MFC Options History — May 2020

In May 2020, MFC traded between $11.35 and $12.86. ATM implied volatility averaged 48.2%, placing in the 36.8% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 10.8% (HV 20d: 59.0%). Max pain ranged from $17.00 to $20.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.15.

Notable Days

  • 2020-05-13: Highest Volume — 20,312 contracts
  • 2020-05-07: Largest IV drop — 15.1% change
  • 2020-05-05: Highest IV Rank — 50.6%
  • 2020-05-14: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.92$11.35$12.86$11.98$12.44
Max Pain$17.85$17.00$20.00$17.00$17.00
ATM IV48.2%39.1%62.5%52.2%42.1%
Expected Move13.3%11.2%15.4%15.0%12.1%
HV 20d59.0%53.1%65.2%62.9%56.4%
HV 60d96.6%95.5%98.4%95.6%98.3%
IV Rank36.8%28.1%50.6%40.6%31.0%
IV Percentile81.4%76.2%88.9%84.5%78.2%
Term Structure1.1%-1.7%5.7%5.7%1.6%
VWIV45.4%37.6%57.5%54.3%42.4%
Skew 25d11.6%7.8%18.4%10.9%13.0%
Skew 10d26.3%10.0%43.9%29.7%24.0%
Call IV 25d41.7%29.7%55.1%55.1%33.0%
Put IV 25d53.3%44.0%66.0%66.0%46.0%
Bid-Ask Spread %42.8513.8575.5852.7955.68
Gamma HHI0.700.590.780.650.65
Net GEX-269.0K-308.1K-212.0K-253.2K-237.7K
Net DEX19.4M15.0M21.9M21.0M15.8M
Net VEX-60.0K-65.7K-55.2K-65.7K-55.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.013.571.503.57
Total Volume1,345.56920,312240128
Total OI52,577.250,79458,73452,30251,259

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$11.98$17.0052.2%15.0%62.9%40.6%54.3%10.9%5.7%-253.2K21.0M-65.7K1.5052.79N/AN/A9614415,93236,370
2020-05-04$11.86$20.0058.5%15.3%62.1%46.7%53.3%12.1%0.5%-263.3K21.2M-64.0K0.5037.87N/AN/A1718515,98036,444
2020-05-05$11.69$19.0062.5%15.3%61.6%50.6%51.2%12.0%-1.0%-280.1K21.3M-62.8K1.3347.64N/AN/A7910516,14536,508
2020-05-06$11.82$19.0058.1%15.2%60.1%46.3%52.4%13.3%0.1%-276.4K21.3M-62.5K0.3947.14N/AN/A32912916,20236,564
2020-05-07$11.73$19.0049.3%14.2%59.9%37.9%50.7%10.4%-0.5%-290.0K21.0M-63.8K0.1675.58N/AN/A4136616,48136,677
2020-05-08$12.28$19.0047.3%13.4%59.6%36.0%45.2%11.4%2.9%-271.9K20.2M-59.5K0.4739.26N/AN/A2019516,65136,699
2020-05-11$12.27$19.0052.1%13.2%59.6%40.6%44.9%7.8%3.1%-287.3K19.8M-58.6K0.1641.63N/AN/A681116,77436,669
2020-05-12$12.11$19.0056.4%12.6%59.7%44.7%43.3%9.3%4.6%-295.9K20.2M-60.1K3.3040.29N/AN/A14347216,78536,680
2020-05-13$11.48$19.0050.6%14.5%58.8%39.1%43.5%9.3%1.2%-306.5K21.6M-61.2K0.9826.96N/AN/A10,26010,05216,83536,995
2020-05-14$11.40$17.0053.6%15.4%58.2%42.1%57.5%12.2%-1.7%-308.1K21.9M-60.3K2.4233.64N/AN/A5914321,68737,047
2020-05-15$11.35$17.0048.2%13.8%53.1%36.8%37.6%9.0%0.5%-305.3K21.9M-60.0K2.7326.41N/AN/A5113916,71637,140
2020-05-18$11.95$17.0042.4%12.1%56.3%31.2%44.1%10.8%1.5%-249.0K20.5M-58.8K0.3825.12N/AN/A37314015,94236,304
2020-05-19$11.45$17.0046.6%13.4%55.8%35.3%38.6%9.9%0.4%-263.6K19.5M-60.1K3.1851.03N/AN/A14746716,26635,340
2020-05-20$11.62$17.0041.1%11.8%55.9%30.1%40.1%13.7%1.0%-275.2K19.0M-60.2K0.0138.61N/AN/A499516,36235,204
2020-05-21$11.56$17.0040.4%11.6%55.8%29.3%40.8%10.5%1.8%-264.0K17.5M-60.8K0.2354.20N/AN/A561316,76934,025
2020-05-22$11.38$17.0043.9%12.6%56.0%32.7%43.9%13.9%-0.2%-280.2K18.0M-59.3K0.7713.85N/AN/A22317116,78334,037
2020-05-26$12.52$17.0039.3%11.3%65.2%28.3%43.1%18.4%-1.3%-239.8K15.3M-55.2K0.3615.39N/AN/A34712416,86934,085
2020-05-27$12.86$17.0039.4%11.3%65.1%28.3%40.0%10.2%0.1%-212.0K15.0M-56.6K0.4570.59N/AN/A39817916,91934,172
2020-05-28$12.62$17.0039.1%11.2%57.4%28.1%40.8%14.3%1.7%-220.4K15.3M-56.0K0.0463.39N/AN/A3151416,98434,243
2020-05-29$12.44$17.0042.1%12.1%56.4%31.0%42.4%13.0%1.6%-237.7K15.8M-55.4K3.5755.68N/AN/A2810017,00934,250