MUB Options History — March 2024

In March 2024, MUB traded between $107.56 and $108.15. ATM implied volatility averaged 4.4%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 1.2%. IV traded above realized volatility by 1.6% (HV 20d: 2.8%). Max pain ranged from $107.00 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 18.06.

Notable Days

2024-03-19: Highest Volume — 5,569 contracts
2024-03-13: Largest IV drop — 21.5% change
2024-03-11: Highest IV Rank — 42.9%
2024-03-05: Largest Expected Move — 1.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$107.85	$107.56	$108.15	$107.91	$107.63
Max Pain	$107.85	$107.00	$115.00	$115.00	$108.00
ATM IV	4.4%	3.4%	5.9%	4.7%	3.4%
Expected Move	1.2%	1.0%	1.4%	1.4%	1.0%
HV 20d	2.8%	2.1%	4.4%	4.4%	2.2%
HV 60d	3.7%	3.5%	3.9%	3.9%	3.5%
IV Rank	15.9%	0.0%	42.9%	20.5%	0.0%
IV Percentile	14.7%	0.0%	63.5%	8.7%	0.0%
Term Structure	0.3%	-0.0%	0.8%	-0.0%	0.6%
VWIV	4.2%	2.4%	6.2%	6.2%	2.4%
Skew 25d	0.5%	-0.0%	1.2%	0.6%	0.4%
Skew 10d	1.3%	-0.5%	5.6%	-0.1%	0.7%
Call IV 25d	4.2%	3.4%	5.2%	4.8%	3.4%
Put IV 25d	4.7%	3.9%	5.6%	5.4%	3.9%
Bid-Ask Spread %	10.25	5.32	14.83	7.13	6.61
Gamma HHI	0.45	0.40	0.52	0.41	0.49
Net GEX	-17.7M	-67.0M	-1.4M	-4.9M	-51.6M
Net DEX	2.9M	-31.8M	53.3M	-2.3M	38.3M
Net VEX	-452.2K	-526.8K	-374.0K	-509.0K	-452.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	18.06	0.00	134.10	3.00	5.00
Total Volume	680.1	2	5,569	25	18
Total OI	43,621.45	38,382	50,435	39,956	50,435

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
2024-03-01	$107.91	$115.00	4.7%	1.4%	4.4%	20.5%	0.0%	0.6%	-0.0%	-4.9M	-2.3M	-509.0K	0.00	7.13	0	25	16,427	23,529
2024-03-04	$107.72	$107.00	5.1%	1.4%	3.6%	28.2%	6.2%	0.7%	0.1%	-7.6M	13.4M	-498.7K	3.00	14.83	1	3	16,427	23,527
2024-03-05	$108.02	$107.00	5.6%	1.4%	3.3%	36.6%	5.1%	0.3%	-0.0%	-3.9M	-11.4M	-480.9K	21.00	12.80	11	231	16,427	23,529
2024-03-06	$107.98	$107.00	5.2%	1.3%	3.1%	29.1%	0.0%	0.4%	0.1%	-6.4M	-12.5M	-463.5K	0.00	11.53	0	15	16,423	23,750
2024-03-07	$108.13	$107.00	5.8%	1.4%	3.2%	40.7%	0.0%	0.6%	-0.0%	-5.3M	-22.8M	-452.7K	3.00	11.72	5	15	16,423	23,765
2024-03-08	$108.13	$107.00	5.2%	1.3%	3.1%	28.9%	0.0%	0.4%	0.0%	-2.7M	-27.5M	-421.3K	0.00	12.81	2	0	16,424	23,766
2024-03-11	$108.15	$107.00	5.9%	1.2%	3.1%	42.9%	4.4%	0.2%	0.1%	-1.6M	-30.6M	-405.0K	0.00	8.92	0	57	16,422	23,766
2024-03-12	$108.06	$107.00	5.0%	1.2%	3.0%	26.1%	0.0%	0.4%	0.3%	-1.4M	-29.9M	-381.9K	35.71	9.48	7	250	16,422	23,811
2024-03-13	$108.06	$107.00	3.9%	1.1%	2.6%	6.0%	0.0%	0.4%	0.2%	-4.1M	-31.8M	-374.0K	0.00	8.76	7	0	16,415	24,061
2024-03-14	$107.73	$107.00	4.3%	1.2%	2.7%	12.7%	4.7%	0.5%	0.2%	-9.5M	7.6M	-423.9K	0.00	13.22	0	120	16,416	24,061
2024-03-15	$107.69	$107.00	4.2%	1.2%	2.6%	11.6%	4.5%	0.9%	0.2%	-10.7M	9.9M	-410.8K	62.00	13.21	1	62	16,416	24,149
2024-03-18	$107.68	$108.00	4.0%	1.2%	2.6%	7.8%	0.0%	1.1%	0.6%	-14.0M	15.2M	-405.5K	1.00	10.54	1,773	1,774	16,386	21,996
2024-03-19	$107.77	$108.00	4.1%	1.2%	2.6%	9.6%	4.8%	0.5%	0.8%	-8.7M	-1.9M	-433.9K	6.54	9.45	739	4,830	18,160	23,769
2024-03-20	$107.84	$108.00	3.8%	1.1%	2.6%	4.2%	4.0%	0.3%	0.6%	-42.0M	2.1M	-480.6K	2.41	10.22	528	1,274	19,387	28,849
2024-03-21	$107.78	$108.00	4.0%	1.1%	2.5%	6.9%	0.0%	-0.0%	0.5%	-48.3M	6.7M	-483.6K	12.00	9.22	1	12	19,912	30,110
2024-03-22	$107.94	$108.00	3.6%	1.0%	2.1%	0.0%	3.9%	0.3%	0.7%	-3.3M	-6.0M	-482.7K	1.28	5.32	127	163	19,913	30,102
2024-03-25	$107.62	$108.00	3.9%	1.1%	2.3%	5.7%	3.6%	0.5%	0.7%	-35.5M	46.5M	-526.8K	1.17	8.58	88	103	19,985	30,223
2024-03-26	$107.56	$108.00	3.5%	1.0%	2.2%	0.0%	3.7%	0.2%	0.4%	-67.0M	53.3M	-488.1K	134.10	9.89	10	1,341	20,072	30,344
2024-03-27	$107.69	$108.00	3.5%	1.0%	2.2%	0.2%	3.6%	1.2%	0.4%	-24.8M	42.1M	-468.6K	0.80	10.77	5	4	20,066	30,364
2024-03-28	$107.63	$108.00	3.4%	1.0%	2.2%	0.0%	2.4%	0.4%	0.6%	-51.6M	38.3M	-452.3K	5.00	6.61	3	15	20,071	30,364