MUB Options History — July 2023

In July 2023, MUB traded between $106.03 and $107.37. ATM implied volatility averaged 5.3%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 1.5% (HV 20d: 3.8%). Max pain ranged from $107.00 to $108.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-07-27: Highest Volume — 2,040 contracts
  • 2023-07-12: Largest IV drop — 12.9% change
  • 2023-07-11: Highest IV Rank — 10.0%
  • 2023-07-11: Largest Expected Move — 1.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$106.74$106.03$107.37$106.50$106.47
Max Pain$107.35$107.00$108.00$107.00$107.00
ATM IV5.3%4.7%6.1%5.1%5.1%
Expected Move1.5%1.3%1.7%1.4%1.5%
HV 20d3.8%3.4%4.3%3.7%3.8%
HV 60d4.2%3.8%4.5%4.5%3.8%
IV Rank6.6%4.3%10.0%5.8%5.9%
IV Percentile21.1%11.1%30.6%17.5%20.2%
Term Structure0.2%-1.1%0.7%0.0%0.3%
VWIV5.2%3.8%8.3%6.0%5.2%
Skew 25d1.1%0.7%1.5%1.2%0.7%
Skew 10d6.6%-0.3%23.0%6.1%23.0%
Call IV 25d4.9%4.3%5.4%4.3%5.2%
Put IV 25d6.0%5.2%6.7%5.5%5.9%
Bid-Ask Spread %77.0737.92116.47100.3760.73
Gamma HHI0.300.200.440.260.44
Net GEX114.3K-807.4K696.4K-26.2K-807.4K
Net DEX289.3K-936.7K1.9M701.7K1.9M
Net VEX-12.3K-26.7K-9.3K-11.3K-24.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.001.671.000.76
Total Volume128.3502,0401074
Total OI1,741.851,1713,2651,6573,265

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$106.50$107.005.1%1.4%3.7%5.8%0.0%1.2%0.0%-26.2K701.7K-11.3K0.00100.37010882775
2023-07-05$106.32$107.005.5%1.6%3.7%7.4%0.0%1.2%-0.1%-104.9K919.1K-11.2K1.00105.1411882787
2023-07-06$106.03$108.005.5%1.6%3.8%7.6%6.0%1.3%-0.0%-251.3K1.4M-11.3K0.77104.282217883788
2023-07-07$106.03$108.005.6%1.6%3.6%7.8%0.0%1.3%0.2%-265.4K1.4M-11.6K0.0067.3501863794
2023-07-10$106.13$108.006.1%1.7%3.4%9.9%5.9%1.5%0.0%-302.1K1.3M-10.8K1.6737.9235863795
2023-07-11$106.23$108.006.1%1.7%3.4%10.0%0.0%1.3%0.1%-252.1K1.1M-11.5K0.0038.5200864796
2023-07-12$106.59$108.005.3%1.5%3.6%6.8%3.9%1.3%-1.1%-116.1K636.3K-13.6K0.1497.386910864796
2023-07-13$107.00$108.005.2%1.5%3.8%6.4%4.0%1.2%0.5%147.2K-91.1K-10.9K0.17108.03305849806
2023-07-14$106.80$108.005.2%1.5%3.8%6.2%4.2%1.1%0.4%-79.3K324.9K-10.9K0.0788.331138829804
2023-07-17$106.85$107.005.3%1.5%3.7%6.6%0.0%1.0%0.5%190.1K-61.3K-10.8K0.0045.04200915808
2023-07-18$107.13$107.005.1%1.5%3.8%6.1%0.0%1.2%0.4%384.6K-439.2K-11.6K0.0091.0000906808
2023-07-19$107.37$107.005.2%1.5%3.8%6.2%0.0%1.5%0.2%609.4K-865.9K-10.7K0.00103.0100906808
2023-07-20$107.05$107.004.8%1.4%4.0%4.9%0.0%1.0%0.3%670.9K-464.3K-10.2K0.0050.8400906808
2023-07-21$107.30$107.005.1%1.5%3.9%5.8%5.2%0.8%0.4%696.4K-936.7K-9.7K0.3365.4531906803
2023-07-24$107.25$107.005.3%1.5%3.8%6.6%3.8%0.9%0.1%602.9K-713.9K-9.6K0.05113.69643590581
2023-07-25$107.07$107.005.2%1.5%3.9%6.4%8.3%0.7%0.1%548.8K-483.4K-9.8K0.0062.4203621582
2023-07-26$107.27$107.005.2%1.5%3.9%6.2%5.8%0.8%-0.0%610.3K-671.6K-9.8K1.60116.472032621585
2023-07-27$106.75$107.004.8%1.4%4.3%4.8%5.0%1.1%0.7%246.7K196.4K-9.3K1.0041.311,0201,020634606
2023-07-28$106.59$107.004.7%1.3%3.8%4.3%5.4%1.4%-0.1%-215.9K757.4K-26.7K0.0044.170121,6391,619
2023-07-31$106.47$107.005.1%1.5%3.8%5.9%5.2%0.7%0.3%-807.4K1.9M-24.7K0.7660.7342321,6391,626