MUB Options History — September 2024

In September 2024, MUB traded between $107.69 and $108.69. ATM implied volatility averaged 4.0%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 1.1%. IV traded above realized volatility by 1.8% (HV 20d: 2.2%). Max pain ranged from $106.00 to $108.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 2.09.

Notable Days

2024-09-23: Highest Volume — 10,102 contracts
2024-09-04: Largest IV spike — 12.0% change
2024-09-13: Highest IV Rank — 23.9%
2024-09-13: Largest Expected Move — 1.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$108.37	$107.69	$108.69	$107.69	$108.65
Max Pain	$107.15	$106.00	$108.00	$108.00	$108.00
ATM IV	4.0%	3.6%	4.2%	3.6%	4.2%
Expected Move	1.1%	1.0%	1.2%	1.0%	1.2%
HV 20d	2.2%	1.7%	2.7%	2.7%	1.8%
HV 60d	2.9%	2.6%	3.4%	3.4%	2.6%
IV Rank	18.9%	9.2%	23.9%	9.2%	23.6%
IV Percentile	15.8%	3.2%	27.0%	3.2%	27.0%
Term Structure	0.4%	0.1%	1.0%	0.5%	0.3%
VWIV	4.0%	3.4%	4.4%	3.5%	4.2%
Skew 25d	0.2%	-0.7%	1.0%	0.8%	0.2%
Skew 10d	0.5%	-1.1%	3.0%	0.9%	0.0%
Call IV 25d	3.7%	3.1%	4.2%	3.1%	3.7%
Put IV 25d	3.9%	3.0%	4.5%	3.9%	3.8%
Bid-Ask Spread %	8.57	5.70	12.10	8.21	5.70
Gamma HHI	0.59	0.30	0.89	0.89	0.45
Net GEX	-7.3M	-27.9M	551.3K	-27.9M	-974.4K
Net DEX	1.2M	-10.0M	16.6M	16.6M	-10.0M
Net VEX	-79.8K	-235.3K	-11.3K	-65.4K	-219.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.09	0.00	27.89	0.26	0.17
Total Volume	585.1	3	10,102	43	69
Total OI	10,633.2	2,864	13,001	9,882	13,001

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
2024-09-03	$107.69	$108.00	3.6%	1.0%	2.7%	9.2%	3.5%	0.8%	0.5%	-27.9M	16.6M	-65.4K	0.26	8.21	34	9	435	9,447
2024-09-04	$107.91	$108.00	4.0%	1.1%	2.7%	19.3%	4.1%	1.0%	0.1%	-23.2M	16.6M	-64.8K	2.00	6.67	5	10	458	9,456
2024-09-05	$108.12	$106.00	3.9%	1.1%	2.5%	17.7%	3.9%	0.5%	0.5%	-18.8M	10.5M	-53.7K	0.24	9.20	45	11	463	9,449
2024-09-06	$108.19	$106.00	4.1%	1.1%	2.4%	22.4%	3.4%	0.8%	0.7%	-17.8M	10.0M	-51.2K	0.00	8.51	6	0	508	9,460
2024-09-09	$108.22	$106.00	4.0%	1.2%	2.4%	18.4%	0.0%	0.4%	0.4%	-15.5M	5.9M	-37.8K	0.15	8.45	20	3	514	9,460
2024-09-10	$108.47	$106.00	3.8%	1.1%	2.5%	14.2%	4.2%	1.0%	1.0%	-8.4M	1.2M	-24.6K	1.54	7.60	13	20	534	9,460
2024-09-11	$108.40	$107.00	4.2%	1.2%	2.5%	23.0%	4.1%	0.2%	0.4%	-8.6M	1.5M	-24.5K	0.27	10.73	37	10	531	9,480
2024-09-12	$108.35	$107.00	4.1%	1.2%	2.5%	20.6%	4.0%	0.1%	0.4%	-7.1M	428.3K	-20.7K	0.50	8.20	2	1	537	9,483
2024-09-13	$108.50	$107.00	4.2%	1.2%	2.1%	23.9%	4.4%	0.1%	0.4%	551.3K	-2.3M	-12.5K	27.89	11.17	36	1,004	539	9,484
2024-09-16	$108.60	$107.00	4.0%	1.1%	2.1%	19.0%	0.0%	0.0%	0.3%	-3.8M	-1.2M	-16.8K	0.00	11.63	0	13	541	10,489
2024-09-17	$108.60	$107.00	4.0%	1.2%	2.1%	20.2%	0.0%	0.1%	0.4%	-3.0M	-1.5M	-15.5K	1.60	12.10	5	8	541	10,502
2024-09-18	$108.55	$107.00	3.8%	1.1%	2.1%	15.7%	3.9%	0.0%	0.6%	-1.3M	-2.3M	-11.3K	1.29	10.57	34	44	541	10,506
2024-09-19	$108.40	$107.00	3.7%	1.1%	2.2%	12.9%	3.8%	0.4%	0.7%	-1.4M	-660.5K	-18.3K	0.92	9.92	12	11	574	10,490
2024-09-20	$108.41	$107.00	4.0%	1.1%	2.0%	19.0%	3.9%	-0.3%	0.4%	-1.2M	-338.2K	-19.1K	0.75	8.62	4	3	575	10,494
2024-09-23	$108.43	$107.00	4.0%	1.1%	1.8%	18.8%	4.0%	0.4%	0.3%	-1.1M	-725.0K	-15.1K	1.00	6.15	5,052	5,050	419	2,445
2024-09-24	$108.43	$108.00	4.1%	1.2%	1.8%	22.7%	4.2%	-0.5%	0.1%	-1.6M	-4.5M	-232.0K	0.34	6.42	38	13	5,447	7,492
2024-09-25	$108.38	$108.00	4.2%	1.2%	1.8%	23.8%	4.2%	-0.7%	0.3%	-1.7M	-2.6M	-235.3K	0.42	6.20	12	5	5,452	7,503
2024-09-26	$108.38	$108.00	3.8%	1.1%	1.7%	14.4%	3.9%	-0.7%	0.4%	-2.0M	-3.8M	-230.8K	0.03	7.61	30	1	5,457	7,508
2024-09-27	$108.69	$108.00	4.0%	1.2%	1.9%	19.6%	4.2%	0.6%	0.4%	-736.6K	-9.2M	-226.1K	0.33	7.69	24	8	5,480	7,509
2024-09-30	$108.65	$108.00	4.2%	1.2%	1.8%	23.6%	4.2%	0.2%	0.3%	-974.4K	-10.0M	-219.7K	0.17	5.70	59	10	5,484	7,517