PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $2.99B, listed on AMEX, carrying a beta of 0.79 to the broader market. MUNI is an actively managed municipal bond fund, meaning that its portfolio tilts are dynamic and can deviate quite a bit from neutral exposure. public since 2009-11-30.
Snapshot as of Oct 13, 2026.
- Spot Price
- $50.06
- Total OI
- 143
- Total Volume
- 10
- Front Expiration
- 38 days
- Second Expiration
- 66 days
- ATM IV
- 6.1%
- Avg Bid/Ask Spread
- 83.09%
As of Oct 13, 2026, PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) has 143 open contracts and 10 contracts traded. The nearest expiration is 38 days out, followed by 66 days. ATM implied volatility is 6.1%. Average bid/ask spread across the chain is 83.09%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How MUNI options chain Data Feeds Strategy Selection
Strategy selection on PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 6.1% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the MUNI chain depth
The listed-expirations table below shows every expiration available for PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. MUNI front expiration sits at 38 days - the typical hedging horizon for monthly options. The backwardated slope of -0.002 means near-dated IV is pricing acute event risk.
MUNI chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the MUNI chain is 83.09% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the MUNI chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. MUNI's current 1.75% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
MUNI listed expirations
Per-expiration ATM implied volatility for MUNI options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Oct 16, 2026 | 3 | 6.1% |
| Nov 20, 2026 | 38 | 3.4% |
| Dec 18, 2026 | 66 | 3.2% |
| Mar 19, 2027 | 157 | 4.8% |
Frequently asked MUNI options chain questions
- What does the MUNI options chain show right now?
- As of Oct 13, 2026, PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) has 143 contracts outstanding and 10 traded today, with ATM IV of 6.1%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for MUNI options?
- The nearest expiration is 38 days out, followed by 66 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are MUNI options bid/ask spreads?
- Average bid/ask spread across the chain is 83.09%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.