MFC Options History — March 2024

In March 2024, MFC traded between $23.70 and $25.06. ATM implied volatility averaged 18.0%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 6.1% (HV 20d: 24.1%). Max pain ranged from $21.00 to $24.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.38.

Notable Days

  • 2024-03-28: Highest Volume — 2,371 contracts
  • 2024-03-11: Largest IV spike — 31.9% change
  • 2024-03-11: Highest IV Rank — 39.4%
  • 2024-03-06: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.16$23.70$25.06$23.88$25.06
Max Pain$23.00$21.00$24.00$21.00$23.00
ATM IV18.0%14.9%23.6%18.6%14.9%
Expected Move4.9%4.3%5.5%5.3%4.3%
HV 20d24.1%10.7%36.1%36.1%13.7%
HV 60d23.8%23.1%24.6%24.6%23.5%
IV Rank30.8%20.6%39.4%25.4%25.0%
IV Percentile28.7%5.2%77.8%34.1%5.2%
Term Structure3.6%-0.8%24.9%-0.8%4.3%
VWIV17.1%15.0%19.2%18.7%15.0%
Skew 25d1.7%-1.9%4.9%4.9%0.3%
Skew 10d3.4%-7.1%9.4%6.9%-7.1%
Call IV 25d15.9%12.9%18.3%14.5%16.3%
Put IV 25d17.6%13.6%19.7%19.4%16.5%
Bid-Ask Spread %53.0240.4865.1845.4247.31
Gamma HHI0.370.240.550.420.26
Net GEX763.4K573.4K1.1M729.5K773.1K
Net DEX-14.3M-18.0M-12.7M-13.4M-18.0M
Net VEX-50.9K-53.5K-47.4K-53.5K-47.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.012.240.460.03
Total Volume406.35422,3711692,371
Total OI12,718.4511,09913,86913,30412,396

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$23.88$21.0018.6%5.3%36.1%25.4%18.7%4.9%-0.8%729.5K-13.4M-53.5K0.4645.42N/AN/A1165310,6762,628
2024-03-04$24.04$23.0019.5%5.2%36.0%28.0%17.9%2.3%2.4%756.3K-14.2M-52.9K0.0754.58N/AN/A2561710,7352,597
2024-03-05$23.96$23.0018.9%5.2%36.1%26.2%18.6%1.1%2.1%788.8K-14.0M-52.0K2.2463.46N/AN/A5412110,7902,606
2024-03-06$23.99$23.0019.9%5.5%35.8%29.2%19.2%1.1%1.0%789.7K-14.1M-52.1K0.2065.18N/AN/A1523010,8042,611
2024-03-07$23.98$23.0020.2%5.2%35.5%29.9%18.3%1.7%1.6%818.2K-14.1M-51.6K0.6460.23N/AN/A885610,8612,624
2024-03-08$23.70$23.0017.9%5.3%35.9%23.4%18.1%1.3%1.6%802.9K-12.7M-52.4K0.0958.22N/AN/A1491410,8672,643
2024-03-11$23.79$23.0023.6%5.1%35.9%39.4%18.2%2.2%1.7%862.3K-13.1M-51.8K0.3152.07N/AN/A321010,9282,645
2024-03-12$23.88$23.0020.8%5.0%35.9%31.5%15.2%0.6%3.6%963.8K-13.4M-50.8K0.0245.66N/AN/A128210,9332,647
2024-03-13$24.21$23.0016.9%4.8%35.0%20.6%16.8%0.8%3.1%985.1K-15.4M-50.2K0.0359.18N/AN/A3161011,0492,648
2024-03-14$24.12$23.0017.5%5.0%34.5%36.2%16.4%2.5%24.9%1.1M-14.9M-49.9K0.2058.66N/AN/A2084111,1182,646
2024-03-15$24.26$23.0017.2%4.9%13.2%34.9%18.2%2.4%2.6%1.0M-15.9M-49.6K0.0556.81N/AN/A1,1366011,2132,656
2024-03-18$24.13$23.0016.2%4.6%13.3%30.9%16.5%1.5%3.3%583.7K-13.4M-50.7K1.2656.46N/AN/A38489,7851,314
2024-03-19$24.29$23.0016.8%4.8%12.5%33.6%16.5%4.0%3.4%597.8K-14.1M-50.0K1.1949.68N/AN/A1872239,9041,360
2024-03-20$24.37$24.0016.4%4.7%11.3%32.0%15.4%4.2%3.0%573.4K-14.4M-50.2K0.1847.68N/AN/A192349,9331,576
2024-03-21$24.37$24.0017.3%5.0%10.7%36.1%17.3%1.9%2.4%587.5K-14.4M-50.2K0.5051.77N/AN/A23911910,0291,580
2024-03-22$23.99$23.0015.8%4.5%12.0%29.1%16.7%0.8%3.3%595.3K-12.9M-51.5K0.0453.16N/AN/A144610,0821,582
2024-03-25$24.34$23.0017.9%5.1%13.2%39.1%17.5%-0.1%3.1%592.3K-14.4M-50.1K0.0144.01N/AN/A483710,1511,584
2024-03-26$24.26$23.0016.9%4.8%13.0%34.2%16.8%-1.9%2.9%663.5K-14.2M-50.8K0.0840.48N/AN/A5064010,5101,588
2024-03-27$24.63$23.0016.2%4.6%12.6%30.9%15.6%2.9%3.4%670.9K-15.6M-49.5K0.0450.40N/AN/A4251610,4451,625
2024-03-28$25.06$23.0014.9%4.3%13.7%25.0%15.0%0.3%4.3%773.1K-18.0M-47.4K0.0347.31N/AN/A2,3007110,7651,631