MFC Options History — January 2021

In January 2021, MFC traded between $17.55 and $19.45. ATM implied volatility averaged 27.5%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 5.4% (HV 20d: 22.1%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.58.

Notable Days

  • 2021-01-12: Highest Volume — 10,228 contracts
  • 2021-01-27: Largest IV spike — 31.0% change
  • 2021-01-06: Highest IV Rank — 19.2%
  • 2021-01-27: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.75$17.55$19.45$17.55$18.02
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV27.5%23.2%35.8%25.0%32.6%
Expected Move7.8%7.1%10.3%7.8%9.3%
HV 20d22.1%15.9%28.8%18.6%28.8%
HV 60d37.9%36.6%38.5%37.7%37.8%
IV Rank11.7%7.6%19.2%13.0%15.6%
IV Percentile20.2%9.9%50.8%13.9%39.7%
Term Structure0.3%-3.8%1.8%0.3%0.2%
VWIV26.5%21.7%34.2%28.2%33.0%
Skew 25d6.5%4.5%10.6%6.4%9.4%
Skew 10d15.7%4.0%23.9%22.6%20.2%
Call IV 25d23.9%19.1%30.7%26.1%30.0%
Put IV 25d30.4%26.5%41.2%32.5%39.4%
Bid-Ask Spread %60.5523.36106.8445.78105.39
Gamma HHI0.290.230.390.360.23
Net GEX37.6K-437.7K1.5M-437.7K-273.3K
Net DEX1.2M-6.4M13.7M9.6M13.7M
Net VEX-209.8K-283.0K-176.8K-193.2K-283.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.082.950.130.58
Total Volume1,090.2116210,2281,251290
Total OI71,252.21162,69676,47262,69675,175

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$17.55$18.0025.0%7.8%18.6%13.0%28.2%6.4%0.3%-437.7K9.6M-193.2K0.1345.78N/AN/A1,10414712,36350,333
2021-01-05$17.93$18.0026.2%7.8%15.9%14.2%24.9%7.9%1.2%-229.9K7.0M-176.8K0.1663.26N/AN/A2,18135212,33150,475
2021-01-06$18.54$18.0031.2%7.5%19.5%19.2%25.9%5.7%1.6%-112.6K1.6M-182.0K0.0963.16N/AN/A1,45512914,12550,635
2021-01-07$18.95$18.0023.2%7.2%20.8%8.4%25.6%6.3%1.8%104.1K-2.4M-178.1K0.1968.77N/AN/A2795314,49650,674
2021-01-08$18.80$18.0024.0%7.2%21.1%9.1%24.2%5.0%1.7%103.4K-814.6K-181.1K2.9556.91N/AN/A23067914,56050,719
2021-01-11$18.71$18.0027.3%7.4%21.3%12.0%28.0%5.1%1.7%73.1K582.8K-184.2K1.1872.76N/AN/A779114,62151,188
2021-01-12$19.01$18.0029.0%7.6%21.1%13.1%26.6%6.7%0.4%152.0K-2.3M-180.3K0.9764.15N/AN/A5,1985,03014,63251,203
2021-01-13$19.12$18.0026.8%7.7%19.8%10.9%24.0%6.5%0.4%279.8K-4.1M-216.5K0.2145.83N/AN/A3847919,69456,218
2021-01-14$19.45$18.0026.5%7.6%20.3%9.6%24.4%5.5%0.8%16.9K-6.4M-220.9K1.8450.74N/AN/A22140719,79956,252
2021-01-15$19.01$18.0025.6%7.3%22.5%8.6%24.3%4.5%1.5%1.5M294.9K-257.5K0.0878.01N/AN/A2402019,87056,602
2021-01-19$19.35$18.0025.0%7.2%22.9%8.0%23.6%7.2%0.9%95.2K-3.5M-214.5K0.2647.87N/AN/A1373618,50655,667
2021-01-20$19.38$18.0025.4%7.3%21.7%8.1%21.7%7.5%-0.5%94.0K-4.7M-202.8K0.5823.36N/AN/A21712618,61755,682
2021-01-21$19.30$18.0024.9%7.1%21.7%7.6%22.7%6.2%0.5%109.7K-3.6M-210.0K0.3641.09N/AN/A2719818,81455,819
2021-01-22$18.98$18.0025.6%7.3%22.8%8.3%24.5%4.9%-0.2%-158.1K983.1K-235.8K0.2525.57N/AN/A1513818,84255,851
2021-01-25$18.79$18.0026.1%7.5%23.0%8.9%25.9%4.9%-0.3%3.8K2.1M-215.6K0.3244.18N/AN/A2227118,96855,876
2021-01-26$18.82$18.0027.4%7.8%22.9%10.2%28.2%6.2%0.2%-30.1K1.2M-213.6K0.3542.29N/AN/A461619,12355,908
2021-01-27$18.12$18.0035.8%10.3%27.3%18.9%34.2%10.6%-3.8%-275.1K7.5M-217.2K0.49104.44N/AN/A1939419,13255,908
2021-01-28$18.39$18.0034.6%9.9%27.7%17.6%34.0%7.4%-3.4%-252.2K6.2M-222.4K0.11106.84N/AN/A3183419,15855,956
2021-01-29$18.02$18.0032.6%9.3%28.8%15.6%33.0%9.4%0.2%-273.3K13.7M-283.0K0.58105.39N/AN/A18410619,20655,969