MUB Options History — April 2025

In April 2025, MUB traded between $102.22 and $105.81. ATM implied volatility averaged 10.2%, placing in the 54.1% IV rank vs the trailing year. The 30-day expected move averaged 2.8%. IV traded above realized volatility by 1.7% (HV 20d: 8.5%). Max pain ranged from $104.00 to $106.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 91.46.

Notable Days

  • 2025-04-08: Highest Volume — 22,166 contracts
  • 2025-04-04: Largest IV spike — 46.8% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-10: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.89$102.22$105.81$105.53$104.66
Max Pain$104.86$104.00$106.00$106.00$104.00
ATM IV10.2%7.3%18.0%7.4%7.3%
Expected Move2.8%2.1%4.6%2.4%2.1%
HV 20d8.5%3.6%10.4%3.6%10.3%
HV 60d5.9%3.9%6.6%3.9%6.6%
IV Rank54.1%29.3%100.0%53.1%29.3%
IV Percentile94.6%85.7%100.0%93.7%85.7%
Term Structure-0.7%-4.1%1.0%0.4%0.4%
VWIV10.7%7.4%18.2%7.8%7.7%
Skew 25d1.1%-0.6%3.2%2.5%-0.6%
Skew 10d2.8%-1.8%10.7%7.4%2.5%
Call IV 25d9.4%7.2%13.8%7.2%7.8%
Put IV 25d10.5%7.0%16.9%9.7%7.3%
Bid-Ask Spread %47.2511.49108.0323.0826.56
Gamma HHI0.250.170.490.210.24
Net GEX-30.3M-65.8M14.6M-38.8M14.6M
Net DEX97.3M-76.5M354.5M62.8M-76.5M
Net VEX-491.2K-816.1K-179.3K-358.7K-809.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio91.460.001001.601.670.01
Total Volume5,055.714722,16616562
Total OI56,426.28642,52378,14465,78167,214

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$105.53$106.007.4%2.4%3.6%53.1%0.0%2.5%0.4%-38.8M62.8M-358.7K1.6723.0861010,13655,645
2025-04-02$105.30$106.008.1%2.3%3.6%61.7%7.8%1.1%-0.3%-42.2M67.0M-345.2K0.1733.096110,14155,645
2025-04-03$105.81$106.008.7%2.5%4.1%68.5%8.4%1.8%-0.6%-29.5M56.1M-393.4K1.5346.887511510,14155,645
2025-04-04$105.70$106.0012.8%2.6%4.1%100.0%13.0%3.0%-0.8%-23.3M62.4M-484.4K0.1640.492,02832010,11355,730
2025-04-07$103.78$106.0018.0%3.5%7.5%100.0%18.2%2.8%-3.6%-56.3M246.4M-676.1K396.00108.0313968,32369,444
2025-04-08$102.64$106.0014.2%4.4%8.3%74.9%14.1%2.7%-4.1%-62.1M354.5M-647.1K253.7888.668722,0798,32369,821
2025-04-09$103.19$106.0013.9%4.0%8.6%73.0%16.7%3.0%-1.1%-50.9M256.4M-493.1K128.81107.5615019,3218,39156,130
2025-04-10$103.19$105.0016.0%4.6%8.5%86.6%14.8%3.2%-3.8%-34.8M176.7M-362.7K28.06102.751995,5838,51440,313
2025-04-11$102.22$105.0011.7%3.3%9.0%58.0%12.9%0.1%-0.5%-34.5M201.9M-261.3K0.6972.144903376,96335,605
2025-04-14$103.25$105.0012.4%3.5%9.9%62.7%13.6%0.2%-2.7%-42.9M147.9M-233.1K22.8982.4092066,86035,724
2025-04-15$103.41$105.009.5%2.7%9.9%43.7%9.5%1.3%0.6%-63.5M165.0M-179.3K1.0327.672,2182,2746,85935,664
2025-04-16$103.60$104.008.5%2.4%10.0%37.1%8.7%0.7%1.0%-65.8M135.8M-184.7K1.0735.3610,01410,6939,05035,454
2025-04-17$103.53$104.008.4%2.4%10.0%36.6%8.4%0.9%0.2%-58.6M150.2M-564.4K70.1431.89211,47319,06144,219
2025-04-21$102.88$104.009.6%2.7%10.1%44.1%10.2%1.5%-0.3%-16.4M62.3M-568.2K10.0925.375555514,89728,449
2025-04-22$103.02$104.009.2%2.6%10.2%41.6%9.3%0.7%-0.2%-17.3M55.8M-550.0K2.3963.69419814,93528,935
2025-04-23$103.50$104.008.3%2.4%10.4%35.6%8.9%-0.1%0.5%-12.5M28.8M-511.7K0.5719.391498514,96428,924
2025-04-24$103.81$104.007.8%2.2%10.3%32.2%9.5%-0.1%0.1%-10.3M13.2M-507.0K0.0315.166,04118314,92128,969
2025-04-25$104.00$104.007.6%2.2%10.4%31.3%7.4%0.1%-0.2%-2.5M-14.7M-620.7K0.0011.4910,142720,95029,046
2025-04-28$104.22$104.008.1%2.3%10.2%34.1%8.1%-0.4%0.3%5.6M-52.5M-748.5K1001.6015.9255,00831,03328,881
2025-04-29$104.35$104.007.7%2.2%10.2%31.5%7.5%-0.6%0.2%4.8M-56.2M-816.1K0.0014.605,118931,03633,884
2025-04-30$104.66$104.007.3%2.1%10.3%29.3%7.7%-0.6%0.4%14.6M-76.5M-809.3K0.0126.56559333,32333,891