MUB Options History — April 2023

In April 2023, MUB traded between $106.81 and $108.59. ATM implied volatility averaged 5.3%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 0.7% (HV 20d: 4.6%). Max pain ranged from $107.00 to $107.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 251.22.

Notable Days

2023-04-18: Highest Volume — 3,595 contracts
2023-04-18: Largest IV spike — 48.9% change
2023-04-24: Highest IV Rank — 12.0%
2023-04-24: Largest Expected Move — 1.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$107.64	$106.81	$108.59	$107.60	$107.27
Max Pain	$107.00	$107.00	$107.00	$107.00	$107.00
ATM IV	5.3%	3.6%	6.6%	4.7%	6.5%
Expected Move	1.5%	1.0%	1.9%	1.4%	1.9%
HV 20d	4.6%	4.2%	4.9%	4.8%	4.9%
HV 60d	4.6%	4.5%	4.9%	4.6%	4.9%
IV Rank	6.1%	0.0%	12.0%	3.1%	11.5%
IV Percentile	18.8%	0.0%	42.5%	7.5%	40.1%
Term Structure	0.3%	-0.3%	0.9%	0.4%	-0.1%
VWIV	5.9%	3.7%	7.8%	4.7%	6.1%
Skew 25d	1.0%	0.3%	1.8%	1.0%	1.2%
Skew 10d	4.1%	-0.7%	18.0%	1.5%	6.0%
Call IV 25d	5.1%	3.3%	6.6%	4.3%	6.1%
Put IV 25d	6.1%	4.3%	7.7%	5.3%	7.3%
Bid-Ask Spread %	105.00	68.99	118.03	111.67	111.56
Gamma HHI	0.48	0.19	0.85	0.19	0.81
Net GEX	-4.2M	-12.5M	451.7K	23.7K	-12.5M
Net DEX	4.4M	-2.1M	15.0M	-354.0K	9.1M
Net VEX	-27.3K	-54.9K	-12.9K	-14.6K	-37.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	251.22	0.00	3594.00	12.00	3.00
Total Volume	233.684	0	3,595	13	8
Total OI	3,282.737	1,602	5,533	1,602	5,529

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
2023-04-03	$107.60	$107.00	4.7%	1.4%	4.8%	3.1%	0.0%	1.0%	0.4%	23.7K	-354.0K	-14.6K	12.00	111.67	1	12	487	1,115
2023-04-04	$107.97	$107.00	4.8%	1.4%	4.8%	3.4%	0.0%	0.3%	0.1%	75.2K	-768.8K	-14.1K	2.75	107.64	4	11	488	1,119
2023-04-05	$108.22	$107.00	4.8%	1.4%	4.8%	3.2%	4.7%	0.5%	0.3%	208.3K	-1.3M	-12.9K	83.00	106.89	1	83	492	1,120
2023-04-06	$108.31	$107.00	4.8%	1.5%	4.8%	3.5%	5.1%	1.3%	0.5%	139.7K	-1.1M	-14.9K	0.00	104.46	36	0	492	1,184
2023-04-10	$108.06	$107.00	4.2%	1.4%	4.7%	0.8%	0.0%	0.7%	0.4%	212.0K	-993.0K	-13.7K	7.33	108.19	3	22	507	1,184
2023-04-11	$108.35	$107.00	4.6%	1.4%	4.7%	2.4%	4.6%	0.6%	0.3%	280.0K	-1.5M	-13.0K	0.01	109.65	93	1	507	1,184
2023-04-12	$108.59	$107.00	4.3%	1.2%	4.5%	1.2%	0.0%	1.1%	0.9%	451.7K	-2.1M	-13.1K	3.25	98.21	16	52	560	1,185
2023-04-13	$108.38	$107.00	4.4%	1.3%	4.2%	1.8%	0.0%	0.7%	0.5%	435.8K	-1.9M	-13.4K	0.00	107.75	0	0	574	1,183
2023-04-14	$107.98	$107.00	4.0%	1.2%	4.4%	0.2%	0.0%	0.6%	0.5%	415.1K	-1.3M	-13.5K	0.00	115.68	0	0	574	1,183
2023-04-17	$107.75	$107.00	3.6%	1.0%	4.3%	0.0%	3.7%	1.0%	0.9%	328.1K	-818.6K	-13.0K	2.63	118.03	8	21	574	1,183
2023-04-18	$107.03	$107.00	5.4%	1.5%	4.8%	7.1%	5.5%	0.8%	0.1%	-237.7K	727.6K	-15.1K	3594.00	84.82	1	3,594	573	1,193
2023-04-19	$106.81	$107.00	6.0%	1.7%	4.7%	9.7%	5.4%	1.2%	-0.1%	-8.7M	14.8M	-54.9K	0.25	105.75	28	7	574	4,772
2023-04-20	$107.05	$107.00	6.4%	1.8%	4.3%	11.2%	6.3%	1.3%	0.3%	-8.3M	12.8M	-52.6K	0.90	103.89	68	61	564	4,770
2023-04-21	$106.91	$107.00	6.5%	1.9%	4.3%	11.3%	5.8%	1.8%	0.2%	-8.9M	14.8M	-52.2K	55.50	112.98	2	111	632	4,820
2023-04-24	$107.32	$107.00	6.6%	1.9%	4.5%	12.0%	6.7%	1.0%	-0.3%	-10.3M	11.0M	-45.1K	2.40	106.31	20	48	601	4,864
2023-04-25	$107.59	$107.00	6.6%	1.9%	4.4%	11.7%	7.0%	0.9%	-0.0%	-10.6M	6.1M	-36.4K	1.30	107.97	23	30	621	4,912
2023-04-26	$107.15	$107.00	6.6%	1.9%	4.7%	11.9%	7.4%	0.9%	0.1%	-11.6M	10.8M	-41.6K	0.00	104.52	0	27	632	4,894
2023-04-27	$106.81	$107.00	6.2%	1.8%	4.8%	10.4%	7.8%	1.3%	0.2%	-11.0M	15.0M	-46.4K	0.00	68.99	0	48	632	4,894
2023-04-28	$107.27	$107.00	6.5%	1.9%	4.9%	11.5%	6.1%	1.2%	-0.1%	-12.5M	9.1M	-37.6K	3.00	111.56	2	6	632	4,897