MFC Options History — May 2023

In May 2023, MFC traded between $18.45 and $19.95. ATM implied volatility averaged 22.2%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 0.3% (HV 20d: 21.9%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.75.

Notable Days

  • 2023-05-22: Highest Volume — 2,322 contracts
  • 2023-05-04: Largest IV spike — 27.1% change
  • 2023-05-04: Highest IV Rank — 48.4%
  • 2023-05-02: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.24$18.45$19.95$19.80$18.54
Max Pain$18.41$18.00$19.00$19.00$19.00
ATM IV22.2%18.4%31.0%22.7%19.8%
Expected Move6.1%5.3%7.3%6.5%5.7%
HV 20d21.9%16.4%25.9%16.4%24.1%
HV 60d21.3%20.0%22.4%20.1%22.4%
IV Rank16.4%2.4%48.4%18.3%7.6%
IV Percentile24.9%0.8%80.2%27.8%7.5%
Term Structure0.4%-3.1%4.2%-1.7%-0.6%
VWIV21.3%16.3%27.1%21.8%23.5%
Skew 25d4.8%1.6%10.5%8.7%3.9%
Skew 10d11.1%2.8%24.6%8.5%2.8%
Call IV 25d19.2%15.7%21.7%16.1%19.8%
Put IV 25d23.9%20.3%31.3%24.8%23.7%
Bid-Ask Spread %21.918.1451.9815.7010.97
Gamma HHI0.310.230.420.290.24
Net GEX515.8K269.6K744.0K586.3K295.6K
Net DEX-5.3M-9.8M-794.3K-8.0M-1.2M
Net VEX-28.1K-35.1K-20.9K-33.6K-21.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.033.180.411.65
Total Volume434.545382,32218745
Total OI14,681.09112,31916,48514,45512,808

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$19.80$19.0022.7%6.5%16.4%18.3%21.8%8.7%-1.7%586.3K-8.0M-33.6K0.4115.70N/AN/A1335410,6623,793
2023-05-02$19.56$19.0025.5%7.3%16.9%28.3%27.1%10.1%-3.1%536.5K-6.9M-33.9K0.1422.99N/AN/A901310,7313,816
2023-05-03$19.52$19.0024.4%7.0%16.4%24.4%26.1%10.5%-1.9%532.4K-6.9M-34.1K0.6338.73N/AN/A412610,7963,819
2023-05-04$19.23$18.0031.0%7.1%17.4%48.4%22.5%6.0%0.4%488.1K-5.4M-32.3K2.6245.91N/AN/A133410,8323,817
2023-05-05$19.80$18.0025.9%6.3%19.9%29.9%22.4%2.3%0.1%581.9K-8.2M-33.5K0.0726.91N/AN/A2,00414710,8223,810
2023-05-08$19.95$18.0027.9%6.7%20.0%37.1%23.3%5.3%-1.5%722.7K-9.8M-35.1K0.5135.95N/AN/A1718711,7353,799
2023-05-09$19.91$18.0027.1%6.6%19.9%34.3%24.1%4.0%0.0%744.0K-9.6M-34.7K0.4517.11N/AN/A381711,8683,864
2023-05-10$19.61$18.0022.4%6.4%20.9%17.2%25.1%6.1%0.8%699.2K-7.8M-33.3K3.1814.72N/AN/A29894911,8983,871
2023-05-11$19.38$18.0020.6%5.9%21.0%10.7%20.0%3.2%2.2%650.9K-6.6M-30.9K0.1951.98N/AN/A2124112,0594,426
2023-05-12$18.88$18.0021.4%6.1%23.0%13.4%21.1%3.0%2.0%387.1K-3.3M-28.4K1.5927.49N/AN/A8012711,9814,421
2023-05-15$19.30$18.0021.7%6.2%24.4%14.4%20.3%4.0%1.7%563.5K-5.3M-27.1K0.4913.02N/AN/A703411,9694,335
2023-05-16$19.13$18.0018.7%5.4%23.8%3.7%18.8%2.0%4.2%479.0K-4.6M-25.5K0.8119.96N/AN/A211712,0074,329
2023-05-17$19.37$18.0019.6%5.6%24.2%7.1%18.7%2.3%2.9%548.7K-6.5M-25.7K0.4531.08N/AN/A1175312,0034,339
2023-05-18$19.27$18.0018.5%5.3%24.2%2.9%18.3%3.0%2.0%524.9K-6.2M-23.8K0.0317.33N/AN/A5541612,0064,311
2023-05-19$19.34$18.0019.7%5.7%24.3%7.4%19.4%1.6%0.9%587.2K-6.3M-24.8K0.0314.80N/AN/A3921211,9344,304
2023-05-22$19.34$18.0018.4%5.3%24.3%2.4%16.3%3.2%1.6%598.5K-4.7M-23.8K0.049.92N/AN/A2,2378510,1052,869
2023-05-23$18.96$19.0019.1%5.5%24.0%5.0%18.8%3.0%0.0%464.7K-2.7M-24.5K1.6110.89N/AN/A1141849,4232,896
2023-05-24$18.45$19.0022.7%6.5%25.9%18.3%21.2%5.0%-2.0%269.6K-794.3K-20.9K0.1122.88N/AN/A512579,4372,953
2023-05-25$18.48$19.0022.5%6.4%24.0%17.4%21.1%3.8%0.2%298.3K-1.4M-23.2K1.388.91N/AN/A26369,7492,941
2023-05-26$18.74$19.0018.7%5.4%23.9%3.5%17.3%6.6%1.1%387.4K-2.1M-24.0K0.038.14N/AN/A9539,7502,955
2023-05-30$18.81$19.0020.3%5.8%23.9%9.4%20.4%7.3%0.2%401.4K-2.2M-23.2K0.1416.71N/AN/A268379,7852,956
2023-05-31$18.54$19.0019.8%5.7%24.1%7.6%23.5%3.9%-0.6%295.6K-1.2M-21.3K1.6510.97N/AN/A17289,8522,956