%5.1%6.1%5.4%0.5%-0.1%137.0K-520.7K-13.7K0.13118.42815351,011
2023-03-28$107.19$107.005.0%1.4%5.0%4.2%0.0%0.5%0.5%152.0K-761.3K-12.7K100.00118.6111005371,012
2023-03-29$107.28$107.004.8%1.4%4.8%3.4%0.0%0.3%0.4%-274.0K-206-15.9K0.00118.09205381,112
2023-03-30$107.59$107.004.4%1.3%4.8%1.9%4.5%2.9%0.2%88.8K-986.3K-12.9K0.40122.82525401,112
2023-03-31$107.75$107.004.3%1.2%4.7%1.6%4.7%0.2%0.3%-130.5K-348.1K-14.9K3.50121.95274901,112