MUB Options History — August 2023

In August 2023, MUB traded between $104.75 and $106.15. ATM implied volatility averaged 5.6%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 1.4% (HV 20d: 4.2%). Max pain ranged from $105.00 to $107.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.02.

Notable Days

  • 2023-08-17: Highest Volume — 5,066 contracts
  • 2023-08-31: Largest IV drop — 15.6% change
  • 2023-08-07: Highest IV Rank — 11.0%
  • 2023-08-03: Largest Expected Move — 1.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$105.47$104.75$106.15$106.15$105.47
Max Pain$105.65$105.00$107.00$107.00$105.00
ATM IV5.6%4.3%6.4%5.7%4.3%
Expected Move1.6%1.2%1.9%1.6%1.2%
HV 20d4.2%3.3%4.8%3.8%3.3%
HV 60d3.9%3.8%4.1%3.8%3.8%
IV Rank8.0%2.6%11.0%8.4%2.6%
IV Percentile30.7%4.4%42.9%31.7%4.4%
Term Structure0.1%-0.4%2.0%0.2%2.0%
VWIV5.6%4.3%6.5%5.6%5.3%
Skew 25d1.2%0.6%5.3%1.1%5.3%
Skew 10d9.4%1.1%27.9%4.0%27.9%
Call IV 25d5.5%4.8%6.1%5.4%4.8%
Put IV 25d6.7%6.0%10.1%6.5%10.1%
Bid-Ask Spread %74.3934.38123.2371.0066.05
Gamma HHI0.380.280.600.410.60
Net GEX-566.6K-5.4M11.7M-609.0K11.7M
Net DEX2.8M-10.3M10.1M3.2M-10.3M
Net VEX-48.3K-95.9K-11.6K-26.3K-42.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.003.670.331.01
Total Volume591.47805,066323
Total OI6,740.1743,33412,4343,3346,184

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$106.15$107.005.7%1.6%3.8%8.4%5.6%1.1%0.2%-609.0K3.2M-26.3K0.3371.002481,6781,656
2023-08-02$105.88$107.006.0%1.7%3.9%9.4%6.2%0.6%-0.1%-1.5M5.5M-23.3K1.0334.383373481,7021,640
2023-08-03$105.23$106.006.1%1.9%4.3%9.8%5.9%1.3%-0.2%-2.2M8.8M-25.6K0.06112.45160101,9391,975
2023-08-04$105.75$106.006.1%1.7%4.7%9.8%0.0%0.8%-0.1%-1.5M6.1M-28.2K0.00101.48082,1191,985
2023-08-07$105.63$106.006.4%1.7%4.7%11.0%6.1%0.7%-0.2%-2.1M7.2M-23.6K0.0065.580582,1581,985
2023-08-08$105.91$106.006.0%1.7%4.8%9.7%0.0%1.2%-0.4%-1.8M5.1M-24.3K0.0066.45012,1582,013
2023-08-09$105.98$106.005.7%1.6%4.7%8.2%0.0%0.7%-0.0%-1.4M3.9M-24.0K0.0054.3601,0142,1582,013
2023-08-10$105.78$106.006.0%1.7%4.4%9.4%0.0%1.1%-0.1%947.7K1.3M-15.7K0.0059.206102,1581,223
2023-08-11$105.68$106.005.7%1.6%4.4%8.1%5.6%0.7%-0.2%925.6K1.6M-14.5K0.6749.1730202,2191,182
2023-08-14$105.66$106.005.6%1.6%4.4%7.9%0.0%0.7%-0.1%528.6K1.9M-12.1K0.0059.18002,1891,182
2023-08-15$105.81$106.005.6%1.6%4.3%7.9%5.8%1.3%0.1%1.1M984.5K-11.6K1.0157.832,0082,0252,1891,182
2023-08-16$105.56$106.005.4%1.6%4.2%7.1%5.4%0.8%0.0%-956.6K4.4M-53.1K3.0059.094124,1893,205
2023-08-17$105.28$106.005.8%1.7%4.2%8.6%6.0%0.9%0.0%-4.2M9.3M-49.3K1.02118.262,5062,5604,1913,211
2023-08-18$105.19$105.005.6%1.6%4.0%7.9%0.0%0.7%0.1%-5.4M2.6M-95.9K0.00118.650676,6915,743
2023-08-21$104.88$105.005.5%1.6%4.0%7.6%5.5%1.4%0.3%-3.4M7.3M-86.7K1.2564.9824304,9984,925
2023-08-22$104.75$105.005.5%1.6%4.0%7.4%6.5%1.0%-0.1%-3.8M10.1M-86.8K1.0050.6010105,1514,955
2023-08-23$105.13$105.005.6%1.6%4.3%8.0%4.3%1.1%-0.1%-2.5M-259.7K-83.0K3.67116.963115,1604,958
2023-08-24$105.10$105.005.8%1.7%4.0%8.6%0.0%0.9%0.0%-2.0M530.4K-84.5K0.0062.10105,1624,959
2023-08-25$105.06$105.005.5%1.6%4.0%7.7%6.1%0.7%0.0%-3.0M1.8M-78.6K0.0066.800515,1634,959
2023-08-28$105.16$105.005.3%1.5%4.0%6.6%0.0%0.7%0.5%-941.6K-193.2K-72.2K0.0061.32005,1635,009
2023-08-29$105.38$105.005.3%1.5%4.0%6.8%5.3%0.8%0.5%4.7M-3.8M-78.4K0.20123.23158315,1635,009
2023-08-30$105.34$105.005.1%1.4%4.0%5.7%5.0%3.5%0.5%4.2M-3.9M-71.1K1.0171.751,0001,0115,1635,010
2023-08-31$105.47$105.004.3%1.2%3.3%2.6%5.3%5.3%2.0%11.7M-10.3M-42.1K0.0066.05033,1633,021