MFC Options History — March 2019

In March 2019, MFC traded between $16.51 and $17.73. ATM implied volatility averaged 19.9%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 0.9% (HV 20d: 20.8%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.73.

Notable Days

  • 2019-03-20: Highest Volume — 1,035 contracts
  • 2019-03-11: Largest IV spike — 30.7% change
  • 2019-03-11: Highest IV Rank — 31.4%
  • 2019-03-20: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.95$16.51$17.73$16.95$16.90
Max Pain$16.95$16.00$18.00$17.00$17.00
ATM IV19.9%17.5%23.0%18.7%20.4%
Expected Move6.0%5.0%6.5%5.4%6.4%
HV 20d20.8%17.9%23.8%19.4%23.1%
HV 60d22.6%20.5%25.6%25.6%21.2%
IV Rank21.1%13.1%31.4%17.1%22.7%
IV Percentile33.9%13.1%52.0%23.0%38.9%
Term Structure1.2%-0.4%2.9%-0.1%1.5%
VWIV20.8%15.5%25.0%18.2%24.3%
Skew 25d5.2%-5.9%8.6%0.5%8.2%
Skew 10d4.3%-26.3%13.8%0.7%10.7%
Call IV 25d16.7%13.1%24.9%17.0%14.8%
Put IV 25d21.8%17.4%24.2%17.4%23.0%
Bid-Ask Spread %81.6359.44117.5059.4485.24
Gamma HHI0.250.190.350.320.25
Net GEX17.4K-55.9K85.1K68.4K24.5K
Net DEX435.4K-1.6M2.2M410.1K-296.3K
Net VEX-10.6K-12.3K-9.1K-10.6K-11.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.730.1013.250.710.27
Total Volume367.667221,035547104
Total OI7,766.4763,88610,69010,4515,180

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$16.95$17.0018.7%5.4%19.4%17.1%18.2%0.5%-0.1%68.4K410.1K-10.6K0.7159.44N/AN/A3192284,8475,604
2019-03-04$17.03$18.0021.1%6.0%19.3%25.0%19.2%3.1%0.6%82.0K559.5K-10.2K13.2560.51N/AN/A81064,6765,574
2019-03-05$17.06$18.0020.9%6.0%17.9%24.4%20.4%4.3%0.8%85.1K571.8K-10.5K7.5766.04N/AN/A141064,6825,654
2019-03-06$16.77$18.0020.5%5.9%19.4%23.2%20.7%1.8%1.7%22.7K1.4M-9.9K12.8972.35N/AN/A182324,6815,654
2019-03-07$16.51$18.0017.5%5.0%20.4%13.1%17.3%7.2%1.6%-21.1K2.2M-9.3K5.0872.20N/AN/A261324,6865,703
2019-03-08$16.55$18.0017.6%5.0%20.2%13.6%15.5%7.4%-0.4%-16.4K2.1M-9.2K0.1772.90N/AN/A313534,6755,700
2019-03-11$16.85$16.0023.0%5.9%20.1%31.4%18.8%8.1%1.0%-8.8K1.4M-9.3K0.7676.18N/AN/A70534,5765,702
2019-03-12$16.85$16.0018.4%5.9%20.1%16.3%17.7%7.7%2.1%-9.2K1.5M-9.1K10.0675.61N/AN/A181814,6165,702
2019-03-13$17.06$16.0019.1%5.8%19.4%18.4%19.5%4.5%1.3%-8.2K718.4K-9.7K0.4472.17N/AN/A2361044,6465,877
2019-03-14$16.87$16.0019.0%5.9%19.3%18.1%20.5%8.6%1.6%-24.5K1.7M-9.7K0.5876.83N/AN/A2381384,7155,913
2019-03-15$16.93$16.0018.1%5.7%18.5%15.3%20.0%6.6%1.5%-55.9K1.7M-9.6K1.7076.95N/AN/A1833124,7175,973
2019-03-18$17.47$0.0020.1%6.1%21.1%21.8%21.0%2.3%0.8%13.0K-802.0K-9.6K0.24109.52N/AN/A367871,6692,217
2019-03-19$17.73$16.0018.3%5.6%20.6%16.0%22.3%5.9%1.2%49.1K-1.6M-9.8K0.4487.74N/AN/A6552862,0352,270
2019-03-20$17.49$17.0020.2%6.5%20.5%22.0%21.7%-5.9%2.8%46.9K-1.5M-11.8K0.51117.50N/AN/A6853502,3502,438
2019-03-21$17.14$17.0019.6%6.4%21.8%20.1%21.8%3.6%2.9%38.1K-895.3K-12.0K0.6198.65N/AN/A6423902,3482,456
2019-03-22$16.66$17.0020.8%6.2%23.8%24.1%21.8%6.6%0.5%17.5K3.5K-12.3K1.1290.59N/AN/A3884352,3792,626
2019-03-25$16.55$17.0021.6%6.4%22.8%26.7%24.3%4.7%-0.1%5.1K353.9K-12.1K0.4785.72N/AN/A1572,3892,727
2019-03-26$16.71$17.0020.5%6.5%22.9%23.3%23.2%7.6%1.8%14.1K9.6K-12.0K0.2484.01N/AN/A3482,3872,733
2019-03-27$16.88$17.0020.9%6.4%23.3%24.5%25.0%7.0%1.3%19.0K-197.1K-12.2K0.1081.59N/AN/A8282,4062,733
2019-03-28$16.89$17.0021.4%6.4%23.1%26.2%23.9%8.6%1.0%22.8K-248.8K-12.1K0.1092.45N/AN/A8282,4472,733
2019-03-29$16.90$17.0020.4%6.4%23.1%22.7%24.3%8.2%1.5%24.5K-296.3K-11.9K0.2785.24N/AN/A82222,4472,733