MFC Options History — February 2024

In February 2024, MFC traded between $21.84 and $24.74. ATM implied volatility averaged 20.1%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 5.2% (HV 20d: 25.3%). Max pain ranged from $18.00 to $22.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.42.

Notable Days

  • 2024-02-26: Highest Volume — 6,539 contracts
  • 2024-02-07: Largest IV drop — 23.5% change
  • 2024-02-06: Highest IV Rank — 46.2%
  • 2024-02-13: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.26$21.84$24.74$21.88$23.80
Max Pain$18.80$18.00$22.00$18.00$21.00
ATM IV20.1%16.4%26.0%23.8%17.1%
Expected Move5.6%4.7%6.5%6.0%4.9%
HV 20d25.3%13.9%36.6%14.1%36.5%
HV 60d20.3%15.8%24.7%16.6%24.6%
IV Rank29.7%19.3%46.2%40.0%21.1%
IV Percentile46.6%11.1%91.3%77.8%19.0%
Term Structure-0.4%-2.1%1.6%-0.4%-0.3%
VWIV19.6%16.5%28.1%21.2%17.0%
Skew 25d2.7%0.4%5.3%3.8%5.3%
Skew 10d9.8%0.8%27.3%14.6%7.3%
Call IV 25d18.5%14.2%21.3%19.7%14.2%
Put IV 25d21.2%17.1%24.9%23.5%19.5%
Bid-Ask Spread %48.2028.6764.6863.1650.55
Gamma HHI0.410.320.550.500.41
Net GEX212.0K-729.2K886.0K-532.3K710.7K
Net DEX-15.6M-38.0M-2.2M-3.4M-13.0M
Net VEX-52.0K-60.9K-43.2K-51.7K-52.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.011.500.900.20
Total Volume1,222.751216,539552296
Total OI25,170.7512,78037,35928,61113,108

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$21.88$18.0023.8%6.0%14.1%40.0%21.2%3.8%-0.4%-532.3K-3.4M-51.7K0.9063.16N/AN/A29126111,47217,139
2024-02-02$21.86$18.0023.1%6.0%14.1%38.2%21.5%3.6%-0.6%-490.4K-3.0M-50.7K0.7928.67N/AN/A37229511,59117,256
2024-02-05$21.84$18.0024.4%5.9%13.9%41.6%28.1%3.8%0.1%-729.2K-2.2M-48.6K1.5064.68N/AN/A15723511,80617,569
2024-02-06$22.23$18.0026.0%6.1%15.2%46.2%22.2%2.6%-0.9%-461.4K-8.0M-49.7K0.3041.80N/AN/A2958812,22517,886
2024-02-07$22.57$18.0019.9%5.7%14.5%29.1%20.5%4.1%0.7%-240.4K-12.2M-48.4K0.7349.78N/AN/A826012,44917,961
2024-02-08$22.55$18.0020.0%5.7%14.6%29.4%19.9%3.5%0.1%-270.8K-12.0M-47.4K0.3252.02N/AN/A1444612,49217,976
2024-02-09$22.55$18.0020.4%5.9%14.3%30.5%20.6%2.5%-0.1%-255.6K-12.3M-46.2K0.9764.14N/AN/A1,0491,01612,54818,010
2024-02-12$22.63$18.0021.1%6.0%14.0%32.4%20.2%2.2%-0.9%-34.3K-13.8M-43.2K0.0242.57N/AN/A3,3245613,55318,677
2024-02-13$22.16$18.0022.8%6.5%16.1%37.1%19.9%3.6%-2.1%-414.0K-8.7M-56.0K0.0453.02N/AN/A1,1604116,68918,696
2024-02-14$22.64$18.0021.8%6.2%17.0%34.3%22.8%2.2%-1.6%356.9K-17.4M-60.9K0.2564.12N/AN/A1,06726917,73918,707
2024-02-15$24.74$18.0018.1%5.2%34.4%24.0%17.9%2.4%-0.6%605.5K-38.0M-49.4K0.1432.51N/AN/A3,70453118,15318,906
2024-02-16$24.73$19.0017.8%5.1%34.4%23.3%18.2%1.3%-0.5%634.1K-36.1M-53.2K0.1031.33N/AN/A5835618,07619,283
2024-02-20$24.37$19.0019.6%5.6%35.3%28.1%18.2%2.0%-0.3%686.1K-20.8M-54.3K0.2462.94N/AN/A49611912,5352,408
2024-02-21$24.01$19.0019.3%5.5%36.1%27.5%17.8%1.1%-1.3%785.2K-19.6M-55.5K0.3636.92N/AN/A893212,9642,465
2024-02-22$24.27$19.0018.5%5.3%36.2%25.3%17.3%1.7%-0.5%789.0K-20.8M-54.5K0.0845.55N/AN/A6575513,0222,486
2024-02-23$24.30$19.0016.5%4.7%36.1%19.6%16.6%0.4%1.6%858.3K-21.9M-57.6K0.5152.84N/AN/A1015213,6252,524
2024-02-26$24.29$19.0016.4%4.7%36.1%19.3%16.5%1.1%1.6%886.0K-21.0M-53.9K0.0150.27N/AN/A6,4954413,1502,533
2024-02-27$24.11$21.0017.8%5.1%36.2%23.2%18.8%1.9%-0.0%674.1K-14.1M-52.0K0.3732.38N/AN/A38013910,2532,527
2024-02-28$23.74$22.0018.2%5.2%36.6%24.4%17.6%4.3%-1.0%681.9K-12.7M-53.1K0.4944.68N/AN/A21310510,3792,577
2024-02-29$23.80$21.0017.1%4.9%36.5%21.1%17.0%5.3%-0.3%710.7K-13.0M-52.9K0.2050.55N/AN/A2465010,4982,610