MFC Options History — March 2023

In March 2023, MFC traded between $17.55 and $20.16. ATM implied volatility averaged 25.0%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 3.0% (HV 20d: 22.0%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.94.

Notable Days

  • 2023-03-01: Highest Volume — 2,948 contracts
  • 2023-03-13: Largest IV spike — 84.0% change
  • 2023-03-13: Highest IV Rank — 100.0%
  • 2023-03-13: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.58$17.55$20.16$20.04$18.29
Max Pain$19.13$18.00$20.00$19.00$18.00
ATM IV25.0%17.7%45.2%20.1%23.0%
Expected Move6.8%5.2%9.2%5.7%6.6%
HV 20d22.0%17.2%25.4%19.3%24.1%
HV 60d20.7%18.3%22.4%18.7%21.1%
IV Rank27.3%0.0%100.0%7.5%19.4%
IV Percentile39.8%0.0%100.0%4.8%28.6%
Term Structure1.9%-4.1%4.3%-1.2%3.3%
VWIV24.0%18.3%32.5%19.2%22.6%
Skew 25d5.3%1.7%8.5%8.5%5.7%
Skew 10d8.1%-8.8%18.9%10.9%13.4%
Call IV 25d21.7%11.5%27.9%14.3%20.3%
Put IV 25d26.9%17.2%35.4%22.9%26.0%
Bid-Ask Spread %46.728.5989.948.5934.27
Gamma HHI0.300.200.560.560.27
Net GEX387.9K54.9K896.5K808.4K309.3K
Net DEX-3.6M-11.5M631.0K-9.6M-2.4M
Net VEX-34.0K-42.2K-29.0K-33.7K-31.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.024.700.020.15
Total Volume581.87282,9482,948503
Total OI13,996.17411,45715,90513,60412,902

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$20.04$19.0020.1%5.7%19.3%7.5%19.2%8.5%-1.2%808.4K-9.6M-33.7K0.028.59N/AN/A2,893559,7603,844
2023-03-02$19.98$19.0019.4%5.5%18.5%4.1%18.7%8.3%0.3%877.4K-9.8M-42.2K0.2172.36N/AN/A611311,3733,863
2023-03-03$20.16$19.0018.4%5.3%17.4%0.0%18.3%5.7%0.4%896.5K-11.5M-41.4K0.1555.13N/AN/A2,17033411,3983,866
2023-03-06$20.06$20.0017.7%5.2%17.2%0.0%19.1%3.4%2.7%727.3K-9.6M-40.3K0.2559.81N/AN/A802010,5814,166
2023-03-07$19.76$20.0019.4%5.3%17.2%8.2%18.8%4.5%2.3%713.4K-7.5M-39.3K2.7355.86N/AN/A8422910,6194,178
2023-03-08$19.62$20.0019.9%5.3%17.3%10.4%18.8%1.7%2.1%696.8K-6.8M-38.3K4.7055.13N/AN/A3014110,6754,199
2023-03-09$19.09$20.0027.4%6.2%19.9%45.3%21.3%2.1%1.0%500.3K-4.4M-36.0K0.1145.64N/AN/A8509710,6934,186
2023-03-10$18.73$20.0024.5%6.6%20.9%32.0%23.1%2.5%1.5%387.7K-3.4M-37.9K0.0750.24N/AN/A6654611,1424,276
2023-03-13$18.45$20.0045.2%9.2%21.1%100.0%29.2%3.7%0.6%270.6K-2.5M-36.7K0.2989.94N/AN/A59317311,3244,245
2023-03-14$18.73$19.0029.9%7.3%21.9%44.6%25.3%3.9%2.2%344.9K-3.4M-37.6K0.3070.58N/AN/A34110111,2314,310
2023-03-15$18.02$19.0031.5%9.0%25.4%50.2%32.5%8.0%-4.1%104.2K-770.4K-32.9K2.5670.97N/AN/A8922811,4514,317
2023-03-16$18.01$19.0027.5%7.9%25.4%35.8%27.8%4.3%3.3%54.9K-895.2K-32.8K0.7048.74N/AN/A1399811,3854,329
2023-03-17$17.55$19.0028.7%8.2%22.8%39.9%28.0%7.4%2.8%169.2K631.0K-29.4K4.5151.34N/AN/A12656811,5154,390
2023-03-20$17.86$19.0027.6%7.9%24.2%36.1%26.1%7.0%2.2%201.2K-970.7K-29.8K0.1932.33N/AN/A8991748,6832,774
2023-03-21$18.02$19.0026.1%7.5%24.4%30.6%25.6%5.4%3.0%234.1K-1.6M-31.4K0.5443.44N/AN/A129709,0182,930
2023-03-22$17.93$19.0024.1%6.9%24.2%23.3%27.8%6.4%2.3%231.9K-1.3M-31.1K0.4058.55N/AN/A168689,1382,984
2023-03-23$17.77$19.0025.8%7.4%24.2%29.4%26.6%6.2%2.6%205.5K-867.9K-30.3K0.5248.23N/AN/A2031059,2033,051
2023-03-24$17.70$19.0024.7%7.1%24.2%25.6%24.7%5.0%4.3%202.9K-659.0K-29.5K1.3958.53N/AN/A1321849,3303,137
2023-03-27$17.81$19.0023.1%6.6%24.5%19.7%28.9%6.6%3.4%226.7K-846.4K-29.0K0.6724.93N/AN/A1661119,4173,328
2023-03-28$17.79$19.0023.5%6.7%23.7%21.2%25.4%5.1%3.2%220.8K-714.6K-29.6K0.819.35N/AN/A32269,5483,432
2023-03-29$17.93$18.0023.5%6.7%23.3%21.0%20.8%5.8%3.4%253.4K-1.5M-29.8K0.3917.14N/AN/A116459,5783,249
2023-03-30$18.13$18.0024.3%7.0%24.1%24.0%23.4%3.6%3.0%284.1K-2.0M-30.7K0.0413.40N/AN/A2719,6283,266
2023-03-31$18.29$18.0023.0%6.6%24.1%19.4%22.6%5.7%3.3%309.3K-2.4M-31.1K0.1534.27N/AN/A439649,6393,263