MFC Options History — July 2020

In July 2020, MFC traded between $13.19 and $14.22. ATM implied volatility averaged 42.8%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 11.1% (HV 20d: 31.7%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2020-07-06: Highest Volume — 1,927 contracts
  • 2020-07-14: Largest IV drop — 32.0% change
  • 2020-07-13: Highest IV Rank — 53.1%
  • 2020-07-10: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.80$13.19$14.22$13.38$13.36
Max Pain$13.91$13.00$14.00$13.00$14.00
ATM IV42.8%33.9%65.7%46.5%41.5%
Expected Move11.9%9.7%14.0%13.3%11.9%
HV 20d31.7%23.8%42.9%42.6%24.8%
HV 60d48.2%42.1%53.1%53.1%42.5%
IV Rank31.1%22.4%53.1%35.2%29.7%
IV Percentile69.0%57.9%91.3%75.4%67.9%
Term Structure-1.9%-6.3%4.4%3.6%-6.3%
VWIV42.0%34.4%53.1%45.4%40.0%
Skew 25d9.5%2.9%16.1%16.1%7.6%
Skew 10d22.9%-0.2%59.8%22.5%13.6%
Call IV 25d36.3%28.4%46.8%36.9%36.4%
Put IV 25d45.8%37.1%54.0%53.0%44.0%
Bid-Ask Spread %73.8046.69110.6775.5783.24
Gamma HHI0.400.340.460.440.36
Net GEX-475.6K-645.0K-267.8K-532.3K-313.3K
Net DEX22.5M19.4M26.5M25.2M23.4M
Net VEX-236.3K-259.0K-219.3K-259.0K-222.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.035.570.030.61
Total Volume349.636881,927262143
Total OI77,830.31876,35479,46977,71977,716

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$13.38$13.0046.5%13.3%42.6%35.2%45.4%16.1%3.6%-532.3K25.2M-259.0K0.0375.57N/AN/A25578,63569,084
2020-07-02$13.57$13.0039.5%11.3%42.9%28.5%43.4%13.2%4.4%-545.3K24.2M-256.6K1.8478.56N/AN/A671238,86969,091
2020-07-06$13.90$14.0042.3%12.5%38.0%31.2%45.9%11.9%-2.4%-594.5K21.9M-243.2K1.2356.20N/AN/A8641,0638,86169,047
2020-07-07$13.49$14.0047.3%13.9%36.2%35.3%47.7%12.6%-3.4%-524.6K24.5M-257.9K0.9771.62N/AN/A79778,89669,385
2020-07-08$13.48$14.0048.8%13.7%36.2%36.8%46.6%9.4%-3.3%-552.5K25.6M-251.6K0.0369.83N/AN/A11438,93069,449
2020-07-09$13.19$14.0048.4%13.4%36.7%36.4%48.8%11.1%-2.8%-593.3K26.5M-252.2K1.1981.04N/AN/A43518,95869,452
2020-07-10$13.48$14.0057.2%14.0%30.3%45.0%53.1%13.7%-5.9%-550.8K24.9M-246.9K0.3073.21N/AN/A76238,94569,479
2020-07-13$13.70$14.0065.7%13.1%30.9%53.1%49.1%11.4%-3.5%-559.6K24.5M-247.1K0.2870.89N/AN/A79228,96369,502
2020-07-14$13.74$14.0044.6%12.6%30.9%32.8%48.0%11.2%-1.8%-556.8K24.3M-244.6K5.5768.68N/AN/A211179,02869,503
2020-07-15$14.09$14.0044.1%12.7%31.9%32.3%47.2%10.9%-3.8%-614.9K21.0M-224.9K1.9496.47N/AN/A4649019,03169,607
2020-07-16$14.18$14.0043.9%12.6%31.6%32.0%45.4%2.9%-3.1%-645.0K22.0M-236.4K0.11110.67N/AN/A568629,04569,626
2020-07-17$14.11$14.0039.4%11.3%31.7%27.7%35.8%9.8%-2.6%-581.9K19.6M-231.5K0.6398.34N/AN/A4072569,84969,620
2020-07-20$14.07$14.0040.0%11.5%31.7%28.3%39.4%8.8%-3.3%-581.4K22.8M-237.4K0.5492.47N/AN/A2221198,20868,146
2020-07-21$14.22$14.0038.8%11.1%31.7%27.1%35.3%10.3%-0.1%-337.2K20.0M-228.9K1.9785.41N/AN/A1062098,34768,244
2020-07-22$14.15$14.0037.9%10.9%31.8%26.2%37.0%6.3%-2.2%-315.5K20.1M-226.2K2.3954.11N/AN/A661588,44868,401
2020-07-23$14.11$14.0039.4%11.3%29.4%27.7%36.7%3.7%-2.0%-338.8K19.4M-219.4K0.6666.38N/AN/A53358,50168,522
2020-07-24$13.97$14.0035.4%10.1%29.5%23.8%35.7%5.1%1.1%-385.9K21.0M-220.6K1.0646.69N/AN/A1231318,49168,554
2020-07-27$13.97$14.0035.6%10.2%25.9%24.0%37.0%7.4%-0.8%-318.7K20.9M-225.4K0.9367.56N/AN/A100938,57268,676
2020-07-28$13.86$14.0033.9%9.7%25.9%22.4%34.4%3.6%0.2%-357.9K20.8M-222.5K0.4151.22N/AN/A100418,65768,761
2020-07-29$13.94$14.0035.0%10.0%23.9%23.4%36.4%7.8%-1.0%-396.3K20.6M-219.3K0.0470.85N/AN/A8948,74768,793
2020-07-30$13.68$14.0037.0%10.6%23.8%25.4%36.2%14.3%-3.4%-267.8K21.1M-224.3K0.3954.59N/AN/A114448,83768,791
2020-07-31$13.36$14.0041.5%11.9%24.8%29.7%40.0%7.6%-6.3%-313.3K23.4M-222.4K0.6183.24N/AN/A89548,90368,813