MFC Options History — January 2019

In January 2019, MFC traded between $14.30 and $16.12. ATM implied volatility averaged 28.5%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 1.2% (HV 20d: 27.2%). Max pain ranged from $14.00 to $18.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.37.

Notable Days

  • 2019-01-18: Highest Volume — 1,108 contracts
  • 2019-01-04: Largest IV drop — 15.5% change
  • 2019-01-02: Highest IV Rank — 13.2%
  • 2019-01-02: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.52$14.30$16.12$14.30$16.05
Max Pain$15.05$14.00$18.00$16.00$18.00
ATM IV28.5%25.3%35.7%35.7%27.9%
Expected Move8.1%6.9%10.2%10.2%6.9%
HV 20d27.2%20.9%33.7%31.1%20.9%
HV 60d32.4%26.8%35.3%34.5%26.8%
IV Rank8.9%7.0%13.2%13.2%8.6%
IV Percentile75.9%64.7%95.6%95.6%73.4%
Term Structure-2.3%-5.2%0.3%-2.1%0.3%
VWIV28.4%24.7%32.5%32.5%24.7%
Skew 25d6.3%-5.4%13.4%6.2%4.5%
Skew 10d8.9%-13.2%22.0%15.4%14.9%
Call IV 25d25.1%20.0%36.2%31.4%22.6%
Put IV 25d31.4%27.0%38.4%37.6%27.0%
Bid-Ask Spread %88.6576.84112.7486.2176.84
Gamma HHI0.340.260.510.480.27
Net GEX-50.0K-254.8K181.5K-254.8K-21.7K
Net DEX3.1M68.0K6.5M6.5M2.0M
Net VEX-15.5K-17.6K-14.1K-14.7K-14.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.370.103.770.570.78
Total Volume353.857221,108365182
Total OI13,408.7629,97015,97014,51410,316

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$14.30$16.0035.7%10.2%31.1%13.2%32.5%6.2%-2.1%-254.8K6.5M-14.7K0.5786.21N/AN/A2331326,3008,214
2019-01-03$14.32$14.0035.0%10.2%30.1%12.8%31.2%8.1%-2.8%-241.1K6.2M-15.6K0.6181.04N/AN/A2461506,5088,268
2019-01-04$14.86$14.0029.6%8.7%33.7%9.6%31.0%6.6%-1.5%-199.6K5.0M-16.3K0.8484.38N/AN/A2111776,5058,309
2019-01-07$14.95$14.0031.3%8.4%31.1%10.6%28.8%5.6%-1.6%-192.9K4.8M-15.4K2.7281.90N/AN/A501366,5158,366
2019-01-08$15.16$15.0032.0%8.5%31.6%11.0%29.3%6.4%-0.8%-141.3K4.0M-15.6K2.8481.01N/AN/A2015706,5578,286
2019-01-09$15.61$15.0028.1%8.1%30.6%8.7%30.8%6.3%-1.5%-20.0K2.8M-17.5K1.3092.32N/AN/A2252936,6918,663
2019-01-10$15.59$15.0027.8%8.0%30.5%8.5%32.0%6.8%-1.5%-26.5K3.0M-17.6K2.2488.02N/AN/A2014506,7848,873
2019-01-11$15.53$15.0026.6%7.6%30.5%7.8%30.0%4.5%-1.6%-24.1K3.2M-16.8K1.5585.48N/AN/A2193396,7898,926
2019-01-14$15.51$15.0026.4%7.6%30.3%7.7%28.3%10.6%-2.2%-13.8K3.2M-16.2K0.0087.16N/AN/A0456,8478,966
2019-01-15$15.77$15.0027.3%7.8%30.2%8.2%28.3%5.9%-1.9%61.7K2.6M-16.3K3.7789.04N/AN/A22836,8478,985
2019-01-16$15.80$15.0027.2%7.8%27.8%8.1%26.6%3.0%-2.8%149.1K2.7M-15.0K3.7185.28N/AN/A702606,8688,972
2019-01-17$15.86$15.0026.4%7.6%27.5%7.6%27.8%6.1%-1.7%181.5K2.2M-16.2K1.6393.60N/AN/A1602616,8979,048
2019-01-18$16.12$15.0025.3%7.2%27.6%7.0%25.4%5.9%-1.0%-19.0K68.0K-15.3K1.3188.94N/AN/A4796296,9619,009
2019-01-22$15.72$15.0027.7%7.9%29.5%8.5%27.7%7.9%-4.0%-47.1K2.7M-14.7K0.2896.37N/AN/A223624,4095,561
2019-01-23$15.78$15.0027.6%7.9%21.2%8.4%27.6%9.3%-4.1%-44.3K2.5M-14.8K0.6188.68N/AN/A2041244,5725,619
2019-01-24$15.61$15.0026.4%7.6%22.0%7.7%26.3%5.8%-2.8%-47.0K2.7M-14.9K0.6189.76N/AN/A2171324,6415,562
2019-01-25$15.73$15.0026.4%7.6%21.5%7.7%26.1%8.5%-4.5%-45.0K2.5M-14.4K0.4790.51N/AN/A2171014,6525,570
2019-01-28$15.77$15.0027.1%7.8%21.5%8.1%25.8%6.4%-3.8%-48.0K2.6M-14.1K0.1091.25N/AN/A2024,6525,564
2019-01-29$15.89$15.0028.1%8.0%21.4%8.7%26.0%13.4%-5.2%-31.8K2.2M-14.3K0.7491.03N/AN/A23174,6715,564
2019-01-30$15.99$15.0028.0%8.0%20.9%8.6%30.9%-5.4%-1.9%-24.6K2.0M-14.7K0.81112.74N/AN/A36294,6945,583
2019-01-31$16.05$18.0027.9%6.9%20.9%8.6%24.7%4.5%0.3%-21.7K2.0M-14.5K0.7876.84N/AN/A102804,7275,589