MUB Options History — November 2023

In November 2023, MUB traded between $101.23 and $106.63. ATM implied volatility averaged 5.8%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded below realized volatility by 0.3% (HV 20d: 6.0%). Max pain ranged from $100.00 to $106.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.13.

Notable Days

  • 2023-11-06: Highest Volume — 16,107 contracts
  • 2023-11-30: Largest IV drop — 17.4% change
  • 2023-11-09: Highest IV Rank — 38.1%
  • 2023-11-09: Largest Expected Move — 1.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$104.33$101.23$106.63$101.23$106.50
Max Pain$105.00$100.00$106.00$102.00$106.00
ATM IV5.8%4.4%6.4%6.1%4.4%
Expected Move1.7%1.3%1.8%1.8%1.3%
HV 20d6.0%5.3%6.6%5.3%5.6%
HV 60d5.4%4.3%5.7%4.3%5.7%
IV Rank29.6%11.0%38.1%34.6%11.0%
IV Percentile45.7%7.5%64.7%55.2%7.5%
Term Structure-0.7%-3.9%1.3%0.3%1.3%
VWIV6.0%3.5%9.3%6.1%5.1%
Skew 25d1.1%0.2%5.1%1.2%5.1%
Skew 10d5.1%-0.0%26.4%1.1%26.4%
Call IV 25d5.4%3.9%6.0%5.5%5.7%
Put IV 25d6.5%5.6%10.8%6.7%10.8%
Bid-Ask Spread %57.8217.21101.9555.2052.97
Gamma HHI0.340.230.650.380.65
Net GEX5.3M-7.4M31.4M152.5K27.0M
Net DEX-43.8M-150.6M34.5M2.5M-150.6M
Net VEX-452.8K-690.7K-7.7K-7.7K-283.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.007.311.002.00
Total Volume2,654.476216,107221
Total OI29,191.1431,40439,8111,40835,733

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$101.23$102.006.1%1.8%5.3%34.6%6.1%1.2%0.3%152.5K2.5M-7.7K0.0055.2002681727
2023-11-02$102.19$100.006.1%1.8%6.3%34.7%6.8%1.2%-0.5%15.2K1.2M-8.1K1.0043.022,5142,506681723
2023-11-03$102.72$100.006.0%1.7%6.4%33.2%6.4%0.5%-0.3%1.3M-2.4M-45.4K0.0292.431,517323,2003,225
2023-11-06$102.53$101.006.2%1.8%6.3%35.0%9.3%1.1%-2.0%-5.0M5.9M-30.9K1.0174.948,0018,1061,7123,246
2023-11-07$103.13$106.005.9%1.7%6.6%31.3%5.3%0.9%-0.1%-4.4M4.6M-321.7K4.4590.8511499,71111,266
2023-11-08$103.73$106.005.8%1.7%6.4%29.5%6.9%1.2%-0.3%-994.1K-15.4M-311.9K1.0082.678,0228,0119,72211,278
2023-11-09$103.19$106.006.4%1.8%6.5%38.1%0.0%1.1%-0.6%-7.4M34.5M-676.6K0.00100.362017,72619,268
2023-11-10$103.56$106.005.9%1.7%6.6%31.1%6.3%1.1%-3.9%-385.6K-11.1M-671.5K1.5024.882317,72719,268
2023-11-13$103.80$106.005.9%1.7%6.4%31.4%6.6%0.9%-0.5%-4.3M1.3M-642.2K0.1517.2127417,72919,269
2023-11-14$104.50$106.006.1%1.8%6.4%34.4%6.0%0.4%-0.7%-2.8M-31.4M-656.2K0.00101.953,289417,72819,272
2023-11-15$104.40$106.006.0%1.7%6.3%32.9%6.0%0.4%-0.4%915.0K-28.6M-690.7K0.8121.47211720,53919,272
2023-11-16$104.77$106.005.5%1.6%5.9%26.6%0.0%0.4%-0.3%1.5M-45.6M-675.1K0.5069.9610520,53819,269
2023-11-17$104.84$106.005.5%1.6%5.9%25.2%0.0%0.4%-0.3%1.9M-35.2M-657.0K0.0243.8452119,53219,274
2023-11-20$105.13$106.005.7%1.6%5.9%28.7%0.0%0.2%-0.6%5.4M-54.8M-602.9K0.0648.8336219,04616,319
2023-11-21$105.38$106.005.7%1.6%5.9%28.5%5.7%1.1%-0.5%5.2M-65.1M-572.7K1.6676.393,0055,00219,03816,321
2023-11-22$105.60$106.005.5%1.6%5.5%25.6%0.0%0.8%-2.7%13.6M-84.6M-631.4K0.5024.4810522,03517,323
2023-11-24$105.37$106.005.9%1.7%5.7%31.8%5.9%1.1%-0.9%12.1M-75.9M-622.4K0.6744.113222,05113,339
2023-11-27$105.70$106.005.6%1.6%5.7%27.2%5.6%1.1%-0.6%6.1M-95.5M-595.7K7.3167.253525622,05213,341
2023-11-28$106.00$106.005.6%1.6%5.3%27.2%5.0%2.0%-0.4%31.4M-125.7M-327.1K0.0163.332,5822422,06513,595
2023-11-29$106.63$106.005.3%1.5%5.5%23.8%3.5%0.8%-0.3%30.6M-148.6M-478.4K0.0218.092,5035024,55913,614
2023-11-30$106.50$106.004.4%1.3%5.6%11.0%5.1%5.1%1.3%27.0M-150.6M-283.0K2.0052.9771422,07513,658