MUB Options History — May 2023

In May 2023, MUB traded between $105.19 and $107.44. ATM implied volatility averaged 7.3%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 2.1%. IV traded above realized volatility by 2.1% (HV 20d: 5.2%). Max pain ranged from $106.00 to $107.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 6.42.

Notable Days

  • 2023-05-01: Highest Volume — 4,022 contracts
  • 2023-05-05: Largest IV drop — 12.9% change
  • 2023-05-04: Highest IV Rank — 19.9%
  • 2023-05-04: Largest Expected Move — 2.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$106.57$105.19$107.44$106.56$106.34
Max Pain$106.73$106.00$107.00$107.00$106.00
ATM IV7.3%6.7%8.6%7.3%6.7%
Expected Move2.1%1.9%2.3%2.1%1.9%
HV 20d5.2%3.9%5.8%5.4%3.9%
HV 60d5.0%4.8%5.1%5.1%4.9%
IV Rank14.5%12.1%19.9%14.9%12.1%
IV Percentile59.2%42.1%79.4%63.5%42.1%
Term Structure-0.4%-0.9%-0.1%-0.7%-0.5%
VWIV7.6%6.5%10.1%8.0%6.6%
Skew 25d1.3%0.8%1.8%0.8%1.1%
Skew 10d3.5%1.6%7.4%5.3%7.4%
Call IV 25d6.8%6.3%7.8%7.2%6.5%
Put IV 25d8.1%7.6%8.8%8.0%7.6%
Bid-Ask Spread %97.3454.65108.57106.1760.03
Gamma HHI0.490.150.920.800.18
Net GEX-11.6M-49.1M-130.5K-9.0M-130.5K
Net DEX9.2M251.3K32.6M17.1M251.3K
Net VEX-31.1K-57.9K-14.8K-48.8K-15.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.420.0041.009.030.32
Total Volume229.68244,0224,02225
Total OI6,703.9091,3809,5485,5291,661

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$106.56$107.007.3%2.1%5.4%14.9%8.0%0.8%-0.7%-9.0M17.1M-48.8K9.03106.174013,6216354,894
2023-05-02$107.18$107.007.4%2.1%5.8%15.3%10.1%1.2%-0.2%-15.3M14.7M-57.6K8.33104.623257438,374
2023-05-03$107.34$107.008.1%2.3%5.7%17.8%7.5%1.1%-0.4%-14.6M12.1M-52.5K0.33108.401247468,499
2023-05-04$107.44$107.008.6%2.3%5.6%19.9%8.4%1.0%-0.8%-12.3M14.0M-57.9K1.8191.7821387588,501
2023-05-05$107.41$107.007.5%2.2%5.6%15.4%8.1%1.3%-0.6%-10.3M13.7M-56.9K0.2796.681547818,513
2023-05-08$107.18$107.007.5%2.2%5.6%15.4%8.4%1.2%-0.7%-15.8M11.6M-44.5K1.2599.0712157968,517
2023-05-09$107.10$107.007.2%2.1%5.5%14.2%0.0%1.5%-0.6%-15.5M10.6M-42.1K0.00102.85408088,519
2023-05-10$107.43$107.007.0%2.0%5.6%13.3%6.5%1.4%-0.5%-8.2M6.1M-30.9K19.00106.981198128,519
2023-05-11$107.34$107.006.8%1.9%5.5%12.6%7.5%1.2%-0.4%-13.6M9.7M-38.2K3.50103.944148138,538
2023-05-12$107.13$107.006.8%1.9%5.4%12.5%8.9%1.0%-0.2%-10.3M6.9M-28.7K0.33104.89318228,540
2023-05-15$106.97$107.007.2%2.1%5.4%14.2%7.1%1.3%-0.2%-11.2M8.4M-26.5K1.12102.8333378258,543
2023-05-16$107.02$107.007.1%2.0%4.9%13.9%0.0%1.4%-0.1%-12.6M7.9M-26.6K9.50103.232198528,559
2023-05-17$106.66$107.007.0%2.0%5.0%13.4%8.2%1.4%-0.1%-18.6M7.1M-20.5K41.00107.882828568,578
2023-05-18$106.09$107.007.2%2.1%5.2%14.3%7.4%1.0%-0.4%-36.4M20.4M-22.7K32.0077.772648568,648
2023-05-19$105.81$107.006.8%1.9%5.3%12.7%6.8%1.8%-0.2%-49.1M32.6M-14.8K0.75108.571711298558,693
2023-05-22$105.60$107.006.8%2.0%5.0%12.8%6.8%1.2%-0.2%-196.1K969.9K-17.1K0.74107.389873585795
2023-05-23$105.31$106.007.3%2.1%4.9%14.5%0.0%1.3%-0.4%-227.9K1.9M-15.6K0.0085.8308681868
2023-05-24$105.19$106.007.4%2.1%4.8%15.1%7.5%1.7%-0.3%-244.6K2.2M-17.0K3.00108.501133681918
2023-05-25$105.48$106.007.7%2.2%4.9%16.3%6.9%1.5%-0.9%-244.6K1.8M-16.8K0.9197.921110692930
2023-05-26$105.75$106.007.5%2.2%4.7%15.5%7.2%1.6%-0.3%-337.2K1.6M-16.5K1.6754.6535703934
2023-05-30$106.19$106.007.0%2.0%4.4%13.6%7.0%1.3%-0.7%-167.1K652.3K-17.2K0.00101.50180706939
2023-05-31$106.34$106.006.7%1.9%3.9%12.1%6.6%1.1%-0.5%-130.5K251.3K-15.1K0.3260.03196722939