MFC Options History — July 2009

In July 2009, MFC traded between $16.32 and $24.31. ATM implied volatility averaged 48.7%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded below realized volatility by 11.8% (HV 20d: 60.5%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 5.52.

Notable Days

  • 2009-07-08: Highest Volume — 6,711 contracts
  • 2009-07-16: Largest IV spike — 48.2% change
  • 2009-07-14: Highest IV Rank — 26.3%
  • 2009-07-08: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.87$16.32$24.31$17.77$24.31
Max Pain$18.30$17.50$20.00$17.50$20.00
ATM IV48.7%36.3%55.7%48.1%45.4%
Expected Move14.9%12.9%18.1%13.8%13.0%
HV 20d60.5%44.8%74.1%67.0%44.8%
HV 60d67.5%65.0%72.9%72.7%65.0%
IV Rank20.1%9.1%26.3%19.6%17.1%
IV Percentile28.1%14.3%40.5%29.8%19.0%
Term Structure-1.2%-5.5%8.1%8.1%-0.7%
VWIV52.9%45.0%64.1%47.3%45.0%
Skew 25d9.1%4.0%15.6%9.2%4.5%
Skew 10d16.6%1.6%27.5%16.1%13.2%
Call IV 25d47.0%37.8%53.4%46.1%44.9%
Put IV 25d56.1%49.0%62.0%55.2%49.5%
Bid-Ask Spread %21.9214.4137.3137.3118.26
Gamma HHI0.390.260.510.410.32
Net GEX-175.6K-375.8K86.0K-224.3K86.0K
Net DEX290.3K-14.5M13.4M5.7M-14.5M
Net VEX-58.2K-65.7K-51.5K-58.2K-51.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.520.0888.330.280.60
Total Volume1,021.2271146,711213351
Total OI29,245.40925,14932,10925,14932,109

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$17.77$17.5048.1%13.8%67.0%19.6%47.3%9.2%8.1%-224.3K5.7M-58.2K0.2837.31N/AN/A167467,45417,695
2009-07-02$17.09$17.5046.4%13.3%65.6%18.0%47.9%15.6%7.1%-245.8K7.8M-55.1K9.4018.90N/AN/A1111,0437,52817,684
2009-07-06$16.54$17.5051.9%16.3%66.0%22.9%57.0%12.2%-2.9%-252.0K9.6M-53.1K1.0219.67N/AN/A4224297,48117,988
2009-07-07$16.32$17.5054.7%16.7%65.9%25.4%57.8%6.6%-3.2%-268.7K10.3M-52.1K0.4115.31N/AN/A3051257,34418,157
2009-07-08$16.49$17.5049.8%18.1%66.0%21.1%64.1%9.0%-4.2%-252.1K9.8M-53.7K12.4014.41N/AN/A5016,2107,39218,223
2009-07-09$16.75$17.5049.6%17.4%66.4%20.9%60.8%15.4%-3.1%-375.3K12.5M-65.6K0.9524.60N/AN/A4434197,61222,599
2009-07-10$16.53$17.5050.0%17.2%64.3%21.2%56.0%7.3%-2.9%-375.8K13.4M-63.5K88.3322.46N/AN/A32657,78722,690
2009-07-13$17.36$17.5053.3%17.1%68.0%24.1%60.0%7.7%-3.3%-374.2K10.4M-65.0K0.2918.74N/AN/A4931437,73822,655
2009-07-14$18.00$17.5055.7%17.4%68.7%26.3%62.7%9.2%-5.5%-337.3K6.8M-65.7K1.2627.66N/AN/A1451828,15722,574
2009-07-15$19.32$17.5036.3%16.0%74.1%9.1%55.8%9.9%-2.5%-257.2K1.4M-64.2K0.5120.96N/AN/A3851978,13522,676
2009-07-16$19.57$17.5053.8%15.4%73.1%24.6%53.8%8.4%-1.7%-231.7K306.6K-62.5K0.4317.68N/AN/A228978,27422,810
2009-07-17$19.55$17.5049.0%14.0%72.6%20.3%50.3%10.4%1.1%-265.6K1.2M-60.8K0.0824.50N/AN/A1,250968,07522,531
2009-07-20$20.23$17.5051.6%14.8%73.6%22.7%49.7%10.7%-2.0%-218.4K103.5K-60.1K0.4924.80N/AN/A193947,25420,041
2009-07-21$20.47$17.5047.1%13.5%47.2%18.7%47.3%11.3%0.3%-193.5K-761.0K-58.5K1.6619.06N/AN/A6411,0647,40720,089
2009-07-22$20.71$17.5050.4%14.5%47.0%21.6%49.7%4.3%-1.8%-191.2K-1.9M-58.7K0.4020.56N/AN/A1,8317397,68020,868
2009-07-23$21.95$20.0045.9%13.2%49.4%17.6%48.3%4.0%-0.3%-45.6K-6.7M-58.4K0.3018.86N/AN/A297889,22121,178
2009-07-24$22.67$20.0045.1%12.9%50.0%16.9%53.5%8.4%-0.5%-4.3K-8.8M-55.9K0.6122.51N/AN/A4082509,12821,203
2009-07-27$24.00$20.0045.9%13.2%52.0%17.6%49.9%8.4%-2.4%25.2K-12.4M-53.0K0.3825.97N/AN/A1,3685209,44321,289
2009-07-28$23.93$20.0045.0%12.9%51.4%16.7%47.1%10.9%-1.3%41.5K-12.5M-55.2K0.2127.58N/AN/A94209,97621,642
2009-07-29$23.42$20.0051.0%14.6%48.7%22.1%50.7%9.1%-3.8%41.9K-11.4M-56.0K0.9425.00N/AN/A23822410,02821,651
2009-07-30$24.19$20.0045.5%13.0%48.9%17.2%49.9%6.9%-0.9%54.8K-13.8M-53.6K0.4317.47N/AN/A23910310,15121,782
2009-07-31$24.31$20.0045.4%13.0%44.8%17.1%45.0%4.5%-0.7%86.0K-14.5M-51.5K0.6018.26N/AN/A22013110,28021,829