MUB Options History — June 2025

In June 2025, MUB traded between $103.23 and $104.48. ATM implied volatility averaged 5.9%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded above realized volatility by 2.0% (HV 20d: 4.0%). Max pain ranged from $104.00 to $104.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 20.13.

Notable Days

  • 2025-06-27: Highest Volume — 18,023 contracts
  • 2025-06-09: Largest IV spike — 19.6% change
  • 2025-06-17: Highest IV Rank — 25.1%
  • 2025-06-17: Largest Expected Move — 1.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.86$103.23$104.48$103.28$104.48
Max Pain$104.00$104.00$104.00$104.00$104.00
ATM IV5.9%5.0%6.7%5.8%5.7%
Expected Move1.7%1.5%1.9%1.7%1.6%
HV 20d4.0%3.6%4.3%4.2%3.6%
HV 60d6.6%6.6%6.7%6.6%6.6%
IV Rank20.0%13.9%25.1%19.3%18.1%
IV Percentile70.2%48.0%83.3%72.6%62.3%
Term Structure0.5%-0.3%1.1%0.6%0.5%
VWIV6.2%5.0%7.0%5.9%6.2%
Skew 25d0.1%-0.6%0.6%0.1%0.5%
Skew 10d0.5%-3.6%3.5%-0.7%0.5%
Call IV 25d5.9%5.1%6.6%5.6%5.1%
Put IV 25d6.0%4.9%6.8%5.8%5.6%
Bid-Ask Spread %20.3414.1527.9216.6425.65
Gamma HHI0.200.190.230.210.23
Net GEX46.6M23.6M73.8M28.5M53.7M
Net DEX-99.5M-169.3M-33.0M-37.3M-138.1M
Net VEX-922.4K-1.1M-755.7K-917.6K-755.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio20.130.00264.240.161.25
Total Volume4,303.61218,02376345
Total OI94,808.7579,980109,47479,98097,001

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$103.28$104.005.8%1.7%4.2%19.3%5.9%0.1%0.6%28.5M-37.3M-917.6K0.1616.6465910449,29230,688
2025-06-03$103.33$104.005.7%1.6%4.2%18.1%6.2%-0.1%0.8%31.3M-44.5M-955.7K0.0217.70150350,02330,807
2025-06-04$103.57$104.005.5%1.6%4.0%17.0%0.0%-0.6%0.7%38.6M-74.7M-940.4K30.0016.8439049,90330,805
2025-06-05$103.53$104.005.1%1.7%4.0%14.5%6.2%-0.3%1.0%38.8M-65.2M-905.5K0.9723.305,2545,09649,90630,817
2025-06-06$103.23$104.005.0%1.8%4.0%13.9%0.0%-0.3%1.1%31.7M-33.0M-984.9K1.4027.925754,89335,743
2025-06-09$103.48$104.006.0%1.8%4.1%20.4%6.4%0.2%0.9%39.2M-61.7M-977.4K0.0020.395,5961554,89835,747
2025-06-10$103.43$104.006.2%1.8%4.1%22.0%6.5%0.3%0.8%23.6M-44.5M-942.1K1.0220.0411111350,97835,762
2025-06-11$103.66$104.006.4%1.8%4.1%23.0%6.6%0.1%0.6%27.6M-58.1M-916.5K0.0020.8812,5354051,05935,775
2025-06-12$104.12$104.006.0%1.7%4.3%20.5%6.2%-0.1%0.8%60.6M-159.5M-1.0M0.0120.983,0482263,58635,783
2025-06-13$103.88$104.006.2%1.8%4.1%22.0%6.0%0.3%0.5%54.6M-115.4M-1.0M0.0017.972,049866,58935,799
2025-06-16$103.97$104.006.6%1.9%4.1%24.5%6.6%0.1%0.2%59.4M-140.2M-1.0M0.0017.785,0261268,60535,808
2025-06-17$104.09$104.006.7%1.9%4.1%25.1%6.6%0.3%-0.3%73.8M-169.3M-1.1M264.2417.803810,04173,61635,816
2025-06-18$104.02$104.006.3%1.8%4.1%22.6%5.9%0.2%0.2%70.4M-143.5M-998.0K0.0022.9611,6211073,61735,857
2025-06-20$103.95$104.006.3%1.8%3.7%22.5%6.3%-0.0%-0.1%61.1M-113.8M-892.9K0.0723.2258465,76835,860
2025-06-23$104.07$104.006.2%1.8%3.7%21.7%6.3%-0.1%0.1%46.4M-115.5M-827.2K28.3716.59712,01461,40634,360
2025-06-24$104.22$104.006.1%1.7%3.7%20.8%6.0%0.6%0.4%46.9M-118.6M-869.9K73.2824.48292,12561,43436,360
2025-06-25$104.20$104.005.7%1.6%3.6%18.5%6.1%0.4%0.4%44.0M-103.0M-845.8K1.3317.096861,43638,487
2025-06-26$104.34$104.005.9%1.7%3.6%19.4%7.0%-0.1%0.2%51.7M-125.8M-779.0K0.0024.392,033061,44038,495
2025-06-27$104.31$104.005.4%1.5%3.6%16.5%5.0%0.1%0.3%50.5M-127.9M-804.1K0.3914.1513,0085,01563,46138,495
2025-06-30$104.48$104.005.7%1.6%3.6%18.1%6.2%0.5%0.5%53.7M-138.1M-755.7K1.2525.65202560,99536,006