MUB Options History — January 2024

In January 2024, MUB traded between $107.44 and $108.63. ATM implied volatility averaged 5.5%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 2.1% (HV 20d: 3.4%). Max pain ranged from $104.00 to $108.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 19.95.

Notable Days

  • 2024-01-17: Highest Volume — 16,108 contracts
  • 2024-01-11: Largest IV drop — 15.7% change
  • 2024-01-18: Highest IV Rank — 38.9%
  • 2024-01-08: Largest Expected Move — 1.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.08$107.44$108.63$108.23$108.48
Max Pain$107.10$104.00$108.00$107.00$108.00
ATM IV5.5%4.9%6.0%5.5%5.4%
Expected Move1.6%1.4%1.7%1.6%1.6%
HV 20d3.4%2.9%3.7%3.7%3.5%
HV 60d4.8%4.3%5.3%5.3%4.3%
IV Rank29.5%17.0%38.9%25.4%33.4%
IV Percentile42.5%19.4%61.5%40.5%41.3%
Term Structure0.0%-0.4%0.5%0.3%-0.2%
VWIV5.8%5.1%6.7%5.6%6.4%
Skew 25d0.7%-0.2%8.8%-0.1%0.3%
Skew 10d3.6%-2.5%21.1%-1.3%-2.5%
Call IV 25d5.6%4.9%6.1%6.0%5.9%
Put IV 25d6.4%5.6%13.9%5.9%6.2%
Bid-Ask Spread %35.743.17103.7173.9916.54
Gamma HHI0.310.190.490.190.49
Net GEX-15.0M-38.5M9.8M8.4M-37.0M
Net DEX-46.5M-152.3M60.4M-137.2M-15.2M
Net VEX-265.9K-559.7K-166.8K-349.6K-190.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio19.950.00204.000.0038.46
Total Volume3,075.381116,1084,016513
Total OI36,043.47628,69753,98934,40334,061

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$108.23$107.005.5%1.6%3.7%25.4%5.6%-0.1%0.3%8.4M-137.2M-349.6K0.0073.994,0061020,26614,137
2024-01-03$108.41$107.005.9%1.7%3.5%30.9%0.0%0.5%-0.0%7.9M-141.2M-329.8K0.5779.947420,26214,140
2024-01-04$108.19$104.005.8%1.7%3.5%30.3%0.0%0.1%0.1%7.8M-137.6M-316.3K0.0087.231020,26514,136
2024-01-05$108.09$104.005.3%1.7%3.5%23.4%6.2%0.3%0.1%7.7M-134.9M-323.3K47.4088.52523720,26614,136
2024-01-08$108.40$104.005.8%1.7%3.6%29.6%6.0%0.4%0.1%9.5M-151.7M-219.7K3.2517.4982620,26513,953
2024-01-09$108.47$104.006.0%1.6%3.5%32.7%5.8%0.3%0.3%9.8M-152.3M-240.5K2.2089.515,02111,05020,27414,073
2024-01-10$108.38$107.005.8%1.6%3.5%29.4%5.8%0.2%0.5%7.1M-140.4M-374.8K0.9718.125,1335,00125,28320,632
2024-01-11$108.63$108.004.9%1.4%3.5%17.0%5.4%0.3%0.4%5.3M-139.7M-365.0K0.17103.714,42875828,35525,634
2024-01-12$108.63$108.005.5%1.6%2.9%26.0%5.4%0.4%0.0%-1.4M-78.4M-559.7K0.0080.405,002025,22725,971
2024-01-16$108.34$108.005.4%1.6%3.0%24.9%5.8%-0.2%-0.2%-12.4M-66.3M-302.1K2.756.80123320,23425,971
2024-01-17$108.00$108.005.5%1.6%3.2%26.6%5.5%-0.0%-0.1%-16.1M-39.8M-330.6K1.019.468,0038,10520,24125,992
2024-01-18$107.59$108.005.7%1.6%3.4%38.9%6.6%-0.0%-0.3%-28.9M46.9M-199.2K0.016.16257212,24218,090
2024-01-19$107.55$108.005.4%1.6%3.3%34.1%0.0%0.7%0.3%-28.8M48.0M-197.3K0.577.07442512,49318,091
2024-01-22$107.56$108.005.1%1.5%3.2%28.5%0.0%8.8%0.1%-38.5M47.3M-166.8K0.074.9627211,29217,405
2024-01-23$107.44$108.005.3%1.5%3.2%30.5%5.4%1.1%-0.3%-34.8M59.7M-180.3K111.2214.3991,00111,30217,405
2024-01-24$107.44$108.005.2%1.5%3.2%29.2%6.7%1.0%-0.1%-36.8M60.4M-186.3K204.0011.03240811,28618,405
2024-01-25$107.84$108.005.4%1.5%3.5%33.2%5.4%0.2%-0.2%-34.6M33.5M-189.3K0.9822.5095794111,28417,904
2024-01-26$107.72$108.005.4%1.5%3.2%32.5%5.4%0.4%-0.1%-37.5M35.9M-182.0K1.005.1926226112,09918,710
2024-01-29$108.10$108.005.3%1.5%3.4%31.0%5.3%0.2%-0.3%-32.6M12.4M-176.6K1.004.351,5021,50312,23018,835
2024-01-30$108.15$108.005.4%1.5%3.4%33.0%5.1%-0.2%-0.4%-38.4M13.3M-205.0K3.253.1741313,73220,334
2024-01-31$108.48$108.005.4%1.6%3.5%33.4%6.4%0.3%-0.2%-37.0M-15.2M-190.5K38.4616.541350013,71920,342