MFC Options History — January 2024

In January 2024, MFC traded between $20.94 and $22.21. ATM implied volatility averaged 20.2%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 4.5% (HV 20d: 15.7%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 10.06.

Notable Days

  • 2024-01-03: Highest Volume — 8,448 contracts
  • 2024-01-10: Largest IV spike — 39.4% change
  • 2024-01-30: Highest IV Rank — 41.5%
  • 2024-01-30: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.59$20.94$22.21$21.80$22.13
Max Pain$21.86$20.00$22.00$21.00$22.00
ATM IV20.2%13.7%24.3%16.8%24.1%
Expected Move6.1%4.8%7.0%4.8%6.9%
HV 20d15.7%12.5%19.9%18.2%13.7%
HV 60d19.3%16.7%20.6%20.6%16.7%
IV Rank30.0%11.7%41.5%20.4%41.0%
IV Percentile48.2%2.4%80.6%13.1%79.8%
Term Structure-0.8%-4.0%4.2%4.2%-3.5%
VWIV20.7%15.4%24.0%15.4%23.5%
Skew 25d2.7%0.4%6.9%3.9%1.4%
Skew 10d3.9%-5.2%12.2%5.9%7.2%
Call IV 25d19.9%14.4%23.8%14.4%23.8%
Put IV 25d22.7%16.7%25.4%18.3%25.1%
Bid-Ask Spread %48.6131.6576.4669.4173.97
Gamma HHI0.450.200.660.200.48
Net GEX-492.6K-890.1K283.8K277.1K-408.4K
Net DEX-676.7K-8.2M6.1M-8.2M-6.2M
Net VEX-39.4K-51.8K-25.5K-25.7K-51.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.060.02128.970.520.46
Total Volume1,258.238798,448184601
Total OI21,728.66710,18628,20710,18628,207

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$21.80$21.0016.8%4.8%18.2%20.4%15.4%3.9%4.2%277.1K-8.2M-25.7K0.5269.41N/AN/A121636,9493,237
2024-01-03$21.62$20.0016.8%4.8%18.8%20.4%16.8%0.7%4.0%283.8K-7.7M-25.5K128.9741.87N/AN/A658,3837,0023,213
2024-01-04$21.66$22.0016.2%6.0%18.7%18.7%21.5%2.2%-0.2%-300.2K-2.4M-41.0K0.4739.20N/AN/A2951397,02411,307
2024-01-05$21.80$22.0015.5%5.9%18.5%16.7%20.8%3.1%-0.5%-269.4K-3.6M-39.7K0.1447.69N/AN/A69107,18111,295
2024-01-08$21.88$22.0017.0%6.0%18.5%20.9%20.5%3.5%-0.3%-260.1K-4.2M-37.8K0.0969.44N/AN/A197187,20711,291
2024-01-09$21.52$22.0013.7%5.9%19.9%11.7%20.7%3.2%-0.5%-291.5K-2.2M-38.1K43.6176.46N/AN/A693,0097,39811,304
2024-01-10$21.57$22.0019.1%5.5%17.3%26.8%19.9%2.4%0.2%-531.8K-705.7K-41.7K0.0431.97N/AN/A19377,44114,303
2024-01-11$21.45$22.0021.0%6.0%16.8%32.2%18.9%3.1%-0.2%-536.7K286.6K-40.8K0.8037.10N/AN/A1481187,57314,305
2024-01-12$21.34$22.0020.4%5.9%17.0%30.5%19.9%2.2%0.5%-526.8K1.1M-41.6K0.2849.43N/AN/A3831067,68814,418
2024-01-16$21.20$22.0022.1%6.3%15.9%35.2%20.3%2.3%-0.8%-558.5K2.8M-38.6K29.2831.65N/AN/A329378,05314,516
2024-01-17$21.02$22.0023.4%6.7%15.6%39.0%22.1%3.3%-1.4%-653.5K5.2M-40.7K0.3458.03N/AN/A260897,99415,406
2024-01-18$20.94$22.0023.3%6.7%15.7%38.7%20.5%4.3%-2.1%-657.1K6.1M-39.6K4.9132.97N/AN/A3861,8947,96515,455
2024-01-19$21.23$22.0022.3%6.4%12.5%35.8%21.6%3.2%-1.7%-845.8K3.7M-41.2K0.1034.05N/AN/A620658,01617,308
2024-01-22$21.37$22.0023.2%6.7%12.8%38.4%19.3%5.7%-1.2%-839.1K4.9M-37.9K0.0249.58N/AN/A56196,36816,650
2024-01-23$21.54$22.0020.5%5.9%13.1%30.7%21.6%6.9%-1.3%-875.9K3.3M-38.9K0.2251.28N/AN/A5081136,67216,652
2024-01-24$21.62$22.0020.2%5.8%13.0%29.9%21.5%0.4%-1.5%-890.1K2.2M-39.2K0.2259.02N/AN/A246536,89416,747
2024-01-25$21.91$22.0021.4%6.1%13.2%33.4%21.5%1.3%-1.9%-774.8K-683.7K-38.2K0.6646.18N/AN/A2,3511,5457,06016,714
2024-01-26$21.86$22.0020.7%5.9%13.2%31.3%21.5%1.7%-2.2%-619.8K-978.1K-39.9K0.0741.92N/AN/A305218,77716,901
2024-01-29$21.81$22.0022.9%6.6%13.2%37.5%23.0%0.6%-2.9%-648.1K-409.4K-38.9K0.0444.63N/AN/A2,030818,95216,913
2024-01-30$22.21$22.0024.3%7.0%14.8%41.5%24.0%2.6%-4.0%-417.6K-6.6M-51.8K0.0434.95N/AN/A3111210,98116,965
2024-01-31$22.13$22.0024.1%6.9%13.7%41.0%23.5%1.4%-3.5%-408.4K-6.2M-51.3K0.4673.97N/AN/A41218911,23616,971