MFC Options History — July 2023

In July 2023, MFC traded between $18.34 and $19.98. ATM implied volatility averaged 18.9%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 2.0% (HV 20d: 16.9%). Max pain ranged from $19.00 to $19.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.42.

Notable Days

  • 2023-07-13: Highest Volume — 2,330 contracts
  • 2023-07-12: Largest IV spike — 54.7% change
  • 2023-07-31: Highest IV Rank — 31.8%
  • 2023-07-31: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.19$18.34$19.98$18.94$19.98
Max Pain$19.00$19.00$19.00$19.00$19.00
ATM IV18.9%12.0%22.6%14.6%22.6%
Expected Move5.7%4.2%6.5%4.2%6.5%
HV 20d16.9%14.2%19.9%14.2%15.4%
HV 60d20.0%19.2%20.7%19.5%19.3%
IV Rank19.2%0.0%31.8%1.3%31.8%
IV Percentile17.3%0.0%46.4%0.8%46.4%
Term Structure-0.8%-3.0%4.1%3.2%-3.0%
VWIV19.7%14.6%23.1%14.6%21.7%
Skew 25d4.6%-2.2%10.1%1.7%2.3%
Skew 10d6.9%-0.6%18.0%2.7%2.0%
Call IV 25d16.7%11.9%21.5%11.9%21.5%
Put IV 25d21.3%12.6%23.9%13.7%23.8%
Bid-Ask Spread %37.7711.4973.9660.2144.90
Gamma HHI0.370.280.470.300.44
Net GEX633.5K221.6K1.0M377.9K1.0M
Net DEX-4.9M-9.3M-820.5K-2.7M-9.3M
Net VEX-23.7K-30.0K-15.0K-19.2K-30.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.001.651.160.18
Total Volume503.25272,330134332
Total OI11,792.159,12414,0819,12413,901

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$18.94$19.0014.6%4.2%14.2%1.3%14.6%1.7%3.2%377.9K-2.7M-19.2K1.1660.21N/AN/A62727,5911,533
2023-07-05$18.70$19.0015.9%4.6%14.7%5.5%16.0%-2.2%4.1%316.0K-1.9M-17.7K1.6542.13N/AN/A46767,6401,596
2023-07-06$18.34$19.0017.1%6.2%15.7%9.4%21.2%3.0%-0.3%233.9K-946.5K-16.0K0.2321.94N/AN/A2257,6561,672
2023-07-07$18.55$19.0016.0%5.9%16.1%5.8%21.4%2.3%-0.8%277.9K-1.4M-17.0K0.2473.96N/AN/A3487,6391,680
2023-07-10$18.34$19.0018.8%6.4%16.4%14.6%22.2%6.1%-1.1%221.6K-820.5K-15.0K1.4621.64N/AN/A1091597,6601,688
2023-07-11$18.55$19.0012.0%5.6%17.1%0.0%19.5%7.2%-1.0%258.4K-1.2M-16.2K0.3038.86N/AN/A3371007,5801,839
2023-07-12$18.66$19.0018.6%5.3%17.2%19.9%18.3%5.2%0.2%305.7K-1.7M-17.5K0.1758.01N/AN/A133237,8391,913
2023-07-13$19.01$19.0019.5%5.6%18.6%22.6%17.1%3.9%0.6%401.6K-2.8M-18.6K0.0054.35N/AN/A2,32647,9101,923
2023-07-14$18.88$19.0019.2%5.5%18.6%21.6%19.2%1.9%-0.1%529.3K-3.1M-22.0K0.0226.36N/AN/A516810,0621,925
2023-07-17$19.23$19.0021.2%6.1%19.9%27.6%20.0%2.5%-2.5%663.0K-5.2M-25.4K0.0115.78N/AN/A1,7762410,4661,931
2023-07-18$19.30$19.0020.0%5.7%19.1%24.2%19.2%3.2%-0.2%789.3K-6.2M-27.4K0.0323.04N/AN/A275911,6451,951
2023-07-19$19.30$19.0021.1%6.0%18.2%27.3%21.2%4.1%-1.6%809.8K-6.2M-27.3K0.6126.98N/AN/A22113511,8281,951
2023-07-20$19.45$19.0021.0%6.0%18.3%27.1%19.6%4.7%-1.7%856.9K-7.0M-29.0K0.1444.16N/AN/A4365911,9292,061
2023-07-21$19.52$19.0018.5%5.3%17.4%19.5%18.3%6.8%-0.7%827.1K-7.1M-28.9K0.0649.50N/AN/A3322111,9652,116
2023-07-24$19.69$19.0018.4%5.3%16.4%19.3%19.1%7.5%-0.8%899.2K-7.2M-29.0K0.1911.49N/AN/A4919111,4021,787
2023-07-25$19.80$19.0020.6%5.9%16.3%25.7%20.7%6.9%-2.4%933.9K-7.9M-29.3K0.5512.83N/AN/A824511,4921,859
2023-07-26$19.88$19.0019.9%5.7%15.9%23.6%23.1%7.8%-1.4%992.6K-8.1M-29.2K0.1067.02N/AN/A3543611,5161,900
2023-07-27$19.84$19.0022.2%6.4%16.0%30.8%21.2%6.7%-3.0%958.5K-8.3M-29.7K1.2150.18N/AN/A8710511,5201,907
2023-07-28$19.88$19.0020.8%6.0%16.0%26.4%21.0%10.1%-3.0%984.8K-8.4M-29.3K0.0512.01N/AN/A1,0565811,4971,873
2023-07-31$19.98$19.0022.6%6.5%15.4%31.8%21.7%2.3%-3.0%1.0M-9.3M-30.0K0.1844.90N/AN/A2825011,9801,921