MUB Options History — March 2025

In March 2025, MUB traded between $104.72 and $107.30. ATM implied volatility averaged 6.9%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 3.3% (HV 20d: 3.7%). Max pain ranged from $106.00 to $107.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 196.72.

Notable Days

  • 2025-03-21: Highest Volume — 31,892 contracts
  • 2025-03-21: Largest IV spike — 72.0% change
  • 2025-03-21: Highest IV Rank — 78.8%
  • 2025-03-25: Largest Expected Move — 3.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$105.94$104.72$107.30$107.30$105.40
Max Pain$106.76$106.00$107.00$107.00$106.00
ATM IV6.9%5.2%9.6%6.0%7.1%
Expected Move2.0%1.5%3.6%1.7%2.1%
HV 20d3.7%3.0%4.3%3.9%3.6%
HV 60d4.1%3.7%4.4%4.3%3.9%
IV Rank47.6%27.3%78.8%36.8%49.0%
IV Percentile91.9%73.0%99.2%92.9%93.7%
Term Structure0.1%-3.4%3.7%-0.1%0.2%
VWIV7.2%4.2%12.9%8.3%4.7%
Skew 25d2.0%-3.0%10.3%0.7%1.4%
Skew 10d2.7%-4.5%7.5%3.2%7.4%
Call IV 25d6.4%3.5%12.9%6.0%6.6%
Put IV 25d8.4%6.3%17.2%6.7%8.1%
Bid-Ask Spread %39.597.16126.3618.6931.47
Gamma HHI0.410.190.800.720.35
Net GEX-12.5M-60.6M27.3M21.7M-41.5M
Net DEX22.7M-36.9M134.3M-36.9M36.6M
Net VEX-275.5K-778.1K-100.3K-159.8K-197.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio196.720.022277.00117.0038.00
Total Volume6,695.429331,892242234
Total OI41,525.47616,50478,43016,50465,892

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$107.30$107.006.0%1.7%3.9%36.8%8.3%0.7%-0.1%21.7M-36.9M-159.8K0.0018.69024211,5894,915
2025-03-04$106.95$107.009.4%2.7%4.1%77.2%0.0%4.5%-3.0%20.8M-33.7M-125.8K0.0055.900711,5894,917
2025-03-05$106.78$107.005.2%1.5%4.1%27.3%5.0%1.4%0.4%19.6M-17.4M-115.1K117.0013.68111711,5894,920
2025-03-06$106.52$107.005.7%1.6%4.0%32.9%5.9%1.2%0.1%14.8M-16.3M-100.3K1.0316.545,0135,15711,5905,030
2025-03-07$106.40$107.005.6%1.6%4.0%31.6%5.5%0.7%-0.1%15.1M-17.2M-185.4K0.048.074,21518116,58410,058
2025-03-10$106.54$107.005.6%1.6%4.0%32.2%6.0%0.9%0.2%27.3M-35.8M-203.8K0.0213.37241420,65210,166
2025-03-11$106.19$107.006.3%1.8%4.1%40.0%6.7%0.9%-0.0%15.1M-13.7M-206.7K2.0815.998051,67520,88310,169
2025-03-12$105.75$107.006.6%1.8%4.3%43.9%4.2%1.3%-0.3%-2.3M14.6M-176.0K0.987.585,1755,06321,68811,791
2025-03-13$105.84$107.006.3%1.7%4.0%39.8%6.2%1.4%0.0%-269.7K11.6M-303.6K1.997.165,04610,04226,55616,808
2025-03-14$105.84$107.006.0%1.6%3.7%36.5%6.1%1.1%0.3%-5.7M11.7M-225.6K3.389.68248123,51413,326
2025-03-17$105.87$107.006.2%1.8%3.6%38.6%6.4%1.0%0.1%-13.3M10.5M-201.3K1.0624.93171823,51413,375
2025-03-18$105.94$107.006.1%1.9%3.6%37.4%6.3%0.7%0.4%-22.0M12.2M-174.3K0.9330.13403723,50713,387
2025-03-19$105.94$107.006.0%1.7%3.5%36.0%0.0%0.9%0.0%-24.4M14.3M-178.3K0.0067.970323,52813,412
2025-03-20$106.03$107.005.6%1.7%3.4%31.4%7.4%0.6%0.5%-44.5M10.4M-151.6K954.4330.852120,04323,52813,415
2025-03-21$105.78$107.009.6%2.2%3.3%78.8%10.2%-3.0%-3.4%-6.1M15.6M-260.7K2277.00126.361431,87823,52623,938
2025-03-24$105.52$107.008.0%2.3%3.4%60.4%9.7%5.6%0.6%-25.6M95.8M-627.2K0.4993.127,6353,74713,65248,479
2025-03-25$105.34$106.009.3%3.6%3.0%75.1%12.9%10.3%2.1%-56.4M88.6M-479.8K1.1389.317,6568,6148,90151,194
2025-03-26$104.85$106.009.0%2.7%3.1%72.0%10.6%7.9%3.7%-38.0M134.3M-778.1K138.5987.82172,35616,46459,738
2025-03-27$104.72$106.008.0%2.4%3.1%60.1%7.8%1.7%0.0%-60.6M120.3M-582.5K1.0051.217,5407,53016,47761,953
2025-03-28$105.22$106.008.2%2.4%3.6%62.5%0.0%1.1%0.3%-55.5M72.1M-352.3K1.8031.50417410,17755,644
2025-03-31$105.40$106.007.1%2.1%3.6%49.0%4.7%1.4%0.2%-41.5M36.6M-197.3K38.0031.47622810,18555,707