MUB Options History — February 2024

In February 2024, MUB traded between $107.44 and $108.77. ATM implied volatility averaged 5.2%, placing in the 28.7% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 0.5% (HV 20d: 4.6%). Max pain ranged from $106.00 to $115.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 188.53.

Notable Days

2024-02-28: Highest Volume — 20,004 contracts
2024-02-29: Largest IV drop — 10.8% change
2024-02-05: Highest IV Rank — 46.5%
2024-02-05: Largest Expected Move — 1.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$107.84	$107.44	$108.77	$108.77	$107.95
Max Pain	$108.50	$106.00	$115.00	$106.00	$115.00
ATM IV	5.2%	4.3%	6.1%	5.8%	4.3%
Expected Move	1.5%	1.2%	1.7%	1.5%	1.2%
HV 20d	4.6%	3.6%	4.9%	3.6%	4.5%
HV 60d	4.2%	3.9%	4.6%	4.2%	3.9%
IV Rank	28.7%	12.3%	46.5%	41.2%	12.3%
IV Percentile	28.6%	3.2%	69.8%	60.3%	3.2%
Term Structure	0.1%	-0.1%	1.0%	1.0%	0.3%
VWIV	5.9%	4.3%	13.9%	5.7%	4.3%
Skew 25d	0.5%	0.0%	1.3%	1.1%	1.3%
Skew 10d	1.0%	-0.4%	6.3%	1.4%	2.7%
Call IV 25d	5.1%	3.6%	5.8%	5.0%	3.6%
Put IV 25d	5.7%	4.9%	6.3%	6.1%	4.9%
Bid-Ask Spread %	13.93	5.76	35.11	35.11	5.76
Gamma HHI	0.44	0.33	0.84	0.39	0.44
Net GEX	-30.9M	-84.1M	-3.4M	-15.2M	-11.0M
Net DEX	41.5M	-8.1M	102.0M	6.7M	-8.1M
Net VEX	-142.6K	-452.2K	-27.6K	-198.8K	-452.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	188.53	0.00	2000.00	125.50	217.14
Total Volume	3,334.1	3	20,004	253	1,527
Total OI	24,738.85	7,699	38,436	30,559	38,436

Daily Data (20 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
2024-02-01	$108.77	$106.00	5.8%	1.5%	3.6%	41.2%	0.0%	1.1%	1.0%	-15.2M	6.7M	-198.8K	125.50	35.11	2	251	9,717	20,842
2024-02-02	$107.97	$106.00	5.8%	1.6%	4.4%	40.3%	0.0%	0.4%	0.2%	-30.7M	59.1M	-212.1K	0.00	32.78	0	3	9,717	21,093
2024-02-05	$107.48	$106.00	6.1%	1.7%	4.7%	46.5%	5.7%	0.4%	0.3%	-43.1M	99.6M	-176.2K	1.39	20.94	2,512	3,490	9,717	21,094
2024-02-06	$107.82	$106.00	5.5%	1.5%	4.7%	34.9%	6.0%	0.6%	0.1%	-47.1M	77.0M	-178.8K	2000.00	10.71	2	4,000	10,175	21,914
2024-02-07	$107.75	$106.00	5.4%	1.5%	4.7%	33.1%	5.4%	0.4%	0.1%	-54.9M	88.9M	-177.8K	104.73	9.67	11	1,152	10,176	23,406
2024-02-08	$107.59	$106.00	5.4%	1.6%	4.7%	33.9%	5.4%	0.3%	0.0%	-56.1M	102.0M	-161.6K	46.45	12.08	11	511	10,185	23,418
2024-02-09	$107.70	$106.00	5.2%	1.5%	4.6%	30.0%	0.0%	0.4%	0.2%	-60.9M	92.2M	-152.4K	2.35	11.60	5,000	11,758	10,186	23,419
2024-02-12	$107.91	$106.00	5.2%	1.5%	4.7%	28.9%	0.0%	0.3%	0.1%	-34.4M	38.6M	-88.0K	100.00	13.89	2	200	10,136	17,543
2024-02-13	$107.44	$106.00	5.3%	1.5%	4.9%	32.3%	5.4%	0.6%	0.2%	-42.1M	78.8M	-73.8K	1.01	8.15	1,543	1,553	10,138	17,543
2024-02-14	$107.66	$106.00	5.3%	1.5%	4.8%	30.8%	5.3%	0.5%	0.2%	-42.0M	50.3M	-60.9K	408.60	16.39	5	2,043	8,638	15,932
2024-02-15	$107.94	$115.00	4.9%	1.4%	4.7%	24.1%	5.7%	0.3%	0.1%	-54.3M	34.4M	-34.2K	6.75	9.32	4	27	8,641	17,952
2024-02-16	$107.91	$110.00	5.1%	1.5%	4.7%	27.1%	5.7%	0.6%	0.1%	-84.1M	44.5M	-36.6K	0.00	24.44	0	279	8,645	17,932
2024-02-20	$107.91	$110.00	5.1%	1.5%	4.7%	27.0%	5.9%	0.7%	-0.1%	-5.7M	12.3M	-27.6K	0.17	14.09	597	101	800	6,899
2024-02-21	$107.85	$110.00	4.9%	1.4%	4.7%	23.0%	5.1%	0.1%	0.1%	-6.6M	9.5M	-35.0K	0.00	8.14	0	15	1,395	7,000
2024-02-22	$107.62	$110.00	4.8%	1.4%	4.8%	21.1%	13.9%	0.7%	0.1%	-6.4M	13.7M	-47.4K	1.00	8.02	5,000	5,001	1,395	7,005
2024-02-23	$108.03	$110.00	4.8%	1.4%	4.8%	21.5%	4.7%	0.5%	0.1%	-6.2M	4.8M	-202.1K	0.33	13.72	3	1	6,395	12,006
2024-02-26	$107.81	$110.00	4.7%	1.3%	4.8%	20.2%	4.7%	0.4%	-0.1%	-7.1M	9.3M	-183.9K	0.00	8.24	44	0	6,398	12,009
2024-02-27	$107.73	$110.00	4.9%	1.4%	4.6%	24.5%	5.4%	1.2%	-0.1%	-3.4M	8.2M	-172.5K	0.00	7.46	0	30	6,431	12,009
2024-02-28	$107.87	$110.00	4.8%	1.4%	4.7%	22.0%	0.0%	0.0%	0.0%	-6.3M	9.2M	-180.7K	1.00	8.02	10,004	10,000	6,431	12,009
2024-02-29	$107.95	$115.00	4.3%	1.2%	4.5%	12.3%	4.3%	1.3%	0.3%	-11.0M	-8.1M	-452.2K	217.14	5.76	7	1,520	16,427	22,009