MFC Options History — February 2021

In February 2021, MFC traded between $18.21 and $20.49. ATM implied volatility averaged 25.8%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 0.9% (HV 20d: 24.9%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.31.

Notable Days

  • 2021-02-18: Highest Volume — 11,881 contracts
  • 2021-02-25: Largest IV spike — 21.1% change
  • 2021-02-01: Highest IV Rank — 16.9%
  • 2021-02-01: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.41$18.21$20.49$18.21$20.10
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV25.8%21.1%33.9%33.9%26.6%
Expected Move7.3%6.0%9.7%9.7%7.6%
HV 20d24.9%21.7%28.9%28.9%24.6%
HV 60d26.4%21.1%36.3%36.3%23.5%
IV Rank8.1%2.5%16.9%16.9%7.8%
IV Percentile12.6%0.8%46.4%46.4%12.7%
Term Structure1.3%-1.9%4.0%-1.9%0.9%
VWIV25.6%22.1%32.9%31.0%24.2%
Skew 25d5.1%2.0%10.1%7.8%6.9%
Skew 10d14.2%1.2%59.9%10.6%19.1%
Call IV 25d23.5%17.9%28.8%28.8%24.1%
Put IV 25d28.6%23.9%36.7%36.7%31.0%
Bid-Ask Spread %59.8713.2292.0474.0576.02
Gamma HHI0.300.210.420.230.27
Net GEX364.5K-264.6K999.6K-264.6K999.6K
Net DEX-5.6M-18.2M12.2M12.2M-16.4M
Net VEX-218.9K-275.8K-162.0K-275.8K-259.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.010.970.040.07
Total Volume2,165.31614411,8812201,489
Total OI80,121.10575,24593,62275,24593,622

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$18.21$18.0033.9%9.7%28.9%16.9%31.0%7.8%-1.9%-264.6K12.2M-275.8K0.0474.05N/AN/A211919,26055,985
2021-02-02$18.53$18.0027.6%7.9%28.9%10.5%29.2%2.3%0.1%-65.0K3.4M-208.1K0.8860.35N/AN/A988619,28855,988
2021-02-03$18.55$18.0026.9%7.7%28.0%9.7%32.9%9.2%-0.7%-85.9K7.8M-247.8K0.5645.40N/AN/A1116219,34556,027
2021-02-04$18.72$18.0026.6%7.7%25.6%9.4%25.7%5.1%2.4%99.2K3.0M-211.5K0.1733.09N/AN/A2083619,37556,044
2021-02-05$18.88$18.0025.0%7.4%24.5%7.7%28.9%6.2%1.7%-30.5K-983.7K-190.9K0.5167.01N/AN/A1477519,38756,057
2021-02-08$19.15$18.0028.0%7.3%24.9%10.8%24.9%4.7%2.5%219.4K-1.3M-210.0K0.0113.22N/AN/A424619,48056,070
2021-02-09$19.45$18.0030.1%7.6%25.3%13.1%24.7%6.0%1.5%281.3K-4.3M-209.5K0.0440.22N/AN/A4291619,74856,075
2021-02-10$19.30$18.0025.9%7.4%25.0%8.7%25.9%2.0%2.5%292.5K-5.0M-193.1K0.0254.84N/AN/A2,7445919,95356,071
2021-02-11$19.59$18.0023.1%6.6%25.4%5.8%22.4%4.1%2.4%611.3K-6.8M-201.1K0.0164.97N/AN/A1,026921,21656,096
2021-02-12$19.54$18.0022.5%6.4%24.7%5.1%23.1%4.6%3.3%478.8K-9.9M-171.4K0.9787.06N/AN/A3,1403,03221,48956,096
2021-02-16$19.55$18.0021.8%6.2%23.2%4.4%23.3%3.9%4.0%532.3K-8.9M-206.1K0.0650.87N/AN/A3001724,53759,106
2021-02-17$19.74$18.0022.5%6.4%22.6%5.1%22.8%3.6%3.0%771.9K-10.6M-181.8K0.4050.00N/AN/A56922521,65656,119
2021-02-18$19.71$18.0022.7%6.5%22.6%5.4%23.6%2.8%0.6%685.0K-12.2M-162.0K0.9392.04N/AN/A6,1575,72421,66856,253
2021-02-19$19.77$18.0021.1%6.0%22.5%2.5%22.1%2.1%2.1%462.9K-13.0M-219.4K0.0943.05N/AN/A1,24111326,90161,200
2021-02-22$19.60$18.0023.7%6.8%21.9%4.7%24.0%4.5%0.5%332.6K-5.4M-265.0K0.2179.66N/AN/A63313023,72460,546
2021-02-23$19.44$18.0026.5%7.6%21.7%7.6%24.1%10.1%-0.2%424.0K-4.1M-243.6K0.8756.98N/AN/A776723,84760,635
2021-02-24$20.49$18.0025.3%7.3%28.3%6.4%24.5%8.2%0.7%484.7K-15.3M-252.1K0.0360.20N/AN/A4,93614023,84560,676
2021-02-25$20.38$18.0030.6%8.8%23.8%12.0%28.7%3.1%-1.5%695.4K-18.2M-251.0K0.0388.50N/AN/A7,14924628,23460,682
2021-02-26$20.10$18.0026.6%7.6%24.6%7.8%24.2%6.9%0.9%999.6K-16.4M-259.3K0.0776.02N/AN/A1,3909932,73660,886