MFC Options History — February 2023

In February 2023, MFC traded between $19.23 and $20.11. ATM implied volatility averaged 22.0%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.4% (HV 20d: 19.7%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.58.

Notable Days

  • 2023-02-17: Highest Volume — 2,294 contracts
  • 2023-02-08: Largest IV drop — 24.9% change
  • 2023-02-07: Highest IV Rank — 55.7%
  • 2023-02-01: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.66$19.23$20.11$20.05$19.80
Max Pain$18.11$18.00$19.00$18.00$19.00
ATM IV22.0%18.5%30.0%23.9%18.5%
Expected Move6.0%5.3%6.8%6.8%5.3%
HV 20d19.7%17.9%21.4%19.3%19.4%
HV 60d20.3%18.6%23.3%23.3%18.6%
IV Rank16.5%0.0%55.7%25.6%0.0%
IV Percentile18.8%0.0%75.0%32.9%0.0%
Term Structure-0.5%-3.9%1.6%-3.9%0.8%
VWIV21.3%16.6%24.7%23.9%18.6%
Skew 25d5.4%1.5%12.4%12.4%7.4%
Skew 10d15.1%7.7%31.6%11.8%10.1%
Call IV 25d18.0%14.4%20.4%15.6%14.4%
Put IV 25d23.4%20.4%27.9%27.9%21.9%
Bid-Ask Spread %43.037.9269.7762.6633.98
Gamma HHI0.430.300.750.300.56
Net GEX795.7K465.6K1.9M465.6K818.3K
Net DEX-9.6M-14.5M-6.3M-10.7M-8.3M
Net VEX-29.3K-32.6K-24.7K-29.8K-32.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.031.690.111.40
Total Volume579.632682,2941,645341
Total OI13,879.63211,80714,80812,64713,303

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$20.05$18.0023.9%6.8%19.3%25.6%23.9%12.4%-3.9%465.6K-10.7M-29.8K0.1162.66N/AN/A1,4841619,0073,640
2023-02-02$19.68$18.0024.4%6.2%20.0%28.2%21.5%3.1%-1.0%703.4K-10.5M-31.5K0.9714.43N/AN/A787610,2983,729
2023-02-03$19.52$18.0022.8%5.8%19.6%20.2%24.7%4.9%1.1%691.5K-9.5M-32.2K1.6958.12N/AN/A498310,3533,766
2023-02-06$19.23$18.0027.6%6.4%19.6%43.6%23.1%4.0%-0.7%682.6K-7.9M-30.2K0.9769.77N/AN/A10910610,3553,771
2023-02-07$19.38$18.0030.0%6.5%19.7%55.7%23.8%7.0%-0.8%685.9K-8.5M-30.9K0.2041.52N/AN/A1763610,3523,876
2023-02-08$19.38$18.0022.5%6.5%19.7%19.0%21.3%6.6%-1.2%717.0K-8.7M-31.4K1.1361.41N/AN/A323610,4973,907
2023-02-09$19.44$18.0023.6%6.8%18.7%24.4%22.1%4.9%-1.0%684.0K-9.0M-31.1K0.5260.83N/AN/A21411210,4973,882
2023-02-10$19.59$18.0020.8%6.0%18.7%10.6%23.2%5.6%-0.1%799.4K-10.1M-28.9K0.3149.97N/AN/A2919010,6383,842
2023-02-13$19.66$18.0021.9%6.3%18.7%15.8%23.1%7.5%-0.5%826.8K-10.5M-28.6K0.6942.50N/AN/A1208310,7553,885
2023-02-14$19.62$18.0020.7%5.9%18.8%9.9%20.1%5.2%0.5%900.9K-10.4M-27.4K0.267.92N/AN/A852210,8083,967
2023-02-15$19.46$18.0022.8%6.5%17.9%20.2%22.0%5.5%-1.6%851.8K-9.4M-26.7K0.4010.34N/AN/A26710810,7703,967
2023-02-16$20.09$18.0019.8%5.7%20.8%5.6%19.6%1.5%-1.1%1.1M-14.1M-25.0K0.0654.89N/AN/A9305310,8004,008
2023-02-17$20.11$18.0018.6%5.3%20.1%0.0%18.5%2.3%1.6%1.9M-14.5M-24.7K0.0351.28N/AN/A2,2355910,5584,036
2023-02-21$19.76$18.0021.3%6.1%21.4%13.0%21.4%6.8%-0.6%512.2K-8.0M-27.5K0.1453.65N/AN/A1,1551648,3753,432
2023-02-22$19.81$18.0020.3%5.8%21.3%8.4%20.8%6.5%-1.0%681.7K-9.1M-29.3K0.6661.70N/AN/A86579,4183,612
2023-02-23$19.77$18.0019.2%5.5%21.0%2.8%16.6%4.7%0.6%710.5K-8.9M-28.0K0.1717.36N/AN/A448749,4373,634
2023-02-24$19.59$18.0018.8%5.4%19.5%0.7%19.9%2.3%0.5%695.8K-8.0M-29.6K0.2354.23N/AN/A7161669,7263,686
2023-02-27$19.56$19.0020.7%5.9%19.2%10.2%19.8%4.3%-1.0%700.9K-6.3M-32.3K0.9810.92N/AN/A3593529,2043,922
2023-02-28$19.80$19.0018.5%5.3%19.4%0.0%18.6%7.4%0.8%818.3K-8.3M-32.6K1.4033.98N/AN/A1421999,4743,829