MUB Options History — March 2026

In March 2026, MUB traded between $105.63 and $108.27. ATM implied volatility averaged 6.5%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 1.8%. IV traded above realized volatility by 2.6% (HV 20d: 3.9%). Max pain ranged from $107.00 to $108.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 77.54.

Notable Days

  • 2026-03-12: Highest Volume — 8,431 contracts
  • 2026-03-25: Largest IV drop — 18.2% change
  • 2026-03-24: Highest IV Rank — 15.5%
  • 2026-03-20: Largest Expected Move — 2.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$106.88$105.63$108.27$108.27$106.30
Max Pain$107.73$107.00$108.00$108.00$107.00
ATM IV6.5%4.6%7.7%5.9%6.5%
Expected Move1.8%1.5%2.2%1.7%1.9%
HV 20d3.9%2.8%5.2%2.8%5.2%
HV 60d2.9%2.2%3.7%2.2%3.7%
IV Rank11.8%6.3%15.5%10.1%11.9%
IV Percentile76.3%31.7%90.1%71.8%81.7%
Term Structure0.1%-0.5%0.9%0.3%0.2%
VWIV6.5%5.3%8.1%6.0%8.1%
Skew 25d1.4%0.6%2.2%0.8%2.2%
Skew 10d4.7%2.5%7.8%2.5%5.4%
Call IV 25d6.1%4.8%7.6%5.2%5.3%
Put IV 25d7.5%6.0%9.4%6.0%7.5%
Bid-Ask Spread %29.3620.1771.0424.9024.14
Gamma HHI0.390.310.530.390.31
Net GEX-26.5M-39.9M-15.1M-15.1M-35.4M
Net DEX102.4M15.5M174.9M15.5M146.5M
Net VEX-635.4K-753.3K-529.2K-570.6K-630.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio77.540.00562.0041.300.64
Total Volume1,572.727238,4314,18823
Total OI43,121.18234,85449,74734,85443,520

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$108.27$108.005.9%1.7%2.8%10.1%6.0%0.8%0.3%-15.1M15.5M-570.6K41.3024.90994,08914,20820,646
2026-03-03$107.77$108.005.5%1.6%3.2%8.8%5.9%0.9%-0.3%-27.2M54.9M-652.6K1.1771.041,6541,94014,26024,695
2026-03-04$107.78$108.005.3%1.5%3.2%8.2%5.3%1.1%-0.0%-25.1M53.8M-666.5K1.0720.1751755115,81526,463
2026-03-05$107.63$108.004.6%1.5%3.2%6.3%0.0%0.6%0.1%-30.0M59.6M-666.4K0.1327.001271617,78826,973
2026-03-06$107.52$108.005.2%1.6%3.2%8.0%6.3%0.7%-0.2%-28.0M65.1M-684.7K525.2520.5442,10116,31925,471
2026-03-09$107.66$108.005.2%1.6%3.2%8.1%5.9%1.1%0.1%-21.6M54.9M-666.1K0.0528.1755316,31925,320
2026-03-10$107.47$108.006.0%1.7%3.3%10.4%5.8%1.4%-0.5%-34.9M72.7M-606.2K1.0141.342,2762,29216,31125,151
2026-03-11$107.21$108.006.1%1.7%3.3%10.7%5.5%2.2%0.0%-33.8M99.6M-714.9K3.1627.865617720,44529,302
2026-03-12$106.94$108.006.6%1.9%3.4%12.2%6.8%1.9%0.7%-27.2M112.6M-753.3K1.0220.324,1714,26020,50029,227
2026-03-13$107.25$108.007.1%1.9%3.5%13.7%6.7%1.9%0.4%-24.0M89.1M-698.1K0.0031.871,288418,36127,146
2026-03-16$107.38$108.007.2%2.1%3.4%14.0%0.0%1.7%0.2%-16.2M72.1M-686.0K2.1731.10408719,64527,144
2026-03-17$107.22$108.007.0%1.9%3.4%13.4%0.0%1.4%0.1%-19.3M77.1M-676.9K60.0030.28424019,64527,221
2026-03-18$106.97$108.007.2%1.9%3.5%14.0%6.8%1.5%0.4%-24.6M101.0M-668.9K3.4028.745318019,64627,460
2026-03-19$106.84$108.006.8%1.9%3.4%12.8%7.4%1.6%0.2%-39.9M118.7M-645.7K6.2029.0953119,66627,466
2026-03-20$105.95$108.007.5%2.2%4.3%14.9%7.0%1.8%-0.4%-20.8M174.9M-542.3K28.8321.511103,17119,04426,842
2026-03-23$106.40$108.006.9%1.9%4.7%13.1%6.0%1.6%0.0%-28.5M129.3M-599.5K0.6429.851076913,95325,259
2026-03-24$105.68$107.007.7%2.0%5.1%15.5%6.9%1.8%0.2%-21.5M146.3M-576.0K0.5325.72774114,05225,194
2026-03-25$105.98$107.006.3%1.6%5.2%11.3%5.8%1.4%0.5%-29.1M143.8M-535.9K562.0026.01156214,06025,076
2026-03-26$105.63$107.007.3%2.1%5.2%14.3%8.1%1.8%0.5%-25.4M157.4M-529.2K446.4027.4852,23214,06125,626
2026-03-27$105.63$107.007.6%2.2%5.2%15.2%0.0%1.2%-0.2%-28.0M155.5M-608.9K0.2426.1529714,05927,618
2026-03-30$105.97$107.006.8%1.9%5.2%12.8%6.2%1.1%0.9%-28.3M152.7M-599.9K20.7232.70851,76114,07827,611
2026-03-31$106.30$107.006.5%1.9%5.2%11.9%8.1%2.2%0.2%-35.4M146.5M-630.0K0.6424.1414914,16329,357