MFC Options History — January 2020

In January 2020, MFC traded between $19.39 and $21.12. ATM implied volatility averaged 18.2%, placing in the 29.1% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 4.4% (HV 20d: 13.7%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.88.

Notable Days

  • 2020-01-02: Highest Volume — 2,156 contracts
  • 2020-01-03: Largest IV spike — 40.4% change
  • 2020-01-31: Highest IV Rank — 61.6%
  • 2020-01-31: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.60$19.39$21.12$20.53$19.39
Max Pain$20.33$20.00$21.00$20.00$20.00
ATM IV18.2%10.9%27.4%10.9%27.4%
Expected Move5.5%3.1%7.9%3.1%7.9%
HV 20d13.7%10.5%21.0%11.1%21.0%
HV 60d13.9%12.7%16.3%14.6%16.3%
IV Rank29.1%3.6%61.6%3.6%61.6%
IV Percentile28.3%0.4%93.7%0.4%93.7%
Term Structure-0.6%-3.5%3.8%2.5%-3.5%
VWIV18.8%10.3%25.0%10.3%24.7%
Skew 25d4.3%1.3%9.9%2.2%5.2%
Skew 10d4.4%-8.2%13.0%-8.2%11.1%
Call IV 25d16.5%11.0%23.1%13.3%22.8%
Put IV 25d20.8%15.1%28.0%15.5%28.0%
Bid-Ask Spread %32.919.5588.1763.8546.27
Gamma HHI0.360.210.820.730.21
Net GEX-58.2K-853.7K138.2K-500.4K105.4K
Net DEX-4.3M-7.2M1.1M-4.8M1.1M
Net VEX-40.9K-46.0K-34.1K-34.1K-41.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.880.0214.4014.400.88
Total Volume453282,1562,156775
Total OI15,739.52413,39818,09913,89414,265

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$20.53$20.0010.9%3.1%11.1%3.6%10.3%2.2%2.5%-500.4K-4.8M-34.1K14.4063.85N/AN/A1402,0166,0567,838
2020-01-03$20.36$20.0015.3%4.4%11.8%19.0%15.4%4.1%3.8%-853.7K-1.9M-46.0K1.8764.60N/AN/A2234186,1409,779
2020-01-06$20.47$20.0018.6%5.5%11.5%30.8%14.1%6.8%-0.4%-746.3K-2.8M-45.2K0.0212.75N/AN/A4416,39610,187
2020-01-07$20.64$20.0011.6%5.0%11.5%6.2%18.4%7.0%0.1%-459.5K-4.9M-41.2K1.4315.41N/AN/A37536,42410,188
2020-01-08$20.88$20.0014.8%5.0%11.6%17.5%18.4%1.7%0.8%-244.2K-5.7M-41.3K1.1988.17N/AN/A4305126,44810,241
2020-01-09$21.02$20.0014.9%5.5%11.6%17.8%19.5%2.9%-0.8%114.0K-7.2M-38.0K5.8520.27N/AN/A482816,76810,758
2020-01-10$21.12$20.0015.5%5.1%11.6%19.7%16.6%3.1%0.1%-4.6K-6.6M-41.5K0.5516.19N/AN/A146806,82110,972
2020-01-13$21.05$20.0016.9%5.1%11.8%24.7%17.7%1.9%-0.6%20.0K-6.8M-38.5K2.9514.29N/AN/A601776,78211,051
2020-01-14$21.05$20.0016.2%5.4%10.5%22.1%20.2%1.3%-1.4%87.3K-6.2M-40.3K2.5018.03N/AN/A8206,83211,217
2020-01-15$20.77$20.0018.6%5.3%11.6%30.5%16.2%1.6%-1.6%30.9K-5.6M-38.8K1.0021.88N/AN/A20206,83411,229
2020-01-16$20.88$20.0017.5%5.0%11.5%26.9%18.0%3.1%-0.2%130.1K-5.9M-37.9K0.9515.19N/AN/A1161106,83011,230
2020-01-17$21.12$20.0017.2%4.9%11.5%25.9%16.6%4.4%-0.4%138.2K-7.0M-37.2K0.0315.52N/AN/A1,062376,83511,264
2020-01-21$20.64$20.0018.7%5.4%14.3%31.1%18.1%6.4%-0.9%89.7K-4.4M-41.5K0.139.55N/AN/A1,2521676,7536,645
2020-01-22$20.77$21.0018.4%5.3%13.9%29.9%18.6%7.2%-0.5%106.6K-5.1M-40.8K0.4922.39N/AN/A59297,0606,752
2020-01-23$20.79$21.0017.6%5.0%13.9%27.1%19.2%7.7%0.7%129.0K-5.0M-42.3K2.5529.05N/AN/A20517,1116,770
2020-01-24$20.64$21.0019.1%5.5%14.1%32.4%18.8%3.3%-0.4%124.7K-4.5M-42.1K0.1510.93N/AN/A3357,1216,794
2020-01-27$20.03$21.0023.9%6.9%17.9%49.2%25.0%2.8%-2.7%111.6K-1.5M-43.1K0.2060.94N/AN/A354727,0946,796
2020-01-28$20.27$21.0022.5%6.5%18.4%44.4%22.6%4.4%-2.2%126.0K-2.6M-42.8K0.1482.51N/AN/A180267,1526,812
2020-01-29$20.10$21.0022.3%6.4%18.6%43.7%22.0%2.5%-2.1%134.0K-2.0M-42.7K0.1246.55N/AN/A180227,2646,834
2020-01-30$20.02$21.0023.5%6.7%18.5%47.9%23.6%9.9%-3.1%138.0K-1.5M-42.7K2.1416.75N/AN/A731567,3426,845
2020-01-31$19.39$20.0027.4%7.9%21.0%61.6%24.7%5.2%-3.5%105.4K1.1M-41.5K0.8846.27N/AN/A4133627,3766,889