MFC Options History — June 2014

In June 2014, MFC traded between $18.47 and $19.87. ATM implied volatility averaged 16.2%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 1.4% (HV 20d: 14.8%). Max pain ranged from $14.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.50.

Notable Days

2014-06-23: Highest Volume — 781 contracts
2014-06-20: Largest IV drop — 17.5% change
2014-06-02: Highest IV Rank — 20.5%
2014-06-02: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.26	$18.47	$19.87	$18.47	$19.87
Max Pain	$17.05	$14.00	$18.00	$18.00	$18.00
ATM IV	16.2%	14.5%	18.6%	18.6%	15.6%
Expected Move	4.7%	4.1%	5.3%	5.3%	4.5%
HV 20d	14.8%	12.5%	18.8%	17.7%	12.5%
HV 60d	18.0%	17.2%	18.7%	18.3%	17.6%
IV Rank	11.7%	5.5%	20.5%	20.5%	9.4%
IV Percentile	7.9%	0.8%	21.8%	21.8%	5.2%
Term Structure	1.9%	0.2%	3.7%	0.2%	2.2%
VWIV	15.9%	12.9%	20.0%	17.9%	15.8%
Skew 25d	3.0%	-0.1%	5.6%	2.8%	5.6%
Skew 10d	6.3%	-0.3%	20.5%	4.7%	8.9%
Call IV 25d	15.0%	12.9%	18.9%	15.5%	14.1%
Put IV 25d	18.0%	15.4%	20.0%	18.3%	19.7%
Bid-Ask Spread %	35.08	15.71	69.86	32.41	17.07
Gamma HHI	0.33	0.24	0.42	0.30	0.24
Net GEX	268.0K	162.8K	376.0K	170.6K	184.8K
Net DEX	-5.1M	-8.1M	-2.0M	-2.0M	-5.9M
Net VEX	-60.7K	-63.2K	-58.2K	-62.2K	-58.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.50	0.00	10.00	1.15	0.00
Total Volume	130.905	2	781	43	2
Total OI	16,218.667	13,941	17,329	16,810	14,029

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2014-06-02	$18.47	$18.00	18.6%	5.3%	17.7%	20.5%	17.9%	2.8%	0.2%	170.6K	-2.0M	-62.2K	1.15	32.41	N/A	N/A	20	23	9,218	7,592
2014-06-03	$18.78	$18.00	16.3%	4.7%	18.8%	12.1%	16.0%	2.8%	0.8%	232.1K	-3.2M	-62.7K	0.03	17.88	N/A	N/A	80	2	9,238	7,603
2014-06-04	$18.93	$18.00	16.0%	4.6%	17.8%	10.9%	14.5%	0.8%	1.0%	276.5K	-4.1M	-62.7K	0.21	44.13	N/A	N/A	140	30	9,303	7,603
2014-06-05	$18.98	$18.00	15.7%	4.5%	17.5%	10.1%	16.2%	1.2%	1.2%	293.1K	-4.4M	-63.2K	0.00	57.78	N/A	N/A	6	0	9,427	7,609
2014-06-06	$19.02	$14.00	14.5%	4.7%	17.2%	5.6%	0.0%	3.5%	2.0%	315.9K	-4.6M	-62.9K	3.33	69.86	N/A	N/A	6	20	9,433	7,609
2014-06-09	$19.10	$14.00	15.2%	5.0%	14.8%	8.1%	0.0%	4.5%	1.2%	335.9K	-5.2M	-62.0K	10.00	63.23	N/A	N/A	4	40	9,433	7,616
2014-06-10	$19.09	$14.00	15.9%	5.0%	14.3%	10.6%	12.9%	1.3%	1.1%	330.2K	-5.1M	-61.8K	0.19	27.20	N/A	N/A	77	15	9,433	7,652
2014-06-11	$18.99	$14.00	16.9%	4.7%	14.4%	14.2%	19.0%	2.1%	2.3%	320.8K	-4.7M	-61.4K	2.73	33.06	N/A	N/A	11	30	9,483	7,660
2014-06-12	$18.86	$14.00	17.0%	4.9%	14.4%	14.7%	13.1%	4.7%	1.8%	318.7K	-4.2M	-61.4K	3.10	44.62	N/A	N/A	20	62	9,494	7,690
2014-06-13	$18.88	$18.00	16.7%	4.8%	13.6%	13.7%	16.7%	4.4%	1.3%	334.1K	-4.2M	-60.7K	0.00	42.78	N/A	N/A	12	0	9,510	7,734
2014-06-16	$18.92	$18.00	16.4%	4.7%	13.2%	12.6%	20.0%	-0.1%	2.4%	376.0K	-4.2M	-60.2K	1.00	47.34	N/A	N/A	10	10	9,518	7,734
2014-06-17	$19.24	$18.00	17.6%	5.0%	14.2%	16.8%	17.8%	2.6%	1.9%	364.6K	-5.6M	-60.3K	0.00	48.03	N/A	N/A	159	0	9,528	7,744
2014-06-18	$19.42	$18.00	17.9%	5.1%	13.8%	18.1%	13.3%	0.6%	1.4%	277.1K	-6.3M	-60.3K	0.31	15.71	N/A	N/A	303	94	9,432	7,744
2014-06-19	$19.44	$18.00	18.1%	5.2%	13.2%	18.6%	0.0%	1.4%	1.5%	283.8K	-6.5M	-59.2K	0.45	19.99	N/A	N/A	132	60	9,393	7,835
2014-06-20	$19.86	$18.00	14.9%	4.3%	14.5%	7.2%	14.9%	4.8%	2.4%	345.8K	-8.1M	-59.6K	0.37	42.55	N/A	N/A	323	121	9,464	7,865
2014-06-23	$19.70	$18.00	16.2%	4.7%	15.1%	11.9%	16.1%	2.4%	1.9%	162.8K	-5.6M	-59.1K	1.97	16.19	N/A	N/A	263	518	7,426	6,568
2014-06-24	$19.61	$18.00	14.5%	4.1%	14.8%	5.5%	0.0%	5.3%	3.7%	170.2K	-5.5M	-59.2K	1.50	16.36	N/A	N/A	34	51	7,581	6,360
2014-06-25	$19.61	$18.00	15.3%	4.4%	12.9%	8.5%	0.0%	2.9%	3.6%	171.7K	-5.3M	-59.4K	1.25	45.88	N/A	N/A	12	15	7,598	6,395
2014-06-26	$19.75	$18.00	14.5%	4.2%	12.9%	5.6%	14.1%	3.9%	3.6%	182.7K	-5.5M	-59.8K	4.00	17.44	N/A	N/A	4	16	7,599	6,410
2014-06-27	$19.87	$18.00	15.8%	4.5%	12.6%	10.2%	15.8%	5.4%	3.0%	181.3K	-5.9M	-58.8K	0.00	17.10	N/A	N/A	24	0	7,603	6,426
2014-06-30	$19.87	$18.00	15.6%	4.5%	12.5%	9.4%	0.0%	5.6%	2.2%	184.8K	-5.9M	-58.2K	0.00	17.07	N/A	N/A	2	0	7,603	6,426