MUB Options History — June 2023

In June 2023, MUB traded between $105.93 and $107.09. ATM implied volatility averaged 5.8%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 1.9% (HV 20d: 3.8%). Max pain ranged from $106.00 to $107.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.33.

Notable Days

2023-06-21: Highest Volume — 319 contracts
2023-06-12: Largest IV spike — 43.9% change
2023-06-12: Highest IV Rank — 21.4%
2023-06-01: Largest Expected Move — 2.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$106.55	$105.93	$107.09	$106.25	$106.75
Max Pain	$106.48	$106.00	$107.00	$106.00	$107.00
ATM IV	5.8%	3.7%	9.0%	7.3%	4.0%
Expected Move	1.5%	1.1%	2.1%	2.1%	1.1%
HV 20d	3.8%	3.1%	4.3%	3.8%	3.8%
HV 60d	4.6%	4.4%	5.0%	4.9%	4.5%
IV Rank	8.6%	0.2%	21.4%	14.9%	1.6%
IV Percentile	27.0%	0.4%	84.1%	61.9%	1.2%
Term Structure	0.3%	-0.8%	0.9%	-0.8%	0.7%
VWIV	6.1%	3.4%	19.7%	7.4%	3.4%
Skew 25d	1.1%	0.2%	2.6%	1.9%	0.6%
Skew 10d	4.6%	1.6%	9.8%	4.8%	4.2%
Call IV 25d	5.1%	3.7%	6.6%	6.3%	3.8%
Put IV 25d	6.2%	4.4%	8.2%	8.2%	4.4%
Bid-Ask Spread %	99.29	53.75	123.77	105.27	70.63
Gamma HHI	0.20	0.16	0.25	0.16	0.23
Net GEX	134.2K	-271.9K	468.4K	-21.4K	-177.3K
Net DEX	6.1K	-1.5M	1.2M	304.8K	529.9K
Net VEX	-13.6K	-17.0K	-11.5K	-17.0K	-11.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.33	0.00	15.25	1.83	0.98
Total Volume	38.905	0	319	17	81
Total OI	1,682.571	1,336	1,860	1,679	1,743

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
2023-06-01	$106.25	$106.00	7.3%	2.1%	3.8%	14.9%	7.4%	1.9%	-0.8%	-21.4K	304.8K	-17.0K	1.83	105.27	6	11	741	938
2023-06-02	$105.93	$106.00	6.7%	1.9%	3.9%	12.2%	6.5%	0.8%	-0.2%	-99.9K	837.0K	-15.5K	1.30	53.75	10	13	746	944
2023-06-05	$106.16	$106.00	6.5%	1.7%	4.0%	11.6%	6.5%	0.8%	0.4%	-54.1K	526.4K	-15.7K	1.00	109.57	5	5	756	953
2023-06-06	$106.31	$106.00	7.1%	1.7%	4.0%	13.9%	0.0%	1.6%	0.8%	29.6K	76.0K	-14.9K	0.00	108.27	0	0	771	953
2023-06-07	$106.00	$106.00	6.8%	1.7%	4.1%	12.5%	0.0%	0.9%	0.4%	1.0K	634.6K	-15.8K	0.00	108.83	0	0	771	953
2023-06-08	$106.40	$106.00	6.1%	1.6%	4.2%	10.0%	0.0%	0.9%	0.5%	121.5K	-183.7K	-14.3K	0.00	114.29	0	0	771	953
2023-06-09	$106.34	$106.00	6.2%	1.6%	4.2%	10.5%	0.0%	1.1%	0.2%	134.2K	-124.9K	-14.5K	0.00	95.15	2	0	783	953
2023-06-12	$106.28	$106.00	9.0%	1.7%	4.2%	21.4%	19.7%	0.9%	0.2%	116.7K	63.3K	-14.1K	0.33	90.46	6	2	783	950
2023-06-13	$106.22	$106.00	8.5%	1.7%	4.2%	19.5%	0.0%	0.9%	0.2%	176.2K	75.0K	-13.4K	0.31	111.66	13	4	783	950
2023-06-14	$106.47	$106.00	5.8%	1.6%	4.3%	8.5%	4.2%	1.7%	0.6%	430.8K	-655.3K	-12.5K	0.08	116.78	25	2	791	952
2023-06-15	$106.78	$106.00	5.1%	1.5%	4.2%	5.9%	6.3%	0.9%	0.3%	388.3K	-1.5M	-13.3K	5.44	108.68	16	87	816	954
2023-06-16	$106.69	$107.00	5.1%	1.5%	3.8%	6.0%	5.1%	0.5%	0.2%	186.8K	-680.2K	-13.1K	0.00	98.29	0	1	819	1,041
2023-06-20	$106.87	$107.00	5.0%	1.4%	3.6%	5.7%	4.1%	0.3%	0.5%	224.5K	-167.5K	-11.9K	1.09	71.64	11	12	656	680
2023-06-21	$106.94	$107.00	5.0%	1.4%	3.5%	5.5%	4.3%	1.6%	0.9%	270.3K	-277.9K	-11.7K	0.11	98.73	288	31	656	688
2023-06-22	$106.66	$107.00	4.9%	1.4%	3.5%	5.0%	5.3%	0.8%	0.3%	468.4K	-169.6K	-12.4K	15.25	86.45	4	61	919	688
2023-06-23	$106.95	$107.00	4.8%	1.4%	3.5%	4.7%	5.1%	0.7%	0.2%	352.1K	-390.6K	-12.8K	1.67	102.97	9	15	918	749
2023-06-26	$106.94	$107.00	4.6%	1.3%	3.4%	4.0%	5.3%	0.2%	0.3%	193.8K	174.1K	-13.4K	5.00	115.25	2	10	926	759
2023-06-27	$106.91	$107.00	4.4%	1.3%	3.4%	3.2%	5.0%	1.1%	0.3%	113.9K	87.5K	-11.5K	0.57	123.77	30	17	928	769
2023-06-28	$107.09	$107.00	4.3%	1.2%	3.1%	2.8%	4.3%	1.8%	0.3%	234.7K	-209.4K	-13.0K	0.00	120.89	0	20	928	777
2023-06-29	$106.52	$107.00	3.7%	1.1%	3.7%	0.2%	4.9%	2.6%	0.1%	-271.9K	1.2M	-12.3K	0.00	73.72	0	18	928	797
2023-06-30	$106.75	$107.00	4.0%	1.1%	3.8%	1.6%	3.4%	0.6%	0.7%	-177.3K	529.9K	-11.7K	0.98	70.63	41	40	928	815