MFC Options History — August 2018

In August 2018, MFC traded between $17.88 and $18.80. ATM implied volatility averaged 18.9%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 2.6% (HV 20d: 16.2%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.43.

Notable Days

  • 2018-08-08: Highest Volume — 1,923 contracts
  • 2018-08-14: Largest IV drop — 40.7% change
  • 2018-08-08: Highest IV Rank — 9.0%
  • 2018-08-02: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.43$17.88$18.80$18.52$18.31
Max Pain$18.87$18.00$19.00$18.00$19.00
ATM IV18.9%14.4%28.6%23.3%16.5%
Expected Move5.0%4.1%7.3%6.7%4.7%
HV 20d16.2%13.1%18.5%13.1%18.5%
HV 60d16.5%15.7%17.6%16.3%16.2%
IV Rank3.2%0.6%9.0%5.8%1.8%
IV Percentile33.8%0.4%98.0%81.0%10.7%
Term Structure-0.2%-6.1%2.0%-5.1%1.1%
VWIV24.4%13.1%90.6%54.8%16.4%
Skew 25d3.2%-4.1%6.3%3.4%-0.0%
Skew 10d7.1%-4.8%32.6%4.1%-1.4%
Call IV 25d15.8%12.5%23.6%20.8%16.1%
Put IV 25d19.1%16.0%28.3%24.2%16.0%
Bid-Ask Spread %64.6917.06138.91122.0651.01
Gamma HHI0.340.280.560.290.34
Net GEX-11.4K-130.3K52.2K11.2K-7.8K
Net DEX-19.6K-1.2M1.4M163.5K406.2K
Net VEX-15.4K-17.1K-13.2K-15.7K-13.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.230.720.520.34
Total Volume1,3201,0041,9231,1981,089
Total OI7,629.5226,6388,9266,6387,057

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$18.52$18.0023.3%6.7%13.1%5.8%54.8%3.4%-5.1%11.2K163.5K-15.7K0.52122.06N/AN/A7894093,9372,701
2018-08-02$18.25$18.0025.6%7.3%14.4%7.2%90.6%6.3%-6.1%-9.4K800.3K-15.1K0.38135.67N/AN/A9703734,0272,836
2018-08-03$18.16$18.0022.6%6.5%14.5%5.4%89.2%-4.1%-4.1%-14.3K717.3K-15.8K0.37138.91N/AN/A1,0123744,2732,865
2018-08-06$17.89$19.0025.6%5.5%15.1%7.2%18.4%2.3%-1.0%-30.2K1.3M-14.5K0.5440.13N/AN/A1,0005424,3232,882
2018-08-07$17.88$19.0026.0%5.6%14.9%7.4%18.5%2.6%-1.1%-30.0K1.4M-15.1K0.5194.43N/AN/A9384764,4423,082
2018-08-08$18.08$19.0028.6%5.4%13.1%9.0%18.8%2.7%-0.8%-51.2K1.1M-15.8K0.38108.79N/AN/A1,3985254,4763,289
2018-08-09$18.38$19.0017.3%5.1%14.2%2.3%15.5%4.6%1.4%-4.2K-329.6K-17.1K0.66106.97N/AN/A1,1117354,9513,530
2018-08-10$18.22$19.0018.8%4.7%14.5%3.1%13.1%4.2%2.0%-130.3K489.9K-16.6K0.72101.96N/AN/A9176584,9693,925
2018-08-13$18.25$19.0024.4%4.9%14.4%6.5%13.4%3.9%1.8%-122.6K319.2K-16.2K0.7150.09N/AN/A9316584,9853,924
2018-08-14$18.74$19.0014.5%4.4%17.1%0.6%16.1%5.3%1.2%-18.0K-1.2M-16.7K0.2339.58N/AN/A1,0582485,0023,924
2018-08-15$18.57$19.0017.1%4.9%17.4%2.1%17.6%4.1%-0.7%-24.0K-889.3K-16.1K0.2448.62N/AN/A1,0522484,8703,914
2018-08-16$18.64$19.0015.5%4.4%16.4%1.2%16.0%4.8%1.3%-9.3K-1.0M-15.8K0.2846.06N/AN/A1,0112784,8823,914
2018-08-17$18.80$19.0015.3%4.4%16.6%1.1%16.3%5.9%1.7%6.9K-1.1M-16.0K0.3344.08N/AN/A8762854,8243,954
2018-08-20$18.52$19.0015.4%4.4%17.5%1.2%16.4%4.5%1.7%3.3K-138.0K-15.5K0.2918.29N/AN/A8542454,1452,812
2018-08-21$18.58$19.0015.6%4.5%17.3%1.2%16.4%4.9%0.7%23.2K-370.6K-15.5K0.3418.43N/AN/A8342864,2152,822
2018-08-22$18.49$19.0016.7%4.8%17.4%1.9%16.5%2.8%0.7%15.0K-156.1K-15.6K0.3552.72N/AN/A8232864,2682,856
2018-08-23$18.31$19.0017.4%5.0%17.7%2.3%15.4%0.8%-0.7%-16.9K405.7K-14.9K0.2623.89N/AN/A7962084,2682,856
2018-08-24$18.46$19.0017.1%4.9%17.8%2.1%15.7%1.5%-0.4%-4.3K119.0K-15.0K0.2617.06N/AN/A7972084,2702,857
2018-08-27$18.72$19.0015.6%4.5%18.5%1.2%15.8%4.6%0.9%31.1K-638.9K-14.9K0.2624.51N/AN/A8212174,2772,858
2018-08-28$18.73$19.0015.2%4.4%18.0%1.0%16.5%3.5%1.0%33.5K-595.7K-14.7K0.62118.47N/AN/A8205074,3172,853
2018-08-29$18.77$19.0014.4%4.1%17.9%0.6%17.2%4.7%1.0%52.2K-785.3K-14.2K0.6236.41N/AN/A8225074,3192,701
2018-08-30$18.65$19.0015.8%4.5%17.2%1.4%16.3%1.8%-0.1%33.2K-420.3K-13.9K0.6149.72N/AN/A8525164,3262,701
2018-08-31$18.31$19.0016.5%4.7%18.5%1.8%16.4%-0.0%1.1%-7.8K406.2K-13.2K0.3451.01N/AN/A8132764,3362,721