MFC Options History — December 2023

In December 2023, MFC traded between $19.76 and $22.14. ATM implied volatility averaged 17.4%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 0.7% (HV 20d: 16.7%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.78.

Notable Days

  • 2023-12-11: Highest Volume — 2,265 contracts
  • 2023-12-13: Largest IV drop — 22.3% change
  • 2023-12-12: Highest IV Rank — 31.9%
  • 2023-12-01: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.03$19.76$22.14$19.76$22.13
Max Pain$19.20$19.00$20.00$19.00$20.00
ATM IV17.4%16.0%20.9%17.5%16.0%
Expected Move4.8%4.3%5.0%5.0%4.6%
HV 20d16.7%13.7%19.0%17.8%16.9%
HV 60d21.6%20.3%22.3%21.8%20.3%
IV Rank22.2%18.2%31.9%22.4%18.2%
IV Percentile16.7%7.1%48.8%14.7%7.1%
Term Structure3.5%0.1%5.4%0.1%4.6%
VWIV18.6%12.1%33.4%21.4%12.1%
Skew 25d1.7%-2.8%5.3%5.3%-2.8%
Skew 10d2.3%-6.3%10.6%6.9%-4.2%
Call IV 25d16.7%15.4%18.8%15.4%16.6%
Put IV 25d18.4%13.8%20.8%20.6%13.8%
Bid-Ask Spread %41.2519.9483.7337.0919.95
Gamma HHI0.410.200.680.590.21
Net GEX423.0K246.8K672.2K482.1K324.7K
Net DEX-8.9M-13.6M-6.4M-6.5M-9.4M
Net VEX-21.0K-24.3K-16.2K-20.8K-24.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.006.940.216.94
Total Volume626.25302,26591564
Total OI9,766.357,30211,9829,9549,636

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$19.76$19.0017.5%5.0%17.8%22.4%21.4%5.3%0.1%482.1K-6.5M-20.8K0.2137.09N/AN/A75166,7713,183
2023-12-04$19.87$19.0018.7%4.9%16.8%25.6%17.6%1.5%3.2%524.4K-7.3M-19.2K3.4032.83N/AN/A1294396,7903,182
2023-12-05$19.81$19.0018.2%4.8%16.3%24.4%18.5%2.1%4.9%527.5K-7.0M-20.5K0.8861.36N/AN/A16146,8033,505
2023-12-06$19.77$19.0018.6%4.7%15.5%25.4%16.9%4.1%3.5%531.8K-6.9M-19.6K0.0036.09N/AN/A82226,8053,500
2023-12-07$19.81$19.0018.2%4.9%14.9%24.2%16.0%3.4%2.9%519.6K-6.7M-18.4K0.1158.20N/AN/A5766,5033,498
2023-12-08$19.98$19.0016.9%4.6%13.7%20.7%18.5%2.8%4.2%581.2K-7.4M-17.7K0.2922.52N/AN/A271796,5043,503
2023-12-11$20.59$19.0019.7%4.6%16.5%28.6%16.5%2.8%1.9%411.8K-9.9M-16.2K0.1150.60N/AN/A2,0352306,7313,568
2023-12-12$20.91$19.0020.9%4.3%16.8%31.9%15.4%0.9%3.9%609.4K-12.3M-18.6K0.0237.26N/AN/A1,180198,1043,716
2023-12-13$20.99$19.0016.3%4.7%16.3%18.8%22.6%1.9%2.9%577.4K-12.1M-19.5K0.1277.95N/AN/A394467,9973,731
2023-12-14$21.37$19.0016.4%4.7%16.8%19.3%21.2%-1.3%3.7%379.4K-13.6M-19.0K0.0330.31N/AN/A1,520478,2363,746
2023-12-15$21.13$19.0016.9%4.9%17.3%20.8%19.6%1.7%3.8%672.2K-11.9M-20.1K0.2932.36N/AN/A7992317,8503,773
2023-12-18$21.07$19.0016.1%4.6%16.9%18.5%16.5%2.2%4.3%278.3K-6.4M-21.9K0.7022.80N/AN/A3252295,2692,033
2023-12-19$21.69$19.0016.2%4.6%19.0%18.6%16.6%0.6%3.2%246.8K-7.7M-21.1K0.1383.73N/AN/A730925,4492,196
2023-12-20$21.70$19.0017.5%5.0%17.5%22.3%17.8%-0.3%3.0%306.0K-8.3M-23.5K0.6532.45N/AN/A2261476,1132,236
2023-12-21$21.77$19.0016.9%4.9%17.5%20.8%21.5%0.9%3.7%302.4K-8.3M-24.0K0.5564.75N/AN/A78436,2582,404
2023-12-22$21.87$19.0017.4%5.0%17.1%22.0%18.7%3.5%2.7%294.6K-8.6M-24.3K0.5830.05N/AN/A152886,3062,430
2023-12-26$22.14$20.0016.4%4.7%16.7%19.3%14.4%0.5%4.8%294.7K-9.4M-23.5K0.2119.94N/AN/A53116,4152,508
2023-12-27$22.09$20.0016.6%4.7%16.9%19.7%33.4%0.8%5.4%290.1K-9.2M-23.9K0.1254.57N/AN/A523646,4212,516
2023-12-28$22.13$20.0017.3%5.0%16.8%21.8%17.6%2.6%2.9%305.2K-9.3M-24.3K0.1720.18N/AN/A6581156,5602,578
2023-12-29$22.13$20.0016.0%4.6%16.9%18.2%12.1%-2.8%4.6%324.7K-9.4M-24.2K6.9419.95N/AN/A714936,8892,747