MFC Options History — July 2018

In July 2018, MFC traded between $17.79 and $18.58. ATM implied volatility averaged 20.5%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.4% (HV 20d: 16.1%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2018-07-03: Highest Volume — 1,456 contracts
  • 2018-07-11: Largest IV spike — 25.4% change
  • 2018-07-27: Highest IV Rank — 5.8%
  • 2018-07-27: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.11$17.79$18.58$17.81$18.58
Max Pain$17.90$17.00$19.00$19.00$18.00
ATM IV20.5%16.7%23.2%18.2%20.7%
Expected Move6.0%5.2%6.6%5.2%5.9%
HV 20d16.1%13.0%18.5%15.5%13.0%
HV 60d17.5%16.4%18.0%17.4%16.4%
IV Rank4.2%1.9%5.8%2.8%4.3%
IV Percentile53.7%9.1%79.4%28.2%59.1%
Term Structure-2.2%-5.1%3.1%3.1%-2.1%
VWIV32.4%16.5%77.9%16.5%56.4%
Skew 25d2.6%-2.3%6.8%-2.3%6.8%
Skew 10d7.3%-0.9%27.9%1.2%5.9%
Call IV 25d19.6%15.6%22.6%15.6%18.6%
Put IV 25d22.2%13.3%25.4%13.3%25.4%
Bid-Ask Spread %89.5317.69134.6217.69107.08
Gamma HHI0.290.260.390.270.28
Net GEX-9.1K-40.2K22.6K-12.4K22.6K
Net DEX1.3M30.6K2.0M1.9M30.6K
Net VEX-13.6K-16.2K-11.6K-11.6K-16.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.310.970.690.37
Total Volume1,230.7149681,4561,283983
Total OI6,214.3815,3646,7355,3646,638

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$17.81$19.0018.2%5.2%15.5%2.8%16.5%-2.3%3.1%-12.4K1.9M-11.6K0.6917.69N/AN/A7585253,1522,212
2018-07-03$17.88$19.0019.2%5.5%15.6%3.4%20.7%-1.8%1.7%-6.0K1.6M-12.2K0.8932.89N/AN/A7696873,3162,259
2018-07-05$17.90$17.0017.9%6.1%15.4%2.6%23.8%0.9%-1.9%-21.4K1.8M-12.1K0.9087.60N/AN/A7656873,3152,429
2018-07-06$17.90$17.0017.6%5.9%15.4%2.4%22.0%2.5%-1.7%-9.3K1.7M-12.3K0.7784.98N/AN/A8166303,3652,429
2018-07-09$18.08$17.0018.4%6.1%16.0%2.9%17.7%3.0%-1.5%-7.5K1.5M-13.0K0.9576.23N/AN/A6706353,3792,495
2018-07-10$18.19$17.0016.7%5.8%16.2%1.9%22.9%2.5%-2.0%-4.2K1.4M-13.2K0.7767.25N/AN/A7415723,3782,515
2018-07-11$17.79$18.0020.9%6.0%17.7%4.4%22.2%1.9%-2.2%-15.2K2.0M-12.0K0.9147.79N/AN/A7216593,4712,605
2018-07-12$17.86$18.0021.0%6.0%17.3%4.4%23.0%3.1%-2.7%-15.4K1.9M-12.8K0.97116.43N/AN/A6786593,5142,700
2018-07-13$17.98$18.0020.2%5.8%17.4%4.0%22.0%2.7%-1.1%-16.5K1.9M-12.7K0.8877.74N/AN/A7456593,5142,700
2018-07-16$18.09$18.0021.6%6.2%17.7%4.9%24.9%5.9%-2.4%-2.6K1.6M-13.4K0.9783.32N/AN/A7337143,6162,700
2018-07-17$18.10$18.0021.4%6.1%17.7%4.7%22.8%4.4%-2.8%-4.2K1.6M-13.6K0.8782.42N/AN/A6635743,6542,802
2018-07-18$18.25$18.0021.3%6.1%17.9%4.6%24.1%3.0%-3.0%-11.2K1.4M-13.4K0.7870.66N/AN/A6715233,6342,781
2018-07-19$17.99$18.0020.4%5.8%18.5%4.1%21.5%1.9%-2.1%-11.0K1.8M-12.8K0.89106.14N/AN/A7036273,6452,819
2018-07-20$18.00$18.0020.1%5.8%18.5%3.9%28.2%2.5%-1.0%-14.0K1.9M-12.8K0.42134.62N/AN/A8053413,6482,887
2018-07-23$18.13$18.0021.1%6.0%18.0%4.5%19.6%4.1%-3.4%-40.2K1.3M-13.8K0.31127.89N/AN/A8572663,5122,645
2018-07-24$18.28$18.0022.2%6.4%15.0%5.2%29.2%1.5%-2.9%-29.9K876.9K-15.0K0.38128.08N/AN/A7342783,6412,689
2018-07-25$18.34$18.0023.1%6.6%15.0%5.7%36.9%4.5%-4.3%-12.6K766.6K-15.2K0.40129.07N/AN/A6902783,7672,701
2018-07-26$18.45$18.0022.2%6.4%13.6%5.2%72.9%5.1%-4.5%1.0K372.1K-15.9K0.3797.00N/AN/A7432783,8242,711
2018-07-27$18.36$18.0023.2%6.6%13.2%5.8%77.9%4.1%-5.1%6.9K454.7K-16.0K0.38103.26N/AN/A7352783,9942,711
2018-07-30$18.35$18.0022.7%6.5%13.0%5.5%74.7%-2.0%-3.7%11.0K374.2K-15.7K0.39102.02N/AN/A7172784,0242,711
2018-07-31$18.58$18.0020.7%5.9%13.0%4.3%56.4%6.8%-2.1%22.6K30.6K-16.2K0.37107.08N/AN/A7152683,9272,711