MFC Options History — August 2023

In August 2023, MFC traded between $17.56 and $19.77. ATM implied volatility averaged 19.5%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.9% (HV 20d: 17.6%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.64.

Notable Days

  • 2023-08-09: Highest Volume — 1,030 contracts
  • 2023-08-31: Largest IV drop — 34.9% change
  • 2023-08-08: Highest IV Rank — 47.6%
  • 2023-08-02: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.73$17.56$19.77$19.77$18.46
Max Pain$18.74$18.00$19.00$19.00$18.00
ATM IV19.5%9.5%27.8%21.8%9.5%
Expected Move5.3%2.7%7.6%6.2%2.7%
HV 20d17.6%14.5%21.0%16.1%19.7%
HV 60d18.1%17.4%19.1%19.1%17.5%
IV Rank22.9%0.0%47.6%29.4%0.0%
IV Percentile24.8%0.0%81.3%36.5%0.0%
Term Structure1.7%-5.1%8.4%-1.4%8.3%
VWIV18.3%9.2%25.5%24.1%9.2%
Skew 25d6.0%0.1%39.4%8.3%0.1%
Skew 10d19.1%0.2%70.1%9.1%0.2%
Call IV 25d18.4%9.3%71.0%16.5%9.3%
Put IV 25d24.4%9.4%110.4%24.8%9.4%
Bid-Ask Spread %28.365.4464.7212.3853.23
Gamma HHI0.390.220.610.450.39
Net GEX433.8K6.7K1.1M993.3K147.6K
Net DEX-2.4M-7.8M1.1M-7.8M-1.3M
Net VEX-18.4K-28.7K-11.3K-28.7K-14.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.013.300.470.10
Total Volume344.087551,030140204
Total OI13,795.95711,40415,87014,14612,045

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$19.77$19.0021.8%6.2%16.1%29.4%24.1%8.3%-1.4%993.3K-7.8M-28.7K0.4712.38N/AN/A954512,1941,952
2023-08-02$19.27$19.0026.5%7.6%18.2%43.7%25.5%4.3%-5.1%773.9K-4.9M-25.3K3.3053.81N/AN/A5417812,2471,977
2023-08-03$19.19$19.0024.7%6.1%16.6%38.3%21.1%2.7%-0.1%711.7K-4.2M-25.1K1.6233.72N/AN/A14623712,2562,143
2023-08-04$19.43$19.0024.8%6.0%16.7%38.4%20.4%4.7%-0.1%838.9K-5.3M-27.2K0.2410.09N/AN/A2295612,1912,377
2023-08-07$19.62$19.0027.3%5.9%16.1%46.2%19.9%1.7%0.0%930.6K-6.6M-28.1K1.4316.54N/AN/A233312,3632,432
2023-08-08$19.43$19.0027.8%6.2%16.4%47.6%21.7%4.7%0.0%842.1K-5.0M-25.9K0.538.89N/AN/A361912,3662,451
2023-08-09$19.32$19.0021.7%6.2%16.6%29.3%22.2%3.5%0.0%792.7K-4.8M-25.7K0.1348.69N/AN/A91211812,3812,465
2023-08-10$19.48$19.0019.0%5.5%15.6%21.1%19.3%2.5%1.3%1.1M-5.3M-24.8K0.0155.24N/AN/A656413,2512,606
2023-08-11$19.48$19.0018.8%5.4%15.3%20.3%18.7%3.8%1.7%924.3K-4.8M-22.6K0.0320.11N/AN/A4161313,2642,606
2023-08-14$19.27$19.0017.1%4.9%14.5%15.3%18.1%0.3%3.5%715.9K-3.2M-19.7K0.1411.18N/AN/A771113,1902,581
2023-08-15$18.80$19.0017.2%4.9%16.9%15.7%17.3%4.9%3.6%355.6K-846.4K-15.9K0.3113.73N/AN/A3149713,2072,524
2023-08-16$18.66$19.0018.4%5.3%17.0%19.3%14.4%39.4%3.5%97.0K467.6K-11.3K0.1916.89N/AN/A82215813,1182,541
2023-08-17$18.55$19.0019.1%5.5%16.7%21.2%19.0%16.1%1.6%193.1K101.2K-15.4K0.9541.44N/AN/A969113,1162,589
2023-08-18$18.11$19.0018.9%5.4%18.2%20.6%15.8%7.4%1.4%15.0K1.1M-12.7K0.2964.72N/AN/A3439813,1162,607
2023-08-21$17.93$19.0017.9%5.1%17.7%17.7%19.1%4.3%2.4%11.8K596.2K-11.3K0.2311.61N/AN/A414969,3532,051
2023-08-22$17.56$19.0017.9%5.1%18.2%17.6%16.6%3.5%0.9%6.7K950.5K-11.3K1.007.46N/AN/A3002999,4122,157
2023-08-23$17.81$19.0017.7%5.1%19.2%17.2%17.6%7.0%1.1%36.1K165.4K-11.8K0.5859.99N/AN/A1711009,5012,000
2023-08-24$17.89$18.0016.9%4.8%19.5%14.6%17.1%5.7%2.7%55.6K-294.0K-12.7K0.415.44N/AN/A182759,6161,904
2023-08-25$17.93$18.0017.3%5.0%19.5%15.9%17.3%1.6%1.9%66.3K-359.8K-12.9K1.8914.49N/AN/A27519,6711,950
2023-08-28$17.98$18.0017.0%4.9%19.4%15.0%16.4%2.9%2.2%62.4K-374.3K-12.6K0.0444.87N/AN/A251119,6841,999
2023-08-29$18.32$18.0016.8%4.8%21.0%14.4%16.8%6.9%0.8%134.3K-1.1M-14.2K0.106.75N/AN/A200199,8811,999
2023-08-30$18.44$18.0014.6%4.2%19.7%7.9%14.2%2.5%8.4%197.9K-1.5M-15.0K0.7640.98N/AN/A78599,9652,008
2023-08-31$18.46$18.009.5%2.7%19.7%0.0%9.2%0.1%8.3%147.6K-1.3M-14.0K0.1053.23N/AN/A1851910,0262,019