MFC Options History — September 2023

In September 2023, MFC traded between $18.19 and $19.57. ATM implied volatility averaged 16.3%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 1.6% (HV 20d: 17.8%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.37.

Notable Days

  • 2023-09-13: Highest Volume — 682 contracts
  • 2023-09-11: Largest IV spike — 62.1% change
  • 2023-09-28: Highest IV Rank — 35.9%
  • 2023-09-28: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.81$18.19$19.57$18.62$18.34
Max Pain$17.45$17.00$18.00$18.00$18.00
ATM IV16.3%10.2%22.3%11.6%19.8%
Expected Move4.9%3.3%6.4%3.3%5.7%
HV 20d17.8%12.8%20.0%19.4%18.8%
HV 60d17.9%17.4%18.7%17.5%18.3%
IV Rank18.9%1.9%35.9%5.7%28.9%
IV Percentile12.7%0.4%52.8%0.4%31.3%
Term Structure3.6%2.2%4.8%2.6%3.9%
VWIV16.1%13.8%19.1%13.8%14.2%
Skew 25d2.9%-4.3%7.0%-4.3%2.1%
Skew 10d4.8%-4.0%12.9%-4.0%2.3%
Call IV 25d14.7%11.3%18.8%13.7%16.8%
Put IV 25d17.6%9.4%22.5%9.4%18.9%
Bid-Ask Spread %32.937.2856.0317.2730.76
Gamma HHI0.410.260.600.450.27
Net GEX242.8K136.7K465.2K255.7K158.4K
Net DEX-2.2M-4.5M-355.3K-1.9M-560.4K
Net VEX-17.8K-20.7K-14.4K-15.1K-19.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.370.0311.350.340.43
Total Volume291.155968221887
Total OI9,936.956,05313,74912,1327,720

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$18.62$18.0011.6%3.3%19.4%5.7%13.8%-4.3%2.6%255.7K-1.9M-15.1K0.3417.27N/AN/A1635510,1262,006
2023-09-05$18.59$17.0010.2%4.6%18.9%1.9%16.6%4.6%3.6%233.6K-1.6M-14.4K0.0348.91N/AN/A203710,2752,056
2023-09-06$18.46$17.0015.7%4.8%18.8%17.4%16.6%4.5%3.7%211.8K-1.6M-15.3K0.0556.03N/AN/A153710,4632,057
2023-09-07$18.48$17.0013.1%4.9%18.8%9.9%16.8%5.2%4.4%186.2K-1.5M-14.6K2.0229.20N/AN/A6513110,4842,062
2023-09-08$18.45$17.0011.2%4.8%18.4%4.7%17.1%4.0%4.2%136.7K-1.4M-14.7K0.1349.77N/AN/A1051410,5362,189
2023-09-11$18.82$17.0018.2%4.9%20.0%24.3%16.3%2.3%2.8%360.9K-2.5M-16.1K0.0426.08N/AN/A2891310,6352,192
2023-09-12$18.87$17.0018.4%4.6%19.8%24.8%16.4%1.6%3.2%405.2K-2.6M-15.8K0.0732.85N/AN/A2081510,7042,189
2023-09-13$18.84$17.0015.9%4.6%17.7%17.9%15.8%5.6%4.0%465.2K-2.4M-15.8K0.0324.73N/AN/A6622010,7642,191
2023-09-14$19.23$17.0015.0%4.3%18.9%15.3%14.7%-0.9%4.8%400.7K-4.4M-17.1K1.8140.28N/AN/A23342111,1122,206
2023-09-15$19.30$17.0016.2%4.6%18.7%18.6%16.2%-0.1%3.8%215.4K-4.5M-18.2K0.197.28N/AN/A2424511,1782,571
2023-09-18$19.36$17.0016.1%4.6%15.9%18.4%15.3%0.9%3.8%230.4K-3.3M-18.1K1.0734.66N/AN/A2412594,2371,816
2023-09-19$19.57$17.0014.1%4.1%15.3%12.9%14.6%4.7%4.3%232.3K-3.8M-19.2K1.588.29N/AN/A1572484,4521,951
2023-09-20$19.45$18.0016.5%4.7%12.8%19.6%15.6%1.8%2.3%235.2K-3.2M-20.0K0.9948.04N/AN/A1151144,5902,186
2023-09-21$18.95$18.0018.0%5.2%16.5%23.7%16.2%2.7%3.6%208.2K-2.0M-20.7K2.2042.92N/AN/A491084,6612,299
2023-09-22$18.95$18.0017.1%4.9%16.5%21.1%17.4%1.7%4.2%213.9K-1.9M-20.5K2.1451.83N/AN/A22474,6842,353
2023-09-25$18.81$18.0017.4%5.0%16.9%22.0%14.5%7.0%3.6%200.4K-1.5M-19.9K0.1725.67N/AN/A484824,6952,393
2023-09-26$18.55$18.0019.0%5.5%17.9%26.6%19.1%6.6%2.9%192.1K-1.3M-20.6K2.4737.61N/AN/A17425,0622,434
2023-09-27$18.19$18.0019.8%5.7%18.1%28.7%16.8%3.7%3.5%153.3K-355.3K-19.1K11.3513.09N/AN/A515795,0592,465
2023-09-28$18.45$18.0022.3%6.4%18.7%35.9%18.3%3.9%2.2%160.7K-781.2K-20.6K0.3733.35N/AN/A51195,0512,635
2023-09-29$18.34$18.0019.8%5.7%18.8%28.9%14.2%2.1%3.9%158.4K-560.4K-19.9K0.4330.76N/AN/A61265,0852,635