MFC Options History — March 2021

In March 2021, MFC traded between $20.32 and $21.84. ATM implied volatility averaged 23.5%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 2.6% (HV 20d: 26.0%). Max pain ranged from $19.00 to $21.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.28.

Notable Days

  • 2021-03-01: Highest Volume — 15,956 contracts
  • 2021-03-30: Largest IV drop — 18.3% change
  • 2021-03-01: Highest IV Rank — 9.2%
  • 2021-03-04: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.34$20.32$21.84$20.59$21.55
Max Pain$20.35$19.00$21.00$19.00$21.00
ATM IV23.5%18.7%27.9%27.9%18.9%
Expected Move6.7%5.3%8.2%8.0%5.4%
HV 20d26.0%21.5%29.7%23.7%21.6%
HV 60d24.4%23.4%24.8%23.9%24.5%
IV Rank4.9%0.0%9.2%9.2%0.5%
IV Percentile6.4%0.0%19.4%19.4%0.4%
Term Structure2.3%0.3%4.8%0.3%4.0%
VWIV22.6%18.3%29.3%27.8%19.0%
Skew 25d3.4%0.9%6.2%3.0%3.2%
Skew 10d9.4%1.9%18.9%8.0%4.3%
Call IV 25d21.9%15.9%29.3%27.5%17.2%
Put IV 25d25.3%19.4%30.5%30.5%20.4%
Bid-Ask Spread %42.0411.5088.3988.3942.44
Gamma HHI0.310.250.390.260.39
Net GEX1.9M1.1M2.3M1.1M2.3M
Net DEX-36.2M-51.5M-20.5M-23.5M-33.3M
Net VEX-242.5K-284.0K-190.5K-254.8K-193.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.001.700.000.18
Total Volume2,616.1748015,95615,956679
Total OI102,365.56594,244108,18394,24497,551

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$20.59$19.0027.9%8.0%23.7%9.2%27.8%3.0%0.3%1.1M-23.5M-254.8K0.0088.39N/AN/A15,9104633,28260,962
2021-03-02$20.63$19.0027.4%7.9%23.7%8.6%29.3%0.9%0.5%2.1M-31.9M-284.0K0.0357.10N/AN/A6,05719545,82060,993
2021-03-03$20.74$19.0026.0%7.4%23.3%7.1%25.8%4.2%0.5%2.1M-31.8M-283.5K0.0011.50N/AN/A7,9062545,10861,188
2021-03-04$20.32$19.0027.3%8.2%25.1%8.4%22.5%6.2%0.6%1.6M-20.5M-275.8K0.0352.81N/AN/A2,3396240,23161,201
2021-03-05$21.12$19.0025.7%7.4%27.8%6.8%25.3%3.2%1.2%1.9M-36.6M-265.6K0.2337.88N/AN/A4,4581,04140,47961,182
2021-03-08$21.49$19.0027.0%7.5%28.1%8.2%24.5%4.9%2.0%1.8M-42.2M-250.8K0.7322.49N/AN/A4,3423,15640,08361,975
2021-03-09$21.29$21.0026.6%7.1%28.5%7.7%24.8%3.1%2.4%1.7M-36.7M-260.4K0.0335.47N/AN/A1,2913539,98664,780
2021-03-10$21.49$20.0024.9%7.1%28.3%5.9%23.5%4.6%1.9%1.8M-39.3M-269.8K0.0351.75N/AN/A2,9127840,33064,787
2021-03-11$21.64$20.0022.8%6.5%27.9%3.7%23.1%4.0%2.7%2.0M-46.5M-255.9K0.0730.39N/AN/A8115842,20164,856
2021-03-12$21.80$20.0023.3%6.7%27.7%4.3%23.9%4.2%2.1%1.9M-49.3M-245.0K1.7035.96N/AN/A54893142,08164,862
2021-03-15$21.53$21.0023.1%6.6%28.3%4.0%23.1%5.0%2.4%1.9M-42.9M-250.8K0.8862.14N/AN/A92181242,03865,750
2021-03-16$21.48$21.0024.5%7.0%28.3%5.5%22.7%3.9%2.3%1.9M-43.4M-250.0K0.2617.86N/AN/A2135642,34765,672
2021-03-17$21.71$21.0022.0%6.3%28.4%2.9%22.2%3.6%2.6%2.0M-47.9M-240.3K0.0766.54N/AN/A5664142,32965,683
2021-03-18$21.84$21.0023.2%6.6%28.3%4.1%23.3%1.3%2.9%2.1M-50.3M-239.6K0.1864.16N/AN/A1,81233242,46465,719
2021-03-19$21.80$21.0021.4%6.1%28.4%2.5%20.8%1.7%4.1%2.0M-51.5M-212.3K0.0721.03N/AN/A4673442,23365,939
2021-03-22$21.55$21.0020.4%5.9%28.6%1.6%20.5%2.0%3.1%1.8M-34.0M-210.9K0.2324.73N/AN/A1613735,73161,288
2021-03-23$21.09$21.0020.8%6.0%29.7%2.7%19.9%2.2%3.0%1.5M-21.2M-249.0K0.0840.25N/AN/A4353535,71361,294
2021-03-24$21.22$21.0020.9%6.0%23.6%2.9%21.5%0.9%2.8%1.6M-26.5M-225.6K0.1737.16N/AN/A3826635,74461,294
2021-03-25$21.38$21.0022.2%6.4%23.6%5.2%21.0%5.3%2.3%1.9M-28.8M-233.5K0.4839.01N/AN/A542635,95661,274
2021-03-26$21.48$21.0022.0%6.3%22.8%4.8%18.3%2.7%1.9%2.0M-30.8M-215.3K0.1740.01N/AN/A861535,95961,293
2021-03-29$21.43$21.0022.9%6.6%21.5%6.4%19.2%2.9%2.3%2.0M-28.8M-220.2K0.2956.78N/AN/A37610835,96361,301
2021-03-30$21.61$21.0018.7%5.3%21.6%0.0%18.5%5.6%4.8%2.3M-34.9M-190.5K0.5431.16N/AN/A1679036,08061,406
2021-03-31$21.55$21.0018.9%5.4%21.6%0.5%19.0%3.2%4.0%2.3M-33.3M-193.9K0.1842.44N/AN/A57610336,08361,468