MFC Options History — February 2020

In February 2020, MFC traded between $16.53 and $20.21. ATM implied volatility averaged 25.8%, placing in the 52.9% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 0.2% (HV 20d: 26.0%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.12.

Notable Days

  • 2020-02-19: Highest Volume — 2,924 contracts
  • 2020-02-28: Largest IV spike — 43.8% change
  • 2020-02-28: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.19$16.53$20.21$19.44$16.53
Max Pain$19.26$19.00$20.00$20.00$19.00
ATM IV25.8%17.6%54.9%26.8%54.9%
Expected Move7.2%5.0%15.7%7.7%15.7%
HV 20d26.0%21.0%36.6%21.0%36.6%
HV 60d19.2%16.3%25.9%16.3%25.9%
IV Rank52.9%27.0%100.0%59.4%100.0%
IV Percentile68.9%16.7%100.0%92.9%100.0%
Term Structure-1.7%-10.6%2.0%-3.5%-10.6%
VWIV25.7%17.9%55.9%25.6%55.9%
Skew 25d4.9%0.9%11.4%6.6%7.9%
Skew 10d13.2%3.3%36.8%15.1%9.6%
Call IV 25d22.3%14.0%48.0%22.1%48.0%
Put IV 25d27.3%19.4%55.9%28.8%55.9%
Bid-Ask Spread %40.9811.3685.8315.9577.31
Gamma HHI0.260.200.540.200.20
Net GEX151.7K-177.8K1.1M95.7K-117.3K
Net DEX1.6M-4.9M10.4M1.1M10.1M
Net VEX-47.6K-59.8K-38.4K-40.8K-41.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.004.300.473.68
Total Volume673692,92469276
Total OI18,554.94714,60722,75214,60719,851

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$19.44$20.0026.8%7.7%21.0%59.4%25.6%6.6%-3.5%95.7K1.1M-40.8K0.4715.95N/AN/A47227,4967,111
2020-02-04$19.70$20.0022.3%6.4%21.5%43.7%25.6%5.7%-2.1%112.8K-67.8K-41.3K0.8785.83N/AN/A53467,5007,111
2020-02-05$20.03$20.0023.9%6.8%22.3%49.1%23.9%11.4%-2.4%128.7K-1.7M-42.0K0.3111.36N/AN/A77247,5227,111
2020-02-06$20.16$19.0024.3%6.3%21.9%50.8%24.6%4.0%-1.9%129.7K-2.3M-41.6K0.0074.62N/AN/A36617,5117,118
2020-02-07$19.95$19.0025.4%6.3%21.9%54.4%24.1%3.6%-1.3%138.9K-1.4M-41.7K0.1463.22N/AN/A176247,6787,117
2020-02-10$19.91$19.0025.9%6.2%21.7%56.2%23.2%4.4%-1.6%153.3K-1.4M-39.8K1.0517.57N/AN/A1,2421,3097,7707,120
2020-02-11$20.21$19.0025.6%6.2%22.6%55.2%22.0%3.6%-1.4%166.3K-3.2M-59.8K0.0317.03N/AN/A30589,7879,116
2020-02-12$20.12$19.0021.5%6.2%22.6%40.8%22.7%0.9%-1.6%166.3K-3.1M-58.6K0.0732.11N/AN/A159119,9499,117
2020-02-13$19.66$19.0018.2%5.2%23.5%29.4%19.4%2.7%0.8%159.6K290.4K-55.6K1.4358.49N/AN/A9781,39810,0159,108
2020-02-14$19.70$19.0018.4%5.3%23.4%30.1%18.3%4.7%1.1%324.9K-253.9K-56.0K0.0314.20N/AN/A4011310,78710,337
2020-02-18$19.59$19.0017.8%5.1%22.8%27.9%19.3%3.6%1.5%280.8K814.9K-53.1K2.3331.98N/AN/A5412610,95310,248
2020-02-19$19.90$19.0017.6%5.0%22.6%27.0%17.9%5.3%2.0%614.1K-2.6M-53.1K0.3829.22N/AN/A2,11780710,96710,148
2020-02-20$20.03$19.0018.7%5.4%22.6%31.1%18.5%7.3%1.1%1.1M-4.9M-56.8K0.0524.79N/AN/A147712,22810,524
2020-02-21$19.49$19.0022.1%6.3%24.3%42.8%22.3%1.4%-0.4%124.8K947.7K-55.8K2.2458.68N/AN/A13129312,19810,526
2020-02-24$18.01$20.0028.6%8.2%36.3%65.6%28.9%2.7%-2.0%-151.9K8.7M-45.1K0.7774.84N/AN/A3532729,14210,287
2020-02-25$17.68$20.0030.0%8.6%35.5%70.6%28.6%4.2%-2.2%-177.8K10.0M-42.1K2.3719.31N/AN/A2876819,26010,418
2020-02-26$17.55$19.0030.7%8.8%34.9%73.0%30.9%5.0%-3.6%-173.8K9.6M-41.6K4.3025.17N/AN/A461989,47110,219
2020-02-27$17.04$19.0038.2%10.9%35.8%99.1%36.9%8.5%-4.6%-165.7K10.4M-38.4K0.7646.94N/AN/A1891439,48310,240
2020-02-28$16.53$19.0054.9%15.7%36.6%100.0%55.9%7.9%-10.6%-117.3K10.1M-41.0K3.6877.31N/AN/A592179,56310,288